Civic Intelligence

Global 2050 Inc

EIN 93-1842421 • 501(c)3 • Old Lyme, CT

Profile

Provide free access to informative and educational content to diverse populations concerning solutions for building a low-carbon and sustainable economy, with the goal of motivating creative and entrepreneurial individuals to take action for the benefit of the planet.

35 Smiths Neck RoadOld Lyme, CT 06371-2619

greencentralbanking.com

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.00x

Higher debt load relative to assets than 62% of similar nonprofits.

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

Liabilities / Revenue

63rd percentile

0.00x

Higher debt load relative to revenue than 63% of similar nonprofits.

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

Net Margin

95th percentile

74%

Higher net margin than 95% of similar nonprofits.

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

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Balance Sheet
Liabilities / Assets62nd percentile

Assets

$224,645

No earlier filing loaded for comparison.

Liabilities

$266

No earlier filing loaded for comparison.

Net Assets

$224,379

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue63rd percentileNet Margin95th percentile

Revenue

$303,256

No earlier filing loaded for comparison.

Expenses

$78,877

No earlier filing loaded for comparison.

Net Income

$224,379

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$300K$200K$100K$0Assets 2023: $224,645Liabilities 2023: $266Net Assets 2023: $224,3792023

Highlighted filing

2023

Assets$224,645
Liabilities$266
Net Assets$224,379
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$400K$300K$200K$100K$0Revenue 2023: $303,256Expenses 2023: $78,877Net Income 2023: $224,3792023

Highlighted filing

2023

Revenue$303,256
Expenses$78,877
Net Income$224,379
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$224,645
Liabilities
$266
Net assets
$224,379
Revenue
$303,256
Expenses
$78,877
Net income
$224,379
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$2.25$0.00$2.24$3.03$0.79$2.24
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 15, 2024
Return Version
2023v5.1
Gross Receipts
$303,256
Mission and Program Overview

Mission

Provide free access to informative and educational content to diverse populations concerning solutions for building a low-carbon and sustainable economy, with the goal of motivating creative and entrepreneurial individuals to take action for the benefit of the planet.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$0$224,379▲ $224,379
Savings and Temporary Cash Investments-$218,175-
Cash and Non-Interest-Bearing Accounts-$6,470-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$0$224,645▲ $224,645
Liabilities
Other Liabilities$0$266▲ $266
Total Liabilities$0$266▲ $266
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$224,379▲ $224,379
Total Liabilities and Net Assets / Fund Balance$0$224,645▲ $224,645
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Peter MckillopChairman
Barclay PalmerDirector
Blair PaleseDirector
Kari HussTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$300,000
Program Service Revenue
$0
Investment Income
$3,256
Other Revenue
$0
All Other Contributions
$300,000
Change in Net Assets
$224,379
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$78,877
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$59,577--$59,577
Information Technology$10,000--$10,000
Travel$6,052--$6,052
Office Expenses$1,376--$1,376
Fees for Services Accounting-$900-$900
Insurance$485--$485
Advertising$359--$359
Conferences and Meetings$128--$128
Total Functional Expenses$77,977$900$0$78,877
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Cards Payable$266
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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, Section B, Line 11B

“A draft copy of form 990 is prepared tax professionals, and provided to the chairman. The chairman provides the form 990 to the governing body for review, and notifies the tax professionals of any changes. The chairman notifies the tax professionals when the 990 may be finalized.”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Global 2050 Inc
EIN
93-1842421
Phone
6467570346
Address
35 SMITHS NECK ROAD, OLD LYME, CT 06371-2619

Signing Officer

Name
Peter Mckillop
Title
Chairman
Phone
6467570346
Signed
2024-08-15
Discuss with paid preparer
Yes

Organization Details

Formed
2023
Legal Domicile
Ct
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Morgan Wingate Pc
Address
7501 WISCONSIN AVENUE STE 600E, BETHESDA, MD 20814
Preparer
Merritt L Wingate CPA
Phone
3017186100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other contract and professional fees: program service expenses 59,577. Management and general expenses 0. Fundraising expenses 0. Total expenses 59,577.”

Raw XML Appendix292 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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ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.