Globalsf

IRS exemption revoked

San Francisco, CAUnknown exempt organizationEIN 82-2776545Revenue $895K in FY2022

On file with the IRSglobalsf.biz1355 Market Street Suite 488 · San Francisco, CA

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The mission of Globalsf is to bring together key stakeholders in the public and private sectors to create sustainable economic growth.

68¢ of each $1 spent went to programs.
$153K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $41K a year · 5% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$153K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$145K
106% of total assets
Concern: liabilities are 106% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$895K
+33% vs prior year
Spent
$898K
To programs
68%
Net assets
−$8K
By yearFY2020–FY2022
Revenue
$895K
FY2022▲ +33%
Tap a bar for its year
Revenue by fiscal year
FY2020$734K
FY2021$671K
FY2022$895K
Expenses
$898K
FY2022▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$726K
FY2021$800K
FY2022$898K
Net assets
−$8K
FY2022▼ -162%
Tap a bar for its year
Net assets by fiscal year
FY2020$75K
FY2021$13K
FY2022−$8K

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on November 15, 2025

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2022.

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

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $607K Management & general 11% · $98K Fundraising 22% · $193K

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

7 people listed on the 990; $153K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$153,000Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director, Secretary, Treas
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Co Chair
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2020
Darlene Chiu Bryant$153,000$152,100$152,100

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 Globalsf 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 public and private leaders to foster sustainable economic growth.

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Provided by the organization

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1 program · $607K · in their own filed words · FY2021
01

Serves as a gateway for innovation and economic exchanges between the city of san francisco and asia , latin america.

$607Kprogram expense

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
Total grants receivedfrom 1 funder$1K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$895K
Ln 12
Gifts and grantsLn 1h$652K
Fees for servicesLn 2g$147K
Other incomeLn 4–11$96K
Money outPt IX
$898K
Ln 25
Programscol B$607K
Managementcol C$98K
Fundraisingcol D$193K
Owns and owesPt X
−$8K
net assets · Ln 32
Cash and savingsLn 1–2$18K
Total assetsLn 16$137K
LiabilitiesLn 26$145K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$652K
Government grantsLn 1e$325K
Fees for servicesLn 2g$147K
Investment incomeLn 3$22
Other incomeLn 4–11$96K
Total revenueLn 12$895K
Assets in detailPt X, end of year
CashLn 1$18K
Cash and savings togetherLn 1–2$18K
Land, buildings, equipmentLn 10c$9K
Total assetsLn 16$137K
LiabilitiesLn 26$145K
Net assetsLn 32−$8K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
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$97K$18K
Land, buildings, equipmentLn 10c$9K$9K
Total assetsLn 16$216K$137K
LiabilitiesLn 26$203K$145K
Net assetsLn 32$13K−$8K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$317K$210K$32K$74K
Pay of disqualified personsLn 6$295K$196K$30K$69K
Other employee benefitsLn 9$43K$32K$4K$7K
Payroll taxesLn 10$49K$36K$4K$8K
Management feesLn 11a$875$875
Legal feesLn 11b$15K$15K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$102K$57K$11K$35K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$14K$14K
TravelLn 17$47K$47K
InsuranceLn 23$9K$9K
Total functional expensesLn 25$898K$607K$98K$193K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $895K$898K−$3K−$8K 990 PDF
FY2021 $671K$800K−$129K$13K 990 PDF
FY2020 $734K$726K$8K$75K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $895,213 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $458,557$652,333
I-9 Program service revenuePrior year $211,425$146,568
I-10 Investment incomePrior year $0$22
I-11 Other revenuePrior year $1,500$96,290
I-12 Total revenuePrior year $671,482$895,213
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $652,396$703,573
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $147,829$194,643
I-18 Total expensesPrior year $800,225$898,216
I-19 Revenue less expensesPrior year −$128,743−$3,003
Part VI · Governance 6 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $895,213 across 8 lines filed
VIII-1d Related organizations$258,464
VIII-1e Government grants$325,000
VIII-1f All other contributions, gifts and grants$68,869
VIII-1h Total contributions, gifts and grants$652,333
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $146,568$146,568
VIII-3 Investment incomeUnrelated business $22$22
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $96,290$96,290
VIII-12 Total revenueRelated to mission $146,568 · Unrelated business $96,312 · Excluded from tax $0$895,213
Part IX · Statement of functional expenses $898,216 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $210,255 · Management $32,402 · Fundraising $74,100$316,757
IX-6 Pay of disqualified personsPrograms $196,014 · Management $30,207 · Fundraising $69,081$295,302
IX-9 Other employee benefitsPrograms $31,912 · Management $3,712 · Fundraising $7,206$42,830
IX-10 Payroll taxesPrograms $36,274 · Management $4,219 · Fundraising $8,191$48,684
IX-11a Management feesManagement $875$875
IX-11b Legal feesManagement $14,535$14,535
IX-11c Accounting feesManagement $1,600$1,600
IX-11g Other fees for servicesPrograms $56,554 · Management $10,647 · Fundraising $34,904$102,105
IX-12 Advertising and promotionPrograms $5,000$5,000
IX-13 Office expensesPrograms $13,957$13,957
IX-17 TravelPrograms $47,308$47,308
IX-23 InsurancePrograms $9,263$9,263
IX-25 Total functional expensesPrograms $606,537 · Management $98,197 · Fundraising $193,482$898,216
Part X · Balance sheet $137,078 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $96,974$18,380
X-4 Accounts receivableStart of year $109,828$109,210
X-10c Land, buildings and equipment, netStart of year $9,488$9,488
X-16 Total assetsStart of year $216,290$137,078
X-17 Accounts payable and accrued expensesStart of year $37,996$58,257
X-25 Other liabilitiesStart of year $165,440$86,770
X-26 Total liabilitiesStart of year $203,436$145,027
X-32 Total net assets or fund balancesStart of year $12,854−$7,949
X-33 Total liabilities and net assetsStart of year $216,290$137,078
Part XI · Reconciliation of net assets −$7,949 net assets at year end
XI-1 Total revenue$895,213
XI-2 Total expenses$898,216
XI-3 Revenue less expenses−$3,003
XI-4 Net assets at start of year$12,854
XI-9 Other changes in net assets−$25,900
XI-10 Net assets at end of year−$7,949

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

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