Gospelnet Global Ministries Inc
Gospelnet Global Ministries Inc is a private foundation focused on religion, based in Hendersonville, TN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $544 in total assets. In 2025, it made $920 in qualifying distributions.
Key facts about Gospelnet Global Ministries Inc
- EIN
- 47-5290546
- Latest 990 filing
- Form 990-PF, 2025
- Total assets
- $544
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$544
+6.7% YoY
Revenue
$1K
+4.3% YoY
Qualifying Distributions
$920
-18.5% YoY
Expenses
$920
-18.5% YoY
Under IRS private-foundation payout rules, Gospelnet Global Ministries Inc reported a distributable amount of $23 for 2025 — the minimum it must pay out in qualifying distributions.
How Gospelnet Global Ministries Inc gives
- In 2025 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
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2022, annual grant giving ranged from $250 (2022) to $705 (2021). In 2022 it reported $250 in grants paid, as a total without an itemized list.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $544 | $510 | $571 |
| Revenue | $1,217 | $1,167 | $310 |
| Expenses | $920 | $1,129 | $1,059 |
| Qualifying Distributions | $920 | $1,129 | $1,059 |
| Distributable Amount | $23 | $8 | $40 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS February 26, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS December 2, 2022)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 28, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 25, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 22, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS January 29, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS January 27, 2026)
- IRS filings on file for fiscal years 2019–2025
Leadership & Key People
Officers and directors from IRS filings
Gospelnet Global Ministries Inc is led by Sharon Pergerson, President on every filing since 2019; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Sharon Pergerson
President
On filings since 2019
30 hrs/week
No compensation reported
Chernae Saka
Treasurer
On filings since 2019
30 hrs/week
No compensation reported
Oliver Nelson
Secretary
On filings since 2019
20 hrs/week
No compensation reported
Former officers (3)
- Former: Jenks Brutus (2019–2023) — Director
- Former: Rey Forde (2019–2023) — Director
- Former: Walton Whaley (2019–2023) — Director
Data from IRS Form 990 filings, 2019–2025. "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 Gospelnet Global Ministries Inc
How large is Gospelnet Global Ministries Inc?
Gospelnet Global Ministries Inc reported $544 in total assets on its 2025 IRS Form 990-PF. It paid out $920 in qualifying distributions that year, against a required minimum of $23 (roughly 5% of its investment assets).
What is Gospelnet Global Ministries Inc?
Gospelnet Global Ministries Inc is a private foundation focused on religion, based in Hendersonville, TN. It holds $544 in total assets as of 2025.
Where does Gospelnet Global Ministries Inc operate?
Gospelnet Global Ministries Inc has awarded grants in Michigan, Tennessee.
What is Gospelnet Global Ministries Inc's EIN?
Gospelnet Global Ministries Inc's EIN (Employer Identification Number) is 47-5290546. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Gospelnet Global Ministries Inc by hand.
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