Global Gospel Initiative Inc
Global Gospel Initiative Inc is a private foundation focused on religion, based in Smiths Station, AL. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $56K in total assets. In 2024, it awarded 2 grants totaling $5K.
Key facts about Global Gospel Initiative Inc
In short: Global Gospel Initiative Inc gave $5K across 2 grants in 2024 (avg $3K), mostly in Texas. Source: 2024 IRS Form 990-PF.
- EIN
- 88-2941995
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $5,100
- Grants made (2024)
- 2
- Average grant
- $2,550
- Median grant
- $2,550
- Total assets
- $56,012
- Primary geography
- Texas (62% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$56K
+121.7% YoY
Annual Giving
$5K
-21.1% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$3K
-21.1% YoY
Under IRS private-foundation payout rules, Global Gospel Initiative Inc reported a distributable amount of $1K for 2024 — the minimum it must pay out in qualifying distributions.
How Global Gospel Initiative Inc gives
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $5K (2024) to $9K (2022). In 2024 it made 2 grants totaling $5K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Southwestern Baptist Theological Se ($3K). Together the top 2 received $5K.
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 7 grants of 7 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Southwestern Baptist Theological Se Ft Worth, TX | Scholarships and grants | $3,150 |
| Brewton-Parker Christian University Mt Vernon, GA | Scholarships and grants | $1,950 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $56,012 | $25,264 | $19,116 |
| Revenue | $73,989 | $50,086 | $35,500 |
| Expenses | $43,241 | $43,938 | $16,384 |
| Qualifying Distributions | $42,741 | $40,121 | $9,225 |
| Distributable Amount | $1,441 | $820 | $745 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2022–2024
Leadership & Key People
Officers and directors from IRS filings
Global Gospel Initiative Inc is led by Billy Duncan, President on every filing since 2022; none of the 7 officers listed in 2024 report compensation.
Officers on the 2024 filing
Billy Duncan
President
On filings since 2022
15 hrs/week
No compensation reported
Jimbo Williams
Trustee
On filings since 2023
1 hr/week
No compensation reported
Jimmy Blanton
Trustee
On filings since 2023
1 hr/week
No compensation reported
Larry Duncan
Trustee
On filings since 2023
1 hr/week
No compensation reported
Melody Poole
Trustee
On filings since 2023
1 hr/week
No compensation reported
Neil Koon
Trustee
On filings since 2023
1 hr/week
No compensation reported
Tommy Miles
Trustee
On filings since 2023
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2022–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Global Gospel Initiative Inc
How much does Global Gospel Initiative Inc give each year?
Global Gospel Initiative Inc gave $5K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $6K across 2 grants.
How large is Global Gospel Initiative Inc?
Global Gospel Initiative Inc reported $56K in total assets on its 2024 IRS Form 990-PF. It paid out $43K in qualifying distributions that year, against a required minimum of $1K (roughly 5% of its investment assets).
What is Global Gospel Initiative Inc?
Global Gospel Initiative Inc is a private foundation focused on religion, based in Smiths Station, AL. It holds $56K in total assets as of 2024.
Where does Global Gospel Initiative Inc operate?
Global Gospel Initiative Inc has awarded grants in Florida, Georgia, Texas.
What is Global Gospel Initiative Inc's EIN?
Global Gospel Initiative Inc's EIN (Employer Identification Number) is 88-2941995. IRS Form 990 filing data is available on this page for 2022–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Global Gospel Initiative Inc by hand.
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