Overview
What is Global Compact Network Usa Inc?
Global Compact Network USA is a prominent nonprofit organization based in New York City, specifically at 685 Third Avenue. Their primary mission is to serve as a platform, bringing together American companies that are signatories to the United Nations Global Compact and various stakeholders, such as the public sector, civil society, labor, academia, and other spheres. Their goal is to advance the ten principles of the UN Global Compact, which focus on human rights, labor standards, environmental responsibility, and anti-corruption. Through virtual events and forums, they promote awareness and share best practices related to these principles, as well as the United Nations Sustainable Development goals, and topics like gender equality and climate action. With a modest workforce of five employees, Global Compact Network USA plays a significant role in fostering corporate sustainability and responsible business practices in the United States.
Official website here: www.globalcompactusa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, Two-Star out of Four Star rating
Global Compact Network USA Inc has received a Two-Star rating from Charity Navigator, indicating that it meets basic standards but has room for improvement in accountability and transparency. The organization has a high score for its independent board members, with 100% of its board being independent, and it demonstrates strong financial oversight with no material diversions of assets reported.
However, there are notable weaknesses in the nonprofit's governance practices. The organization is missing a whistleblower policy and lacks a document retention and destruction policy, which could raise concerns about accountability. Additionally, while the program expense ratio is at 55.92%, this is relatively low compared to expectations, suggesting that a greater percentage of funds may not be directed towards programs and services.
This AI summary has been generated from information found on Charity Navigator.
Is Global Compact Network Usa Inc legitimate?
Global Compact Network Usa Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Global Compact Network Usa 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: $317,327
Professional Fundraising Fees: $0
Other Salaries and Wages: $693,725
For more financial information, click here
Official website here: www.globalcompactusa.org
What is the mission statement of Global Compact Network Usa Inc?
The Global Compact Network USA serves as a platform to bring together American-based companies and units of foreign companies that are signatories of the United Nations Global Compact with various stakeholders. Their mission is to advance the ten principles of the United Nations Global Compact through collaborative efforts with public sector entities, civil society organizations, labor groups, academic institutions, and other spheres. By organizing virtual events, Global Compact Network USA fosters awareness and the exchange of best practices related to the UN Global Compact's Ten Principles, the United Nations Sustainable Development goals, and topics such as gender equality and climate action.
Official website here: www.globalcompactusa.org
What is the revenue of Global Compact Network Usa Inc?
Global Compact Network Usa Inc's revenue in 2023 was $2,489,724.
Official website here: www.globalcompactusa.org
Who are the executives of Global Compact Network Usa Inc and what are their salaries?
The average compensation at Global Compact Network Usa Inc during 2023 was $72,218. There are 14 employees and 12 volunteers at Global Compact Network Usa Inc.
Here are 16 key members and their salaries:
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- Compensation: $195,000
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Official website here: www.globalcompactusa.org
Where can I find the form 990 for Global Compact Network Usa Inc?
Global Compact Network Usa Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.globalcompactusa.org
Learn more at the official website: www.globalcompactusa.org
Mission Statement of Global Compact Network Usa Inc
Global Compact Network USA serves as a platform, bringing together U.S.-based signatories of the United Nations Global Compact and various stakeholders. This organization's mission is to foster collaboration between these companies and diverse sectors such as the public sector, civil society, labor, academia, and others. The primary objective is to advance the principles of the United Nations Global Compact, which encompasses ten ethical standards. By facilitating these multi-stakeholder forums, Global Compact Network USA promotes awareness and the exchange of best practices related to these principles, the United Nations Sustainable Development goals, and topics like gender equality and climate action.
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Impact
July, 2024
Global Compact Network USA Inc plays a pivotal role in convening U.S.-based signatory companies of the United Nations Global Compact with stakeholders from various sectors to advance the ten UNGC principles. The organization's virtual events serve as important platforms that promote awareness, facilitate collaboration, and encourage the sharing of best practices related to corporate sustainability, the UN Global Compact's principles, the UN Sustainable Development Goals, and critical topics such as gender equality and climate action. By serving as a forum for dialogue and action, Global Compact Network USA Inc contributes significantly to the advancement of sustainable business practices and global development goals.
This information is meant to be a general summary of Global Compact Network Usa 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: $36,315
- Gross Receipts: $2,952,380
Assets and Liabilities:
- Total Assets: $3,005,921
- Total Liabilities: $854,132
- Net Assets: $2,151,789
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Organization Details
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