Gari Group Inc.

990EZ • Fiscal year 2021 • EIN 83-1544984

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 01, 2022

Organization Profile garigroup.com

4 East 89th Street Apt 7C/DNew York, NY 10128

(646) 678-8777

Siviq Scores

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

0.00x

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

2021 filings • NTEE C • <$500k nonprofits • Source year 2021

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2021

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2021

Higher top officer pay than 81% of similar nonprofits.

2021 filings • NTEE C • <$500k nonprofits • Source year 2021

-6.6%

Faster asset growth than 25% of similar nonprofits.

2021 filings • NTEE C • <$500k nonprofits • Annualized from 2020 to 2021

-100%

Faster revenue growth than 1% of similar nonprofits.

2021 filings • NTEE C • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet

Liabilities / Assets53rd percentile

Assets

Down

$186,766

Down $13,234 (-6.6%) from 2020

Net Assets

Down

$186,766

Down $13,234 (-6.6%) from 2020

Liabilities

Flat

Flat from 2020

Revenue And Expenses

Liabilities / RevenueScore unavailable Net MarginScore unavailable

Revenue

Down

Down $75,000 (-100%) from 2020

Expenses

$13,234

Up $13,234 from 2020

Net Income

Down

-$13,234

Down $88,234 (-118%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

Highlighted filing

2021

Assets$186,766

Liabilities$0

Net Assets$186,766

Open 2021 Filing

Operations Trend

Revenue Growth1st percentile

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

Highlighted filing

2021

Revenue$0

Expenses$13,234

Net Income-$13,234

Open 2021 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2021 to Dec 31, 2021
Signed: Nov 1, 2022
Return Version: 2021v4.0
Gross Receipts: $0

Mission and Program Overview

Mission

GARI Group, Inc. (the "Corporation"), also known as the Global Adaptation & Resilience Investment (GARI) Working Group, was formed to bring together public and private stakeholders and to stimulate discourse among these stakeholders and public awareness generally on issues relating to investment in climate adaptation and resilience. The Corporation brings together interested investors, climate experts, and other stakeholders to discuss methods and activities relating to promoting and facilitating investment in climate adaptation and resilience and to educate stakeholders and the broader public on developments and best practices in this field. The Corporation may assess membership dues, provided that members of the public may become members upon payment of such membership dues. In such case, the membership dues will be established by the Board of Directors and will be designed to cover the costs of operations.

Program Services

Description	Grants	Expenses
Held 2 general working group meetings (January and September) which are open discussions to convene public and private stakeholders around topics relating to climate adaptation investment and financing. GARI also hosted or co-hosted 3 educational convenings on Earth Day (FASTR in April 2021, virtual), during London Climate Action Week (FASTR in June 2021, virtual) and during COP26 (5th Annual Private Sector Climate Resilience and Adaptation Investment Side Event, in-person in Glasgow, UK).	$0	$0

Compensation and Service Providers

Top Officer Pay81st percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
Jay Koh	Director / President	-	$0	-	-
Sanjay Wagle	Director / Treasurer	-	$0	-	-
Ernest Chung	Secretary	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Gari Group Inc
EIN: 83-1544984
Phone: 6466788777
Address: 4 East 89th Street Apt 7C/D, New York, NY 10128

Signing Officer

Name: Jay Koh
Title: President
Phone: 6466788777
Signed: 2022-11-01

Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Description;Amount^Travel and Transportation;664|Communications Zoom;199|Non profit Filing Fees;38^Total;901^”

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IRS990EZ/PrimaryExemptPurposeTxt	0	GARI Group, Inc. (the "Corporation"), also known as the Global Adaptation & Resilience Investment (GARI) Working Group, was formed to bring together public and private stakeholders and to stimulate discourse among these stakeholders and public awareness generally on issues relating to investment in climate adaptation and resilience. The Corporation brings together interested investors, climate experts, and other stakeholders to discuss methods and activities relating to promoting and facilitating investment in climate adaptation and resilience and to educate stakeholders and the broader public on developments and best practices in this field. The Corporation may assess membership dues, provided that members of the public may become members upon payment of such membership dues. In such case, the membership dues will be established by the Board of Directors and will be designed to cover the costs of operations.
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ReasonableCauseExplanation/ExplanationTxt	0	The organization lacked sufficient volunteer capacity to file its Form 990 on time for the 2021 financial year, and also lacked sufficient volunteer capacity to request an extension to file. The organization also had to operate virtually and under challenging conditions due to the ongoing global COVID-19 pandemic. Though it was unable to file its Form 990 for the 2021 financial year by the deadline, the volunteer team had maintained detailed financial books and records of the organization's receipts and payments during the 2021 financial year, which enabled it to prepare its late Form 990 accurately. Going forward, the organization is assessing the option of engaging a third-party tax preparer to support its annual IRS filings to ensure that there is adequate expertise and capacity to file its Form 990 on time in the future.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $186,766
Liabilities: $0
Net assets: $186,766
Revenue: $0
Expenses: $13,234
Net income: -$13,234

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$0.60	$0.01	$0.59	$1.36	$4.62	$3.25
2023Detailed filing. Detailed filing data is available for this year.	$3.85	$0.00	$3.85	$2.50	$1.08	$1.42
2022Detailed filing. Detailed filing data is available for this year.	$2.43	$0.00	$2.43	$1.25	$0.69	$0.56
2021Detailed filing. Detailed filing data is available for this year.	$1.87	$0.00	$1.87	$0.00	$0.13	$0.13
2020Detailed filing. Detailed filing data is available for this year.	$2.00	$0.00	$2.00	$0.75	$0.00	$0.75
2019Detailed filing. Detailed filing data is available for this year.	$1.25	$0.00	$1.25	$1.25	$0.00	$1.25