Civic Intelligence

Global Interdependence Center

EIN 23-2138619 • 501(c)3 • Philadelphia, PA

Profile

Gic brings together a network of international experts in policymaking, central banking, industry, and academia to explore issues and policies concerning global interdependence that impacts world economies and quality of life. We provide a neutral, nonpartisan forum to expand awareness, advance shared interests, and promote social stewardship. Our college of central bankers provides a distinguished forum for former leaders of monetary policymaking organizations to share their insights and thought leadership on critical issues facing central banking and global monetary policy.

100 N 6th Street 5th Floor SWPhiladelphia, PA 19106

www.interdependence.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

84th percentile

0.26x

Higher debt load relative to assets than 84% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

86th percentile

0.19x

Higher debt load relative to revenue than 86% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

28th percentile

-13%

Higher net margin than 28% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

25th percentile

-28%

Faster asset growth than 25% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

56th percentile

3.6%

Faster revenue growth than 56% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets84th percentile

Assets

Down

$344,972

Down $135,263 (-28%) from 2023

Liabilities

Down

$87,989

Down $72,270 (-45%) from 2023

Net Assets

Down

$256,983

Down $62,993 (-20%) from 2023

Operations
Liabilities / Revenue86th percentileNet Margin28th percentile

Revenue

Up

$472,061

Up $16,222 (+3.6%) from 2023

Expenses

Up

$535,744

Up $68,434 (+15%) from 2023

Net Income

Down

-$63,683

Down $52,212 (-455%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth25th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2011: $1,026,852Liabilities 2011: $16,495Net Assets 2011: $1,010,3572011Assets 2012: $1,134,673Liabilities 2012: $39,218Net Assets 2012: $1,095,4552012Assets 2013: $1,161,308Liabilities 2013: $31,566Net Assets 2013: $1,129,7422013Assets 2014: $95,815Liabilities 2014: $56,601Net Assets 2014: $39,2142014Assets 2015: $159,758Liabilities 2015: $7,862Net Assets 2015: $151,8962015Assets 2016: $152,815Liabilities 2016: $13,811Net Assets 2016: $139,0042016Assets 2017: $230,618Liabilities 2017: $43,055Net Assets 2017: $187,5632017Assets 2018: $402,160Liabilities 2018: $99,357Net Assets 2018: $302,8032018Assets 2019: $345,354Liabilities 2019: $23,945Net Assets 2019: $321,4092019Assets 2020: $420,508Liabilities 2020: $11,346Net Assets 2020: $409,1622020Assets 2021: $394,871Liabilities 2021: $61,742Net Assets 2021: $333,1292021Assets 2022: $523,316Liabilities 2022: $193,987Net Assets 2022: $329,3292022Assets 2023: $480,235Liabilities 2023: $160,259Net Assets 2023: $319,9762023Assets 2024: $344,972Liabilities 2024: $87,989Net Assets 2024: $256,9832024

Highlighted filing

2024

Assets$344,972
Liabilities$87,989
Net Assets$256,983
Open 2024 Filing

Operations Trend

Revenue Growth56th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $341,275Expenses 2011: $366,794Net Income 2011: -$25,5192011Revenue 2012: $520,768Expenses 2012: $507,833Net Income 2012: $12,9352012Revenue 2013: $501,630Expenses 2013: $514,755Net Income 2013: -$13,1252013Revenue 2014: $415,976Expenses 2014: $450,980Net Income 2014: -$35,0042014Revenue 2015: $394,026Expenses 2015: $281,344Net Income 2015: $112,6822015Revenue 2016: $304,571Expenses 2016: $317,463Net Income 2016: -$12,8922016Revenue 2017: $414,737Expenses 2017: $366,178Net Income 2017: $48,5592017Revenue 2018: $404,669Expenses 2018: $289,429Net Income 2018: $115,2402018Revenue 2019: $365,126Expenses 2019: $346,520Net Income 2019: $18,6062019Revenue 2020: $364,213Expenses 2020: $276,460Net Income 2020: $87,7532020Revenue 2021: $284,576Expenses 2021: $358,496Net Income 2021: -$73,9202021Revenue 2022: $409,137Expenses 2022: $406,056Net Income 2022: $3,0812022Revenue 2023: $455,839Expenses 2023: $467,310Net Income 2023: -$11,4712023Revenue 2024: $472,061Expenses 2024: $535,744Net Income 2024: -$63,6832024

Highlighted filing

2024

Revenue$472,061
Expenses$535,744
Net Income-$63,683
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$344,972
Liabilities
$87,989
Net assets
$256,983
Revenue
$472,061
Expenses
$535,744
Net income
-$63,683
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.09$0.26$0.47$0.54$0.06
2023Summary only. Only limited summary data is available for this year.$0.48$0.16$0.32$0.46$0.47$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.19$0.33$0.41$0.41$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.39$0.06$0.33$0.28$0.36$0.07
2020Summary only. Only limited summary data is available for this year.$0.42$0.01$0.41$0.36$0.28$0.09
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.02$0.32$0.37$0.35$0.02
2018Summary only. Only limited summary data is available for this year.$0.40$0.10$0.30$0.40$0.29$0.12
2017Summary only. Only limited summary data is available for this year.$0.23$0.04$0.19$0.41$0.37$0.05
2016Summary only. Only limited summary data is available for this year.$0.15$0.01$0.14$0.30$0.32$0.01
2015Summary only. Only limited summary data is available for this year.$0.16$0.01$0.15$0.39$0.28$0.11
2014Summary only. Only limited summary data is available for this year.$0.10$0.06$0.04$0.42$0.45$0.04
2013Summary only. Only limited summary data is available for this year.$1.16$0.03$1.13$0.50$0.51$0.01
2012Summary only. Only limited summary data is available for this year.$1.13$0.04$1.10$0.52$0.51$0.01
2011Summary only. Only limited summary data is available for this year.$1.03$0.02$1.01$0.34$0.37$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 16, 2025
Return Version
2024v5.0
Gross Receipts
$472,061
Mission and Program Overview

Mission

GIC's mission is to encourage the expansion of global dialogue and free trade in order to improve cooperation and understanding among nation states, with the goal of reducing international conflicts and improving worldwide living standards.

Gic brings together a network of international experts in policymaking, central banking, industry, and academia to explore issues and policies concerning global interdependence that impacts world economies and quality of life. We provide a neutral, nonpartisan forum to expand awareness, advance shared interests, and promote social stewardship. Our college of central bankers provides a distinguished forum for former leaders of monetary policymaking organizations to share their insights and thought leadership on critical issues facing central banking and global monetary policy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$250,715$241,848▼ $8,867
Cash and Non-Interest-Bearing Accounts$49,008$22,939▼ $26,069
Pledges and Grants Receivable$31,807$17,145▼ $14,662
Prepaid Expenses and Deferred Charges$77,577$13,498▼ $64,079
Land, Buildings, and Equipment, Net$3,871$2,779▼ $1,092
Total Assets$480,235$344,972▼ $135,263
Other Assets Total$67,257$46,763▼ $20,494
Liabilities
Other Liabilities$68,364$47,939▼ $20,425
Accounts Payable and Accrued Expenses$14,020$21,700▲ $7,680
Deferred Revenue$77,875$18,350▼ $59,525
Total Liabilities$160,259$87,989▼ $72,270
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$189,587$225,145▲ $35,558
Net Assets With Donor Restrictions$130,389$31,838▼ $98,551
Total Net Assets Fund Balance$319,976$256,983▼ $62,993
Total Liabilities and Net Assets / Fund Balance$480,235$344,972▼ $135,263

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,459-$5,459
Other Assets Org$46,763--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Jillian FornitoExecutive DiFT$120,000$120,000

Board Members and Trustees

NameTitle
William KennedyChair
Kathleen StephansenChair Emerit
Holly WadeVice Chair
Ali Houshmand PhdDirector
Benjamin LeavenworthDirector
Brian RankinDirector
David R KotokDirector
Donald RissmillerDirector
George Tsetsekos PhdDirector
J Paul HorneDirector
Leland MillerDirector
Lisa Mcintire ShawDirector
Lori Esposito MurrayDirector
Manuel BalmasedaDirector
Mary Graham DavisDirector
Maryanne WaldmanDirector
Michael DruryDirector
Michael VeloricDirector
Vibhas Madan PhdDirector
Dana PetersonSecretary
Sean HeberlingTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$231,150
Program Service Revenue
$228,818
Investment Income
$12,093
Other Revenue
$0
All Other Contributions
$224,500
Change in Net Assets
$-63,683

Audited Revenue Reconciliation

Revenue per Audited Statements
$472,061
Total Revenue per Audited Statements
$472,061
Total Revenue per Form 990
$472,061
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$329,302
Salaries, Compensation, and Employee Benefits$206,442
Total Fundraising Expense$117,415
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$60,000$30,000$30,000$120,000
Advertising$34,699$14,734$10,019$59,452
Other Salaries and Wages$43,460$14,595$325$58,380
Fees for Services Other$16,008$12,147$4,692$32,847
Occupancy$14,921$6,432$4,373$25,726
Office Expenses$14,131$6,019$4,104$24,254
Travel$11,754$686$6,164$18,604
Payroll Taxes$8,158$3,517$2,391$14,066
Other Employee Benefits$8,118$3,499$2,379$13,996
Fees for Services Accounting-$11,400-$11,400
Insurance$1,607$693$471$2,771
Other Expenses$946$408$277$1,631
Depreciation Depletion$633$273$186$1,092
Total Functional Expenses$312,978$105,351$117,415$535,744

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$535,744
Total Expenses per Audited Statements$535,744
Total Expenses per Form 990$535,744
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$47,939
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The executive committee reviews the tax return and then provides to the full board of directors to approve.”

Form 990, Page 6, Part VI, Line 12C

“The executive director closely monitors the policy on a regular basis.”

Form 990, Page 6, Part VI, Line 15A

“All three factors are considered on an annual basis by the executive committee when determining salaries for all gic staff.”

Form 990, Page 6, Part VI, Line 19

“The relevant documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Global Interdependence Center
EIN
23-2138619
Phone
2152380990
Address
100 N 6TH STREET 5TH FLOOR SW, PHILADELPHIA, PA 19106

Signing Officer

Name
Sean Heberling
Title
Treasurer
Phone
2152380990
Signed
2025-09-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jillian Fornito
Formed
1982
Legal Domicile
Pa
Voting Board Members
21
Independent Board Members
21
Employees
3

Preparer

Firm
Gbb & Co Llp
Address
1150 GLENLIVET DR STE C-36, ALLENTOWN, PA 18106-3122
Preparer
Robert E Blizard Jr CPA
Phone
4842230096
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Gic brings together a network of international experts in policymaking, central banking, industry, and academia to explore issues and policies concerning global interdependence that impacts world economies and quality of life. We provide a neutral, nonpartisan forum to expand awareness, advance shared interests, and promote social stewardship. Our college of central bankers provides a distinguished forum for former leaders of monetary policymaking organizations to share their insights and thought leadership on critical issues facing central banking and global monetary policy.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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