Globous Financial Relief Inc in Salt Lake Cty, Utah (UT)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
Globous Financial Relief Inc | |
Employer Identification Number (EIN) | 743068532 |
Name of Organization | Globous Financial Relief Inc |
In Care of Name | Kurt R Horn |
Address | 1775 W 1500 S, Salt Lake Cty, UT 84104-3832 |
Subsection | Educational Organization |
Ruling Date | 06/2003 |
Deductibility | Contributions are deductible |
Foundation | Private non-operating foundation |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2011 |
Assets | $1 to $9,999 |
Income | $10,000 to $24,999 |
Filing Requirement | 990 - Not required to file (all other) |
Asset Amount | $1,294 |
Amount of Income | $17,999 |
Form 990 Revenue Amount | $17,999 |
National Taxonomy of Exempt Entities (NTEE) | Human Services - Multipurpose and Other: Financial Counseling, Money Management |
Non-representatives - add comments:
Amount of income in 2011: $17,999 (it was $38,684 in 2010)
Globous Financial Relief Inc: | $17,999 |
Other organizations performing similar types of work: | $156,466 |
Assets in 2011: $1,294 (it was $1,348 in 2010)
This organization: | $1,294 |
Other organizations performing similar types of work: | $45,042 |
Expenses in 2011: $18,053
This organization: | $18,053 |
Other organizations performing similar types of work: | $135,428 |
Income to expenses ratio in 2011: 1.0
This organization: | 1.0 |
Other organizations performing similar types of work: | 1.3 |
Grants share in income in 2011: 0.0%
This organization: | 0.0% |
Other organizations performing similar types of work: | 90.6% |
Expenses for 2011
Analysis of Revenue and Expenses (for 2011) | ||||
Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
---|---|---|---|---|
Total revenue | $17,999 | $0 | $17,999 | |
Contributions, gifts, grants, etc., received | $0 | |||
Interest on savings and temporary cash investments | $0 | |||
Dividends and interest from securities | $0 | |||
Gross rents | $0 | |||
Gross profit from sales of goods | $0 | |||
Other income | $17,999 | |||
Total expenses and disbursements | $18,053 | $0 | $0 | $0 |
Compensation of officers, directors, trustees, etc. | $15,900 | |||
Total operating and administrative expenses | $18,053 | $0 | $0 | |
Contributions, gifts, grants paid | $0 | |||
Excess of revenue over expenses and disbursements | $-54 | |||
Net investment income | $0 | |||
Adjusted net income | $17,999 |
Balance Sheets (for 2011) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $1,294 | $1,294 |
Cash - non-interest-bearing | $1,294 | |
Investments-U.S. and state government obligations | $0 | |
Investments-corporate stock | $0 | |
Investments-corporate bonds | $0 | |
Investments-mortgage loans | $0 | |
Investments-other | $0 | |
Total liabilities | $1 | |
Mortgages and other notes payable | $0 | |
Other | $1 | |
Total liabilities and net assets/fund balances | $1,294 |
Capital Gains and Losses for Tax on Investment Income (for 2011) | |
Capital gain net income | $0 |
Net capital loss | $0 |
Excise Tax Based on Investment Income (for 2011) | |
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
Tax based on investment income | $0 |
Total credits and payments | $0 |
Any penalty for underpayment of estimated tax | $0 |
Tax due | $0 |
Amount to be credited to 2012 estimated tax | $0 |
Statements Regarding Activities (for 2011) | |
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011? | Yes |
Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
During the year did the foundation (either directly or indirectly): | |
Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
Agree to pay money or property to a government official? | No |
At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | No |
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
During the year did the foundation pay or incur any amount to: | |
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
Provide a grant to an individual for travel, study, or other similar purposes? | No |
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
Minimum Investment Return (for 2011) | |
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $0 |
Net value of noncharitable-use assets | $0 |
Minimum investment return | $0 |
Distributable Amount (for 2011) | |
Distributable amount | $0 |
Undistributed Income (for 2011) | |
Distributable amount for 2011 | $0 |
Undistributed income for 2011. This amount must be distributed in 2012 | $0 |
Private Operating Foundations (for 2011) | |||||
2011 | 2010 | 2009 | 2008 | Total | |
---|---|---|---|---|---|
The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
Value of all assets | $0 | $0 | $0 | $0 | $0 |
Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
Gross investment income | $0 | $0 | $0 | $0 | $0 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Arizona Home Foreclosure Prevention Funding Corporation | 1110 W Washington St, Phoenix, AZ 85007-2952 | AZ | 2012-06 | $15,481,201 |
2 | Trinity Credit Counseling Inc | 11229 Reading Rd, Cincinnati, OH 45241-2238 | OH | 1994-12 | $4,190,741 |
3 | Access Counseling Inc | 633 W 5th St Ste 26001, Los Angeles, CA 90071-2005 | CA | 2013-03 | $3,426,113 |
4 | National Budget Planners Of South Florida Inc | 6278 N Federal Hwy Ste 289, Fort Lauderdale, FL 33308-1916 | FL | 1999-02 | $3,209,932 |
5 | Share & Care House, Homeward Bound In Puyallup | Po Box 800, Puyallup, WA 98371 | WA | 2000-08 | $3,155,848 |
6 | Abacus Credit Counseling | 17337 Ventura Blvd Ste 226, Encino, CA 91316-3999 | CA | 2009-12 | $2,592,547 |
7 | American Credit Foundation Inc | 7720 S 700 E, Midvale, UT 84047-2852 | UT | 1999-11 | $2,185,799 |
8 | Quickcert | 6619 S 76th East Ave, Tulsa, OK 74133-1836 | OK | 2010-08 | $1,832,941 |
9 | Aaa Fair Credit Foundation | 230 W 200 S Ste 3104, Salt Lake Cty, UT 84101-3428 | UT | 1998-03 | $1,373,585 |
10 | Safeguard Credit Counseling Services Inc | 67 Fort Salonga Rd, Northport, NY 11768-2851 | NY | 1999-01 | $1,348,176 |
11 | Compass Finances God S Way Inc | PO BOX 2557, Sanford, FL 32772-2557 | FL | 2010-03 | $1,317,211 |
12 | Debt Free Foundation | 190 W 800 N 100, Brovo, UT 84601 | UT | 2002-08 | $355,666 |
13 | Cottages Of Hope Inc | 2724 Washington Blvd, Ogden, UT 84401-3677 | UT | 2008-06 | $250,473 |
14 | Money Campus Foundation, Money Campus | PO BOX 981495, Park City, UT 84098-1495 | UT | 2010-04 | $176,209 |
15 | Globous Financial Relief Inc | 1775 W 1500 S, Salt Lake Cty, UT 84104-3832 | UT | 2003-06 | $17,999 |
16 | Housing And Opportunity Throughpositive Empowerment, Hope | 2537 Vineyard Dr, Santa Clara, UT 84765-5435 | UT | 2008-06 | $13,127 |
17 | Smart Women Smart Money Inc | 310 So Main St Ste 100, Salt Lake City, UT 84101 | UT | 2005-01 | $10 |
18 | American Education Corporation | 292 E 3900 S Ste 1, Salt Lake Cty, UT 84107-1583 | UT | 2002-04 | $0 |
19 | Foundation For A Financially Aware Nation | 4529 S Leo Way, Salt Lake City, UT 84117 | UT | 2012-12 | $0 |
20 | Utah Payee Services Inc | 2246 University Park Blvd, Layton, UT 84041 | UT | 2009-08 | $0 |
Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Total | 1,240 |
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