Global Coralition Inc
- Assets
- $61.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Calabasas, CA
- Founding
- Data as of
- 12/2022
- EIN
- 84-2728444
Organization Overview
Global Coralition Inc is located in Calabasas, CA. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Coralition 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
1. ARTISTIC CORAL GARDENS AWE-INSPIRING SCULPTURAL REEFS RAISE AWARENESS, CATALYZE PARTNERSHIPS AND BECOME ATTRACTIONS THAT PROVIDE SUSTAINABLE REVENUE. 2. LAND-BASED CORAL FARMS THESE FARMS CAN GROW RESILIENT CORAL AT SCALE, WHILE PROMOTING BIODIVERSITY. LOCAL ECOLOGISTS, FISHERMEN, DIVERS AND STUDENTS ARE TRAINED AT THE FARMS. ECO-COURSES, TOURS AND MEMBERSHIPS SUSTAIN THE FARM'S OPERATIONS. 3. COMMUNITY REGENERATIVE HUBS WE DESIGN EACH FARM AS AN IMMERSIVE, EDUCATIONAL HUB. WE TARGET LOCAL IMPACTS ON REEF DEGRADATION WHILE CREATING NEW JOBS IN CONSERVATION.4. INSPIRE A MOVEMENTBUILD A NETWORK OF COMMUNITIES THAT CAN COLLABORATE, CROWDSOURCING RESOURCES AND SKILLS TO DESIGN MARINE REGENERATION HUBS IN THEIR OWN REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keqin Chen President | 4 | $0 | |
Tiffany Shi Vice President | 2 | $0 | |
Angeline Chen Tresurer | 2 | $0 | |
Brooke Darshana Board Member | 1 | $0 | |
Ron Carson Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $149,874 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $149,874 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $50,005 |
| Professional fees and other payments to independent contractors | $13,988 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $115,675 |
| Total expenses | $179,668 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $61,183 |
| Other assets | $0 |
| Total assets | $61,183 |
| Total liabilities | $0 |
| Net assets or fund balances | $61,183 |