Global Startup Foundation Inc
- Assets
- $130.9k
- Revenue
- $236.7k
- Investments
- $0.0
- Employees
- 0
- Location
- New York City, NY
- Founding
- Data as of
- 12/2022
- EIN
- 84-3133968
Organization Overview
Global Startup Foundation Inc is located in New York City, NY. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Startup 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 12/2022, Global Startup Foundation Inc generated $236.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $236.7k during the year ending 12/2022. While expenses have increased by 13.9% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
GSF MISSION IS TO CONDUCT PRACTICAL EDUCATION TRAINING PROGRAMS THAT PREPARE INDIVIDUALS AND INSTITUTIONS FOR THE DIGITAL AGE. OUR PROGRAMS INCLUDE WORKFORCE TRAINING INITIATIVES WITH INSTITUTIONAL PARTNERS, CAREER & LEADERSHIP TECH TRAINING PROGRAMS FOR MINORITIES AND YOUTH, BUSINESS AND TECH TRAINING PROGRAMS FOR SME, STARTUPS AND EARLY STAGE COMPANIES. WE HAVE THE WORLD'S FASTEST GROWING COMMUNITY OF BENEFICIARIES DUE TO OUR TENURE IN HOSTING AND MANAGING REMOTE ONLINE ACCELERATOR PROGRAMS OVER THE PAST FEW YEARS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. WE HAVE A FUTURE OF WORK INITIATIVE WHICH INCLUDES A DIVERSITY INCLUSION CAREER PROGRAM FOR PEOPLE OF COLOR IN THE USA FEATURING A MULTI WEEK CAREER ACCELERATOR TRAINING SERIES PROGRAM FOLLOWED BY REMOTE INTERNSHIP PLACEMENTS AND CAREER JOB FAIRS, TRAINING INCLUDES SKILLS TRAINING ON THE TOP 10 ON DEMAND SKILLS OF THE DECADE, SOFT SKILLS TRAINING, CIVIC LEADERSHIP, PERSONAL BRANDING AND POSITIONING, AND FUTURE TECH AWARENESS (IOT, AI, BLOCKCHAIN, VR, NANO, SPACE TECH, ETC). WE ALSO INCLUDE CULTURAL IDENTITY AND MENTAL HEALTH WELLNESS EXPERIENCE. THIS PROGRAM WAS FUNDED AND BEGAN IN 2021.GSF LAB SUCCESSFULLY HOSTED THE 2ND EDITION OF THE AFRO FUTURE CAREER ACCELERATOR- A CAREER TRAINING AND DEVELOPMENT PROGRAM FOR PEOPLE OF COLOR ACROSS THE UNITED STATES. WE WORKED WITH 25+ SPEAKERS/TRAINERS, 10 PARTNERS AND SUPPORTED A COHORT OF OVER 100, REACHED 6,400 PEOPLE VIA THE WORKSHOP AND ANNUAL PROGRAM SERIES.
DONATION COMMUNITY RAISE (GIVING TUESDAY INCLUDED). SUPPORT ADMINISTRATIVE WORK AND VIRTUAL TRAINING SESSIONS FOR THE PUBLIC.
2.WE HAVE A DIGITAL SKILLS INDUSTRY FORWARD INITIATIVE WHERE WE TRAIN YOUNG PEOPLE AGES 18-35 IN CAREER INDUSTRIES THAT ARE CRUCIAL PARTS OF THE COUNTRY'S GDP. GSF SUCCESSFULLY HOSTED THE CAREER TOURISM CAREER ACCELERATOR PROGRAM FOR 2022 WITH 2 COMPLETED COHORTS. THE FIRST ONE SUPPORTING 250 HAITIAN CITIZENS FOR THE COHORT FOR A 10 WEEK PROGRAM INCLUDING TRAINING WITH 30 SPEAKERS, 55 PARTNERS AND 28 INTERNSHIP HOSTS. THE SECOND COHORT SUPPORTED 150 HAITIAN CITIZENS, 35 SPEAKERS, 55 PARTNERS AND 25 INTERNSHIP HOSTS. DESPITE ECONOMIC AND POLITICAL UNREST IN THE COUNTRY WE WERE ABLE TO COMPLETE THE PROGRAMS AND REACH 1200 ADDITIONAL TRAINEES VIA THE INITIATIVE.
GSF STARTUP CAREER ACCELERATORS- EVERY YEAR WE HOST ONE OF THE WORLD'S LARGEST ONLINE STARTUP CAREER ACCELERATOR PROGRAM. THIS TARGETS ENTREPRENEURS IN THE SME OR STARTUP STAGE WHO WANT TO LEARN THE FUNDAMENTALS OF BUILDING/SCALING THEIR BUSINESS WHILE MANAGING THEIR CAREER GOALS AND OBJECTIVES. THIS IS A FREE PROGRAM SERIES THAT IS SUPPORTED BY COMMUNITY DONATIONS AND PARTNERS WHO PROVIDE OVER $100,000 IN NON CASH SUPPORT IN THE FORM OF FREE CREDITS, MENTORSHIP AND SUPPORT. WE COMPLETED A STARTUP PROGRAM WITH PITCH DEMO AND A MAJOR TECH SUMMIT EVENT IN NIGERIA FOR RISING ENTREPRENEURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Baah Ntim President | OfficerTrustee | 4 | $0 |
Efua Bentum Secretary | Trustee | 4 | $0 |
Ekow Fynn Hr | OfficerTrustee | 10 | $0 |
Staniel Tett Program Support | Trustee | 8 | $0 |
Einstein Ntim Program Support | Trustee | 2 | $0 |
Ralph Nii Program Support | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $800 |
| Related organizations | $0 |
| Government grants | $9,595 |
| All other contributions, gifts, grants, and similar amounts not included above | $226,285 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $236,680 |
| 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 | $236,680 |
| 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 | $18,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $126,285 |
| Advertising and promotion | $22,100 |
| Office expenses | $680 |
| Information technology | $38,020 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,595 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $100 |
| All other expenses | $21,700 |
| Total functional expenses | $236,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,410 |
| Savings and temporary cash investments | $87 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $400 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $130,897 |
| Accounts payable and accrued expenses | $100,000 |
| Grants payable | $0 |
| Deferred revenue | $17,897 |
| 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 | $13,000 |
| Other liabilities | $0 |
| Total liabilities | $130,897 |
| Net assets without donor restrictions | $0 |
| 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 | $130,897 |