Globalworks Foundation
- Assets
- $392.9k
- Revenue
- $235.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 03/2002
- Data as of
- 12/2023
- EIN
- 52-2341571
Organization Overview
Globalworks Foundation is located in Washington, DC. The organization was established in 2002. According to its NTEE Classification (Q02) the organization is classified as: Management & Technical Assistance, 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. Globalworks Foundation 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, Globalworks Foundation generated $235.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $440.6k 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
TO IMPROVE THE QUALITY OF LIFE IN POOR COMMUNITIES AROUND THE WORLD THROUGH PROJECTS ADDRESSING CONDITIONS RELATED TO GLOBALIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRADE AID AND SECURITY COALITIONS: INITIATIVE ON GLOBAL DEVELOPMENT, INCOME INEQUALITY, AND NATIONAL SECURITY - BUILDS INNOVATIVE PARTNERSHIPS WITH DEVELOPING COUNTRY LEADERS, NGO'S, AND BUSINESSES TO PROMOTE ECONOMIC DEVELOPMENT AND SECURITY IN POOR REGIONS, INCLUDING GLOBAL FORUMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claude Fontheim Chairman/director | OfficerTrustee | 0 | $0 |
D Holly Hammonds Director | OfficerTrustee | 0 | $0 |
Jim Wallack Director | Trustee | 0 | $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 | $235,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $235,100 |
| Total Program Service Revenue | $0 |
| 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 | $235,100 |
| 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 | $73,995 |
| Pension plan accruals and contributions | $2,384 |
| Other employee benefits | $0 |
| Payroll taxes | $5,956 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,112 |
| Fees for services: Accounting | $16,007 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $194,022 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $610 |
| 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 | $0 |
| All other expenses | $122,653 |
| Total functional expenses | $440,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $261,919 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $131,000 |
| 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 | $392,919 |
| Accounts payable and accrued expenses | $77,945 |
| 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 | $282,271 |
| Total liabilities | $360,216 |
| Net assets without donor restrictions | $32,703 |
| 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 | $392,919 |
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|---|---|---|
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International City County Management Association Washington, DC | $27,369,951 | $26,533,226 |
Improving Economies For Stronger Communities Washington, DC | $24,366,418 | $23,794,254 |
International Center For Journalists Inc Washington, DC | $46,320,077 | $26,921,477 |
Peace Operations Training Institute Williamsburg, VA | $624,885 | $978,018 |
A Connected Planet Mclean, VA | $253,370 | $868,718 |
Glf Global Leadership Foundation U Sa Alexandria, VA | $252,921 | $342,894 |
Globalworks Foundation Washington, DC | $392,919 | $235,100 |
Microplanet Technologies Inc Washington, DC | $439,815 | $76,420 |
Virginia Section International City Management Association Richmond, VA | $338,210 | $0 |
Us-Kosovo Foundation Washington, DC | $154,310 | $6,431 |
Alliance For Conflict Transformation Inc Fairfax, VA | $44,861 | $0 |
Partners International Foundation Yorktown, VA | $249,073 | $0 |
International Relief And Development Holdings Inc Arlington, VA | $0 | $0 |