Global Technology Distribution Council FY2020 filing

Not tax-deductible

Odessa, FL501(c)(6)Community DevelopmentEIN 33-0821101

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The purposes and objectives of the Council shall be to study and address issues in the information Technology industry on a Global basis. Without limiting the foregoing, the vision statement of the Council shall be to enhance the effectiveness of the information Technology supply chain by giving voice to key industry issues, and then to serve as the conduit to drive needed improvements globally. As well, the mission statement of the Council shall be to enable and drive the adoption of open and common business processes across the Global information Technology supply chain, while actively creating understandable industry performance benchmarks on the entire supply chain.

$649K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $489K a year · 17% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$649K
to officers and key staff · 35% of spending
Concern: pay to officers and key staff is 35% of spending; over 30%.
Pt VII · Sec A
Cash reserves
16 mo
of spending, in cash
Looks good: 16.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$199K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
26
of 26 voting members
Looks good: 26 of 26 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.6M
Spent
$1.9M
To programs
0%
Net assets
$2.6M
By yearFY2020–FY2024
Revenue
$2.6M
FY2020
Revenue by fiscal year
FY2020$2.6M
FY2021$2.7M
FY2022$2.7M
FY2023$3.0M
FY2024$3.2M
Expenses
$1.9M
FY2020
Expenses by fiscal year
FY2020$1.9M
FY2021$2.1M
FY2022$1.9M
FY2023$2.5M
FY2024$3.3M
Net assets
$2.6M
FY2020
Net assets by fiscal year
FY2020$2.6M
FY2021$3.2M
FY2022$3.9M
FY2023$4.4M
FY2024$4.3M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1999.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

3 people listed on the 990; $649K paid to officers and key staff.

Part VII, Section A · reportable compensation
$500,000Pt VII · Sec A
Senior VP Op
$149,134Pt VII · Sec A
$0Pt VII · Sec A

Frank Vitagliano’s $500K as CEO is at the 96th percentile of top reported officer pay among 2832 $1–10M community development 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
Frank Vitagliano$500,000$500,000$500,000$500,000$500,000
Kavita May$190,000$190,000$188,750$150,000$149,134

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.

See Global Technology Distribution Council executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Improves the global IT supply chain by addressing industry issues and driving common processes.

Provided by the organization

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1 program · in their own filed words · FY2020
01

Revenues from the current year were used for implementation of the following strategic initiatives to further the council's exempt purpose: market trend analysis, industry research, reporting standards, industry advocacy, and benchmark surveys.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.6M
Ln 12
Fees for servicesLn 2g$2.6M
Investment incomeLn 3$488
Other incomeLn 4–11$115
Money outPt IX
$1.9M
Ln 25
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$2.5M
Total assetsLn 16$2.8M
LiabilitiesLn 26$199K
PeoplePt VI, VII
3
listed · VII A
PaidVII A2
Voting boardVI 1a26
IndependentVI 1b26
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.6M
Investment incomeLn 3$488
Other incomeLn 4–11$115
Total revenueLn 12$2.6M
Assets in detailPt X, end of year
CashLn 1$140K
SavingsLn 2$2.4M
Cash and savings togetherLn 1–2$2.5M
Other assetsLn 15$22K
Total assetsLn 16$2.8M
LiabilitiesLn 26$199K
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.9M$2.5M
Total assetsLn 16$2.1M$2.8M
LiabilitiesLn 26$224K$199K
Net assetsLn 32$1.9M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2K
Pay of current officers, directors and key staffLn 5$528K
Other salaries and wagesLn 7$219K
Pension plan contributionsLn 8$22K
Payroll taxesLn 10$32K
Management feesLn 11a$171K
Legal feesLn 11b$23K
Accounting feesLn 11c$13K
Office expensesLn 13$11K
TravelLn 17$8K
Conferences, conventions and meetingsLn 19$247K
InsuranceLn 23$5K
Other expenses (24a–d)Ln 24$480K
All other expensesLn 24e$114K
Total functional expensesLn 25$1.9M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.2M$3.3M−$110K$4.3M 990 PDF
FY2023 $3.0M$2.5M$486K$4.4M 990 PDF
FY2022 $2.7M$1.9M$746K$3.9M 990 PDF
FY2021 $2.7M$2.1M$618K$3.2M 990 PDF
FY2020 Viewing $2.6M$1.9M$703K$2.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $2,576,574 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,575,971$2,575,971
VIII-3 Investment incomeExcluded from tax $488$488
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $115$115
VIII-12 Total revenueRelated to mission $2,576,086 · Excluded from tax $488$2,576,574
Part IX · Statement of functional expenses $1,873,753 across 14 lines filed
IX-1 Grants to domestic organizations$2,500
IX-5 Pay of current officers, directors and key staff$527,874
IX-7 Other salaries and wages$219,134
IX-8 Pension plan contributions$21,574
IX-10 Payroll taxes$31,989
IX-11a Management fees$171,315
IX-11b Legal fees$22,523
IX-11c Accounting fees$12,725
IX-13 Office expenses$10,808
IX-17 Travel$8,470
IX-19 Conferences, conventions and meetings$246,738
IX-23 Insurance$4,672
IX-24 Other expenses (24a–d)$479,604
IX-24e All other expenses$113,827
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$1,873,753
Part X · Balance sheet $2,763,579 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $142,410$139,514
X-2 Savings and temporary cash investmentsStart of year $1,735,845$2,401,847
X-4 Accounts receivableStart of year $170,572$195,400
X-9 Prepaid expenses and deferred chargesStart of year $3,971$4,318
X-15 Other assetsStart of year $33,817$22,500
X-16 Total assetsStart of year $2,086,615$2,763,579
X-17 Accounts payable and accrued expensesStart of year $59,214$31,182
X-25 Other liabilitiesStart of year $165,210$167,385
X-26 Total liabilitiesStart of year $224,424$198,567
X-27 Net assets without donor restrictionsStart of year $1,862,191$2,565,012
X-32 Total net assets or fund balancesStart of year $1,862,191$2,565,012
X-33 Total liabilities and net assetsStart of year $2,086,615$2,763,579
Part XI · Reconciliation of net assets $2,565,012 net assets at year end
XI-1 Total revenue$2,576,574
XI-2 Total expenses$1,873,753
XI-3 Revenue less expenses$702,821
XI-4 Net assets at start of year$1,862,191
XI-10 Net assets at end of year$2,565,012

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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