Global Renewal Inc

EIN: 272190573 501(c)(3) Human Services

Frisco, TX

Total Revenue
$426,132
Total Expenses
$479,189
Total Assets
$739,648
Net Assets
$734,097
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
TX
Principal Officer
David Chacko
Phone
4696840477
Tax Period
2023-01-01 to 2023-12-31

Global Renewal Inc, founded in 2010, is a small nonprofit in the Human Services sector that reported $426K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $479K exceeded revenue, resulting in a 12% operating deficit.

Mission

Global Renewal exists to 1 train nationals to become leaders who through word and deed transform and impact societies, 2 to assist child survivors of abuse and trafficking by providing an environment of hope and restoration in safehouses, and 3 to offer basic human needs through Community Outreach Programs in under-privileged communities.

Program Service Accomplishments

Program 1
Expenses: $220,170

Cambodia The nation of Cambodia is known as a source, transit, and destination country for child trafficking and the home of our first safe house for girls. Today, Global Renewal operates two safe...

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Cambodia The nation of Cambodia is known as a source, transit, and destination country for child trafficking and the home of our first safe house for girls. Today, Global Renewal operates two safe houses for children boys and girls in Cambodia along with leadership training institutes, online educational programs, school sponsorships for children living in impoverished areas, and community outreach and feeding programs to address the nationwide challenges of extreme poverty and lack of economic opportunities for its people.

Program 2
Expenses: $17,680

Vietnam Our focus in the nation of Vietnam is centered around leadership training, community outreach, and humanitarian efforts in times of natural disasters. During the global pandemic caused by...

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Vietnam Our focus in the nation of Vietnam is centered around leadership training, community outreach, and humanitarian efforts in times of natural disasters. During the global pandemic caused by Covid-19, Global Renewal was able to provide care kits for over 25,000 people without access to food, water, or medical supplies. Today, Global Renewal is in the process of establishing an anti-trafficking program and a safe house for child victims of trafficking and abuse while continuing to train community leaders on how to prevent and detect various forms of trafficking in their respective districts.

Program 3
Expenses: $55,320

Indonesia In the nation of Indonesia, Global Renewal is focused on anti-trafficking efforts and leadership training. We work with various communities and government connections to aid in the rescue...

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Indonesia In the nation of Indonesia, Global Renewal is focused on anti-trafficking efforts and leadership training. We work with various communities and government connections to aid in the rescue and restoration of children caught in slavery and abuse, the management of a safe house for young girls, the start of a safe house for young boys, community leadership training, online educational programs, and school sponsorships. We provide community outreach and care for an adopted brothel village through an educational center for children, community groups for parents, and feeding programs for families experiencing hardship.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $478,638
Program Service Revenue $0
Investment Income $59
Other Revenue $-52,565
TOTAL REVENUE $426,132

Expense Breakdown

Grants Paid $0
Salaries & Benefits $95,558
Fundraising Expenses $46,878
Program Expenses $371,928
Other Expenses $383,631
TOTAL EXPENSES $479,189

Year-over-Year Comparison

2023 2022 Change
Revenue $426,132 $650,244 -0.3%
Expenses $479,189 $438,362 +0.1%
Net Income $-53,057 $211,882 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
7
Employees
2
Volunteers
60

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$85,225
Total Directors
10
$85,225
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Chacko President 050.00
Officer Director
$48,600 $0 $48,600
Liney Chacko Vice President/Secretary 050.00
Officer Director
$36,625 $0 $36,625
Kyle Coe Treasurer 005.00
Officer Director
$0 $0 $0
Gordon Banks Board Member 001.00
Director
$0 $0 $0
Derozette Banks Board Member 000.10
Director
$0 $0 $0
George Samuel Board Member 000.30
Director
$0 $0 $0
Ryan Tripode Board Member 001.10
Director
$0 $0 $0
Jenniefer Tripode Board Member 001.50
Director
$0 $0 $0
Bill Price Board Member 000.30
Director
$0 $0 $0
Kathy Price Board Member 000.30
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $426,132 $479,189 $739,648 $-53,057
2022 $650,244 $438,362 $804,014 $211,882
2021 $565,317 $346,684 $582,728 $218,633
2020 $337,128 $283,258 $358,495 $53,870
2019 $292,746 $322,019 $305,218 $-29,273
2018 $305,154 $277,915 $333,952 $27,239
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