2019-11-15T15:34:27-06:00 2018-12-31 111986323 MARCUM LLP 53 STATE STREET BOSTON MA 02109 990 2018-01-01 300523914 GLOBAL MINIMUM INC GLOB 2823270951 1732 1ST AVENUE NO 26978 NEW YORK NY 10128 JOYCE KABAYADONDO BOARD SECRETARY 2823270951 2019-11-15 1 DOUGLAS FARRINGTON P00370668 6178075000 47.19.127.190 2019-11-15 14:28:53 ES P 46887958977AE242E5964AC4FBA36C34FD5A2327 5646463611682D9FF634D53B57C349B9DAC2909E 2018 2020-03-31 21:24:44Z ASHLEY KEGAN 1732 1ST AVENUE NO 26978 NEW YORK NY 10128 335463 0 X HTTP://GMIN.ORG X 2008 NJ TO ENCOURAGE YOUNG INNOVATORS AND LEADERS IN AFRICA TO ENGAGE WITH CRITICAL THINKING SKILLS AND HANDS-ON LEARNING PROGRAMS TO TACKLE CHALLENGES AFFECTING THEIR COMMUNITIES; TO ENABLE TOOLS, SAFE SPACES, WORKSHOPS, MENTORSHIP, RESOURCES AND NETWORK. 7 7 1 40 0 0 300132 335463 0 0 0 0 200 0 300332 335463 4312 2207 0 0 132565 168641 12000 0 63096 186104 236900 334981 407748 -34649 -72285 463956 427822 10503 46654 453453 381168 X TO ENCOURAGE YOUNG INNOVATORS AND LEADERS IN AFRICA TO ENGAGE WITH CRITICAL THINKING SKILLS AND HANDS-ON LEARNING PROGRAMS TO TACKLE CHALLENGES AFFECTING THEIR COMMUNITIES; TO ENABLE TOOLS, SAFE SPACES, WORKSHOPS, MENTORSHIP, RESOURCES AND NETWORK. 0 0 111669 1766 INCHALLENGE KENYA: INCHALLENGE PROGRAM IS A NATIONAL INVENTION CHALLENGE. THE INCHALLENGE PROGRAM ELICITS PROJECT PROPOSALS FROM YOUTH AROUND THE COUNTRY AND OFFERS DESIGN WORKSHOPS, SEED FUNDING AND MENTORSHIP TO SELECT FINALISTS IN ORDER FOR THEM TO DEVELOP THEIR CONCEPTUAL PROJECTS INTO TANGIBLE SOLUTIONS THAT POSITIVELY AFFECT THEIR COMMUNITY. THE INCHALLENGE PROGRAM ENHANCES CRITICAL AND CREATIVE THINKING, PROMOTES CIVIC ENGAGEMENT, STRENGTHENS STEM LITERACIES AND DEVELOPS ENTREPRENEURSHIP AND LEADERSHIP SKILLS.INLABS KENYA: INLAB PROGRAM IS A TEN WEEK AFTER SCHOOL PROGRAM THAT PROVIDES YOUTH IN SELECT PARTNER SCHOOLS WITH THE OPPORTUNITY TO LEARN PROBLEM SOLVING SKILLS, COLLABORATION AND CREATIVE THINKING THROUGH INTEREST-DRIVEN CURRICULUM. IN COLLABORATION WITH EDUCATORS, THE INLAB PROGRAM INTRODUCES TOPICS AND SKILLS BEYOND WHAT IS TAUGHT IN SCHOOLS SUCH AS ELECTRONICS AND PROGRAMMING. INLAB PROGRAM AIMS TO FOSTER ENTREPRENEURIAL AND CREATIVE CAPACITIES IN YOUTH, ULTIMATELY PROMOTING A SPIRIT OF INNOVATION. 24428 440 INCHALLENGE- SIERRA LEONE: INCHALLENGE PROGRAM IS A NATIONAL INVENTION CHALLENGE. SEE ABOVE FOR INCHALLENGE PROGRAM DESCRIPTION. 103541 OTHER PROGRAM RELATED DUTIES AND ACTIVITIES CARRIED OUT BY EXECUTIVE DIRECTOR IN THE UNITED STATES INCLUDED PROGRAM DESIGN, PROGRAM DEVELOPMENT AND PROGRAM DEPLOYMENT TO FULFILL GMIN'S MISSION OR PURPOSE. 239638 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 1 1 0 1 KE SL 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 1 0 NJ MA NY X X X ASHLEY KEGAN 2823270951 1732 1ST AVENUE 26978 NEW YORK NY 10128 LOLA ALERU EXECUTIVE DIRECTOR 45.00 X X X X 75000 0 0 ASHLEY KEGAN BOARD CHAIR 2.00 X X 0 0 0 JOYCE KABAYADONDO BOARD SECRETARY 1.00 X X 0 0 0 KATE MITTY ADVISORY COMMITTEE CHAIR 1.50 X 0 0 0 PUNEET AHIRA BOARD MEMBER 0.75 X 0 0 0 SUNAND BHATTACHARYA BOARD MEMBER 0.75 X 0 0 0 MIKE WILLIS BOARD TREASURER 2.00 X X 0 0 0 75000 0 0 0 0 0 0 0 335463 335463 335463 0 0 0 X 2207 2207 69441 15858 27754 25829 41432 39185 2247 662 662 57106 45013 12093 3365 587 2778 12808 12808 78589 29644 16247 32698 2151 583 1558 10 15102 5370 9732 9359 1970 3555 3834 5819 3613 2206 44025 32765 10535 725 41110 40042 1068 10384 10384 1188 1188 COMMISSIONS & FEES 11755 11755 PAYROLL EXPENSES 1245 1245 407748 239638 105014 63096 448412 362662 60000 51920 46760 15544 5160 463956 427822 10503 46654 10503 46654 X 237035 232164 216418 149004 453453 381168 463956 427822 -72285 0 X 0 1 X 0 0 X 380079 581848 96073 300132 335463 1693595 380079 581848 96073 300132 335463 1693595 1285027 408568 200 200 1693795 0.24120 0.31480 X GLOBAL MINIMUM IS DEDICATED TO MAINTAINING ITS STATUS AS A PUBLICLY SUPPORTED ORGANIZATION. THE ORGANIZATION IS ACTIVELY PURSUING ADDITIONAL SOURCES OF FUNDING AND WORKING TO INCREASE THEIR BRAND AWARENESS. THE ENTIRE BOARD OF DIRECTORS OF THE ORGANIZATION ARE COMMITTED TO INCREASING THE DONOR BASE. THE ORGANIZATION HAS RECENTLY IMPLEMENTED STRATEGY MEETINGS THAT WILL TAKE PLACE EVERY OTHER YEAR INCLUDING ALL BOARD MEMBERS AND CONSULTANTS TO ASSIST WITH BRAND IMAGE WITH THE FOLLOWING GOALS:1. DEFINING AND RE-DEFINING WHO WE ARE AS AN ORGANIZATION AND WORKING TO MAKE SURE WE ARE MAKING THE GREATEST PUBLIC IMPACT.2. WORKING TO MAKE OUR BRAND STAND OUT AND ATTRACT DONATIONS FROM A LARGER DONOR BASE3. ADDING A GRANT CONSULTANT AND GRANT WRITING ASSISTANT IN ORDER TO APPLY FOR GRANTS FROM PUBLIC CHARITIES THAT WILL ASSIST IN FURTHER OUT MISSION4. CONTINUE TO MAKE SIGNIFICANT IMPACTS ON THE LIVES OF THOSE WHO BENEFIT FROM THE MISSION OF THE ORGANIZATION THROUGH THE FUNDS COLLECTEDAS A RESULT OF THESE EFFORTS ABOVE THE ORGANIZATION WAS AWARDED A GRANT FROM THE GOOGLE IMPACT CHALLENGE KENYA. THIS AWARD PROVIDED PUBLIC EXPOSURE FOR THE ORGANIZATION WHICH WAS SPOTLIGHTED ON THE GOOGLE.ORG WEBSITE. THIS SPOTLIGHT INCLUDED A LINK TO THE ORGANIZATIONS WEBSITE WHERE MEMBERS OF THE PUBLIC COULD MAKE DONATIONS DIRECTLY TO THE ORGANIZATION.IN ADDITION TO THE ABOVE AWARD, THE ORGANIZATION HAS APPLIED FOR SEVERAL SIGNIFICANT MONETARY GRANTS OVER THE LAST YEAR. THESE EFFORTS INCLUDE PROPOSALS TO THE UNFCU FOUNDATION AND THE MASTERCARD FOUNDATION BOTH OF WHICH ARE PUBLIC CHARITIES.THE ORGANIZATION HAS ALSO WORKED TO INCREASE ITS ONLINE PRESENCE WITH THE CONTINUOUS IMPROVEMENT OF ITS WEBSITE AND BEING ACTIVE ON SOCIAL MEDIA. THE SOCIAL MEDIA ACTIVITY CENTERED ON FACEBOOK, TWITTER, INSTAGRAM AND LINKEDIN KEEPS THE PUBLIC CURRENT ON THE ACTIVITIES OF THE ORGANIZATION. THE VARIOUS SOCIAL MEDIA PLATFORMS PROVIDE THE PUBLIC WITH PICTURES AND NARRATIVES OF THE ORGANIZATIONS MISSION AND ACTIVE PROGRAMS. ALL OF THESE PLATFORMS ALSO LINK TO THE MAIN WEBSITE WHERE MEMBERS OF THE PUBLIC CAN DONATE TO THE CAUSE. GLOBAL MINIMUM WILL WORK TO CONTINUE TO INCREASE ITS PUBLIC PRESENCE AND SUPPORT THROUGH THE INITIATIVES LISTED ABOVE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 51920 46760 5160 5160 335463 0 335463 0 335463 407748 0 407748 0 407748 1 KENYA 1 7 PROGRAM SERVICES EDUCATION INNOVATION 190007 SIERRA LEONE 1 1 PROGRAM SERVICES EDUCATION INNOVATION 41564 2 8 0 0 2 8 231571 0 231571 0 0 0 0 0 0 PART I, LINE 3: GMIN PROGRAM MANAGERS WHO HAVE INCURRED PROGRAM SERVICE EXPENSE ON BEHALF OF THE PROGRAM SUBMIT A MONTHLY EXPENSE REPORT VIA EXPENSLY BEFORE THE 4TH DAY OF THE NEW MONTH. THE MONTHLY REPORT CONTAINS ALL ORIGINAL RECEIPTS ASSOCIATED WITH THE EXPENDITURES INCURRED. ALL EXPENDITURES THAT ARE PAID BY WAY OF CASH HAVE ORIGINAL RECEIPT. HOWEVER, IN SITUATIONS WHERE IT IS NOT POSSIBLE TO OBTAIN ORIGINAL RECEIPT FROM THE PARTY THE TRANSACTION IS OCCURING WITH, IT IS THE RESPONSIBILITY OF THE PROGRAM MANAGER MAKING THE PURCHASE TO RECORD THE TRANSACTION IN THE RECEIPT FORM AND SUBMIT TO HEAD OFFICE IN UNITED STATES. IN ADDITION TO THE MONTHLY EXPENSE REPORT PROGRAM, MANAGERS ALSO SUBMIT A MONTHLY BANK STATEMENT WITH OUTSTANDING BALANCE. GMIN COLLECTS INFORMATION ABOUT ALL STUDENT LOAN RECEPIENTS OF PROJECT GRANTS AND REQUIRES PERIODIC PROGRESS REPORTS ON IMPLEMENTATION OF PROJECT GRANTS. FORM 990, PART VI, SECTION A, LINE 8B THE BOARD MEETS ON A SCHEDULED REGULAR BASIS AND KEEPS NOTES OF THE HAPPENINGS AND DISCUSSIONS AT EACH MEETING. THESE NOTES ARE APPROVED BY THE BOARD AT THE NEXT MEETING FORM 990, PART VI, SECTION B, LINE 11B EXECUTIVE OFFICERS/BOARD MEMBERS OF THE ORGANIZATION HAVE BEEN INVOLVED IN PREPARING AND REVIEWING FORM 990. A FINAL DRAFT OF FORM 990 AND ATTACHMENTS HAS BEEN MADE AVAILABLE TO BOARD OF DIRECTORS FOR REVIEW PRIOR TO SUBMISSION TO IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE REQUIRED TO ANNUALLY ACKNOWLEDGE, COMPLY WITH, AND SIGN ORGANIZATION'S CONFLICT OF INTEREST POLICY; THEY MUST DISCLOSE ANY AND ALL POTENTIAL CONFLICTS OF INTEREST. ALL NEW BOARD MEMBERS ARE ALSO REQUIRED TO ACKNOWLEDGE, COMPLY WITH, AND SIGN ORGANIZATION'S CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION FOLLOWED ORGANIZATION'S STANDARD PRACTICES AND CONTINUES TO BE PERIODICALLY REVIEWED BY THE ORGANIZATION'S EXECUTIVE LEADERSHIP AND/OR BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. MANY SUCH DOCUMENTS ARE ALSO REGULARLY AVAILABLE TO THE PUBLIC THROUGH THIRD PARTY WEBSITES SUCH AS GUIDESTAR AND THE FOUNDATION CENTER. FORM 990, PART IX, LINE 11G OTHER FEES-PROGSERV-990: PROGRAM SERVICE EXPENSES 29,644. MANAGEMENT AND GENERAL EXPENSES 16,247. FUNDRAISING EXPENSES 32,698. TOTAL EXPENSES 78,589. REASONABLE CAUSE WAIVER REQUEST - IRC 6651, FAILURE TO FILE PENALTY FOR THE YEAR ENDED DECEMBER 31, 2018, DUE TO LATE FILED RETURN DUE TO CCH SOFTWARE OUTAGEDUE TO DELAYS IN FINALIZING THE ORGANIZATION'S 2018 AUDITED FINANCIAL STATEMENTS, THE ORGANIZATION ATTEMPTED TO REQUEST A 6-MONTH FILING EXTENSION FROM MAY 15, 2019 TO NOVEMBER 15, 2019 VIA FORM 8868 APPLICATION FOR EXTENSION OF TIME TO FILE AN EXEMPT ORGANIZATION RETURN BUT WAS UNABLE TO DO SO DUE TO THE CCH SOFTWARE OUTAGE.WE BELIEVE WE HAVE REASONABLE CAUSE FOR FILING LATE GIVEN THE CIRCUMSTANCES. WE CONTACTED THE IRS IN JUNE 2019 TO EXPLAIN THE SEQUENCE OF EVENTS, PRIOR TO THE ORGANIZATION BEING NOTIFIED OF A LATE FILING BY THE IRS, THEREBY DEMONSTRATING THAT WE ACTED RESPONSIBLY AND IN GOOD FAITH. WE BELIEVE THIS DEMONSTRATES THAT WE DID NOT WILLFULLY NEGLECT OUR FILING REQUIREMENT. IN ADDITION, WE WOULD ALSO REQUEST THAT YOU CONSIDER THE PRIOR FILING HISTORY OF THE ORGANIZATION. THE ORGANIZATION HAS A HISTORY OF FILING ITS PRIOR TAX RETURNS ON TIME. THEREFORE, WE BELIEVE THAT THIS SHOWS GOOD EVIDENCE THAT THE ORGANIZATION COMMITTED TO FILING ITS TAX RETURNS ON TIME AND WILL CONTINUE TO DO SO.TO PREVENT FUTURE LATE FILINGS WE ARE IN THE PROCESS OF ENGAGING A NEW TAX CONSULTANT TO ASSIST US WITH ALL THE ANNUAL FILING REQUIREMENTS THAT PERTAIN TO THE ORGANIZATION. THEREFORE, THE ORGANIZATION WILL HAVE AN ENHANCED SYSTEM IN PLACE TO MAKE SURE THAT ANY FUTURE TAX RETURNS ARE FILED ON A TIMELY BASIS.WE RESPECTFULLY REQUEST THAT THE IRS ABATE ALL ASSESSED PENALTIES AND INTEREST RELATED TO OUR 2018 FORM 990 THANK YOU FOR CONSIDERING OUR REQUEST.