Institute for Global Affairs Inc

EIN: 811614189 501(c)(3) International Affairs

New York, NY

Total Revenue
$1,161,293
Total Expenses
$1,177,256
Total Assets
$679,725
Net Assets
$611,038
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
DE
Principal Officer
MARK HANNAH
Phone
2027653177
Tax Period
2024-01-01 to 2024-12-31

Institute for Global Affairs Inc, founded in 2016, is a community nonprofit in the International Affairs sector that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

Institute for Global Affairs (IGA) is a nonpartisan, nonprofit organization that works to increase awareness and understanding of geopolitics and global affairs, particularly among young people and marginalized and underrepresented groups, in the United States and globally.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,136,824
Program Service Revenue $0
Investment Income $24,469
Other Revenue $0
TOTAL REVENUE $1,161,293

Expense Breakdown

Grants Paid $0
Salaries & Benefits $833,807
Fundraising Expenses $111
Program Expenses $674,387
Other Expenses $343,449
TOTAL EXPENSES $1,177,256

Year-over-Year Comparison

2024 2023 Change
Revenue $1,161,293 $1,275,394 -0.1%
Expenses $1,177,256 $1,379,093 -0.1%
Net Income $-15,963 $-103,699 -0.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
9
Employees
7
Volunteers
10

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
3
$329,246
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mark Hannah Exec. Director 9/24 to 12/24 40.0
Officer
$278,333 $50,913 $329,246
Allyn Summa Exec. Director 1/24 to 9/24 40.0
$173,600 $20,847 $194,447
IAN BREMMER Board President 5.0
Officer Director
$0 $0 $0
ZACHARY KARABELL BOARD CHAIR 0.5
Officer Director
$0 $0 $0
SALLIE KRAWCHECK Director 0.5
Director
$0 $0 $0
BETTY LIU Director 0.5
Director
$0 $0 $0
MAZIAR MINOVI Director 0.5
Director
$0 $0 $0
NIKO PFUND Director 0.5
Director
$0 $0 $0
JOE SCHOENDORF Director 0.5
Director
$0 $0 $0
LUCAS WITTMANN DIRECTOR 0.5
Director
$0 $0 $0
GREGORY BOYLE Director 0.5
Director
$0 $0 $0
RICHARD LORENZEN Director (THRU 12/31/2024) 0.5
Director
$0 $0 $0
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 $1,161,293 $1,177,256 $679,725 $-15,963
2023 $1,275,394 $1,379,093 $712,185 $-103,699
2022 $1,315,505 $1,249,323 $776,709 $66,182
2021 $1,068,150 $976,740 $704,541 $91,410
2020 $575,230 $821,404 $603,745 $-246,174
2019 $495,553 $737,979 $824,403 $-242,426
2018 $359,526 $772,350 $1,083,759 $-412,824
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