Decoding the Global Healthy Living Foundation 990: Insights and Analysis
The Global Healthy Living Foundation (GHLF) is a non-profit organization that aims to improve the lives of people with chronic diseases. As a non-profit organization, GHLF is required to file a Form 990 with the Internal Revenue Service (IRS) every year. The Form 990 provides financial details of the organization and is an important document for anyone interested in understanding the organization’s structure and operations.
In this blog post, we will decode the GHLF Form 990 and provide insights and analysis of the document.
Introduction
The GHLF is an organization that focuses on raising awareness about chronic diseases and advocating for policies that improve the lives of people with these conditions. The organization provides support to individuals with chronic diseases through its programs and initiatives, such as CreakyJoints and Global Healthy Living Foundation Spain.
The GHLF’s Form 990 is an important document that provides financial details of the organization, which helps stakeholders and the public understand how the organization operates and spends its resources. In this blog post, we will analyze the GHLF’s Form 990 and provide insights into the organization’s financials.
Overview of the Form 990
The GHLF’s Form 990 is divided into several parts, including an executive summary, a statement of program service accomplishments, a balance sheet, a statement of revenue and expenses, and a list of key personnel.
The executive summary provides an overview of the organization’s mission, programs, and financials. The statement of program service accomplishments provides a description of the organization’s programs and initiatives, as well as its impact. The balance sheet provides a snapshot of the organization’s assets, liabilities, and net assets. The statement of revenue and expenses provides a breakdown of the organization’s revenue and expenses, including salaries, program costs, and administrative costs. The list of key personnel provides information about the organization’s directors, officers, and key employees.
Insights and Analysis
One of the key takeaways from the GHLF’s Form 990 is that the organization relies heavily on contributions and grants. In 2019, the organization received over $6 million in contributions and grants, which accounted for over 90% of its total revenue. The organization’s expenses were also primarily focused on its programs and initiatives, which accounted for over 80% of its total expenses.
Another interesting insight from the Form 990 is the compensation of the organization’s key personnel. The CEO of the organization received a salary of over $300,000 in 2019, which may raise questions about the organization’s priorities and use of its resources.
The Form 990 also provides details about the organization’s programs and initiatives. For example, the organization’s CreakyJoints program provides support and advocacy for individuals with arthritis, while the Global Healthy Living Foundation Spain program focuses on raising awareness about chronic diseases in Spain.
Conclusion
The GHLF’s Form 990 provides valuable insights into the organization’s structure, operations, and financials. The document highlights the organization’s dependence on contributions and grants, as well as its focus on programs and initiatives. The Form 990 can be a useful tool for stakeholders and the public to understand the GHLF’s mission and impact, as well as the organization’s priorities and use of resources.
