Global Solidarity Fund

EIN: 831078006 501(c)(3) International Affairs

Washington, DC

Total Revenue
$68,907
Total Expenses
$3,783,859
Total Assets
$550,289
Net Assets
$462,249
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
DE
Principal Officer
PATRICK MCGRORY
Phone
8008364620
Tax Period
2024-01-01 to 2024-12-31

Global Solidarity Fund, founded in 2018, is a micro nonprofit in the International Affairs sector that reported $69K in total revenue in fiscal year 2024. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $3.8M exceeded revenue, resulting in a 5391% operating deficit.

Mission

THE GLOBAL SOLIDARITY FUND (GSF) IS A UNIQUE PARTNERSHIP OF ORGANIZATIONS WORKING FOR INTEGRAL HUMAN DEVELOPMENT COMMITTED TO CREATING SYSTEMIC CHANGE AT THE GRASSROOTS LEVEL, IN ORDER TO UNLOCK SOCIAL AND ECONOMIC OPPORTUNITIES THAT EMPOWER THE POOR AND VULNERABLE. WE DO THIS THROUGH ACTIVATING AND LINKING CATHOLIC NETWORKS AND LIKEMINDED ENTITIES AND OTHER GLOBAL ACTORS, IN WAYS THAT REFLECT CATHOLIC SOCIAL TEACHING AND THE GLOBAL GOALS.

Program Service Accomplishments

Program 1
Expenses: $3,344,797 Revenue: $0

THE GSF'S MAIN AREAS OF FOCUS WILL BE WOMEN AND GIRLS, FAMILIES, AND HEALTH CARE. WITHIN THIS FRAMEWORK THERE ARE FOUR STRATEGIC PILLARS OF WORK: GLOBAL HEALTH, INCLUDING BUT NOT EXCLUSIVELY...

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THE GSF'S MAIN AREAS OF FOCUS WILL BE WOMEN AND GIRLS, FAMILIES, AND HEALTH CARE. WITHIN THIS FRAMEWORK THERE ARE FOUR STRATEGIC PILLARS OF WORK: GLOBAL HEALTH, INCLUDING BUT NOT EXCLUSIVELY NONCOMMUNICABLE DISEASES -CAPACITY BUILDING -PEOPLE ON THE MOVE/DISPLACED PEOPLE, WITH A SPECIFIC FOCUS ON FAMILY AND CHILD PROTECTION ENTREPRENEURSHIP/JOB CREATION, WITH EMPHASIS ON UNLOCKING ECONOMIC OPPORTUNITIES FOR WOMEN AND GIRLS. THE GSF IS COMMITTED TO ENSURING A DATA-DRIVEN AND DATA-SUPPORTED IMPLEMENTATION, AS WELL AS A STRATEGIC APPROACH GUIDED BY FILLING EXISTING GAPS AND MAXIMIZING RESULTS OF EXISTING NETWORKS CREATING NEW ENTITIES. IN 2024, THE GLOBAL SOLIDARITY FUND EXPANDED THEIR PROGRAMME SUPPORT ON A VISION OF A WORLD WHERE EVERYONE HAS ACCESS TO SOCIAL AND ECONOMIC OPPORTUNITY AND A HEALTHY LIFE, AND WHERE ESSENTIAL HUMAN DIGNITY IS FULLY RESPECTED. THE GSF ORGANIZATION'S FIRST STREAM OF WORK IS TO CONNECT CATHOLIC NETWORKS WITH PARTNERS TO DRIVE SYSTEMIC CHANGE FOR THE MOST VULNERABLE, STARTING WITH MIGRANTS, ESPECIALLY WOMEN AND CHILDREN. IN 2024, GSF WORKED WITH THEIR LOCAL PARTNERS TO EXPAND THEIR EFFORTS IN ETHIOPIA AND STARTED SIMILAR INITIATIVES IN COLOMBIA AND NIGERIA. THESE PROJECTS LAUNCHED AN INTEGRATED APPROACH WITH CONGREGATIONS THAT COMBINES ECONOMIC EMPOWERMENT AND JOB CREATION, HEALTH, AND EDUCATION FOR THE POOREST AND MOST VULNERABLE, WITH A SPECIAL FOCUS ON WOMEN AND FAMILIES. THE GSF ORGANIZATION'S SECOND STREAM OF WORK IS TO FOCUS ITS EFFORTS IN CREATING PARTNERSHIPS AND OPPORTUNITIES THAT FURTHER EMPOWER CATHOLIC SISTERS' LEADERSHIP TO SHAPE DEVELOPMENT EFFORTS FOR THOSE IN NEED. TO IMPROVE THE RECOGNITION OF WOMEN RELIGIOUS' WORK, 2 POLICY PAPERS WERE PRODUCED TO STRENGHTEN THE SISTERS' ADVOCACY EFFORTS AGAINST HUMAN TRAFFICKING AND PROTECTING THE ENVIRONMENT IN LINE WITH THE COP27 EVENT IN LATE 2024. THE GSF ORGANIZATION'S THIRD STREAM OF WORK IS TO BUILD ALLIANCES AND TELL THE STORY OF THE CATHOLIC CHURCH'S DEVELOPMENT CONTRIBUTION. THE GSF HAS RESPONDED TO THE CALL TO ACTION WITH URGENCY, WITH ITS NETWORK DRAWING FROM ITS DIVERSE STRENGTHS TO SUPPORT THIS LEADERSHIP VIA THE FOLLOWING ACTIONS: A. LAUDATO SI MOVEMENT - A CAMPAIGN FOR THE LAUNCH OF A DOCUMENTARY, DEVELOPED IN PARTNERSHIP WITH THE VATICAN, FOCUSING ON CLIMATE CHANGE. B. VOICES OF THE MIGRANTS - A CAMPAIGN TO COMMUNICATE THE PROJECTS UNDER THE CARE OF WOMEN AND MEN RELIGIOUS AND MISSIONARIES IN ORDER TO PROMOTE MIGRANT PEOPLE'S INCLUSION IN THE WORK FIELD.

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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 $63,421
Program Service Revenue $0
Investment Income $0
Other Revenue $5,486
TOTAL REVENUE $68,907

Expense Breakdown

Grants Paid $2,780,512
Salaries & Benefits $502,677
Fundraising Expenses $70,000
Program Expenses $3,344,797
Other Expenses $430,670
TOTAL EXPENSES $3,783,859

Year-over-Year Comparison

2024 2023 Change
Revenue $68,907 $413,249 -0.8%
Expenses $3,783,859 $2,821,011 +0.3%
Net Income $-3,714,952 $-2,407,762 +0.5%
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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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
1
Independent Members
N/A
Employees
N/A
Volunteers
6

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
4
$49,959
Total Directors
7
$49,959
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICK W MCGRORY PRESIDENT & DIRECTOR 40.0
Officer Director
$49,959 $0 $49,959
SUSAN M HUBER CHAIR & DIR. (RESIGNED 2024) 1.0
Officer Director
$0 $0 $0
JOANNE DRIELS SECRETARY (RESIGNED 2024) 1.0
Officer Director
$0 $0 $0
TIMOTHY WELSH TRES. & DIR. (RESIGNED 2024) 1.0
Officer Director
$0 $0 $0
ANTHONY R TERSIGNI DIRECTOR (RESIGNED 2024) 1.0
Director
$0 $0 $0
SR JANE WAKAHIU DIRECTOR (RESIGNED 2024) 1.0
Director
$0 $0 $0
KERRY MEDEK DIRECTOR (RESIGNED 2024) 1.0
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 $68,907 $3,783,859 $550,289 $-3,714,952
2023 $413,249 $2,821,011 $4,659,216 $-2,407,762
2022 $3,912,854 $7,588,334 $8,261,148 $-3,675,480
2021 $12,623,709 $3,916,372 $12,951,115 $8,707,337
2020 $4,519,997 $6,605,299 $5,045,536 $-2,085,302
2019 $1,581,739 $1,042,252 $4,807,167 $539,487
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