Go Global NC Council Inc

Nonprofit profile at a glance

EIN
561751280
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Wake Forest, NC, USA
Phone
9193451660
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
International Exchange, N.E.C.

Official website

Reported finances

Revenue
$2,199,739
Expenses
$1,028,705
Assets
$2,999,945
Liabilities
$9,811

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

Leadership & pay

19 people listed

Executive titles in this filing

  • Meredith Henderson (Executive Director)

Highest reported compensation

  • Meredith Henderson (Executive Director): $137,942 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 mission of Go Global NC is connecting North Carolina and the world through programs designed to build the capacity of policy leaders, educators, students, and business and community leaders to enable North Carolina to succeed in a global economy and increasingly interdependent world.

What it reported doing in 2024

Other Programs which include the following.The N.C. Coalition for Global Competitiveness (Coalition)is a collaborative effort of government, academic, non-profit, and business leaders with a focus on international engagement. Founded in 2013 and coordinated by Go Global NC, the Coalition's purpose is to foster thought leadership and serve as a catalyst for our statewide vision for global engagement. In 2015, the Coalition developed a framework, North Carolina's Blueprint for Global Engagement, to guide discussion and inform global engagement policy in NC. The Blueprint was revised and updadted in 2020. The NC Global Adsvantage Forum (Forum)is an annual event of the Coalition. In 2024, the Forum convened 170 leaders from business, education, and government to spotlight how global engagement drives North Carolina's competitiveness and success.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 83% 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

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 48
  • Transparency & Controls: 94
  • Accountability: 95
  • Sustainability: 78
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 39.1%; rating input score 39
  • Program expense ratio: 80%; rating input score 80
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • 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; 63rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • 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: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 53.2%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 2.92; rating input score 73; 73rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 90; 90th percentile among comparable filings
  • Officer compensation ratio: 13.4%; rating input score 22; 22nd percentile among comparable filings

Growth

  • Program expense growth: -1.8% per year; rating input score 0; 9th percentile among comparable filings
  • Revenue growth: 8.8% per year; rating input score 100; 63rd percentile among comparable filings
  • Asset growth: 12.1% per year; rating input score 100; 66th percentile among comparable filings

Details

  • Where the money goes: 39.1% of revenue deployed · 80% of spending went to programs
  • Governance: 18 of 18 board members independent · 7 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $823K in reported program spending
  • Leadership: top reported pay $138K · 19 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 14 filing years from 2010 to 2024
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 39/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Accountability: Governance controls: Audit committee oversight not reported.
  • High — Sustainability: Officer compensation ratio scored 22/100.