Civic Intelligence

Globalworks Foundation

EIN 52-2341571 • 501(c)3 • Washington, DC

Profile

The mission is to improve the quality of life in poor communities around the world through projects addressing conditions related to globalization. Globalworks brings together ngo's and educational institutions, the business community, and social innovators to partner in civil society projects.

888 17th Street NW Suite 1200Washington, DC 20006

www.globalworksfoundation.org

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.92x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

96th percentile

1.53x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

10th percentile

-87%

Higher net margin than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

26th percentile

-27%

Faster asset growth than 26% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

26th percentile

-28%

Faster revenue growth than 26% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$392,919

Down $146,873 (-27%) from 2022

Liabilities

Up

$360,216

Up $58,634 (+19%) from 2022

Net Assets

Down

$32,703

Down $205,507 (-86%) from 2022

Revenue

Down

$235,100

Down $90,900 (-28%) from 2022

Expenses

Up

$440,607

Up $272,058 (+161%) from 2022

Net Income

Down

-$205,507

Down $362,958 (-231%) from 2022

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2010: $15,947Liabilities 2010: $0Net Assets 2010: $15,9472010Assets 2011: $27,131Liabilities 2011: $0Net Assets 2011: $27,1312011Assets 2012: $102,501Liabilities 2012: $182,690Net Assets 2012: -$80,1892012Assets 2013: $108,755Liabilities 2013: $218,931Net Assets 2013: -$110,1762013Assets 2014: $167,471Liabilities 2014: $252,595Net Assets 2014: -$85,1242014Assets 2015: $190,287Liabilities 2015: $258,982Net Assets 2015: -$68,6952015Assets 2016: $210,574Liabilities 2016: $263,692Net Assets 2016: -$53,1172016Assets 2017: $218,384Liabilities 2017: $230,457Net Assets 2017: -$12,0732017Assets 2018: $143,448Liabilities 2018: $238,217Net Assets 2018: -$94,7692018Assets 2019: $157,015Liabilities 2019: $313,934Net Assets 2019: -$156,9192019Assets 2021: $367,530Liabilities 2021: $286,771Net Assets 2021: $80,7592021Assets 2022: $539,792Liabilities 2022: $301,582Net Assets 2022: $238,2102022Assets 2023: $392,919Liabilities 2023: $360,216Net Assets 2023: $32,7032023

Highlighted filing

2023

Assets$392,919
Liabilities$360,216
Net Assets$32,703

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2010: $75,399Expenses 2010: $73,022Net Income 2010: $2,3772010Expenses 2011: $44,4962011Expenses 2012: $404,8442012Revenue 2013: $647,250Expenses 2013: $662,237Net Income 2013: -$14,9872013Revenue 2014: $505,614Expenses 2014: $480,421Net Income 2014: $25,1932014Revenue 2015: $275,177Expenses 2015: $258,748Net Income 2015: $16,4292015Revenue 2016: $270,589Expenses 2016: $255,011Net Income 2016: $15,5782016Revenue 2017: $496,111Expenses 2017: $455,066Net Income 2017: $41,0452017Revenue 2018: $243,000Expenses 2018: $325,696Net Income 2018: -$82,6962018Revenue 2019: $283,000Expenses 2019: $345,150Net Income 2019: -$62,1502019Revenue 2021: $245,500Expenses 2021: $176,568Net Income 2021: $68,9322021Revenue 2022: $326,000Expenses 2022: $168,549Net Income 2022: $157,4512022Revenue 2023: $235,100Expenses 2023: $440,607Net Income 2023: -$205,5072023

Highlighted filing

2023

Revenue$235,100
Expenses$440,607
Net Income-$205,507

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$3.93$3.60$0.33$2.35$4.41$2.06
2022Detailed filing. Detailed filing data is available for this year.$5.40$3.02$2.38$3.26$1.69$1.57
2021Detailed filing. Detailed filing data is available for this year.$3.68$2.87$0.81$2.46$1.77$0.69
2019Summary only. Only limited summary data is available for this year.$1.57$3.14$1.57$2.83$3.45$0.62
2018Summary only. Only limited summary data is available for this year.$1.43$2.38$0.95$2.43$3.26$0.83
2017Summary only. Only limited summary data is available for this year.$2.18$2.30$0.12$4.96$4.55$0.41
2016Summary only. Only limited summary data is available for this year.$2.11$2.64$0.53$2.71$2.55$0.16
2015Summary only. Only limited summary data is available for this year.$1.90$2.59$0.69$2.75$2.59$0.16
2014Detailed filing. Detailed filing data is available for this year.$1.67$2.53$0.85$5.06$4.80$0.25
2013Detailed filing. Detailed filing data is available for this year.$1.09$2.19$1.10$6.47$6.62$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.03$1.83$0.80$4.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$0.00$0.27$0.44
2010Summary only. Only limited summary data is available for this year.$0.16$0.00$0.16$0.75$0.73$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 23, 2024
Return Version
2023v5.0
Gross Receipts
$235,100
Mission and Program Overview

Mission

The mission is to improve the quality of life in poor communities around the world through projects addressing conditions related to globalization. Globalworks brings together ngo's and educational institutions, the business community, and social innovators to partner in civil society projects.

To improve the quality of life in poor communities around the world through projects addressing conditions related to globalization

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$333,706$261,919▼ $71,787
Accounts Receivable$206,086$131,000▼ $75,086
Savings and Temporary Cash Investments$0$0→ $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
Land, Buildings, and Equipment, Net$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
Total Assets$539,792$392,919▼ $146,873
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$290,221$282,271▼ $7,950
Accounts Payable and Accrued Expenses$11,361$77,945▲ $66,584
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$301,582$360,216▲ $58,634
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$238,210$32,703▼ $205,507
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$238,210$32,703▼ $205,507
Total Liabilities and Net Assets / Fund Balance$539,792$392,919▼ $146,873
Compensation and Service Providers

Board Members and Trustees

NameTitle
Claude FontheimChairman/director
D Holly HammondsDirector
Jim WallackDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$235,100
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$235,100
Change in Net Assets
$-205,507
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$358,272
Salaries, Compensation, and Employee Benefits$82,335
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$194,022--$194,022
All Other Expenses$122,653--$122,653
Other Salaries and Wages$73,995$0$0$73,995
Fees for Services Accounting$16,007$0$0$16,007
Fees for Services Legal$9,112$0$0$9,112
Other Expenses$7,900$0$0$7,900
Payroll Taxes$5,956$0$0$5,956
Pension Plan Contributions$2,384$0$0$2,384
Travel$610$0$0$610
Total Functional Expenses$440,607$0$0$440,607
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
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
Due to Globalworks Fund Ii$282,271
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
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Section A. Governing Body, Line 2

Claude fontheim and d holly hammonds have a business relationship through fontheim international, llc.

Part VI, Section A. Governing Body, Line 7A

The foundation's board members are elected by fontheim international, llc, the parent organization. Once elected, the board functions independently.

Part VI, Section B. Policies, Line 11A

Form 990 is reviewed by a majority of the board before it is filed.

Part VI, Section B. Policies, Line 12C

Conflicts of interest are discussed and monitored through regular board meetings.

Part VI, Section C. Disclosure, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available upon reasonable request.

Filing and Contact Details

Filer

Filer Name
Globalworks Foundation
EIN
52-2341571
In Care Of
% CLAUDE FONTHEIM
Phone
2022968100
Address
888 17th Street NW Suite 1200, Washington, DC 20006

Signing Officer

Name
Claude Fontheim
Title
officer
Phone
2022968160
Signed
2024-05-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Claude Fontheim
Formed
2001
Legal Domicile
Dc
Voting Board Members
0
Independent Board Members
0
Employees
0

Preparer

Firm
MN BLUM LLC - Maral Nakashian
Address
1395 PICCARD DRIVE SUITE 240, ROCKVILLE, MD 20850
Preparer
Maral Nakashian
Phone
3013373300
Supplemental Narrative

Additional Explanations

Form 990 Part IX Line 11G

Description:consultants total fees:194022

Form 990 Part IX Line 24 - Other Expenses

Description:insurance total expenses:3283 program services:3283 management and general:fundraising:

Form 990 Part IX Line 24 - Other Expenses

Description:licenses and permits total expenses:755 program services:755 management and general:fundraising:

Form 990 Part IX Line 24 - Other Expenses

Description:ali hosted events total expenses:78976 program services:78976 management and general:fundraising:

Form 990 Part IX Line 24 - Other Expenses

Description:bank fraud total expenses:18080 program services:18080 management and general:fundraising:

Form 990 Part IX Line 24 - Other Expenses

Description:postage and delivery total expenses:274 program services:274 management and general:fundraising:

Form 990 Part IX Line 24 - Other Expenses

Description:printing and reproduction total expenses:373 program services:373 management and general:fundraising:

Form 990 Part IX Line 24 - Other Expenses

Description:taxes-franchise total expenses:221 program services:221 management and general:fundraising:

Form 990 Part IX Line 24 - Other Expenses

Description:meals total expenses:691 program services:691 management and general:fundraising:

Form 990 Part IX Line 24 - Other Expenses

Description:w/off ar from google total expenses:20000 program services:20000 management and general:fundraising:

Raw XML AppendixShowing 400 of 483 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CLAUDE FONTHEIM AND D HOLLY HAMMONDS HAVE A BUSINESS RELATIONSHIP THROUGH FONTHEIM INTERNATIONAL, LLC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION'S BOARD MEMBERS ARE ELECTED BY FONTHEIM INTERNATIONAL, LLC, THE PARENT ORGANIZATION. ONCE ELECTED, THE BOARD FUNCTIONS INDEPENDENTLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED BY A MAJORITY OF THE BOARD BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONFLICTS OF INTEREST ARE DISCUSSED AND MONITORED THROUGH REGULAR BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REASONABLE REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION:CONSULTANTS TOTAL FEES:194022
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION:INSURANCE TOTAL EXPENSES:3283 PROGRAM SERVICES:3283 MANAGEMENT AND GENERAL:FUNDRAISING:
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DESCRIPTION:LICENSES AND PERMITS TOTAL EXPENSES:755 PROGRAM SERVICES:755 MANAGEMENT AND GENERAL:FUNDRAISING:
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DESCRIPTION:ALI HOSTED EVENTS TOTAL EXPENSES:78976 PROGRAM SERVICES:78976 MANAGEMENT AND GENERAL:FUNDRAISING:
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9DESCRIPTION:BANK FRAUD TOTAL EXPENSES:18080 PROGRAM SERVICES:18080 MANAGEMENT AND GENERAL:FUNDRAISING:
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10DESCRIPTION:POSTAGE AND DELIVERY TOTAL EXPENSES:274 PROGRAM SERVICES:274 MANAGEMENT AND GENERAL:FUNDRAISING:
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11DESCRIPTION:PRINTING AND REPRODUCTION TOTAL EXPENSES:373 PROGRAM SERVICES:373 MANAGEMENT AND GENERAL:FUNDRAISING:
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12DESCRIPTION:TAXES-FRANCHISE TOTAL EXPENSES:221 PROGRAM SERVICES:221 MANAGEMENT AND GENERAL:FUNDRAISING:
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13DESCRIPTION:MEALS TOTAL EXPENSES:691 PROGRAM SERVICES:691 MANAGEMENT AND GENERAL:FUNDRAISING:
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14DESCRIPTION:W/OFF AR FROM GOOGLE TOTAL EXPENSES:20000 PROGRAM SERVICES:20000 MANAGEMENT AND GENERAL:FUNDRAISING:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI, SECTION A. GOVERNING BODY, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI, SECTION A. GOVERNING BODY, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI, SECTION B. POLICIES, LINE 11A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART VI, SECTION B. POLICIES, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART VI, SECTION C. DISCLOSURE, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 PART IX LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14FORM 990 PART IX LINE 24 - OTHER EXPENSES
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt0888 17TH STREET NW 1200
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