Global Startup Foundation Inc
Nonprofit profile at a glance
- EIN
- 843133968
- IRS 990-EZ coverage
- 2019–2024
- Forms available
- Form 990 2022, Form 990-EZ 2024
- Location
- New York City, NY, USA
- Phone
- 3474707669
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Education N.E.C.
Reported finances
- Revenue
- $43,707
- Expenses
- $43,707
- Assets
- $27,379
- Liabilities
- $13,000
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Christine Baah Ntim (President)
People named in this filing
- Christine Baah Ntim (President)
- Efua Bentum (Secretary)
- Ekow Fynn (HR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
GSF mission is to conduct practical education training programs that prepare individuals and institutions for the digital age. Our programs include workforce training initiatives with institutional partners, career & leadership tech training programs for minorities and youth, business and tech training programs for SME, startups and early stage companies. We have the world's fastest growing community of beneficiaries due to our tenure in hosting and managing remote online accelerator programs over the past few years.
What it reported doing in 2024
We continued the Digital Skills Industry Forward initiative where we train young people ages 18-35 in career industries that are crucial parts of the country's GDP. GSF successfully hosted the Career Tourism Career Accelerator Program for 2024 with 1 completed cohort that spanned across multiple geographic regions.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 39
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 99.6%; rating input score 100
- Program expense ratio: 99.6%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 0%; rating input score 45; 45th percentile among comparable filings
- Total-asset coverage ratio: 0.63; rating input score 34; 34th percentile among comparable filings
- Liabilities to assets ratio: 0.47; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -17.7% per year; rating input score 0; 19th percentile among comparable filings
- Revenue growth: -4.1% per year; rating input score 0; 37th percentile among comparable filings
- Asset growth: 32% per year; rating input score 100; 92nd percentile among comparable filings
Details
- Where the money goes: 99.6% of revenue deployed · 99.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $44K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 5 filing years from 2019 to 2024
- Contacts: How to reach this organization
- 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 — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 45/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 34/100.
- High — Sustainability: Liabilities to assets ratio scored 9/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.