Global Venture Inc.

990EZ • Fiscal year 2019 • EIN 56-1284058

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 09, 2020

Organization Profile N/A

4205 Rayfield DriveWinston Salem, NC 27107

(336) 788-7050

Siviq Scores

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

0.24x

Higher debt load relative to assets than 85% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

0.13x

Higher debt load relative to revenue than 85% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

-33%

Higher net margin than 11% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

$76,050

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 53.3% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

-41%

Faster asset growth than 11% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

95%

Faster revenue growth than 92% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet

Liabilities / Assets85th percentile

Assets

Down

$78,225

Down $54,500 (-41%) from 2018

Net Assets

Down

$59,652

Down $47,543 (-44%) from 2018

Liabilities

Down

$18,573

Down $6,957 (-27%) from 2018

Revenue And Expenses

Liabilities / Revenue85th percentile Net Margin11th percentile

Revenue

$142,688

Up $69,651 (+95%) from 2018

Expenses

Down

$190,231

Down $2,490 (-1.3%) from 2018

Net Income

-$47,543

Up $72,141 (+60%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

Highlighted filing

2019

Assets$78,225

Liabilities$18,573

Net Assets$59,652

Open 2019 Filing

Operations Trend

Revenue Growth92nd percentile

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

Highlighted filing

2019

Revenue$142,688

Expenses$190,231

Net Income-$47,543

Open 2019 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2019 to Dec 31, 2019
Signed: Nov 9, 2020
Return Version: 2019v5.1
Gross Receipts: $142,688

Mission and Program Overview

Mission

SEE SCHEDULE O

Program Services

Description	Grants	Expenses
FUNDS USED IN INDIA FOR PREACHING AND TEACHING THE GOSPEL OF JESUS CHRIST, TO COVER EXPENSES OF CRUDSADES AND HELP FOR THE POOR AND NEEDY.	$142,688	$172,788

Compensation and Service Providers

Top Officer Pay97th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
SAM P CHELLADURAI	President	FT	$44,700	$31,350	$76,050
DON C RAYFIELD	Vice President	PT	$0	-	-
BEVERLY T RAYFIELD	Sectreas	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Global Venture Inc
EIN: 56-1284058
Address: 4205 RAYFIELD DRIVE, WINSTON SALEM, NC 27107

Signing Officer

Name: Sam Chelladurai
Title: President
Phone: 3367887050
Signed: 2020-11-09
Discuss with paid preparer: Yes

Preparer

Firm: Donald S Kinney CPA PC
Address: 3732 Vest Mill Rd, Winston Salem, NC 27103-2912
Preparer: Donald S Kinney
Phone: 3367688000

Supplemental Narrative

Additional Explanations

General explanation attachment

“Primary exempt purposechristian ministry of spreading the gospel of jesus christ nationally and internationally. The organization primarily evangelizes in the united states and india.”

Description of other expenses Part I line 16

“Description amountvehicle interest expense 788car lease 11,599bank fees 63radio and tv ministry 18,700travel 52,396depreciation 1,875vehicle repairs & maintenance 453vehicle tags and taxes 500”

Description of other assets Part II line 24

“Category beginning of year end of yearvehicles and furniture 29,665 27,790”

Description of total liabilities Part II line 26

“Category beginning of year end of yearvehicle loan 25,530 18,573”

Raw XML Appendix149 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path	#	Value
IRS990EZ/ActivitiesNotPreviouslyRptInd	0	false
IRS990EZ/BooksInCareOfDetail/PersonNm	0	BEVERLY T RAYFIELD
IRS990EZ/BooksInCareOfDetail/PhoneNum	0	3367887050
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt	0	4205 RAYFIELD DRIVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm	0	WINSTON SALEM
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd	0	27107
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	103060
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	50435
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	false
IRS990EZ/ContributionsGiftsGrantsEtcAmt	0	142688
IRS990EZ/DonorAdvisedFndsInd	0	false
IRS990EZ/EngagedInExcessBenefitTransInd	0	false
IRS990EZ/ExcessOrDeficitForYearAmt	0	-47543
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt	0	1890
IRS990EZ/FiledScheduleAInd	0	true
IRS990EZ/ForeignFinancialAccountInd	0	false
IRS990EZ/ForeignOfficeInd	0	false
IRS990EZ/Form1120PolFiledInd	0	false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	132725
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	78225
IRS990EZ/GrossReceiptsAmt	0	142688
IRS990EZ/InfoInScheduleOPartIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/LandAndBuildingsGrp/BOYAmt	0	0
IRS990EZ/LandAndBuildingsGrp/EOYAmt	0	0
IRS990EZ/LobbyingActivitiesInd	0	false
IRS990EZ/MadeLoansToFromOfficersInd	0	false
IRS990EZ/MethodOfAccountingCashInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	107195
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	59652
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	107195
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	59652
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	40.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	1	10.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	2	2.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	44700
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	0	31350
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	SAM P CHELLADURAI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	DON C RAYFIELD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	2	BEVERLY T RAYFIELD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	2	SECTREAS
IRS990EZ/OperateHospitalInd	0	false
IRS990EZ/Organization501c3Ind	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	false
IRS990EZ/OrganizationHadUBIInd	0	false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	29665
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	27790
IRS990EZ/OtherExpensesTotalAmt	0	86374
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	SEE SCHEDULE O
IRS990EZ/PrintingPublicationsPostageAmt	0	276
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	FUNDS USED IN INDIA FOR PREACHING AND TEACHING THE GOSPEL OF JESUS CHRIST, TO COVER EXPENSES OF CRUDSADES AND HELP FOR THE POOR AND NEEDY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt	0	142688
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	172788
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/SalariesOtherCompEmplBnftAmt	0	101691
IRS990EZ/SchoolOperatingInd	0	false
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	25530
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	18573
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	190231
IRS990EZ/TotalProgramServiceExpensesAmt	0	172788
IRS990EZ/TotalRevenueAmt	0	142688
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt	0	142688
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt	0	73037
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt	0	73537
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt	0	52050
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt	0	2567843
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt	0	2909155
IRS990ScheduleA/PublicOrganization170Ind	0	X
IRS990ScheduleA/PublicSupportCY170Pct	0	0.85910
IRS990ScheduleA/PublicSupportPY170Pct	0	0.85580
IRS990ScheduleA/PublicSupportTotal170Amt	0	2499338
IRS990ScheduleA/SubstantialContributorsTotAmt	0	409817
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind	0	X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt	0	142688
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt	0	73037
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt	0	73537
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt	0	52050
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt	0	2567843
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt	0	2909155
IRS990ScheduleA/TotalSupportAmt	0	2909155
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode	0	RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt	0	RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	PRIMARY EXEMPT PURPOSECHRISTIAN MINISTRY OF SPREADING THE GOSPEL OF JESUS CHRIST NATIONALLY AND INTERNATIONALLY. THE ORGANIZATION PRIMARILY EVANGELIZES IN THE UNITED STATES AND INDIA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	DESCRIPTION AMOUNTVEHICLE INTEREST EXPENSE 788CAR LEASE 11,599BANK FEES 63RADIO AND TV MINISTRY 18,700TRAVEL 52,396DEPRECIATION 1,875VEHICLE REPAIRS & MAINTENANCE 453VEHICLE TAGS AND TAXES 500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	CATEGORY BEGINNING OF YEAR END OF YEARVEHICLES AND FURNITURE 29,665 27,790
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	CATEGORY BEGINNING OF YEAR END OF YEARVEHICLE LOAN 25,530 18,573
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	General explanation attachment
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	Description of total liabilities Part II line 26
ReturnHeader/BuildTS	0	2021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	SAM CHELLADURAI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	3367887050
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2020-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	GLOBAL VENTURE INC
ReturnHeader/Filer/BusinessNameControlTxt	0	GLOB
ReturnHeader/Filer/EIN	0	561284058
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	4205 RAYFIELD DRIVE
ReturnHeader/Filer/USAddress/CityNm	0	WINSTON SALEM
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	NC
ReturnHeader/Filer/USAddress/ZIPCd	0	27107
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId	0	9955C351799989EA17327A6CF22CADC68EEF2321
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId	0	9955C351799989EA17327A6CF22CADC68EEF2321
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId	0	6190322020314i1i3t5y
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt	0	2020-11-09
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd	0	P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt	0	70.61.115.98
ReturnHeader/FilingSecurityInformation/IPDt	0	2020-11-09
ReturnHeader/FilingSecurityInformation/IPTm	0	16:29:21
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	263516610
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	Donald S Kinney CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	3732 Vest Mill Rd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	Winston Salem
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	271032912
ReturnHeader/PreparerPersonGrp/PhoneNum	0	3367688000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	DONALD S KINNEY
ReturnHeader/ReturnTs	0	2020-11-09T16:28:12-05:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2019-01-01
ReturnHeader/TaxPeriodEndDt	0	2019-12-31
ReturnHeader/TaxYr	0	2019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $78,225
Liabilities: $18,573
Net assets: $59,652
Revenue: $142,688
Expenses: $190,231
Net income: -$47,543

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$0.05	$0.00	$0.05	$0.19	$0.14	$0.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.01	$0.00	$0.01	$0.10	$0.12	$0.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.03	$0.00	$0.03	$0.09	$0.08	$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.03	$0.00	$0.03	$0.10	$0.09	$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.03	$0.01	$0.02	$0.07	$0.11	$0.04
2019Detailed filing. Detailed filing data is available for this year.	$0.08	$0.02	$0.06	$0.14	$0.19	$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.13	$0.03	$0.11	$0.07	$0.19	$0.12
2017Detailed filing. Detailed filing data is available for this year.	$0.26	$0.03	$0.23	$0.07	$1.56	$1.49
2016Detailed filing. Detailed filing data is available for this year.	$1.75	$0.03	$1.72	$0.05	$0.80	$0.75
2015Detailed filing. Detailed filing data is available for this year.	$2.51	$0.04	$2.47	$2.57	$0.10	$2.46
2014Summary only. Only limited summary data is available for this year.	$0.00	$0.00		$0.08	$0.10	$0.02
2013Summary only. Only limited summary data is available for this year.	$0.02	$0.00		$0.14	$0.12	$0.02
2012Summary only. Only limited summary data is available for this year.	$0.00	$0.00		$0.05	$0.06	$0.00
2011Summary only. Only limited summary data is available for this year.	$0.00	$0.00		$0.08	$0.08	$0.00