Global Federation Of Competitiveness Councils
- Assets
- $265.9k
- Revenue
- $407.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 05/2015
- Data as of
- 12/2022
- EIN
- 36-4666753
Organization Overview
Global Federation Of Competitiveness Councils is located in Washington, DC. The organization was established in 2015. According to its NTEE Classification (Q05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Federation Of Competitiveness Councils 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, Global Federation Of Competitiveness Councils generated $407.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $493.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 8 years. 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
TO MEET THE CHALLENGES OF CHANGES IN THE GLOBAL ECONOMIC LANDSCAPE; TO IDENTIFY AND SUPPORT POLICIES AND PROGRAMS TO STIMULATE ECONOMIC GROWTH, FOSTER INNOVATION AND STRENGTHEN NATIONAL COMPETITIVENESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POLICIES AND PROGRAMS TO STIMULATE ECONOMIC GROWTH, FOSTER INNOVATION, AND STRENGTHEN NATIONAL COMPENTITIVENESS. IN 2022 THE GFCC UNIVERSITY AND RESEARCH LEADERSHIP FORUM CONTINUED TO EXCHANGE BEST PRACTICES ON INDUSTRY-UNIVERSITY PARTNERSHIPS, PUBLISHING: (I) "SHIFT," CAPTURING HIGHER ED TRANSFORMATIONS, AND (II) "INDUSTRY-UNIVERSITY PARTNERSHIP." THE GFCC LAUNCHED A NEW INITIATIVE WITH JAPAN SCIENCE AND TECHNOLOGY AGENCY: "DRIVING INNOVATION IN TIMES OF CRISES."THE GFCC HOSTED ITS 2022 ANNUAL MEETING AND INNOVATION SUMMIT IN GREECE. ADDITIONALLY, THE GFCC HOSTED A SERIES OF ONLINE EVENTS AND MONTHLY CALLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles O Holliday Chairman | Trustee | 1 | $0 |
Robson Braga DE Andrade Trustee | Trustee | 1 | $0 |
Omar Al-Ansari Trustee | Trustee | 1 | $0 |
Isabel Gil Trustee | Trustee | 1 | $0 |
George Handjinicolaou Trustee | Trustee | 1 | $0 |
Deborah L Wince-Smith President | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aventures Consultant | 12/30/20 | $211,240 |
Arizona State University Consultant | 12/30/20 | $158,982 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $407,831 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $36 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $407,867 |
| Total Program Service Revenue | $0 |
| Investment income | $3 |
| 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 | $407,870 |
| 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 | $426 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $760 |
| Fees for services: Accounting | $24,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $389,921 |
| Advertising and promotion | $145 |
| Office expenses | $7,771 |
| Information technology | $17,886 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,949 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $744 |
| Insurance | $959 |
| All other expenses | $0 |
| Total functional expenses | $493,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,941 |
| Savings and temporary cash investments | $15,151 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,284 |
| 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 | $10,394 |
| Net Land, buildings, and equipment | $124 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $265,894 |
| Accounts payable and accrued expenses | $2,240 |
| 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 | $0 |
| Total liabilities | $2,240 |
| Net assets without donor restrictions | $263,654 |
| 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 | $265,894 |