Global Celebration
Nonprofit profile at a glance
- EIN
- 911341558
- IRS 990 coverage
- 2010–2023
- Forms available
- Form 990 2023
- Location
- Grand Prairie, TX, USA
- Phone
- 7173959710
- Rating
- 62
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Christianity
- Affiliation
- Christianity
Reported finances
- Revenue
- $2,065,806
- Expenses
- $2,181,926
- Assets
- $478,229
- Liabilities
- $71,840
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Georgian Banov (President/Treasurer/Director)
- Winnie Banov (Vice President/Director)
Highest reported compensation
- Karen Vangor (Director): $95,413 total reported compensation
- Georgian Banov (President/Treasurer/Director): $73,329 total reported compensation
- Dennis Valen (Director): $36,348 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Global Celebration is committed to proclaiming the Gospel through missions, evangelism, and leadership training. With a strong passion for the poorest of the poor, we support orphans and at-risk children on 3 continents.
What it reported doing in 2023
Global Celebration is dedicated to spreading the gospel and developing uncompromising followers of Christ, including pastors and leaders, who transform our world through the means of evangelism, revivals, seminars, schools, mission trips, and crusades. Our sponsorship and monthly financial responsibility for orphans and at-risk children includes: orphanages in India, Bulgaria, Nicaragua, Cambodia, and Thailand; child rescue operations in Hyderabad, India and missions reaching marginalized people in (but not limited to) Bethlehem, Bulgaria, and Mexico.
Operating model
- Revenue model
- Donor-supported. 83% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 69% for direct work, and 31% for grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. The filing reports few safeguards for money sent abroad and the filing does not identify recipients for some grant dollars.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 57
- Accountability: 72
- Sustainability: 21
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91.8%; rating input score 92
- Program expense ratio: 68.8%; rating input score 69
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 7th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 28.6%; rating input score 29; 14th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 66.7%; rating input score 67; 10th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -5.6%; rating input score 21; 21st percentile among comparable filings
- Total-asset coverage ratio: 0.22; rating input score 6; 6th percentile among comparable filings
- Liabilities to assets ratio: 0.15; rating input score 52; 52nd percentile among comparable filings
- Officer compensation ratio: 9.5%; rating input score 30; 30th percentile among comparable filings
Growth
- Program expense growth: -5.5% per year; rating input score 0; 5th percentile among comparable filings
- Revenue growth: -0.8% per year; rating input score 0; 10th percentile among comparable filings
- Asset growth: -2% per year; rating input score 0; 8th percentile among comparable filings
Details
- Where the money goes: 91.8% of revenue deployed · 68.8% of spending went to programs
- Governance: 4 of 6 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.5M in reported program spending
- Leadership: top reported pay $95K · 6 people listed
- Highest-paid contractors: 2 contractors listed · $257K reported
- Consistency: 27 of 28 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors, foreign activity, and grants
- Filing history: 8 filing years from 2010 to 2023
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 29/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 21/100.
- High — Sustainability: Total-asset coverage ratio scored 6/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Growth: Asset growth scored 0/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 30/100.
- Review — Sustainability: Liabilities to assets ratio scored 52/100.