Glasswing International Usa Inc
- Assets
- $35.2m
- Revenue
- $25.6m
- Investments
- $33.0m
- Employees
- 13
- Location
- New York, NY
- Founding
- 04/2008
- Data as of
- 12/2022
- EIN
- 26-1456470
Organization Overview
Glasswing International Usa Inc is located in New York, NY. The organization was established in 2008. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 12/2022, Glasswing International USA Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glasswing International USA Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Glasswing International USA Inc generated $25.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 42.4% each year . All expenses for the organization totaled $17.3m during the year ending 12/2022. While expenses have increased by 36.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO GENERATE AWARENESS AND MOBILIZE RESOURCES IN THE US FOR CHARITABLE PURPOSES IN CENTRAL AMERICA. THESE RESOURCES FUND A VOLUNTEER CENTER IN SAN SALVADOR, WHICH PROVIDES HEALTH CARE, MENTORING, AND AFTER SCHOOL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING VOLUNTEER CENTERS IN CENTRAL AMERICA WHICH PROVIDE INFRASTRUCTURE, HEALTH CARE, MENTORING, AND AFTER SCHOOL PROGRAMS TO LOCAL EDUCATIONAL INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Griffin Director | Trustee | 1 | $0 |
Magdalena Serpa Director | Trustee | 1 | $0 |
Kenneth Baker CEO | OfficerTrustee | 10 | $49,020 |
Rodrigo Pineda Director | Trustee | 1 | $0 |
Orlando Muyshondt Director | Trustee | 1 | $0 |
Ricardo Sagrera Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $112,173 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,980,347 |
| Noncash contributions included in lines 1a–1f | $86,162 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,092,520 |
| Total Program Service Revenue | $0 |
| Investment income | $467,854 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $44,215 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,604,589 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $15,654,053 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $49,020 |
| Compensation of current officers, directors, key employees. | $31,863 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $756,387 |
| Pension plan accruals and contributions | $22,303 |
| Other employee benefits | $21,644 |
| Payroll taxes | $67,164 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,933 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,444 |
| Fees for services: Other | $225,947 |
| Advertising and promotion | $105,084 |
| Office expenses | $34,549 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $84,177 |
| Travel | $12,490 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,312 |
| Insurance | $13,313 |
| All other expenses | $24,766 |
| Total functional expenses | $17,250,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,100,957 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $61,003 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $32,984,087 |
| Investments—program-related | $0 |
| Intangible assets | $13,223 |
| Other assets | $0 |
| Total assets | $35,159,270 |
| Accounts payable and accrued expenses | $5,673 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,997,335 |
| Total liabilities | $18,003,008 |
| Net assets without donor restrictions | $11,268,870 |
| Net assets with donor restrictions | $5,887,392 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $35,159,270 |