Global Solidarity Fund
- Assets
- $4.7m
- Revenue
- $413.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 04/2019
- Data as of
- 12/2023
- EIN
- 83-1078006
Organization Overview
Global Solidarity Fund is located in Washington, DC. The organization was established in 2019. According to its NTEE Classification (Q42) the organization is classified as: United Nations Associations, 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 Solidarity Fund 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 12/2023, Global Solidarity Fund generated $413.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (23.5%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
A TRANSFORMED WORLD IN WHICH ALL PEOPLE FLOURISH, WITH ACCESS TO SOCIAL AND ECONOMIC OPPORTUNITY AND A HEALTHY LIFE, WITH THEIR ESSENTIAL HUMAN DIGNITY FULLY RESPECTED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GSF'S MAIN AREAS OF FOCUS WILL BE WOMEN AND GIRLS, FAMILIES, AND HEALTH CARE. WITHIN THIS FRAMEWORK THERE ARE FOUR STRATEGIC PILLARS OF WORK: -GLOBAL HEALTH, INCLUDING BUT NOT EXCLUSIVELY NONCOMMUNICABLE DISEASES -CAPACITY BUILDING -PEOPLE ON THE MOVE/DISPLACED PEOPLE, WITH A SPECIFIC FOCUS ON FAMILY AND CHILD PROTECTION -ENTREPRENEURSHIP/JOB CREATION, WITH EMPHASIS ON UNLOCKING ECONOMIC OPPORTUNITIES FOR WOMEN AND GIRLS (CONTINUED ON SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick W Mcgrory President And Director | OfficerTrustee | 40 | $86,170 |
Anthony R Tersigni Director | Trustee | 1 | $0 |
Susan M Huber Chair And Director | OfficerTrustee | 1 | $0 |
Joe Cerrell Director(thru 01/18/23) | Trustee | 1 | $0 |
Johannes Van DE Ven Director (thru 08/21/23) | Trustee | 1 | $0 |
Rebecca Marmot Director(thru 08/31/23) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
One Hundred Inc Fundraise/consulting | 12/30/23 | $412,639 |
Michael Page International Recruitment Service | 12/30/23 | $409,957 |
Global Impact Fiscal Agency | 12/30/23 | $267,217 |
Mckinsey Company Inc Consulting | 12/30/23 | $250,000 |
Paola Iappelli Consulting | 12/30/23 | $173,458 |
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 | $410,541 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $410,541 |
| 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 | $413,249 |
| 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 | $262,242 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $136,129 |
| Compensation of current officers, directors, key employees. | $53,688 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $846,718 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,802 |
| Fees for services: Accounting | $24,960 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $158,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,074,943 |
| Advertising and promotion | $3,263 |
| Office expenses | $7,053 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $114,788 |
| Travel | $97,160 |
| 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 | $0 |
| Insurance | $58,468 |
| All other expenses | $0 |
| Total functional expenses | $2,821,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,479,077 |
| Pledges and grants receivable | $77,072 |
| 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 | $27,743 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $75,324 |
| Total assets | $4,659,216 |
| Accounts payable and accrued expenses | $402,795 |
| 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 | $78,072 |
| Total liabilities | $480,867 |
| Net assets without donor restrictions | $332,409 |
| Net assets with donor restrictions | $3,845,940 |
| 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 | $4,659,216 |