GSMA Ventures LLC
Nonprofit profile at a glance
- EIN
- 384206894
- IRS 990 coverage
- 2024–2025
- Forms available
- Form 990 2025, Form 990-EZ 2023
- Location
- Atlanta, GA, USA
- Rating
- 33
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $106,281,272
- Expenses
- $33,936,844
- Assets
- $74,356,069
- Liabilities
- $2,251,451
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- JOHN HOFFMAN (Manager and CEO)
Highest reported compensation
- JOHN HOFFMAN (Manager and CEO): $1,717,252 total reported compensation
- LOUISE EASTERBROOK (Manager and CFO): $1,214,801 total reported compensation
- MONIQUE CORMIER (Manager and Secretary): $407,649 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Gsma ventures llc holds, manages and licenses the intellectual property rights associated with the businesses operated by gsma ltd llc and gsma services llc. It also manages those intellectual property assets of the gsm association that are relevant to gsma services llc and gsma ltd llc, including the gsma brand.
What it reported doing in 2025
GSMA Ventures LLC will be the owner of and will manage all GSMA LTD LLC's existing intellectual property assets, as well as any newly generated intellectual property assets created by GSMA Services LLC and GSMA LTD LLC. GSMA Ventures LLC will also manage those intellectual property assets of the GSM Association that are relevant to GSMA Services LLC and GSMA LTD LLC, including the GSMA brand.
Operating model
- Revenue model
- Earned-program. 98% 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 - The filed numbers largely add up and revenue comfortably covers expenses. 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: 62
- Accountability: 37
- Sustainability: 81
- Growth: 60
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; 66th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: 1 of 8 controls in place; rating input score 12
- Claims monitoring procedures: Pass
- Requires narrative reports: Fail
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Fail
- Conducts site visits: Fail
- Requires grant agreements: Fail
- May require repayment: Fail
- Grant itemization coverage: 100%; rating input score 100; 81st percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 68.1%; rating input score 96; 96th percentile among comparable filings
- Total-asset coverage ratio: 2.19; rating input score 52; 52nd percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 86; 86th percentile among comparable filings
- Officer compensation ratio: 0.2%; rating input score 87; 87th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 120% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: 118.7% per year; rating input score 100; 99th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 0 of 3 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $1.7M · 3 people listed · 1 of 6 pay-setting controls reported
- Consistency: 14 of 16 current checks pass · 2 findings to review
- Schedules: 5 filed schedules · includes foreign activity and executive pay
- Filing history: 2 filing years from 2024 to 2025
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 4 filed related-organization links
- 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 — Accountability: Independent voting board scored 0/100.
- High — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Part IX ForeignGrants column sum did not reconcile in the filed values.
- Review — Sustainability: Total-asset coverage ratio scored 52/100.