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Nonprofit · EIN 55-0904687

GLOBAL INHERITANCE INC

Tax-exempt (reinstated) · LOS ANGELES, CA 90021

Financials

$342K$331K2023$341K$311K2024
Revenue Expenses · by fiscal year end
Financials of GLOBAL INHERITANCE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$340,691$310,854$29,837$105,961$12,142$93,819
December 31, 2023990$342,197$330,757$11,440$70,961$6,979$63,982
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$340,691
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$105,000
Other salaries and wages
$20,475
Salaries, compensation and benefits (total)
$22,349
Professional fundraising fees
$0
Occupancy
$33,420
Travel
$5,914
Program services (functional)
$289,273
Management and general (functional)
$21,581

Balance sheet and other

Total assets, start of year
$70,961
Total assets, end of year
$105,961
Total liabilities, end of year
$12,142
Net assets, end of year
$93,819
Publicly traded securities
$97,000
Net assets without donor restrictions
$93,819
Gross receipts
$340,691
Employees
2
Volunteers
75
Year formed
2005
State of legal domicile
CA

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 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
ERIC RITZEXECUTIVE DI
Trustee or director, Officer
40$11,250
MAGDALENA NAVARLATZ RITZDIRECTOR
Trustee or director, Officer
20$9,225
MATT BRADYCFO/V.P./DIR
Trustee or director, Officer
3$0
AARON CARPENTERDIRECTOR
Trustee or director, Officer
2$0
MICHELLE PLOTKINSECRETARY/DI
Trustee or director, Officer
3$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensationOther / benefits
ERIC RITZEXECUTIVE DI
Trustee or director, Officer
40$6,750$23,758
MAGDALENA NAVARLATZ RITZDIRECTOR
Trustee or director, Officer
20$1,230$11,397
MATT BRADYCFO/V.P./DIR
Trustee or director, Officer
3$0$0
GIAN LUCA BRIGNONESECRETARY/DI
Trustee or director, Officer
3$0$0
MICHELLE PLOTKINDIRECTOR
Trustee or director, Officer
3$0$0

Address and contacts

Address (IRS master file)
1855 INDUSTRIAL STREET SUITE 613, LOS ANGELES, CA 90021-0000
In care of
% ERIC RITZ
Principal officer (990 for 2024)
ERIC RITZ, 1855 INDUSTRIAL STREET SUITE 613, LOS ANGELES, CA 90021
Signed the 990
ERIC RITZ, EXECUTIVE DIRECTOR
Phone
(213) 683-8442
Return prepared by
DOVID EINSTEIN CPA APC

Mission

GLOBAL INHERITANCE WORKS TO REINVENT ACTIVISM AND EMPOWER INDIVIDUALS TO SEEK A GLOBAL BALANCE. OUR INITIATIVES FOCUS ON THE POWER OF CREATIVITY TO COMMUNICATE AND DRIVE PROGRESSIVE ENVIRONMENTAL AND SOCIAL CHANGE. GLOBAL INHERITANCE DEVELOPS CAMPAIGNS WHICH CATER SPECIFICALLY TO INDIVIDUAL DEMOGRAPHIC GROUPS, TARGETING THE MESSAGE AND EXPERIENCE TO BE APPROACHABLE FOR VARIOUS SUBCULTURES.

990 for the year ended December 31, 2024

Program accomplishments

  • ON OCTOBER 25TH, GLOBAL INHERITANCE, SOCALREN AND THE LOS ANGELES + BURBANK UNIFIED SCHOOL DISTRICT (LAUSD) ARE INVITING STUDENTS TO EXPERIENCE THE THE ENERGY BATTLE ROYAL AT THE FUTURE GREEN LEADERS SUMMIT AT THE DISCOVERY CUBE. THE SUMMIT'S MISSION IS TO PROVIDE MORE THAN 1,000 MIDDLE SCHOOL STUDENTS FROM SOUTHERN CALIFORNIA WITH THE INSPIRATION AND EXPOSURE NEEDED TO EXPLORE FUTURE CAREER PATHWAYS IN SUSTAINABILITY AND ENERGY EFFICIENCY. ALL STUDENTS RECEIVED "POWER CARDS" AS THEY ENTERED THE CONFERENCE, WHICH ASSIGNED THEM TO A SPECIFIC ENERGY SOURCE. THE RENEWABLE ENERGY SOURCES AND MC COMMUNICATED THE PROS AND CONS OF EACH POWER SOURCE WHILE PROFESSIONAL DANCERS SHOWED THE STUDENTS ORIGINAL RAPS + DANCE MOVES + REPRESENTING EACH ENERGY SOURCE. THE WORLD'S LEADING RENEWABLE ENERGY SOURCES - SOLAR, WIND, GEOTHERMAL, HYDROGEN, TIDAL, NUCLEAR, BIOGAS AND ETHANOL - ENGAGED IN FOUR, EPIC HEAD-TO-HEAD SHOWDOWNS. STUDENTS QUICKLY LEARNED THAT EVERY RENEWABLE ENERGY SOURCE PLAYS A HUGE ROLE IN POWERING OUR PLANET AND DEFEATING CLIMATE CHANGE, AND WE NEED TO SUPPORT THEM ALL. GLOBAL INHERITANCE DEVELOPED AND PRODUCED THE ART OF RECYCLING INITIATIVE AT THE COACHELLA MUSIC & ARTS FESTIVAL (INDIO, CA) FOR THE PROGRAM'S 20TH ANNIVERSARY INSPIRING MUSIC FANS TO SUPPORT A WASTE FREE VENUE AND MORE SUSTAINABLE FESTIVAL EXPERIENCE,. OTHER ART OF RECYCLING DATES INCLUDING TEH, FURTHER FEST (TURIN, ITALY), AND STAGECOACH MUSIC FESTIVAL (INDIO, CA). GLOBAL INHERITANCE REDESIGNED OVER 160 RECYCLING BINS BY 80 DIFFERENT ARTISTS. THE ARTWORK WAS SHOWCASED AT SPECIAL PRE-SHOW FREE EVENTS AT THE FESTIVAL AND DONATED TO SCHOOLS AFTER THE FESTIVAL TO LAUNCH RECYCLING AND SUSTAINABILITY PROGRAMS ON CAMPUS. GLOBAL INHERITANCE PRODUCED THE POSTED STUDIO AND POSTED STUDIO AT THE COACHELLA MUSIC & ARTS FESTIVAL (INDIO,CA). THIS INTERACTIVE ART STUDIO ENCOURAGES EVENT ATTENDEES TO DEVELOP POSTER CONCEPTS AROUND ENVIRONMENTAL AND SOCIAL ISSUES THEY FEEL CONNECTED WITH. THESE POSTER CONCEPTS ARE PUT ON DISPLAY WITHIN THE STUDIO, AND THEN A HANDFUL OF POSTERS ARE SELECTED BY A PROFESSIONAL ARTIST TO REDESIGN. THE FINAL REDESIGNS ARE THEN PLACED ONLINE FOR PEOPLE TO DOWNLOAD AND USE IN SCHOOL PRESENTATIONS, WALL ART AND OTHER NON-COMMERCIAL PURPOSES. SUPPORTING THE POSTED STUDIO, GLOBAL INHERITANCE ALSO PRODUCED A SPEAKER SERIES AT TWO DIFFERENT LOCATIONS ONSITE.. THE POSTED STUDIO SPEAKER STAGE IS AN OPPORTUNITY TO HIGHLIGHT LEADERS IN THE CLIMATE, SOCIAL, AND ENVIRONMENTAL EDUCATION SPACE WHO WANT TO SHARE THEIR KNOWLEDGE AND INSPIRE COACHELLA ATTENDEES OVER TWO WEEKENDS. THE SPEAKER STAGE IS FLEXIBLE - TAKING THE FORMAT THAT BEST PRESENTS THE SPEAKER'S CONTENT: MODERATED Q/A SESSION, TED TALK STYLE PRESENTATION, SHOW & TELL OR INTERACTIVE WORKSHOP. THIS YEAR'S SPEAKER STAGE INCLUDED A NUMBER OF HIGH-PROFILE ACTIVISTS AND ENVIRONMENTALISTS, INCLUDING JADEN SMITH, LEAH THOMAS, MAGGIE BAIRD, ANNA LUNOE, DR. MARCIUS EXTAVOUR, SAMEER GADHIA, NASA SCIENTISTS, CORY RICHARDS, AIDAN REILLY, ROBIN GREENFIELD,RITA KAMPALATH, ADITI MAYER, KELCI ZILE, CHRIS RUFF, RASMUS MUNK AND MORE. GLOBAL INHERITANCE ORGANIZED AND PRODUCED A PUBLIC TRANSPORTATION/CARPOOLING INITIATIVE TO ENCOURAGE PEOPLE TO LEAVE THEIR CARS AT HOME AND/OR DRIVE WITH FOUR OR MORE PEOPLE IN THEIR CAR WHEN TRAVELING TO STAGECOACH MUSIC FESTIVAL AND COACHELLA MUSIC & ARTS FESTIVAL (INDIO,CA). THIS CAMPAIGN INSPIRED PEOPLE FROM DIFFERENT SOCIAL GROUPS/MUSICAL TASTES TO TRY CARPOOLING, THE SUBWAY OR BUS AND RECONSIDER HOW THEY VIEWED PUBLIC TRANSPORTATION AND SHARED RIDES. OVER 10,000 PEOPLE PARTICIPATED IN THE PROGRAM. THE ORGANIZATION'S LAUNCHED IT'S NEWEST PROGRAM, THE POSTED OFFICE AT TYLER THE CREATOR'S CAMP FLOG GNAW FESTIVAL. GLOBAL INHERITANCE CURRATED A COLLECTION OF POSTED CARDS DESIGNED BY LOS ANGELES AREA ARTIST. SELECTED ARTISTS DESIGNED POSTCARDS THAT REPRESENT THE IDEA OF KEEPING LOS ANGELES BEAUTIFUL - HIGHLIGHTING THE CITY'S NATURAL BEAUTY, OUR INSPIRING CITIZENS, AND PUBLIC GREEN SPACE INNOVATION. ALL WEEKEND LONG AT THE SOLD-OUT FESTIVAL, THOUSANDS OF ATTENDEES CONNECTED WITH OUR POSTED STAFF AND SENT PERSONAL MESSAGES FROM CAMP TO THEIR FRIENDS AND FAMILY AROUND THE COUNTRY THIS ACTIVATION BROUGHT MORE ARTWORK CREATED BY ANGELENO ARTISTS TO THE FESTIVAL SITE, BECAME A CENTRAL HUB FOR ENGAGING IN CREATIVITY, AND HELPED CONNECT PEOPLE WITH THEIR COMMUNITIES. HOSTED A SPECIAL EDITION OF PLASTIC SURGERY IN LOS ANGELES, CA TO SHOW PEOPLE HOW TO UNINVITE PLASTIC TO THEIR HOLIDAY PARTIES AND CELEBRATIONS. GLOBAL INHERITANCE'S PLASTIC SURGEONS OFFERED TIPS AND BEST PRACTICES TO KEEP THE HOLIDAY SEASON PLASTIC-FREE. GLOBAL INHERITANCE PRODUCED AND OPERATED A RECYCLING STORE EXCHANGE PROGRAM AT FESTIVALS THAT SAVED OVER 10 MILLION BOTTLES, CANS AND CUPS WORLDWIDE IN 2022. THE PROGRAM PROVIDED INCENTIVES TO FESTIVAL ATTENDEES FOR PARTICIPATING IN THE ACT OF RECYCLING IN EXCHANGE FOR PRIZES AND EXPERIENCES. IF NOT RECYCLED, THESE BOTTLES, CANS, AND CUPS WOULD MOST LIKELY LAND IN A LANDFILL. THE RECYCLING STORE VISITED THE KAPPA FUTUR FESTIVAL (TURIN, ITALY) IN 2024. DEVELOPED, EXECUTED, AND TOURED A CALIFORNIA ENERGY EDUCATION CAMPAIGN AT THE COACHELLA MUSIC & ARTS FESTIVAL IN INDIO, CA AND STAGECOACH MUSIC FESTIVAL. THESE EDUCATIONAL PROGRAMS TAUGHT INDIVIDUALS AND GROUPS ABOUT KINETIC ENERGY, WAYS TO CREATE AND CONVERT ENERGY USING HUMAN POWER AND REENGINEERED PLAYGROUND EQUIPMENT, HOW TO RESPECT YOUR USE OF ENERGY, THE IDEA OF WORKING TOGETHER AS A TEAM TO GENERATE ENERGY., AND THE DIFFERENT WAYS TO STORE ENERGY.
    Expenses $203,476 · grants $105,000
  • GENERAL ADMINISTRATION
    Expenses $85,797

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
55-0904687
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
2012
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Environment (C60)
Assets (IRS master file)
$105,961
Income (IRS master file)
$340,691

Revocation and reinstatement

Exemption revoked
May 15, 2011
Posted by the IRS
February 22, 2012
Reinstated
Effective April 15, 2012

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$342,197$330,757$70,961IRS
990December 2022$320,577$263,522$55,557IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about GLOBAL INHERITANCE INC

What is the EIN of GLOBAL INHERITANCE INC?
The employer identification number (EIN) of GLOBAL INHERITANCE INC is 55-0904687.
Is GLOBAL INHERITANCE INC tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2011 and reinstated it effective April 15, 2012.
Are donations to GLOBAL INHERITANCE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GLOBAL INHERITANCE INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of GLOBAL INHERITANCE INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GLOBAL INHERITANCE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of GLOBAL INHERITANCE INC?
The 990 for the year ended December 31, 2024 names ERIC RITZ.
Who are the officers and directors of GLOBAL INHERITANCE INC?
The 990 for the year ended December 31, 2024 lists 5 people; 2 received compensation from the organization, the highest $11,250 (ERIC RITZ, EXECUTIVE DI).
How much revenue does GLOBAL INHERITANCE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $340,691, expenses of $310,854 and total assets of $105,961 at year end.

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