Civic Intelligence

Global Market Development Center

EIN 36-2698078 • 501(c)6 • Chicago, IL

Profile

SEE NOTE 1

200 S Wacker Drive - Suite 3100Chicago, IL 60606

www.gmdc.org

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2022

Liabilities / Revenue

26th percentile

0.00x

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

501(c)6 • $500k-$1M nonprofits • Source year 2022

Net Margin

1st percentile

-339%

Higher net margin than 1% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

94th percentile

$202,351

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 105.5% of source-year revenue.

501(c)6 • $500k-$1M nonprofits • Source year 2022

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

1st percentile

-88%

Faster revenue growth than 1% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Down

$0

Down $1,506,164 (-100%) from 2021

Liabilities

Down

$0

Down $800,836 (-100%) from 2021

Net Assets

Down

$0

Down $705,328 (-100%) from 2021

Revenue

Down

$191,881

Down $1,466,934 (-88%) from 2021

Expenses

Down

$842,517

Down $4,404,631 (-84%) from 2021

Net Income

Up

-$650,636

Up $2,937,697 (+82%) from 2021

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2013: $12,028,856Liabilities 2013: $2,233,466Net Assets 2013: $9,795,3902013Assets 2014: $11,861,417Liabilities 2014: $2,439,615Net Assets 2014: $9,421,8022014Assets 2015: $11,252,477Liabilities 2015: $2,369,541Net Assets 2015: $8,882,9362015Assets 2016: $9,884,486Liabilities 2016: $1,693,887Net Assets 2016: $8,190,5992016Assets 2017: $10,116,971Liabilities 2017: $1,806,777Net Assets 2017: $8,310,1942017Assets 2018: $8,278,602Liabilities 2018: $1,718,907Net Assets 2018: $6,559,6952018Assets 2019: $7,271,719Liabilities 2019: $1,545,978Net Assets 2019: $5,725,7412019Assets 2020: $6,178,985Liabilities 2020: $1,978,815Net Assets 2020: $4,200,1702020Assets 2021: $1,506,164Liabilities 2021: $800,836Net Assets 2021: $705,3282021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2022

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2013: $5,912,099Expenses 2013: $6,123,657Net Income 2013: -$211,5582013Revenue 2014: $6,961,302Expenses 2014: $5,804,498Net Income 2014: $1,156,8042014Revenue 2015: $5,481,749Expenses 2015: $5,861,394Net Income 2015: -$379,6452015Revenue 2016: $5,312,172Expenses 2016: $6,255,009Net Income 2016: -$942,8372016Revenue 2017: $6,387,623Expenses 2017: $6,329,555Net Income 2017: $58,0682017Revenue 2018: $6,345,684Expenses 2018: $7,262,792Net Income 2018: -$917,1082018Revenue 2019: $5,521,510Expenses 2019: $7,350,849Net Income 2019: -$1,829,3392019Revenue 2020: $3,304,295Expenses 2020: $5,375,799Net Income 2020: -$2,071,5042020Revenue 2021: $1,658,815Expenses 2021: $5,247,148Net Income 2021: -$3,588,3332021Revenue 2022: $191,881Expenses 2022: $842,517Net Income 2022: -$650,6362022

Highlighted filing

2022

Revenue$191,881
Expenses$842,517
Net Income-$650,636

Filings

Latest Detailed Filing

The latest 2022 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 15, 2022
Return Version
2021v4.0
Gross Receipts
$6,418,826
Mission and Program Overview

Mission

SEE NOTE 1

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$4,409,556$0▼ $4,409,556
Savings and Temporary Cash Investments$282,182$601,952▲ $319,770
Land, Buildings, and Equipment, Net$268,538$0▼ $268,538
Accounts Receivable$114,551$104,136▼ $10,415
Prepaid Expenses and Deferred Charges$68,467$5,500▼ $62,967
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$6,178,985$1,506,164▼ $4,672,821
Other Assets Total$1,035,691$794,576▼ $241,115
Liabilities
Other Liabilities$667,694$794,576▲ $126,882
Deferred Revenue$538,709--
Unsecured Notes Loans Payable$409,830--
Accounts Payable and Accrued Expenses$362,582$6,260▼ $356,322
Total Liabilities$1,978,815$800,836▼ $1,177,979
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,185,170$705,328▼ $3,479,842
Net Assets With Donor Restrictions$15,000--
Total Net Assets Fund Balance$4,200,170$705,328▼ $3,494,842
Total Liabilities and Net Assets / Fund Balance$6,178,985$1,506,164▼ $4,672,821

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$794,576--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Patrick SpearPresidentFT$1,195,087$34,315$1,229,402
Patrick SpearVice President-$380,000$849,402$1,229,402
Michael WinterbottomVice PresidentFT$209,875$322,641$532,516
Keith G WypyszynskiVice PresidentFT$175,000$244,245$419,245
James EngstromVP FIN'L & ADMIFT$190,000$193,704$383,704
Tom DuffyVice PresidentFT$327,551$20,500$348,051
Tom Duffy--$196,458$151,593$348,051
Omar JibreenDirectorFT$163,033$15,170$178,203
Omar JibreenPresident-$87,500$90,703$178,203
Vikii BarnardDirectorFT$120,020$11,829$131,849

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Dovetail SolutionsMarketing/website Develop1407 LARIMER ST - SUITE 200, Denver, CO 80202$199,849
Revenue and Support

Revenue Composition

Contributions and Grants
$10,000
Program Service Revenue
$1,159,130
Investment Income
$377,907
Other Revenue
$111,778
All Other Contributions
$10,000
Change in Net Assets
$-3,588,333
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,889,394
Other Expenses$1,357,754
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-$2,548,211-$2,548,211
Other Salaries and Wages-$968,199-$968,199
All Other Expenses$116,722$180,730-$297,452
Other Employee Benefits-$185,072-$185,072
Payroll Taxes-$147,764-$147,764
Depreciation Depletion-$113,111-$113,111
Occupancy-$93,514-$93,514
Other Expenses$17,800$87,019-$87,019
Travel$2,880$48,392-$51,272
Pension Plan Contributions-$40,148-$40,148
Fees for Services Accounting-$30,025-$30,025
Fees for Service Investment Mgmnt Fees-$26,018-$26,018
Fees for Services Legal-$25,915-$25,915
Insurance-$25,787-$25,787
Conferences and Meetings-$11,463-$11,463
Interest-$6,620-$6,620
Office Expenses-$795-$795
Total Functional Expenses$137,402$5,109,746$0$5,247,148
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Accrued Deferred Compensation$794,576
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

The members of the organization elect the board of directors at each annual meeting.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

All changes to the by-laws are approved at the annual meeting by the members of the organization.

Form 990, Part VI, Line 11B: Form 990 Review Process

Management of the organization provides a thorough review of the form 990 prior to filing. The governing body does not review the form 990 prior to filing. A copy of the form 990 is available to the governing body after filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflicts of interest policy, b. Has read and understands the policy, c. Has agreed to comply with the policy, d. Understands the organization is tax-exempt and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The process includes the following elements: (1) review and approval by the executive committee of the board of directors of gmdc; (2) use of data as to comparable compensation; and (3) contemporaneous documentation and recordkeeping.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Global Market Development Center
EIN
36-2698078
Phone
7195764260
Address
200 S WACKER DRIVE - SUITE 3100, CHICAGO, IL 60606

Signing Officer

Name
Patrick Spear
Title
President
Signed
2022-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick Spear
Formed
1970
Legal Domicile
Il
Voting Board Members
18
Independent Board Members
17
Employees
16

Preparer

Firm
Wells & Associates PC
Address
830 Tenderfoot Hill Road 200, Colorado Springs, CO 80906
Preparer
Samuel K Wells CPA
Phone
7195769194
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3: Ceased Conducting or Significant Changes To Services

The association discontinued operations after december 31, 2021 and began the process of winding up operations and liquidating the association

Part III - Line 1

Primary exempt purposeglobal market development center is a trade association representing retailers, wholesalers, suppliers & manufacturers of general merchandise and health, beauty, and wellness non-food products. The association annually sponsors two marketing conferences for retailers/wholesalers and suppliers/manufacturers of non-food products. It also provides various member services for the retailer/wholesaler and supplier/manufacturer members.

Raw XML AppendixShowing 400 of 625 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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