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Group Of 50 Foundation Inc

  • Washington, DC
  • Tax-exempt since Aug. 2011
  • EIN: 27-1441903

Organization summary

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Category: Community Improvement, Capacity Building / Promotion of Business (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$1.15M (2023)

Expenses
$1.09M (2023)

Total Assets
$2.39M (2023)

Total Liabilities
$1.65k (2023)

Source: Form 990 tax filings from 2010 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,145,313
Expenses
$1,088,616
Net Income
$56,697
Net Assets
$2,392,909
Notable Sources of Revenue Percent of Total Revenue
Contributions $388,376
33.9%
Program Services $732,414
63.9%
Investment Income $24,523
2.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $163,357
15.0%
Professional Fundraising Fees $0
Other Salaries and Wages $59,261
5.4%
Assets/Debt
Total Assets $2,394,562
Total Liabilities $1,653
Net Assets $2,392,909
Compensation
Key Employees and Officers Compensation Related Other
Marianella Morales (Executive Director) $108,483 $0 $16,282
Moises Naim (Chairman) $38,591 $0 $0
Andres Naim (Treasurer) $0 $0 $0
Francisco J Gonzalez (Board Member) $0 $0 $0
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Document Links

990
Filed on Sept. 12, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$112,532
Expenses
$470,497
Net Income
-$357,965
Net Assets
$2,336,212
Notable Sources of Revenue Percent of Total Revenue
Contributions $109,429
97.2%
Program Services $2,396
2.1%
Investment Income $685
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $22
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $122,772
26.1%
Professional Fundraising Fees $0
Other Salaries and Wages $95,114
20.2%
Assets/Debt
Total Assets $2,347,116
Total Liabilities $10,904
Net Assets $2,336,212
Compensation
Key Employees and Officers Compensation Related Other
Marianella Morales (Executive Director) $86,759 $0 $14,955
Moises Naim (Founder And Chairman) $36,014 $0 $0
Francisco J Gonzalez (Board Member) $0 $0 $0
Andres Naim (Treasurer) $0 $0 $0
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Document Links

990
Filed on July 24, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$794,958
Expenses
$503,428
Net Income
$291,530
Net Assets
$2,690,540
Notable Sources of Revenue Percent of Total Revenue
Contributions $561,544
70.6%
Program Services $232,610
29.3%
Investment Income $804
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $133,383
26.5%
Professional Fundraising Fees $0
Other Salaries and Wages $133,550
26.5%
Assets/Debt
Total Assets $2,694,195
Total Liabilities $3,655
Net Assets $2,690,540
Compensation
Key Employees and Officers Compensation Related Other
Marianella Morales (Executive Director) $98,310 $0 $10,400
Moises Naim (Founder And Chairman) $33,383 $0 $0
Andres Naim (Treasurer) $0 $0 $0
Francisco J Gonzalez (Board Member) $0 $0 $0
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Document Links

990
Filed on Oct. 17, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$937,375
Expenses
$650,732
Net Income
$286,643
Net Assets
$2,399,010
Notable Sources of Revenue Percent of Total Revenue
Contributions $439,000
46.8%
Program Services $384,032
41.0%
Investment Income $18,097
1.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $96,118
10.3%
Net Inventory Sales $0
Other Revenue $128
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $148,098
22.8%
Professional Fundraising Fees $0
Other Salaries and Wages $236,001
36.3%
Assets/Debt
Total Assets $2,399,010
Total Liabilities $0
Net Assets $2,399,010
Compensation
Key Employees and Officers Compensation Related Other
Andres Naim (Chief Executive Officer) $115,000 $0 $0
Moises Naim (Founder And Chairman) $33,098 $0 $0
Francisco J Gonzalez (Board Member) $0 $0 $0

Document Links

990
Filed on Sept. 17, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,617,733
Expenses
$1,361,331
Net Income
$256,402
Net Assets
$2,164,393
Notable Sources of Revenue Percent of Total Revenue
Contributions $512,060
31.7%
Program Services $1,051,461
65.0%
Investment Income $30,878
1.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $22,302
1.4%
Net Inventory Sales $0
Other Revenue $1,032
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $115,000
8.4%
Professional Fundraising Fees $0
Other Salaries and Wages $246,970
18.1%
Assets/Debt
Total Assets $2,166,762
Total Liabilities $2,369
Net Assets $2,164,393
Compensation
Key Employees and Officers Compensation Related Other
Andres Naim (Chief Executive Officer) $115,000 $0 $0
Moises Naim (Founder And Chairman) $0 $0 $0
Francisco J Gonzalez (Board Member) $0 $0 $0

Document Links

990
Filed on Sept. 28, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,565,609
Expenses
$1,447,164
Net Income
$118,445
Net Assets
$1,763,415
Notable Sources of Revenue Percent of Total Revenue
Contributions $671,617
42.9%
Program Services $913,713
58.4%
Investment Income $24,081
1.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$44,448
Net Inventory Sales $0
Other Revenue $646
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $85,000
5.9%
Professional Fundraising Fees $0
Other Salaries and Wages $224,250
15.5%
Assets/Debt
Total Assets $1,763,609
Total Liabilities $194
Net Assets $1,763,415
Compensation
Key Employees and Officers Compensation Related Other
Andres Naim (Chief Executive Officer) $85,000 $0 $0
Moises Naim (Founder And Chairman) $0 $0 $0
Francisco J Gonzalez (Board Member) $0 $0 $0

Document Links

990
Filed on Aug. 20, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,376,967
Expenses
$1,118,703
Net Income
$258,264
Net Assets
$1,737,519
Notable Sources of Revenue Percent of Total Revenue
Contributions $519,400
37.7%
Program Services $857,356
62.3%
Investment Income $211
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $85,500
7.6%
Professional Fundraising Fees $0
Other Salaries and Wages $266,800
23.8%
Assets/Debt
Total Assets $1,740,713
Total Liabilities $3,194
Net Assets $1,737,519
Compensation
Key Employees and Officers Compensation Related Other
Andres Naim (Chief Executive Officer) $84,770 $0 $0
Moises Naim (Founder And Chairman) $0 $0 $0
Francisco J Gonzalez (Counsel) $0 $0 $0

Document Links

990
Filed on Nov. 9, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,657,346
Expenses
$1,087,832
Net Income
$569,514
Net Assets
$1,479,255
Notable Sources of Revenue Percent of Total Revenue
Contributions $703,362
42.4%
Program Services $953,773
57.5%
Investment Income $211
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $173,558
16.0%
Professional Fundraising Fees $0
Other Salaries and Wages $262,576
24.1%
Assets/Debt
Total Assets $1,485,903
Total Liabilities $6,648
Net Assets $1,479,255
Compensation
Key Employees and Officers Compensation Related Other
Andres Naim (Executive Director) $98,928 $0 $0
Marina Spindler (Former Executive Director/Board Member) $73,558 $0 $0
Francisco J Gonzalez (Counsel) $6,702 $0 $0
Moises Naim (Founder And Chairman) $0 $0 $0
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990
Filed on Oct. 11, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,179,112
Expenses
$992,275
Net Income
$186,837
Net Assets
$909,741
Notable Sources of Revenue Percent of Total Revenue
Contributions $440,396
37.3%
Program Services $738,415
62.6%
Investment Income $301
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $230,000
23.2%
Professional Fundraising Fees $0
Other Salaries and Wages $155,944
15.7%
Assets/Debt
Total Assets $909,741
Total Liabilities $0
Net Assets $909,741
Compensation
Key Employees and Officers Compensation Related Other
Marina Spindler (Prior Executive Director/Board Member) $125,000 $0 $0
Andres Naim (Executive Director) $104,336 $0 $0
Moises Naim (Founder And Chairman) $0 $0 $0
Francisco J Gonzalez (Counsel) $0 $0 $0
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Document Links

990
Filed on Nov. 11, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$891,940
Expenses
$691,892
Net Income
$200,048
Net Assets
$722,904
Notable Sources of Revenue Percent of Total Revenue
Contributions $419,979
47.1%
Program Services $471,647
52.9%
Investment Income $314
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $95,000
13.7%
Professional Fundraising Fees $0
Other Salaries and Wages $157,196
22.7%
Assets/Debt
Total Assets $746,712
Total Liabilities $23,808
Net Assets $722,904
Compensation
Key Employees and Officers Compensation Related Other
Marina Spindler (Executive Director) $95,000 $0 $0
Moises Naim (Chairman) $0 $0 $0
Francisco J Gonzalez (Director) $0 $0 $0

Document Links

990
Filed on Aug. 11, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,149,120
Expenses
$884,464
Net Income
$264,656
Net Assets
$522,856
Notable Sources of Revenue Percent of Total Revenue
Contributions $563,800
49.1%
Program Services $585,320
50.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $105,000
11.9%
Professional Fundraising Fees $0
Other Salaries and Wages $129,963
14.7%
Assets/Debt
Total Assets $532,356
Total Liabilities $9,500
Net Assets $522,856
Compensation
Key Employees and Officers Compensation Related Other
Marina Spindler (Executive Director) $105,000 $0 $0
Moises Naim (Chairman Of The Board) $0 $0 $0
Francisco J Gonzalez (Board Member) $0 $0 $0

Document Links

990
Filed on Aug. 12, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$621,784
Expenses
$603,644
Net Income
$18,140
Net Assets
$258,200
Notable Sources of Revenue Percent of Total Revenue
Contributions $287,169
46.2%
Program Services $334,615
53.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $95,000
15.7%
Professional Fundraising Fees $0
Other Salaries and Wages $83,630
13.9%
Assets/Debt
Total Assets $262,950
Total Liabilities $4,750
Net Assets $258,200

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$617,589
Expenses
$439,354
Net Income
$178,235
Net Assets
$240,060
Notable Sources of Revenue Percent of Total Revenue
Contributions $255,122
41.3%
Program Services $362,467
58.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $71,483
16.3%
Professional Fundraising Fees $0
Other Salaries and Wages $30,628
7.0%
Assets/Debt
Total Assets $257,721
Total Liabilities $17,661
Net Assets $240,060

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$101,652
Expenses
$39,827
Net Income
$61,825
Net Assets
$61,825
Notable Sources of Revenue Percent of Total Revenue
Contributions $26,182
25.8%
Program Services $8,500
8.4%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $64,575
Total Liabilities $2,750
Net Assets $61,825

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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