Civic Intelligence

Global Spectrum Foundation Inc.

990 • Fiscal year 2018 • EIN 42-1552157

Jan 01, 2018 to Dec 31, 2018 • Filed on May 07, 2020

591 North Main StreetAlpharetta, GA 30009

(786) 953-9192

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

80th percentile

0.48x

Higher debt load relative to assets than 80% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

93rd percentile

3.03x

Higher debt load relative to revenue than 93% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

52nd percentile

3.8%

Higher net margin than 52% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

36th percentile

-2.2%

Faster asset growth than 36% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

17th percentile

-15%

Faster revenue growth than 17% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$2,124,690

Down $47,653 (-2.2%) from 2017

Net Assets

Up

$1,112,315

Up $12,832 (+1.2%) from 2017

Liabilities

Down

$1,012,375

Down $60,485 (-5.6%) from 2017

Revenue

Down

$333,974

Down $57,885 (-15%) from 2017

Expenses

Down

$321,142

Down $19,154 (-5.6%) from 2017

Net Income

Down

$12,832

Down $38,731 (-75%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $36,718Liabilities 2010: $118,964Net Assets 2010: -$82,2462010Assets 2011: $71,207Liabilities 2011: $105,289Net Assets 2011: -$34,0822011Assets 2012: $35,785Liabilities 2012: $80,036Net Assets 2012: -$44,2512012Assets 2013: $1,561,323Liabilities 2013: $791,648Net Assets 2013: $769,6752013Assets 2014: $2,302,380Liabilities 2014: $1,334,218Net Assets 2014: $968,1622014Assets 2015: $2,338,390Liabilities 2015: $1,331,347Net Assets 2015: $1,007,0432015Assets 2016: $2,205,659Liabilities 2016: $1,157,739Net Assets 2016: $1,047,9202016Assets 2017: $2,172,343Liabilities 2017: $1,072,860Net Assets 2017: $1,099,4832017Assets 2018: $2,124,690Liabilities 2018: $1,012,375Net Assets 2018: $1,112,3152018Assets 2019: $2,184,529Liabilities 2019: $899,789Net Assets 2019: $1,284,7402019Assets 2021: $2,262,129Liabilities 2021: $926,395Net Assets 2021: $1,335,7342021Assets 2022: $2,308,479Liabilities 2022: $910,000Net Assets 2022: $1,398,4792022Assets 2023: $2,338,795Liabilities 2023: $855,366Net Assets 2023: $1,483,4292023Assets 2024: $1,979,104Liabilities 2024: $441,594Net Assets 2024: $1,537,5102024

Highlighted filing

2018

Assets$2,124,690
Liabilities$1,012,375
Net Assets$1,112,315

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0Expenses 2010: $479,2442010Expenses 2011: $414,3182011Expenses 2012: $727,1372012Revenue 2013: $1,585,341Expenses 2013: $771,415Net Income 2013: $813,9262013Revenue 2014: $736,432Expenses 2014: $563,983Net Income 2014: $172,4492014Revenue 2015: $643,061Expenses 2015: $604,180Net Income 2015: $38,8812015Revenue 2016: $539,778Expenses 2016: $490,851Net Income 2016: $48,9272016Revenue 2017: $391,859Expenses 2017: $340,296Net Income 2017: $51,5632017Revenue 2018: $333,974Expenses 2018: $321,142Net Income 2018: $12,8322018Revenue 2019: $395,057Expenses 2019: $222,632Net Income 2019: $172,4252019Revenue 2021: $162,074Expenses 2021: $143,498Net Income 2021: $18,5762021Revenue 2022: $346,052Expenses 2022: $283,307Net Income 2022: $62,7452022Revenue 2023: $455,174Expenses 2023: $370,224Net Income 2023: $84,9502023Revenue 2024: $726,463Expenses 2024: $672,382Net Income 2024: $54,0812024

Highlighted filing

2018

Revenue$333,974
Expenses$321,142
Net Income$12,832
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 7, 2020
Return Version
2018v3.3
Gross Receipts
$333,974
Mission and Program Overview

Mission

SEE STATEMENT

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,123,634$2,085,683▼ $37,951
Cash and Non-Interest-Bearing Accounts$44,509$34,807▼ $9,702
Intangible Assets$4,200$4,200→ $0
Total Assets$2,172,343$2,124,690▼ $47,653
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,051,794$996,077▼ $55,717
Accounts Payable and Accrued Expenses$16,650$14,410▼ $2,240
Other Liabilities$4,416$1,888▼ $2,528
Total Liabilities$1,072,860$1,012,375▼ $60,485
Net Assets / Fund Balance
Unrestricted Net Assets$1,099,483$1,112,315▲ $12,832
Total Net Assets Fund Balance$1,099,483$1,112,315▲ $12,832
Total Liabilities and Net Assets / Fund Balance$2,172,343$2,124,690▼ $47,653

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,653,447$249,333$1,902,780
Land$432,236-$432,236
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ahmed Vehbi UgurPresident
Altan KalayciVice President
Basar AygunSecretary
Abdul Y BagciTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$269,906
Program Service Revenue
$31,968
Investment Income
$0
Other Revenue
$32,100
All Other Contributions
$269,906
Change in Net Assets
$12,832
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$176,657
Other Expenses$144,485
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$164,089
Interest---$63,265
Occupancy---$17,247
Payroll Taxes---$12,568
Insurance---$5,665
Office Expenses---$4,751
Other Expenses---$4,442
All Other Expenses---$2,672
Fees for Services Accounting---$2,223
Fees for Services Legal---$1,460
Advertising---$190
Total Functional Expenses$0$0$0$321,142
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$1,888
Payroll Liability-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B

Form 990 - organizations mission or most significant activities proactively contributing to solving educational, cultural, environmental, social and humanitarian issues contributing to world peach by showcasing. The turkish experience of the art of living together via respect, acceptance, dialogue, love, richness of faith and culture over centuries of time becoming the premier representative organization of the turkish culture by disseminating knowledge of the language, history, culture, education, and social life of turkiye in the southeastern united states creating opportunities for dialogue between communities and individual to build bridges between cultures and providing assistance to turkish people in order to help them integrate into the local society. Form 990 - organizations mission proactively contributing to solving educational, cultural, environmental, social and humanitarian issues contributing to world peach by showcasing the turkish experience of the art of living together via respect, acceptance, dialogue, love, richness of faith and culture over centuries of time becoming the premier representative organization of the turkish culture by disseminating knowledge of the language, history, culture, education, and social life of turkiye in the southeastern united states creating opportunities for dialogue between communities and individual to build bridges between cultures and providing assistance to turkish people in order to help them integrate into the local society.

Form 990, Part VI, Line 12C

Form 990, part vi, line 11b - organizations process to review form 990 information is submitted by the organizations bookkeeper to an independent cpa for preparation. The treasurer presents the 990 return to the board for review and after the 990 has been approved by the board, it is then signed and submitted to the appropriate taxing authorities. Form 990, part vi, line 12c - enforcement of conflicts policy persons covered by this policy will annually disclose or update to the chairman of the board of directors on a form provided by the organization their interests that could give rise to conflicts of interest, such as a list of family members, substantial business or investment holdings, and other transactions or affiliations with businesses and other organizations or those of family members. For each interest disclosed to the chariman of the board of directors, the chairman will determine whether to a take no action b assure full disclosure to the board of directors and other individuals covered by the policy c ask the person to recluse from participation in related discussions or decisions within the organization or d ask the person to resign from his or her position in the organization or, if the person refuses to resign, becom subject to possible removal in accordance with the organizations removal procedures. The organizations chief employed executive and chief employed finance executive will monitor proposed or ongoing transactions for conflicts of interest and disclose them to the chairman of the board of directors in order to deal with potential or actual conflicts, whether discovered before or after the transaction has occurred.

Filing and Contact Details

Filer

Filer Name
Global Spectrum Foundation Inc
EIN
42-1552157
Phone
7869539192
Address
591 NORTH MAIN STREET, Alpharetta, GA 30009

Signing Officer

Name
Abdul Y Bagci
Title
President
Signed
2020-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Abdul Y Bagci
Formed
2002
Legal Domicile
Ga
Voting Board Members
4
Independent Board Members
4
Employees
4
Volunteers
325

Preparer

Firm
Hisham Elias CPA
Address
3320-C NORTHCREST RD, ATLANTA, GA 30340
Preparer
Hisham Elias
Phone
4046639445
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 - ORGANIZATIONS MISSION OR MOST SIGNIFICANT ACTIVITIES PROACTIVELY CONTRIBUTING TO SOLVING EDUCATIONAL, CULTURAL, ENVIRONMENTAL, SOCIAL AND HUMANITARIAN ISSUES CONTRIBUTING TO WORLD PEACH BY SHOWCASING. THE TURKISH EXPERIENCE OF THE ART OF LIVING TOGETHER VIA RESPECT, ACCEPTANCE, DIALOGUE, LOVE, RICHNESS OF FAITH AND CULTURE OVER CENTURIES OF TIME BECOMING THE PREMIER REPRESENTATIVE ORGANIZATION OF THE TURKISH CULTURE BY DISSEMINATING KNOWLEDGE OF THE LANGUAGE, HISTORY, CULTURE, EDUCATION, AND SOCIAL LIFE OF TURKIYE IN THE SOUTHEASTERN UNITED STATES CREATING OPPORTUNITIES FOR DIALOGUE BETWEEN COMMUNITIES AND INDIVIDUAL TO BUILD BRIDGES BETWEEN CULTURES AND PROVIDING ASSISTANCE TO TURKISH PEOPLE IN ORDER TO HELP THEM INTEGRATE INTO THE LOCAL SOCIETY. FORM 990 - ORGANIZATIONS MISSION PROACTIVELY CONTRIBUTING TO SOLVING EDUCATIONAL, CULTURAL, ENVIRONMENTAL, SOCIAL AND HUMANITARIAN ISSUES CONTRIBUTING TO WORLD PEACH BY SHOWCASING THE TURKISH EXPERIENCE OF THE ART OF LIVING TOGETHER VIA RESPECT, ACCEPTANCE, DIALOGUE, LOVE, RICHNESS OF FAITH AND CULTURE OVER CENTURIES OF TIME BECOMING THE PREMIER REPRESENTATIVE ORGANIZATION OF THE TURKISH CULTURE BY DISSEMINATING KNOWLEDGE OF THE LANGUAGE, HISTORY, CULTURE, EDUCATION, AND SOCIAL LIFE OF TURKIYE IN THE SOUTHEASTERN UNITED STATES CREATING OPPORTUNITIES FOR DIALOGUE BETWEEN COMMUNITIES AND INDIVIDUAL TO BUILD BRIDGES BETWEEN CULTURES AND PROVIDING ASSISTANCE TO TURKISH PEOPLE IN ORDER TO HELP THEM INTEGRATE INTO THE LOCAL SOCIETY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990, PART VI, LINE 11B - ORGANIZATIONS PROCESS TO REVIEW FORM 990 INFORMATION IS SUBMITTED BY THE ORGANIZATIONS BOOKKEEPER TO AN INDEPENDENT CPA FOR PREPARATION. THE TREASURER PRESENTS THE 990 RETURN TO THE BOARD FOR REVIEW AND AFTER THE 990 HAS BEEN APPROVED BY THE BOARD, IT IS THEN SIGNED AND SUBMITTED TO THE APPROPRIATE TAXING AUTHORITIES. FORM 990, PART VI, LINE 12C - ENFORCEMENT OF CONFLICTS POLICY PERSONS COVERED BY THIS POLICY WILL ANNUALLY DISCLOSE OR UPDATE TO THE CHAIRMAN OF THE BOARD OF DIRECTORS ON A FORM PROVIDED BY THE ORGANIZATION THEIR INTERESTS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST, SUCH AS A LIST OF FAMILY MEMBERS, SUBSTANTIAL BUSINESS OR INVESTMENT HOLDINGS, AND OTHER TRANSACTIONS OR AFFILIATIONS WITH BUSINESSES AND OTHER ORGANIZATIONS OR THOSE OF FAMILY MEMBERS. FOR EACH INTEREST DISCLOSED TO THE CHARIMAN OF THE BOARD OF DIRECTORS, THE CHAIRMAN WILL DETERMINE WHETHER TO A TAKE NO ACTION B ASSURE FULL DISCLOSURE TO THE BOARD OF DIRECTORS AND OTHER INDIVIDUALS COVERED BY THE POLICY C ASK THE PERSON TO RECLUSE FROM PARTICIPATION IN RELATED DISCUSSIONS OR DECISIONS WITHIN THE ORGANIZATION OR D ASK THE PERSON TO RESIGN FROM HIS OR HER POSITION IN THE ORGANIZATION OR, IF THE PERSON REFUSES TO RESIGN, BECOM SUBJECT TO POSSIBLE REMOVAL IN ACCORDANCE WITH THE ORGANIZATIONS REMOVAL PROCEDURES. THE ORGANIZATIONS CHIEF EMPLOYED EXECUTIVE AND CHIEF EMPLOYED FINANCE EXECUTIVE WILL MONITOR PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST AND DISCLOSE THEM TO THE CHAIRMAN OF THE BOARD OF DIRECTORS IN ORDER TO DEAL WITH POTENTIAL OR ACTUAL CONFLICTS, WHETHER DISCOVERED BEFORE OR AFTER THE TRANSACTION HAS OCCURRED.
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ReturnHeader/FilingSecurityInformation/IPTm017:36:47
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ReturnHeader/PreparerPersonGrp/PreparationDt02020-05-07
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ReturnHeader/ReturnTs02020-05-07T11:26:20-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.98$0.44$1.54$0.73$0.67$0.05
2023Detailed filing. Detailed filing data is available for this year.$2.34$0.86$1.48$0.46$0.37$0.08
2022Detailed filing. Detailed filing data is available for this year.$2.31$0.91$1.40$0.35$0.28$0.06
2021Detailed filing. Detailed filing data is available for this year.$2.26$0.93$1.34$0.16$0.14$0.02
2019Detailed filing. Detailed filing data is available for this year.$2.18$0.90$1.28$0.40$0.22$0.17
2018Detailed filing. Detailed filing data is available for this year.$2.12$1.01$1.11$0.33$0.32$0.01
2017Detailed filing. Detailed filing data is available for this year.$2.17$1.07$1.10$0.39$0.34$0.05
2016Summary only. Only limited summary data is available for this year.$2.21$1.16$1.05$0.54$0.49$0.05
2015Detailed filing. Detailed filing data is available for this year.$2.34$1.33$1.01$0.64$0.60$0.04
2014Detailed filing. Detailed filing data is available for this year.$2.30$1.33$0.97$0.74$0.56$0.17
2013Detailed filing. Detailed filing data is available for this year.$1.56$0.79$0.77$1.59$0.77$0.81
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.04$0.08$0.04$0.73
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.11$0.03$0.41
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.04$0.12$0.08$0.48
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)3 • $1M-$5M nonprofits