GLOBAL EDUCATION FOUNDATION

EIN: 862538751 501(c)(3) Education

SCOTTSDALE, AZ

Total Revenue
$366,455
Total Expenses
$458,704
Total Assets
$360,473
Net Assets
$-46,844
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
AZ
Principal Officer
HOLGER LOHSE
Phone
4804917900
Tax Period
2023-01-01 to 2023-12-31

GLOBAL EDUCATION FOUNDATION, founded in 2021, is a small nonprofit in the Education sector that reported $366K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $459K exceeded revenue, resulting in a 25% operating deficit.

Mission

THE PURPOSE OF THE FOUNDATION IS TO PROVIDE HIGHER EDUCATION OPPORTUNITIES FOR BEAUTY AND WELLNESS PROFESSIONALS ALLOWING THEM TO BECOME WELL-ROUNDED INDIVIDUALS AND ENJOY LONG-TERM, SUCCESSFUL CAREERS IN THE BEAUTY AND WELLNESS INDUSTRY. THE FOUNDATION INTENDS TO PARTNER WITH LEADING ACADEMIC INSTITUTIONS IN THE CREATION AND DEVELOPMENT OF A HIGHER EDUCATION PROGRAM FOR BEAUTY PROFESSIONALS, DESIGN THE EDUCATIONAL PROGRAM THAT WILL LEAD TO AN INTERDISCIPLINARY ASSOCIATE IN APPLIED SCIENCE AND/OR BACHELOR OF APPLIED SCIENCE DEGREE, AND PROVIDE RESOURCES THROUGH SCHOLARSHIPS AND OTHER FINANCIAL AID TO STUDENTS IN THE COSMETOLOGY FIELD AND OTHERS INTERESTED IN THE BEAUTY AND WELLNESS PROFESSION. THE FOUNDATION ALSO SUPPORT STUDENTS IN PREPARATION FOR THE HIGHER EDUCATION PATHWAY.

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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 $362,080
Program Service Revenue $0
Investment Income $4,375
Other Revenue $0
TOTAL REVENUE $366,455

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $336,170
Other Expenses $458,704
TOTAL EXPENSES $458,704

Year-over-Year Comparison

2023 2022 Change
Revenue $366,455 $322,340 +0.1%
Expenses $458,704 $275,228 +0.7%
Net Income $-92,249 $47,112 -3.0%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
2
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
1
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HOLGER LOHSE OFFICER 0.00
Officer Director
$0 $0 $0
FRANCIS TESMER DIRECTOR 0.00
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 $366,455 $458,704 $360,473 $-92,249
2022 $322,340 $275,228 $512,478 $47,112
2021 $226,600 $228,307 $209,392 $-1,707
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