GLOBAL INITIATIVE FOR ECONOMIC SOCIAL AND CULTURAL RIGHTS

EIN: 273685756 501(c)(3) International Affairs

MINNEAPOLIS, MN

Total Revenue
$1,523,230
Total Expenses
$1,081,797
Total Assets
$2,081,333
Net Assets
$2,025,512
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
MN
Principal Officer
MAGDALENA SEPULVEDA CARMO
Phone
8507452392
Tax Period
2023-01-01 to 2023-12-31

GLOBAL INITIATIVE FOR ECONOMIC SOCIAL AND CULTURAL RIGHTS, founded in 2010, is a community nonprofit in the International Affairs sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 106% from the prior year, signaling strong growth momentum. The organization ran a surplus of $441K, a strong 29% operating margin.

Mission

ENABLE EVERY PERSON AND COMMUNITY TO ENJOY THEIR ECONOMIC, SOCIAL AND CULTURAL RIGHTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,506,524
Program Service Revenue $0
Investment Income $7,850
Other Revenue $8,856
TOTAL REVENUE $1,523,230

Expense Breakdown

Grants Paid $58,555
Salaries & Benefits $279,200
Fundraising Expenses $27,583
Program Expenses $950,794
Other Expenses $744,042
TOTAL EXPENSES $1,081,797

Year-over-Year Comparison

2023 2022 Change
Revenue $1,523,230 $739,899 +1.1%
Expenses $1,081,797 $1,172,252 -0.1%
Net Income $441,433 $-432,353 -2.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$303,990
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARCOS ORELLANA CHAIR 0.50
Officer Director
$0 $0 $0
RACHEL MOUSSIE BOARD MEMBER / CHAIR 0.50
Director
$0 $0 $0
ALLAN MALECHE VICE CHAIR 0.50
Officer Director
$0 $0 $0
KATE DONALD SECRETARY 0.50
Officer Director
$0 $0 $0
JOSE FIOCCA TREASURER / BOARD MEMBER 0.50
Officer Director
$0 $0 $0
DARIA ROACH BOARD MEMBER / TREASURER 0.50
Director
$0 $0 $0
RADHIKA BALAKRISHNAN BOARD MEMBER 0.50
Director
$0 $0 $0
MAGDALENA SEPULVEDA CARMONA EXECUTIVE DIRECTOR 40.00
Officer
$180,000 $20,062 $200,062
JOSE ANTONIO GUEVARA DEPUTY DIRECTOR 40.00
Officer
$99,200 $4,728 $103,928
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,523,230 $1,081,797 $2,081,333 $441,433
2022 $739,899 $1,172,252 $1,615,662 $-432,353
2021 $1,768,109 $824,435 $2,054,562 $943,674
2020 $1,193,149 $662,168 $1,111,651 $530,981
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