Overview
What is Concordia Summit Inc?
Concordia Summit Inc is a 501(c)(3) nonprofit organization situated in New York City. Their primary objective is to foster meaningful dialogue, stimulate collaboration, and inspire collective action on global issues. This is achieved through a variety of year-round programming, including the annual Concordia Summit, which brings together thought leaders and social innovators to address pressing challenges and explore scalable solutions. The 2022 Concordia Annual Summit, for instance, convened over 1,900 participants to engage with preeminent decision-makers, discussing topics such as financial inclusion, global trade, and the role of the private sector in combating misinformation. Concordia serves as a platform for public-private partnerships, aiming to create a more prosperous and sustainable future. The organization currently employs 28 individuals.
Official website here: www.concordia.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%
Concordia Summit Inc has received a one-star rating from Charity Navigator, indicating potential concerns regarding its overall performance. While the charity demonstrates strong governance practices, including a fully independent board and effective conflict of interest policies, its accountability and finance score reflects areas that may need improvement.
One notable strength is the organization's program expense ratio, which is high at 77.18%, indicating that a significant portion of its budget is allocated to programs rather than administrative costs. The fundraising efficiency is also commendable, with a low cost of $0.072 to raise a dollar, suggesting effective fundraising strategies.
Despite these strengths, the overall rating presents a cautionary note for potential donors, as the overall score of 57% suggests that the organization may face challenges in its operational effectiveness or transparency. Potential supporters should consider these factors when evaluating their support for Concordia Summit Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Concordia Summit Inc legitimate?
Concordia Summit Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Concordia Summit 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,271,470
For more financial information, click here
Official website here: www.concordia.net
What is the mission statement of Concordia Summit Inc?
Concordia Summit Inc, a registered 501(c)(3) nonprofit organization, serves as a platform for fostering public-private partnerships to create a more prosperous and sustainable future. Acting as a convenor, campaigner, and idea incubator, Concordia promotes interaction between these sectors, leveraging its diverse programming throughout the year. The annual Concordia Summit and various year-round engagement opportunities connect members with thought leaders and social innovators, encouraging contributions beyond events. In 2022, the Concordia Annual Summit brought together over 1,900 participants to engage with prominent decision-makers, discussing pressing global challenges and showcasing the potential of cross-sector collaboration for a more prosperous and sustainable future. The event charted a course forward in a post-pandemic world, emphasizing international cooperation and exploring scalable solutions to timely issues such as financial inclusion, global trade, and combating misinformation and disinformation.
Official website here: www.concordia.net
What is the revenue of Concordia Summit Inc?
Concordia Summit Inc's revenue in 2023 was $5,333,984.
Official website here: www.concordia.net
Who are the executives of Concordia Summit Inc and what are their salaries?
The average compensation at Concordia Summit Inc during 2023 was $52,978. There are 24 employees and 10 volunteers at Concordia Summit Inc.
Here are 13 key members and their salaries:
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- Compensation: $104,000
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Official website here: www.concordia.net
Where can I find the form 990 for Concordia Summit Inc?
Concordia Summit Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.concordia.net
Learn more at the official website: www.concordia.net
Mission Statement of Concordia Summit Inc
Concordia Summit, a 501(C)(3) nonprofit organization, is committed to fostering public-private partnerships to create a more prosperous and sustainable future. Serving as an equal parts convener, campaigner, and idea incubator, Concordia is pioneering a new model for how a nonpartisan, nonprofit organization can make a global impact. By facilitating meaningful dialogue, sparking collaboration, and inspiring collective action, Concordia connects its members with thought leaders and social innovators, encouraging contributions beyond their events.
In September 2011, Concordia Summit convened its inaugural forum, marking its entry into the global issues arena. Since then, it has continued to engage its members with year-round opportunities, providing a platform for interaction with influential figures and promoting social innovation. The 2022 Concordia Annual Summit, held in September, brought together over 1,900 participants to engage with prominent thought leaders and decision-makers, discussing pressing global challenges and exploring the potential of cross-sector collaboration in creating a more prosperous and sustainable future. The summit offered an opportunity to chart a course forward in a post-pandemic world, emphasizing the spirit of international cooperation while focusing on scalable solutions to contemporary issues such as financial inclusion, global trade, and the role of the private sector in combating misinformation and disinformation.
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Impact
October, 2024
Concordia Summit Inc significantly impacts global issues by fostering public-private partnerships that address today's most pressing challenges. Since its inaugural forum in 2011, Concordia has created a platform for meaningful dialogue and collaboration, connecting thought leaders, decision-makers, and social innovators. By convening diverse stakeholders, including over 1,900 participants at the 2022 Annual Summit, Concordia highlights the power of cross-sector collaboration in building scalable solutions for issues such as financial inclusion, global trade, and combating misinformation.
Through a variety of year-round engagement opportunities, Concordia encourages ongoing contributions beyond its events. This proactive approach not only sparks innovation but also inspires collective action aimed at creating a more prosperous and sustainable future. By equipping participants with insights and frameworks to navigate a post-pandemic world, Concordia plays a crucial role in shaping international cooperation and driving impactful initiatives.
This information is meant to be a general summary of Concordia Summit 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $10
- Program Service Revenue: $1,374,468
- Gross Receipts: $5,333,984
Assets and Liabilities:
- Total Assets: $1,133,095
- Total Liabilities: $1,999,822
- Net Assets: -$866,727
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTICIPANT FEES
Revenue
$1,143,405
SUMMIT TICKET SALES
Revenue
$231,063
Organization Details
Founding Year
2011
Principal Officer
Matthew Swift
Website
www.concordia.netNTEE Category
Code: Q40 - International
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