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Nonprofit · EIN 27-1441903

GROUP OF 50 FOUNDATION INC

Tax-exempt · WASHINGTON, DC 20006

Financials

$1.1M$1.1M2023$107K$372K2024
Revenue Expenses · by fiscal year end
Financials of GROUP OF 50 FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$107,129$371,589-$264,460$2,131,628$3,179$2,128,449
December 31, 2023990$1,145,313$1,088,616$56,697$2,394,562$1,653$2,392,909
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$106,595
Other revenue
$534

Expenses

Grants and similar amounts paid
$13,500
Compensation of officers, directors and key employees
$178,902
Other salaries and wages
$56,273
Salaries, compensation and benefits (total)
$288,625
Professional fundraising fees
$0
Legal fees
$918
Accounting fees
$6,086
Occupancy
$7,754
Travel
$20,332
Depreciation
$1,932

Balance sheet and other

Total assets, start of year
$2,394,562
Total assets, end of year
$2,131,628
Total liabilities, end of year
$3,179
Net assets, end of year
$2,128,449
Land, buildings and equipment
$3,396
Net assets without donor restrictions
$2,128,449
Gross receipts
$107,129
Employees
3
Volunteers
2
Year formed
2009
State of legal domicile
DC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
MARIANELLA MORALESEXECUTIVE DIRECTOR UNTIL SEPTEMBER 2024
Officer
50$78,727$13,092
ANDRES NAIMEXECUTIVE DIRECTOR SINCE SEPTEMBER 2024
Trustee or director, Officer
35$87,083$0
MOISES NAIMCHAIRMAN
Trustee or director, Officer
5$0$0
FRANCISCO J GONZALEZBOARD MEMBER
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensationOther / benefits
MARIANELLA MORALESEXECUTIVE DIRECTOR
Officer
50$108,483$16,282
MOISES NAIMCHAIRMAN
Officer
5$38,591$0
ANDRES NAIMTREASURER
Trustee or director, Officer
5$0$0
FRANCISCO J GONZALEZBOARD MEMBER
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
1725 I ST NW STE 300, WASHINGTON, DC 20006-2423
Principal officer (990 for 2024)
ANDRES NAIM, 1100 15TH ST NW 4TH FLOOR, WASHINGTON, DC 20005
Signed the 990
ANDRES NAIM, EXECUTIVE DIRECTOR
Phone
(301) 922-5962
Return prepared by
EASY OFFICE DBA JITASA

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.

990 for the year ended December 31, 2024

Program accomplishments

  • 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.
    Expenses $185,267 · grants $13,500
  • MEMBER RELATIONS AND NETWORK MAINTENANCE - MAINTAINED ONGOING RELATIONSHIPS WITH G50 AND ML50 (MILLENNIUM LEADERS) MEMBERS THROUGH COMMUNICATIONS, COORDINATION, AND RELATIONSHIP MANAGEMENT ACTIVITIES. THIS INCLUDED PRESERVING THE DYNAMIC NETWORK OF BUSINESS LEADERS COMMITTED TO STRENGTHENING CONNECTIONS BETWEEN THEIR COMMUNITIES AND FACILITATING CONTINUED INFORMAL EXCHANGES OF INNOVATIVE BUSINESS PRACTICES THROUGHOUT IBEROAMERICA.
    Expenses $50,000
  • RESEARCH AND STRATEGIC ANALYSIS - CONDUCTED ORGANIZATIONAL RESEARCH AND ANALYSIS TO INFORM STRATEGIC DECISION-MAKING ABOUT FUTURE PROGRAMMING DIRECTIONS. THIS INCLUDED EVALUATION OF MEMBER NEEDS, ASSESSMENT OF REGIONAL TRENDS AFFECTING IBEROAMERICAN BUSINESS LEADERSHIP, AND DEVELOPMENT OF FRAMEWORKS FOR FUTURE FORUM ACTIVITIES AND ORGANIZATIONAL STRUCTURE.
    Expenses $29,400

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
27-1441903
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
2011
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,131,628
Income (IRS master file)
$107,129

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$107,129$371,589$2,131,628XML
990December 2023$1,145,313$1,088,616$2,394,562XML
990December 2022$112,532$470,497$2,347,116IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-1441903).

Questions about GROUP OF 50 FOUNDATION INC

What is the EIN of GROUP OF 50 FOUNDATION INC?
The employer identification number (EIN) of GROUP OF 50 FOUNDATION INC is 27-1441903.
Is GROUP OF 50 FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2011.
Are donations to GROUP OF 50 FOUNDATION INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does GROUP OF 50 FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of GROUP OF 50 FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GROUP OF 50 FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of GROUP OF 50 FOUNDATION INC?
The 990 for the year ended December 31, 2024 names ANDRES NAIM.
Who are the officers and directors of GROUP OF 50 FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 4 people; 2 received compensation from the organization, the highest $78,727 (MARIANELLA MORALES, EXECUTIVE DIRECTOR UNTIL SEPTEMBER 2024).
How much revenue does GROUP OF 50 FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $107,129, expenses of $371,589 and total assets of $2,131,628 at year end.

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