Globalsf FY2021 filing

IRS exemption revoked

San Francisco, CAUnknown exempt organization EIN 82-2776545Revenue $671K in FY2021

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.

71¢ of each $1 spent went to programs.
$152K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2021 · 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
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$152K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
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
$203K
94% of total assets
Concern: liabilities are 94% 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
$671K
-9% vs prior year
Spent
$800K
To programs
71%
Net assets
$13K
By yearFY2020–FY2022
Revenue
$671K
FY2021▼ -9%
Tap a bar for its year
Revenue by fiscal year
FY2020$734K
FY2021$671K
FY2022$895K
Expenses
$800K
FY2021▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$726K
FY2021$800K
FY2022$898K
Net assets
$13K
FY2021▼ -83%
Tap a bar for its year
Net assets by fiscal year
FY2020$75K
FY2021$13K
FY2022−$8K

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on November 15, 2025
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2022) →

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

71 cents of each dollar spent went to programs.

Program services 71% · $569K Management & general 12% · $93K Fundraising 17% · $138K

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; $152K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$152,100Pt 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.

Questions for Globalsf

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Provided by the organization

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1 program · $569K · in their own filed words · FY2020
01

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

$569Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$671K
Ln 12
Gifts and grantsLn 1h$459K
Fees for servicesLn 2g$211K
Other incomeLn 4–11$2K
Money outPt IX
$800K
Ln 25
Programscol B$569K
Managementcol C$93K
Fundraisingcol D$138K
Owns and owesPt X
$13K
net assets · Ln 32
Cash and savingsLn 1–2$97K
Total assetsLn 16$216K
LiabilitiesLn 26$203K
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$459K
Government grantsLn 1e$294K
Fees for servicesLn 2g$211K
Other incomeLn 4–11$2K
Total revenueLn 12$671K
Assets in detailPt X, end of year
CashLn 1$97K
Cash and savings togetherLn 1–2$97K
Land, buildings, equipmentLn 10c$9K
Total assetsLn 16$216K
LiabilitiesLn 26$203K
Net assetsLn 32$13K
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 FY21End FY21
Cash and savingsLn 1–2$97K
Land, buildings, equipmentLn 10c$7K$9K
Total assetsLn 16$671K$216K
LiabilitiesLn 26$595K$203K
Net assetsLn 32$75K$13K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$367K$259K$29K$78K
Pay of disqualified personsLn 6$188K$133K$15K$40K
Other employee benefitsLn 9$53K$39K$5K$9K
Payroll taxesLn 10$45K$34K$4K$8K
Management feesLn 11a$29K$29K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$62K$55K$3K$3K
Advertising and promotionLn 12$26K$26K
Office expensesLn 13$15K$15K
TravelLn 17$4K$4K
InsuranceLn 23$4K$4K
Total functional expensesLn 25$800K$569K$93K$138K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $895K$898K−$3K−$8K 990 PDF
FY2021 Viewing $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 FY2021 990 (6 parts)
Part I · Summary $671,482 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $585,965$458,557
I-9 Program service revenuePrior year $135,504$211,425
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $12,750$1,500
I-12 Total revenuePrior year $734,219$671,482
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 $574,746$652,396
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $151,651$147,829
I-18 Total expensesPrior year $726,397$800,225
I-19 Revenue less expensesPrior year $7,822−$128,743
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 $671,482 across 7 lines filed
VIII-1d Related organizations$30,750
VIII-1e Government grants$293,896
VIII-1f All other contributions, gifts and grants$133,911
VIII-1h Total contributions, gifts and grants$458,557
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $211,425$211,425
VIII-8 Net income from fundraising eventsExcluded from tax $1,500$1,500
VIII-12 Total revenueRelated to mission $211,425 · Unrelated business $0 · Excluded from tax $1,500$671,482
Part IX · Statement of functional expenses $800,225 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $259,180 · Management $29,438 · Fundraising $78,138$366,756
IX-6 Pay of disqualified personsPrograms $132,792 · Management $15,083 · Fundraising $40,034$187,909
IX-9 Other employee benefitsPrograms $39,285 · Management $4,569 · Fundraising $8,870$52,724
IX-10 Payroll taxesPrograms $33,536 · Management $3,900 · Fundraising $7,571$45,007
IX-11a Management feesManagement $28,519$28,519
IX-11b Legal feesManagement $6,250$6,250
IX-11c Accounting feesManagement $2,000$2,000
IX-11g Other fees for servicesPrograms $55,252 · Management $3,339 · Fundraising $3,128$61,719
IX-12 Advertising and promotionPrograms $26,321$26,321
IX-13 Office expensesPrograms $15,330$15,330
IX-17 TravelPrograms $3,543$3,543
IX-23 InsurancePrograms $4,147$4,147
IX-25 Total functional expensesPrograms $569,386 · Management $93,098 · Fundraising $137,741$800,225
Part X · Balance sheet $216,290 assets, 10 lines filed
X-1 Cash, non-interest-bearing$96,974
X-4 Accounts receivableStart of year $640,303$109,828
X-9 Prepaid expenses and deferred chargesStart of year $23,445$0
X-10c Land, buildings and equipment, netStart of year $6,900$9,488
X-16 Total assetsStart of year $670,648$216,290
X-17 Accounts payable and accrued expensesStart of year $458,468$37,996
X-25 Other liabilitiesStart of year $136,840$165,440
X-26 Total liabilitiesStart of year $595,308$203,436
X-32 Total net assets or fund balancesStart of year $75,340$12,854
X-33 Total liabilities and net assetsStart of year $670,648$216,290
Part XI · Reconciliation of net assets $12,854 net assets at year end
XI-1 Total revenue$671,482
XI-2 Total expenses$800,225
XI-3 Revenue less expenses−$128,743
XI-4 Net assets at start of year$75,340
XI-9 Other changes in net assets$66,257
XI-10 Net assets at end of year$12,854

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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