Group of 50 Foundation Inc

Nonprofit profile at a glance

EIN
271441903
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Washington, DC, USA
Phone
3019225962
Rating
40
Verdict
MIXED
Rating confidence
Moderate
Sector
Chambers of Commerce & Business Leagues

Official website

Reported finances

Revenue
$107,129
Expenses
$371,589
Assets
$2,131,628
Liabilities
$3,179

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

Leadership & pay

4 people listed

Executive titles in this filing

  • MARIANELLA MORALES (EXECUTIVE DIRECTOR UNTIL SEPTEMBER 2024)
  • ANDRES NAIM (EXECUTIVE DIRECTOR SINCE SEPTEMBER 2024)

Highest reported compensation

  • MARIANELLA MORALES (EXECUTIVE DIRECTOR UNTIL SEPTEMBER 2024): $91,819 total reported compensation
  • ANDRES NAIM (EXECUTIVE DIRECTOR SINCE SEPTEMBER 2024): $87,083 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 group of 50 is an independent, non-profit organization and has no partisan, ideological, religious, or commercial affiliations of any kind. Its members are selected not only for the success of their enterprises but also for their commitment to the economic development of the americas and their impeccable reputation for ethical business behavior, the g50 members are also some of the leading philanthropists in the western hemisphere. The g50's private meetings have become leading forums for exchanging ideas and experiences in response to the political, economic, and social trends affecting ibero-america and the world. The group also includes the millennium leaders of the group of 50 (ml50), a select group of entrepreneurs under 40 who are already influential business figures in the region.

What it reported doing in 2024

Member strategic forums and organizational development - the g50 facilitated intimate, off-the-record strategic planning discussions and small-group conversations among select iberoamerican business leaders during 2024. These private forums focused on evaluating the organization's future direction while maintaining the core mission of exchanging ideas on political, economic, and social trends affecting the americas. The organization hosted multiple strategic sessions with members to assess programming approaches and organizational evolution, ensuring continued relevance as a premier forum for high-level business leadership dialogue in the region.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
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

MIXED - 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 a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 78
  • Accountability: 70
  • Sustainability: 32
  • Growth: 20

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: 88.9%; rating input score 89; 5th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 74.1%; rating input score 74; 47th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 18th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -246.9%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 5.74; rating input score 82; 82nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 55; 55th percentile among comparable filings
  • Officer compensation ratio: 48.1%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: -39.1% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: -2.5% per year; rating input score 0; 15th percentile among comparable filings
  • Asset growth: 12.5% per year; rating input score 100; 72nd percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 2 of 3 board members independent · 6 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $265K in reported program spending
  • Leadership: top reported pay $92K · 4 people listed
  • Consistency: 11 of 13 current checks pass · 2 findings to review
  • Schedules: 3 filed schedules · includes grants
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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 — Sustainability: Operating margin scored 1/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Officer compensation ratio scored 4/100.
  • Review — Sustainability: Liabilities to assets ratio scored 55/100.