Global Interdependence Center EIN 23-2138619 Form 990 (PDF) Claim this org

Global Interdependence Center

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Convenes global experts to discuss economic policies and their impact on world economies and quality of life. For fiscal year 2024 it reported $472K in revenue, $536K in expenses, and $257K in net assets.Pt I

Type
Public charity (501(c)(3)) · International
Location
Philadelphia, PA
Website
www.interdependence.org
Filings
5 on file (2020–2024)
Revenue
$472KFY2024
Expenses
$536K
Net assets
$257K
People
22
Filings
5
Updates
0
More identity details & actions ⌄
EIN  23-2138619 Public charity (501(c)(3)) Philadelphia, PA
Form 990 (PDF)
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Size
$100K–1M
What they do
Convenes global experts to discuss economic policies and their impact on world economies and quality of life.
Leadership
Jillian Fornito · Executive Di · $120K
Money in and out
$472K revenue, $536K expenses
Bottom line
58% program efficiency
Where the money goes · FY2024
Total revenue
$472K
Pt VIII · Ln 12
Total expenses
$536K
Pt IX · Ln 25
Net assets
$257K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$64K
Where spending went · Part IX cols B–D
Program services $0.58 Management & general $0.20 Fundraising $0.22
Program efficiency
58%
of spending reaches programs▼ -11% vs prior filing year
Operating runway
5.9mo
months of highly liquid reserves at operating expense rate▼ -23% vs prior filing year
Surplus margin
-13%
revenue over expenses, this year▼ -436% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$472K
FY2024▲ +4%
Expenses
$536K
FY2024▲ +15%
Total assets
$345K
FY2024▼ -28%
Total liabilities
$88K
FY2024▼ -45%
Total revenue
$472K
Pt VIII · Ln 12
Total expenses
$536K
Pt IX · Ln 25
Net assets
$257K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$64K
Total assetsPt X · Ln 16$345K
Program-expense ratioPt IX · col B58%
Voting members of governing bodyPt I · Ln 321
Independent voting membersPt I · Ln 421

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGlobal Interdependence Center
EINHdr · item D23-2138619
Principal addressHdr · item CPhiladelphia, PA
WebsiteHdr · item Jwww.interdependence.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFInternational (Q055)
Ruling yearIRS BMFDec 1982

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a21
Independent voting membersPt VI · Ln 1b21
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$120,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Jillian Fornito’s $120K as Executive Di is at the 89th percentile of top reported officer pay among 1637 $100K–1M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jillian Fornito$120,000$113,000$108,600
Jillian Fornito$100,000$97,860

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $313K of program spending, described in the organization's own filed words · FY2024.
01

Gic brings together a network of international experts in policymaking, central banking, industry, and academia to explore issues and policies concerning global interdependence that impacts world economies and quality of life.

$313Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$231K · 49%
Program service revenue$229K · 48%
Investment income$12K · 3%
Contributions & grants49%$231K
Program service revenue48%$229K
Investment income3%$12K
Total revenueLn 12$472K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.58 Management & general $0.20 Fundraising $0.22
Program services58%$313K
Management & general20%$105K
Fundraising22%$117K
Total functional expensesLn 25$536K

Balance Sheet

Part X · end of year
CashLn 1$23K
Total assetsLn 16$345K
Total liabilitiesLn 26$88K
Total net assetsLn 32$257K
Months of cash on handcomputed0.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $265K · Operating expenses/yr $536K
5.9 months
Where the money goes
Program services
Program services $313K · Total expenses $536K
58%
Management & General
Management & general $105K · Total expenses $536K
20%
Fundraising
Fundraising $117K · Total expenses $536K
22%
Cost to raise $1
Fundraising expense (3-yr avg) $68K · Solicited contributions (3-yr avg) $252K
$0.27 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $231K · Total revenue $472K
49%
Government reliance
Government grants — · Total revenue $472K
Earned-income share
Program service revenue $229K · Total revenue $472K
48%
Investment reliance
Investment income $12K · Total revenue $472K
+3%
Program self-sufficiency
Program service revenue $229K · Total expenses $536K
43%
Growth & trend
Revenue growth (YoY)
This year $472K · Prior year $456K
+4%
Revenue CAGR
FY2020 $364K · FY2024 $472K
+7%
Net-asset trend (YoY)
End of year $257K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $472K · Expenses $536K
-13%
Liabilities-to-Assets
Total liabilities — · Total assets $345K
Net-asset ratio
Net assets $257K · Total assets $345K
74%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $242K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $345K
70%
People & payroll
Highest Reported Total Compensation
Individual Jillian Fornito · Reported title EXECUTIVE DI · Highest reported compensation $120K · Total expenses $536K
22%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $206K · Total expenses $536K
39%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 58%
Overhead ratio 20%
Fundraising cost ratio 51%
Revenue growth 4%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$6K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$472K revenue · viewing · ⤓ 990 PDF
FY2023$456K revenue · ⤓ 990 PDF
FY2022$409K revenue · ⤓ 990 PDF
FY2021$285K revenue · ⤓ 990 PDF
FY2020$364K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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