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← GLOBAL IMPACT INVESTING NETWORK INC

Form 990 for tax year 2022

Filed by GLOBAL IMPACT INVESTING NETWORK INC.

Totals

Total revenue
$16,484,237
Total expenses
$9,035,546
Contributions and grants received
$10,688,663
Grants paid
$67,500
Program service revenue
$5,775,148
Investment income
$1,411
Other revenue
$19,015
Total assets, end of year
$16,968,824
Total liabilities, end of year
$4,560,807
Net assets or fund balances, end of year
$12,408,017
Program services expenses (Part IX)
$6,890,982
Management and general expenses
$1,301,449
Fundraising expenses
$843,115
Program service expenses (Part III)
$6,890,982

Program services were 76.3% 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.

  • 1f · All other contributions, gifts and grants

    $10,688,663

  • 2a · Program service revenue: CONFERENCES AND SEMINARS

    total $2,968,562 · related or exempt $2,968,562

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $2,621,427 · related or exempt $2,621,427

  • 2c · Program service revenue: IMPACT PRINCIPLES

    total $182,159 · related or exempt $182,159

  • 2d · Program service revenue: CONSULTING INCOME

    total $3,000 · related or exempt $3,000

  • 3 · Investment income

    total $1,411 · excluded $1,411

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $19,015 · related or exempt $19,015

  • 11e · Other revenue, total

    $19,015

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $67,500 · program services $67,500

  • 5 · Compensation of officers, directors and key employees

    total $1,298,500 · program services $723,748 · management and general $226,008 · fundraising $348,744

  • 7 · Other salaries and wages

    total $2,749,278 · program services $2,219,458 · management and general $284,729 · fundraising $245,091

  • 8 · Pension plan contributions

    total $202,768 · program services $155,595 · management and general $24,427 · fundraising $22,746

  • 9 · Other employee benefits

    total $506,615 · program services $389,684 · management and general $62,320 · fundraising $54,611

  • 10 · Payroll taxes

    total $331,129 · program services $235,772 · management and general $43,391 · fundraising $51,966

  • 11b · Fees: legal

    total $49,299 · program services $43,240 · management and general $6,059

  • 11g · Fees: other

    total $2,055,629 · program services $1,579,884 · management and general $463,852 · fundraising $11,893

  • 13 · Office expenses

    total $115,612 · program services $96,706 · management and general $14,254 · fundraising $4,652

  • 14 · Information technology

    total $77,530 · program services $62,530 · management and general $8,535 · fundraising $6,465

  • 16 · Occupancy

    total $492,507 · program services $356,740 · management and general $61,462 · fundraising $74,305

  • 17 · Travel

    total $119,044 · program services $99,602 · management and general $8,703 · fundraising $10,739

  • 19 · Conferences, conventions and meetings

    total $18,793 · program services $12,909 · management and general $3,876 · fundraising $2,008

  • 22 · Depreciation, depletion and amortization

    total $119,459 · program services $66,666 · management and general $52,793

  • 23 · Insurance

    total $45,425 · program services $36,629 · management and general $4,373 · fundraising $4,423

  • 24a · Other expenses: CONFERENCES AND MEETING

    total $715,695 · program services $715,386 · fundraising $309

  • 24b · Other expenses: OTHER EXPENSES

    total $37,159 · program services $6,361 · management and general $28,684 · fundraising $2,114

  • 24c · Other expenses: EQUIPMENT PURCHASES

    total $26,242 · program services $17,809 · management and general $6,678 · fundraising $1,755

  • 24d · Other expenses: SUPPLIES

    total $4,175 · program services $2,413 · management and general $1,183 · fundraising $579

  • 24e · All other expenses

    total $3,187 · program services $2,350 · management and general $122 · fundraising $715

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,441,488 · end of year $4,310,079

  • 2 · Savings and temporary cash investments

    beginning of year $3,292,657 · end of year $3,294,068

  • 3 · Pledges and grants receivable

    beginning of year $1,073,516 · end of year $6,091,202

  • 4 · Accounts receivable

    beginning of year $917 · end of year $214,731

  • 9 · Prepaid expenses and deferred charges

    beginning of year $181,773 · end of year $155,291

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

    $691,290

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

    $421,002

  • 10c · Land, buildings and equipment, net

    beginning of year $389,747 · end of year $270,288

  • 15 · Other assets

    beginning of year $239,200 · end of year $2,633,165

  • 17 · Accounts payable and accrued expenses

    beginning of year $296,655 · end of year $760,150

  • 19 · Deferred revenue

    beginning of year $1,127,841 · end of year $1,180,668

  • 25 · Other liabilities

    beginning of year $235,476 · end of year $2,619,989

  • 27 · Net assets without donor restrictions

    beginning of year $3,100,769 · end of year $4,101,267

  • 28 · Net assets with donor restrictions

    beginning of year $1,858,557 · end of year $8,306,750

Mission and programs · 2022

Mission

THE GLOBAL IMPACT INVESTING NETWORK IS THE GLOBAL CHAMPION OF IMPACT INVESTING, DEDICATED TO INCREASING ITS SCALE AND EFFECTIVENESS AROUND THE WORLD. IMPACT INVESTMENTS ARE INVESTMENTS MADE WITH THE INTENTION TO GENERATE POSITIVE, MEASURABLE SOCIAL AND (SEE SCHEDULE O)ENVIRONMENTAL IMPACT ALONGSIDE A FINANCIAL RETURN.

Activities or mission (Part I)

INCREASE THE SCALE AND EFFECTIVENESS OF IMPACT INVESTING AROUND THE WORLD. (SEE SCHEDULE O) IMPACT INVESTMENTS ARE INVESTMENTS MADE INTO COMPANIES, ORGANIZATIONS, AND FUNDS WITH THE INTENTION TO GENERATE SOCIAL AND ENVIRONMENTAL IMPACT ALONGSIDE A FINANCIAL RETURN.

  • MEMBERSHIP: THE GIIN MEMBERSHIP NETWORK PROVIDES A PLATFORM FOR A DIVERSE, GLOBAL COMMUNITY OF MORE THAN 440 LIKE-MINDED INVESTORS AND KEY STAKEHOLDERS TO DEEPEN ENGAGEMENT WITH IMPACT INVESTING BY CONNECTING WITH PEERS AND SHARING EXPERIENCES AND LESSONS LEARNED. GIIN MEMBERS INCLUDE ASSET OWNERS, ASSET MANAGERS, AND SERVICE PROVIDERS THAT ARE ACTIVE IN DEVELOPED AND EMERGING MARKETS AND TARGET A RANGE OF ISSUE AREAS OR IMPACT THEMES.

    Expenses $1,716,589 · Revenue $2,621,427

  • GIIN IMPACT FORUM: THE GIIN IMPACT FORUM IS AN ANNUAL GATHERING OF IMPACT INVESTORS, WITH A REPUTATION FOR OFFERING ENGAGING CONTENT AND BRINGING TOGETHER A DIVERSE AUDIENCE OF IMPACT INVESTORS FROM AROUND THE WORLD. IN 2022, THE FORUM WAS HELD IN THE NETHERLANDS AND WELCOMED OVER 1,500 DELEGATES.

    Expenses $1,501,637 · Revenue $2,968,562

  • RESEARCH AND IMPACT LAB: WITH A FOCUS ON BRINGING CRITICAL MARKET INTELLIGENCE AND PRACTICE INSIGHTS TO THE MARKET, THE GIIN PRODUCES INFLUENTIAL AND HIGH-IMPACT RESEARCH THAT HELPS BUILD A STRONGER EVIDENCE BASE FOR IMPACT INVESTING, REDUCE OPACITY IN THE MARKET, IMPROVE INVESTOR DECISION-MAKING, AND ADVANCE THE PRACTICE OF IMPACT INVESTING. TO DATE, THE GIIN HAS PRODUCED OVER 64 CUTTING EDGE REPORTS DISTRIBUTED AS PUBLIC GOODS, INCLUDING THE FLAGSHIP ANNUAL IMPACT INVESTOR SURVEY THAT SERVES AS THE GO-TO 'STATE OF THE MARKET' REPORT. ADDITIONALLY, THE GIIN MPACT LAB ENGAGES IN RESEARCH AND DEVELOPMENT OF IMPACT INTELLIGENCE TOOLS TO HELP IMPACT NVESTORS MAKE SENSE OF THEIR IMPACT PERFORMANCE OUTCOMES.

    Expenses $1,291,376 · Grants $67,500

  • IRIS & IMPACT MEASUREMENT AND MANAGEMENT: THE GIIN WORKS TO ENABLE SOUND PRACTICE IN IMPACT MEASUREMENT AND MANAGEMENT BY MANAGING IRIS +, A CATALOG OF GENERALLY ACCEPTED PERFORMANCE METRICS THAT LEADING IMPACT INVESTORS CAN USE TO MEASURE SOCIAL, ENVIRONMENTAL, AND FINANCIAL SUCCESS. THE GIIN ALSO DEVELOPS RESOURCES FOR IMPACT INVESTORS SEEKING TO BUILD OR STRENGTHEN THEIR IMPACT MEASUREMENT STRATEGY.

    Expenses $1,086,585

  • COMMUNICATIONS & MARKETING: THE COMMUNICATIONS TEAM AT THE GIIN IS RESPONSIBLE FOR MANAGING THE BRAND OF THE ORGANIZATION, EXTERNAL COMMUNICATION, AND THE DISSEMINATION OF GIIN REPORTS AND TOOLS. THIS INCLUDES DEVELOPING ANNUAL COMMUNICATIONS STRATEGIES, MEDIA RELATIONS, DIGITAL STRATEGY AND CHANNELS INCLUDING THE GIIN WEBSITE AND THE CREATION AND EXECUTION OF THOUGHT LEADERSHIP CAMPAIGNS.

    Expenses $745,369 · Revenue $19,015

  • CAPITAL MOBILIZATION: THE GIIN'S CAPITAL MOBILIZATION PROGRAM AIMS TO INSPIRE ASSET OWNERS TO INTEGRATE IMPACT INVESTING INTO THEIR PORTFOLIO IN A SYSTEMATIC MANNER. TO DO THIS, THE PROGRAM BUILDS THE CASE FOR IMPACT INVESTING AND DEVELOPS KNOWLEDGE RESOURCES (E.G., GUIDES, BRIEFS, ETC.) TO HELP INVESTORS LEARN HOW TO DEVELOP AN INTEGRATED APPROACH TO IMPACT INVESTING. THE PROGRAM ENGAGES ASSET OWNERS, GLOBALLY, PROVIDING RESOURCES AND EDUCATIONAL OPPORTUNITIES.

    Expenses $469,977 · Revenue $3,000

  • TRAINING AND ACCREDITATION: THE GIIN'S TRAINING AND ACCREDITATION PROGRAM TEAM IS RESPONSIBLE FOR CREATING A GLOBAL SKILL ACCREDITATION PROGRAM THAT DRIVES PROFESSIONAL IMPACT INVESTMENT PRACTICE EXCELLENCE.

    Expenses $79,449

  • IMPACT PRINCIPLES: LAUNCHED IN 2019, THE IMPACT PRINCIPLES SECRETARIAT OFFERS A FRAMEWORK FOR THE DESIGN AND IMPLEMENTATION OF IMPACT MANAGEMENT SYSTEMS, ENSURING THAT IMPACT CONSIDERATIONS ARE INTEGRATED THROUGHOUT THE INVESTMENT LIFECYCLE (THE IMPACT PRINCIPLES). IN 2022, THE GIIN BECAME THE HOST OF THE IMPACT PRINCIPLES SECRETARIAT.

    Revenue $182,159

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

Listed in Part VII

  • ELOY LINDEIJER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KATHERINE LAUDERDALE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARIA HAKANSSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARK GRIER

    CHAIR (OUTGOING)

    Total calculated
    $0
    Hours/week
    1

  • ROOPA KUDVA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SCOTT KUPOR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • VIJAY ADVANI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • XAV DE SOUZA BRIGGS

    BOARD MEMBER (OUTGOING)

    Total calculated
    $0
    Hours/week
    1

  • AMIT BOURI

    PRESIDENT & CEO

    Total calculated
    $377,892
    From this org
    $294,797
    From related orgs
    $0
    Other
    $83,095
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $279,797
    Bonus
    $15,000
    Other
    $0
    Deferred
    $27,149
    Nontaxable benefits
    $55,946
    Filer's total
    $377,892

  • GISELLE LEUNG

    CHIEF PARTNERSHIPS OFFICER & VP

    Total calculated
    $262,727
    From this org
    $203,525
    From related orgs
    $0
    Other
    $59,202
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,709
    Bonus
    $10,000
    Other
    $10,816
    Deferred
    $16,180
    Nontaxable benefits
    $43,022
    Filer's total
    $262,727

  • JESSICA ROSE

    CHIEF FINANCIAL OFFICER

    Total calculated
    $174,999
    From this org
    $153,340
    From related orgs
    $0
    Other
    $21,659
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,340
    Bonus
    $5,000
    Other
    $0
    Deferred
    $7,863
    Nontaxable benefits
    $13,796
    Filer's total
    $174,999

  • SAPNA SHAH

    CHIEF PROGRAM & OPERATING OFFICER/SECRETARY

    Total calculated
    $257,298
    From this org
    $185,620
    From related orgs
    $0
    Other
    $71,678
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,620
    Bonus
    $5,000
    Other
    $0
    Deferred
    $16,457
    Nontaxable benefits
    $55,221
    Filer's total
    $257,298

  • SEAN GILBERT

    CHIEF INVESTOR NETWORK OFFICER

    Total calculated
    $225,584
    From this org
    $177,577
    From related orgs
    $0
    Other
    $48,007
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,740
    Bonus
    $5,837
    Other
    $0
    Deferred
    $14,467
    Nontaxable benefits
    $33,540
    Filer's total
    $225,584

  • ALPESH SHAH

    CONTROLLER

    Total calculated
    $179,398
    From this org
    $114,097
    From related orgs
    $0
    Other
    $65,301
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $114,097
    Bonus
    $0
    Other
    $0
    Deferred
    $10,800
    Nontaxable benefits
    $54,501
    Filer's total
    $179,398

  • GERALDINE HAND

    CHIEF RESEARCH OFFICER

    Total calculated
    $211,972
    From this org
    $158,971
    From related orgs
    $0
    Other
    $53,001
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,971
    Bonus
    $5,000
    Other
    $0
    Deferred
    $14,605
    Nontaxable benefits
    $38,396
    Filer's total
    $211,972

  • KELLY MCCARTHY

    CHIEF IMPACT OFFICER

    Total calculated
    $224,808
    From this org
    $166,722
    From related orgs
    $0
    Other
    $58,086
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,722
    Bonus
    $0
    Other
    $0
    Deferred
    $15,329
    Nontaxable benefits
    $42,757
    Filer's total
    $224,808

  • NAOKO KIMURA

    DIRECTOR, MEMBERSHIP

    Total calculated
    $151,864
    From this org
    $117,919
    From related orgs
    $0
    Other
    $33,945
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $116,694
    Bonus
    $1,225
    Other
    $0
    Deferred
    $10,978
    Nontaxable benefits
    $22,967
    Filer's total
    $151,864

  • SHARON KOSSOFF

    DIR, SPONSORSHIP & DONOR RELATIONS

    Total calculated
    $183,523
    From this org
    $135,509
    From related orgs
    $0
    Other
    $48,014
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,509
    Bonus
    $5,000
    Other
    $0
    Deferred
    $12,414
    Nontaxable benefits
    $35,600
    Filer's total
    $183,523

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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
BONUS PAYMENTS ARE NONFIXED AND DISCRETIONARY. THE CEO'S BONUS IS APPROVED AT THE BOARD LEVEL. ALL OTHER STAFF BONUSES ARE APPROVED BY THE CEO.
PART II, COLUMN B(III)
THE AMOUNT IN COLUMN B(III) INCLUDES IMPUTED INCOME RELATED TO HEALTH INSURANCE FOR SOME INDIVIDUALS

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

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202343199349327459

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