Global Federation Of Competitiveness Councils
- Assets
- $519.0k
- Revenue
- $551.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 05/2015
- Data as of
- 12/2021
- EIN
- 36-4666753
Organization Overview
Global Federation Of Competitiveness Councils is located in Washington, DC. The organization was established in 2015. According to its NTEE Classification (Q05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Federation Of Competitiveness Councils 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 12/2021, Global Federation Of Competitiveness Councils generated $551.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $427.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MEET THE CHALLENGES OF CHANGES IN THE GLOBAL ECONOMIC LANDSCAPE; TO IDENTIFY AND SUPPORT POLICIES AND PROGRAMS TO STIMULATE ECONOMIC GROWTH, FOSTER INNOVATION AND STRENGTHEN NATIONAL COMPETITIVENESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POLICIES AND PROGRAMS TO STIMULATE ECONOMIC GROWTH, FOSTER INNOVATION, AND STRENGTHEN NATIONAL COMPETITIVENESS. IN 2021, THE GFCC UNIVERSITY AND RESEARCH LEADERSHIP FORUM CONTINUED THE WORK OF TWO TASK FORCES STARTED IN THE PREVIOUS YEARS:"OPTIMIZING INNOVATION ALLIANCES (CO-CHAIRED BY THE UNIVERSITY OF ZRICH AND QATAR UNIVERSITY): IDENTIFIED 52 TYPES OF TOOLS TO ENGAGE IN INNOVATION, REVIEWED MORE THAN 400 UNIVERSITY PROGRAMS, DEVELOPED AN UNDERSTANDING ON HOW THE TOOLKITS THAT UNIVERSITIES HAVE TO ENGAGE IN INNOVATION ARE EVOLVING FROM "CLASSIC" TO "CUTTING-EDGE" SOLUTIONS AND IDENTIFIED 7 KEY TRENDS."LEVERAGING EXTREME INNOVATION (CO-CHAIRED BY KING'S COLLEGE LONDON AND ARIZONA STATE UNIVERSITY): REVIEWED 17 TRANSFORMATIONAL, MOONSHOT TECHNOLOGY PROJECTS, THEIR ECONOMIC IMPACTS AND SUGGESTED 5 KEY STRATEGIES FOR UNIVERSITIES TO BETTER ENGAGE IN THAT TYPE ENDEAVOR).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roberto Dos Reis Alvarez Executive Director/secreta | Officer | 40 | $64,919 |
Deborah L Wince-Smith President | Officer | 2 | $0 |
Charles C Evans Treasurer | Officer | 3 | $0 |
Omar Al-Ansari Trustee | Trustee | 1 | $0 |
Isabel Gil Trustee | Trustee | 1 | $0 |
Robson Braga DE Andrade Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aventures Consultant | 12/30/20 | $211,240 |
Arizona State University Consultant | 12/30/20 | $158,982 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $512,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $551,300 |
| Total Program Service Revenue | $0 |
| Investment income | $101 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $551,401 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $64,919 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $141,000 |
| Fees for services: Legal | $357 |
| Fees for services: Accounting | $8,510 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $143,879 |
| Advertising and promotion | $0 |
| Office expenses | $5,822 |
| Information technology | $12,020 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,016 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,828 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $744 |
| Insurance | $1,395 |
| All other expenses | $0 |
| Total functional expenses | $427,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $410,585 |
| Savings and temporary cash investments | $40,248 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,800 |
| 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 | $8,456 |
| Net Land, buildings, and equipment | $867 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $518,956 |
| Accounts payable and accrued expenses | $125,788 |
| 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 | $0 |
| Total liabilities | $125,788 |
| Net assets without donor restrictions | $359,368 |
| Net assets with donor restrictions | $33,800 |
| 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 | $518,956 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Livestock Research Institute Alexandria, VA | $103,836,000 | $97,042,000 |
Atlantic Council Of The U S Inc Washington, DC | $90,177,983 | $43,123,597 |
German Marshall Fund Of The Us Washington, DC | $208,998,480 | $26,233,944 |
Washington Institute For Near East Policy Washington, DC | $78,463,635 | $24,631,416 |
Henry L Stimson Center Washington, DC | $7,355,197 | $13,547,018 |
International Center For Research On Women Washington, DC | $9,729,169 | $9,479,152 |
Federation For American Immigration Reform Washington, DC | $30,645,621 | $7,177,636 |
Institute Of World Politics Washington, DC | $18,856,651 | $9,210,460 |
Middle East Institute Washington, DC | $35,038,211 | $7,193,589 |
Manufacturing Institute Washington, DC | $12,149,684 | $11,688,291 |
Institute For Policy Studies Washington, DC | $13,331,441 | $7,298,646 |
Center For International Environmental Law Inc Washington, DC | $9,410,805 | $10,375,096 |