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Nonprofiteer
← GLOBAL COMPACT NETWORK USA INC

Form 990 for tax year 2022

Filed by GLOBAL COMPACT NETWORK USA INC.

Totals

Total revenue
$1,742,668
Total expenses
$1,568,900
Contributions and grants received
$1,736,066
Grants paid
$0
Program service revenue
$0
Investment income
$6,602
Other revenue
$0
Total assets, end of year
$3,005,921
Total liabilities, end of year
$854,132
Net assets or fund balances, end of year
$2,151,789
Program services expenses (Part IX)
$960,026
Management and general expenses
$432,863
Fundraising expenses
$176,011
Program service expenses (Part III)
$960,026

Program services were 61.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,736,066

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $6,620 · excluded $6,620

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    other assets $100,941

  • 7b · Less cost or other basis and sales expenses

    other assets $100,959

  • 7c · Gain or loss

    securities $0 · other assets -$18

  • 7d · Net gain or loss

    total -$18 · excluded -$18

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $416,581 · program services $174,087 · management and general $157,415 · fundraising $85,079

  • 7 · Other salaries and wages

    total $168,514 · program services $70,373 · management and general $63,629 · fundraising $34,512

  • 9 · Other employee benefits

    total $66,311 · program services $27,851 · management and general $25,198 · fundraising $13,262

  • 10 · Payroll taxes

    total $36,998 · program services $15,539 · management and general $14,059 · fundraising $7,400

  • 11f · Fees: investment management

    total $1,542 · management and general $1,542

  • 11g · Fees: other

    total $316,222 · program services $206,576 · management and general $109,646 · fundraising $0

  • 12 · Advertising and promotion

    total $25,932 · program services $25,932

  • 13 · Office expenses

    total $119,906 · program services $55,956 · management and general $39,969 · fundraising $23,981

  • 16 · Occupancy

    total $21,608 · program services $10,429 · management and general $6,709 · fundraising $4,470

  • 17 · Travel

    total $24,779 · program services $11,564 · management and general $8,260 · fundraising $4,955

  • 19 · Conferences, conventions and meetings

    total $356,231 · program services $356,231

  • 23 · Insurance

    total $4,001 · program services $693 · management and general $3,011 · fundraising $297

  • 24a · Other expenses: Dues & Subscriptions

    total $10,275 · program services $4,795 · management and general $3,425 · fundraising $2,055

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,819,707 · end of year $963,812

  • 2 · Savings and temporary cash investments

    beginning of year $2,098 · end of year $592,533

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $49,552 · end of year $45,414

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $1,404,162

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,017 · end of year $70,439

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $854,595 · end of year $783,693

  • 27 · Net assets without donor restrictions

    beginning of year $2,003,745 · end of year $2,151,789

Mission and programs · 2022

Mission

THE GLOBAL COMPACT NETWORK USA IS A FORUM DESIGNED TO BRING US-BASED COMPANIES AND US-BASED UNITS OF FOREIGN COMPANIES THAT ARE SIGNATORIES TO THE UNITED NATIONS GLOBAL COMPACT TOGETHER WITH STAKEHOLDERS FROM THE PUBLIC SECTOR, CIVIL SOCIETY, LABOR, ACADEMIA, AND OTHER SPHERES IN ORDER TO ADVANCE THE PRINCIPLES OF THE UNITED NATIONS GLOBAL COMPACT.

Activities or mission (Part I)

GLOBAL COMPACT NETWORK USA IS A FORUM TO BRING U.S. BASED SIGNATORY COMPANIES OF THE UNITED NATIONS GLOBAL COMPACT TOGETHER WITH STAKEHOLDERS TO ADVANCE THE TEN UNGC PRINCIPLES.

  • Global Compact Network USA organized virtual events convening corporate sustainability leaders, civil society organizations, and United Nations representatives. These multi-stakeholder forums promoted awareness and the sharing of best practices related to the UN Global Compact's Ten Principles, the United Nations Sustainable Development goals, and topics such as gender equality and climate action.

    Expenses $960,026

As filed on the 2022 return.

Listed in Part VII

  • Christopher Gray

    DIRECTOR, CHAIR

    Total calculated
    $0
    Hours/week
    2.5

  • Daniella Foster

    DIRECTOR; SECRETARY

    Total calculated
    $0
    Hours/week
    1.5

  • Gayle Schueller

    DIRECTOR, VICE CHAIR

    Total calculated
    $0
    Hours/week
    1.5

  • Joseph Cahill

    DIRECTOR; TREASURER

    Total calculated
    $0
    Hours/week
    1.5

  • Ann Tracy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Eunice Heath

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Jennifer Leitsch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Shobha Meera

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Adam Gordon

    ENGAGEMENT DIRECTOR & INTERIM EXECUTIVE DIRECTOR

    Total calculated
    $259,914
    From this org
    $194,526
    From related orgs
    $0
    Other
    $65,388
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,526
    Bonus
    $25,000
    Other
    $0
    Deferred
    $15,756
    Nontaxable benefits
    $49,632
    Filer's total
    $259,914

  • Jacqueline Grace

    EXECUTIVE DIRECTOR 4/2022 through 8/2022

    Total calculated
    $156,667
    From this org
    $151,771
    From related orgs
    $0
    Other
    $4,896
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $89,521
    Bonus
    $3,500
    Other
    $58,750
    Deferred
    $4,896
    Nontaxable benefits
    $0
    Filer's total
    $156,667

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 4a Severance or change-of-control payment
Jacqueline Grace received severance payments of $58,750 during 2022. These payments are taxable to the individual and are reported on Sch J, Column B(iii).
Schedule J, Part I, Line 7 Non-fixed payments
Bonuses for all employees are awarded and approved at the discretion of the board based on the employee's individual performance.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202303189349300615

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