Global Technology Distribution Council FY2022 filing

Not tax-deductible

Odessa, FL501(c)(6)Community DevelopmentEIN 33-0821101Revenue $2.7M in FY2022

On file with the IRSgtdc.org15625 Jericho Dr, 33556-3016 · Odessa, FLTax-exempt since Aug 1999

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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.

$689K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2022 · 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
$689K
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
19 mo
of spending, in cash
Looks good: 19.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$364K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
-0.6% vs prior year
Spent
$1.9M
To programs
0%
Net assets
$3.9M
By yearFY2020–FY2024
Revenue
$2.7M
FY2022▼ -0.6%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.6M
FY2021$2.7M
FY2022$2.7M
FY2023$3.0M
FY2024$3.2M
Expenses
$1.9M
FY2022▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.9M
FY2021$2.1M
FY2022$1.9M
FY2023$2.5M
FY2024$3.3M
Net assets
$3.9M
FY2022▲ +23%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.6M
FY2021$3.2M
FY2022$3.9M
FY2023$4.4M
FY2024$4.3M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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; $689K paid to officers and key staff.

Part VII, Section A · reportable compensation
$500,000Pt VII · Sec A
Treasurer
$188,750Pt 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.

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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.

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Provided by the organization

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1 program · in their own filed words · FY2022
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 FY2022 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Fees for servicesLn 2g$2.7M
Investment incomeLn 3$301
Money outPt IX
$1.9M
Ln 25
Owns and owesPt X
$3.9M
net assets · Ln 32
Cash and savingsLn 1–2$3.1M
Total assetsLn 16$4.3M
LiabilitiesLn 26$364K
PeoplePt VI, VII
3
listed · VII A
PaidVII A2
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.7M
Investment incomeLn 3$301
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$160K
SavingsLn 2$3.0M
Cash and savings togetherLn 1–2$3.1M
Other assetsLn 15$169K
Total assetsLn 16$4.3M
LiabilitiesLn 26$364K
Net assetsLn 32$3.9M
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 FY22End FY22
Cash and savingsLn 1–2$3.4M$3.1M
Total assetsLn 16$3.5M$4.3M
LiabilitiesLn 26$323K$364K
Net assetsLn 32$3.2M$3.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$761K
Other salaries and wagesLn 7$76K
Pension plan contributionsLn 8$8K
Payroll taxesLn 10$34K
Management feesLn 11a$157K
Legal feesLn 11b$22K
Accounting feesLn 11c$11K
Office expensesLn 13$13K
TravelLn 17$32K
Conferences, conventions and meetingsLn 19$128K
InterestLn 20$145
InsuranceLn 23$5K
Other expenses (24a–d)Ln 24$511K
All other expensesLn 24e$189K
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 Viewing $2.7M$1.9M$746K$3.9M 990 PDF
FY2021 $2.7M$2.1M$618K$3.2M 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $2,692,774 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $2,707,668$2,692,473
I-10 Investment incomePrior year $355$301
I-11 Other revenue$0
I-12 Total revenuePrior year $2,708,023$2,692,774
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $834,541$879,318
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,254,993$1,067,075
I-18 Total expensesPrior year $2,089,534$1,946,393
I-19 Revenue less expensesPrior year $618,489$746,381
Part VI · Governance 25 of 25 board members independent, no flags
VI-1a Voting members of the governing body25
VI-1b Independent voting members25
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,692,774 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,689,000 · Excluded from tax $3,473$2,692,473
VIII-3 Investment incomeExcluded from tax $301$301
VIII-12 Total revenueRelated to mission $2,689,000 · Excluded from tax $3,774$2,692,774
Part IX · Statement of functional expenses $1,946,393 across 14 lines filed
IX-5 Pay of current officers, directors and key staff$760,862
IX-7 Other salaries and wages$76,000
IX-8 Pension plan contributions$8,280
IX-10 Payroll taxes$34,176
IX-11a Management fees$156,821
IX-11b Legal fees$21,810
IX-11c Accounting fees$10,575
IX-13 Office expenses$12,632
IX-17 Travel$32,145
IX-19 Conferences, conventions and meetings$128,064
IX-20 Interest$145
IX-23 Insurance$4,857
IX-24 Other expenses (24a–d)$511,063
IX-24e All other expenses$188,963
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$1,946,393
Part X · Balance sheet $4,294,057 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $180,132$159,723
X-2 Savings and temporary cash investmentsStart of year $3,233,184$2,978,842
X-4 Accounts receivableStart of year $87,500$980,811
X-9 Prepaid expenses and deferred chargesStart of year $5,295$5,613
X-15 Other assets$169,068
X-16 Total assetsStart of year $3,506,111$4,294,057
X-17 Accounts payable and accrued expensesStart of year $48,848$138,760
X-19 Deferred revenueStart of year $75,000$25,000
X-25 Other liabilitiesStart of year $198,762$200,415
X-26 Total liabilitiesStart of year $322,610$364,175
X-27 Net assets without donor restrictionsStart of year $3,183,501$3,929,882
X-32 Total net assets or fund balancesStart of year $3,183,501$3,929,882
X-33 Total liabilities and net assetsStart of year $3,506,111$4,294,057
Part XI · Reconciliation of net assets $3,929,882 net assets at year end
XI-1 Total revenue$2,692,774
XI-2 Total expenses$1,946,393
XI-3 Revenue less expenses$746,381
XI-4 Net assets at start of year$3,183,501
XI-10 Net assets at end of year$3,929,882

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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