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← GLOBAL FEDERATION OF COMPETITIVENESS COUNCILS

Form 990 for tax year 2023

Filed by GLOBAL FEDERATION OF COMPETITIVENESS COUNCILS.

Totals

Total revenue
$442,107
Total expenses
$557,495
Contributions and grants received
$442,099
Grants paid
$0
Program service revenue
$0
Investment income
$8
Other revenue
$0
Total assets, end of year
$196,039
Total liabilities, end of year
$47,773
Net assets or fund balances, end of year
$148,266
Program services expenses (Part IX)
$501,744
Management and general expenses
$55,751
Fundraising expenses
$0
Program service expenses (Part III)
$501,744

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

    $395,992

  • 1f · All other contributions, gifts and grants

    $46,107

  • 3 · Investment income

    total $8 · excluded $8

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $150 · program services $135 · management and general $15

  • 11b · Fees: legal

    total $388 · program services $349 · management and general $39

  • 11c · Fees: accounting

    total $7,674 · program services $6,907 · management and general $767

  • 11g · Fees: other

    total $418,514 · program services $376,662 · management and general $41,852

  • 12 · Advertising and promotion

    total $307 · program services $276 · management and general $31

  • 13 · Office expenses

    total $4,046 · program services $3,641 · management and general $405

  • 19 · Conferences, conventions and meetings

    total $104,880 · program services $94,392 · management and general $10,488

  • 22 · Depreciation, depletion and amortization

    total $440 · program services $396 · management and general $44

  • 23 · Insurance

    total $1,922 · program services $1,730 · management and general $192

  • 24a · Other expenses: TELEPHONE

    total $9,911 · program services $8,920 · management and general $991

  • 24b · Other expenses: POSTAGE AND DELIVERY

    total $8,948 · program services $8,053 · management and general $895

  • 24c · Other expenses: MISC

    total $315 · program services $283 · management and general $32

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $226,941 · end of year $160,536

  • 2 · Savings and temporary cash investments

    beginning of year $15,151 · end of year $15,152

  • 4 · Accounts receivable

    beginning of year $13,284

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,394 · end of year $16,870

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

    $3,798

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

    $317

  • 10c · Land, buildings and equipment, net

    beginning of year $124 · end of year $3,481

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,240 · end of year $38,625

  • 25 · Other liabilities

    beginning of year $0 · end of year $9,148

  • 27 · Net assets without donor restrictions

    beginning of year $263,654 · end of year $133,266

  • 28 · Net assets with donor restrictions

    end of year $15,000

Mission and programs · 2023

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 COMPETITIVENESS. IN 2023, THE GFCC UNIVERSITY AND RESEARCH LEADERSHIP FORUM CONTINUED ITS DISCUSSION ABOUT THE FUTURE OF UNIVERSITIES AND INNOVATION WITH MEMBERS AND HOSTED A FORUM IN SO PAULO, BRAZIL, TO EXCHANGE BEST PRACTICES AND CATALYZE NEW CONNECTIONS ACROSS ITS MEMBERSHIP. THE FORUM INITIATED THE DESIGN OF A NEW PLACE-BASED INITIATIVE. THE GFCC CONTINUED ITS WORK WITH THE JAPAN SCIENCE AND TECHNOLOGY AGENCY (JST) AS PART OF THE "DRIVING INNOVATION IN TIMES OF CRISIS" INITIATIVE, HOSTING VARIOUS WORKSHOPS AND DISCUSSIONS ON CRISIS AND RESILIENCE, AND COMMISSIONING RESEARCH ON THE TOPIC. THE GFCC ALSO HELD ITS ANNUAL MEETING AND GLOBAL INNOVATION SUMMIT IN LONDON, UK. THE GFCC PUBLISHED A VARIETY OF REPORTS, THE "INNOVATE THE SUSTAINABLE FUTURE" CALL-TO-ACTION, WHITE PAPERS AND CASE STUDIES.

    Expenses $501,744

As filed on the 2023 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 (THRU 10/23)

    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
2023
Filed
4 November 2024
IRS schema version
2023v5.1
Source object
202423179349300327

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