Global Education Foundation
- Assets
- $512.5k
- Revenue
- $322.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- Data as of
- 12/2022
- EIN
- 86-2538751
Organization Overview
Global Education Foundation is located in Scottsdale, AZ. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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 Education Foundation 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 Education Foundation generated $322.3k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $275.2k during the year ending 12/2022. While expenses have increased by 9.8% per year over the past 2 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
THE PURPOSE OF THE FOUNDATION IS TO PROVIDE HIGHER EDUCATION OPPORTUNITIES FOR BEAUTY AND WELLNESS PROFESSIONALS ALLOWING THEM TO BECOME WELL-ROUNDED INDIVIDUALS AND ENJOY LONG-TERM, SUCCESSFUL CAREERS IN THE BEAUTY AND WELLNESS INDUSTRY. THE FOUNDATION INTENDS TO PARTNER WITH LEADING ACADEMIC INSTITUTIONS IN THE CREATION AND DEVELOPMENT OF A HIGHER EDUCATION PROGRAM FOR BEAUTY PROFESSIONALS, DESIGN THE EDUCATIONAL PROGRAM THAT WILL LEAD TO AN INTERDISCIPLINARY ASSOCIATE IN APPLIED SCIENCE AND/OR BACHELOR OF APPLIED SCIENCE DEGREE, AND PROVIDE RESOURCES THROUGH SCHOLARSHIPS AND OTHER FINANCIAL AID TO STUDENTS IN THE COSMETOLOGY FIELD AND OTHERS INTERESTED IN THE BEAUTY AND WELLNESS PROFESSION. THE FOUNDATION ALSO SUPPORT STUDENTS IN PREPARATION FOR THE HIGHER EDUCATION PATHWAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED FULL SCHOLARSHIPS FOR A HIGHER EDUCATION DEGREE, INCLUDING TUITION, BOOKS, FEES, TO 46 STUDENTS. THESE STUDENTS HAVE SINCE GRADUATED WITH ASSOCIATE DEGREES IN APPLIED SCIENCE FROM MESA COMMUNITY COLLEGE. OVER 22 STUDENTS WILL GRADUATE IN SPRING OF 2024 WITH A BACHELOR OF SCIENCE DEGREE.LEAD HAVE INTRODUCED AND ADVISED OVER THREE THOUSAND STUDENTS TO THE LEAD HIGHER EDUCATION DEGREE PATHWAY. OVER THREE HUNDRED STUDENTS ENROLLED IN OUR HIGHER EDUCATION DEGREE PROGRAM.LEAD GLOBAL INNOVATIVE COLLEGE AND UNIVERSITY DEGREE PROGRAM PATHWAY IS THE FIRST OF ITS KIND WORLDWIDE AND HAS BEEN NOMINATED IN NOVEMBER OF 2023 FOR THE UNITED NATION GLOBAL INNOVATION AND SDG AWARD.THE ORGANIZATION HAS PRODUCED AN EDUCATIONAL DOCUMENTARY FILM, WHICH WILL BE DISTRIBUTED THROUGH NETFLIX, AMAZON, HULU AND MANY OTHER STREAMING SERVICES AND DISTRIBUTION PLATFORMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holger Lohse Officer | OfficerTrustee | 0 | $0 |
Francis Tesmer Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $24,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $298,340 |
| Noncash contributions included in lines 1a–1f | $24,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $322,340 |
| 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 | $322,340 |
| 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 | $1,032 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23,655 |
| Office expenses | $167 |
| Information technology | $364 |
| Royalties | $0 |
| Occupancy | $24,000 |
| Travel | $3,306 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,476 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,309 |
| All other expenses | $10 |
| Total functional expenses | $275,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $512,478 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $512,478 |
| Accounts payable and accrued expenses | $326,848 |
| 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 | $140,225 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $467,073 |
| Net assets without donor restrictions | $24,905 |
| Net assets with donor restrictions | $20,500 |
| 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 | $512,478 |