Global Entrepreneurship Network

Nonprofit profile at a glance

EIN
522315929
IRS 990 coverage
2012–2023
Forms available
Form 990 2023
Location
Arlington, VA, USA
Phone
2026834100
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Education N.E.C.

Official website

Reported finances

Revenue
$17,823,153
Expenses
$15,431,170
Assets
$11,338,046
Liabilities
$4,681,853

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • JONATHAN ORTMANS (PRESIDENT/DI)

Highest reported compensation

  • JONATHAN ORTMANS (PRESIDENT/DI): $616,124 total reported compensation
  • MARK MARICH (EXEC. VICE P): $232,939 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The global entrepreneurship network operates programs in 180 countries aimed at making it easier for anyone, anywhere to start and scale a business. By fostering deeper cross-border collaboration between entrepreneurs, researchers, policymakers and entrepreneurial support organizations, gen works to fuel healthier start and scale ecosystems that create more jobs, educate individuals, accelerate innovation and strengthen economic growth. Gen ensures members have uncommon access to the most relevant knowledge, networks, communities and programs. A major focus of gen's work is in identifying and removing barriers to entrepreneurship faced by historically underrepresented communities, including economically disadvantaged communities at risk of deterioration lgbtq+, women, latinx, black and veterans communities. With most net new jobs coming from firms less than 5 years old, gen works to foster more inclusive and sustainable entrepreneurial ecosystems that can assist in reducing the burden o

What it reported doing in 2023

Gen policy: gen policy brings governments closer to firm founders and the organizations and ecosystems that support them at all stages of the public policy and program lifecycle, from identifying barriers to implementing solutions, offering opportunities for policy dialogue and peer advice, and sourcing evidence-based recommendations that can drive smart policy design and implementation gen also provides live events, including the global entrepreneurship congress (gec). The gec is a gathering of startup champions from around the world - where entrepreneurs, investors, entrepreneurial support organizations, researchers, thought leaders and policymakers share program and policy ideas and work together to bring ideas to life, drive economic growth and expand human welfare.

Operating model

Revenue model
Donor-supported. 97% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 69% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 68
  • Accountability: 84
  • Sustainability: 53
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.9%; rating input score 86
  • Program expense ratio: 99.2%; rating input score 99
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 6th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 13.4%; rating input score 76; 76th percentile among comparable filings
  • Total-asset coverage ratio: 0.73; rating input score 26; 26th percentile among comparable filings
  • Liabilities to assets ratio: 0.41; rating input score 37; 37th percentile among comparable filings
  • Officer compensation ratio: 5.5%; rating input score 44; 44th percentile among comparable filings

Growth

  • Program expense growth: 24.1% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: 23.5% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 18.4% per year; rating input score 100; 86th percentile among comparable filings

Details

  • Where the money goes: 85.9% of revenue deployed · 99.2% of spending went to programs
  • Governance: 9 of 9 board members independent · 5 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $15.3M in reported program spending
  • Leadership: top reported pay $616K · 10 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 25 of 25 current checks pass
  • Schedules: 5 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 10 filing years from 2012 to 2023
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.

Key Signals

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

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 26/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 37/100.
  • Moderate — Sustainability: Officer compensation ratio scored 44/100.