Globalworks Foundation
- Assets
- $367.5k
- Revenue
- $245.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 03/2002
- Data as of
- 12/2021
- 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 12/2021, Globalworks Foundation generated $245.5k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $176.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 6 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 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 | $245,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $245,500 |
| 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 | $245,500 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,512 |
| Fees for services: Accounting | $17,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $134,909 |
| Advertising and promotion | $5,000 |
| Office expenses | $233 |
| Information technology | $3,072 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,301 |
| All other expenses | $0 |
| Total functional expenses | $176,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $196,530 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $171,000 |
| 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 | $367,530 |
| Accounts payable and accrued expenses | $2,550 |
| 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 | $284,221 |
| Total liabilities | $286,771 |
| Net assets without donor restrictions | $80,759 |
| 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 | $367,530 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Globalworks Foundation has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Pharmaceutical Research And Manufacturers Of America Washington, DC PURPOSE: general contribution | $50,000 |
Motion Picture Association Inc Sherman Oaks, CA PURPOSE: General Support | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cnfa Washington, DC | $27,708,983 | $53,887,234 |
Engenderhealth Inc Washington, DC | $16,076,034 | $33,702,953 |
International City County Management Association Washington, DC | $26,776,388 | $25,074,331 |
Improving Economies For Stronger Communities Washington, DC | $23,763,867 | $20,652,839 |
International Center For Journalists Inc Washington, DC | $35,656,295 | $25,106,814 |
Small Enterprise Education And Promotion Network Inc Arlington, VA | $1,027,683 | $1,485,694 |
Peace Operations Training Institute Williamsburg, VA | $902,166 | $1,336,277 |
A Connected Planet Mclean, VA | $219,418 | $882,057 |
Glf Global Leadership Foundation U Sa Arlington, VA | $669,271 | $301,197 |
Microplanet Technologies Inc Washington, DC | $439,815 | $76,420 |
Globalworks Foundation Washington, DC | $367,530 | $245,500 |
Virginia Section International City Management Association Richmond, VA | $291,018 | $0 |