Global Compact Network Usa Inc
- Assets
- $2.9m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 3
- Location
- New York, NY
- Founding
- 01/2015
- Data as of
- 12/2021
- EIN
- 47-1590003
Organization Overview
Global Compact Network Usa Inc is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (Q20) the organization is classified as: Promotion of International Understanding, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Global Compact Network USA Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Compact Network 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 12/2021, Global Compact Network USA Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.7% each year . All expenses for the organization totaled $816.7k during the year ending 12/2021. While expenses have increased by 27.1% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
GLOBAL COMPACT NETWORK USA IS A FORUM TO BRING U.S. BASED SIGNATORY COMPANIES OF THE UNITED NATIONS GLOBAL COMPACT TOGETHER WITH STAKEHOLDERS TO ADVANCE THE TEN UNGC PRINCIPLES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GLOBAL COMPACT NETWORK USA ORGANIZED VIRTUAL EVENTS CONVENING CORPORATE SUSTAINABILITY LEADERS, CIVIL SOCIETY ORGANIZATIONS, AND UNITED NATIONS REPRESENTATIVES. THESE MULTI-STAKEHOLDER FORUMS PROMOTED AWARENESS AND THE SHARING OF BEST PRACTICES RELATED TO THE UN GLOBAL COMPACT'S TEN PRINCIPLES, THE UNITED NATIONS SUSTAINABLE DEVELOPMENT GOALS, AND TOPICS SUCH AS GENDER EQUALITY AND CLIMATE ACTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director (end July 2021) | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,852,934 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,852,934 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,852,934 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $207,125 |
| Pension plan accruals and contributions | $15,788 |
| Other employee benefits | $70,343 |
| Payroll taxes | $16,309 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $160,603 |
| Advertising and promotion | $42,840 |
| Office expenses | $53,315 |
| Information technology | $19,754 |
| Royalties | $0 |
| Occupancy | $15,131 |
| Travel | $10,829 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $145,361 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,771 |
| All other expenses | $0 |
| Total functional expenses | $816,719 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,819,707 |
| Savings and temporary cash investments | $2,098 |
| 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 | $49,552 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,871,357 |
| Accounts payable and accrued expenses | $13,017 |
| 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 | $854,595 |
| Total liabilities | $867,612 |
| Net assets without donor restrictions | $2,003,745 |
| Net assets with donor restrictions | $0 |
| 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 | $2,871,357 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Global Compact Network Usa Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asia Society New York, NY | $142,731,939 | $32,268,981 |
Alliance For Open Society International Inc New York, NY | $43,304,993 | $33,954,105 |
Harvard-Yenching Institute Cambridge, MA | $357,386,063 | $5,038,189 |
Idealistorg Inc New York, NY | $8,884,686 | $10,106,263 |
Middle East Forum Philadelphia, PA | $5,601,334 | $8,052,985 |
Americas Society Inc New York, NY | $65,186,397 | $5,307,206 |
China Institute In America Incorporated New York, NY | $39,618,019 | $6,570,371 |
American-Scandinavian Foundation New York, NY | $56,118,805 | $3,574,288 |
Peaceworks Network Foundation New York, NY | $9,232,893 | $2,717,484 |
Auschwitz Instut For The Prevention Of Genocide And Mass Atrocities New York, NY | $427,684 | $2,862,009 |
Korea Society New York, NY | $30,574,587 | $3,688,770 |
Netherland-America Foundation Incorporated New York, NY | $8,725,622 | $2,894,571 |