THE GLOBAL INSTITUTE ON INNOVATION DISTRICTS INC

EIN: 841811424 501(c)(3) Community Improvement

NEW YORK, NY

Total Revenue
$1,476,197
Total Expenses
$1,282,549
Total Assets
$1,158,499
Net Assets
$1,019,399
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NY
Principal Officer
JULIE WAGNER
Phone
3322842821
Tax Period
2024-07-01 to 2025-06-30

THE GLOBAL INSTITUTE ON INNOVATION DISTRICTS INC, founded in 2019, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 148% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 13% surplus.

Mission

GIID'S MISSION IS TO ADVANCE AND ACCELERATE THE GROWTH OF INNOVATION DISTRICTS WORLDWIDE THROUGH DEEP EMPIRICAL ANALYSIS, HIGHLY TAILORED STRATEGIC SUPPORT, AND THROUGH A GLOBAL NETWORK. THROUGH GIID, WE WILL HELP ACCELERATE HOW INNOVATION DISTRICTS BECOME A MULTIPLIER OF GROWTH: TRANSFORMING LOCAL AND REGIONAL ECONOMIES; DEVELOPING NEW SOLUTIONS FOR COMPLEX PROBLEMS RANGING FROM CANCER TO CLIMATE; AND CREATING NEW LADDRES OF OPPORTUNITY FOR REGIONAL RESIDENTS.

Program Service Accomplishments

Program 1
Expenses: $701,732 Revenue: $149,682

THE WORK OF GIID HAS EXPANDED SIGNIFICANTLY TO ADDRESS THE FAST-CHANGING ECONOMIC AND TECHNOLOGICAL LANDSCAPE. OUR EMPIRICAL WORK EXPANDS TO EVALUATING CLUSTERS OR CONSTELLATIONS OF DISRICTS AND...

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THE WORK OF GIID HAS EXPANDED SIGNIFICANTLY TO ADDRESS THE FAST-CHANGING ECONOMIC AND TECHNOLOGICAL LANDSCAPE. OUR EMPIRICAL WORK EXPANDS TO EVALUATING CLUSTERS OR CONSTELLATIONS OF DISRICTS AND OTHER HUBS ACROSS REGIONS. OUR GLOBAL NETWORK IS DIGGING DEEPER INTO HOW DISTRICTS ARE DRIVING SPECIFIC SOLUTIONS THAT OTHERS SIMPLY CANNOT DELIVER GIVEN THE COMPLEXITY OF THE SCIENCE. OUR STRATEGIC SUPPORT IS EXPANDING DEEPER INTO ADDRESSING HEALTH-BASED CHALLENGES THAT REQUIRE CELLULAR THERAPIES AND RADIOPHARMACOLOGY. GIID, IN OTHER WORDS, IS EXPANDING IN BOTH DEPTH AND BREADTH TO BE CHANGE-AGENTS AT THE GLOBAL SCALE.

Program 2
Expenses: $181,972 Revenue: $168,626

IN APRIL 2025, GIID CONVENED ITS INAGURAL GLOBAL SUMMIT AT THE MONTERREY INNOVATION DISTRICT IN MEXICO. LEADERS OF BOTH LONG-ESTABLISHED AND NEWLY EMERGING DISTRICTS CAME TOGETHER WITH CHANGEMAKERS...

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IN APRIL 2025, GIID CONVENED ITS INAGURAL GLOBAL SUMMIT AT THE MONTERREY INNOVATION DISTRICT IN MEXICO. LEADERS OF BOTH LONG-ESTABLISHED AND NEWLY EMERGING DISTRICTS CAME TOGETHER WITH CHANGEMAKERS AND VISIONARIES FOR THE WORLD'S FIRST LARGE-SCALE GATHERING TAILORED TO THE NEEDS AND AMBITIONS OF THESE DISTINCTIVE URBAN GEOGRAPHIES OF INNOVATION.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,157,889
Program Service Revenue $318,308
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,476,197

Expense Breakdown

Grants Paid $0
Salaries & Benefits $404,928
Fundraising Expenses $216,350
Program Expenses $883,704
Other Expenses $877,621
TOTAL EXPENSES $1,282,549

Year-over-Year Comparison

2024 2023 Change
Revenue $1,476,197 $595,043 +1.5%
Expenses $1,282,549 $971,347 +0.3%
Net Income $193,648 $-376,304 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
5
Employees
N/A
Volunteers
5

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
$388,428
Total Directors
7
$388,428
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS OSHA CHAIR 1.00
Officer Director
$0 $0 $0
JULIE WAGNER VICE-CHAIR (SEE SCHEDULE O) 60.00
Officer Director
$0 $0 $224,928
PAMELA PUCHALSKI SECRETARY 40.00
Officer Director
$163,500 $0 $163,500
GRAYDON PLEASANTS TREASURER 2.00
Officer Director
$0 $0 $0
BRUCE KATZ BOARD MEMBER 1.00
Director
$0 $0 $0
CARRIE KOLASKY BOARD MEMBER 1.00
Director
$0 $0 $0
EITAN KYIET BOARD MEMBER 1.00
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
2025 $1,476,197 $1,282,549 $1,158,499 $193,648
2024 No data No data No data No data
2023 $1,202,803 $936,953 $1,322,105 $265,850
2022 $1,361,535 $746,885 $1,055,318 $614,650
2019 $1,146,789 $18,005 $1,159,664 $1,128,784
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