Civic Intelligence

Global Minds Initiative Inc

EIN 81-4787709 • 501(c)3 • Pittsburgh, PA

Profile

Global minds initiative is a for-youth, by-youth organization created to combat the issues of cultural intolerance and discrimination through an after school tutoring program between english-as-a-second-language (esl) and native english speaking (nes) students.global minds initiative serves as an educational support system for esl students, while educating nes students about other cultures, in order to create more globally minded young leaders.

2640 Bny Mellon Ctr 500 Grant StPittsburgh, PA 15219

www.globalminds.world

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

71st percentile

0.03x

Higher debt load relative to assets than 71% of similar nonprofits.

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

Liabilities / Revenue

75th percentile

0.03x

Higher debt load relative to revenue than 75% of similar nonprofits.

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

Net Margin

86th percentile

40%

Higher net margin than 86% of similar nonprofits.

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

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

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

Asset Growth

87th percentile

58%

Faster asset growth than 87% of similar nonprofits.

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

Revenue Growth

25th percentile

-33%

Faster revenue growth than 25% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$267,503

Up $98,153 (+58%) from 2019

Liabilities

Up

$7,158

Up $1,454 (+25%) from 2019

Net Assets

Up

$260,345

Up $96,699 (+59%) from 2019

Operations
Liabilities / Revenue75th percentileNet Margin86th percentile

Revenue

Down

$241,286

Down $121,405 (-33%) from 2019

Expenses

Down

$144,587

Down $62,147 (-30%) from 2019

Net Income

Down

$96,699

Down $59,258 (-38%) from 2019

Trend Graphs

Balance Sheet Trend

Asset Growth87th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2018: $126,580Liabilities 2018: $118,891Net Assets 2018: $7,6892018Assets 2019: $169,350Liabilities 2019: $5,704Net Assets 2019: $163,6462019Assets 2020: $267,503Liabilities 2020: $7,158Net Assets 2020: $260,3452020

Highlighted filing

2020

Assets$267,503
Liabilities$7,158
Net Assets$260,345
Open 2020 Filing

Operations Trend

Revenue Growth25th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0Revenue 2018: $53,730Expenses 2018: $46,041Net Income 2018: $7,6892018Revenue 2019: $362,691Expenses 2019: $206,734Net Income 2019: $155,9572019Revenue 2020: $241,286Expenses 2020: $144,587Net Income 2020: $96,6992020

Highlighted filing

2020

Revenue$241,286
Expenses$144,587
Net Income$96,699
Open 2020 Filing

Filings

Most recent year

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

Open filing
Assets
$267,503
Liabilities
$7,158
Net assets
$260,345
Revenue
$241,286
Expenses
$144,587
Net income
$96,699
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$2.68$0.07$2.60$2.41$1.45$0.97
2019Detailed filing. Detailed filing data is available for this year.$1.69$0.06$1.64$3.63$2.07$1.56
2018Detailed filing. Detailed filing data is available for this year.$1.27$1.19$0.08$0.54$0.46$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Feb 25, 2021
Return Version
2019v5.2
Gross Receipts
$241,286
Mission and Program Overview

Mission

Global minds is a for youth by youth organization that inspires students to form social bonds, intercultural friendships, and to consider global issues through youth led extracurricular activities.

Global minds initiative is a for-youth, by-youth organization that inspires students to form social bonds, intellectual frirendships, and to consider global issues through youth led extracurricular activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$169,350$222,093▲ $52,743
Pledges and Grants Receivable-$45,410-
Total Assets$169,350$267,503▲ $98,153
Liabilities
Accounts Payable and Accrued Expenses$5,704$7,158▲ $1,454
Total Liabilities$5,704$7,158▲ $1,454
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$163,646$260,345▲ $96,699
Total Net Assets Fund Balance$163,646$260,345▲ $96,699
Total Liabilities and Net Assets / Fund Balance$169,350$267,503▲ $98,153
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Alicia HandyDirector
Betty CruzDirector
Gisele FettermanDirector
Jasmine HuffDirector
Jenna BaronDirector
Kevin BoldingDirector
Michael KleinDirector
Michael MorelyDirector
Peyton KleinExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$241,286
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$241,286
Change in Net Assets
$96,699
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$80,619
Salaries, Compensation, and Employee Benefits$63,968
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$52,749--$52,749
Fees for Services Accounting-$16,914-$16,914
Office Expenses$15,186--$15,186
Other Employee Benefits$6,844--$6,844
Insurance$6,549--$6,549
Fees for Services Other-$6,052-$6,052
Payroll Taxes$4,375--$4,375
Travel$3,139--$3,139
Occupancy$1,050--$1,050
Other Expenses$80$1,350-$80
Total Functional Expenses$120,271$24,316$0$144,587
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The executive director will review the form 990 and will address any questions to the 990 preparer. A copy will then be provided to all board members.”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Global Minds Initiative Inc
EIN
81-4787709
Phone
4122817970
Address
2640 BNY MELLON CTR 500 GRANT ST, PITTSBURGH, PA 15219

Signing Officer

Name
Peyton Klein
Title
Executive Director
Phone
4122817970
Signed
2021-02-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peyton Klein
Formed
2016
Legal Domicile
De
Voting Board Members
9
Independent Board Members
9
Employees
1
Volunteers
50

Preparer

Firm
MAHER DUESSEL CPA'S
Address
503 MARTINDALE STREET SUITE 600, PITTSBURGH, PA 15212
Preparer
Jeffrey W Kent
Phone
4124715500
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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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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0169350
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0267503
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt03139
IRS990/TravelGrp/TotalAmt03139
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02640 BNY MELLON CTR 500 GRANT ST
IRS990/USAddress/CityNm0PITTSBURGH
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd015219
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.GLOBALMINDS.WORLD
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PEYTON KLEIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04122817970
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GLOBAL MINDS INITIATIVE INC
ReturnHeader/Filer/BusinessNameControlTxt0GLOB
ReturnHeader/Filer/EIN0814787709
ReturnHeader/Filer/PhoneNum04122817970
ReturnHeader/Filer/USAddress/AddressLine1Txt02640 BNY MELLON CTR 500 GRANT ST
ReturnHeader/Filer/USAddress/CityNm0PITTSBURGH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd015219
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0251622758
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MAHER DUESSEL CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0503 MARTINDALE STREET SUITE 600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PITTSBURGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd015212
ReturnHeader/PreparerPersonGrp/PhoneNum04124715500
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY W KENT
ReturnHeader/ReturnTs02021-02-25T10:27:52-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-09-01
ReturnHeader/TaxPeriodEndDt02020-08-31
ReturnHeader/TaxYr02019

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