Global Horizons Incorporated
- Assets
- $1.1m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 3
- Location
- Minneapolis, MN
- Founding
- 08/1995
- Data as of
- 12/2023
- EIN
- 41-1805314
Organization Overview
Global Horizons Incorporated is located in Minneapolis, MN. The organization was established in 1995. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2023, Global Horizons Incorporated employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Horizons Incorporated 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 Horizons Incorporated generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Global Horizons Incorporated has awarded 61 individual grants totaling $2,359,023. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE GLOBAL CHRISTIAN PARTNERS WHO ARE PROMOTING DISCIPLESHIP AND COMMUNITY-BASED CHANGE THROUGH RECONCILIATION AND SOCIAL JUSTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daan Klem President / Director Of Operations | OfficerTrustee | 5 | $0 |
Nan Muhovich Secretary - Development Commi | OfficerTrustee | 1 | $0 |
David Muhovich Board Chair | OfficerTrustee | 1 | $0 |
Dr Leon Rodrigues Board Member | OfficerTrustee | 1 | $0 |
Herb Klem Board Member | Trustee | 1 | $0 |
Colin Miller Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,432,203 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,432,203 |
| Total Program Service Revenue | $0 |
| Investment income | $10,124 |
| 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 | $1,442,327 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $501,653 |
| 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 | $78,449 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,371 |
| Fees for services: Management | $514,935 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $114 |
| Office expenses | $20,244 |
| Information technology | $11,554 |
| Royalties | $0 |
| Occupancy | $4,430 |
| Travel | $182,501 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $615 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,097 |
| All other expenses | $0 |
| Total functional expenses | $1,349,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $972,195 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $300 |
| 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 | $2,747 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $145,946 |
| Total assets | $1,121,188 |
| Accounts payable and accrued expenses | $3,433 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,433 |
| Net assets without donor restrictions | $154,593 |
| Net assets with donor restrictions | $963,162 |
| 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 | $1,121,188 |
Grants Awarded
Over the last fiscal year, Global Horizons Incorporated has awarded $84,996 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BIBLES FOR AFRICA PURPOSE: ORPHANS AND CHILDREN | $6,871 |
CONNECTED HEARTS MINISTRY PURPOSE: ORPHANS AND CHILDREN | $70,014 |
GRANTS UNDER 5000 | | | $8,111 |