Civic Intelligence

Global Entrepreneurship Week

990 • Fiscal year 2015 • EIN 45-2604983

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 15, 2016

4527 17th Street NArlington, VA 22207

(202) 683-4100

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.03x

Higher debt load relative to assets than 33% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

25th percentile

0.02x

Higher debt load relative to revenue than 25% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

59th percentile

6.0%

Higher net margin than 59% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

99th percentile

$877,649

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 86.7% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

24th percentile

-4.7%

Faster asset growth than 24% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

8th percentile

-39%

Faster revenue growth than 8% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$717,693

Down $35,054 (-4.7%) from 2014

Net Assets

Up

$698,349

Up $61,153 (+9.6%) from 2014

Liabilities

Down

$19,344

Down $96,207 (-83%) from 2014

Revenue

Down

$1,012,237

Down $637,197 (-39%) from 2014

Expenses

Down

$951,084

Down $61,154 (-6.0%) from 2014

Net Income

Down

$61,153

Down $576,043 (-90%) from 2014

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1Liabilities 2011: $02011Assets 2012: $1Liabilities 2012: $02012Assets 2013: $1Liabilities 2013: $02013Assets 2014: $752,747Liabilities 2014: $115,551Net Assets 2014: $637,1962014Assets 2015: $717,693Liabilities 2015: $19,344Net Assets 2015: $698,3492015Assets 2016: $902,364Liabilities 2016: $334,513Net Assets 2016: $567,8512016Assets 2017: $385,418Liabilities 2017: $9,547Net Assets 2017: $375,8712017Assets 2018: $878,615Liabilities 2018: $417,529Net Assets 2018: $461,0862018Assets 2019: $1,138,507Liabilities 2019: $445,938Net Assets 2019: $692,5692019Assets 2020: $1,882,661Liabilities 2020: $767,160Net Assets 2020: $1,115,5012020Assets 2021: $1,101,099Liabilities 2021: $943,031Net Assets 2021: $158,0682021Assets 2022: $791,285Liabilities 2022: $791,285Net Assets 2022: $02022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2015

Assets$717,693
Liabilities$19,344
Net Assets$698,349

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2011: $0Expenses 2011: $0Net Income 2011: $02011Revenue 2012: $0Expenses 2012: $0Net Income 2012: $02012Revenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $1,649,434Expenses 2014: $1,012,238Net Income 2014: $637,1962014Revenue 2015: $1,012,237Expenses 2015: $951,084Net Income 2015: $61,1532015Revenue 2016: $897,624Expenses 2016: $1,028,122Net Income 2016: -$130,4982016Revenue 2017: $749,998Expenses 2017: $941,978Net Income 2017: -$191,9802017Revenue 2018: $754,452Expenses 2018: $669,237Net Income 2018: $85,2152018Revenue 2019: $784,999Expenses 2019: $553,516Net Income 2019: $231,4832019Revenue 2020: $1,230,666Expenses 2020: $807,734Net Income 2020: $422,9322020Revenue 2021: $50,000Expenses 2021: $1,007,433Net Income 2021: -$957,4332021Revenue 2022: $713,334Expenses 2022: $871,402Net Income 2022: -$158,0682022Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023

Highlighted filing

2015

Revenue$1,012,237
Expenses$951,084
Net Income$61,153
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 15, 2016
Return Version
2015v2.1
Gross Receipts
$1,012,237
Mission and Program Overview

Mission

Global entrepreneurship week (gew) runs the world's largest celebration of the innovators and job creators who launch startups that bring ideas to life, drive economic growth and expand human welfare. Continued on schedule o. During one week each in november, gew inspires people everywhere through local, national and global activities designed to help them explore their potential as self-starters and innovators. These activities, from large-scale competitions and events to intimate networking gatherings, connect participants to potential collaborators, mentors and even investors - introducing them to new possibilities and exciting opportunities.

Celebrate the innovators and job creators who launch startups that bring ideas to life, drive economic growth and expand human welfare.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$255,247$615,239▲ $359,992
Cash and Non-Interest-Bearing Accounts-$78,113-
Accounts Receivable$497,500$24,341▼ $473,159
Total Assets$752,747$717,693▼ $35,054
Liabilities
Accounts Payable and Accrued Expenses$2,969$14,890▲ $11,921
Other Liabilities$112,582$4,454▼ $108,128
Total Liabilities$115,551$19,344▼ $96,207
Net Assets / Fund Balance
Unrestricted Net Assets$637,196$698,349▲ $61,153
Total Net Assets Fund Balance$637,196$698,349▲ $61,153
Total Liabilities and Net Assets / Fund Balance$752,747$717,693▼ $35,054
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jonathan OrtmansPresident/directorPT$333,757$14,110$347,867
Mark MarichExecutive Vice PresidentPT$129,630$4,935$134,565

Board Members and Trustees

NameTitle
Donna HarrisDirector
Jeff HoffmanDirector
Rebeca HwangDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,012,005
Program Service Revenue
$0
Investment Income
$232
Other Revenue
$0
All Other Contributions
$1,012,005
Change in Net Assets
$61,153

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,012,237
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,012,237
Total Revenue per Form 990
$1,012,237
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$872,567
Other Expenses$78,517
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$546,683$39,310-$585,993
Other Salaries and Wages$213,698$15,837-$229,535
Payroll Taxes$38,820$2,877-$41,697
Fees for Services Other-$30,858-$30,858
Occupancy$18,259--$18,259
Travel$10,889--$10,889
Other Employee Benefits$9,498--$9,498
Other Expenses$8,314--$8,314
Office Expenses$7,271$36-$7,307
Pension Plan Contributions$5,113$731-$5,844
Depreciation Depletion$1,866--$1,866
Information Technology$798$226-$1,024
Total Functional Expenses$861,209$89,875$0$951,084

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$951,084
Total Expenses per Audited Statements$951,084
Total Expenses per Form 990$951,084
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Due to Public Forum Institute$4,454
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

The organization has no committees.

Form 990, Part VI, Section B, Line 11

The directors, president, vp and secretary are provided with the 990 before it is filed, and are encouraged to review it carefully.

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

Not only have the board members and officers signed the conflict of interest policy stating that they agree to notify the board of any conflict of interest, but they are reminded of the policy at each board meeting. Furthermore, the point person employee for the whistleblower policy (the public forum institute's policy) encourages members to disclose information about any activities that might be reviewed as potential conflicts of interest.

Form 990, Part VI, Section B, Line 15

There have been no reviews or adjustments to senior management compensation. Any further compensation reviews, which fall within the board-adopted policy will be led by an independent board member, will not involve the person concerned, and will be based on contemporaneous comparability data.

Form 990, Part VI, Section C, Line 19

The organization's main governing documents, including its policies and financial statements are made available for inspection at the offices of the public forum institute by the public upon request

Filing and Contact Details

Filer

Filer Name
Global Entrepreneurship Week
EIN
45-2604983
Phone
2026834100
Address
4527 17TH STREET N, ARLINGTON, VA 22207

Signing Officer

Name
Jonathan F Ortmans
Title
President
Phone
2026834100
Signed
2016-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jonathan F Ortmans
Formed
2011
Legal Domicile
Dc
Voting Board Members
5
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Calibre CPA Group Pllc
Address
7501 WISCONSIN AVENUE SUITE 1200, WEST, BETHESDA, MD 20814
Preparer
Subrina Wood CPA
Phone
2023319880
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The board of directors has the authority with regards to oversight of the audit, review, or compilation of the financial statements and the selection of independent accountants.

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. It is, however, subject to tax on net income derived from unrelated business activity under applicable tax law. To date, the organization has not engaged in such activities. The organization accounts for income taxes in accordance with the accounting standards codification (asc) topic income taxes. These provisions provide consistent guidance for the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribe a threshold of "more likely than not" for recognition and derecognition of tax positions taken or expected to be taken in a tax return. The organization performed an evaluation of uncertain tax positions for the year ended december 31, 2015 and determined that there were no matters that would require recognition in the financial statements or that may have an effect on its tax-exempt status. As of december 31, 2015, the statute of limitations for fiscal years 2012 through 2014 remains open with the u.s. Federal jurisdiction. It is the organization's policy to recognize interest and/or penalties related to uncertain tax positions, if any, in unrelated business income tax expense

Raw XML AppendixShowing 400 of 421 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS, HOWEVER, SUBJECT TO TAX ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITY UNDER APPLICABLE TAX LAW. TO DATE, THE ORGANIZATION HAS NOT ENGAGED IN SUCH ACTIVITIES. THE ORGANIZATION ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH THE ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC INCOME TAXES. THESE PROVISIONS PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2015 AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. AS OF DECEMBER 31, 2015, THE STATUTE OF LIMITATIONS FOR FISCAL YEARS 2012 THROUGH 2014 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION. IT IS THE ORGANIZATION'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN UNRELATED BUSINESS INCOME TAX EXPENSE
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JONATHAN ORTMANS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1MARK MARICH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1EXECUTIVE VICE PRESIDENT
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IRS990ScheduleJ/SeverancePaymentInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS NO COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DIRECTORS, PRESIDENT, VP AND SECRETARY ARE PROVIDED WITH THE 990 BEFORE IT IS FILED, AND ARE ENCOURAGED TO REVIEW IT CAREFULLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NOT ONLY HAVE THE BOARD MEMBERS AND OFFICERS SIGNED THE CONFLICT OF INTEREST POLICY STATING THAT THEY AGREE TO NOTIFY THE BOARD OF ANY CONFLICT OF INTEREST, BUT THEY ARE REMINDED OF THE POLICY AT EACH BOARD MEETING. FURTHERMORE, THE POINT PERSON EMPLOYEE FOR THE WHISTLEBLOWER POLICY (THE PUBLIC FORUM INSTITUTE'S POLICY) ENCOURAGES MEMBERS TO DISCLOSE INFORMATION ABOUT ANY ACTIVITIES THAT MIGHT BE REVIEWED AS POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE HAVE BEEN NO REVIEWS OR ADJUSTMENTS TO SENIOR MANAGEMENT COMPENSATION. ANY FURTHER COMPENSATION REVIEWS, WHICH FALL WITHIN THE BOARD-ADOPTED POLICY WILL BE LED BY AN INDEPENDENT BOARD MEMBER, WILL NOT INVOLVE THE PERSON CONCERNED, AND WILL BE BASED ON CONTEMPORANEOUS COMPARABILITY DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S MAIN GOVERNING DOCUMENTS, INCLUDING ITS POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE FOR INSPECTION AT THE OFFICES OF THE PUBLIC FORUM INSTITUTE BY THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS HAS THE AUTHORITY WITH REGARDS TO OVERSIGHT OF THE AUDIT, REVIEW, OR COMPILATION OF THE FINANCIAL STATEMENTS AND THE SELECTION OF INDEPENDENT ACCOUNTANTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE PUBLIC FORUM INSTITUTE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0522315929
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0DC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO IMPROVE PUBLIC UNDERSTANDING OF NATIONAL ISSUES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02400 N STREET NW SUITE 603
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WASHINGTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0DC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd020037
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/USAddress/AddressLine1Txt04527 17TH STREET N
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IRS990/USAddress/StateAbbreviationCd0VA
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IRS990/WebsiteAddressTxt0WWW.GEW.CO
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JONATHAN F ORTMANS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02026834100
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GLOBAL ENTREPRENEURSHIP WEEK

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