Tgelf Usa Inc
- Assets
- $3.0m
- Revenue
- $845.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Dover, DE
- Founding
- 05/2018
- Data as of
- 12/2022
- EIN
- 82-2159060
Organization Overview
Tgelf Usa Inc is located in Dover, DE. The organization was established in 2018. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tgelf USA Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TGELF USA SEEKS TO IDENTIFY AND NURTURE LEADERSHIP AND ENTREPRENEURSSHIP SKILLS IN YOUNG INDIVIDUALS WHO ARE ROOTED IN THE VALUES OF ETHICS AND ALTRUISM, AND HAVE A BIAS FOR ACTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TGELF HELD EVENT CALLED ENTREPRENEURSHIP SPORTS GENERATION(ESG)IN VARIOUS COUNTRIES. ESG HAS BEEN DESIGNED AS A DIVERSE,INCLUSIVE, GLOBAL MOVEMENT THAT REIMAGINES ENTREPRENEURSHIP AS SPORT THROUGH A UNIQUELY DESIGNED YEAR-LONG MULTI-LEVEL AND TIER COMPETITION CONSISTING OF CITY, NATIONAL, AND CONFEDERATION EVENTS. ESG HAS ENGAGED WITH 600,000 ENTREPRENEURS FROM OVER 190 COUNTRIESREPRESENTING MORE THAN 31 INDUSTRIES RANGING FROM SPACETECH, NANOTECHNOLOGY, AGRITECH,AND FOODTECH TO AI, MENTAL HEALTH, NUCLEAR ENERGY, EDTECH, WASTE MANAGEMENT, AND OTHERS. THE COMPETITION OFFERS LIFE CHANGING AWARDS TO WINNERS IN FORM OF CASH PRIZES, WORLD CLASS TRAINING AND RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheldon Kirkpatrick Director | Officer | 10 | $0 |
Ilina Dubey Director | Officer | 2 | $0 |
Gowri Ishwara Director | Officer | 2 | $0 |
Jayshree Khemka Board Chair | Officer | 4 | $0 |
Gayatri Khemka Secretary | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $845,025 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $845,025 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $845,025 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,036 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $347 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,575 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $166,667 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $848,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,398 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,833,333 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,954,731 |
| Accounts payable and accrued expenses | $2,551,500 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $402,575 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,954,075 |
| Net assets without donor restrictions | $656 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,954,731 |