Glasswing International Usa Inc
- Assets
- $37.7m
- Revenue
- $11.2m
- Investments
- $31.0m
- Employees
- 13
- Location
- New York, NY
- Founding
- 04/2008
- Data as of
- 12/2021
- EIN
- 26-1456470
Organization Overview
Glasswing International Usa Inc is located in New York, NY. The organization was established in 2008. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 12/2021, Glasswing International USA Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glasswing International USA Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Glasswing International USA Inc generated $11.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.1% each year . All expenses for the organization totaled $7.4m during the year ending 12/2021. While expenses have increased by 26.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO GENERATE AWARENESS AND MOBILIZE RESOURCES IN THE US FOR CHARITABLE PURPOSES IN CENTRAL AMERICA. THESE RESOURCES FUND A VOLUNTEER CENTER IN SAN SALVADOR, WHICH PROVIDES HEALTH CARE, MENTORING, AND AFTER SCHOOL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING VOLUNTEER CENTERS IN CENTRAL AMERICA WHICH PROVIDE INFRASTRUCTURE, HEALTH CARE, MENTORING, AND AFTER SCHOOL PROGRAMS TO LOCAL EDUCATIONAL INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Baker CEO | OfficerTrustee | 10 | $47,132 |
John Moore Chairman | OfficerTrustee | 1 | $0 |
Magdalena Serpa Director | Trustee | 1 | $0 |
Rodrigo Pineda Director | Trustee | 1 | $0 |
Elizabeth Griffin Director | Trustee | 1 | $0 |
Orlando Muyshondt Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $115,231 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,234,566 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,349,797 |
| Total Program Service Revenue | $0 |
| Investment income | $159,933 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$329,847 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,179,883 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $6,128,809 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $47,132 |
| Compensation of current officers, directors, key employees. | $30,636 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $641,037 |
| Pension plan accruals and contributions | $15,984 |
| Other employee benefits | $18,814 |
| Payroll taxes | $55,989 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $75 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,203 |
| Fees for services: Other | $158,407 |
| Advertising and promotion | $19,450 |
| Office expenses | $23,738 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $70,742 |
| Travel | $16,652 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,872 |
| Insurance | $10,019 |
| All other expenses | $10,492 |
| Total functional expenses | $7,370,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,414,624 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,250,899 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $31,011,996 |
| Investments—program-related | $0 |
| Intangible assets | $21,536 |
| Other assets | $0 |
| Total assets | $37,699,055 |
| Accounts payable and accrued expenses | $3,489 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $28,161,497 |
| Total liabilities | $28,164,986 |
| Net assets without donor restrictions | $8,174,997 |
| Net assets with donor restrictions | $1,359,072 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $37,699,055 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Glasswing International Usa Inc has recieved totaling $1,195,161.
| Awarding Organization | Amount |
|---|---|
Citi Foundation New York, NY PURPOSE: NUCLEO: DIGITAL INCLUSION AND INNOVATION FOR CHANGE PROGRAM | $500,000 |
Foundation To Promote Open Society New York, NY PURPOSE: TO SUPPORT PLACED-BASED VIOLENCE REDUCTION INITIATIVES IN CHOLOMA HONDURAS, AND VILLA NUEVA GUATEMALA | $188,333 |
Tinker Foundation Incorporated New York, NY PURPOSE: SOCIAL-EMOTIONAL AND REMEDIAL SUPPORT FOR TEACHERS AND STUDENTS IN GUATEMALA, HONDURAS, AND NICARAGUA DURING THE COVID-19 PANDEMIC | $100,000 |
Tinker Foundation Incorporated New York, NY PURPOSE: SOCIAL-EMOTIONAL AND REMEDIAL SUPPORT FOR TEACHERS AND STUDENTS IN GUATEMALA, HONDURAS, AND NICARAGUA DURING THE COVID-19 PANDEMIC | $100,000 |
The Skoll Fund Mountain View, CA PURPOSE: GENERAL OPERATING SUPPORT | $75,000 |
Dutch Bros Foundation Grants Pass, OR PURPOSE: TO FULFILL YOUNG PEOPLES' EDUCATIONAL EXPERIENCE AND PROMOTE THEIR WELLBEING | $62,417 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Social Finance Inc Boston, MA | $95,994,128 | $81,693,226 |
New York Womens Foundation New York, NY | $31,744,630 | $15,820,113 |
Ecumenical Enterprises Inc Dallas, PA | $29,362,494 | $14,819,334 |
Fund For The Aged Inc New York, NY | $109,939,296 | $8,972,478 |
Sdsn Association Inc New York, NY | $10,017,542 | $13,246,367 |
The Foundation For Enhancing Communities Harrisburg, PA | $107,592,484 | $47,434,480 |
Shear Family Foundation Inc Pittsburgh, PA | $193,925,105 | $4,615,784 |
Greater Ridgewood Youth Council Inc Ridgewood, NY | $6,525,051 | $8,713,714 |
Rite Aid Healthy Futures Camp Hill, PA | $33,191,715 | $15,687,011 |
Glasswing International Usa Inc New York, NY | $37,699,055 | $11,179,883 |
The Samberg Family Foundation Katonah, NY | $0 | $4,486,499 |
Single Stop Usa Inc New York, NY | $4,715,111 | $5,987,742 |