Form 990 for tax year 2024
Filed by GLOBAL FEDERATION OF COMPETITIVENESS COUNCILS.
Totals
- Total revenue
- $576,481
- Total expenses
- $514,166
- Contributions and grants received
- $576,250
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $231
- Other revenue
- $0
- Total assets, end of year
- $260,283
- Total liabilities, end of year
- $49,702
- Net assets or fund balances, end of year
- $210,581
- Program services expenses (Part IX)
- $462,749
- Management and general expenses
- $51,417
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $462,749
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
$576,250
-
3 · Investment income
total $231 · excluded $231
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $15,826 · program services $14,243 · management and general $1,583
-
11g · Fees: other
total $395,711 · program services $356,141 · management and general $39,570
-
12 · Advertising and promotion
total $1,496 · program services $1,346 · management and general $150
-
13 · Office expenses
total $13,602 · program services $12,242 · management and general $1,360
-
19 · Conferences, conventions and meetings
total $72,741 · program services $65,467 · management and general $7,274
-
22 · Depreciation, depletion and amortization
total $1,266 · program services $1,139 · management and general $127
-
23 · Insurance
total $509 · program services $458 · management and general $51
-
24a · Other expenses: POSTAGE AND DELIVERY
total $7,676 · program services $6,908 · management and general $768
-
24b · Other expenses: TELEPHONE
total $4,853 · program services $4,368 · management and general $485
-
24c · Other expenses: MISC
total $486 · program services $437 · management and general $49
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $160,536 · end of year $232,159
-
2 · Savings and temporary cash investments
beginning of year $15,152 · end of year $15,383
-
9 · Prepaid expenses and deferred charges
beginning of year $16,870 · end of year $10,526
-
10a · Land, buildings and equipment: cost or other basis
$3,798
-
10b · Land, buildings and equipment: accumulated depreciation
$1,583
-
10c · Land, buildings and equipment, net
beginning of year $3,481 · end of year $2,215
-
17 · Accounts payable and accrued expenses
beginning of year $38,625 · end of year $25,902
-
25 · Other liabilities
beginning of year $9,148 · end of year $23,800
-
27 · Net assets without donor restrictions
beginning of year $133,266 · end of year $195,581
-
28 · Net assets with donor restrictions
beginning of year $15,000 · end of year $15,000
Mission and programs · 2024
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 $462,749
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Deborah L Wince-SmithDEBORAH L WINCE-SMITH
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Charles O HollidayCHARLES O HOLLIDAY
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Charles KiefelCHARLES KIEFEL
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Charles C EvansCHARLES C EVANS
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Roberto Dos Reis AlvarezROBERTO DOS REIS ALVAREZ
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Isabel GilISABEL GIL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
George HandjinicolaouGEORGE HANDJINICOLAOU
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Antonio Ricardo Alvarez AlbanANTONIO RICARDO ALVAREZ ALBAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ray O JohsonRAY O JOHSON
BOARD MEMBER THRU 12/8/24
- 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
- 2024
- Filed
- 14 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513219349307616
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