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Nonprofit · EIN 91-1341558

GLOBAL CELEBRATION

Tax-exempt (reinstated) · BEDFORD, TX 76021

Financials

$2.1M$2.2M2023
Revenue Expenses · by fiscal year end
Financials of GLOBAL CELEBRATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
January 31, 2024990$2,065,806$2,181,926-$116,120$478,229$71,840$406,389
Financial details: 990 for the year ended January 31, 2024

Revenue

Contributions, gifts and grants
$1,355,860
Program service revenue
$279,618
Investment income
$0
Royalties
$824
Net income from sales of inventory
$429,504
Other revenue
$430,328

Expenses

Grants and similar amounts paid
$465,298
Compensation of officers, directors and key employees
$211,420
Other salaries and wages
$56,771
Salaries, compensation and benefits (total)
$325,176
Professional fundraising fees
$0
Legal fees
$700
Accounting fees
$4,949
Occupancy
$23,435
Travel
$304,249
Depreciation
$1,367
Program services (functional)
$1,502,255
Management and general (functional)
$679,671

Balance sheet and other

Total assets, start of year
$572,952
Total assets, end of year
$478,229
Total liabilities, end of year
$71,840
Net assets, end of year
$406,389
Land, buildings and equipment
$3,895
Net assets without donor restrictions
$406,389
Gross receipts
$2,068,814
Employees
5
Volunteers
0
Year formed
1986
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 January 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Karen VangorDirector
Trustee or director
60$66,613$28,800
Georgian BanovPresident/Treasurer/Director
Trustee or director, Officer
40$36,666$36,663
Dennis ValenDirector
Trustee or director
30$0$36,348
Winnie BanovVice President/Director
Trustee or director, Officer
40$3,000$0
Charles StockDirector
Trustee or director
1$0$0
Tom BreunerDirector
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
2028 BEDFORD RD STE 200, BEDFORD, TX 76021-5866
Principal officer (990 for 2023)
Georgian Banov, PO BOX 535337, Grand Prairie, TX 75053
Signed the 990
Georgian Banov, President/Treas/Director
Phone
(717) 395-9710
Return prepared by
Isham & Ramirez PLLC

Mission

Global Celebration is committed to proclaiming the Gospel through missions, evangelism, and leadership training. With a strong passion for the poorest of the poor, we support orphans and at-risk children on 3 continents.

990 for the year ended January 31, 2024

Program accomplishments

  • Global Celebration is dedicated to spreading the gospel and developing uncompromising followers of Christ, including pastors and leaders, who transform our world through the means of evangelism, revivals, seminars, schools, mission trips, and crusades. Our sponsorship and monthly financial responsibility for orphans and at-risk children includes: orphanages in India, Bulgaria, Nicaragua, Cambodia, and Thailand; child rescue operations in Hyderabad, India and missions reaching marginalized people in (but not limited to) Bethlehem, Bulgaria, and Mexico.
    Expenses $1,502,255 · grants $465,298 · revenue $709,122

What it must file and when

IRS records say it files Not required (church). Churches are not required to file. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025Not on file
2023December 31, 2023May 15, 2024Check at the IRS

IRS record

EIN
91-1341558
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Church
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2018
Accounting year ends
December
Files
Not required (church)
Category (NTEE)
Religion-related (X20)
Assets (IRS master file)
$478,229
Income (IRS master file)
$2,068,814

Revocation and reinstatement

Exemption revoked
June 15, 2017
Posted by the IRS
September 11, 2017
Reinstated
Effective June 15, 2017

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990January 2024$2,065,806$2,181,926$478,229XML
990January 2023$2,065,368$2,267,993$572,952IRS
990January 2022–––IRS
990January 2021–––IRS
990January 2020–––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 91-1341558).

Questions about GLOBAL CELEBRATION

What is the EIN of GLOBAL CELEBRATION?
The employer identification number (EIN) of GLOBAL CELEBRATION is 91-1341558.
Is GLOBAL CELEBRATION tax-exempt?
Yes. The IRS revoked its exemption on June 15, 2017 and reinstated it effective June 15, 2017.
Are donations to GLOBAL CELEBRATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GLOBAL CELEBRATION file?
Form Not required (church). Churches are not required to file.
When is the next return of GLOBAL CELEBRATION 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 GLOBAL CELEBRATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended January 2024.
Who is the principal officer of GLOBAL CELEBRATION?
The 990 for the year ended January 31, 2024 names Georgian Banov.
Who are the officers and directors of GLOBAL CELEBRATION?
The 990 for the year ended January 31, 2024 lists 6 people; 3 received compensation from the organization, the highest $66,613 (Karen Vangor, Director).
How much revenue does GLOBAL CELEBRATION have?
On its 990 for the year ended January 31, 2024 it reported revenue of $2,065,806, expenses of $2,181,926 and total assets of $478,229 at year end.

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