Form 990 for tax year 2022
Filed by GLOBAL INNOVATION DISTRICTS INC.
Totals
- Total revenue
- $1,202,803
- Total expenses
- $936,953
- Contributions and grants received
- $1,129,695
- Grants paid
- $0
- Program service revenue
- $73,108
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $1,322,105
- Total liabilities, end of year
- $91,050
- Net assets or fund balances, end of year
- $1,231,055
- Program services expenses (Part IX)
- $717,957
- Management and general expenses
- $115,351
- Fundraising expenses
- $103,645
- Program service expenses (Part III)
- $717,957
Program services were 76.6% 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
$1,129,695
-
2a · Program service revenue: CONSULTING FEES
total $73,108 · related or exempt $73,108
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $427 · management and general $427
-
11c · Fees: accounting
total $47,439 · management and general $47,439
-
11g · Fees: other
total $804,050 · program services $657,494 · management and general $42,911 · fundraising $103,645
-
14 · Information technology
total $16,206 · program services $11,120 · management and general $5,086
-
17 · Travel
total $25,743 · program services $25,743
-
19 · Conferences, conventions and meetings
total $5,007 · management and general $5,007
-
22 · Depreciation, depletion and amortization
total $5,458 · management and general $5,458
-
23 · Insurance
total $5,326 · management and general $5,326
-
24a · Other expenses: SUBSCRIPTIONS
total $23,600 · program services $23,600
-
24b · Other expenses: BANK CHARGES
total $3,697 · management and general $3,697
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $469,936 · end of year $747,489
-
3 · Pledges and grants receivable
beginning of year $428,071 · end of year $544,501
-
4 · Accounts receivable
beginning of year $153,157 · end of year $16,100
-
9 · Prepaid expenses and deferred charges
end of year $9,855
-
10a · Land, buildings and equipment: cost or other basis
$30,386
-
10b · Land, buildings and equipment: accumulated depreciation
$26,226
-
10c · Land, buildings and equipment, net
beginning of year $4,154 · end of year $4,160
-
17 · Accounts payable and accrued expenses
beginning of year $90,113 · end of year $91,050
-
27 · Net assets without donor restrictions
beginning of year $403,802 · end of year $532,293
-
28 · Net assets with donor restrictions
beginning of year $561,403 · end of year $698,762
Mission and programs · 2022
Mission
OUR MISSION IS TO ACCELERATE THE GROWTH AND EVOLUTION OF INNOVATION DISTRICTS INTO 21ST CENTURY PROBLEM-SOLVING GEOGRAPHIES THAT TAKE ON SOCIETAL CHALLENGES SUCH AS CLIMATE CHANGE, INFECTIOUS DISEASES, AND SOCIAL EQUITY.
Activities or mission (Part I)
THE GLOBAL INSTITUTE ON INNOVATION DISTRICTS IS A GLOBAL-REACHING NOT FOR PROFIT ORGANIZATION DEDICATED TO CONDUCTING INDEPENDENT AND PRACTICE ORIENTED RESEARCH ON INNOVATION DISTRICTS.
-
IN 2023, THE GLOBAL INSTITUTE EXPANDED THE SCOPE OF ITS GLOBAL NETWORK TO 45 INNOVATION DISTRICTS WORLDWIDE, MARKING A SIGNIFICANT MILESTONE IN OUR MISSION TO ADVANCE THE PRACTICE OF THIS UNIQUE PLACE-BASED MODEL OF INNOVATION. WE CONTINUED TO EMPOWER DISTRICTS IN THE NETWORK WITH EMPIRICAL ANALYSIS OF THEIR R&D ASSETS AND GOVERNANCE MODELS AMONG OTHER STRATEGIES TO STRENGHTHEN THEIR POSITION AND IMPACT. ADDITIONALLY, THE GLOBAL INSTITUTE PROVIDED STRATEGIC SUPPORT TO SELECT EMERGING DISTRICTS STRIVING TO LEVERAGE THEIR R&D AND ADVANCED INDUSTRY STRENGTHS. BY OFFERING TAILORED GUIDANCE AND RESOURCES, WE ASSISTED THESE DISTRICTS IN OVERCOMING CHALLENGES AND CAPITALIZING ON OPPORTUNITIES FOR GROWTH. THE COLLECTIVE FINDINGS FROM OUR NETWORK ARE BEING AGGREGATED TO DEVELOP PUBLIC-FACING MATERIALS, ENSURING THAT INNOVATIVE AND EQUITABLE GROWTH REMAINS AT THE FOREFRONT OF CITY AND REGIONAL DEVELOPMENT EFFORTS WORLDWIDE.
Expenses $717,957 · Revenue $73,108
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Julie WagnerJULIE WAGNER
PRESIDENT (SEE SCHEDULE O)
- Total calculated
- $144,000
- From this org
- $0
- From related orgs
- $144,000
- Other
- $0
- Hours/week
- 60
-
Pamela PuchalskiPAMELA PUCHALSKI
VICE PRESIDENT AND TREASURER
- Total calculated
- $9,500
- From this org
- $9,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Carrie KolaskiCARRIE KOLASKI
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Thomas OshaTHOMAS OSHA
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Bruce KatzBRUCE KATZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Eitan KyietEITAN KYIET
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401369349314560
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