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Nonprofiteer
← GLOBAL IMPACT INVESTING NETWORK INC

Form 990 for tax year 2023

Filed by GLOBAL IMPACT INVESTING NETWORK INC.

Totals

Total revenue
$10,577,276
Total expenses
$11,474,633
Contributions and grants received
$3,396,092
Grants paid
$385,800
Program service revenue
$7,169,493
Investment income
$9,656
Other revenue
$2,035
Total assets, end of year
$15,751,354
Total liabilities, end of year
$4,240,694
Net assets or fund balances, end of year
$11,510,660
Program services expenses (Part IX)
$9,433,100
Management and general expenses
$1,162,378
Fundraising expenses
$879,155
Program service expenses (Part III)
$9,433,100

Program services were 82.2% 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.

  • 1e · Government grants (contributions)

    $209,761

  • 1f · All other contributions, gifts and grants

    $3,186,331

  • 2a · Program service revenue: CONFERENCES

    total $3,575,626 · related or exempt $3,575,626

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $3,157,266 · related or exempt $3,157,266

  • 2c · Program service revenue: IMPACT PRINCIPLES SECRETARIAT

    total $391,500 · related or exempt $391,500

  • 2d · Program service revenue: TRAINING&ACCREDITATION FEES

    total $45,101 · related or exempt $45,101

  • 3 · Investment income

    total $9,656 · excluded $9,656

  • 5 · Royalties

    total $6,000 · related or exempt $6,000

  • 11a · Other revenue: MISC.INCOME

    total $35,772 · related or exempt $35,772

  • 11b · Other revenue: LOSS ON FOREIGN CURR.TRANS.

    total -$39,737 · excluded -$39,737

  • 11e · Other revenue, total

    -$3,965

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $340,800 · program services $340,800

  • 3 · Grants to foreign organizations and individuals

    total $45,000 · program services $45,000

  • 5 · Compensation of officers, directors and key employees

    total $1,497,289 · program services $1,129,891 · management and general $198,189 · fundraising $169,209

  • 7 · Other salaries and wages

    total $3,234,231 · program services $2,447,154 · management and general $427,751 · fundraising $359,326

  • 8 · Pension plan contributions

    total $321,206 · program services $236,234 · management and general $42,846 · fundraising $42,126

  • 9 · Other employee benefits

    total $741,383 · program services $545,258 · management and general $98,893 · fundraising $97,232

  • 10 · Payroll taxes

    total $399,799 · program services $294,037 · management and general $53,329 · fundraising $52,433

  • 11b · Fees: legal

    total $514,961 · program services $480,877 · management and general $31,629 · fundraising $2,455

  • 11c · Fees: accounting

    total $119,510 · program services $111,600 · management and general $7,340 · fundraising $570

  • 11g · Fees: other

    total $1,585,936 · program services $1,420,942 · management and general $152,863 · fundraising $12,131

  • 12 · Advertising and promotion

    total $112,224 · program services $112,224

  • 13 · Office expenses

    total $16,064 · program services $10,315 · management and general $5,229 · fundraising $520

  • 14 · Information technology

    total $123,140 · program services $102,716 · management and general $12,027 · fundraising $8,397

  • 16 · Occupancy

    total $548,122 · program services $416,306 · management and general $70,088 · fundraising $61,728

  • 17 · Travel

    total $197,741 · program services $161,883 · management and general $18,806 · fundraising $17,052

  • 19 · Conferences, conventions and meetings

    total $28,344 · program services $23,364 · management and general $3,712 · fundraising $1,268

  • 22 · Depreciation, depletion and amortization

    total $84,421 · program services $66,667 · management and general $17,754

  • 23 · Insurance

    total $54,708 · program services $46,358 · management and general $4,407 · fundraising $3,943

  • 24a · Other expenses: CONFERENCES&SEMINARS

    total $1,273,519 · program services $1,253,103 · management and general $32 · fundraising $20,384

  • 24b · Other expenses: MINOR EQUIPMENT

    total $37,263 · program services $24,888 · management and general $3,985 · fundraising $8,390

  • 24c · Other expenses: TELECOMMUNICATIONS

    total $36,071 · program services $25,869 · management and general $6,742 · fundraising $3,460

  • 24d · Other expenses: SUPPLIES

    total $7,560 · program services $5,338 · management and general $1,419 · fundraising $803

  • 24e · All other expenses

    total $155,341 · program services $132,276 · management and general $5,337 · fundraising $17,728

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,310,079 · end of year $5,522,784

  • 2 · Savings and temporary cash investments

    beginning of year $3,294,068 · end of year $3,303,390

  • 3 · Pledges and grants receivable

    beginning of year $6,091,202 · end of year $3,964,289

  • 4 · Accounts receivable

    beginning of year $214,731 · end of year $343,205

  • 9 · Prepaid expenses and deferred charges

    beginning of year $155,291 · end of year $224,736

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

    $691,290

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

    $505,423

  • 10c · Land, buildings and equipment, net

    beginning of year $270,288 · end of year $185,867

  • 15 · Other assets

    beginning of year $2,633,165 · end of year $2,207,083

  • 17 · Accounts payable and accrued expenses

    beginning of year $760,150 · end of year $757,566

  • 19 · Deferred revenue

    beginning of year $1,180,668 · end of year $1,332,172

  • 25 · Other liabilities

    beginning of year $2,619,989 · end of year $2,150,956

  • 27 · Net assets without donor restrictions

    beginning of year $4,101,267 · end of year $5,585,011

  • 28 · Net assets with donor restrictions

    beginning of year $8,306,750 · end of year $5,925,649

Mission and programs · 2023

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 ENVIRONMENTAL IMPACT ALONGSIDE A FINANCIAL RETURN.

Activities or mission (Part I)

INCREASE THE SCALE AND EFFECTIVENESS OF IMPACT INVESTING AROUND THE WORLD. IMPACT INVESTMENTS ARE INVESTMENTS MADE WITH THE INTENTION TO GENERATE POSITIVE SOCIAL AND ENVIRONMENTAL IMPACT ALONGSIDE A FINANCIAL RETURN.

  • THE GIIN IMPACT FORUM: 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 2023, THE FORUM WAS HELD IN DENMARK AND WELCOMED OVER 1,500 DELEGATES.

    Expenses $2,676,577 · Revenue $3,575,626

  • MEMBERSHIP: THE GIIN MEMBERSHIP NETWORK PROVIDES A PLATFORM FOR A DIVERSE, GLOBAL COMMUNITY OF APPROXIMATELY 440 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 $2,043,687 · Revenue $3,157,266

  • 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 $1,321,687 · Revenue $6,000

  • OTHER PROGRAM SERVICES INCLUDE THE FOLLOWING: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, SUPPORT IMPROVED INVESTOR DECISION-MAKING, AND ADVANCE THE PRACTICE OF IMPACT INVESTING. TO DATE, THE GIIN HAS PRODUCED OVER FIVE DOZEN 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 IMPACT LAB ENGAGES IN RESEARCH AND DEVELOPMENT OF IMPACT INTELLIGENCE TOOLS TO HELP IMPACT INVESTORS MAKE SENSE OF THEIR IMPACT PERFORMANCE OUTCOMES. CAPITAL MOBILIZATION: THE GIIN'S CAPITAL MOBILIZATION PROGRAM AIMS TO INSPIRE ASSET OWNERS TO VOLUNTARILY 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 INTERESTED INVESTORS LEARN HOW TO DEVELOP AN INTEGRATED APPROACH TO IMPACT INVESTING. THE PROGRAM ENGAGES ASSET OWNERS, GLOBALLY, PROVIDING RESOURCES AND EDUCATIONAL OPPORTUNITIES. 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. OPERATING PRINCIPLES FOR IMPACT MANAGEMENT: LAUNCHED IN 2019, THE OPERATING PRINCIPLES FOR IMPACT MANAGEMENT OFFERS A FRAMEWORK FOR THE DESIGN AND IMPLEMENTATION OF IMPACT MANAGEMENT SYSTEMS, ENSURING THAT IMPACT CONSIDERATIONS CAN BE VOLUNTARILY INTEGRATED THROUGHOUT THE INVESTMENT LIFECYCLE (THE IMPACT PRINCIPLES). IN 2022, THE GIIN BECAME THE HOST OF THE IMPACT PRINCIPLES SECRETARIAT.

    Expenses $3,391,149 · Grants $385,800 · Revenue $472,373

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Antony Bugg-Levine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Roopa Kudva

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eloy Lindeijer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vijay Advani

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Maria Hakansson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott Kupor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Katherine Lauderdale

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Roy Swan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amit Bouri

    CEO & PRESIDENT

    Total calculated
    $388,526
    From this org
    $319,524
    From related orgs
    $0
    Other
    $69,002
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $289,524
    Bonus
    $30,000
    Other
    $0
    Deferred
    $27,769
    Nontaxable benefits
    $41,233
    Filer's total
    $388,526

  • Sapna Shah

    CHIEF PROG.&OP.OFFICER AND SECY.

    Total calculated
    $252,442
    From this org
    $197,621
    From related orgs
    $0
    Other
    $54,821
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,621
    Bonus
    $10,000
    Other
    $0
    Deferred
    $17,718
    Nontaxable benefits
    $37,103
    Filer's total
    $252,442

  • Giselle Leung

    CHIEF PARTNERSHIPS OFFICER&VP

    Total calculated
    $145,161
    From this org
    $122,166
    From related orgs
    $0
    Other
    $22,995
    Hours/week
    40

  • Sean Gilbert

    CHIEF INVESTOR NETWORK OFFICER

    Total calculated
    $239,231
    From this org
    $193,501
    From related orgs
    $0
    Other
    $45,730
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,501
    Bonus
    $15,000
    Other
    $0
    Deferred
    $15,760
    Nontaxable benefits
    $29,970
    Filer's total
    $239,231

  • Geraldine Hand

    CHIEF RESEARCH OFFICER

    Total calculated
    $217,848
    From this org
    $178,052
    From related orgs
    $0
    Other
    $39,796
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,052
    Bonus
    $10,000
    Other
    $0
    Deferred
    $16,328
    Nontaxable benefits
    $23,468
    Filer's total
    $217,848

  • Lynda Radosevich

    CHIEF COMMUN.&MARKET.OFFICER

    Total calculated
    $188,643
    From this org
    $173,067
    From related orgs
    $0
    Other
    $15,576
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,400
    Bonus
    $6,667
    Other
    $0
    Deferred
    $15,576
    Nontaxable benefits
    $0
    Filer's total
    $188,643

  • Jessica Rose

    CHIEF FINANCIAL OFFICER

    Total calculated
    $198,776
    From this org
    $170,760
    From related orgs
    $0
    Other
    $28,016
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,760
    Bonus
    $10,000
    Other
    $0
    Deferred
    $13,190
    Nontaxable benefits
    $14,826
    Filer's total
    $198,776

  • Sharon Kossoff

    DIRECTOR, SPONSORSHIP & DONOR RELATIONS

    Total calculated
    $185,153
    From this org
    $146,973
    From related orgs
    $0
    Other
    $38,180
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,973
    Bonus
    $10,000
    Other
    $0
    Deferred
    $13,462
    Nontaxable benefits
    $24,718
    Filer's total
    $185,153

  • Naoko Kimura

    DIRECTOR, MEMBERSHIP

    Total calculated
    $154,197
    From this org
    $129,895
    From related orgs
    $0
    Other
    $24,302
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,895
    Bonus
    $0
    Other
    $0
    Deferred
    $12,027
    Nontaxable benefits
    $12,275
    Filer's total
    $154,197

  • Andy Zhang

    DIRECTOR OF IT

    Total calculated
    $158,724
    From this org
    $129,101
    From related orgs
    $0
    Other
    $29,623
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,101
    Bonus
    $0
    Other
    $0
    Deferred
    $11,625
    Nontaxable benefits
    $17,998
    Filer's total
    $158,724

  • Alpesh Shah

    CONTROLLER

    Total calculated
    $177,938
    From this org
    $125,788
    From related orgs
    $0
    Other
    $52,150
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,788
    Bonus
    $0
    Other
    $0
    Deferred
    $11,997
    Nontaxable benefits
    $40,153
    Filer's total
    $177,938

  • Elizabeth Cllahan

    DIRECTOR, GLOBAL EVENTS

    Total calculated
    $140,999
    From this org
    $119,571
    From related orgs
    $0
    Other
    $21,428
    Hours/week
    40

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
NON-FIXED PAYMENTS - DISCRETIONARY BONUS PAYMENTS ARE MADE TO SELECT EMPLOYEES. THE CEO'S BONUS IS APPROVED BY THE BOARD OF DIRECTORS. ALL OTHER STAFF BONUSES ARE APPROVED BY THE CEO.

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
2023
Filed
4 October 2024
IRS schema version
2023v5.1
Source object
202422999349300617

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