Glea Global Foundation
- Assets
- $277.5k
- Revenue
- $75.4k
- Investments
- $240.1k
- Employees
- 0
- Location
- Cupertino, CA
- Founding
- 06/2016
- Data as of
- 10/2023
- EIN
- 47-2499834
Organization Overview
Glea Global Foundation is located in Cupertino, CA. The organization was established in 2016. 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. Glea Global 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 10/2023, Glea Global Foundation generated $75.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 39.0% each year . All expenses for the organization totaled $4.0k during the year ending 10/2023. 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
LED FMLCCC CHURCH CHILDREN'S BIBLE STUDY PROGRAM
ORGANIZED GLOBAL GREEN DEVELOPMENT ALLIANCE (GLOGDA) CONFERENCES AND EVENTS INCLUDING* 2023 GLOBAL GREEN DEVELOPMENT SUMMIT ON CARBON NEUTRALITY AND ENERGY TRANSITION* 2023 FORUM ON ENHANCING COOPERATION TO DRIVE CLIMATE ACTIONS* 2023 ROUND TABLE ON GREEN ENERGY AND HUMAN HEALTH
DONATION TO FMLCCC CHURCH
DONATION TO GLOGDA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Guozhong Zhou CEO | 8 | $0 | |
Lixin Wang Secretary | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $954 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,456 |
| Capital Gain Net Income | $24,456 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $75,410 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $67 |
| Taxes | $16 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $65 |
| Total operating and administrative expenses | $1,353 |
| Contributions, gifts, grants paid | $2,600 |
| Total expenses and disbursements | $3,953 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $37,412 |
| 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 | $2 |
| Total assets | $277,474 |
| 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, Glea Global Foundation has awarded $2,600 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FMLC CHURCH PURPOSE: CHARITABLE DONATION | $2,500 |
SAMARITAN'S PURSE PURPOSE: CHARITABLE DONATION | $100 |