Overview
What is Global Initiatives Inc?
Global Initiatives Inc, located in Wilmington, Delaware, is a nonprofit organization renowned for its global educational programs. Their mission encompasses developing engaging learning opportunities for both elementary and high school students, as well as adults worldwide. Historically, they were responsible for operating The Global Travel and Tourism Partnership (GTTP) from 1996 until 2019. As of January 2020, GTTP functions independently, managed by the GTTP Advisory Board and Executive Director in the United Kingdom. Although Global Initiatives Inc is currently providing transitional services, their primary focus lies in fostering global education through innovative programs that inspire and empower individuals around the globe.
Official website here: www.gttp.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36%, Zero-Star out of Four Star rating.
Global Initiatives Inc has received a very low score of 36% from Charity Navigator, indicating significant concerns regarding its accountability and financial health. While the organization scores well on having a majority of independent board members and a robust conflict of interest policy, it notably lacks critical governance policies such as a whistleblower policy and document retention procedures. This raises questions about its operational transparency.
Financially, the charity shows considerable weaknesses, with a high liabilities-to-assets ratio of 0.74% and a program expense ratio of only 46.14%. These figures suggest that a smaller portion of its budget is being allocated to direct program services, which can be a red flag for potential donors looking for effective and impactful use of their contributions.
While the organization has some strengths in governance practices, the overall lack of essential policies and poor financial metrics places it at a disadvantage in terms of accountability and trustworthiness. Donors should proceed with caution and consider these factors before making contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Global Initiatives Inc legitimate?
Global Initiatives Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Global Initiatives Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Official website here: www.gttp.org
What is the mission statement of Global Initiatives Inc?
Global Initiatives Inc's mission involves the creation of global educational programs aimed at elementary and high school students, as well as adults, around the world. These programs aim to expose individuals to potential career opportunities in the travel and tourism industry. Until January 2020, the Global Travel and Tourism Partnership (GTTP) was responsible for operating these programs, but since then, it has become independent, overseen by the GTTP Advisory Board and Executive Director based in the United Kingdom. Currently, Global Initiatives Inc is providing transitional services.
Official website here: www.gttp.org
Who is the CEO of Global Initiatives Inc?
Nancy Needham is the Cfo of Global Initiatives Inc.
Official website here: www.gttp.org
What is the revenue of Global Initiatives Inc?
Global Initiatives Inc's revenue in 2022 was $85,850.
Official website here: www.gttp.org
Who are the executives of Global Initiatives Inc and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.gttp.org
Where can I find the form 990 for Global Initiatives Inc?
Global Initiatives Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gttp.org
Learn more at the official website: www.gttp.org
Mission Statement of Global Initiatives Inc
Global Initiatives Inc, as a nonprofit organization, is dedicated to creating global educational programs aimed at elementary, high school students, and adults worldwide. The primary objective of Global Initiatives Inc is to provide these individuals with opportunities to expand their knowledge and skills in various fields, fostering global awareness and understanding.
Through its mission, Global Initiatives Inc has played a significant role in introducing students to potential careers in the travel and tourism industry. This was achieved through the Global Travel and Tourism Partnership (GTTP), an initiative that was previously under the organization's responsibility from 1996 to 2019. The GTTP exposed students to various aspects of the travel and tourism industry, providing them with valuable insights and experiences. As of January 2020, the GTTP is now operated independently by its advisory board and executive director in the United Kingdom.
Despite the GTTP's independence, Global Initiatives Inc continues to contribute to the educational sector by providing transitional services. The organization's commitment to global education and career development remains a cornerstone of its mission, ensuring that it continues to make a positive impact on individuals and communities around the world.
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Impact
October, 2024
Global Initiatives Inc has made a significant impact by developing global educational programs aimed at elementary and high school students, as well as adults worldwide. Through initiatives like the Global Travel and Tourism Partnership (GTTP), the organization has exposed students to a range of career opportunities within the travel and tourism sector. By focusing on educational pathways and career readiness, they have facilitated greater awareness and access to future employment possibilities for individuals across diverse backgrounds.
Even after the independence of the GTTP in 2020, Global Initiatives continues to offer transitional services, highlighting its commitment to fostering educational growth and industry readiness. This dedication enhances global understanding and collaboration, helping individuals gain essential skills and knowledge that are increasingly important in today’s interconnected world.
This information is meant to be a general summary of Global Initiatives Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $17
- Gross Receipts: $85,850
Assets and Liabilities:
- Total Assets: $90,466
- Total Liabilities: $1,864
- Net Assets: $88,602
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Organization Details
Founding Year
1996
Phone
(610) 399-4628Principal Officer
Nancy Needham
Main Address
141 SAINT MORITZ DRIVE, WILMINGTON, DE, 19807
Website
www.gttp.orgNTEE Category
Code: Q99 - International
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