Global Resilient Cities Network FY2022 filing

Tax-deductible

New York, NY501(c)(3)Human ServicesEIN 85-0990988Revenue $2.6M in FY2022

On file with the IRSresilientcitiesnetwork.org28 Liberty St FL 34, 10005-1526 · New York, NYTax-exempt since Jul 2020Publicly supported charity — 170(b)(1)(A)(vi)

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The primary mission of the organization is to partner with Cities around the world to help them become more Resilient to the physical, social and economic challenges that are a growing part of the 21st century.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$495K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
2 of 5
filings with a surplus
Average surplus $760K a year · 17% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$495K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
11 mo
of spending, in cash
Looks good: 10.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $469K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$228K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 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
-71% vs prior year
Spent
$4.5M
To programs
84%
Net assets
$6.4M
By yearFY2020–FY2024
Revenue
$2.6M
FY2022▼ -71%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.8M
FY2021$8.8M
FY2022$2.6M
FY2023$4.0M
FY2024$2.7M
Expenses
$4.5M
FY2022▲ +53%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$3.0M
FY2022$4.5M
FY2023$4.9M
FY2024$4.4M
Net assets
$6.4M
FY2022▼ -24%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.6M
FY2021$8.4M
FY2022$6.4M
FY2023$5.5M
FY2024$3.8M

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 Jul 2020.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $3.8M Management & general 16% · $748K

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

13 people listed on the 990; $495K paid to officers and key staff.

Part VII, Section A · reportable compensation
Dir. of Knowledge Transformation US.
$174,942Pt VII · Sec A
Director Strategy & Operations
$167,979Pt VII · Sec A
Global Director, Policy & Investment
$151,899Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Key Hill’s $160K as Dir. Strategic Partnership is at the 77th percentile of top reported officer pay among 3869 $1–10M human services 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
Laurian Farrell—$155,712$174,942$160,300—
Dana Omran—$165,847$167,979$163,336$41,909
Key Hill$159,907$137,500———
Laurian M Farrell—$154,463———
Ronald Harris—$154,167———
Stewart Glen Sarkozy-Banoczy—$138,762$151,899$110,828—
Stewart Glenn Sarkozy- Banoczy—$123,403———
Jordana Vasquez—$100,100———

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 Global Resilient Cities Network 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

Helps cities worldwide become more resilient to 21st-century challenges.

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Provided by the organization

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3 programs · $3.7M · in their own filed words · FY2022
01

Strategic Partnerships for Sustainability

This unit is primarily responsible for partnership development and fundraising.

$2.2Mprogram expense
02

Program Innovation

This unit designs, develops and implements all of our thematic programs which fall under 3 pillars of work: economic recovery & equity; climate resilience; and circularity. This unit is also responsible for developing new tools and services to advance our mission to support our member cities in becoming more resilient to the shocks and…

$1.4Mprogram expense
03

Network Engagement & Knowledge

This team is responsible for directing the organization's engagement with our network of partners and member cities. It also is responsible for knowledge management and leads the work to develop learning opportunities (webinars, convenings, etc.) for and dissemination of best practices to our member cities.

$55Kprogram 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 3 funders$469K
See all 3 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$2.6M
Ln 12
Gifts and grantsLn 1h$2.5M
Fees for servicesLn 2g$18K
Investment incomeLn 3$8K
Money outPt IX
$4.5M
Ln 25
Programscol B$3.8M
Managementcol C$748K
Owns and owesPt X
$6.4M
net assets · Ln 32
Cash and savingsLn 1–2$4.0M
Total assetsLn 16$6.7M
LiabilitiesLn 26$228K
PeoplePt VI, VII
13
listed · VII A
PaidVII A3
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.5M
Fees for servicesLn 2g$18K
Investment incomeLn 3$8K
Total revenueLn 12$2.6M
Assets in detailPt X, end of year
CashLn 1$4.0M
Cash and savings togetherLn 1–2$4.0M
Land, buildings, equipmentLn 10c$2K
Other assetsLn 15$0
Total assetsLn 16$6.7M
LiabilitiesLn 26$228K
Net assetsLn 32$6.4M
OperationsPt I, VI
EmployeesI 53
VolunteersI 68
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$8.3M$4.0M
Land, buildings, equipmentLn 10c$3K$2K
Total assetsLn 16$8.6M$6.7M
LiabilitiesLn 26$184K$228K
Net assetsLn 32$8.4M$6.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$2.2M$2.2M
Pay of current officers, directors and key staffLn 5$522K$252K$270K
Other salaries and wagesLn 7$437K$212K$225K
Pension plan contributionsLn 8$75K$34K$42K
Other employee benefitsLn 9$38K$17K$21K
Payroll taxesLn 10$65K$29K$36K
Legal feesLn 11b$35K$35K
Accounting feesLn 11c$26K$26K
Other fees for servicesLn 11g$804K$782K$22K
Office expensesLn 13$22K$18K$4K
OccupancyLn 16$15K$9K$6K
TravelLn 17$147K$147K$724
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$9K$25$9K
Other expenses (24a–d)Ln 24$116K$66K$50K
Total functional expensesLn 25$4.5M$3.8M$748K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.7M$4.4M−$1.7M$3.8M 990 PDF
FY2023 $4.0M$4.9M−$920K$5.5M 990 PDF
FY2022 Viewing $2.6M$4.5M−$2.0M$6.4M 990 PDF
FY2021 $8.8M$3.0M$5.8M$8.4M 990 PDF
FY2020 $3.8M$1.2M$2.6M$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 $2,560,153 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,784,709$2,533,553
I-9 Program service revenuePrior year $0$18,193
I-10 Investment incomePrior year $0$8,407
I-11 Other revenuePrior year −$1,882$0
I-12 Total revenuePrior year $8,782,827$2,560,153
I-13 Grants and similar amounts paidPrior year $1,130,685$2,230,706
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $944,946$1,137,822
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $900,157$1,175,667
I-18 Total expensesPrior year $2,975,788$4,544,195
I-19 Revenue less expensesPrior year $5,807,039−$1,984,042
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $2,560,153 across 5 lines filed
VIII-1f All other contributions, gifts and grants$2,533,553
VIII-1h Total contributions, gifts and grants$2,533,553
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $18,193$18,193
VIII-3 Investment incomeExcluded from tax $8,407$8,407
VIII-12 Total revenueRelated to mission $18,193 · Unrelated business $0 · Excluded from tax $8,407$2,560,153
Part IX · Statement of functional expenses $4,544,195 across 15 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $2,230,706$2,230,706
IX-5 Pay of current officers, directors and key staffPrograms $252,250 · Management $269,607$521,857
IX-7 Other salaries and wagesPrograms $212,254 · Management $224,993$437,247
IX-8 Pension plan contributionsPrograms $33,619 · Management $41,823$75,442
IX-9 Other employee benefitsPrograms $16,885 · Management $21,005$37,890
IX-10 Payroll taxesPrograms $29,137 · Management $36,249$65,386
IX-11b Legal feesManagement $34,843$34,843
IX-11c Accounting feesManagement $26,320$26,320
IX-11g Other fees for servicesPrograms $781,513 · Management $22,178$803,691
IX-13 Office expensesPrograms $18,002 · Management $3,813$21,815
IX-16 OccupancyPrograms $8,875 · Management $6,449$15,324
IX-17 TravelPrograms $146,695 · Management $724$147,419
IX-22 Depreciation, depletion and amortizationManagement $1,017$1,017
IX-23 InsurancePrograms $25 · Management $9,219$9,244
IX-24 Other expenses (24a–d)Programs $66,378 · Management $49,616$115,994
IX-25 Total functional expensesPrograms $3,796,339 · Management $747,856 · Fundraising $0$4,544,195
Part X · Balance sheet $6,671,808 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $8,312,998$4,003,866
X-4 Accounts receivableStart of year $235,000$2,609,395
X-9 Prepaid expenses and deferred chargesStart of year $3,193$56,684
X-10c Land, buildings and equipment, netStart of year $2,880$1,863
X-15 Other assetsStart of year $59,365$0
X-16 Total assetsStart of year $8,613,436$6,671,808
X-17 Accounts payable and accrued expensesStart of year $155,527$111,582
X-19 Deferred revenue$92,515
X-25 Other liabilitiesStart of year $28,325$24,078
X-26 Total liabilitiesStart of year $183,852$228,175
X-27 Net assets without donor restrictionsStart of year $6,675,240$3,686,733
X-28 Net assets with donor restrictionsStart of year $1,754,344$2,756,900
X-32 Total net assets or fund balancesStart of year $8,429,584$6,443,633
X-33 Total liabilities and net assetsStart of year $8,613,436$6,671,808
Part XI · Reconciliation of net assets $6,443,633 net assets at year end
XI-1 Total revenue$2,560,153
XI-2 Total expenses$4,544,195
XI-3 Revenue less expenses−$1,984,042
XI-4 Net assets at start of year$8,429,584
XI-9 Other changes in net assets−$1,909
XI-10 Net assets at end of year$6,443,633

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

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