Global Aging Institute
- Assets
- $16.1k
- Revenue
- $188.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Alexandria, VA
- Founding
- 03/2015
- Data as of
- 12/2021
- EIN
- 46-5731747
Organization Overview
Global Aging Institute is located in Alexandria, VA. The organization was established in 2015. According to its NTEE Classification (G01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Aging Institute 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, Global Aging Institute generated $188.3k 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 (4.0%) each year. All expenses for the organization totaled $176.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE AWARENESS ABOUT GLOBAL AGING AND TO ENCOURAGE CONSTRUCTIVE POLICY RESPONSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CRITICAL ISSUES. THE GLOBAL AGING INSTITUTE (GAI) RECEIVED FUNDING FOR A NEW SERIES OF OCCASIONAL PAPERS ON THE DEMOGRAPHIC, ECONOMIC, AND SOCIAL TRENDS RESHAPING AMERICA AND THE WORLD, AND IN PARTICULAR THE FUTURE ENVIRONMENT FOR RETIREMENT AND HEALTH CARE. TOPICS EXPLORED INCLUDED THE LONG-TERM IMPACT OF DECLINING BIRTHRATES AND IMMIGRATION ON U.S. ECONOMIC GROWTH, THE CAUSES OF THE SLOWDOWN IN IMPROVEMENTS IN U.S. LIFE EXPECTANCY, AND THE POTENTIAL BENEFITS OF LONGER WORK LIVES IN AN AGING AMERICA.
SHAPE OF THINGS TO COME. THE GLOBAL AGING INSTITUTE (GAI) RECEIVED A SECOND YEAR OF FUNDING FOR A QUARTERLY ISSUE BRIEF SERIES THAT EXPLORES THE FISCAL, ECONOMIC, SOCIAL, AND GEOPOLITICAL IMPLICATIONS OF THE AGING OF AMERICA. TOPICS EXPLORED INCLUDED THE MACROECONOMIC IMPLICATIONS OF POPULATION AGING, COMMON MYTHS ABOUT FEDERAL HEALTH-CARE REFORM, THE SUSTAINABILITY OF AMERICA'S GROWING NATIONAL DEBT, AND THE POTENTIAL BENEFITS OF INCREASED IMMIGRATION IN AN AGING AMERICA.
EDUCATIONAL OUTREACH. IN ADDITION TO UNDERTAKING RESEARCH PROJECTS, THE GLOBAL AGING INSTITUTE (GAI) PURSUES ITS BROAD EDUCATIONAL MISSION BY PARTICIPATING IN NATIONAL AND INTERNATIONAL CONFERENCES, GIVING SPEECHES AND MEDIA INTERVIEWS, AND BRIEFING STAKEHOLDERS ON THE CHALLENGE OF GLOBAL AGING. IN 2021, GAI GAVE PRESENTATIONS AT EVENTS SPONSORED BY, AMONG OTHERS, THE WORLD BANK, THE CONCORD COALITION, THE GLOBAL COALITION ON AGING, AND THE CONFERENCE OF CONSULTING ACTUARIES.
FINANCIAL WELLBEING. THE GLOBAL AGING INSTITUTE (GAI) RECEIVED FUNDING TO COLLABORATE IN WRITING A REPORT WHICH EXAMINES THE DEMOGRAPHIC AND ECONOMIC FORCES THAT ARE RESHAPING FINANCIAL RISKS AND NEEDS ACROSS THE LIFECYCLE AND EXPLAINS HOW THE LIFE INSURANCE INDUSTRY WILL NEED TO EVOLVE IF IT IS TO HELP PEOPLE SAVE ENOUGH AND STAY HEALTHY OVER LONGER LIFE SPANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard P Jackson President & Treasurer | OfficerTrustee | 40 | $150,000 |
Neil Howe Secretary | OfficerTrustee | 1 | $0 |
Thomas S Terry Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,833 |
| All other contributions, gifts, grants, and similar amounts not included above | $167,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $188,333 |
| Total Program Service Revenue | $0 |
| Investment income | $2 |
| 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 | $188,335 |
| 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. | $154,500 |
| Compensation of current officers, directors, key employees. | $30,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,029 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $375 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $1,443 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17 |
| 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 | $0 |
| Insurance | $1,594 |
| All other expenses | $1,237 |
| Total functional expenses | $176,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,778 |
| Savings and temporary cash investments | $302 |
| 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 | $0 |
| 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 | $16,080 |
| Accounts payable and accrued expenses | $2,500 |
| 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 | $13,269 |
| Total liabilities | $15,769 |
| Net assets without donor restrictions | $311 |
| 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 | $16,080 |
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