Global Lounge Incorporated
- Assets
- $182.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Boise, ID
- Founding
- 03/2008
- Data as of
- 12/2021
- EIN
- 65-1281801
Organization Overview
Global Lounge Incorporated is located in Boise, ID. The organization was established in 2008. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Lounge Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Global Lounge Incorporated generated $122.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $31.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
WORLD VILLAGE FESTIVAL IS A THREE-DAY PRESENTATION OF IDAHO'S INTERNATIONAL AND TRADITIONAL ARTISTS, MUSICIANS, STORY-TELLERS, ARTISANS AND REPRESENTATION DEMONSTRATING CULTURAL TRADITIONS THROUGH PERFORMANCES, WORKSHOPS AND OTHER INTERACTIVE ACTIVITIES. THE EVENT DRAWS APPROXIMATELY 8,000 PEOPLE EACH YEAR. HOWEVER, DUE TO COVID-19 RESTRICTIONS THE FESTIVAL COULD NOT BE HELD IN 2021. GRANTS AND DONATIONS WERE RECEIVED AND WILL BE USED AT THE 2022 EVENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonnie M Pfaff Director Treasurer | 10 | $0 | |
Donna Kovaleski Executive Director | 20 | $0 | |
Wayne Rancourt Director President | 20 | $0 | |
Sage Agbonkese Director Vice President | 10 | $0 | |
Dayo Ayodele Artistic Director | 30 | $0 | |
Marcus Tam Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $118,868 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $3,210 |
| Total Revenue | $122,078 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $6,167 |
| Occupancy, rent, utilities, and maintenance | $16,079 |
| Printing, publications, postage, and shipping | $2 |
| Other expenses | $9,413 |
| Total expenses | $31,661 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $147,991 |
| Other assets | $0 |
| Total assets | $182,055 |
| Total liabilities | $0 |
| Net assets or fund balances | $182,055 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Global Lounge Incorporated has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Utah Certified Development Company Ogden, UT | $3,055,296 | $3,200,082 |
Shunpike Seattle, WA | $2,155,050 | $3,145,389 |
Davis Performing Arts Association Centerville, UT | $4,174,799 | $3,299,831 |
Utah Arts Alliance Salt Lake City, UT | $1,603,300 | $1,841,835 |
On The Boards Seattle, WA | $8,063,400 | $5,761,969 |
Pioneer Center For The Performing Arts Reno, NV | $12,422,546 | $490,309 |
Cache Valley Center For The Arts Logan, UT | $6,652,060 | $2,240,065 |
Davis Arts Council Inc Layton, UT | $639,188 | $1,047,516 |
Beaverton Arts Foundation Inc Beaverton, OR | $11,885,314 | $4,596,836 |
Whidbey Island Center For The Arts Langley, WA | $2,928,245 | $860,208 |
Seattle Center Foundation Seattle, WA | $1,954,374 | $1,225,153 |
Bainbridge Performing Arts Bainbridge Island, WA | $12,190,794 | $6,764,163 |