Us Global Impact Corporation
Nonprofit profile at a glance
- EIN
- 841931172
- IRS 990-EZ coverage
- 2021–2024
- Forms available
- Form 990-EZ 2024
- Location
- Mountain Lks, NJ, USA
- Phone
- 9734525725
- Rating
- 95
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Adult, Continuing Education
Reported finances
- Revenue
- $133,765
- Expenses
- $129,600
- Assets
- $4,165
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- JOHN-PAUL PARMIGIANI (PRESIDENT)
People named in this filing
- JOHN-PAUL PARMIGIANI (PRESIDENT)
- WILLIAM SENYO (SECRETARY)
- MOHAMMED FAISAL (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We believe the New York metropolitan area can lead the global impact ecosystem's achievement of the 2030 sustainable development goals. New yorkers have the talent and ambition to solve local and global challenges, but need support curating strong networks for learning and resources. Collaboration helps ideas take off, and strong communites help changemakers sharpen their models - while ensuring capital is directed effectively.
What it reported doing in 2024
In 2024 we are proud to have hosted approximately 150 community activities, which included skill development workshops, social topic discussions, networking opportunities and other engagements designed to support impactful and aspiring entrepreneurs and innovators. These activities focused on a broad range of topics such as technology, reducing poverty, wellness, climate action, global scaling, and business development. These activities were hosted and organized at our innovation centers in morristown, nj and New York city. We also organized or managed numerous programs such as the community lab, an accelerator program supporting innovators creating more access to sports and wellness (in partnership with adidas), and exchange programs between local entrepreneurs and visiting innovators from different parts of the world. We worked with princeton university to develop a community and research project around impact investment practices, so we can better align outstanding community members with resources to grow their business and nonprofit ideas. Throughout the year we hosted approximately 100 community members to work and collaborate at our innovation spaces in New Jersey and New York.
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 100% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 98
- Transparency & Controls: 100
- Sustainability: 38
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96.9%; rating input score 97
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 3.1%; rating input score 43; 43rd percentile among comparable filings
- Total-asset coverage ratio: 0.03; rating input score 6; 6th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 45.3% per year; rating input score 100; 90th percentile among comparable filings
- Revenue growth: 42.2% per year; rating input score 100; 94th percentile among comparable filings
- Asset growth: -27.9% per year; rating input score 0; 5th percentile among comparable filings
Details
- Where the money goes: 96.9% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $130K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- 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 — Sustainability: Total-asset coverage ratio scored 6/100.
- Moderate — Sustainability: Operating margin scored 43/100.
- High — Growth: Asset growth scored 0/100.