Global Innovation Districts Inc
- Assets
- $1.1m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/2019
- Data as of
- 06/2022
- EIN
- 84-1811424
Organization Overview
Global Innovation Districts Inc is located in New York, NY. The organization was established in 2019. According to its NTEE Classification (S05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Innovation Districts 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 06/2022, Global Innovation Districts Inc generated $1.4m in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE GLOBAL INSTITUTE IS TO STENGTHEN AN EMERGING, PLACE-BASED MODEL OF INNOVATION-INNOVATION DISTRICTS-TO BE AN IMPACTFUL PLACE-BASED STRATEGY THAT CITIES AND REGIONS CAN DEPLOY TO STRENGTH THEIR ECONOMIC COMPETITIVENESS AND SOCIAL EQUITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2022, THE GLOBAL INSTITUTE SHIFTED FROM AN INTERIM NETWORK TO A CUTTING-EDGE GLOBAL NETWORK OF 23 INNOVATION DISTRICTS. THIS DEEP-LEARNING NETWORK RECEIVES EMPIRICAL ANALYSIS OF THEIR R&D, PLACE, AND LEADERSHIP ASSETS IN ADDITION TO COLLABORATIVE WORK THROUGH COHORT AND LARGE GROUP SETTINGS. ADDITIONALLY, THE GLOBAL INSTITUTE PROVIDED STRATEGIC SUPPORT TO SELECT EMERGING DISTRICTS STRIVING TO LEVERAGE THEIR R&D AND ADVANCED INDUSTRY STRENGTHS. THESE COLLECTIVE FINDINGS ARE BEING AGGREGATED TO DEVELOP PUBLIC-FACING MATERIALS AND NEW PUBLIC POLICY ADVICE TO SUPPORT THE INNOVATIVE AND EQUITABLE GROWTH OF CITIES AND REGIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Wagner President | OfficerTrustee | 60 | $0 |
Pamela Puchalski Treasurer | OfficerTrustee | 20 | $73,500 |
Carrie Kolaski Secretary | OfficerTrustee | 1 | $0 |
Thomas Osha Board Chair | OfficerTrustee | 1 | $0 |
Bruce Katz Board Member | Trustee | 1 | $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 | $1,044,738 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,044,738 |
| Total Program Service Revenue | $315,640 |
| 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 | $1,361,535 |
| 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. | $17,000 |
| Compensation of current officers, directors, key employees. | $5,667 |
| 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 | $410 |
| Fees for services: Accounting | $30,771 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $590,724 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $10,858 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $960 |
| 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 | $8,307 |
| Insurance | $4,350 |
| All other expenses | $0 |
| Total functional expenses | $746,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $469,936 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $428,071 |
| Accounts receivable, net | $153,157 |
| 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 | $4,154 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,055,318 |
| Accounts payable and accrued expenses | $90,113 |
| 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 | $0 |
| Total liabilities | $90,113 |
| Net assets without donor restrictions | $403,802 |
| Net assets with donor restrictions | $561,403 |
| 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 | $1,055,318 |