Global Gospel Initiative Inc
- Assets
- $25.3k
- Revenue
- $50.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Smiths Station, AL
- Founding
- Data as of
- 12/2023
- EIN
- 88-2941995
Organization Overview
Global Gospel Initiative Inc is located in Smiths Station, AL. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Gospel Initiative 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 12/2023, Global Gospel Initiative Inc generated $50.1k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $43.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDIVIDUAL GRANTS, SCHOLARSHIPS, AND TRAINING TO DEVELOP MEN AND WOMEN TO DISCIPLE AND TEACH OTHERS FOR CHRIST. MONIES WERE PAID ON BEHALF OF SOUTHWESTERN BAPTIST SEMINARY AND UNIVERSIDAD TEOLOGICA UTESCO.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Billy Duncan President | 15 | $0 | |
Jimbo Williams Trustee | 1 | $0 | |
Tommy Miles Trustee | 1 | $0 | |
Melody Poole Trustee | 1 | $0 | |
Neil Koon Trustee | 1 | $0 | |
Jimmy Blanton Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,086 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,086 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $3,817 |
| Other expenses | $33,661 |
| Total operating and administrative expenses | $37,478 |
| Contributions, gifts, grants paid | $6,460 |
| Total expenses and disbursements | $43,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,264 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $25,264 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Global Gospel Initiative Inc has awarded $6,460 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSIDAD TEOLOGICA UTESCO PURPOSE: SCHOLARSHIPS AND GRANTS | $2,140 |
SOUTHWESTERN BAPTIST THEOLOGICAL SEMINARY PURPOSE: SCHOLARSHIPS AND GRANTS | $4,320 |