Global Academy for Inspirational Arts Foundation

RIDGEWOOD, NJ EIN: 22-3527668

Global Academy for Inspirational Arts Foundation is a private foundation focused on Arts, Culture & Humanities, based in RIDGEWOOD, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.4M in total assets. In 2024, it made $37K in qualifying distributions. Net investment income was $511.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.4M

-4.6% YoY

Revenue

$14K

-59.1% YoY

Qualifying Distributions

$37K

-96.9% YoY

Expenses

$108K

+45.4% YoY

Under IRS private-foundation payout rules, Global Academy for Inspirational Arts Foundation reported a distributable amount of $74K for 2024 — the minimum it must pay out in qualifying distributions.

About Global Academy for Inspirational Arts Foundation

Based on IRS filings

Focus Areas

Arts, Culture & Humanities

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Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,354,019	$2,468,377	$2,507,450
Revenue	$14,311	$35,009	$1,355,758
Expenses	$107,749	$74,082	$76,575
Qualifying Distributions	$37,204	$1,202,827	$15,600
Net Investment Income	$511	—	$1,309,059
Distributable Amount	$73,901	$83,196	$39,669

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 0 recipients in 2024

Grant Size Distribution

0 grants across all recorded years

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
CHARLOTTE YATES	PRES/DIRECTOR	1	—
TODD MURRAY	VP/DIRECTOR	1	—
LONNIE WOLLIN	SECY	1	—

Subject Areas

Focus areas based on grantmaking activity

Arts, Culture & Humanities

Frequently Asked Questions

What is Global Academy for Inspirational Arts Foundation?

Global Academy for Inspirational Arts Foundation is a private foundation focused on Arts, Culture & Humanities, based in RIDGEWOOD, NJ. It holds $2.4M in total assets as of 2024.

How large is Global Academy for Inspirational Arts Foundation?

As of 2024, Global Academy for Inspirational Arts Foundation holds $2.4M in total assets with $14K in annual revenue.

How much is Global Academy for Inspirational Arts Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Global Academy for Inspirational Arts Foundation reported a distributable amount of $74K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Global Academy for Inspirational Arts Foundation's EIN?

Global Academy for Inspirational Arts Foundation's EIN (Employer Identification Number) is 22-3527668. IRS Form 990 filing data is available on this page for 2020–2024.