Global Financial Integrity
- Assets
- $637.9k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 8
- Location
- Washington, DC
- Founding
- 10/2012
- Data as of
- 12/2023
- EIN
- 45-3359420
Organization Overview
Global Financial Integrity is located in Washington, DC. The organization was established in 2012. 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. As of 12/2023, Global Financial Integrity employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Financial Integrity 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 12/2023, Global Financial Integrity generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
GLOBAL FINANCIAL INTEGRITY WORKS TO CURTAIL ILLICIT FINANCIAL FLOWS BY CONDUCTING GROUNDBREAKING RESEARCH, PROMOTING PRAGMATIC POLICY SOLUTIONS, AND ADVISING GOVERNMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH: GROUNDBREAKING REPORTS ON THE TOTAL MAGNITUDE OF ILLICIT FINANCIAL FLOWS LEAVING DEVELOPING COUNTRY ECONOMIES AS WELL AS IN-DEPTH DEVELOPING COUNTRY RESEARCH STUDIES. THESE INCLUDE THE COUNTRIES OF UGANDA, KENYA AND COLOMBIA AMONG OTHERS.
ADVOCACY AND TECHNOLOGY: ADVOCACY- ADVISES DEVELOPING COUNTRY GOVERNMENTS ON EFFECTIVE POLICY SOLUTIONS, AND PROMOTES PRAGMATIC TRANSPARENCY MEASURES IN THE INTERNATIONAL FINANCIAL SYSTEM AS A MEANS TO GLOBAL DEVELOPMENT AND SECURITY. TECHNOLOGY- GF TRADE IS A PROPRIETARY RISK ASSESSMENT APPLICATION THAT ENABLES CUSTOMS OFFICIALS TO DETERMINE IF GOODS ARE PRICED OUTSIDE TYPICAL RANGES FOR COMPARABLE PRODUCTS. THE SYSTEM PROVIDES OFFICIALS WITH REAL-TIME PRICE COMPARISONS FOR GOODS IN THE PORT WITH PRICE RANGES FOR THE SAME PRODUCT BASED ON GLOBAL TRADE INFORMATION, WHICH CAN BE USED TO DETERMINE IF FURTHER INVESTIGATION IS WARRANTED. THE BACKBONE OF THE SYSTEM IS TRADE DATA FROM THE WORLD'S LARGEST TRADING COUNTRIES. GF TRADE IS AN ESSENTIAL TOOL TO ASSIST GOVERNMENTS IN MAXIMIZING DOMESTIC RESOURCE MOBILIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lord Daniel Brennan Chairman | OfficerTrustee | 2 | $0 |
Raymond Baker Founding President/treasurer | OfficerTrustee | 2 | $0 |
Dr Rafael Espada Vice Chairman Until 2/23 | OfficerTrustee | 2 | $0 |
Dr Hugette Labelle Secretary/vice Chairman | OfficerTrustee | 2 | $0 |
Segun Apata Secretary/board Member | OfficerTrustee | 2 | $0 |
Leonard Mccarthy Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,106 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,106 |
| Total Program Service Revenue | $1,517,000 |
| Investment income | $0 |
| 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 | $1,519,106 |
| 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. | $189,416 |
| Compensation of current officers, directors, key employees. | $7,878 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $379,256 |
| Pension plan accruals and contributions | $13,672 |
| Other employee benefits | $29,929 |
| Payroll taxes | $43,660 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,982 |
| Fees for services: Accounting | $76,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $402,678 |
| Advertising and promotion | $1,256 |
| Office expenses | $20,029 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $66,536 |
| Travel | $67,472 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $298,946 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $121 |
| Insurance | $4,937 |
| All other expenses | $0 |
| Total functional expenses | $1,684,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $551,450 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $63,372 |
| Accounts receivable, net | $8,324 |
| 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 | $14,794 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $637,940 |
| Accounts payable and accrued expenses | $54,308 |
| Grants payable | $0 |
| Deferred revenue | $520,814 |
| 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 | $575,122 |
| Net assets without donor restrictions | $62,818 |
| 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 | $637,940 |