Nonprofit · EIN 85-2986133
GLOBAL FACULTY INITIATIVE
Tax-exempt (reinstated) · EVANSTON, IL 60201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $31,601 | $28,288 | $3,313 | $15,620 | $0 | $15,620 |
| December 31, 2024 | 990-EZ | $32,997 | $30,470 | $2,527 | $12,307 | $0 | $12,307 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $28,601
- Other revenue
- $3,000
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $3,501
- Printing, publications and postage
- $913
- Other expenses
- $23,874
Balance sheet and other
- Total assets, start of year
- $12,307
- Total assets, end of year
- $15,620
- Total liabilities, end of year
- $0
- Net assets, end of year
- $15,620
- Cash, savings and investments
- $15,620
- Gross receipts
- $31,601
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERENCE HALLIDAY | PRESIDENT & TREASURER | 5 | $0 |
| KHIO-KHNG YEO | VICE PRESIDENT | 5 | $0 |
| RICHARD BELL | SECRETARY | 5 | $0 |
990-EZ for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERENCE HALLIDAY | PRESIDENT & TREASURER | 5 | $0 |
| KHIO-KHNG YEO | VICE PRESIDENT | 5 | $0 |
| RICHARD BELL | SECRETARY | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 1 ARBOR LN APT 103, EVANSTON, IL 60201-1918
- In care of
- % CARE OF DR TERENCE C HALLIDAY
- Signed the 990-EZ
- TERENCE HALLIDAY, PRESIDENT
- Phone
- (847) 302-6550
- Return prepared by
- SUMMIT TAX GROUP LLC
Mission
TO BRING THEOLOGIANS INTO CONVERSATIONS WITH SCHOLARS IN RESEARCH UNIVERSITIES WORLDWIDE.
Program accomplishments
- THEOLOGIANS AND DISCIPLNARY SCHOLARS IN RESEARCH UNIVERSITIES WORLDWIDE ARE ENGAGED IN WRITTEN FAITH AND SCHOLARSHIP DIALOGUES ON TOPICS SUCH AS JUSTICE, FLOURISHING AND LOVE WHICH ARE PUBLISHED ONLINE AT WWW.FACULTYINITIATIVE.NET
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 85-2986133
- 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
- 2024
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Religion-related (X20)
- Assets (IRS master file)
- $15,620
- Income (IRS master file)
- $31,601
Revocation and reinstatement
- Exemption revoked
- May 15, 2023
- Posted by the IRS
- August 14, 2023
- Reinstated
- Effective May 15, 2023
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $31,601 | $28,288 | $15,620 | IRS |
| 990-EZ | December 2024 | $32,997 | $30,470 | $12,307 | XML |
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 85-2986133).
Questions about GLOBAL FACULTY INITIATIVE
- What is the EIN of GLOBAL FACULTY INITIATIVE?
- The employer identification number (EIN) of GLOBAL FACULTY INITIATIVE is 85-2986133.
- Is GLOBAL FACULTY INITIATIVE tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2023 and reinstated it effective May 15, 2023.
- Are donations to GLOBAL FACULTY INITIATIVE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GLOBAL FACULTY INITIATIVE file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of GLOBAL FACULTY INITIATIVE 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 FACULTY INITIATIVE last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of GLOBAL FACULTY INITIATIVE?
- The 990-EZ for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does GLOBAL FACULTY INITIATIVE have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $31,601, expenses of $28,288 and total assets of $15,620 at year end.
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