GLOBAL MINIMUM INC

EIN: 300523914 501(c)(3) Education

NEW YORK, NY

Total Revenue
$355,810
Total Expenses
$383,468
Total Assets
$368,575
Net Assets
$353,510
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
NJ
Principal Officer
ASHLEY KEGAN
Phone
2823270951
Tax Period
2019-01-01 to 2019-12-31

GLOBAL MINIMUM INC, founded in 2008, is a small nonprofit in the Education sector that reported $356K in total revenue in fiscal year 2019.

Mission

TO ENCOURAGE YOUNG INNOVATORS AND LEADERS IN AFRICA TO ENGAGE WITH CRITICAL THINKING SKILLS AND HANDS-ON LEARNING PROGRAMS TO TACKLE CHALLENGES AFFECTING THEIR COMMUNITIES; TO ENABLE TOOLS, SAFE SPACES, WORKSHOPS, MENTORSHIP, RESOURCES AND NETWORK.

Program Service Accomplishments

Program 1
Expenses: $93,497

INCHALLENGE KENYA: INCHALLENGE PROGRAM IS A NATIONAL INVENTION CHALLENGE. THE INCHALLENGE PROGRAM ELICITS PROJECT PROPOSALS FROM YOUTH AROUND THE COUNTRY AND OFFERS DESIGN WORKSHOPS, SEED FUNDING AND...

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INCHALLENGE KENYA: INCHALLENGE PROGRAM IS A NATIONAL INVENTION CHALLENGE. THE INCHALLENGE PROGRAM ELICITS PROJECT PROPOSALS FROM YOUTH AROUND THE COUNTRY AND OFFERS DESIGN WORKSHOPS, SEED FUNDING AND MENTORSHIP TO SELECT FINALISTS IN ORDER FOR THEM TO DEVELOP THEIR CONCEPTUAL PROJECTS INTO TANGIBLE SOLUTIONS THAT POSITIVELY AFFECT THEIR COMMUNITY. THE INCHALLENGE PROGRAM ENHANCES CRITICAL AND CREATIVE THINKING, PROMOTES CIVIC ENGAGEMENT, STRENGTHENS STEM LITERACIES AND DEVELOPS ENTREPRENEURSHIP AND LEADERSHIP SKILLS.INLABS KENYA: INLAB PROGRAM IS A TEN WEEK AFTER SCHOOL PROGRAM THAT PROVIDES YOUTH IN SELECT PARTNER SCHOOLS WITH THE OPPORTUNITY TO LEARN PROBLEM SOLVING SKILLS, COLLABORATION AND CREATIVE THINKING THROUGH INTEREST-DRIVEN CURRICULUM. IN COLLABORATION WITH EDUCATORS, THE INLAB PROGRAM INTRODUCES TOPICS AND SKILLS BEYOND WHAT IS TAUGHT IN SCHOOLS SUCH AS ELECTRONICS AND PROGRAMMING. INLAB PROGRAM AIMS TO FOSTER ENTREPRENEURIAL AND CREATIVE CAPACITIES IN YOUTH, ULTIMATELY PROMOTING A SPIRIT OF INNOVATION.

Program 2
Expenses: $10,834

INCHALLENGE- SIERRA LEONE: INCHALLENGE PROGRAM IS A NATIONAL INVENTION CHALLENGE. SEE ABOVE FOR INCHALLENGE PROGRAM DESCRIPTION.

Program 3
Expenses: $75,668

OTHER PROGRAM RELATED DUTIES AND ACTIVITIES CARRIED OUT BY EXECUTIVE DIRECTOR IN THE UNITED STATES INCLUDED PROGRAM DESIGN, PROGRAM DEVELOPMENT AND PROGRAM DEPLOYMENT TO FULFILL GMIN'S MISSION OR...

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OTHER PROGRAM RELATED DUTIES AND ACTIVITIES CARRIED OUT BY EXECUTIVE DIRECTOR IN THE UNITED STATES INCLUDED PROGRAM DESIGN, PROGRAM DEVELOPMENT AND PROGRAM DEPLOYMENT TO FULFILL GMIN'S MISSION OR PURPOSE.

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Trantor Score

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

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $355,810
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $355,810

Expense Breakdown

Grants Paid $5,390
Salaries & Benefits $154,413
Fundraising Expenses $53,635
Program Expenses $179,999
Other Expenses $209,402
TOTAL EXPENSES $383,468

Year-over-Year Comparison

2019 2018 Change
Revenue $355,810 $335,463 +0.1%
Expenses $383,468 $407,748 -0.1%
Net Income $-27,658 $-72,285 -0.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
6
Independent Members
5
Employees
1
Volunteers
40

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
4
$81,250
Total Directors
6
$81,250
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ASHLEY KEGAN BOARD CHAIR 2.50
Officer Director
$0 $0 $0
JOYCE KABAYADONDO BOARD SECRETARY 1.00
Officer Director
$0 $0 $0
SUNAND BHATTACHARYA BOARD MEMBER 0.75
Director
$0 $0 $0
MIKE WILLIS BOARD TREASURER 3.00
Officer Director
$0 $0 $0
ROY OMBATTI BOARD MEMBER 0.50
Director
$0 $0 $0
LOLA ALERU EXECUTIVE DIRECTOR 45.00
Officer Director
$81,250 $0 $81,250
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
2019 $355,810 $383,468 $368,575 $-27,658
2018 $335,463 $407,748 $427,822 $-72,285
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