Global Cities Inc
- Assets
- $2.2m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 80-0841213
Organization Overview
Global Cities Inc is located in New York, NY. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Cities Inc 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 Cities Inc generated $3.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $7.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE STATEMENT 10.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas H Golden Director | 1 | $0 | |
Marjorie Bloomberg Tiven Director And President | 40 | $0 | |
Hayden Horowitz Secretary And Treasurer | 2 | $0 | |
Jonathan D Werle VP Of Operations | 40 | $302,084 | |
Anissa N Bazari Exec Director Strate | 40 | $265,268 | |
Nina E Sonenberg Communications Direc | 40 | $209,650 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Geller & Company Llc | 12/30/23 | $830,282 |
Lan & Pc Services Inc | 12/30/23 | $357,629 |
Glass Frog Solutions | 12/30/23 | $215,150 |
Morris J Vogel | 12/30/23 | $141,334 |
President And Fellows Of Harvard College | 12/30/23 | $207,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,587,220 |
| Interest on Savings | $49,660 |
| Dividends & Interest | $1,424 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $105 |
| Total Revenue | $3,638,409 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $2,922,017 |
| Pension plans, employee benefits | $101,481 |
| Interest | $0 |
| Taxes | $192,314 |
| Depreciation | $0 |
| Occupancy | $448,093 |
| Travel, conferences, and meetings | $189,499 |
| Printing and publications | $13,992 |
| Other expenses | $810,200 |
| Total operating and administrative expenses | $6,986,534 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $6,991,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,191,721 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $53,491 |
| Total assets | $2,245,212 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $11,886 |
| Total liabilities | $11,886 |
Grants Awarded
Over the last fiscal year, Global Cities Inc has awarded $25,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ARTISTS STRIVING TO END POVERTY PURPOSE: GENERAL PURPOSE CONTRIBUTION | $1,250 |
COMMUNITY HELP IN PARK SLOPE INC PURPOSE: GENERAL PURPOSE CONTRIBUTION | $8,750 |
DOROT INC PURPOSE: GENERAL PURPOSE CONTRIBUTION | $2,500 |
GIVING BACK FUND INC PURPOSE: GENERAL PURPOSE CONTRIBUTION | $1,250 |
SANCTUARY FOR FAMILIES INC PURPOSE: GENERAL PURPOSE CONTRIBUTION | $6,250 |
THE ACTORS' FUND OF AMERICA PURPOSE: GENERAL PURPOSE CONTRIBUTION | $1,250 |