Form 990 for tax year 2023

Filed by ACTAI GLOBAL.

Totals

Total revenue: $762,974
Total expenses: $766,596
Contributions and grants received: $23,788
Grants paid: $86,000
Program service revenue: $730,482
Investment income: $8,704
Other revenue: $0
Total assets, end of year: $466,763
Total liabilities, end of year: $76,704
Net assets or fund balances, end of year: $390,059
Program services expenses (Part IX): $718,577
Management and general expenses: $48,019
Fundraising expenses: $0
Program service expenses (Part III): $718,577

Program services were 93.7% 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.

1f · All other contributions, gifts and grants

$23,788
2a · Program service revenue: PROGRAM EVENT FEES

total $730,482 · related or exempt $730,482
3 · Investment income

total $279 · related or exempt $279
7a · Gross sales of assets other than inventory

other assets $8,590
7b · Less cost or other basis and sales expenses

other assets $165
7c · Gain or loss

other assets $8,425
7d · Net gain or loss

total $8,425 · related or exempt $8,425

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $86,000 · program services $86,000
11c · Fees: accounting

total $6,000 · management and general $6,000
11g · Fees: other

total $33,109 · program services $33,109
12 · Advertising and promotion

total $28,088 · program services $12,485 · management and general $15,603
13 · Office expenses

total $8,943 · management and general $8,943
17 · Travel

total $84,197 · program services $74,855 · management and general $9,342
19 · Conferences, conventions and meetings

total $2,858 · management and general $2,858
20 · Interest

total $4 · management and general $4
24a · Other expenses: HOTEL AND LODGING/ SITE

total $261,573 · program services $261,573
24b · Other expenses: CATERING

total $53,949 · program services $53,949
24c · Other expenses: EVENT PLANNING

total $50,150 · program services $50,150
24d · Other expenses: PROGRAM MEALS

total $45,723 · program services $45,723
24e · All other expenses

total $106,002 · program services $100,733 · management and general $5,269

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $338,115 · end of year $343,122
4 · Accounts receivable

beginning of year $30,560 · end of year $73,010
9 · Prepaid expenses and deferred charges

beginning of year $35,989 · end of year $1,398
10a · Land, buildings and equipment: cost or other basis

$1,491
10b · Land, buildings and equipment: accumulated depreciation

$1,491
10c · Land, buildings and equipment, net

beginning of year $0 · end of year $0
12 · Investments: other securities

beginning of year $45,498 · end of year $45,333
15 · Other assets

beginning of year $1,400 · end of year $3,900
17 · Accounts payable and accrued expenses

beginning of year $40,819 · end of year $56,655
19 · Deferred revenue

beginning of year $17,062 · end of year $20,049
29 · Capital stock, trust principal or current funds

beginning of year $0 · end of year $0
30 · Paid-in or capital surplus, or land, building or equipment fund

beginning of year $0 · end of year $0
31 · Retained earnings, endowment or other funds

beginning of year $393,681 · end of year $390,059

Mission and programs · 2023

Mission

THE MISSION OF THE ORGANIZATION IS TO PROVIDE FORUMS FOR COLLABORATION THAT INCORPORATES EDUCATIONAL PROGRAMS FOCUSING ON ENVIRONMENTAL CONSERVATION AND ECONOMIC EMPOWERMENT VIA ENTREPRENEURSHIP. ACTAI GLOBAL BRINGS TOGETHER ATHLETES, CONSERVATIONISTS, TECHNOLOGISTS, ARTISTS AND INNOVATORS TO BRING THEIR COLLECTIVE KNOWLEDGE AND SOCIAL CAPITAL TO SUPPORT DIRECT ACTION BY OUR COMMUNITY AS WELL AS TO SUPPORT TO OTHER ORGANIZATIONS PRODUCING MEANINGFUL RESULTS IN TARGETED AREAS.

Activities or mission (Part I)

THE MISSION OF THE ORGANIZATION IS TO PROVIDE FORUMS FOR COLLABORATION THAT INCORPORATES EDUCATIONAL PROGRAMS FOCUSING ON ENVIRONMENTAL CONSERVATION AND ECONOMIC EMPOWERMENT VIA ENTREPRENEURSHIP. ACTAI GLOBAL BRINGS TOGETHER ATHLETES, CONSERVATIONISTS, TECHNOLOGISTS, ARTISTS AND INNOVATORS TO BRING THEIR COLLECTIVE KNOWLEDGE AND SOCIAL CAPITAL TO SUPPORT DIRECT ACTION BY THE COMMUNITY AS WELL AS TO SUPPORT OTHER ORGANIZATIONS PRODUCING MEANINGFUL RESULTS IN TARGETED AREAS.

THE NONPROFIT HELD CONFERENCES IN SWITZERLAND, PHILIPPINES, GREECE, MAURITIUS, ITALY AND AUSTRALIA, GATHERING TOGETHER INDUSTRY LEADERS, FOUNDERS, TECHNOLOGISTS, ATHLETES AND CONSERVATIONIST TO PROMOTE THE COMPANY'S MISSION OF PROVIDING FORUMS FOR COLLABORATION THAT INCORPORATES EDUCATIONAL PROGRAMS FOCUSING ON ENVIRONMENTAL CONSERVATION AND ECONOMIC EMPOWERMENT VIA ENTREPRENEURSHIP.

Expenses $718,577 · Grants $86,000 · Revenue $739,186

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

William TaiWILLIAM TAI

PRESIDENT

Total calculated

$0

Hours/week

8
Austin StewartAUSTIN STEWART

SECRETARY

Total calculated

$0

Hours/week

2
Maria SeraficaMARIA SERAFICA

TREASURER/ CFO

Total calculated

$35,000

From this org

$35,000

From related orgs

$0

Other

$0

Hours/week

8

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.

Schedule J

Answered yes

3 · Approval by the board or compensation committee

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 I, LINE 3: COMPENSATION OF OFFICERS IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.

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

OCEAN ELDERS

$46,000

TO SUPPORT THE ORGANIZATION'S MISSION: TO ADVOCATE FOR THE CREATION, CONTINUED PROTECTION AND/OR EXPANSION OF MARINE PROTECTED AREAS, THE CREATION AND IMPLEMENTATION OF SUSTAINABLE DEVELOPMENT GOAL 14: LIFE BELOW WATER, A NEW TREATY FOR THE HIGH SEAS, AND THE PROTECTION OF MARINE WILDLIFE.
OCEAN ELDERS

$40,000

THE DONATION IS PRIMARILY FOR THE CORAL REEF RESEARCH DIRECTED BY DR. WILFREDO LICUANAN OF DE LA SALLE UNIVERSITY IN MANILA, PHILIPPINES. AS DISCUSSED DURING THE WEEK IN EL NIDO, THE FUNDS WILL ENABLE DR. LICUANAN TO EXTEND THE EMPLOYMENT OF POST-DOC STUDENTS WHO ASSIST IN THE RESEARCH TO PREVENT THE DESTRUCTION OF THE CORAL REEF SO VITAL TO THE CORAL TRIANGLE.

Provenance

Return type: form_990
Tax year: 2023
Filed: 24 November 2024
IRS schema version: 2023v5.1
Source object: 202433299349300353

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