2025-11-15T14:25:26-06:00 2024-12-31 133217649 RAINES & FISCHER LLP 555 FIFTH AVENUE 9TH FLOOR NEW YORK NY 100172416 990 2024-01-01 261456470 GLASSWING INTERNATIONAL USA INC GLAS 2036590367 85 BROAD STREET FLOOR 17 NEW YORK NY 10004 MARK LOYKA CFO 2036590367 2025-11-15 1 0 WILLIAM L FISCHER P00536061 2129539200 2025-11-14 X 2024 2025-03-06 01:10:19Z MARK LOYKA 85 BROAD STREET FLOOR 17 NEW YORK NY 10004 99529670 0 X GLASSWING.ORG X 2007 NY TO GENERATE AWARENESS AND MOBILIZE RESOURCES IN THE US FOR CHARITABLE PURPOSES IN CENTRAL AMERICA. THESE RESOURCES FUND A VOLUNTEER CENTER IN SAN SALVADOR, WHICH PROVIDES HEALTH CARE, MENTORING, AND AFTER SCHOOL PROGRAMS. 15 14 14 0 0 0 17010121 55296701 0 0 1834676 2224776 0 0 18844797 57521477 16378952 40227239 0 0 866547 1073902 0 0 315832 787696 1114574 18033195 42415715 811602 15105762 40472052 42801321 22318599 9689873 18153453 33111448 TO ADDRESS THE ROOT CAUSES AND CONSEQUENCES OF VIOLENCE AND POVERTY THROUGH EDUCATION AND HEALTH PROGRAMS THAT EMPOWER YOUTH AND COMMUNITIES. 0 0 41011440 40227239 FUNDING VOLUNTEER CENTERS IN CENTRAL AMERICA WHICH PROVIDE INFRASTRUCTURE, HEALTH CARE, MENTORING, AND AFTER SCHOOL PROGRAMS TO LOCAL EDUCATIONAL INSTITUTIONS. 41011440 1 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 13 0 1 14 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 14 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY CT DC NJ FL CA MD VA X RAINES & FISCHER LLP 2129539200 555 FIFTH AVE FL 9 NEW YORK NY 10017 ELIZABETH GRIFFIN DIRECTOR 1.00 X 0 0 0 KENNETH BAKER CEO 10.00 X X 55136 0 0 RODRIGO PINEDA DIRECTOR 1.00 X 0 0 0 ORLANDO MUYSHONDT DIRECTOR 1.00 X 0 0 0 ZITA SAUREL DIRECTOR 1.00 X 0 0 0 ANA MORALES DIRECTOR 1.00 X 0 0 0 EMILIANO ROMAN DIRECTOR, FINANCE COMMITTE 1.00 X 0 0 0 JANA PASQUEL DE SHAPIRO DIRECTOR 1.00 X 0 0 0 CARMEN BUSQUETS DIRECTOR 1.00 X 0 0 0 CELINA SOL DIRECTOR 1.00 X 0 0 0 DIEGO DE SOLA DIRECTOR 1.00 X 0 0 0 JOHN MOORE CHAIRMAN 1.00 X X 0 0 0 JOHN SKIPPER DIRECTOR 1.00 X 0 0 0 SARAH FANDELL DIRECTOR 1.00 X 0 0 0 LUIS CERVANTES DIRECTOR 1.00 X 0 0 0 55136 0 0 2 0 0 0 0 27383 55269318 143916 55296701 2208984 2208984 42023985 42008193 15792 15792 -412406 428198 57521477 -412406 0 2637182 40227239 40227239 55137 19298 35839 909041 541504 367537 27209 15826 11383 8828 5146 3682 73687 42859 30828 7043 7043 16500 16500 93535 93535 301296 301296 147883 147883 70224 70224 104237 41695 62542 55364 5732 49632 7194 7194 18541 18541 OUTSIDE SERVICES 150960 32188 118772 AFTER-SCHOOL EXPENSES 47744 47744 ASSISTANCE FOR RECENT I 32209 32209 DUES & SUBSCRIPTIONS 20291 20291 41553 27017 14536 42415715 41011440 1088443 315832 1138197 3240877 8586183 483133 30741230 39047063 6442 30248 40472052 42801321 3740 47962 22314859 9641911 22318599 9689873 X 7739822 8762910 10413631 24348538 18153453 33111448 40472052 42801321 15105762 -147767 0 X X 0 1 X 1 0 X 6199827 11349797 25092520 17010122 55296701 114948967 6199827 11349797 25092520 17010122 55296701 114948967 0 0 0 114948967 100465 159933 467854 1307668 2205624 4241544 100465 159933 467854 1307668 2205624 4241544 6300292 11509730 25560374 18317790 57502325 119190511 0.96440 0.96800 0.03560 0.03200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 958 SHS ISHARES INC MSCI JAPAN ETF 64282 F 819 SHS ISHARES MSCI EAFE ETF 61925 F 1,940 SHS ISHARES MSCI EMERGING MKTS ETF 81131 F 1,350 SHS ISHARES RUSSELL 1000 VALUE ETF 249926 F 963 SHS VANGUARD INDEX FDS S&P 500 ETF 518874 F 13797.073 SHS MSIF GLOBAL FRANCHISE INST 463030 F 7881.428 SHS MSIF GLOBAL OPPORTUNITY PTF I 275062 F 1097.150 NEUBERGER BERMAN GENESIS INST 71743 F 94,944.131 SHS PGIM HIGH YIELD Z 453833 F 4322.189 SHS PRINCIPAL EQUITY INC I 168781 F 1,000,000 UNITED STATES TREASURY NOTE 11/15/2025 1007808 F 100,000 4.3% BANK OF AMERICA 101483 F 200,000 5.3% GOLDMAN SACHS GROUP INC 199754 F 200,000 5.875% METLIFE INC 203342 F 250,000 5.125% SOUTHWEST AIRLINES 251955 F 250,000 6.0% STANLEY BLACK & DECKER INC 263557 F 300,000 4.375% CIGNA GROUP 296861 F 300,000 4.0% ASTRAZENECA PLC 297319 F 250,000 5.85% GENERAL MOTORS FINANCIAL CO INC 259127 F 250,000 3.25% HOME DEPOT INC 225033 F 300,000 6.3% EBAY INC 320921 F 300,000 5.5% DIAGEO CAPITAL PLC 312613 F 300,000 5.875% CITIGROUP INC. 312628 F 250,000 4.2% COMCAST CORP 232780 F 560 SHS INVESCO S&P 500 EQUAL WEIGHT 98129 F 81SHS VANGUARD MIDCAP GROWTH(ETF) 20554 F 100,000 6.200% HEWLETT PACKARD ENTERPRISE 105702 F 1,800,000 UNITED STATES TREASURY BILL 03/13/2025 1785374 F 100,000 UNITED STATES TREASURY BILL 05/08/2025 98553 F 550,000 UNITED STATES TREASURY BILL 06/12/2025 539826 F 650,000 UNITED STATES TREASURY BILL 06/26/2025 636982 F 2,022.904 SHS REINHART GENESIS PMV ADV 32468 F 3,296,121.379 SHS FEDERATED HRMS INST PRM OBL IS 3297440 F 328,376.946 SHS FEDERATED HRMS INST PRM OBL IS 328508 F 400,000 UNITED STATES TREASURY BILL 01/23/2025 399007 F 850,000 UNITED STATES TREASURY BILL 2/13/2025 845810 F 1,740,000 UNITED STATES TREASURY BILL 3/6/2025 1727283 F 2,000,000 UNITED STATES TREASURY BILL 4/17/2025 1975843 F 1,450,000 UNITED STATES TREASURY BILL 5/8/2025 1429015 F 1,300,000 UNITED STATES TREASURY BILL 5/15/2025 1280177 F 900,000 UNITED STATES TREASURY BILL 6/12/2025 883352 F 2,400,000 UNITED STATES TREASURY BILL 08/07/2025 2340777 F 14,528,495.49 SHS FEDERATED HRMS INST PRM OBL IS 14528495 F 39047063 GRANTS RECEIVED IN ADVANCE 9641911 9641911 X 57280174 -147768 -147768 57427942 93535 93535 57521477 42322180 0 42322180 93535 93535 42415715 PART X, LINE 2: EFFECTIVE JANUARY 1, 2009, GLASSWING USA ADOPTED THE AUTHORITATIVE GUIDANCE FOR UNCERTAINTY IN INCOME TAXES INCLUDED IN ASC 740, INCOME TAXES, AS AMENDED BY ACCOUNTING STANDARDS UPDATE ('ASU') 2009-06, IMPLEMENTATION GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN TAXES AND DISCLOSURES AMENDMENTS FOR NONPUBLIC ENTITIES. THIS GUIDANCE REQUIRES GLASSWING USA TO DETERMINE WHETHER A TAX POSITION OF THE ORGANIZATION IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY, INCLUDING THE RESOLUTION OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE ORGANIZATION DETERMINED THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE FINANCIAL STATEMENT RECOGNITION. THE ORGANIZATION'S TAX RETURNS REMAIN OPEN FOR EXAMINATION BY TAX AUTHORITIES FOR A PERIOD OF THREE YEARS FROM WHEN THEY ARE FILED; THE 2021, 2022 AND 2023 FEDERAL, NEW YORK, CONNECTICUT, FLORIDA, DISTRICT OF COLUMBIA, CALIFORNIA, AND NEW JERSEY TAX RETURNS ARE CURRENTLY OPEN FOR EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS PART XI LINE 2D THE DECREASE IN TOTAL REVENUE FOR THE YEAR IS PRIMARILY ATTRIBUTABLE TO AN UNREALIZED INVESTMENT LOSS. THIS LOSS REFLECTS A DECLINE IN THE MARKET VALUE OF THE ORGANIZATION'S INVESTMENT PORTFOLIO AS OF YEAR-END AND DOES NOT REPRESENT AN ACTUAL CASH LOSS. 1 CENTRAL AMERICA AND THE CARRIBEAN 0 0 PROGRAM SERVICES TO PROVIDE INFRASTRUCTURE, HEALTH CARE, MENTORING, AND AFTER SCHOOL PROGRAMS TO LOCAL EDUCATIONAL INSTITUTIONS. 40227239 0 0 0 0 0 0 40227239 0 40227239 CENTRAL AMERICA AND THE CARRIBEAN TO PROVIDE INFRASTRUCTURE, HEALTH CARE, MENTORING, AND AFTER SCHOOL PROGRAMS TO LOCAL EDUCATIONAL INSTITUTIONS. 40227239 WIRE TRANSFER 0 0 0 0 0 0 0 PART I, LINE 2 THE ORGANIZATION SENDS A REPRESENTATIVE TO THE RECIPIENT ORGANIZATIONS TO OBSERVE AND MONITOR THE ORGANIZATION'S PROGRAMS AND USE OF ITS FUNDS. X 4 116533 FAIR MARKET VALUE 0 0 1 PART I, LINE 32B: GLASSWING INTERNATIONAL USA INC. RECEIVED 179 SHARES OF MICROSOFT, 81 SHARES OF VANGUARD MIDCAP GROWTH, 28 SHARES OF JP MORGAN CHASE & CO, AND 33 SHARES OF MICROSOFT WHICH WERE TRANSFERRED INTO ITS MORGAN STANLEY ACCOUNT AND SUBSEQUENTLY SOLD DURING 2024. FORM 990, PART VI, SECTION A, LINE 2 DIRECTORS KENNETH BAKER AND CELINA DE SOLA ARE MARRIED TO ONE ANOTHER. DIRECTORS CELINA DE SOLA AND DIEGO DE SOLA ARE SIBLINGS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 WAS GIVEN AND REVIEWED BY THE ORGANIZATIONS' GOVERNING BODY BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C PRIOR TO HIS OR HER SERVICE, AND FOR EACH YEAR OF SERVICE THEREAFTER, EACH KEY PERSON MUST SIGN AND SUBMIT TO THE SECRETARY OF GLASSWING A COMPLETED POTENTIAL CONFLICT OF INTEREST DISCLOSURE STATEMENT, WHEREBY SUCH PERSON DISCLOSES IN WRITING THE FOLLOWING, TOGETHER WITH ALL MATERIAL FACTS RELATED THERETO: A. ANY ENTITY OF WHICH SUCH PERSON OR A RELATIVE OF SUCH PERSON IS AN OFFICER, DIRECTOR, TRUSTEE, MEMBER, OWNER (EITHER AS A SOLE PROPRIETOR OR A PARTNER), OR EMPLOYEE AND WITH WHICH GLASSWING HAS A RELATIONSHIP; B. ANY TRANSACTION IN WHICH GLASSWING IS A PARTICIPANT AND IN WHICH SUCH PERSON MIGHT HAVE A CONFLICTING INTEREST; C. ANY FINANCIAL INTEREST SUCH PERSON OR A RELATIVE OF SUCH PERSON MAY HAVE IN ANY CORPORATION, ORGANIZATION, PARTNERSHIP, OR OTHER ENTITY THAT PROVIDES GOODS OR SERVICES TO GLASSWING FOR A FEE OR OTHER COMPENSATION; AND D. ANY POSITION OR OTHER MATERIAL RELATIONSHIP SUCH PERSON OR A RELATIVE OF SUCH PERSON MAY HAVE WITH ANY NOT-FOR-PROFIT CORPORATION WITH WHICH GLASSWING HAS A BUSINESS RELATIONSHIP. EACH DIRECTOR, OFFICER, AND KEY PERSON ANNUALLY SIGN AND SUBMIT TO THE SECRETARY OF GLASSWING A CONFLICT OF INTEREST POLICY CERTIFICATE, WHICH AFFIRMS THAT SUCH PERSON: (A) HAS RECEIVED A COPY OF THIS POLICY; (B) HAS READ AND UNDERSTOOD THIS POLICY; AND (C) HAS AGREED TO COMPLY WITH THIS POLICY. EVERY CALENDAR YEAR, THE BOARD OF DIRECTORS, OR AN AUTHORIZED COMMITTEE THEREOF, REVIEW ALL RELATED PARTY TRANSACTIONS APPROVED AND ENTERED INTO DURING THE PREVIOUS CALENDAR YEAR AND DETERMINE WHETHER ANY SUCH RELATED PARTY TRANSACTIONS WERE IMPROPERLY APPROVED AND IN VIOLATION OF THE EVALUATION PROCEDURES AND APPROVAL REQUIREMENTS. IF BOARD OF DIRECTORS, OR AN AUTHORIZED COMMITTEE THEREOF, DETERMINES THAT THE EVALUATION OR APPROVAL OF ANY RELATED PARTY TRANSACTION WAS IN VIOLATION OF ANY SUCH PROVISIONS, THE BOARD OF DIRECTORS, OR SUCH AUTHORIZED COMMITTEE THEREOF, SHALL TAKE THE FOLLOWING ACTIONS WITHIN A REASONABLE PERIOD OF TIME AFTER SUCH DETERMINATION IS MADE: A. RATIFY ANY RELATED PARTY TRANSACTION THAT THE BOARD, OR AN AUTHORIZED COMMITTEE THEREOF, FINDS, IN GOOD FAITH, TO BE FAIR, REASONABLE, AND IN THE BEST INTERESTS OF GLASSWING AT THE TIME SUCH RELATED PARTY TRANSACTION WAS APPROVED; B. DOCUMENT IN WRITING THE NATURE OF THE POTENTIAL OR ACTUAL FINANCIAL INTEREST AND/OR CONFLICT OF INTEREST AND THE BASIS FOR THE BOARD'S OR AN AUTHORIZED COMMITTEE'S RATIFICATION OF SUCH RELATED PARTY TRANSACTION; AND C. PUT INTO PLACE, AND OVERSEE THE IMPLEMENTATION AND COMPLIANCE OF, AND COMPLIANCE WITH, PROCEDURES TO ENSURE THAT GLASSWING COMPLIES WITH THE RELATED PARTY TRANSACTION EVALUATION PROCEDURES AND APPROVAL REQUIREMENTS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. GLASSWING INTERNATIONAL CALLE LOS EUCALIPTOS 243 COLONIA L SAN SALVADOR ES TO ENCOURAGE BROADER SOCIETAL PARTICIPATION IN IMPROVING QUALITY OF LIFE ES FOREIGN EXEMPT N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 GLASSWING INTERNATIONAL B 40227239 BOOKS AND RECORDS