Nonprofit · EIN 61-1429138
GLOCAL VENTURES INC
Tax-exempt · KELLER, TX 76248
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $325,568 | $345,814 | -$20,246 | $183,749 | $0 | $183,749 |
| December 31, 2023 | 990 | $336,775 | $312,954 | $23,821 | $204,093 | $0 | $204,093 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $238,792
- Program service revenue
- $84,570
- Investment income
- $2,206
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $135,159
- Compensation of officers, directors and key employees
- $29,673
- Other salaries and wages
- $47,319
- Salaries, compensation and benefits (total)
- $102,381
- Professional fundraising fees
- $0
- Accounting fees
- $2,315
- Occupancy
- $8,061
- Travel
- $80,275
- Depreciation
- $2,220
- Program services (functional)
- $332,400
- Management and general (functional)
- $12,400
- Fundraising (functional)
- $1,014
Balance sheet and other
- Total assets, start of year
- $204,093
- Total assets, end of year
- $183,749
- Total liabilities, end of year
- $0
- Net assets, end of year
- $183,749
- Land, buildings and equipment
- $696
- Net assets without donor restrictions
- $161,624
- Net assets with donor restrictions
- $22,125
- Gross receipts
- $325,568
- Employees
- 0
- Volunteers
- 101
- Year formed
- 2002
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VU MANH TAN | VIETNAM COUN Officer | 40 | $29,673 |
| KATHLEEN HINDMAN | DIRECTOR/TRE Trustee or director, Officer | 1 | $0 |
| BOB ROBERTS JR | DIRECTOR/CHA Trustee or director, Officer | 1 | $0 |
| ROBERTA LEA MANNY | DIRECTOR/SEC Trustee or director, Officer | 1 | $0 |
| DONNIE MCCANN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VU MANH TAN | VIETNAM COUN Officer | 40 | $27,032 |
| NICHOLAS BURLESON | DIRECTOR Trustee or director | 1 | $0 |
| KATHLEEN HINDMAN | DIRECTOR/TRE Trustee or director, Officer | 1 | $0 |
| BOB ROBERTS JR | DIRECTOR/CHA Trustee or director, Officer | 1 | $0 |
| ROBERTA LEA MANNY | DIRECTOR/SEC Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1870 RUFE SNOW DR, KELLER, TX 76248-5629
- In care of
- % BOB ROBERTS
- Principal officer (990 for 2024)
- BOB ROBERTS JR, 1870 RUFE SNOW DR, KELLER, TX 76248
- Signed the 990
- BOB ROBERTS JR, DIRECTOR/CHAIRMAN
- Phone
- (817) 656-5136
- Website
- WWW.GLOCALVENTURES.ORG
- Return prepared by
- SOMMERVILLE & ASSOCIATES PC
Mission
GLOCAL VENTURES IS DEDICATED TO HOLISTIC, SOCIO-ECONOMIC DEVELOPMENT IN VIETNAM. GLOCAL VENTURES MOBILIZES VOLUNTEERS FROM AROUND THE WORLD TO PARTNER WITH COMMUNITIES IN VIETNAM TO SEE DREAMS REALIZED AND LIVES TRANSFORMED. VOLUNTEERS SERVE ALONGSIDE COMMUNITIES TO HELP PEOPLE WORK TOGETHER IN INTERDEPENDENCY, TAKING CHARGE OF THEIR SITUATIONS AND MOVING TOWARDS A MORE EMPOWERED AND SATISFYING LIFE AS INDIVIDUALS AND COMMUNITY.
Program accomplishments
- GLOCAL VENTURES INC. COOPERATED WITH LAO CAI DEPARTMENT OF EDUCATION AND TRAINING TO LAUNCH THE "IMPROVING THE QUALITY OF EDUCATIONAL SERVICE FOR ETHNIC STUDENTS" PROJECTS IN BAC HA AND SAPA. IN 2024, GVI HELPED BUILD NEW BATHROOMS, LATRIENES AND SCHOOL FENCES BENEFITING 850 BOARDING STUDENTS AND STAFF AT FANXIFAN, BAN PHUNG, NAM MON, AND THAI GIANG PHO SCHOOLS. THE FLOURISH PROGRAM OFFERED COACHING FOR TEACHERS AND ADMINISTRATORS ON INTRODUCING AND EVALUATING LIFE SKILLS FOR THE ETHNIC STUDENTS AND FORMING A GIRL CLUB AT THESE SCHOOLS TO PROVIDE LIFE SKILL AND HYGIENE TRAINING FOR FEMALE BOARDING STUDENTS, IMPACTING 1,350 STUDENTS AND STAFF. 90,000 MILK BOXES WERE ALSO PROVIDED TO 450 STUDENTS AT THAI GIANG PHO SCHOOLS DURING THE YEAR. IN 2024, GVI HOSTED A GENERAL EDUCATION TRAINING CONFERENCE FOR 350 TEACHERS IN LAO CAI DISTRICT. THE CONFERENCE PROVIDED TRAINING ON INTERACTIVE TEACHING METHODS AND STRATEGIES THAT PROMOTES STUDENT CENTERED INSTRUCTION IN THE CLASSROOM. IN PARTNERSHIP WITH HANOI NATIONAL UNIVERSITY OF EDUCATION, GVI ALSO HOSTED ITS 20TH SPECIAL EDUCATION TRAINING CONFERENCE WHERE 300 SPECIAL EDUCATION TEACHERS AND EXPERTS IN THE FIELD PRESENTED INFORMATION AND TECHNIQUES THAT WOULD ENABLE THE TEACHERS TO CARE FOR AND TEACH STUDENTS WITH DISABILITIES.Expenses $332,400 · grants $135,159 · revenue $84,570
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 61-1429138
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q30)
- Assets (IRS master file)
- $183,749
- Income (IRS master file)
- $325,568
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $325,568 | $345,814 | $183,749 | XML |
| 990 | December 2023 | $336,775 | $312,954 | $204,093 | XML |
| 990 | December 2022 | $271,675 | $227,945 | $180,272 | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 61-1429138).
Questions about GLOCAL VENTURES INC
- What is the EIN of GLOCAL VENTURES INC?
- The employer identification number (EIN) of GLOCAL VENTURES INC is 61-1429138.
- Is GLOCAL VENTURES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to GLOCAL VENTURES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GLOCAL VENTURES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GLOCAL VENTURES INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GLOCAL VENTURES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GLOCAL VENTURES INC?
- The 990 for the year ended December 31, 2024 names BOB ROBERTS JR.
- Who are the officers and directors of GLOCAL VENTURES INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $29,673 (VU MANH TAN, VIETNAM COUN).
- How much revenue does GLOCAL VENTURES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $325,568, expenses of $345,814 and total assets of $183,749 at year end.
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