Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $11,736,899

• 1f · All other contributions, gifts and grants

  $194,787

• 2a · Program service revenue: CONFERENCES & EVENTS

  total $311,625 · related or exempt $311,625

• 2b · Program service revenue: OTHER PROGRAM REVENUE

  total $56,925 · related or exempt $56,925

• 2c · Program service revenue: MEMBERSHIP DUES

  total $36,084 · related or exempt $36,084

• 11a · Other revenue: LICENSE FEES, MISC. REVENUE

  total $11,388 · excluded $11,388

• 11e · Other revenue, total

  $11,388

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $7,578,718 · program services $7,578,718

• 2 · Grants to domestic individuals

  total $300,282 · program services $300,282

• 3 · Grants to foreign organizations and individuals

  total $30,520 · program services $30,520

• 5 · Compensation of officers, directors and key employees

  total $433,099 · program services $286,325 · management and general $146,774

• 7 · Other salaries and wages

  total $1,590,425 · program services $1,355,600 · management and general $182,879 · fundraising $51,946

• 8 · Pension plan contributions

  total $128,350 · program services $111,992 · management and general $12,043 · fundraising $4,315

• 9 · Other employee benefits

  total $348,942 · program services $291,460 · management and general $47,844 · fundraising $9,638

• 10 · Payroll taxes

  total $181,309 · program services $143,445 · management and general $33,195 · fundraising $4,669

• 11b · Fees: legal

  total $16,500 · management and general $16,500

• 11c · Fees: accounting

  total $53,423 · management and general $53,423

• 11g · Fees: other

  total $443,034 · program services $320,133 · management and general $73,326 · fundraising $49,575

• 13 · Office expenses

  total $202,719 · program services $102,381 · management and general $96,965 · fundraising $3,373

• 14 · Information technology

  total $47,236 · program services $32,222 · management and general $14,070 · fundraising $944

• 16 · Occupancy

  total $228,617 · management and general $228,617

• 17 · Travel

  total $589,763 · program services $368,904 · management and general $211,339 · fundraising $9,520

• 19 · Conferences, conventions and meetings

  total $436,810 · program services $273,230 · management and general $156,529 · fundraising $7,051

• 22 · Depreciation, depletion and amortization

  total $35,593 · program services $10,739 · management and general $24,854

• 23 · Insurance

  total $10,782 · management and general $10,782

• 24a · Other expenses: BOARD OF DIRECTORS

  total $48,848 · program services $6,616 · management and general $42,210 · fundraising $22

• 24b · Other expenses: LICENSES & FEES

  total $18,006 · program services $180 · management and general $17,776 · fundraising $50

• 24c · Other expenses: BUSINESS EXPENSES

  total $1,510 · management and general $1,510

• 24e · All other expenses

  total $48,549 · program services $6,576 · management and general $41,952 · fundraising $21

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $852,790 · end of year $1,252,917

• 3 · Pledges and grants receivable

  beginning of year $60,924 · end of year $1,403

• 4 · Accounts receivable

  beginning of year $2,128,633 · end of year $1,416,660

• 9 · Prepaid expenses and deferred charges

  beginning of year $116,260 · end of year $80,473

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

  $238,028

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

  $123,792

• 10c · Land, buildings and equipment, net

  beginning of year $149,829 · end of year $114,236

• 12 · Investments: other securities

  beginning of year $1,039,434 · end of year $1,160,506

• 15 · Other assets

  beginning of year $1,428,257 · end of year $1,291,158

• 17 · Accounts payable and accrued expenses

  beginning of year $343,513 · end of year $244,105

• 19 · Deferred revenue

  beginning of year $585,698 · end of year $1,256,304

• 25 · Other liabilities

  beginning of year $3,871,572 · end of year $3,129,319

• 27 · Net assets without donor restrictions

  beginning of year $795,033 · end of year $507,314

• 28 · Net assets with donor restrictions

  beginning of year $180,311 · end of year $180,311

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION POLICY FOR PRESIDENT/CEO GUIDING VALUES OF BOARD APPROVAL OF COMPENSATION: THE PRESIDENT/CEO OF GLOBAL TIES U.S. IS THE PRINCIPAL REPRESENTATIVE OF GLOBAL TIES U.S., AND THE PERSON RESPONSIBLE FOR THE EFFICIENT OPERATION OF GLOBAL TIES U.S. THEREFORE, IT IS THE DESIRE OF THE BOARD TO PROVIDE A FAIR YET REASONABLE AND NOT EXCESSIVE COMPENSATION FOR THE PRESIDENT/CEO THAT IS WITHIN INDUSTRY NORMS. AT ALL TIMES THE BOARD SHOULD PRIORITIZE THE BEST INTERESTS OF GLOBAL TIES U.S., WHICH INCLUDES MAINTAINING THE ORGANIZATION'S INTEGRITY, ITS COMPETITIVENESS AND BEST-VALUE FOR FUNDING, AND THE STATED VALUES OF THE ORGANIZATION. PROCESS FOR DETERMINING COMPENSATION: THE FULL BOARD WILL ANNUALLY EVALUATE THE PRESIDENT/CEO ON HIS/HER PERFORMANCE, AT APPROXIMATELY THE SAME TIME THAT EMPLOYEE EVALUATIONS ARE CONDUCTED. THE VICE CHAIR WILL CONDUCT THE EVALUATION AND PREPARE A SUMMARY

PART I, LINE 7

THE ORGANIZATION PROVIDES DISCRETIONARY BONUSES TO THE INDIVIDUALS REPORTED ON SCHEDULE J, PART II, BASED ON PERFORMANCE. THESE INDIVIDUALS UNDERGO BOTH MID-TERM AND ANNUAL EVALUATIONS, DURING WHICH THEIR PERFORMANCE AND ACHIEVEMENTS ARE FOMALLY DOCUMENTED. THIS DOCUMENTATION IS USED TO ASSESS ELIGIBILITY FOR BONUSES. THE ORGANIZATION ALSO CONSIDERS THE AVAILABILITY OF FUNDS WHEN DETERMINING WHETHER BONUSES WILL BE AWARDED. FINAL BONUS AMOUNTS ARE DETERMINED AT THE DISCRETION OF THE PRESIDENT/CEO.