Globalworks Projects Fund in Washington, District of Columbia (DC)
Table of contents:
| Globalworks Projects Fund | |
| Employer Identification Number (EIN) | 205170835 |
| Name of Organization | Globalworks Projects Fund |
| In Care of Name | Wayne Palmer |
| Address | 888 17th Street Nw, Washington, DC 20006-3939 |
| Subsection | Charitable Organization |
| Ruling Date | 08/2007 |
| Deductibility | Contributions are deductible |
| Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $434,153 |
| Amount of Income | $141,000 |
| Form 990 Revenue Amount | $141,000 |
| National Taxonomy of Exempt Entities (NTEE) | International, Foreign Affairs and National Security: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2013: $141,000 (it was $180,025 in 2012)
| Globalworks Projects Fund: | $141,000 |
| Other organizations performing similar types of work: | $121,951 |
Assets in 2013: $434,153 (it was $412,722 in 2012)
| This organization: | $434,153 |
| Other organizations performing similar types of work: | $62,466 |
Expenses in 2013: $124,038
| This organization: | $124,038 |
| Other organizations performing similar types of work: | $81,951 |
Income to expenses ratio in 2013: 1.1
| This organization: | 1.1 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 100.0%
| Globalworks Projects Fund: | 100.0% |
| Other organizations performing similar types of work: | 87.4% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total revenue | $180,025 | $141,000 | ||
| Contributions, gifts, grants, and similar amounts received | $180,000 | $141,000 | ||
| Program service revenue including government fees and contracts | $0 | $0 | ||
| Membership dues and assessments | $0 | $0 | ||
| Investment income | $0 | $0 | ||
| Gain/Loss from sale of assets other than inventory | $0 | $0 | ||
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | ||
| Other revenue | $25 | $0 | ||
| Total expenses | $143,628 | $124,038 | ||
| Total net assets | $409,992 | $426,954 | ||
| Excess/Deficit for the year | $36,397 | $16,962 | ||
| Net assets or fund balances at beginning of year | $373,595 | $409,992 | ||
| Other changes in net assets or fund balances | $0 | $0 | ||
| Net assets or fund balances at end of year | $409,992 | $431,299 | ||
| Balance Sheets | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total assets | $292,407 | $376,779 | $412,722 | $434,153 |
| Total liabilities | $2,028 | $3,184 | $2,730 | $7,199 |
| Net assets or fund balances | $409,992 | $426,954 | ||
| Other Information | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | ||
| Were any significant changes made to the organizing or governing documents? | No | No | ||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | ||
| Has the organization filed a Form 990-T for the year? | No | No | ||
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | ||
| Amount of political expenditures, direct or indirect | $0 | $0 | ||
| Did the organization file Form 1120-POL for this year? | No | No | ||
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | ||
| Total amount involved | $0 | $0 | ||
| Initiation fees and capital contributions | $0 | $0 | ||
| Gross receipts for public use of club facilities | $0 | $0 | ||
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | ||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | ||
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) |
| Number of organizations supported | 1 |
| Sum of amounts of support | $124,038 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Oxford Funds | Oxford Ox1 1jd, United Kingdom | international | 2011-06 | $307,743,280 |
| 2 | Rural India Supporting Tr, Indu Rawat Ttee | 38955 Hills Tech Dr, Farmingtn Hls, MI 48331-3431 | MI | 2009-10 | $34,109,056 |
| 3 | Pact Global Microfinance Fund | 1828 L St Nw Ste 300, Washington, DC 20036-5104 | DC | 2014-07 | $24,986,862 |
| 4 | French-American Aid For Children Foundation, Joerg Klebe Ttee | 131 E 62nd St, New York, NY 10065-7377 | NY | 2010-11 | $4,781,723 |
| 5 | Hellenic Initiative Inc | 601 Lexington Ave Fl 35, New York, NY 10022-4646 | NY | 2012-10 | $3,590,924 |
| 6 | American Friends Of Israel Organizations Inc | 1428 36th St Ste 200, Brooklyn, NY 11218-3765 | NY | 2014-07 | $3,070,000 |
| 7 | American Friends Of The Israel Sport Center For The Disabled | PO BOX 667, Deerfield, IL 60015-0667 | IL | 2012-03 | $2,951,437 |
| 8 | Hope Advancement Inc | 227 Granite Run Dr Ste 250, Lancaster, PA 17601-6826 | PA | 2013-02 | $2,072,931 |
| 9 | East Africa Humanitarian Organization | 6345 N Poplar Ave, Fresno, CA 93704-1513 | CA | 2010-04 | $1,158,325 |
| 10 | Gem-World | 41823 Camino De La Torre, Temecula, CA 92592 | CA | 2008-06 | $1,064,898 |
| 11 | Tokyo Union Church Foundation Inc | Tokyo 150-0001, Japan | international | 2012-03 | $690,947 |
| 12 | Neve Michael Childrens Village Inc | 2651 Regalia, Cooper City, FL 33026 | FL | 2009-01 | $398,318 |
| 13 | Friends Of Cuso International | 1101 15th St Nw Fl 3, Washington, DC 20005-5002 | DC | 2010-03 | $199,195 |
| 14 | Friends Of Polytechnique Of Montreal | 1725 I St Nw Ste 300, Washington, DC 20006-2423 | DC | 2003-11 | $197,815 |
| 15 | Globalworks Projects Fund | 888 17th Street Nw, Washington, DC 20006-3939 | DC | 2007-08 | $141,000 |
| 16 | Friends Of Acted Inc | 1400 16th Street Nw No 210, Washington, DC 20036 | DC | 2009-07 | $121,951 |
| 17 | Voca Foundation, V O C A | 50 F Street Nw No 1075, Washington, DC 20001 | DC | 1971-02 | $116,340 |
| 18 | China Business Forum | 1818 N St Nw Ste 500, Washington, DC 20036-2473 | DC | 1988-11 | $0 |
| 19 | Friends Of Procura Inc | 701 Thirteenth St Nw, Washington, DC 20005-3962 | DC | 2002-08 | $0 |
| 20 | Ndarakwai Experience Foundation | 826 A St Se, Washington, DC 20003-1340 | DC | 2014-12 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 183 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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