Form 990 for tax year 2022
Filed by FRANKLIN CENTER FOR GLOBAL POLICY EXCHANGE.
Totals
- Total revenue
- $1,909,823
- Total expenses
- $1,305,319
- Contributions and grants received
- $1,483,132
- Grants paid
- $0
- Program service revenue
- $395,120
- Investment income
- $31,571
- Other revenue
- $0
- Total assets, end of year
- $5,834,227
- Total liabilities, end of year
- $1,094,562
- Net assets or fund balances, end of year
- $4,739,665
- Program services expenses (Part IX)
- $917,404
- Management and general expenses
- $172,581
- Fundraising expenses
- $215,334
- Program service expenses (Part III)
- $917,404
Program services were 70.3% 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.
-
1b · Membership dues
$1,480,632
-
1f · All other contributions, gifts and grants
$2,500
-
2a · Program service revenue: Capitol to Capitol Exch.
total $395,120 · related or exempt $395,120
-
3 · Investment income
total $41,451 · excluded $41,451
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $160,434
-
7b · Less cost or other basis and sales expenses
securities $170,314
-
7c · Gain or loss
securities -$9,880
-
7d · Net gain or loss
total -$9,880 · excluded -$9,880
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $317,674 · program services $140,521 · management and general $76,421 · fundraising $100,732
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $218,649 · program services $96,718 · management and general $52,599 · fundraising $69,332
-
8 · Pension plan contributions
total $16,286 · program services $7,204 · management and general $3,918 · fundraising $5,164
-
9 · Other employee benefits
total $9,726 · program services $4,302 · management and general $2,340 · fundraising $3,084
-
10 · Payroll taxes
total $23,769 · program services $10,514 · management and general $5,718 · fundraising $7,537
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $205 · program services $91 · management and general $49 · fundraising $65
-
11c · Fees: accounting
total $15,248 · program services $6,745 · management and general $3,668 · fundraising $4,835
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $5,389 · management and general $5,389
-
11g · Fees: other
total $11,020 · program services $4,874 · management and general $2,652 · fundraising $3,494
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $4,471 · program services $1,669 · management and general $1,607 · fundraising $1,195
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $32,608 · program services $14,424 · management and general $7,844 · fundraising $10,340
-
17 · Travel
total $3,498 · program services $1,547 · management and general $842 · fundraising $1,109
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $629,941 · program services $622,732 · management and general $3,110 · fundraising $4,099
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $512 · program services $226 · management and general $123 · fundraising $163
-
23 · Insurance
total $5,866 · program services $2,595 · management and general $1,411 · fundraising $1,860
-
24a · Other expenses: telephone
total $3,912 · program services $1,730 · management and general $941 · fundraising $1,241
-
24b · Other expenses: Donations
total $3,125 · management and general $3,125
-
24c · Other expenses: Cell Phone
total $1,631 · program services $721 · management and general $393 · fundraising $517
-
24d · Other expenses: Dues & Subscriptions
total $1,149 · program services $508 · management and general $277 · fundraising $364
-
24e · All other expenses
total $640 · program services $283 · management and general $154 · fundraising $203
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $891,595 · end of year $1,372,589
-
2 · Savings and temporary cash investments
beginning of year $3,716,532 · end of year $3,734,735
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $8,333
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $9,317 · end of year $24,574
-
10a · Land, buildings and equipment: cost or other basis
$4,350
-
10b · Land, buildings and equipment: accumulated depreciation
$3,926
-
10c · Land, buildings and equipment, net
beginning of year $936 · end of year $424
-
11 · Investments: publicly traded securities
beginning of year $772,344 · end of year $693,572
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $194,432 · end of year $260,322
-
19 · Deferred revenue
beginning of year $974,971 · end of year $834,240
-
27 · Net assets without donor restrictions
beginning of year $4,221,321 · end of year $4,739,665
Mission and programs · 2022
Mission
Founded in 1978, the Franklin Center for Global Policy Exchange (Franklin Center) is a non-partisan, non-profit 501(c)(3) organization committed to enhancing global understanding of important international issues. The Franklin Center brings together members of the U.S. Congress and their international parliamentary counterparts as well as experts from the diplomatic corps, foreign officials, senior private sector representatives, scholars, and other public policy experts. Through conferences and events where leading international opinion leaders share ideas, the Franklin Center promotes enlightened, balanced, and unbiased international policy discussion on major international issues.
Activities or mission (Part I)
The Franklin Center for Global Policy Exchange is a non-partisan, non-profit 501(c)(3) organization committed to enhancing global understanding of important international issues through discussion among public and private leaders in the international community.
-
Public Policy and Dialogue: Providing educational events which further awareness of public policy issues. The Center holds forums to present timely discussions on national and international issues of concern to policy makers and members, or to build upon policy discussions from the most recent Capital to Capital exchange, in Madrid, Spain. Discussions are held in Washington, DC and bring together experts to address the group and include an exchange of ideas. In 2022, we held 35 in person events and 5 zoom webinars with vigorous discussion and participation by the attendees. We organized policy tours in Austin, Texas, and Los Angeles, California.The Center also hosts the Capital to Capital Exchange which brings together US Congressional leaders, member of the diplomatic community, corporate policy experts, scholars, parliamentarians, government leaders, and business leaders from a host country where the conference is held to discuss pressing international issues. By discussing issues such as international trade, energy, transportation, health, security, etc., policy makers gain a greater understanding of the global challenges facing the US and other countries. The August 2021 Capital to Capital Exchange was postponed to November 10-14, 2022, due to COVID restrictions in the European Union.
Expenses $917,404
As filed on the 2022 return.
Listed in Part VII
-
James K Conzelman
President
- Total calculated
- $317,673
- From this org
- $298,680
- From related orgs
- $0
- Other
- $18,993
- Hours/week
- 20
Schedule J breakdown matched by us
- Base
- $298,680
- Bonus
- not reported
- Other
- not reported
- Deferred
- $18,800
- Nontaxable benefits
- $193
- Filer's total
- $317,673
-
Terri McIntosh
Director
- Total calculated
- $128,636
- From this org
- $116,100
- From related orgs
- $0
- Other
- $12,536
- Hours/week
- 50
-
Marcel Dubois
Director
- Total calculated
- $0
- Hours/week
- 0.1
-
Bart Gordon
Vice Chair
- Total calculated
- $0
- Hours/week
- 0.25
-
Anne Esposito
Director
- Total calculated
- $0
- Hours/week
- 0.1
-
Scott Salmon
Treasurer
- Total calculated
- $0
- Hours/week
- 0.12
-
Mike Dubke
Secretary
- Total calculated
- $0
- Hours/week
- 0.1
-
Lance Magnum
Director
- Total calculated
- $0
- Hours/week
- 0.1
-
James Renacci
Vice Chair
- Total calculated
- $0
- Hours/week
- 0.1
-
Libby Coffin
Director
- Total calculated
- $0
- Hours/week
- 0.1
-
Sam DePoy
Director
- Total calculated
- $0
- Hours/week
- 0.1
-
Stacey Glasscock
Director
- Total calculated
- $0
- Hours/week
- 0.1
-
Shelley Stewart
Director
- Total calculated
- $0
- Hours/week
- 0.1
-
Shelley Rubino
Director
- Total calculated
- $0
- Hours/week
- 0.1
-
Joyce Rogers
Director
- Total calculated
- $0
- Hours/week
- 0.1
-
Laurie Knight
Director
- Total calculated
- $0
- Hours/week
- 0.1
-
Hollyn Schuemann
Director
- Total calculated
- $0
- Hours/week
- 0.1
-
Dave Camp
Chairman
- Total calculated
- $0
- Hours/week
- 0.2
-
Elizabeth Amster
Director
- Total calculated
- $0
- Hours/week
- 0.1
-
Stephen Hartell
Director
- Total calculated
- $0
- Hours/week
- 0.1
-
Jonathan Heafitz
Director
- Total calculated
- $0
- Hours/week
- 0.1
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. 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
None.
Answered no
- 4a · Severance or change-of-control payment
- 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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Part III, Additional Information
- Schedule J Part II:Compensation shown on Schedule J is the portion of gross compensation reported on form W-2 for services provided to the Franklin Center. Employees are paid by an unrelated organization which acts as common paymaster for both organizations; the Franklin Center reimburses the other organization for compensation and benefits allocable to time spent on Franklin Center activities.
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
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313179349308166
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