Concordia Summit Inc

Nonprofit profile at a glance

EIN
275121564
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
New York, NY, USA
Phone
6465681251
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
International Peace and Security

Official website

Reported finances

Revenue
$7,125,412
Expenses
$9,405,099
Assets
$2,800,796
Liabilities
$6,542,516

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • MATTHEW SWIFT (PRESIDENT/EXECUTIVE DIRECT)

Highest reported compensation

  • MATTHEW SWIFT (PRESIDENT/EXECUTIVE DIRECT): $130,000 total reported compensation
  • GURDIP PAINTAL (TREASURER): $115,000 total reported compensation
  • HANNE DALMUT (SENIOR DIRECTOR, PARTNERSHIPS): $109,891 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Concordia is a registered 501(c)(3) nonprofit organization that enables public-private partnerships to create a more prosperous and sustainable future. As equal parts convener, campaigner, and idea incubator, concordia is creating a new model for how a nonpartisan, nonprofit can have a global impact.

What it reported doing in 2024

Concordia fosters meaningful dialogue, sparks collaboration, and inspires collective action by way of diverse, innovative, and action-oriented programming. Concordia members, programming partners, and programming sponsors connect and collaborate year-round to bring our community together to share best practices, incubate ideas, identify research needs, and explore new opportunities for partnerships. Concordia partnerships involve two or more entities coming together around a shared challenge. Radically inclusive in nature, our partnerships drive forward understanding through collaborative dialogue expertly designed to spur activity and launch initiatives that achieve social impact. These initiatives are rooted in the foundational best practices of partnerships to scale. Concordia members lie at the heart of our mission. Being part of the concordia community means the ability to utilize exclusive networking opportunities. It also means enhanced access to our signature annual summit and our regional initiatives, as well as to smaller, curated year-round events. Through concordia, members have access to a platform through which to pursue unique areas of interest.

Operating model

Revenue model
Donor-supported. 61% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 86
  • Accountability: 72
  • Sustainability: 11
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 87.9%; rating input score 88
  • Fundraising efficiency: $9.05 raised per $1 spent on fundraising; rating input score 34; 34th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 10th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 75%; rating input score 75; 13th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -32%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 0.3; rating input score 9; 9th percentile among comparable filings
  • Liabilities to assets ratio: 2.34; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 4.7%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 8.8% per year; rating input score 100; 59th percentile among comparable filings
  • Revenue growth: 10% per year; rating input score 100; 68th percentile among comparable filings
  • Asset growth: 12.9% per year; rating input score 100; 69th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 87.9% of spending went to programs
  • Governance: 9 of 12 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $8.3M in reported program spending
  • Leadership: top reported pay $130K · 13 people listed
  • Highest-paid contractors: 1 contractor listed · $319K reported
  • Consistency: 27 of 28 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 11 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 34/100.
  • High — Sustainability: Operating margin scored 4/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 9/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.