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← GROUP OF 50 FOUNDATION INC

Form 990 for tax year 2024

Filed by GROUP OF 50 FOUNDATION INC.

Totals

Total revenue
$107,129
Total expenses
$371,589
Contributions and grants received
$0
Grants paid
$13,500
Program service revenue
$0
Investment income
$106,595
Other revenue
$534
Total assets, end of year
$2,131,628
Total liabilities, end of year
$3,179
Net assets or fund balances, end of year
$2,128,449
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$264,667

Program services were 0.0% 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.

  • 3 · Investment income

    total $106,595 · related or exempt $0 · unrelated business $0 · excluded $106,595

  • 4 · Income from investment of tax-exempt bond proceeds

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

  • 5 · Royalties

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

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $534 · related or exempt $534 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $534

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $13,500

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $178,902

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $56,273

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $34,804

  • 10 · Payroll taxes

    total $18,646

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $918

  • 11c · Fees: accounting

    total $6,086

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $9,639

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $12,330

  • 14 · Information technology

    total $2,190

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $7,754

  • 17 · Travel

    total $20,332

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $1,932

  • 23 · Insurance

    total $3,596

  • 24a · Other expenses: PROGRAM EXPENSES

    total $4,687

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $861,602 · end of year $525,592

  • 2 · Savings and temporary cash investments

    beginning of year $1,521,809 · end of year $1,600,177

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,602 · end of year $1,241

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

    $10,363

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

    $6,967

  • 10c · Land, buildings and equipment, net

    beginning of year $4,661 · end of year $3,396

  • 14 · Intangible assets

    beginning of year $1,888 · end of year $1,222

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,653 · end of year $3,179

  • 27 · Net assets without donor restrictions

    beginning of year $2,392,909 · end of year $2,128,449

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

THE GROUP OF 50 IS AN INDEPENDENT, NON-PROFIT ORGANIZATION AND HAS NO PARTISAN, IDEOLOGICAL, RELIGIOUS, OR COMMERCIAL AFFILIATIONS OF ANY KIND. ITS MEMBERS ARE SELECTED NOT ONLY FOR THE SUCCESS OF THEIR ENTERPRISES BUT ALSO FOR THEIR COMMITMENT TO THE ECONOMIC DEVELOPMENT OF THE AMERICAS AND THEIR IMPECCABLE REPUTATION FOR ETHICAL BUSINESS BEHAVIOR, THE G50 MEMBERS ARE ALSO SOME OF THE LEADING PHILANTHROPISTS IN THE WESTERN HEMISPHERE. THE G50'S PRIVATE MEETINGS HAVE BECOME LEADING FORUMS FOR EXCHANGING IDEAS AND EXPERIENCES IN RESPONSE TO THE POLITICAL, ECONOMIC, AND SOCIAL TRENDS AFFECTING IBERO-AMERICA AND THE WORLD. THE GROUP ALSO INCLUDES THE MILLENNIUM LEADERS OF THE GROUP OF 50 (ML50), A SELECT GROUP OF ENTREPRENEURS UNDER 40 WHO ARE ALREADY INFLUENTIAL BUSINESS FIGURES IN THE REGION.

  • MEMBER STRATEGIC FORUMS AND ORGANIZATIONAL DEVELOPMENT - THE G50 FACILITATED INTIMATE, OFF-THE-RECORD STRATEGIC PLANNING DISCUSSIONS AND SMALL-GROUP CONVERSATIONS AMONG SELECT IBEROAMERICAN BUSINESS LEADERS DURING 2024. THESE PRIVATE FORUMS FOCUSED ON EVALUATING THE ORGANIZATION'S FUTURE DIRECTION WHILE MAINTAINING THE CORE MISSION OF EXCHANGING IDEAS ON POLITICAL, ECONOMIC, AND SOCIAL TRENDS AFFECTING THE AMERICAS. THE ORGANIZATION HOSTED MULTIPLE STRATEGIC SESSIONS WITH MEMBERS TO ASSESS PROGRAMMING APPROACHES AND ORGANIZATIONAL EVOLUTION, ENSURING CONTINUED RELEVANCE AS A PREMIER FORUM FOR HIGH-LEVEL BUSINESS LEADERSHIP DIALOGUE IN THE REGION.

    Expenses $185,267 · Grants $13,500

  • MEMBER RELATIONS AND NETWORK MAINTENANCE - MAINTAINED ONGOING RELATIONSHIPS WITH G50 AND ML50 (MILLENNIUM LEADERS) MEMBERS THROUGH COMMUNICATIONS, COORDINATION, AND RELATIONSHIP MANAGEMENT ACTIVITIES. THIS INCLUDED PRESERVING THE DYNAMIC NETWORK OF BUSINESS LEADERS COMMITTED TO STRENGTHENING CONNECTIONS BETWEEN THEIR COMMUNITIES AND FACILITATING CONTINUED INFORMAL EXCHANGES OF INNOVATIVE BUSINESS PRACTICES THROUGHOUT IBEROAMERICA.

    Expenses $50,000

  • RESEARCH AND STRATEGIC ANALYSIS - CONDUCTED ORGANIZATIONAL RESEARCH AND ANALYSIS TO INFORM STRATEGIC DECISION-MAKING ABOUT FUTURE PROGRAMMING DIRECTIONS. THIS INCLUDED EVALUATION OF MEMBER NEEDS, ASSESSMENT OF REGIONAL TRENDS AFFECTING IBEROAMERICAN BUSINESS LEADERSHIP, AND DEVELOPMENT OF FRAMEWORKS FOR FUTURE FORUM ACTIVITIES AND ORGANIZATIONAL STRUCTURE.

    Expenses $29,400

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

Listed in Part VII

  • Marianella Morales

    EXECUTIVE DIRECTOR UNTIL SEPTEMBER 2024

    Total calculated
    $91,819
    From this org
    $78,727
    From related orgs
    $0
    Other
    $13,092
    Hours/week
    50

  • Andres Naim

    EXECUTIVE DIRECTOR SINCE SEPTEMBER 2024

    Total calculated
    $87,083
    From this org
    $87,083
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • Moises Naim

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Francisco J Gonzalez

    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.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
14 October 2025
IRS schema version
2024v5.0
Source object
202512899349300826

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