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Nonprofit · EIN 22-3080437

GLOBAL INITIATIVES INC

Tax-exempt · GLOUCESTER, MA 01930

Financials

$16K$12K2023$8K$14K2024$6K$7K2025
Revenue Expenses · by fiscal year end
Financials of GLOBAL INITIATIVES INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-EZ$6,000$6,769-$769$34,659–$34,659
December 31, 2024990-EZ$7,875$13,821-$5,946$35,428–$35,428
December 31, 2023990-EZ$16,000$11,911$4,089$41,374–$41,374
Financial details: 990-EZ for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$6,000

Expenses

Compensation of officers, directors and key employees
$0
Professional fees and payments to contractors
$500
Other expenses
$6,269
Program services (functional)
$6,000

Balance sheet and other

Total assets, start of year
$35,428
Total assets, end of year
$34,659
Total liabilities, end of year
–
Net assets, end of year
$34,659
Cash, savings and investments
$34,659
Gross receipts
$6,000

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-EZ for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
THOMAS ELLISPRES,TREAS,CLER0$0
PETER FEINSTEINDirector0$0
STEPHEN SACCADirector0$0
BRIAN ELLISDirector0$0
990-EZ for the year ended December 31, 2024: 4 people
NameTitleHours / weekCompensation
THOMAS ELLISPRES,TREAS,CLER0$0
PETER FEINSTEINDirector0$0
STEPHEN SACCADirector0$0
BRIAN ELLISDirector0$0
990-EZ for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
THOMAS ELLISPRES,TREAS,CLER0$0
PETER FEINSTEINDirector0$0
STEPHEN SACCADirector0$0
BRIAN ELLISDirector0$0

Address and contacts

Address (IRS master file)
5 OLD BRAY ST, GLOUCESTER, MA 01930-1522
Mailing address (990-N for 2009)
3 Crafts Road, Gloucester MA 01930
Principal officer (990-N for 2009)
Ruth Salinger, 3 Crafts Rd, Gloucester MA 01930
Signed the 990-EZ
THOMAS E ELLIS, President
Phone
(978) 869-3170
Return prepared by
HARVEY & MARTIN PLLC

Mission

RAISING MONEY TO BUILD A REPLICA OF A 1922 AMERICAN SCHOONER THAT WILL BE A PLATFORM FOR RENEWABLE ENERGY AND A GREEN PLANET, SCHOONER WILL BE USED FOR SAIL TRAINING AND ENVIRONMENTAL EDUCATION OF HIGH SCHOOL STUDENTS.

990-EZ for the year ended December 31, 2025

Program accomplishments

  • RAISING MONEY TO BUILD A REPLICA OF A 1922 AMERICAN SCHOONER THAT WILL BE A PLATFORM FOR RENEWABLE ENERGY AND A GREEN PLANET.
  • SCHOONER WILL BE USED FOR SAIL TRAINING AND ENVIRONMENTAL EDUCATION OF HIGH SCHOOL STUDENTS.
    Expenses $6,000
  • SCHOLARSHIPS

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-EZ on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

File the 2026 990-N for GLOBAL INITIATIVES INC

Due May 17, 2027 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
22-3080437
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1991
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Category (NTEE)
Environment (C60Z)
Assets (IRS master file)
$34,659
Income (IRS master file)
$6,000

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2025$6,000$6,769$34,659XML
990-EZDecember 2024$7,875$13,821$35,428XML
990-EZDecember 2023$16,000$11,911$41,374XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2019–––IRS
990-EZDecember 2018–––IRS
990-N for 2009
Officer: Ruth Salinger
December 31, 2009≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-3080437).

Questions about GLOBAL INITIATIVES INC

What is the EIN of GLOBAL INITIATIVES INC?
The employer identification number (EIN) of GLOBAL INITIATIVES INC is 22-3080437.
Is GLOBAL INITIATIVES INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
Are donations to GLOBAL INITIATIVES INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GLOBAL INITIATIVES INC file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of GLOBAL INITIATIVES INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GLOBAL INITIATIVES INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
Who is the principal officer of GLOBAL INITIATIVES INC?
The 990-N for 2009 names Ruth Salinger.
Who are the officers and directors of GLOBAL INITIATIVES INC?
The 990-EZ for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
How much revenue does GLOBAL INITIATIVES INC have?
On its 990-EZ for the year ended December 31, 2025 it reported revenue of $6,000, expenses of $6,769 and total assets of $34,659 at year end.

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