Global Venture Inc.

990EZ • Fiscal year 2020 • EIN 56-1284058

Jan 01, 2020 to Dec 31, 2020 • Filed on Dec 22, 2021

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.

0.42x

Higher debt load relative to assets than 86% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

0.17x

Higher debt load relative to revenue than 82% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

-61%

Higher net margin than 11% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

$46,500

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 65.8% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

-63%

Faster asset growth than 6% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

-50%

Faster revenue growth than 22% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet

Liabilities / Assets86th percentile

Assets

Down

$28,768

Down $49,457 (-63%) from 2019

Net Assets

Down

$16,756

Down $42,896 (-72%) from 2019

Liabilities

Down

$12,012

Down $6,561 (-35%) from 2019

Revenue And Expenses

Liabilities / Revenue82nd percentile Net Margin11th percentile

Revenue

Down

$70,663

Down $72,025 (-50%) from 2019

Expenses

Down

$113,559

Down $76,672 (-40%) from 2019

Net Income

-$42,896

Up $4,647 (+9.8%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

Highlighted filing

2020

Assets$28,768

Liabilities$12,012

Net Assets$16,756

Open 2020 Filing

Operations Trend

Revenue Growth22nd percentile

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

Highlighted filing

2020

Revenue$70,663

Expenses$113,559

Net Income-$42,896

Open 2020 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2020 to Dec 31, 2020
Signed: Dec 22, 2021
Return Version: 2020v4.1
Gross Receipts: $70,663

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.	-	$112,845

Compensation and Service Providers

Top Officer Pay91st percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
SAM P CHELLADURAI	President	FT	$16,500	$30,000	$46,500
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: Beverly T Rayfield
Title: Sectreasurer
Phone: 3367887050
Signed: 2021-12-22
Discuss with paid preparer: Yes

Preparer

Firm: Crouch Joslyn Good Pllc
Address: 4505 COUNTRY CLUB RD SUITE 100, WINSTON SALEM, NC 27104
Preparer: Christopher G Good
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 613car lease 10,319bank fees 111radio and tv ministry 12,150vehicle repairs & maintenance 584missions to india 31,692depreciation 1,875”

Description of other assets Part II line 24

“Category beginning of year end of yearvehicles and furniture 27,790 25,915”

Description of total liabilities Part II line 26

“Category beginning of year end of yearvehicle loan 18,573 12,012”

Raw XML Appendix138 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	50435
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	2853
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	false
IRS990EZ/ContributionsGiftsGrantsEtcAmt	0	70663
IRS990EZ/DonorAdvisedFndsInd	0	false
IRS990EZ/EngagedInExcessBenefitTransInd	0	false
IRS990EZ/ExcessOrDeficitForYearAmt	0	-42896
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt	0	715
IRS990EZ/FiledScheduleAInd	0	true
IRS990EZ/ForeignFinancialAccountInd	0	false
IRS990EZ/ForeignOfficeInd	0	false
IRS990EZ/Form1120PolFiledInd	0	false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	78225
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	28768
IRS990EZ/GrossReceiptsAmt	0	70663
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	59652
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	16756
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	59652
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	16756
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	40.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	1	10.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	2	2.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	16500
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	30000
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	27790
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	25915
IRS990EZ/OtherExpensesTotalAmt	0	57344
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	SEE SCHEDULE O
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/ProgramServiceExpensesAmt	0	112845
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/SalariesOtherCompEmplBnftAmt	0	55500
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/SchoolOperatingInd	0	false
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	18573
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	12012
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	113559
IRS990EZ/TotalProgramServiceExpensesAmt	0	112845
IRS990EZ/TotalRevenueAmt	0	70663
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt	0	70663
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt	0	142688
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt	0	73037
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt	0	73537
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt	0	52050
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt	0	411975
IRS990ScheduleA/PublicOrganization170Ind	0	X
IRS990ScheduleA/PublicSupportCY170Pct	0	0.83800
IRS990ScheduleA/PublicSupportPY170Pct	0	0.85910
IRS990ScheduleA/PublicSupportTotal170Amt	0	345215
IRS990ScheduleA/SubstantialContributorsTotAmt	0	66760
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind	0	X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt	0	70663
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt	0	142688
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt	0	73037
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt	0	73537
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt	0	52050
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt	0	411975
IRS990ScheduleA/TotalSupportAmt	0	411975
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 613CAR LEASE 10,319BANK FEES 111RADIO AND TV MINISTRY 12,150VEHICLE REPAIRS & MAINTENANCE 584MISSIONS TO INDIA 31,692DEPRECIATION 1,875
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	CATEGORY BEGINNING OF YEAR END OF YEARVEHICLES AND FURNITURE 27,790 25,915
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	CATEGORY BEGINNING OF YEAR END OF YEARVEHICLE LOAN 18,573 12,012
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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd	0	AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd	0	IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd	0	00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd	0	0
ReturnHeader/BuildTS	0	2022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	BEVERLY T RAYFIELD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	SECTREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	3367887050
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2021-12-22
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/PreparerFirmGrp/PreparerFirmEIN	0	450473857
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	CROUCH JOSLYN GOOD PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	4505 COUNTRY CLUB RD SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	WINSTON SALEM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	27104
ReturnHeader/PreparerPersonGrp/PhoneNum	0	3367688000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	CHRISTOPHER G GOOD
ReturnHeader/ReturnTs	0	2021-12-22T14:30:27-05:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm	0	BEVERLY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm	0	RAYFIELD
ReturnHeader/TaxPeriodBeginDt	0	2020-01-01
ReturnHeader/TaxPeriodEndDt	0	2020-12-31
ReturnHeader/TaxYr	0	2020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $28,768
Liabilities: $12,012
Net assets: $16,756
Revenue: $70,663
Expenses: $113,559
Net income: -$42,896

	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
2020Detailed filing. Detailed filing data is available for this year.	$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