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Nonprofiteer
← GLOBAL INNOVATION DISTRICTS INC

Form 990 for tax year 2024

Filed by GLOBAL INNOVATION DISTRICTS INC.

Totals

Total revenue
$1,476,197
Total expenses
$1,282,549
Contributions and grants received
$1,157,889
Grants paid
$0
Program service revenue
$318,308
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,158,499
Total liabilities, end of year
$139,100
Net assets or fund balances, end of year
$1,019,399
Program services expenses (Part IX)
$883,704
Management and general expenses
$182,495
Fundraising expenses
$216,350
Program service expenses (Part III)
$883,704

Program services were 68.9% 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

    $1,157,889

  • 2a · Program service revenue: GLOBAL SUMMIT TICKET S

    total $168,626 · related or exempt $168,626

  • 2b · Program service revenue: CONSULTING FEES

    total $149,682 · related or exempt $149,682

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $404,928 · program services $158,957 · management and general $58,493 · fundraising $187,478

  • 11b · Fees: legal

    total $125 · management and general $125

  • 11c · Fees: accounting

    total $64,480 · program services $5,038 · management and general $58,434 · fundraising $1,008

  • 11g · Fees: other

    total $660,240 · program services $623,563 · management and general $15,037 · fundraising $21,640

  • 14 · Information technology

    total $19,925 · program services $14,621 · management and general $1,380 · fundraising $3,924

  • 17 · Travel

    total $51,720 · program services $51,484 · management and general $236

  • 22 · Depreciation, depletion and amortization

    total $9,902 · program services $7,266 · management and general $686 · fundraising $1,950

  • 23 · Insurance

    total $5,630 · management and general $5,630

  • 24a · Other expenses: COMMUNICATIONS

    total $43,800 · program services $7,125 · management and general $36,675

  • 24b · Other expenses: BANK CHARGES

    total $16,269 · program services $10,752 · management and general $5,517

  • 24c · Other expenses: SUBSCRIPTIONS

    total $5,530 · program services $4,898 · management and general $282 · fundraising $350

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $264,065 · end of year $422,444

  • 3 · Pledges and grants receivable

    beginning of year $594,974 · end of year $645,697

  • 4 · Accounts receivable

    beginning of year $86,331 · end of year $52,345

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,222 · end of year $9,467

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

    $41,574

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

    $13,028

  • 10c · Land, buildings and equipment, net

    beginning of year $2,338 · end of year $28,546

  • 17 · Accounts payable and accrued expenses

    beginning of year $102,179 · end of year $114,100

  • 19 · Deferred revenue

    end of year $25,000

  • 27 · Net assets without donor restrictions

    beginning of year $193,776 · end of year $226,202

  • 28 · Net assets with donor restrictions

    beginning of year $660,975 · end of year $793,197

Mission and programs · 2024

Mission

GIID'S MISSION IS TO ADVANCE AND ACCELERATE THE GROWTH OF INNOVATION DISTRICTS WORLDWIDE THROUGH DEEP EMPIRICAL ANALYSIS, HIGHLY TAILORED STRATEGIC SUPPORT, AND THROUGH A GLOBAL NETWORK. THROUGH GIID, WE WILL HELP ACCELERATE HOW INNOVATION DISTRICTS BECOME A MULTIPLIER OF GROWTH: TRANSFORMING LOCAL AND REGIONAL ECONOMIES; DEVELOPING NEW SOLUTIONS FOR COMPLEX PROBLEMS RANGING FROM CANCER TO CLIMATE; AND CREATING NEW LADDRES OF OPPORTUNITY FOR REGIONAL RESIDENTS.

Activities or mission (Part I)

THE GLOBAL INSTITUTE ON INNOVATION DISTRICTS IS A GLOBAL-REACHING NOT FOR PROFIT ORGANIZATION DEDICATED TO CONDUCTING INDEPENDENT AND PRACTICE ORIENTED RESEARCH ON INNOVATION DISTRICTS.

  • THE WORK OF GIID HAS EXPANDED SIGNIFICANTLY TO ADDRESS THE FAST-CHANGING ECONOMIC AND TECHNOLOGICAL LANDSCAPE. OUR EMPIRICAL WORK EXPANDS TO EVALUATING CLUSTERS OR CONSTELLATIONS OF DISRICTS AND OTHER HUBS ACROSS REGIONS. OUR GLOBAL NETWORK IS DIGGING DEEPER INTO HOW DISTRICTS ARE DRIVING SPECIFIC SOLUTIONS THAT OTHERS SIMPLY CANNOT DELIVER GIVEN THE COMPLEXITY OF THE SCIENCE. OUR STRATEGIC SUPPORT IS EXPANDING DEEPER INTO ADDRESSING HEALTH-BASED CHALLENGES THAT REQUIRE CELLULAR THERAPIES AND RADIOPHARMACOLOGY. GIID, IN OTHER WORDS, IS EXPANDING IN BOTH DEPTH AND BREADTH TO BE CHANGE-AGENTS AT THE GLOBAL SCALE.

    Expenses $701,732 · Revenue $149,682

  • IN APRIL 2025, GIID CONVENED ITS INAGURAL GLOBAL SUMMIT AT THE MONTERREY INNOVATION DISTRICT IN MEXICO. LEADERS OF BOTH LONG-ESTABLISHED AND NEWLY EMERGING DISTRICTS CAME TOGETHER WITH CHANGEMAKERS AND VISIONARIES FOR THE WORLD'S FIRST LARGE-SCALE GATHERING TAILORED TO THE NEEDS AND AMBITIONS OF THESE DISTINCTIVE URBAN GEOGRAPHIES OF INNOVATION.

    Expenses $181,972 · Revenue $168,626

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Thomas Osha

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Julie Wagner

    VICE-CHAIR (SEE SCHEDULE O)

    Total calculated
    $224,928
    From this org
    $0
    From related orgs
    $224,928
    Other
    $0
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $0 + $224,928 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $224,928 related
  • Pamela Puchalski

    SECRETARY

    Total calculated
    $163,500
    From this org
    $163,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,500
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $163,500
  • Graydon Pleasants

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Bruce Katz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Carrie Kolasky

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Eitan Kyiet

    BOARD MEMBER

    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. 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 · Written employment contract
  • 3 · Compensation survey or study
  • 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

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
28 April 2026
IRS schema version
2024v5.5
Source object
202601199349301300

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