Global Compact Network USA INC

Tax-deductible

New York, NY501(c)(3)InternationalEIN 47-1590003

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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.

501(c)(3) charity; gifts are tax-deductible.
32¢ of each $1 spent went to programs.
Run by 9 volunteers and 3 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
3 of 5
filings with a surplus
Average surplus $46K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
32%
of spending
Concern: 32% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$971K
to officers and key staff · 30% of spending
Top officer’s pay higher than 92% of similar orgs
Worth a look: pay to officers and key staff is 30% of spending; over 20%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $9.1M
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.1M
69% of total assets
Worth a look: liabilities are 69% of assets; over 65%.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
-18% vs prior year
Spent
$3.2M
To programs
32%
Net assets
$945K
By yearFY2020–FY2024
Revenue
$2.0M
FY2024▼ -18%
Revenue by fiscal year
FY2020$1.0M
FY2021$1.9M
FY2022$1.7M
FY2023$2.5M
FY2024$2.0M
Expenses
$3.2M
FY2024▲ +21%
Expenses by fiscal year
FY2020$610K
FY2021$817K
FY2022$1.6M
FY2023$2.7M
FY2024$3.2M
Net assets
$945K
FY2024▼ -55%
Net assets by fiscal year
FY2020$968K
FY2021$2.0M
FY2022$2.2M
FY2023$2.1M
FY2024$945K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2015.

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

Where the money goes

32 cents of each dollar spent went to programs.

Program services 32% · $1.0M Management & general 51% · $1.6M Fundraising 17% · $551K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990; $971K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director (as of June 2024)
$285,000Pt VII · Sec A
Executive Director (through June 2024)
$227,137Pt VII · Sec A
Head of Programming
$120,679Pt VII · Sec A
Former Hce
$118,000Pt VII · Sec A
Head of Communications & Operations
$117,500Pt VII · Sec A
Senior Engagement Manager
$103,006Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Richard W Pearl’s $285K as Executive Director (as of June 2024) is at the 92nd percentile of top reported officer pay among 1168 $1–10M 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Richard W Pearl$285,000————
Adam Roy Gordon$227,137$246,965———
Richard W Pearl—$195,000———
Adam Gordon——$194,526$126,306—
Jacqueline Grace——$151,771——
Adam Gordon————$127,769
Claudia Herbert Colfer$120,679$118,614———
David Fiss$118,000————

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 Compact Network USA INC 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 15aNo

Programs and updates

Connects U.S. companies and stakeholders to promote UN Global Compact principles.

Provided by the organization

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1 program service account for $1.0M of program spending, described in the organization's own filed words · FY2024.
01

Global Compact Network USA organized virtual and in-person 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…

$1.0Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 6 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Gifts and grantsLn 1h$2.0M
Investment incomeLn 3$38K
Other incomeLn 4–11$5K
Money outPt IX
$3.2M
Ln 25
Programscol B$1.0M
Managementcol C$1.6M
Fundraisingcol D$551K
Owns and owesPt X
$945K
net assets · Ln 32
Cash and savingsLn 1–2$948K
Total assetsLn 16$3.1M
LiabilitiesLn 26$2.1M
PeoplePt VI, VII
18
listed · VII A
PaidVII A6
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.0M
Investment incomeLn 3$38K
Other incomeLn 4–11$5K
Gains on assetsLn 7$6K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$622K
SavingsLn 2$326K
Cash and savings togetherLn 1–2$948K
InvestmentsLn 11–13$2.1M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$3.1M
LiabilitiesLn 26$2.1M
Net assetsLn 32$945K
OperationsPt I, VI
EmployeesI 53
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.8M$948K
InvestmentsLn 11–13$1.6M$2.1M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$3.4M$3.1M
LiabilitiesLn 26$1.3M$2.1M
Net assetsLn 32$2.1M$945K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.2M$385K$565K$286K
Other employee benefitsLn 9$269K$84K$123K$62K
Payroll taxesLn 10$102K$32K$47K$24K
Other fees for servicesLn 11g$838K$220K$543K$75K
Advertising and promotionLn 12$51K$51K$11
Office expensesLn 13$303K$17K$256K$30K
OccupancyLn 16$13K$4K$6K$3K
TravelLn 17$33K$8K$10K$15K
Conferences, conventions and meetingsLn 19$322K$263K$17K$41K
InsuranceLn 23$19K$6K$9K$4K
Other expenses (24a–d)Ln 24$46K$14K$21K$11K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$3.2M$1.0M$1.6M$551K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.0M$3.2M−$1.2M$945K 990 PDF
FY2023 $2.5M$2.7M−$180K$2.1M 990 PDF
FY2022 $1.7M$1.6M$174K$2.2M 990 PDF
FY2021 $1.9M$817K$1.0M$2.0M 990 PDF
FY2020 $1.0M$610K$398K$968K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $2,035,166 across 6 lines filed
VIII-1f All other contributions, gifts and grants$1,992,573
VIII-1h Total contributions, gifts and grants$1,992,573
VIII-3 Investment incomeExcluded from tax $31,691$31,691
VIII-7 Net gain or loss on sales of assetsExcluded from tax $6,264$6,264
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,638$4,638
VIII-12 Total revenueRelated to mission $4,638 · Unrelated business $0 · Excluded from tax $37,955$2,035,166
Part IX · Statement of functional expenses $3,231,240 across 12 lines filed
IX-7 Other salaries and wagesPrograms $385,227 · Management $565,344 · Fundraising $286,359$1,236,930
IX-9 Other employee benefitsPrograms $83,658 · Management $122,774 · Fundraising $62,188$268,620
IX-10 Payroll taxesPrograms $31,758 · Management $46,606 · Fundraising $23,607$101,971
IX-11g Other fees for servicesPrograms $220,262 · Management $542,580 · Fundraising $74,954$837,796
IX-12 Advertising and promotionManagement $50,660 · Fundraising $11$50,671
IX-13 Office expensesPrograms $16,829 · Management $255,899 · Fundraising $29,970$302,698
IX-16 OccupancyPrograms $4,015 · Management $5,892 · Fundraising $2,985$12,892
IX-17 TravelPrograms $7,982 · Management $10,226 · Fundraising $14,909$33,117
IX-19 Conferences, conventions and meetingsPrograms $263,257 · Management $17,161 · Fundraising $41,207$321,625
IX-23 InsurancePrograms $5,633 · Management $8,930 · Fundraising $4,187$18,750
IX-24 Other expenses (24a–d)Programs $14,379 · Management $21,102 · Fundraising $10,689$46,170
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $1,033,000 · Management $1,647,174 · Fundraising $551,066$3,231,240
Part X · Balance sheet $3,056,807 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $1,295,060$622,426
X-2 Savings and temporary cash investmentsStart of year $502,871$326,029
X-9 Prepaid expenses and deferred chargesStart of year $48,558$399
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $1,556,112$2,107,953
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $3,402,601$3,056,807
X-17 Accounts payable and accrued expensesStart of year $219,704$712,013
X-25 Other liabilitiesStart of year $1,105,548$1,400,058
X-26 Total liabilitiesStart of year $1,325,252$2,112,071
X-27 Net assets without donor restrictionsStart of year $2,077,349$944,736
X-32 Total net assets or fund balancesStart of year $2,077,349$944,736
X-33 Total liabilities and net assetsStart of year $3,402,601$3,056,807
Part XI · Reconciliation of net assets $944,736 net assets at year end
XI-1 Total revenue$2,035,166
XI-2 Total expenses$3,231,240
XI-3 Revenue less expenses−$1,196,074
XI-4 Net assets at start of year$2,077,349
XI-5 Net unrealized gains (losses) on investments$63,461
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$944,736

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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