Form 990 for tax year 2023

Filed by GLOBAL COMPACT NETWORK USA INC.

Totals

Total revenue: $2,489,724
Total expenses: $2,669,573
Contributions and grants received: $2,434,819
Grants paid: $0
Program service revenue: $0
Investment income: $45,910
Other revenue: $8,995
Total assets, end of year: $3,402,601
Total liabilities, end of year: $1,325,252
Net assets or fund balances, end of year: $2,077,349
Program services expenses (Part IX): $1,745,838
Management and general expenses: $505,143
Fundraising expenses: $418,592
Program service expenses (Part III): $1,745,838

Program services were 65.4% 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

$2,434,819
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $36,315 · excluded $36,315
6c · Rental income or loss

real property $0 · personal property $0
7a · Gross sales of assets other than inventory

securities $472,251
7b · Less cost or other basis and sales expenses

securities $462,656
7c · Gain or loss

securities $9,595 · other assets $0
7d · Net gain or loss

total $9,595 · excluded $9,595
11a · Other revenue: Other revenue

total $8,995 · related or exempt $8,995
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$8,995

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $317,327 · program services $160,880 · management and general $74,720 · fundraising $81,727
7 · Other salaries and wages

total $693,725 · program services $351,707 · management and general $163,350 · fundraising $178,668
9 · Other employee benefits

total $191,272 · program services $97,549 · management and general $45,905 · fundraising $47,818
10 · Payroll taxes

total $75,673 · program services $38,593 · management and general $18,162 · fundraising $18,918
11c · Fees: accounting

total $53,825 · management and general $53,825
11f · Fees: investment management

total $10,645 · management and general $10,645
11g · Fees: other

total $487,203 · program services $416,853 · management and general $70,350 · fundraising $0
12 · Advertising and promotion

total $74,034 · program services $74,034
13 · Office expenses

total $279,576 · program services $159,758 · management and general $49,924 · fundraising $69,894
16 · Occupancy

total $27,504 · program services $15,717 · management and general $4,911 · fundraising $6,876
17 · Travel

total $37,744 · program services $21,568 · management and general $6,740 · fundraising $9,436
19 · Conferences, conventions and meetings

total $396,746 · program services $396,746
23 · Insurance

total $4,231 · program services $966 · management and general $3,027 · fundraising $238
24a · Other expenses: Dues & Subscriptions

total $20,068 · program services $11,467 · management and general $3,584 · fundraising $5,017
24e · All other expenses

total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $963,812 · end of year $1,295,060
2 · Savings and temporary cash investments

beginning of year $592,533 · end of year $502,871
4 · Accounts receivable

beginning of year $0 · end of year $0
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $45,414 · end of year $48,558
10a · Land, buildings and equipment: cost or other basis

$0
10b · Land, buildings and equipment: accumulated depreciation

$0
10c · Land, buildings and equipment, net

beginning of year $0 · end of year $0
11 · Investments: publicly traded securities

beginning of year $1,404,162 · end of year $1,556,112
12 · Investments: other securities

beginning of year $0
13 · Investments: program-related

beginning of year $0
15 · Other assets

beginning of year $0 · end of year $0
17 · Accounts payable and accrued expenses

beginning of year $70,439 · end of year $219,704
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $783,693 · end of year $1,105,548
27 · Net assets without donor restrictions

beginning of year $2,151,789 · end of year $2,077,349

Mission and programs · 2023

Mission

THE GLOBAL COMPACT NETWORK USA IS A FORUM DESIGNED TO BRING US-BASED COMPANIES AND US-BASED UNITS OF FOREIGN COMPANIES THAT ARE SIGNATORIES TO THE UNITED NATIONS GLOBAL COMPACT TOGETHER WITH STAKEHOLDERS FROM THE PUBLIC SECTOR, CIVIL SOCIETY, LABOR, ACADEMIA, AND OTHER SPHERES IN ORDER TO ADVANCE THE PRINCIPLES OF THE UNITED NATIONS GLOBAL COMPACT.

Activities or mission (Part I)

GLOBAL COMPACT NETWORK USA IS A FORUM TO BRING U.S. BASED SIGNATORY COMPANIES OF THE UNITED NATIONS GLOBAL COMPACT TOGETHER WITH STAKEHOLDERS TO ADVANCE THE TEN UNGC PRINCIPLES.

Global Compact Network USA organized virtual and in-person events convening corporate sustainability leaders, civil society organizations, and United Nations representatives. These multi-stakeholder forums promoted awareness and the sharing of best practices related to the UN Global Compact's Ten Principles, the United Nations Sustainable Development goals, and topics such as gender equality and climate action.

Expenses $1,745,838 · Revenue $8,995

As filed on the 2023 return.

Listed in Part VII

ANN TRACY

DIRECTOR; SECRETARY

Total calculated

$0

Hours/week

1.5
DANIELLA FOSTER

DIRECTOR; CHAIR

Total calculated

$0

Hours/week

1.5
GAYLE SCHUELLER

DIRECTOR, VICE CHAIR

Total calculated

$0

Hours/week

1.5
SHOBHA MEERA

DIRECTOR; TREASURER

Total calculated

$0

Hours/week

1.5
BRAIN TIPPENS

DIRECTOR

Total calculated

$0

Hours/week

1.5
EUNICE HEATH

DIRECTOR

Total calculated

$0

Hours/week

1.5
GAVIN POWER

DIRECTOR (AS OF MARCH 2023)

Total calculated

$0

Hours/week

1.5
GULY SABAHI

DIRECTOR (AS OF MARCH 2023)

Total calculated

$0

Hours/week

1.5
JENNIFER LEITSCH

DIRECTOR

Total calculated

$0

Hours/week

1.5
KRISTEN SIEMEN

DIRECTOR (AS OF MARCH 2023)

Total calculated

$0

Hours/week

1.5
MICHAEL OKOROAFOR

DIRECTOR

Total calculated

$0

Hours/week

1.5
PAUL FRANCISCO

DIRECTOR (AS OF MARCH 2023)

Total calculated

$0

Hours/week

1.5
ADAM ROY GORDON

EXECUTIVE DIRECTOR

Total calculated

$317,327

From this org

$246,965

From related orgs

$0

Other

$70,362

Hours/week

40

Schedule J breakdown matched by us

Base

$221,965

Bonus

$25,000

Other

$0

Deferred

$18,280

Nontaxable benefits

$52,082

Filer's total

$317,327
CLAUDIA HERBERT COLFER

HEAD OF PROGRAMMING

Total calculated

$164,037

From this org

$118,614

From related orgs

$0

Other

$45,423

Hours/week

40

Schedule J breakdown matched by us

Base

$107,414

Bonus

$11,200

Other

$0

Deferred

$8,960

Nontaxable benefits

$36,463

Filer's total

$164,037
David Fiss

Head of Engagement (THROUGH SEPT 2023)

Total calculated

$124,150

From this org

$117,917

From related orgs

$0

Other

$6,233

Hours/week

40
Richard W Pearl

Former Officer; Senior Advisor

Total calculated

$195,000

From this org

$195,000

From related orgs

$0

Other

$0

Hours/week

20

Schedule J breakdown matched by us

Base

$195,000

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$0

Filer's total

$195,000

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 · Independent compensation consultant
3 · Written employment contract
3 · Approval by the board or compensation committee
4a · Severance or change-of-control payment
7 · Other non-fixed payments

Answered no

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)

Schedule J, Part I, Line 4a Severance or change-of-control payment: David Fiss received severance payments of $35,000 during 2023. These payments are taxable to the individual.
Schedule J, Part I, Line 7 Non-fixed payments: Bonuses for all employees are awarded and approved at the discretion of the board based on the employee's individual performance.

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: 2023
Filed: 14 November 2024
IRS schema version: 2023v5.1
Source object: 202403199349306810

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