Global Vision Foundation Inc
- Assets
- $395.8k
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 53
- Location
- Scotland, PA
- Founding
- Data as of
- 12/2021
- EIN
- 83-2548626
Organization Overview
Global Vision Foundation Inc is located in Scotland, PA. As of 12/2021, Global Vision Foundation Inc employed 53 individuals. Global Vision Foundation Inc 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 Vision Foundation Inc generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 33.6% each year . All expenses for the organization totaled $4.7m during the year ending 12/2021. While expenses have increased by 39.1% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
GVCS FOUNDATION OPENS A WORLD OF OPPORTUNITIES FOR MIDDLE AND HIGH SCHOOL STUDENTS BY PROVIDING THEM WITH A SUPERIOR, DOMESTIC AND INTERNATIONAL EDUCATION, THROUGH PREPARATION FOR UNIVERSITY, AND A FUTURE THAT KNOWS NO BORDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SECONDARY SCHOOL EDUCATION
SECONDARY SCHOOL EDUCATION
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ock Seon Namyou President | OfficerTrustee | 40 | $96,280 |
Joon Nam Treasurer | OfficerTrustee | 40 | $48,752 |
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 | $50,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,000 |
| Total Program Service Revenue | $4,544,216 |
| 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 | $4,594,216 |
| 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. | $145,032 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,666,642 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,623 |
| Payroll taxes | $156,978 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $84,046 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $699,898 |
| Travel | $39,280 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,454 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,884 |
| Insurance | $10,518 |
| All other expenses | $414,990 |
| Total functional expenses | $4,678,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $243,206 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $148,094 |
| 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 | $4,470 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $395,770 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $29,411 |
| Total liabilities | $29,411 |
| Net assets without donor restrictions | $366,359 |
| 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 | $395,770 |
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