Global Corner Inc, The Global Corner in Pensacola, Florida (FL)

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Global Corner Inc, The Global Corner
Employer Identification Number (EIN)208318661
Name of OrganizationGlobal Corner Inc
Secondary NameThe Global Corner
In Care of NameLee Hansen
Address101 W Lloyd Street, Pensacola, FL 32501
Websitehttp://www.theglobalcorner.org
SubsectionCharitable Organization
Ruling Date06/2007
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2012
Assets$10,000 to $24,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$16,681
Amount of Income$58,424
Form 990 Revenue Amount$53,817
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Education (Not Elsewhere Classified)


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Financial snapshot ($)

Revenue for 2014

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2014
Total revenue$53,817
Contributions, gifts, grants, and similar amounts received$30,413
Program service revenue including government fees and contracts$17,653
Membership dues and assessments$0
Investment income$0
Gain/Loss from sale of assets other than inventory$0
Net income/loss from gaming and fundraising events$5,710
Gross income from gaming$0
Gross income from fundraising events$10,317
Less: direct expenses from gaming and fundraising events$4,607
Gross profit/loss from sales of inventory$0
Other revenue$0
Total expenses$49,422
Total net assets$16,401
Excess/Deficit for the year$4,395
Net assets or fund balances at beginning of year$12,006
Other changes in net assets or fund balances$0
Net assets or fund balances at end of year$16,401
Balance Sheets
2014
Total assets$16,681
Total liabilities$280
Net assets or fund balances$16,401
Other Information
2014
Did the organization engage in any significant activity not previously reported to the IRS?No
Were any significant changes made to the organizing or governing documents?No
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Has the organization filed a Form 990-T for the year?No
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?No
Amount of political expenditures, direct or indirect$0
Did the organization file Form 1120-POL for this year?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
Total amount involved$0
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$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
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014)
2010 - 2014 Total
Public support$195,423
Subtotal$254,771
Gifts, grants, contributions, and membership fees received$191,320
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$63,451
Gross receipts from activities that are not an unrelated trade or business under section 513$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Less$59,348
Amounts received from disqualified persons$59,348
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$254,837
Public support$254,771
Subtotal$66
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$66
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$0
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