Civic Intelligence

Global Cities Group

990 • Fiscal year 2022 • EIN 86-1603871

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

Organization ProfileGLOBALCITIESGROUP.COM

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38 East 37th Street Suite 70New York, NY 10016

(212) 377-7450

Siviq Scores

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

Liabilities / Assets

81st percentile

0.21x

Higher debt load relative to assets than 81% of similar nonprofits.

2022 filings • NTEE P20 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

83rd percentile

0.12x

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

2022 filings • NTEE P20 • <$500k nonprofits • Source year 2022

Net Margin

14th percentile

-31%

Higher net margin than 14% of similar nonprofits.

2022 filings • NTEE P20 • <$500k nonprofits • Source year 2022

Top Officer Pay

99th percentile

$131,337

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 63.8% of source-year revenue.

2022 filings • NTEE P20 • <$500k nonprofits • Source year 2022

Asset Growth

21st percentile

-27%

Faster asset growth than 21% of similar nonprofits.

2022 filings • NTEE P20 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

48th percentile

0.4%

Faster revenue growth than 48% of similar nonprofits.

2022 filings • NTEE P20 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets81st percentile

Assets

Down

$118,077

Down $43,506 (-27%) from 2021

Net Assets

Down

$93,829

Down $63,353 (-40%) from 2021

Liabilities

Up

$24,248

Up $19,847 (+451%) from 2021

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin14th percentile

Revenue

Up

$206,002

Up $896 (+0.4%) from 2021

Expenses

Up

$269,355

Up $221,431 (+462%) from 2021

Net Income

Down

-$63,353

Down $220,535 (-140%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$200K$150K$100K$50K$0-$50KAssets 2021: $161,583Liabilities 2021: $4,401Net Assets 2021: $157,1822021Assets 2022: $118,077Liabilities 2022: $24,248Net Assets 2022: $93,8292022Assets 2023: $12,921Liabilities 2023: $16,821Net Assets 2023: -$3,9002023Assets 2024: $122,268Liabilities 2024: $22,310Net Assets 2024: $99,9582024

Highlighted filing

2022

Assets$118,077
Liabilities$24,248
Net Assets$93,829
Open 2022 Filing

Operations Trend

Revenue Growth48th percentile

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

$400K$200K$0-$200KRevenue 2021: $205,106Expenses 2021: $47,924Net Income 2021: $157,1822021Revenue 2022: $206,002Expenses 2022: $269,355Net Income 2022: -$63,3532022Revenue 2023: $162,248Expenses 2023: $259,977Net Income 2023: -$97,7292023Revenue 2024: $309,637Expenses 2024: $205,779Net Income 2024: $103,8582024

Highlighted filing

2022

Revenue$206,002
Expenses$269,355
Net Income-$63,353
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$206,002
Mission and Program Overview

Mission

The organization seeks to develop networks of thoughtful activist christians in the key industries, institutions, and cities that shape our culture.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$125,006$59,517▼ $65,489
Cash and Non-Interest-Bearing Accounts$36,221$57,777▲ $21,556
Accounts Receivable-$783-
Receivables From Officers Etc$356--
Total Assets$161,583$118,077▼ $43,506
Liabilities
Accounts Payable and Accrued Expenses$4,401$24,248▲ $19,847
Total Liabilities$4,401$24,248▲ $19,847
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$157,182$91,613▼ $65,569
Net Assets With Donor Restrictions-$2,216-
Total Net Assets Fund Balance$157,182$93,829▼ $63,353
Total Liabilities and Net Assets / Fund Balance$161,583$118,077▼ $43,506
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Scott CrosbyCEO Founder Board DirectoFT$130,649$688$131,337

Board Members and Trustees

NameTitle
Justin EarleyBoard Director
Phyllis CrosbySecretary Treasurer Board
Revenue and Support

Revenue Composition

Contributions and Grants
$205,991
Program Service Revenue
$0
Investment Income
$11
Other Revenue
$0
All Other Contributions
$205,991
Change in Net Assets
$-63,353
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$143,643
Other Expenses$94,736
Total Fundraising Expense$46,601
Professional Fundraising Fees$30,976
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$104,519$13,065$13,065$130,649
Fees for Services Professional Fundraising--$30,976$30,976
Fees for Services Management-$30,176-$30,176
Travel$18,113--$18,113
Payroll Taxes$9,405$1,176$1,176$11,757
All Other Expenses$4,919$1,016$111$6,046
Information Technology-$2,753$293$3,046
Fees for Services Accounting-$1,680$300$1,980
Office Expenses-$1,497$481$1,978
Fees for Services Other$1,000-$75$1,075
Other Expenses$1,266$979-$979
Pension Plan Contributions$550$69$69$688
Fees for Services Legal-$675-$675
Other Employee Benefits$439$55$55$549
Advertising-$346-$346
Total Functional Expenses$169,242$53,512$46,601$269,355
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$30,976
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
Receivables from Officers, Directors, Trustees, and Key Employees$356--
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
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

Officer directors etc family relationship Part VI line 2

“Scott crosby, the ceo, the founder and the board director, is married to phyllis crosby, the treasurer, the secretary and the board director of the organization.justin earley, the board director, provided legal services to the organization, including filing the incorporation documents.”

Form 990 governing body review Part VI line 11

“Scott crosby, the ceo, will review the prepared form 990 before it is filed with the irs. The complete copy of the organizations final form 990 (including all required schedules), as ultimately filed with the irs, was provided to each person who was a voting member of the governing body at the time the form 990 was provided in electronic form, before its filing with the irs.”

Conflict of interest policy compliance Part VI line 12C

“A director, officer, or key person must disclose to the best of their knowledge all potential conflicts of interest as soon as they become aware of them & before any actions involving the potential conflict are taken. They must submit a signed, written statement disclosing all the material facts to the audit committee & file an annual disclosure statement. If the individual is a director, they must file this statement prior to their initial election and submit the form to the chair of the audit committee. When a complaint comes before the board, the board may seek information from the director, officer or key person with the conflict prior to beginning deliberation and reaching a decision on the matters.a conflicted person shall not be present during the discussion or vote on the matters.”

Governing documents etc available to public Part VI line 19

“The documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Global Cities Group
EIN
86-1603871
Address
38 EAST 37TH STREET SUITE 70, NEW YORK, NY 10016

Signing Officer

Name
Scott Crosby
Title
CEO Founder
Phone
2123777450
Signed
2023-11-15
Discuss with paid preparer
No

Organization Details

Principal Officer
Scott Crosby
Formed
2021
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
2
Employees
1

Preparer

Firm
Dominic Wong CPA Mba
Address
14034 FRANKLIN AVENUE, FLUSHING, NY 11355-2626
Preparer
Dominic W Wong CPA
Phone
6468011829
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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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IRS990/Desc0Our mission is to develop networks of thoughtful, active Christians in the key industries and institutions that shape our culture. Our programs build industry networks of Christians in these industries as well as create institutional engagement to build sustainability and plausibility for our change efforts. We work with thought leaders, commission research and writing, field grass-roots workers for causes and initiatives that support our goals, and build cross-institutional networks.We have hosted several network events in New York City to both market our efforts toward our constituency and draw them into the network program. From these events we identified network leaders and began to equip them to establish networks in finance, fashion and technology, each with commensurate projects defined. Much work has been done to further establish a communications, marketing and website infrastructure to better facilitate the growing involvement of potential network leaders and participants. In December 2022 Global Cities Group met with a dozen people in London, UK to explore the possibility of initiating 1-2 networks in that city. The initial target industries in London are finance and technology.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SCOTT CROSBY, THE CEO, THE FOUNDER AND THE BOARD DIRECTOR, IS MARRIED TO PHYLLIS CROSBY, THE TREASURER, THE SECRETARY AND THE BOARD DIRECTOR OF THE ORGANIZATION.JUSTIN EARLEY, THE BOARD DIRECTOR, PROVIDED LEGAL SERVICES TO THE ORGANIZATION, INCLUDING FILING THE INCORPORATION DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SCOTT CROSBY, THE CEO, WILL REVIEW THE PREPARED FORM 990 BEFORE IT IS FILED WITH THE IRS. THE COMPLETE COPY OF THE ORGANIZATIONS FINAL FORM 990 (INCLUDING ALL REQUIRED SCHEDULES), AS ULTIMATELY FILED WITH THE IRS, WAS PROVIDED TO EACH PERSON WHO WAS A VOTING MEMBER OF THE GOVERNING BODY AT THE TIME THE FORM 990 WAS PROVIDED IN ELECTRONIC FORM, BEFORE ITS FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DIRECTOR, OFFICER, OR KEY PERSON MUST DISCLOSE TO THE BEST OF THEIR KNOWLEDGE ALL POTENTIAL CONFLICTS OF INTEREST AS SOON AS THEY BECOME AWARE OF THEM & BEFORE ANY ACTIONS INVOLVING THE POTENTIAL CONFLICT ARE TAKEN. THEY MUST SUBMIT A SIGNED, WRITTEN STATEMENT DISCLOSING ALL THE MATERIAL FACTS TO THE AUDIT COMMITTEE & FILE AN ANNUAL DISCLOSURE STATEMENT. IF THE INDIVIDUAL IS A DIRECTOR, THEY MUST FILE THIS STATEMENT PRIOR TO THEIR INITIAL ELECTION AND SUBMIT THE FORM TO THE CHAIR OF THE AUDIT COMMITTEE. WHEN A COMPLAINT COMES BEFORE THE BOARD, THE BOARD MAY SEEK INFORMATION FROM THE DIRECTOR, OFFICER OR KEY PERSON WITH THE CONFLICT PRIOR TO BEGINNING DELIBERATION AND REACHING A DECISION ON THE MATTERS.A CONFLICTED PERSON SHALL NOT BE PRESENT DURING THE DISCUSSION OR VOTE ON THE MATTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DOMINIC W WONG CPA
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ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$118,077
Liabilities
$24,248
Net assets
$93,829
Revenue
$206,002
Expenses
$269,355
Net income
-$63,353
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$0.22$1.00$3.10$2.06$1.04
2023Detailed filing. Detailed filing data is available for this year.$0.13$0.17$0.04$1.62$2.60$0.98
2022Detailed filing. Detailed filing data is available for this year.$1.18$0.24$0.94$2.06$2.69$0.63
2021Detailed filing. Detailed filing data is available for this year.$1.62$0.04$1.57$2.05$0.48$1.57