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Nonprofiteer
← GLOBAL COMPACT NETWORK USA INC

Form 990 for tax year 2024

Filed by GLOBAL COMPACT NETWORK USA INC.

Totals

Total revenue
$2,035,166
Total expenses
$3,231,240
Contributions and grants received
$1,992,573
Grants paid
$0
Program service revenue
$0
Investment income
$37,955
Other revenue
$4,638
Total assets, end of year
$3,056,807
Total liabilities, end of year
$2,112,071
Net assets or fund balances, end of year
$944,736
Program services expenses (Part IX)
$1,033,000
Management and general expenses
$1,647,174
Fundraising expenses
$551,066
Program service expenses (Part III)
$1,033,000

Program services were 32.0% 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.

  • 1f · All other contributions, gifts and grants

    $1,992,573

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $31,691 · excluded $31,691

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $476,159

  • 7b · Less cost or other basis and sales expenses

    securities $469,895

  • 7c · Gain or loss

    securities $6,264 · other assets $0

  • 7d · Net gain or loss

    total $6,264 · excluded $6,264

  • 11a · Other revenue: Other revenue

    total $4,638 · related or exempt $4,638

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $4,638

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,236,930 · program services $385,227 · management and general $565,344 · fundraising $286,359

  • 9 · Other employee benefits

    total $268,620 · program services $83,658 · management and general $122,774 · fundraising $62,188

  • 10 · Payroll taxes

    total $101,971 · program services $31,758 · management and general $46,606 · fundraising $23,607

  • 11g · Fees: other

    total $837,796 · program services $220,262 · management and general $542,580 · fundraising $74,954

  • 12 · Advertising and promotion

    total $50,671 · management and general $50,660 · fundraising $11

  • 13 · Office expenses

    total $302,698 · program services $16,829 · management and general $255,899 · fundraising $29,970

  • 16 · Occupancy

    total $12,892 · program services $4,015 · management and general $5,892 · fundraising $2,985

  • 17 · Travel

    total $33,117 · program services $7,982 · management and general $10,226 · fundraising $14,909

  • 19 · Conferences, conventions and meetings

    total $321,625 · program services $263,257 · management and general $17,161 · fundraising $41,207

  • 23 · Insurance

    total $18,750 · program services $5,633 · management and general $8,930 · fundraising $4,187

  • 24a · Other expenses: Dues & Subscriptions

    total $46,170 · program services $14,379 · management and general $21,102 · fundraising $10,689

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,295,060 · end of year $622,426

  • 2 · Savings and temporary cash investments

    beginning of year $502,871 · end of year $326,029

  • 4 · Accounts receivable

    beginning of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $48,558 · end of year $399

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $1,556,112 · end of year $2,107,953

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $219,704 · end of year $712,013

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,105,548 · end of year $1,400,058

  • 27 · Net assets without donor restrictions

    beginning of year $2,077,349 · end of year $944,736

Mission and programs · 2024

Mission

THE GLOBAL COMPACT NETWORK USA IS A FORUM DESIGNED TO BRING US-BASED COMPANIES AND US-BASED UNITS OF FOREIGN COMPANIES THAT ARE SIGNATORIES TO THE UNITED NATIONS GLOBAL COMPACT TOGETHER WITH STAKEHOLDERS FROM THE PUBLIC SECTOR, CIVIL SOCIETY, LABOR, ACADEMIA, AND OTHER SPHERES IN ORDER TO ADVANCE THE PRINCIPLES OF THE UNITED NATIONS GLOBAL COMPACT.

Activities or mission (Part I)

GLOBAL COMPACT NETWORK USA IS A FORUM TO BRING U.S. BASED SIGNATORY COMPANIES OF THE UNITED NATIONS GLOBAL COMPACT TOGETHER WITH STAKEHOLDERS TO ADVANCE THE TEN UNGC PRINCIPLES.

  • Global Compact Network USA organized virtual and in-person events convening corporate sustainability leaders, civil society organizations, and United Nations representatives. These multi-stakeholder forums promoted awareness and the sharing of best practices related to the UN Global Compact's Ten Principles, the United Nations Sustainable Development goals, and topics such as gender equality and climate action.

    Expenses $1,033,000 · Revenue $4,638

As filed on the 2024 return.

Listed in Part VII

  • ANN TRACY

    DIRECTOR; SECRETARY (THROUGH JUN 2024); CHAIR (AS OF JUN 2024)

    Total calculated
    $0
    Hours/week
    1.5

  • DANIELLA FOSTER

    DIRECTOR; CHAIR (THROUGH JUN 2024)

    Total calculated
    $0
    Hours/week
    1.5

  • GAYLE SCHUELLER

    DIRECTOR, VICE CHAIR

    Total calculated
    $0
    Hours/week
    1.5

  • JENNIFER LEITSCH

    DIRECTOR; SECRETARY (JUN-DEC 2024)

    Total calculated
    $0
    Hours/week
    1.5

  • MICHAEL OKOROAFOR

    DIRECTOR; TREASURER (AS OF JUN 2024)

    Total calculated
    $0
    Hours/week
    1.5

  • SHOBHA MEERA

    DIRECTOR; TREASURER (THROUGH JUN 2024)

    Total calculated
    $0
    Hours/week
    1.5

  • BRAIN TIPPENS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • EUNICE HEATH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • GAVIN POWER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • GULY SABAHI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • KRISTEN SIEMEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • PAUL FRANCISCO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • ADAM ROY GORDON

    EXECUTIVE DIRECTOR (THROUGH JUNE 2024)

    Total calculated
    $299,286
    From this org
    $227,137
    From related orgs
    $0
    Other
    $72,149
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $92,970
    Bonus
    $0
    Other
    $134,167
    Deferred
    $18,400
    Nontaxable benefits
    $53,749
    Filer's total
    $299,286

  • RICHARD W PEARL

    EXECUTIVE DIRECTOR (AS OF JUNE 2024)

    Total calculated
    $285,000
    From this org
    $285,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $285,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $285,000

  • CHRISTINE L CAVALLO

    Senior Engagement Manager

    Total calculated
    $130,618
    From this org
    $103,006
    From related orgs
    $0
    Other
    $27,612
    Hours/week
    40

  • CLAUDIA HERBERT COLFER

    HEAD OF PROGRAMMING

    Total calculated
    $168,945
    From this org
    $120,679
    From related orgs
    $0
    Other
    $48,266
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,679
    Bonus
    $0
    Other
    $0
    Deferred
    $10,040
    Nontaxable benefits
    $38,226
    Filer's total
    $168,945

  • JESSICA D TUQUERO

    Head of Communications & Operations

    Total calculated
    $126,900
    From this org
    $117,500
    From related orgs
    $0
    Other
    $9,400
    Hours/week
    40

  • DAVID FISS

    FORMER HCE

    Total calculated
    $118,000
    From this org
    $118,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $118,000
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $118,000

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

  • 3 · Independent compensation consultant
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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)

Schedule J, Part I, Line 4a Severance or change-of-control payment
Adam Roy Gordon received severance payments of $134,167 during 2024. These payments are taxable to the individual.

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
2024
Filed
14 November 2025
IRS schema version
2024v5.1
Source object
202503189349309385

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