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← GLOBAL FEDERATION OF COMPETITIVENESS COUNCILS

Form 990 for tax year 2022

Filed by GLOBAL FEDERATION OF COMPETITIVENESS COUNCILS.

Totals

Total revenue
$407,870
Total expenses
$493,875
Contributions and grants received
$407,867
Grants paid
$0
Program service revenue
$0
Investment income
$3
Other revenue
$0
Total assets, end of year
$265,894
Total liabilities, end of year
$2,240
Net assets or fund balances, end of year
$263,654
Program services expenses (Part IX)
$444,487
Management and general expenses
$49,388
Fundraising expenses
$0
Program service expenses (Part III)
$444,487

Program services were 90.0% 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.

  • 1b · Membership dues

    $407,831

  • 1f · All other contributions, gifts and grants

    $36

  • 3 · Investment income

    total $3 · excluded $3

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $426 · program services $383 · management and general $43

  • 11b · Fees: legal

    total $760 · program services $684 · management and general $76

  • 11c · Fees: accounting

    total $24,500 · program services $22,050 · management and general $2,450

  • 11g · Fees: other

    total $389,921 · program services $350,929 · management and general $38,992

  • 12 · Advertising and promotion

    total $145 · program services $130 · management and general $15

  • 13 · Office expenses

    total $7,771 · program services $6,994 · management and general $777

  • 14 · Information technology

    total $17,886 · program services $16,097 · management and general $1,789

  • 19 · Conferences, conventions and meetings

    total $43,949 · program services $39,554 · management and general $4,395

  • 22 · Depreciation, depletion and amortization

    total $744 · program services $670 · management and general $74

  • 23 · Insurance

    total $959 · program services $863 · management and general $96

  • 24a · Other expenses: TELEPHONE

    total $4,573 · program services $4,116 · management and general $457

  • 24b · Other expenses: MISC

    total $2,241 · program services $2,017 · management and general $224

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $410,585 · end of year $226,941

  • 2 · Savings and temporary cash investments

    beginning of year $40,248 · end of year $15,151

  • 4 · Accounts receivable

    beginning of year $58,800 · end of year $13,284

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,456 · end of year $10,394

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

    $2,231

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

    $2,107

  • 10c · Land, buildings and equipment, net

    beginning of year $867 · end of year $124

  • 17 · Accounts payable and accrued expenses

    beginning of year $125,788 · end of year $2,240

  • 27 · Net assets without donor restrictions

    beginning of year $359,368 · end of year $263,654

  • 28 · Net assets with donor restrictions

    beginning of year $33,800 · end of year $0

Mission and programs · 2022

Mission

TO MEET THE CHALLENGES OF CHANGES IN THE GLOBAL ECONOMIC LANDSCAPE; TO IDENTIFY AND SUPPORT POLICIES AND PROGRAMS TO STIMULATE ECONOMIC GROWTH, FOSTER INNOVATION AND STRENGTHEN NATIONAL COMPETITIVENESS.

  • POLICIES AND PROGRAMS TO STIMULATE ECONOMIC GROWTH, FOSTER INNOVATION, AND STRENGTHEN NATIONAL COMPENTITIVENESS. IN 2022 THE GFCC UNIVERSITY AND RESEARCH LEADERSHIP FORUM CONTINUED TO EXCHANGE BEST PRACTICES ON INDUSTRY-UNIVERSITY PARTNERSHIPS, PUBLISHING: (I) "SHIFT," CAPTURING HIGHER ED TRANSFORMATIONS, AND (II) "INDUSTRY-UNIVERSITY PARTNERSHIP." THE GFCC LAUNCHED A NEW INITIATIVE WITH JAPAN SCIENCE AND TECHNOLOGY AGENCY: "DRIVING INNOVATION IN TIMES OF CRISES."THE GFCC HOSTED ITS 2022 ANNUAL MEETING AND INNOVATION SUMMIT IN GREECE. ADDITIONALLY, THE GFCC HOSTED A SERIES OF ONLINE EVENTS AND MONTHLY CALLS.

    Expenses $444,487

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Charles O Holliday

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Robson Braga De Andrade

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Omar Al-Ansari

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Isabel Gil

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • George Handjinicolaou

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Deborah L Wince-Smith

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Charles C Evans

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Ray O Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Roberto Dos Reis Alvarez

    DIRECTOR

    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 November 2023
IRS schema version
2022v5.0
Source object
202333199349300813

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