Concordia Summit Inc
- Assets
- $1.1m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 28
- Location
- New York, NY
- Founding
- 10/2012
- Data as of
- 12/2022
- EIN
- 27-5121564
Organization Overview
Concordia Summit Inc is located in New York, NY. The organization was established in 2012. According to its NTEE Classification (Q40) the organization is classified as: International Peace & Security, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, Concordia Summit Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Concordia Summit 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 12/2022, Concordia Summit Inc generated $3.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $4.5m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CONCORDIA SUMMIT IS A NON-PROFIT ORGANIZATION THAT SEEKS TO BUILD PUBLIC-PRIVATE PARTNERSHIPS AROUND GLOBAL ISSUES. CONVENING ITS INAUGRAL FORUM IN SEPTEMBER 2011, THE CONCORDIA SUMMIT FOCUSES ON PROMOTING MORE INTERACTION BETWEEN THE PUBLIC AND PRIVATE SECTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONCORDIA FOSTERS MEANINGFUL DIALOGUE, SPARKS COLLABORATION, AND INSPIRES COLLECTIVE ACTION BY WAY OF DIVERSE PROGRAMMING THROUGHOUT THE YEAR. FROM THE ANNUAL CONCORDIA SUMMIT TO A SERIES OF YEAR-ROUND ENGAGEMENT OPPORTUNITIES, OUR PROGRAMMING CONNECTS CONCORDIA MEMBERS WITH THOUGHT LEADERS AND SOCIAL INNOVATORS WHILE ENCOURAGING CONTRIBUTION BEYOND OUR EVENTS.ON SEPT 19-21, 2022, THE 2022 CONCORDIA ANNUAL SUMMIT CONVENED OVER 1,900 PARTICIPANTS IN-PERSON TO ENGAGE SOME OF THE WORLD'S PREEMINENT THOUGHT LEADERS AND DECISION MAKERS TO ADDRESS PRESSING GLOBAL CHALLENGES BY HIGHLIGHTING THE POTENTIAL THAT EFFECTIVE CROSS-SECTOR COLLABORATION CAN HAVE IN CREATING A MORE PROSPEROUS AND SUSTAINABLE FUTURE. PARTICIPANTS CHARTED A COURSE FORWARD IN A POST-PANDEMIC WORLD AND BUILT ON A SPIRIT OF INTERNATIONAL COOPERATION AS THEY DISCUSSED SCALABLE SOLUTIONS TO TIMELY ISSUES SUCH AS FINANCIAL INCLUSION, GLOBAL TRADE, AND THE ROLE OF THE PRIVATE SECTOR IN COMBATING MISINFORMATION AND DISINFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Swift President/executive Direct | OfficerTrustee | 40 | $0 |
Nicholas Logothetis Chairman | OfficerTrustee | 40 | $0 |
Regina Sheridan Board Member | Trustee | 1 | $0 |
Prescott Stewart Board Member | Trustee | 1 | $0 |
Kj Wang Board Member | Trustee | 1 | $0 |
Cordell Carter Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Dufour Collaborative Production Services | 12/30/21 | $375,000 |
Moss Agency Llc Event Production | 12/30/21 | $100,913 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $563,140 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $110,568 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,229,834 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,903,542 |
| Total Program Service Revenue | $661,117 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,639,664 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $886,279 |
| Pension plan accruals and contributions | $2,227 |
| Other employee benefits | $131,527 |
| Payroll taxes | $91,947 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,216 |
| Fees for services: Accounting | $28,011 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,334,715 |
| Advertising and promotion | $13,801 |
| Office expenses | $29,622 |
| Information technology | $82,732 |
| Royalties | $0 |
| Occupancy | $34,706 |
| Travel | $355,437 |
| 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 | $5,169 |
| Insurance | $10,733 |
| All other expenses | $4,453 |
| Total functional expenses | $4,485,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,962 |
| Savings and temporary cash investments | $80,001 |
| Pledges and grants receivable | $719,500 |
| Accounts receivable, net | $160,383 |
| 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 | $17,986 |
| Net Land, buildings, and equipment | $23,263 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,133,095 |
| Accounts payable and accrued expenses | $1,103,496 |
| Grants payable | $0 |
| Deferred revenue | $78,769 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $321,907 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $495,650 |
| Other liabilities | $0 |
| Total liabilities | $1,999,822 |
| Net assets without donor restrictions | -$866,727 |
| Net assets with donor restrictions | $0 |
| 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 | $1,133,095 |