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Global Advance Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 270445659 ✦ Dallas, TX ✦ Designated as a 501(c)(3)

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Overview

What is Global Advance Foundation?

The Global Advance Foundation is a nonprofit organization situated in Dallas, Texas, with a postal address. Its primary objective is to support and empower Christian pastors and business persons in developing nations. They achieve this by funding training and resources. The foundation aims to establish a long-term endowment to sustain various ministry projects. By doing so, they aim to contribute positively to these communities and promote spiritual growth.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 34%, Zero-Star out of Four Star rating.

Global Advance Foundation has received a low score of 34% from Charity Navigator, indicating significant concerns in its accountability and financial practices. The organization has zero independent board members, which raises questions about governance and oversight. While it has policies in place for conflict of interest, whistleblowing, and document retention, the missing website on the tax form and lack of financial transparency contribute to its low rating.

Strengths noted in the evaluation include the absence of material diversion of assets and the presence of documented board meeting minutes. However, the charity's financial metrics show alarming ratios, including a 0.00% program expense ratio, suggesting that it may not be effectively allocating resources toward its mission. The overall governance structure, particularly the lack of independent oversight, is a critical area of concern.

In summary, while Global Advance Foundation has implemented some necessary policies, the weaknesses in its governance and financial reporting significantly undermine its credibility and effectiveness. Stakeholders and potential donors should exercise caution and seek further information before engaging with the organization.


This AI summary has been generated from information found on Charity Navigator.

Is Global Advance Foundation legitimate?

Global Advance Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Global Advance Foundation 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:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Global Advance Foundation?

The Global Advance Foundation's primary objective is to establish a long-term endowment, which will subsequently be utilized to support various ministry projects. This organization's mission is to contribute financially to the training and provision of resources for Christian pastors and business people in developing nations. By doing so, the foundation aims to contribute to the betterment and upliftment of these communities. The endowment will serve as a means to provide essential tools and knowledge to these individuals, enabling them to make a positive impact in their respective societies.

Who is the CEO of Global Advance Foundation?

Jonathan Shibley is the Director of Global Advance Foundation.

What is the revenue of Global Advance Foundation?

Global Advance Foundation's revenue in 2022 was $55,892.

Who are the executives of Global Advance Foundation and what are their salaries?


Here are 4 key members and their salaries:


David Shibley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Shibley (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Naomi Shibley (Secretary/Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wayne Williams (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Global Advance Foundation?

Global Advance Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Global Advance Foundation

Global Advance Foundation, a nonprofit organization, is committed to building a lasting endowment. This endowment serves as a means to support various ministry projects worldwide. The organization's mission is to provide funding for the training and resources needed by Christian pastors and businesspeople in developing nations. By doing so, Global Advance Foundation aims to contribute to the overall growth and development of these communities, ultimately making a positive impact on the lives of many.

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Impact




August, 2024

Global Advance Foundation's impact is focused on building a long-term endowment to fund ministry projects and provide training and resources for Christian pastors and business persons in developing nations. By investing in these individuals, the foundation is empowering them to make a positive impact in their communities and contribute to the spread of Christian values and teachings globally. This initiative helps foster growth and sustainability within the Christian community in developing nations, leading to a lasting legacy of faith-based leadership and service.




This information is meant to be a general summary of Global Advance Foundation. 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.

Revenue
$55,892 (2022)
Expenses
$21,352 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $30,892
  • Gross Receipts: $55,892

Assets and Liabilities:

  • Total Assets: $1,025,661
  • Total Liabilities: $0
  • Net Assets: $1,025,661

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Organization Details

Founding Year

2007

Principal Officer

Jonathan Shibley

Main Address

PO BOX 742077, DALLAS, TX, 75374

NTEE Category

Code: X112 - Religion related

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