Civic Intelligence

Global Ties Akron

990 • Fiscal year 2022 • EIN 34-1433786

Oct 01, 2021 to Sep 30, 2022 • Filed on Feb 14, 2023

6595 Manchester RoadNew Franklin, OH 44216-9463

(330) 612-4693

Siviq Scores

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

Liabilities / Assets

77th percentile

0.07x

Higher debt load relative to assets than 77% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

74th percentile

0.03x

Higher debt load relative to revenue than 74% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

15th percentile

-29%

Higher net margin than 15% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

94th percentile

$59,814

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 29.4% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

13th percentile

-39%

Faster asset growth than 13% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

37th percentile

-3.4%

Faster revenue growth than 37% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$91,027

Down $59,223 (-39%) from 2021

Net Assets

Down

$84,792

Down $58,733 (-41%) from 2021

Liabilities

Down

$6,235

Down $490 (-7.3%) from 2021

Revenue

Down

$203,602

Down $7,175 (-3.4%) from 2021

Expenses

Up

$262,175

Up $74,656 (+40%) from 2021

Net Income

Down

-$58,573

Down $81,831 (-352%) from 2021

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2020: $124,424Liabilities 2020: $4,156Net Assets 2020: $120,2682020Assets 2021: $150,250Liabilities 2021: $6,725Net Assets 2021: $143,5252021Assets 2022: $91,027Liabilities 2022: $6,235Net Assets 2022: $84,7922022Assets 2023: $106,962Liabilities 2023: $4,486Net Assets 2023: $102,4762023Assets 2024: $93,170Liabilities 2024: $2,607Net Assets 2024: $90,5632024Assets 2025: $70,541Liabilities 2025: $8,359Net Assets 2025: $62,1822025

Highlighted filing

2022

Assets$91,027
Liabilities$6,235
Net Assets$84,792

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2020: $125,094Expenses 2020: $122,513Net Income 2020: $2,5812020Revenue 2021: $210,777Expenses 2021: $187,519Net Income 2021: $23,2582021Revenue 2022: $203,602Expenses 2022: $262,175Net Income 2022: -$58,5732022Revenue 2023: $307,863Expenses 2023: $290,179Net Income 2023: $17,6842023Revenue 2024: $183,722Expenses 2024: $195,635Net Income 2024: -$11,9132024Revenue 2025: $176,581Expenses 2025: $210,039Net Income 2025: -$33,4582025

Highlighted filing

2022

Revenue$203,602
Expenses$262,175
Net Income-$58,573
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Feb 14, 2023
Return Version
2021v4.0
Gross Receipts
$203,602
Mission and Program Overview

Mission

Global Ties Akron's mission is to strengthen academic, corporate, organizational, and personal links between Northeast Ohio and the world. Through professional, cultural, and educational programs that foster cross-cultural understanding, they aim to build global bridges that benefit the Greater Akron community.

Global Ties Akron programs strengthen academic, corporate, organizational, and personal ties between Northeast Ohio and the World.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$144,227$84,314▼ $59,913
Savings and Temporary Cash Investments$1,892$1,892→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Accounts Receivable$0$-160▼ $160
Total Assets$150,250$91,027▼ $59,223
Other Assets Total$4,131$4,981▲ $850
Liabilities
Other Liabilities$6,725$6,235▼ $490
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$6,725$6,235▼ $490
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$143,525$84,792▼ $58,733
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$143,525$84,792▼ $58,733
Total Liabilities and Net Assets / Fund Balance$150,250$91,027▼ $59,223

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$308--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michelle WilsonExecutive DirectorFT$59,814$59,814
Adriane ClaytonBookkeeper / Program ManagerFT$44,850$44,850

Board Members and Trustees

NameTitle
Holly Harris BaneBoard President
Juan Eduardo ContrerasImmediate Past President
Rima MuakkassaBoard Vice President
Litsa VaronisBoard Secretary
Cynthia RobinsonBoard Treasurer
Amanda Johnson-ToalaTrustee
Connie KraussTrustee
Darlyn McDermottTrustee
Doug HausknechtTrustee
Gabriella Paar JakkliTrustee
George HaritosTrustee
Gina IoannitouTrustee
Mahesh SrinivasanTrustee
Maria VaronisTrustee
Nassim MirTrustee
Sam DeShaziorTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$175,567
Program Service Revenue
$28,035
Investment Income
$0
Other Revenue
$0
All Other Contributions
$25,531
Change in Net Assets
$-58,573
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$149,720
Other Expenses$112,455
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$104,664-$104,664
All Other Expenses$44,927$29,509-$74,436
Other Salaries and Wages-$36,759-$36,759
Information Technology$7,026$7,026-$14,052
Conferences and Meetings-$10,341-$10,341
Payroll Taxes-$8,297-$8,297
Office Expenses-$4,938-$4,938
Other Expenses$3,563$0$0$3,563
Insurance-$2,159-$2,159
Payments to Affiliates-$1,892-$1,892
Depreciation Depletion-$1,074-$1,074
Total Functional Expenses$55,516$206,659$0$262,175
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Passport to Wine and Dine$21,109$21,109$3,591$17,518
Total Events$21,109$21,109$9,621$11,488
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Cards$4,997
City Withholding$502
FICA Withholding$222
State Withholding$77
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
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, Part VI, Section A, Line 2

Litsa Varonis, Board Trustee, and Maria Varonis, Board Trustee, have a familial relationship.

Form 990, Part VI, Section B, Line 11B

All governing body members receive Form 990 via email to review and submit corrections before the final document is signed and filed with the IRS.

Form 990, Part VI, Section B, Line 12C

Global Ties Akron monitored and enforced its Conflict of Interest policy by reviewing the disclosure forms and compiling and maintaining a list of potentially conflicted entities and individuals.

Form 990, Part VI, Section B, Line 15

Global Ties Akron's Executive Board reviews the salaries of the Executive Director and key employees. They will bring salary recommendations and performance reviews to the Board of Directors.

Form 990, Part VI, Section C, Line 19

Global Ties Akron makes its governing documents, conflict of interest policy, and financial statements available to the public during the tax year upon request.

Form 990, Part VIII, Line 2F

Services Rendered $2120.90, Fee for Service Income $9,473.85, Other Program Service Revenue Total $11,594.75

Filing and Contact Details

Filer

Filer Name
Global Ties Akron
EIN
34-1433786
Phone
3306124693
Address
6595 Manchester Road, New Franklin, OH 44216-9463

Signing Officer

Name
Holly Harris Bane
Title
Board President
Phone
3306124693
Signed
2023-02-14

Organization Details

Principal Officer
Michelle Wilson
Formed
1976
Legal Domicile
Oh
Voting Board Members
16
Independent Board Members
16
Employees
2
Volunteers
35
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

KYCKYW Expenses $9.78, Social Enterprise Expenses $2,740.03, Local Programs & Picnic Expenses $1,842.75, Programming Expenses Other $15,536.19, Program Services Total $20,128.75

Form 990, Part IX, Line 24E

Credit Card Expenses $693.83 Fundraising Expenses $9621.10 Reimbursements $998.10 Transportation Expenses $765.00 Business Meeting Expenses $244.78 Fee for Service Expenses $22,241.95 Programming Expenses $30,535.02 Social Enterprise Expenses $2,740.03 Supplies & Materials Expenses $6,446.55 Banking Service Fee $10.00 PayPal Service Fee $138.54 Other Expenses Total $74,434.90

Form 990, Part X, Line 15

2017 - HP Officejet Pro Printer $129.99 Value $0.00 2017 - Projector $399.99 Value $0.00 2019 - Microsoft Surface Laptop $1541.43 Value $308.31 2019 - HP Al-in-One Desk Top Computer $249.99 Value $50.03 2019 - Dell Inspiron Desk Top $649.99 Value $130.03 2020 - Dell XPS 13 $1199.99 Value $960.00 2020 - Dell XPS 13 $1199.99 Value $960.00 2020 - Dell Desktop Tower $648.23 Value $648.23 2022 - Dell Desktop Computer $962.42 Value $962.42 2022 - Dell Desktop Computer $962.42 Value $962.42

Form 990, Part X, Line 25

Credit Cards $4996.64 City Withholding $502.63 State Withholding $76.89 Federal Withholding$436.57 FICA Withholding $222.63 Liabilities Total $6235.36

Form 990, Part XI, Line 9

Accounts Receivable

Raw XML AppendixShowing 400 of 637 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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IRS990/Form990PartVIISectionAGrp/PersonNm1Adriane Clayton
IRS990/Form990PartVIISectionAGrp/PersonNm2Holly Harris Bane
IRS990/Form990PartVIISectionAGrp/PersonNm3Rima Muakkassa
IRS990/Form990PartVIISectionAGrp/PersonNm4Litsa Varonis
IRS990/Form990PartVIISectionAGrp/PersonNm5Cynthia Robinson
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IRS990/Form990PartVIISectionAGrp/PersonNm14Mahesh Srinivasan
IRS990/Form990PartVIISectionAGrp/PersonNm15Connie Krauss
IRS990/Form990PartVIISectionAGrp/PersonNm16Gina Ioannitou
IRS990/Form990PartVIISectionAGrp/PersonNm17George Haritos
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Board President
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IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt6Immediate Past President
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
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IRS990/MissionDesc0Global Ties Akron programs strengthen academic, corporate, organizational, and personal ties between Northeast Ohio and the World. Global Ties Akron highlights the many strong professional resources of Akron and Northeast Ohio. Global Ties Akron creates positive views of Americans - helping to eliminate negative stereotypes. Global Ties Akron builds mutual understanding of others' cultures, situations, and beliefs.
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IRS990/ProgSrvcAccomActy2Grp/Desc0The University of Ghana Business School (UGBS) Global Online Collaboratory Hub (The Hub), which will link Accra, Ghana, Orange County, California, and Akron, Ohio college students. The Hub will be at the center of entrepreneurial education and soft skills development via a unique, content-rich technology platform developed by Kolena Corporation to address the needs of UGBS faculty and students.
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IRS990/ProgSrvcAccomActy3Grp/Desc0International Visitor Leadership Program (IVLP) - is the U.S. Department of State's premier professional exchange program. Through short-term visits to the United States, current and emerging foreign leaders in various fields experience this country firsthand and cultivate lasting relationships with their American counterparts. Professional meetings reflect the participants' professional interests and support the foreign policy goals of the United States.
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