Civic Intelligence

Global Compact Network USA Inc.

990 • Fiscal year 2022 • EIN 47-1590003

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

685 Third Avenue Twelfth FloorNew York, NY 10017-8409

(929) 215-8815

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.28x

Higher debt load relative to assets than 83% of similar nonprofits.

2022 filings • NTEE Q • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

91st percentile

0.49x

Higher debt load relative to revenue than 91% of similar nonprofits.

2022 filings • NTEE Q • $1M-$5M nonprofits • Source year 2022

Net Margin

61st percentile

10.0%

Higher net margin than 61% of similar nonprofits.

2022 filings • NTEE Q • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

96th percentile

$259,914

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 14.9% of source-year revenue.

2022 filings • NTEE Q • $1M-$5M nonprofits • Source year 2022

Asset Growth

51st percentile

4.7%

Faster asset growth than 51% of similar nonprofits.

2022 filings • NTEE Q • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

38th percentile

-6.0%

Faster revenue growth than 38% of similar nonprofits.

2022 filings • NTEE Q • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$3,005,921

Up $134,564 (+4.7%) from 2021

Net Assets

Up

$2,151,789

Up $148,044 (+7.4%) from 2021

Liabilities

Down

$854,132

Down $13,480 (-1.6%) from 2021

Revenue

Down

$1,742,668

Down $110,266 (-6.0%) from 2021

Expenses

Up

$1,568,900

Up $752,181 (+92%) from 2021

Net Income

Down

$173,768

Down $862,447 (-83%) from 2021

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2015: $200,699Liabilities 2015: $0Net Assets 2015: $200,6992015Assets 2016: $229,141Liabilities 2016: $0Net Assets 2016: $229,1412016Assets 2017: $78,732Liabilities 2017: $0Net Assets 2017: $78,7322017Assets 2018: $129,918Liabilities 2018: $0Net Assets 2018: $129,9182018Assets 2019: $613,502Liabilities 2019: $44,130Net Assets 2019: $569,3722019Assets 2020: $1,533,574Liabilities 2020: $566,043Net Assets 2020: $967,5312020Assets 2021: $2,871,357Liabilities 2021: $867,612Net Assets 2021: $2,003,7452021Assets 2022: $3,005,921Liabilities 2022: $854,132Net Assets 2022: $2,151,7892022Assets 2023: $3,402,601Liabilities 2023: $1,325,252Net Assets 2023: $2,077,3492023Assets 2024: $3,056,807Liabilities 2024: $2,112,071Net Assets 2024: $944,7362024

Highlighted filing

2022

Assets$3,005,921
Liabilities$854,132
Net Assets$2,151,789

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2015: $352,900Expenses 2015: $152,201Net Income 2015: $200,6992015Revenue 2016: $359,856Expenses 2016: $331,414Net Income 2016: $28,4422016Revenue 2017: $429,588Expenses 2017: $579,997Net Income 2017: -$150,4092017Revenue 2018: $521,522Expenses 2018: $470,336Net Income 2018: $51,1862018Revenue 2019: $866,222Expenses 2019: $504,012Net Income 2019: $362,2102019Revenue 2020: $1,008,343Expenses 2020: $610,031Net Income 2020: $398,3122020Revenue 2021: $1,852,934Expenses 2021: $816,719Net Income 2021: $1,036,2152021Revenue 2022: $1,742,668Expenses 2022: $1,568,900Net Income 2022: $173,7682022Revenue 2023: $2,489,724Expenses 2023: $2,669,573Net Income 2023: -$179,8492023Revenue 2024: $2,035,166Expenses 2024: $3,231,240Net Income 2024: -$1,196,0742024

Highlighted filing

2022

Revenue$1,742,668
Expenses$1,568,900
Net Income$173,768
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$1,843,627
Mission and Program Overview

Mission

The global compact network usa is a forum designed to bring u.s.-based signatory companies (and u.s.-based units of foreign companies) together with stakeholders from the public sector, civil society, labor, academia, and other spheres in order to advance the principles of the united nations global compact.

Global compact network usa is a forum to bring u.s. Based signatory companies of the united nations global compact together with stakeholders to advance the ten ungc principles.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$0$1,404,162▲ $1,404,162
Cash and Non-Interest-Bearing Accounts$2,819,707$963,812▼ $1,855,895
Savings and Temporary Cash Investments$2,098$592,533▲ $590,435
Prepaid Expenses and Deferred Charges$49,552$45,414▼ $4,138
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net-$0-
Loans From Officers Directors-$0-
Total Assets$2,871,357$3,005,921▲ $134,564
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$854,595$783,693▼ $70,902
Accounts Payable and Accrued Expenses$13,017$70,439▲ $57,422
Total Liabilities$867,612$854,132▼ $13,480
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,003,745$2,151,789▲ $148,044
Total Net Assets Fund Balance$2,003,745$2,151,789▲ $148,044
Total Liabilities and Net Assets / Fund Balance$2,871,357$3,005,921▲ $134,564
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
-Engagement Director & Interim Executive DirectorFT$169,526$90,388$259,914
-EXECUTIVE DIRECTOR 4/2022 through 8/2022FT$89,521$67,146$156,667

Board Members and Trustees

NameTitle
-Director, Chair
-Director, Vice Chair
-Director
-DIRECTOR; SECRETARY
-DIRECTOR; TREASURER
Revenue and Support

Revenue Composition

Contributions and Grants
$1,736,066
Program Service Revenue
$0
Investment Income
$6,602
Other Revenue
$0
All Other Contributions
$1,736,066
Change in Net Assets
$173,768

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,742,668
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-25,724
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$1,716,944
Total Revenue per Form 990
$1,742,668
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$880,496
Salaries, Compensation, and Employee Benefits$688,404
Total Fundraising Expense$176,011
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$174,087$157,415$85,079$416,581
Conferences and Meetings$356,231--$356,231
Fees for Services Other$206,576$109,646$0$316,222
Other Salaries and Wages$70,373$63,629$34,512$168,514
Office Expenses$55,956$39,969$23,981$119,906
Other Employee Benefits$27,851$25,198$13,262$66,311
Payroll Taxes$15,539$14,059$7,400$36,998
Advertising$25,932--$25,932
Travel$11,564$8,260$4,955$24,779
Occupancy$10,429$6,709$4,470$21,608
Other Expenses$4,795$3,425$2,055$10,275
Insurance$693$3,011$297$4,001
Fees for Service Investment Mgmnt Fees-$1,542-$1,542
Total Functional Expenses$960,026$432,863$176,011$1,568,900

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,568,900
Total Expenses per Audited Statements$1,568,900
Total Expenses per Form 990$1,568,900
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$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
Insider Transactions and Loans

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Income Share Due Foundation for the Global Compact$783,693
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 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
No
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, Part VI, Line 13 WHISTLEBLOWER POLICY

Due to the organization's size, management does not believe that it is necessary to have a written whistleblower policy.

Form 990, Part VI, Line 14 DOCUMENT RETENTION AND DESTRUCTION POLICY

Due to the organization's size, management does not believe that it is necessary to have a document retention and destruction policy in place.

Form 990, Part VI, Line 15 PROCESS FOR DETERMINING COMPENSATION

An executive search firm was contracted to conduct a search for the organization's executive director. The firm's work included a market place compensation review and recommendations to the board. The board reviewed and approved the compensation for the executive director. The organization does not compensate any other officers or key employees.

Form 990, Part VI, Line 8B Documentation of meetings held by committees of governing body

The organization has no committees with authority to act on behalf of the governing body. As such, Line 8b is not applicable and has been checked no, in accordance with the instructions.

Form 990, Part VI, Line 11B Review of form 990 by governing body

The form 990 will be sent to the board chair and treasurer for approval and for the board chair's signature. A copy of the completed 990 will be sent to the rest of the board members for review prior to filing.

Form 990, Part VI, Line 12C Conflict of interest policy

Global compact network usa has a conflict of interest policy that requires all directors, as well as other interested persons, to annually disclose any conflicts of interest with the organization through a questionnaire. These questionnaires are monitored annually, and potential conflicts are immediately addressed by the organization.

Form 990, Part VI, Line 19 Required documents available to the public

The governing documents, conflict of interest policy, and financial statements are available to the public upon request. The Bylaws and annual audit report is available at www.globalcompactusa.org

Filing and Contact Details

Filer

Filer Name
Global Compact Network USA Inc
EIN
47-1590003
Phone
9292158815
Address
685 Third Avenue Twelfth Floor, New York, NY 10017-8409

Signing Officer

Name
Adam Gordon
Title
Executive Director
Phone
9292158815
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
2014
Legal Domicile
De
Voting Board Members
8
Independent Board Members
8
Employees
5
Volunteers
8

Preparer

Firm
Crowe Llp
Address
225 West Wacker Drive Suite 2600, Chicago, IL 60606-1224
Preparer
Mallory Fairless
Phone
3128997000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G Other Fees

Professional Fees - Total Expense: 316222, Program Service Expense: 206576, Management and General Expenses: 109646, Fundraising Expenses: ;

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

The Network is a not-for-profit corporation and has been recognized by the Internal Revenue Service to be exempt from income taxes under 501(c)(3) of the Internal Revenue Code. GAAP prescribes recognition thresholds and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Tax benefits or liabilities will be recognized only if the tax position would "more-likely-than-not" be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized will be the largest amount of tax benefit or liability that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax benefit or liability will be recorded. Management has concluded that they are unaware of any tax benefits or liabilities to be recognized at December 31, 2022 and does not expect this to change in the next 12 months. The Network would recognize interest and penalties related to uncertain tax positions in interest and income tax expense, respectively. The Network does not have amounts accrued for interest or penalties as of December 31, 2022 and 2021.

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IRS990/Form990PartVIISectionAGrp/TitleTxt8ENGAGEMENT DIRECTOR & INTERIM EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXECUTIVE DIRECTOR 4/2022 through 8/2022
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IRS990/MissionDesc0THE GLOBAL COMPACT NETWORK USA IS A FORUM DESIGNED TO BRING US-BASED COMPANIES AND US-BASED UNITS OF FOREIGN COMPANIES THAT ARE SIGNATORIES TO THE UNITED NATIONS GLOBAL COMPACT TOGETHER WITH STAKEHOLDERS FROM THE PUBLIC SECTOR, CIVIL SOCIETY, LABOR, ACADEMIA, AND OTHER SPHERES IN ORDER TO ADVANCE THE PRINCIPLES OF THE UNITED NATIONS GLOBAL COMPACT.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Network is a not-for-profit corporation and has been recognized by the Internal Revenue Service to be exempt from income taxes under 501(c)(3) of the Internal Revenue Code. GAAP prescribes recognition thresholds and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Tax benefits or liabilities will be recognized only if the tax position would "more-likely-than-not" be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized will be the largest amount of tax benefit or liability that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax benefit or liability will be recorded. Management has concluded that they are unaware of any tax benefits or liabilities to be recognized at December 31, 2022 and does not expect this to change in the next 12 months. The Network would recognize interest and penalties related to uncertain tax positions in interest and income tax expense, respectively. The Network does not have amounts accrued for interest or penalties as of December 31, 2022 and 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt0ADAM GORDON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt1JACQUELINE GRACE
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