Global Gospel Initiative Inc is a private foundation focused on Religion Related, 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.
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.
About Global Gospel Initiative Inc
Based on IRS filings
Global Gospel Initiative Inc is a private foundation focused on Religion Related, 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
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 |
| Net Investment Income | — | — | — |
| Distributable Amount | $1,441 | $820 | $745 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Southwestern Baptist Theological Se ($3,150), Brewton-Parker Christian University ($1,950).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Billy Duncan | President | 15 | — |
| Jimbo Williams | Trustee | 1 | — |
| Tommy Miles | Trustee | 1 | — |
| Melody Poole | Trustee | 1 | — |
| Neil Koon | Trustee | 1 | — |
| Jimmy Blanton | Trustee | 1 | — |
| Larry Duncan | Trustee | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Global Gospel Initiative Inc?
Global Gospel Initiative Inc is a private foundation focused on Religion Related, based in SMITHS STATION, AL. It holds $56K in total assets as of 2024.
How large is Global Gospel Initiative Inc?
As of 2024, Global Gospel Initiative Inc holds $56K in total assets with $74K in annual revenue. It awarded 2 grants totaling $5K in 2024.
Where does Global Gospel Initiative Inc operate?
Global Gospel Initiative Inc has awarded grants in Florida, Georgia, Texas.
What size grants does Global Gospel Initiative Inc award?
In 2024, Global Gospel Initiative Inc awarded 2 grants totaling $5K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Global Gospel Initiative Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Global Gospel Initiative Inc reported a distributable amount of $1K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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