| Return Reference | Explanation |
|---|---|
| Form 990, Part III, Line 3 | IN 2024, THE ORGANIZATION TRANSITIONED FROM HOSTING LARGE-SCALE ANNUAL MEETINGS TO CONDUCTING SMALLER, PRIVATE CONVERSATIONS AND STRATEGIC PLANNING SESSIONS WITH MEMBERS. THIS CHANGE WAS PART OF AN ORGANIZATIONAL EVALUATION PROCESS TO DETERMINE THE FUTURE DIRECTION OF G50'S PROGRAMMING WHILE MAINTAINING THE CORE MISSION OF FACILITATING DIALOGUE AMONG IBEROAMERICAN BUSINESS LEADERS. THE INTIMATE FORMAT ALLOWED FOR DEEPER STRATEGIC DISCUSSIONS ABOUT THE ORGANIZATION'S EVOLUTION WHILE PRESERVING THE OFF-THE-RECORD, HIGH-LEVEL EXCHANGE OF IDEAS THAT DEFINES G50'S APPROACH. THIS REPRESENTS A TEMPORARY PROGRAMMATIC SHIFT DURING A TRANSITION YEAR AS THE ORGANIZATION ASSESSED AND PLANNED ITS LONG-TERM PROGRAMMING STRATEGY. |
| Form 990, Part VI, Section A, Line 2 | MOISÉS NAÍM (CHAIRMAN) AND ANDRÉS NAÍM (EXECUTIVE DIRECTOR) ARE FATHER AND SON. |
| Form 990, Part VI, Section A, Line 6 | THE GROUP OF 50 (G50) MEMBERSHIP IS COMPRISED OF IBEROAMERICA CEO'S AND ENTREPRENEURS WHO DEMONSTRATE A DEEP COMMITMENT TO ECONOMIC DEVELOPMENT IN THE WESTERN HEMISPHERE THROUGH PHILANTHROPY, INNOVATION, AND LEADERSHIP IN BUSINESS. |
| Form 990, Part VI, Section B, Line 11b | FORM 990 IS REVIEWED BY ALL MEMBERS OF GOVERNING BODY BEFORE IT IS FINALIZED. |
| Form 990, Part VI, Section B, Line 15 | COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER IS BASED ON A REVIEW OF COMPARABLE POSITIONS IN THE DC NON-PROFIT JOB MARKET, AND AN INDEPENDENT ASSESSMENT OF THE COMPENSATION PLAN IS CONDUCTED BY A DC-BASED ATTORNEY WITH EXPERTISE IN NON-PROFIT ORGANIZATIONS. |
| Form 990, Part VI, Section C, Line 19 | GOVERNING AND FINANCIAL DOCUMENTS ARE AVAILABLE UPON REASONABLE REQUEST. |
| Software ID: | 24021167 |
| Software Version: | v1.00 |