Global Promise Foundation
- Assets
- $764.4k
- Revenue
- $25.4k
- Investments
- $725.3k
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- 07/2005
- Data as of
- 12/2022
- EIN
- 20-1584233
Organization Overview
Global Promise Foundation is located in Scottsdale, AZ. The organization was established in 2005. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Promise 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 Promise Foundation generated $25.4k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $68.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Global Promise Foundation has awarded 33 individual grants totaling $286,253. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly L Doering President/director | 1.5 | $0 | |
Thomas A Doering Secretary/treasurer/direct | 1.5 | $0 | |
Nicholas A Doering Director | 1.5 | $0 | |
Madeline P Doering Director | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $25,065 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $378 |
| Capital Gain Net Income | $378 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,443 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,507 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $309 |
| Total operating and administrative expenses | $11,160 |
| Contributions, gifts, grants paid | $56,869 |
| Total expenses and disbursements | $68,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,628 |
| Savings and temporary cash investments | $24,415 |
| 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 | $117,409 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $764,387 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $75 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $75 |
Grants Awarded
Over the last fiscal year, Global Promise Foundation has awarded $56,869 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN OF THE NIGHT PURPOSE: GENERAL SUPPORT | $10,000 |
COMPASSION INTERNATIONAL INC PURPOSE: GENERAL SUPPORT | $13,319 |
FRANCISCAN CHILDREN'S PURPOSE: GENERAL SUPPORT | $2,000 |
GLOBALGIVING FOUNDATION PURPOSE: GENERAL SUPPORT | $3,300 |
K2 ADVENTURES FOUNDATION PURPOSE: GENERAL SUPPORT | $5,250 |
ST MARY'S CENTER FOR WOMEN AND CHILDREN PURPOSE: GENERAL SUPPORT | $1,000 |