Global Networks Inc in Dothan, Alabama (AL)

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Global Networks Inc
Employer Identification Number (EIN)621723393
Name of OrganizationGlobal Networks Inc
In Care of NameBob Simpkins
Address685 Ashley Cir, Dothan, AL 36305-9733
SubsectionCharitable Organization, Educational Organization
Ruling Date02/2000
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2014
Assets$1 to $9,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$4,528
Amount of Income$33,463
Form 990 Revenue Amount$33,463
National Taxonomy of Exempt Entities (NTEE)Science and Technology Research Institutes, Services: Management & Technical Assistance


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Amount of income in 2014: $33,463 (it was $43,442 in 2013)
This organization: 

 $33,463
Other organizations performing similar types of work: 

 $202,964

Assets in 2014: $4,528 (it was $2,978 in 2013)
Global Networks Inc: 

 $4,528
Other organizations performing similar types of work: 

 $102,914

Expenses in 2013: $42,640
Global Networks Inc: 

 $42,640
Other organizations performing similar types of work: 

 $42,640

Income to expenses ratio in 2013: 0.8
Global Networks Inc: 

 0.8
Other organizations performing similar types of work: 

 1.2

Grants share in income in 2013: 100.0%
Global Networks Inc: 

 100.0%
Other organizations performing similar types of work: 

 -,nan,(ind)%

Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$23,118$12,809$43,442
Contributions, gifts, grants, and similar amounts received$23,118$12,809$43,442
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$0$0$0
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$21,901$11,850$42,640
Total net assets$1,217$2,176$2,978
Excess/Deficit for the year$1,217$959$802
Net assets or fund balances at beginning of year$0$1,217$2,176
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$2,027$2,176$2,978
Balance Sheets
201120122013
Total assets$1,217$2,176$2,978
Total liabilities$0$0$0
Net assets or fund balances$1,217$2,176$2,978
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNoNo
Were any significant changes made to the organizing or governing documents?NoNoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNoNo
Amount of political expenditures, direct or indirect$0$0$0
Did the organization file Form 1120-POL for this year?NoNoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNoNo
Total amount involved$0$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:Not provided
Number of organizations supported0
Sum of amounts of support$0
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1Fermi Research Alliance LlcPO BOX 500 MSC 110, Batavia, IL 60510-5011IL2007-02$435,600,608
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6Nanotechnology Enterprises Inc1601 S Providence Rd, Columbia, MO 65211-0001MO2012-09$390,717
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9Joslin Technologies LlcOne Joslin Place, Boston, MA 02215-5306MA2014-06$48,822
10Global Networks Inc685 Ashley Cir, Dothan, AL 36305-9733AL2000-02$33,463
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Number of organizations performing similar types of work
Alabama1
California3
Colorado1
District of Columbia1
Florida3
Hawaii1
Illinois1
Indiana1
Massachusetts4
Minnesota2
Missouri1
Nevada1
New York3
Tennessee1
Texas2
Virginia1
West Virginia1
Total28

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