New Global Ed
- Assets
- $15.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Norwalk, CA
- Founding
- 05/2016
- Data as of
- 12/2020
- EIN
- 47-4776386
Organization Overview
New Global Ed is located in Norwalk, CA. The organization was established in 2016. According to its NTEE Classification (B80) the organization is classified as: Student Services, 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. New Global Ed 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 12/2020, New Global Ed generated $14.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (28.8%) each year. All expenses for the organization totaled $31.3k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
SCHOLARSHIPS HAVE BEEN AWARDED TO THE HIGH PERFORMING AND LOW INCOME FAMILY STUDENTS WHO APPLIED FOR THE SCHOLARSHIPS. TOTAL 11 STUDENTS WERE BENEFITED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Gutierrez CEO | 10 | $0 | |
Jesse Kim CFO | 5 | $0 | |
Jun Hang Hur Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $14,475 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $14,475 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $12,431 |
| Professional fees and other payments to independent contractors | $2,090 |
| Occupancy, rent, utilities, and maintenance | $5,095 |
| Printing, publications, postage, and shipping | $435 |
| Other expenses | $11,218 |
| Total expenses | $31,269 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $10,043 |
| Other assets | $0 |
| Total assets | $15,401 |
| Total liabilities | $5,317 |
| Net assets or fund balances | $10,084 |