Civic Intelligence

Global Sourcing Council Inc

990EZ • Fiscal year 2017 • EIN 26-1350879

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

C/O Marcum 750 Third Avenue Suite 1New York, NY 10017-2716

(212) 485-5500

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

3rd percentile

-167%

Higher net margin than 3% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

2nd percentile

-95%

Faster asset growth than 2% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

4th percentile

-76%

Faster revenue growth than 4% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,707

Down $33,601 (-95%) from 2016

Net Assets

Down

$1,707

Down $33,601 (-95%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Down

$20,079

Down $63,029 (-76%) from 2016

Expenses

Down

$53,680

Down $18,207 (-25%) from 2016

Net Income

Down

-$33,601

Down $44,822 (-399%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40K$30K$20K$10K$0Assets 2013: $11,119Liabilities 2013: $0Net Assets 2013: $11,1192013Assets 2014: $26,335Liabilities 2014: $0Net Assets 2014: $26,3352014Assets 2015: $24,087Liabilities 2015: $0Net Assets 2015: $24,0872015Assets 2016: $35,308Liabilities 2016: $0Net Assets 2016: $35,3082016Assets 2017: $1,707Liabilities 2017: $0Net Assets 2017: $1,7072017Assets 2018: $2,239Liabilities 2018: $0Net Assets 2018: $2,2392018Assets 2019: $1,096Liabilities 2019: $0Net Assets 2019: $1,0962019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2017

Assets$1,707
Liabilities$0
Net Assets$1,707

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100K$50K$0-$50KRevenue 2013: -$20,408Expenses 2013: $4,655Net Income 2013: -$25,0632013Revenue 2014: $21,627Expenses 2014: $6,411Net Income 2014: $15,2162014Revenue 2015: $57,407Expenses 2015: $59,655Net Income 2015: -$2,2482015Revenue 2016: $83,108Expenses 2016: $71,887Net Income 2016: $11,2212016Revenue 2017: $20,079Expenses 2017: $53,680Net Income 2017: -$33,6012017Revenue 2018: $7,916Expenses 2018: $7,384Net Income 2018: $5322018Revenue 2019: $302Expenses 2019: $1,445Net Income 2019: -$1,1432019Revenue 2020: $0Expenses 2020: $1,096Net Income 2020: -$1,0962020

Highlighted filing

2017

Revenue$20,079
Expenses$53,680
Net Income-$33,601
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$20,079
Mission and Program Overview

Mission

To promote an exchange of ideas and information among businesses, trade organizations, government agencies, non-profit organizations and academics; to discuss and define practices in global sourcing; and to encourage progressive economic growth leading to increased trade, investment and social good, all with an aim to increase knowledge, deepen trade relations and broaden commercial and cultural ties among nations.

Program Services

DescriptionGrantsExpenses
THE GSC 3S AWARDS IS A GLOBAL EMPOWERMENT PLATFORM FOR SMALL AND MID-SIZE "PROFIT WITH PURPOSE" BUSINESS ENTERPRISES. ESTABLISHED IN 2008, THE GSC 3S AWARDS PROGRAM RECOGNIZES INDIVIDUALS AND ORGANIZATIONS THAT HAVE DEMONSTRATED EXCEPTIONAL SOCIAL AND ECONOMIC LEADERSHIP IN INNOVATING, IMPROVING AND IMPLEMENTING SUSTAINABLE AND SOCIALLY RESPONSIBLE SOURCING (3S) PRACTICES. THE ANNUAL 3S AWARDS PROGRAM IDENTIFIES, HONORS AND EMPOWERS SOCIAL ENTREPRENEURS BY PROVIDING GLOBAL VISIBILITY, CONNECTIONS TO SUCCESSFUL GLOBAL BUSINESS LEADERS AND ACCESS TO BUSINESS RESOURCES AND FINANCIAL CAPITAL TO SUCCEED.$0$32,812
SDG (SUSTAINABLE DEVELOPMENT GOALS) OUTREACH 17/17: THE GLOBAL SOURCING COUNCIL HAS DEVELOPED THE "17 WEEKS/17 SDG'S" INITIATIVE TO HELP BUSINESSES TRANSLATE THESE ASPIRATIONAL GLOBAL GOALS INTO ACTION. THE GSC 17/17 PROGRAM AIMS TO: (1) INFORM AND ENGAGE THE GLOABL BUSINESS COMMUNITY IN THE 2030 AGENDA; (2) PROVIDE GLOBAL VISIBILITY FOR BUSINESSES EMBRACING SDGS THROUGH THEIR BUSINESS STRATEGIES; AND (3) INSPIRE BUSINESSES BY SHARING BEST PRACTICES OF LEADERS WHO ACTIVELY EMBRACE THE SDGS.$0$1,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
WANDA R LOPUCHChair Of The BoardPT$0--
KAREN MORRISBoard Member-$0--
BOBBY VARANASIVice Pres/Board Member-$0--
BARBARA HASSELMANTreasurer-$0--
MAUNG MINBoard Member-$0--
NANCY BREEDBoard Member-$0--
LOUIS COPPOLABoard Member-$0--
ERIK PLESSETPresident-$0--
NOEL SMYTHVice President/Board Mbr-$0--
ANNA LINDEMANSecretary-$0--
ARNOUD BROHEBoard Member-$0--
SOPHIE DEJONCKHEEREBoard Member-$0--
JULIAN HERNANDEZBoard Member-$0--
ANDREW BUDSOCKBoard Member-$0--
JILL RITCHIEBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Global Sourcing Council Inc
EIN
26-1350879
In Care Of
% BARBARA HASSELMAN MARCUM LL
Phone
2124855500
Address
C/O Marcum 750 Third Avenue Suite 1, New York, NY 10017-2716

Signing Officer

Name
Barbara Hasselman
Title
Treasurer
Phone
2124855500
Signed
2018-11-15

Preparer

Firm
Marcum Llp
Address
750 THIRD AVENUE, NEW YORK, NY 10017
Supplemental Narrative

Additional Explanations

Fund

The Global Sourcing Council (GSC) honors individuals and organizations that have demonstrated exceptional social and economic leadership in innovating, improving and implementing Sustainable and Socially Responsible Sourcing (3S) practices. 3S practices are those activities that individuals or organisations do to ensure that they make a meaningful impact across their value chain into the lives of the buyers, suppliers, business partners, advisory services and surrounding communities, which are not only socially responsible but sustainable as well.

Form 990EZ Part I Line 16

Description:PROFESSIONAL SERVICES - MEDIA & MARKETING Amount:2250

Form 990EZ Part I Line 16

Description:BANK CHARGES & CREDIT CARD FEES Amount:256

Form 990EZ Part I Line 16

Description:DUES & SUBSCRIPTIONS Amount:2192

Form 990EZ Part I Line 16

Description:FEES & LICENSES Amount:224

Form 990EZ Part I Line 16

Description:PROGRAM SERVICE-3SA AWARDS - PROF SVCS MGT/DEVELOP Amount:14500

Form 990EZ Part I Line 16

Description:PROGRAM SERVICE-3SA AWARDS - TRAVEL Amount:5375

Form 990EZ Part I Line 16

Description:PROGRAM SERVICE-3SA AWARDS - PROF SVCS-MEDIA Amount:3000

Form 990EZ Part I Line 16

Description:PROGRAM SERVICE-3SA AWARDS-PROF SVC-WEBSITE DESIGN Amount:4000

Form 990EZ Part I Line 16

Description:PROGRAM SERVICE-3SA AWARDS-MKTNG/DISTRIB Amount:1000

Form 990EZ Part I Line 16

Description:PROGRAM SERVICE-UN 17/17 SDG-PROF SVC NEWSLETTER Amount:1000

Form 990EZ Part I Line 16

Description:WEBSITE Amount:2977

Form 990EZ Part I Line 16

Description:MEALS Amount:364

Form 990EZ Part I Line 16

Description:PROF FEES - ADMINISTRATIVE Amount:7000

Form 990EZ Part I Line 16

Description:PROGRAM SERVICE-3SA AWARDS-FOOD & LIQUOR Amount:668

Form 990EZ Part I Line 16

Description:PROGRAM SERVICE-3SA AWARDS - TROPHIES Amount:300

Form 990EZ Part I Line 16

Description:PROGRAM SERVICE-3SA AWARDS-INSURANCE Amount:185

Form 990EZ Part I Line 16

Description:PROGRAM SERVICE-3SA AWARDS-SUPPLIES & POSTAGE Amount:1619

Form 990EZ Part I Line 16

Description:PROGRAM SERVICE-3SA AWARDS-AWARDS CEREMONY Amount:2165

Raw XML Appendix264 raw XML fields

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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0WANDA R LOPUCH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1KAREN MORRIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2BOBBY VARANASI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3BARBARA HASSELMAN
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm13ANDREW BUDSOCK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm14JILL RITCHIE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIR OF THE BOARD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VICE PRES/BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8VICE PRESIDENT/BOARD MBR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9SECRETARY
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IRS990EZ/Organization501c3Ind0X
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IRS990EZ/PrimaryExemptPurposeTxt0TO PROMOTE AN EXCHANGE OF IDEAS AND INFORMATION AMONG BUSINESSES, TRADE ORGANIZATIONS, GOVERNMENT AGENCIES, NON-PROFIT ORGANIZATIONS AND ACADEMICS; TO DISCUSS AND DEFINE PRACTICES IN GLOBAL SOURCING; AND TO ENCOURAGE PROGRESSIVE ECONOMIC GROWTH LEADING TO INCREASED TRADE, INVESTMENT AND SOCIAL GOOD, ALL WITH AN AIM TO INCREASE KNOWLEDGE, DEEPEN TRADE RELATIONS AND BROADEN COMMERCIAL AND CULTURAL TIES AMONG NATIONS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE GSC 3S AWARDS IS A GLOBAL EMPOWERMENT PLATFORM FOR SMALL AND MID-SIZE "PROFIT WITH PURPOSE" BUSINESS ENTERPRISES. ESTABLISHED IN 2008, THE GSC 3S AWARDS PROGRAM RECOGNIZES INDIVIDUALS AND ORGANIZATIONS THAT HAVE DEMONSTRATED EXCEPTIONAL SOCIAL AND ECONOMIC LEADERSHIP IN INNOVATING, IMPROVING AND IMPLEMENTING SUSTAINABLE AND SOCIALLY RESPONSIBLE SOURCING (3S) PRACTICES. THE ANNUAL 3S AWARDS PROGRAM IDENTIFIES, HONORS AND EMPOWERS SOCIAL ENTREPRENEURS BY PROVIDING GLOBAL VISIBILITY, CONNECTIONS TO SUCCESSFUL GLOBAL BUSINESS LEADERS AND ACCESS TO BUSINESS RESOURCES AND FINANCIAL CAPITAL TO SUCCEED.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1SDG (SUSTAINABLE DEVELOPMENT GOALS) OUTREACH 17/17: THE GLOBAL SOURCING COUNCIL HAS DEVELOPED THE "17 WEEKS/17 SDG'S" INITIATIVE TO HELP BUSINESSES TRANSLATE THESE ASPIRATIONAL GLOBAL GOALS INTO ACTION. THE GSC 17/17 PROGRAM AIMS TO: (1) INFORM AND ENGAGE THE GLOABL BUSINESS COMMUNITY IN THE 2030 AGENDA; (2) PROVIDE GLOBAL VISIBILITY FOR BUSINESSES EMBRACING SDGS THROUGH THEIR BUSINESS STRATEGIES; AND (3) INSPIRE BUSINESSES BY SHARING BEST PRACTICES OF LEADERS WHO ACTIVELY EMBRACE THE SDGS.
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0BRIDGE LOAN
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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0THE BRIDGE LOAN WAS SUBSEQUENTLY CONVERTED TO BOARD DUES DURING 2017 AND IS CONSIDERED FULLY PAID. NO INTEREST WAS PAID BY THE ORGANIZATION TO WANDA LOPUCH.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART II, LINE 1
IRS990ScheduleL/TotalBalanceDueAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Global Sourcing Council (GSC) honors individuals and organizations that have demonstrated exceptional social and economic leadership in innovating, improving and implementing Sustainable and Socially Responsible Sourcing (3S) practices. 3S practices are those activities that individuals or organisations do to ensure that they make a meaningful impact across their value chain into the lives of the buyers, suppliers, business partners, advisory services and surrounding communities, which are not only socially responsible but sustainable as well.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description:PROFESSIONAL SERVICES - MEDIA & MARKETING Amount:2250
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description:BANK CHARGES & CREDIT CARD FEES Amount:256
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description:DUES & SUBSCRIPTIONS Amount:2192
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Description:FEES & LICENSES Amount:224
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Description:PROGRAM SERVICE-3SA AWARDS - PROF SVCS MGT/DEVELOP Amount:14500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Description:PROGRAM SERVICE-3SA AWARDS - TRAVEL Amount:5375
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Description:PROGRAM SERVICE-3SA AWARDS - PROF SVCS-MEDIA Amount:3000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Description:PROGRAM SERVICE-3SA AWARDS-PROF SVC-WEBSITE DESIGN Amount:4000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Description:PROGRAM SERVICE-3SA AWARDS-MKTNG/DISTRIB Amount:1000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Description:PROGRAM SERVICE-UN 17/17 SDG-PROF SVC NEWSLETTER Amount:1000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Description:WEBSITE Amount:2977
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Description:MEALS Amount:364
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Description:PROF FEES - ADMINISTRATIVE Amount:7000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Description:PROGRAM SERVICE-3SA AWARDS-FOOD & LIQUOR Amount:668
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Description:PROGRAM SERVICE-3SA AWARDS - TROPHIES Amount:300
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Description:PROGRAM SERVICE-3SA AWARDS-INSURANCE Amount:185
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Description:PROGRAM SERVICE-3SA AWARDS-SUPPLIES & POSTAGE Amount:1619
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18Description:PROGRAM SERVICE-3SA AWARDS-AWARDS CEREMONY Amount:2165
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Fund
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990EZ PART I LINE 16
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990EZ PART I LINE 16
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18FORM 990EZ PART I LINE 16
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0BARBARA HASSELMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02124855500
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Global Sourcing Council Inc
ReturnHeader/Filer/BusinessNameControlTxt0GLOB
ReturnHeader/Filer/EIN0261350879
ReturnHeader/Filer/InCareOfNm0% BARBARA HASSELMAN MARCUM LL
ReturnHeader/Filer/PhoneNum02124855500
ReturnHeader/Filer/USAddress/AddressLine1Txt0C/O Marcum 750 Third Avenue Suite 1
ReturnHeader/Filer/USAddress/CityNm0New York
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd0100172716
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DE97CAE4CD42D83126F98665683FCD31B0A12527
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0DE97CAE4CD42D83126F98665683FCD31B0A12527
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId012486720183185000012
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02018-11-14
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.126.113
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARCUM LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0750 THIRD AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010017
ReturnHeader/ReturnTs02018-11-14T16:11:34-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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