Globalplatform Inc
Nonprofit profile at a glance
- EIN
- 943335369
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Redwood City, CA, USA
- Phone
- 6502602387
- Rating
- 29
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Engineering and Technology
Reported finances
- Revenue
- $2,420,756
- Expenses
- $2,907,579
- Assets
- $2,420,896
- Liabilities
- $914,515
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Highest reported compensation
- ANA LATTIBEAUDIERE (EXECUTIVE DI): $274,626 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization is a non-profit industry association driven by approximately 100 member companies. Members share a common goal to develop globalplatform's specifications, which are today highly regarded as the international standard for enabling digital services and devices to be trusted and securely managed throughout their lifecycle. Globalplatform protects digital services by standardizing and certifying a security hardware/firmware combination, known as a secure component, which acts as an on-device trust anchor. This facilitates collaboration between service providers and device manufacturers, empowering them to ensure adequate security within all devices to protect against threats. Globalplatform specifications also standardize the secure management of digital services and devices once deployed in the field. Altogether, globalplatform enables convenient and secure digital service delivery to end users, while supporting privacy, regardless of market sector or device type. Devices
What it reported doing in 2024
The organization is an international group formed to combine the interest of secure chip technology product issuers, device manufacturers, product manufacturers, application developers, solution providers, merchants, and users of such activities. The company is advancing multiple application secure chip technology by defining common requirements, specifications and standards for secure chip technology infrastructure.
Operating model
- Revenue model
- Earned-program. 97% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
REVIEW - Most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 39
- Accountability: 84
- Sustainability: 19
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd 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: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -20.1%; rating input score 7; 7th percentile among comparable filings
- Total-asset coverage ratio: 0.83; rating input score 31; 31st percentile among comparable filings
- Liabilities to assets ratio: 0.38; rating input score 28; 28th percentile among comparable filings
- Officer compensation ratio: 9.4%; rating input score 32; 32nd percentile among comparable filings
Growth
- Program expense growth: -0.3% per year; rating input score 0; 13th percentile among comparable filings
- Revenue growth: -3.7% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: -2.4% per year; rating input score 0; 7th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 11 of 11 board members independent · 5 of 8 filing controls reported
- Programs: 2 filed program accomplishments
- Leadership: top reported pay $275K · 12 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.8M reported
- Consistency: 13 of 14 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes foreign activity and executive pay
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- High — Sustainability: Operating margin scored 7/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 28/100.
- Moderate — Sustainability: Officer compensation ratio scored 32/100.