Skip to content
Nonprofiteer
← GROUP OF 50 FOUNDATION INC

Form 990 for tax year 2022

Filed by GROUP OF 50 FOUNDATION INC.

Totals

Total revenue
$112,532
Total expenses
$470,497
Contributions and grants received
$109,429
Grants paid
$15,000
Program service revenue
$2,396
Investment income
$685
Other revenue
$22
Total assets, end of year
$2,347,116
Total liabilities, end of year
$10,904
Net assets or fund balances, end of year
$2,336,212
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$41,115

Program services were 0.0% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $109,429

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: ANNUAL CONFERENCE

    total $2,396 · related or exempt $2,396 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $685 · related or exempt $0 · unrelated business $0 · excluded $685

  • 4 · Income from investment of tax-exempt bond proceeds

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

  • 5 · Royalties

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

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11d · All other revenue

    total $22 · related or exempt $22 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $22

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,000

  • 5 · Compensation of officers, directors and key employees

    total $122,772

  • 7 · Other salaries and wages

    total $95,114

  • 9 · Other employee benefits

    total $22,719

  • 10 · Payroll taxes

    total $12,245

  • 11b · Fees: legal

    total $170

  • 11c · Fees: accounting

    total $5,964

  • 11g · Fees: other

    total $142,994

  • 13 · Office expenses

    total $12,303

  • 14 · Information technology

    total $12,549

  • 16 · Occupancy

    total $11,659

  • 17 · Travel

    total $11,806

  • 22 · Depreciation, depletion and amortization

    total $1,462

  • 23 · Insurance

    total $3,740

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $982,564 · end of year $229,448

  • 2 · Savings and temporary cash investments

    beginning of year $1,701,200 · end of year $2,101,884

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,122 · end of year $10,937

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

    $6,934

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

    $4,642

  • 10c · Land, buildings and equipment, net

    beginning of year $3,087 · end of year $2,292

  • 14 · Intangible assets

    beginning of year $3,222 · end of year $2,555

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,655 · end of year $10,904

  • 27 · Net assets without donor restrictions

    beginning of year $2,690,540 · end of year $2,336,212

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

THE GROUP OF 50 IS AN INDEPENDENT, NON-PROFIT ORGANIZATION AND HAS NO PARTISAN, IDEOLOGICAL, RELIGIOUS, OR COMMERCIAL AFFILIATIONS OF ANY KIND. ITS MEMBERS ARE SELECTED NOT ONLY FOR THE SUCCESS OF THEIR ENTERPRISES BUT ALSO FOR THEIR COMMITMENT TO DEMOCRACY AND THEIR IMPECCABLE REPUTATION FOR ETHICAL BUSINESS BEHAVIOR; THE G50 MEMBERS ARE ALSO SOME OF THE LEADING PHILANTHROPISTS IN THE WESTERN HEMISPHERE. THE G50'S ANNUAL MEETINGS HAVE BECOME A LEADING FORUM FOR EXCHANGING IDEAS AND EXPERIENCES IN RESPONSE TO THE POLITICAL, ECONOMIC, AND SOCIAL TRENDS AFFECTING IBEROAMERICA AND THE WORLD. THE GROUP ALSO INCLUDES THE MILLENNIUM LEADERS OF THE GROUP OF 50 (ML50), A SELECT GROUP OF ENTREPRENEURS UNDER 40 WHO ARE ALREADY INFLUENTIAL BUSINESS FIGURES IN THE REGION.

Activities or mission (Part I)

THE GROUP OF 50 IS AN INDEPENDENT, NON-PROFIT ORGANIZATION AND HAS NO PARTISAN, IDEOLOGICAL, RELIGIOUS OR COMMERCIAL AFFILIATIONS OF ANY KIND. ITS MEMBERS ARE SELECTED NOT ONLY FOR THE SUCCESS OF THEIR ENTERPRISES, BUT ALSO FOR THEIR COMMITMENT TO DEMOCRACY AND THEIR IMPECCABLE REPUTATION FOR ETHICAL BUSINESS BEHAVIOR; THE G50 MEMBERS ARE ALSO SOME OF THE LEADING PHILANTHROPISTS IN THE WESTERN HEMISPHERE. THE G50'S ANNUAL MEETINGS HAVE BECOME A LEADING FORUM FOR EXCHANGING IDEAS AND EXPERIENCES IN RESPONSE TO THE POLITICAL, ECONOMIC AND SOCIAL TRENDS AFFECTING IBEROAMERICA AND THE WORLD. THE GROUP ALSO INCLUDES THE MILLENNIUM LEADERS OF THE GROUP OF 50 (ML50), A SELECT GROUP OF ENTREPRENEURS UNDER 40 WHO ARE ALREADY INFLUENTIAL BUSINESS FIGURES IN THE REGION.

  • THE G50 HOSTS AN ANNUAL MEETING (IN-PERSON OR VIRTUALLY) WITH LEADING THINKERS FROM DISCIPLINES THAT RANGE FROM ECONOMICS, GEOPOLITICS, HEALTHCARE, THE ARTS, THE ENVIRONMENT, AND BUSINESS STRATEGY, AMONG MANY OTHER TOPICS. OVER THE COURSE OF THESE MULTI-DAY FORUMS, MEMBERS ENGAGE IN MEANINGFUL DEBATE ACROSS A BROAD SET OF ISSUES. THESE INTIMATE, OFF-THE-RECORD, AND ENGAGING GATHERINGS HAVE ALLOWED FOR THE GROWTH OF A DYNAMIC NETWORK OF OUTSTANDING BUSINESS LEADERS AS WELL AS A FLUID EXCHANGE OF INNOVATIVE AND SOCIALLY FOCUSED BUSINESS PRACTICES WHICH ARE SPREAD THROUGHOUT THE WESTERN HEMISPHERE. FOR OVER MORE THAN TWO DECADES, THE G50 HAS HAD THE PRIVILEGE OF HOSTING SOME OF THE WORLD'S MOST DISTINGUISHED SPEAKERS AT ITS ANNUAL GATHERINGS; THESE INCLUDE FORMER HEADS OF STATE, NOBEL LAUREATES, PRIZE-WINNING AUTHORS, TOP BUSINESS EXECUTIVES, RENOWNED GLOBAL PHILANTHROPISTS, LEADING SCIENTIFIC RESEARCHERS AND INNOVATORS, AND INFLUENTIAL FIGURES IN THE ARTS. THE MEETINGS FOSTER COLLABORATION BETWEEN LEADERS IN AN ATTEMPT TO SOLVE SOME OF THE WORLD'S MOST PRESSING CHALLENGES.

    Expenses $26,115 · Revenue $2,396

  • THE G50 MEMBERSHIP IS COMPOSED OF A SELECT GROUP OF BUSINESS LEADERS WHO HEAD SOME OF THE MOST SUCCESSFUL AND DYNAMIC ENTERPRISES IN IBEROAMERICA. G50 MEMBERS ARE: A) HIGHLY REGARDED IN THEIR HOME COUNTRIES AND INTERNATIONALLY, AND REPRESENT A WIDE RANGE OF SECTORS, POLITICAL VIEWS, AND PROFESSIONAL EXPERIENCES; B) EXECUTIVES IN POSITIONS OF GREAT RESPONSIBILITY, ATTAINED THROUGH INDIVIDUAL MERIT IN COMPANIES IMPORTANT TO THE REGION; C) INDIVIDUALS WHO ARE RECOGNIZED FOR THEIR INTELLECTUAL ACHIEVEMENTS AND MORAL INTEGRITY BY IMPORTANT NATIONAL AND INTERNATIONAL MEDIA OUTLETS, ACADEMIC INSTITUTIONS, AND PROMINENT BUSINESS FORUMS; D) ENTREPRENEURS WHO UNDERSTAND THAT IN ADDITION TO GENERATING PROFITS, THEIR BUSINESS STRATEGIES MUST ALSO BE DIRECTED AT CORRECTING SOME OF THE SOCIAL AILMENTS AND INEQUALITIES OF THE HEMISPHERE; AND E) LEADERS WHO REMAIN COMMITTED TO THE DEVELOPMENT OF THEIR COUNTRIES AND IN STRENGTHENING THE FLOW OF IDEAS BETWEEN THEIR COMMUNITIES AND THE REST OF IBEROAMERICA. MEMBERSHIP IN THE G50 IS BY INVITATION ONLY.

    Expenses $15,000 · Grants $15,000 · Revenue $109,553

As filed on the 2022 return.

Listed in Part VII

  • Marianella Morales

    EXECUTIVE DIRECTOR

    Total calculated
    $101,714
    From this org
    $86,759
    From related orgs
    $0
    Other
    $14,955
    Hours/week
    40

  • Moises Naim

    FOUNDER AND CHAIRMAN

    Total calculated
    $36,014
    From this org
    $36,014
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Francisco J Gonzalez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Andres Naim

    TREASURER

    Total calculated
    $0
    Hours/week
    2

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
24 July 2023
IRS schema version
2022v5.0
Source object
202312059349300326

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.