Civic Intelligence

Institute for Global Affairs Inc.

990 • Fiscal year 2023 • EIN 81-1614189

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

2 E 28th St Suite 429New York, NY 10016

(202) 765-3177

Siviq Scores

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

Liabilities / Assets

74th percentile

0.12x

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

2023 filings • NTEE Q • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

66th percentile

0.07x

Higher debt load relative to revenue than 66% of similar nonprofits.

2023 filings • NTEE Q • $1M-$5M nonprofits • Source year 2023

Net Margin

23rd percentile

-8.1%

Higher net margin than 23% of similar nonprofits.

2023 filings • NTEE Q • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

96th percentile

$275,149

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 21.6% of source-year revenue.

2023 filings • NTEE Q • $1M-$5M nonprofits • Source year 2023

Asset Growth

25th percentile

-8.3%

Faster asset growth than 25% of similar nonprofits.

2023 filings • NTEE Q • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

37th percentile

-3.0%

Faster revenue growth than 37% of similar nonprofits.

2023 filings • NTEE Q • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$712,185

Down $64,524 (-8.3%) from 2022

Net Assets

Down

$627,001

Down $103,699 (-14%) from 2022

Liabilities

Up

$85,184

Up $39,175 (+85%) from 2022

Revenue

Down

$1,275,394

Down $40,111 (-3.0%) from 2022

Expenses

Up

$1,379,093

Up $129,770 (+10%) from 2022

Net Income

Down

-$103,699

Down $169,881 (-257%) from 2022

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 2016: $201,598Liabilities 2016: $37,703Net Assets 2016: $163,8952016Assets 2017: $1,522,939Liabilities 2017: $48,407Net Assets 2017: $1,474,5322017Assets 2018: $1,083,759Liabilities 2018: $22,051Net Assets 2018: $1,061,7082018Assets 2019: $824,403Liabilities 2019: $5,121Net Assets 2019: $819,2822019Assets 2020: $603,745Liabilities 2020: $30,637Net Assets 2020: $573,1082020Assets 2021: $704,541Liabilities 2021: $40,023Net Assets 2021: $664,5182021Assets 2022: $776,709Liabilities 2022: $46,009Net Assets 2022: $730,7002022Assets 2023: $712,185Liabilities 2023: $85,184Net Assets 2023: $627,0012023Assets 2024: $679,725Liabilities 2024: $68,687Net Assets 2024: $611,0382024

Highlighted filing

2023

Assets$712,185
Liabilities$85,184
Net Assets$627,001

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2016: $350,000Expenses 2016: $186,105Net Income 2016: $163,8952016Revenue 2017: $1,647,557Expenses 2017: $336,920Net Income 2017: $1,310,6372017Revenue 2018: $359,526Expenses 2018: $772,350Net Income 2018: -$412,8242018Revenue 2019: $495,553Expenses 2019: $737,979Net Income 2019: -$242,4262019Revenue 2020: $575,230Expenses 2020: $821,404Net Income 2020: -$246,1742020Revenue 2021: $1,068,150Expenses 2021: $976,740Net Income 2021: $91,4102021Revenue 2022: $1,315,505Expenses 2022: $1,249,323Net Income 2022: $66,1822022Revenue 2023: $1,275,394Expenses 2023: $1,379,093Net Income 2023: -$103,6992023Revenue 2024: $1,161,293Expenses 2024: $1,177,256Net Income 2024: -$15,9632024

Highlighted filing

2023

Revenue$1,275,394
Expenses$1,379,093
Net Income-$103,699
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$1,275,394
Mission and Program Overview

Mission

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$602,822$583,438▼ $19,384
Cash and Non-Interest-Bearing Accounts$96,751$121,910▲ $25,159
Pledges and Grants Receivable$70,991$0▼ $70,991
Prepaid Expenses and Deferred Charges$6,145$6,837▲ $692
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$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
Total Assets$776,709$712,185▼ $64,524
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$46,009$85,184▲ $39,175
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$46,009$85,184▲ $39,175
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$530,700$512,001▼ $18,699
Net Assets With Donor Restrictions$200,000$115,000▼ $85,000
Total Net Assets Fund Balance$730,700$627,001▼ $103,699
Total Liabilities and Net Assets / Fund Balance$776,709$712,185▼ $64,524
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark HannahSenior Fellow, Interim EDFT$246,078$29,071$275,149
Allyn SummaExecutive DirectorFT$175,000$17,736$192,736

Board Members and Trustees

NameTitle
Zachary KarabellBoard Chair
Ian BremmerBoard President
Betty LiuDirector
Gregory BoyleDirector
Joe SchoendorfDirector
Lucas WittmannDirector
Maziar MinoviDirector
Niko PfundDirector
Richard LorenzenDirector
Sallie KrawcheckDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,270,511
Program Service Revenue
$0
Investment Income
$2,684
Other Revenue
$2,199
All Other Contributions
$1,270,511
Change in Net Assets
$-103,699

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,275,394
Total Revenue per Audited Statements
$1,275,394
Total Revenue per Form 990
$1,275,394
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$891,480
Other Expenses$487,613
Total Fundraising Expense$6,198
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$429,132$153,063$4,775$586,970
Fees for Services Other$174,274$72,171$0$246,445
Current Officers, Directors, Trustees, and Key Employees$136,770$54,543$1,423$192,736
Fees for Services Accounting-$80,168-$80,168
Payroll Taxes$32,672$20,389-$53,061
Other Employee Benefits$20,816$21,004-$41,820
Travel$27,158$11,641-$38,799
Office Expenses$16,173$9,727-$25,900
Pension Plan Contributions$8,408$8,485-$16,893
Conferences and Meetings$14,860$71-$14,931
Information Technology$2,823$11,807-$14,630
Advertising$7,252--$7,252
Insurance-$5,636-$5,636
Other Expenses$207$3,590$0$3,797
Total Functional Expenses$900,690$472,205$6,198$1,379,093

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,379,093
Total Expenses per Audited Statements$1,379,093
Total Expenses per Form 990$1,379,093
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
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
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
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 B, Line 11B

The Executive Director provides information necessary to prepare the return to the organization's tax preparer. Once the return is prepared, the Executive Director reviews a draft tax return along with other internal stakeholders of the organization. Any necessary changes from this review are then processed by the organization's tax preparer, the return is signed by the President, and filed with the IRS.

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

IGA has adopted a conflict of interest policy, the policy was adopted by the Board of Directors on February 8, 2016 and duly signed by secretary's certificate on March 5, 2016.

Form 990, Part VI, Section B, Line 15A

The board maintainS oversight of and approves the compensation of the Exectuive Director, which is evaluated by performing a compensation study and reviewing other organziations' 990s. Upon approval of the Executive Director's compensation, an employment contract is executed with that individual.

Form 990, Part VI, Section C, Line 19

These documents are available upon request by contacting the organization by mail, telephone or email.

Filing and Contact Details

Filer

Filer Name
Institute for Global Affairs Inc
EIN
81-1614189
In Care Of
% MARK HANNAH
Phone
2027653177
Address
2 E 28th St Suite 429, New York, NY 10016

Signing Officer

Name
Ian Bremmer
Title
President
Phone
2027653177
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Hannah
Formed
2016
Legal Domicile
De
Voting Board Members
10
Independent Board Members
9
Employees
7
Volunteers
10

Preparer

Firm
Withumsmithbrownpc
Address
4600 EAST WEST HWY 900, BETHESDA, MD 20814-3423
Preparer
Richard Ruvelson
Phone
3012726000
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

Institute for Global Affairs (IGA) is a nonpartisan, nonprofit organization that works to increase awareness and understanding of geopolitics and global affairs, particularly among young people and marginalized and underrepresented groups, in the United States and globally.

Form 990, Part III, Line 1

Foreign policy appears complicated and distant from our everyday lives. It can be a challenge to find trustworthy information to approach challenges with the same facts. IGA is a nonpartisan, nonprofit organization that works to connect people to the geopolitical issues shaping their world. IGA makes seemingly complex international issues accessible through jargon-free, approachable content and accessible education materials. 1. Drive awareness by elevating geopolitics and global affairs as relevant, essential, and accessible to individuals, organizations, and communities everywhere. 2. Increasing understanding and expand knowledge of geopolitics and global affairs among the public, particularly young people and historically marginalized and underrepresented groups. 3. Supporting action and enabling people everywhere to bring an understanding of geopolitics and global affairs into their daily lives and decision-making.

Form 990, Part III, Line 4A

IGA connects people across the world to the geopolitical issues that impact their lives through research, outreach, and education. In 2023 IGA worked on four main projects: 1. Research. IGA conducts high-quality, objective research which both increases the public's understanding of international politics and informs policy makers. Independent America is a multi-year research project that explores how US foreign policy could be tailored better to new global realities and to the preferences of American voters and perceptions of citizens across the globe of American-style democracy. In 2023 we released two substantial surveys which were received with a lot of interest and have been widely cited in media. 2. Outreach. IGA works to increase public interest in and awareness of global affairs. We amplify diverse perspectives and the voices of thinkers traditionally underrepresented in international affairs to nurture a more inclusive and open community of foreign policy experts in the United States and around the globe. Through extensive media engagement, engaging videos, publications, articles, editorials, social media engagement, and our very own podcast, organization is making relevant issues accessible and understandable. 3. Education. IGA creates opportunities for people, particularly underserved youth, to access quality, easy-to-use learning materials and curricula on global affairs for use in the classroom and on the go. In the past year we developed and launched series of free micro-lessons that can be easily accessed and consumed to help users quickly get up to speed on the foreign policy and national security issues. 4. IGA is continuing its efforts to explore the impact of the digital revolution (and AI in particular) on our civic life and the ways we live, work, and communicate. This analysis and exploration are seeking to understand both incredible potential of technologies to help billions of people live happier, healthier, and more productive lives and also the newly created challenges for citizens and governments around the world.

Form 990 Part IX Line 11G

Description:video production total fees:146141

Form 990 Part IX Line 11G

Description:branding & website development total fees:39646

Form 990 Part IX Line 11G

Description:consulting services total fees:60658

Financial Statement Notes

Part X, Line 2:

IGA is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code (the "Code"). In addition, IGA has been determined by the Internal Revenue Service ("IRS") not to be a private foundation within the meaning of Section 509(a) of the Code. IGA is subject to income taxes on revenue generated from other sources unrelated to its exempt purpose. Due to its tax-exempt status, IGA is not subject to income taxes and does not have any unrelated business income for the years ended December 31, 2023 and 2022. IGA is required to file, and does file, tax returns with the IRS and other taxing authorities.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0Senior Fellow, Interim ED
IRS990/Form990PartVIISectionAGrp/TitleTxt1Executive Director
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