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Group Of 50 Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 271441903 ✦ Washington, DC ✦ Designated as a 501(c)(6)

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Overview

What is Group Of 50 Foundation Inc?

Group Of 50 Foundation Inc is a nonprofit organization situated in Washington D.C., specifically at 1725 I Street NW Suite 300. Their primary function involves hosting annual meetings, which can be held in-person or virtually, bringing together influential thinkers from various disciplines such as economics, geopolitics, healthcare, arts, environment, and business strategy. These gatherings aim to facilitate meaningful debates on a wide array of issues, fostering a network of accomplished business leaders and promoting the exchange of innovative and socially focused business practices within the Western Hemisphere. The Group of 50 has no political, ideological, religious, or commercial affiliations and selects its members based on their business success, commitment to democracy, and ethical behavior. Their annual meetings have evolved into a significant forum for exchanging ideas and experiences in response to the political, economic, and social trends impacting Ibero-America and the world. The organization also includes the Millennium Leaders of the Group of 50 (ML50), a group of influential entrepreneurs under 40 who are already making a mark in the business world. With a workforce of around 3 employees, the Group of 50 continues to contribute to the global discourse and promote collaborative problem-solving among its members.


Official website here: www.g50.org/

Is Group Of 50 Foundation Inc legitimate?

Group Of 50 Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Group Of 50 Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $122,772
Professional Fundraising Fees: $0
Other Salaries and Wages: $95,114

For more financial information, click here


Official website here: www.g50.org/

What is the mission statement of Group Of 50 Foundation Inc?

The Group of 50 Foundation Inc is an independent, non-profit organization with no political, ideological, religious, or commercial affiliations. Its members, selected for their business success and commitment to democracy, are also renowned philanthropists in the Western Hemisphere. The annual meetings of the Group of 50 serve as a leading platform for exchanging ideas and experiences in response to the political, economic, and social trends affecting Ibero-America and the world. The organization also includes the Millennium Leaders of the Group of 50 (ML50), a select group of entrepreneurs under 40 who are already influential figures in the region. The Group of 50's mission is to facilitate a space for open dialogue and knowledge sharing among its members, promoting democratic values and ethical business conduct.


Official website here: www.g50.org/

Who is the CEO of Group Of 50 Foundation Inc?

Marianella Morales is the Executive Director of Group Of 50 Foundation Inc.


Official website here: www.g50.org/

What is the revenue of Group Of 50 Foundation Inc?

Group Of 50 Foundation Inc's revenue in 2022 was $112,532.


Official website here: www.g50.org/

Who are the executives of Group Of 50 Foundation Inc and what are their salaries?

The average compensation at Group Of 50 Foundation Inc during 2022 was $72,629. There are 3 employees and 2 volunteers at Group Of 50 Foundation Inc.


Here are 4 key members and their salaries:


Marianella Morales (Executive Director)
  • Compensation: $86,759
  • Related: $0
  • Other: $14,955
Moises Naim (Founder And Chairman)
  • Compensation: $36,014
  • Related: $0
  • Other: $0
Francisco J Gonzalez (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andres Naim (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.g50.org/

Where can I find the form 990 for Group Of 50 Foundation Inc?

Group Of 50 Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.g50.org/

Learn more at the official website: www.g50.org/

Mission Statement of Group Of 50 Foundation Inc

The Group of 50 Foundation Inc is an independent, non-profit organization that maintains no partisan, ideological, religious, or commercial affiliations. This organization selects its members not only based on their successful enterprises but also for their commitment to democracy and their impeccable reputation for ethical business behavior. The Group of 50 members are among the leading philanthropists in the Western Hemisphere.

The Group of 50's annual meetings have gained recognition as a leading platform for exchanging ideas and experiences in response to the political, economic, and social trends affecting Ibero-America and the world. The organization also includes the Millennium Leaders of the Group of 50 (ML50), a select group of entrepreneurs under 40 who are already influential business figures in the region. These individuals contribute to the organization's mission by bringing fresh perspectives and innovative ideas to the table.

In essence, the Group of 50 Foundation Inc serves as a neutral, non-partisan forum for prominent business leaders to engage in discussions and collaborations, aiming to tackle the challenges and opportunities that shape the global landscape. By fostering dialogue and promoting ethical business practices, the organization seeks to drive positive change and promote democracy in the Western Hemisphere and beyond.

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Impact




October, 2024

Group Of 50 Foundation Inc significantly influences Ibero-American and global discourse by fostering collaboration among prominent business leaders committed to ethical practices and democratic values. Its annual meetings serve as a vital forum where influential thinkers from diverse fields—including economics, geopolitics, healthcare, and the arts—gather to engage in meaningful debates about pressing issues.

Through these enriching exchanges, members not only share innovative business strategies but also develop socially focused practices that can be implemented across the Western Hemisphere. The inclusion of Millennium Leaders, a select group of under-40 entrepreneurs, ensures that fresh perspectives are heard, invigorating the conversation and future-oriented endeavors.

Additionally, by attracting distinguished speakers such as former heads of state and Nobel laureates, the Group of 50 cultivates a high-caliber network that elevates discussions around critical political, economic, and social trends. This dynamic environment encourages collaboration aimed at addressing some of the world's most pressing challenges, ultimately contributing to community improvement and sustainability in various sectors.




This information is meant to be a general summary of Group Of 50 Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$112,532 (2022)
Expenses
$470,497 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $685
  • Program Service Revenue: $2,396
  • Gross Receipts: $112,532

Assets and Liabilities:

  • Total Assets: $2,347,116
  • Total Liabilities: $10,904
  • Net Assets: $2,336,212

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ANNUAL CONFERENCE

Revenue

$2,396

Organization Details

Founding Year

2009

Principal Officer

Marianella Morales

Main Address

1725 I STREET NW SUITE 300, WASHINGTON, DC, 20006

NTEE Category

Code: S41 - Community improvement

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