2021-11-08T07:42:29-06:00 2020-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2020-01-01 141945286 THE GLOBAL DEVELOPMENT INCUBATOR INC GLOB 2029877700 1401 K STREET NW NO 900 WASHINGTON DC 20005 ELIZABETH VANDERWOUDE TREASURER 2029877700 2021-11-08 1 ELIZABETH VANDERWOUDE 999009999 AARON M FOX P01365820 2022274000 2021-11-05 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z ANDREW STERN 1401 K STREET NW NO 900 WASHINGTON DC 20005 13078400 0 X WWW.GLOBALDEVINCUBATOR.ORG X 2005 NY DESIGN AND LAUNCH SERVICES FOR NEW SOCIAL IMPACT ORGANIZATIONS AND PARTNERSHIPS. 6 6 47 0 0 0 9124879 10111208 4712040 2920346 16867 2599 143310 44247 13997096 13078400 2554397 5019630 0 0 4750173 4874213 0 0 0 7902719 4625080 15207289 14518923 -1210193 -1440523 11737200 12937597 3451432 6592352 8285768 6345245 THE GLOBAL DEVELOPMENT INCUBATOR, INC. (GDI) PROVIDES STRATEGIC, OPERATIONAL, PROGRAMMATIC, AND IMPLEMENTATION SUPPORT SERVICES TO BUILD STARTUPS AND PARTNERSHIPS DRIVING SOCIAL IMPACT AROUND THE WORLD. 0 0 5043993 5019630 2920346 HEALTH: (E.G. IDSI, LEAPFROG TO VALUE, HEALTH ENABLED, THI, MENTAL HEALTH, GDHI, BUSINESS FOR HEALTH SOLUTIONS)GDI'S HEALTH FOCUS AREA CUTS ACROSS ISSUES RANGING FROM MENTAL HEALTH TO COMMUNITY LIVELIHOODS, DIGITAL HEALTH SYSTEMS, AND EVERYTHING IN BETWEEN. THIS YEAR, GDI IS GRADUATING CITIESRISE, A MULTI-STAKEHOLDER INITIATIVE ADDRESSING THE RISING TIDE OF MENTAL HEALTH ISSUES AMONG YOUNG PEOPLE. THROUGH CITIESRISE, GDI HAS BROUGHT TOGETHER FUNDERS, CITY LEADERS, ACADEMICS, AND HEALTHCARE PROFESSIONALS WHO PREVIOUSLY DID NOT COORDINATE, AND EMPOWER EACH TO PLAY A ROLE IN SUPPORTING MENTAL HEALTH AMONG YOUNG PEOPLE - A CRITICAL, BUT OFTEN IGNORED, AREA OF HEALTH. 4944355 AGRICULTURE FINANCE: (E.G. ACELI AFRICA, CSAF, ISF, RAF LL)GDI'S AGRICULTURE FINANCE FOCUS AREA AIMS TO ADDRESS CHALLENGES IN THE AGRICULTURE, SUSTAINABILITY, AND CLIMATE SECTORS. GDI SUPPORTED ISF ADVISORS AND THE RAF LEARNING LAB IN PUBLISHING LEADING RESEARCH ON THE IMPACTS OF COVID-19 ON SMALLHOLDER FARMERS, AGRICULTURAL MARKETS, AND GLOBAL FOOD SECURITY. THIS EMERGENCY RESEARCH SERIES HAS RECEIVED OVER 9,000 VIEWS TO DATE. GDI ALSO LAUNCHED ACELI AFRICA, A FIRST OF ITS KIND MARKET INCENTIVE FACILITY ALIGNING CAPITAL SUPPLY AND DEMAND TO MOBILIZE $700M IN LENDING TO AGRICULTURAL SMALL AND MEDIUM ENTERPRISES BY 2025. 2874267 MARGINALIZED POPULATIONS: (E.G. WOWE, GFEMS, REFUGEE INVESTMENT NETWORK)GDI'S MARGINALIZED POPULATIONS FOCUS AREA WORKS TO ADVANCE LIVELIHOODS, LEADERSHIP, AND YOUTH DEVELOPMENT ACROSS SECTORS AND REGIONS. GDI SUPPORTS THE GLOBAL FUND TO END MODERN SLAVERY IN STRATEGIC PROGRAMS TO ENSURE EFFICIENT LEARNING, ADAPTATION, KNOWLEDGE SHARING AND FORWARD PLANNING ACROSS TEAMS & DONORS, AND SHAPES GFEMS ORGANIZATIONAL STRATEGY IN RESPONSE TO THE COVID-19 PANDEMIC. 12862615 1 1 0 0 0 0 0 0 1 0 1 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 51 0 1 47 1 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X ELIZABETH VANDERWOUDE 2026705998 1401 K STREET NW NO 900 WASHINGTON DC 20005 NAZANIN ASH BOARD DIRECTOR 2.00 X 0 0 0 SHASHI BULUSWAR BOARD DIRECTOR 2.00 X 0 0 0 ELCHE NOWROJI BOARD DIRECTOR 2.00 X 0 0 0 BETHLEHEM SHIFERAW BOARD DIRECTOR 2.00 X 0 0 0 GRETCHEN PHILLIPS BOARD DIRECTOR 2.00 X 0 0 0 DARIN KINGSTON SECRETARY 40.00 X 173692 0 10450 ANDREW STERN CEO 30.00 X 144150 0 31396 ELIZABETH VANDERWOUDE FINANCIAL DIRECTOR 32.00 X 140708 0 8470 DANIEL ZOOK DIRECTOR 40.00 X 224411 0 36285 MOITREYEE SINHA DIRECTOR 40.00 X 224367 0 35396 CRAIG COURTNEY DIRECTOR 40.00 X 215000 0 12928 BRIAN MILDER DIRECTOR 40.00 X 187263 0 11264 JASON WENDLE DIRECTOR 40.00 X 182448 0 35158 1492039 0 181347 8 0 1 0 DALBERG GLOBAL DEVLPMT ADVISORS LTD 1-4 ARGYLL ST LONDON UK W1F 7LD CONSULTING SERVICES 471867 DALBERG CONSULTING US LLC 1401 K ST NW SUITE 900 WASHINGTON DC 20005 CONSULTING SERVICES 290511 MATTHEW SHAKHOVSKOY 62 JACKSON SYDNEY AS QLD 4011 CONSULTING SERVICES 194869 WILLIAM SAAB BATJANSTRAAT 11 AMSTERDAM IN 1094 RC CONSULTING SERVICES 145636 UNIVERSITY OF WASHINGTON 1959 NE PACIFIC STREET SEATTLE WA 98195 CONSULTING SERVICES 139792 5 3136302 6974906 10111208 PROGRAM SERVICES 900099 2870764 2870764 MANAGEMENT FEE 900099 49582 49582 2920346 2599 2599 TRAVEL REIMBURSEMENTS 900099 44247 44247 44247 13078400 2920346 0 46846 2030729 2030729 2988901 2988901 3590578 2945753 644825 183693 150704 32989 829244 680322 148922 270698 222084 48614 3731318 3568787 162531 136455 73450 63005 143354 6750 136604 6302 5584 718 19545 15694 3851 83255 41717 41538 54779 11257 43522 256955 256955 99214 92300 6914 29922 28343 1579 11833 240 11593 18807 18807 ALLOWANCE FOR DOUBTFUL 33341 33341 14518923 12862615 1656308 0 745045 133477 4206410 7262659 5861369 4257885 642385 472441 4175 24625 5041 5041 0 0 277816 786510 11737200 12937597 715494 640914 223344 81432 125000 3007029 2387594 2862977 3451432 6592352 X 1813844 -126676 6471924 6471921 8285768 6345245 11737200 12937597 X -1440523 -500000 X 0 1 X 1 0 X 3546020 3303292 14254321 9124879 10117708 40346220 3546020 3303292 14254321 9124879 10117708 40346220 10590432 29755788 1658 1404 10620 16867 2599 33148 40379368 19031616 0.73690 0.76730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 5041 5041 0 0 DEPOSITS 18000 ADVANCES 385072 DUES FROM RELATED ORGANIZATION 383362 DUE FROM EMPLOYEE 76 786510 X PART IV, LINE 2B: GDI ENTERED INTO AN AGREEMENT WITH WELLSPRING, DFID, AND USAID TO ACT AS A TRUSTEE FOR FUNDS RELATED TO A GROUP PROJECT. AS PART OF THE ARRANGEMENT, GDI MUST PAY THE FUNDS TO THE APPROVED GRANTEES AND IS ENTITLED TO A MANAGEMENT FEE AND INTEREST INCOME ON THE FUNDS HELD IN TRUST. PART X, LINE 2: GDI PERFORMED AN EVALUATION OF UNCERTAINTY IN INCOME TAXES FOR THE YEAR ENDED DECEMBER 31, 2020, AND DETERMINED THAT THERE ARE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. 0 SUB-SAHARAN AFRICA 0 15 PROGRAM SERVICES ACELI AFRICA, CITIESRISE, 2500000 EAST ASIA AND THE PACIFIC 0 5 PROGRAM SERVICES CITIESRISE, COLLABORATIVE FOR FRONTIER FINANCE, GLOBAL FUND TO END MODERN SLAVERYS 600000 EUROPE (INCLUDING ICELAND & GREENLAND) 0 3 PROGRAM SERVICES RURAL AND AGRICULTURAL LEARNING LAB, CITIESRISE, ISF ADVISORS, EMERGENT FOREST FINANCE ACCELERATOR 400000 SOUTH AMERICA 0 0 PROGRAM SERVICES CITIESRISE, ISF ADVISORS, 100000 0 23 0 0 0 23 3600000 0 3600000 SUB-SAHARAN AFRICA SUBAWARDEE / PROGRAM SUPPORT 1868558 WIRE TRANSFER SUB-SAHARAN AFRICA SUBAWARDEE / PROGRAM SUPPORT 510840 WIRE TRANSFER EAST ASIA AND THE PACIFIC SUBAWARDEE / PROGRAM SUPPORT 161596 WIRE TRANSFER EAST ASIA AND THE PACIFIC SUBAWARDEE / PROGRAM SUPPORT 133500 WIRE TRANSFER EAST ASIA AND THE PACIFIC SUBAWARDEE / PROGRAM SUPPORT 76450 WIRE TRANSFER SUB-SAHARAN AFRICA SUBAWARDEE / PROGRAM SUPPORT 74400 WIRE TRANSFER EUROPE (INCLUDING ICELAND AND GREENLAND) SUBAWARDEE / PROGRAM SUPPORT 50432 WIRE TRANSFER EAST ASIA AND THE PACIFIC SUBAWARDEE / PROGRAM SUPPORT 50000 WIRE TRANSFER SOUTH AMERICA SUBAWARDEE / PROGRAM SUPPORT 37125 WIRE TRANSFER EAST ASIA AND THE PACIFIC SUBAWARDEE / PROGRAM SUPPORT 26000 WIRE TRANSFER 6 4 0 0 0 0 0 0 PART I, LINE 2: AFTER GDI DISTRIBUTES GRANTS, THEY REQUIRE GRANTEES TO PROVIDE FINANCIAL REPORTS AND WHERE RELEVANT ASSOCIATED BACK - UP DETAILS. IN ADDITION, THE DIRECTORS AND MANAGERS MONITOR THE INTERNATIONAL GRANTEES CLOSELY THROUGHOUT THE YEAR. THIS IS ACCOMPLISHED THROUGH REGULAR EMAIL COMMUNICATION, CONFERENCE CALLS, AND SITE VISITS AND IN SOME CASES THROUGH DETAILED MANAGEMENT OF THE ORGANIZATION'S FINANCIAL RECORDS. PART III ACCOUNTING METHOD: 1 THE HEALTH INITIATIVE 200 CLARENDON STREET 44TH FLOOR BOSTON MA 02116 831490111 501 (C)(3) 1137684 GENERAL SUPPORT ACELI AFRICA INC 1401 K STREET NW SUITE 900 WASHINGTON DC 20005 843344516 501 (C)(3) 763266 GENERAL SUPPORT WOMEN OF THE WORLD ENDOWMENT INC 6900 WISCONSIN AVE SUITE 300 CHEVY CHASE MD 20815 844144582 501 (C)(3) 76313 GENERAL SUPPORT YOUTH FORWARD 2411 15TH ST SUITE A SACRAMENTO CA 95818 815343876 501 (C)(3) 10000 GENERAL SUPPORT SACRAMENTO LGBT COMMUNITY CENTER 1015 20TH STREET SACRAMENTO CA 95811 942502229 501 (C)(3) 10000 GENERAL SUPPORT WAKING THE VILLAGE PO BOX 160085 2226 K STREET SACRAMENTO CA 95816 680430603 501 (C)(3) 7500 GENERAL SUPPORT THE CONSILIUM BOTS INC 609 GREENWICH STREET NEW YORK NY 10014 574805338 501 (C)(3) 7216 GENERAL SUPPORT IMPROVE YOUR TOMORROW INC 3780 ROSIN COURT SUITE 240 SACRAMENTO CA 95834 462981774 501 (C)(3) 5000 GENERAL SUPPORT AGE UP RAINIER VALLEY CORPS 1225 S WELLER ST 400 SEATTLE WA 98144 474257834 501 (C)(3) 5000 GENERAL SUPPORT RED EAGLE SOARING 108 S WASHINGTON 308 SEATTLE WA 98104 911862731 501 (C)(3) 5000 GENERAL SUPPORT 10 0 PART I, LINE 2: AFTER GDI DISTRIBUTES GRANTS, THEY REQUIRE GRANTEES TO PROVIDE FINANCIAL REPORTS AND WHERE RELEVANT ASSOCIATED BACK - UP DETAILS. IN ADDITION, THE DIRECTORS AND MANAGERS MONITOR THE INTERNATIONAL GRANTEES CLOSELY THROUGHOUT THE YEAR. THIS IS ACCOMPLISHED THROUGH REGULAR EMAIL COMMUNICATION, CONFERENCE CALLS, AND SITE VISITS AND IN SOME CASES THROUGH DETAILED MANAGEMENT OF THE ORGANIZATION'S FINANCIAL RECORDS. X X X 0 0 0 0 0 0 0 0 0 DANIEL ZOOK DIRECTOR 224411 0 0 0 0 0 13465 0 22820 0 260696 0 0 0 MOITREYEE SINHA DIRECTOR 224367 0 0 0 0 0 13462 0 21934 0 259763 0 0 0 CRAIG COURTNEY DIRECTOR 215000 0 0 0 0 0 12900 0 28 0 227928 0 0 0 JASON WENDLE DIRECTOR 182448 0 0 0 0 0 10947 0 24211 0 217606 0 0 0 BRIAN MILDER DIRECTOR 187263 0 0 0 0 0 11236 0 28 0 198527 0 0 0 DARIN KINGSTON SECRETARY 173692 0 0 0 0 0 10422 0 28 0 184142 0 0 0 ANDREW STERN CEO 144150 0 0 0 0 0 8649 0 22747 0 175546 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B GDI HIRES AN INDEPENDENT CPA FIRM TO PREPARE THE FEDERAL FORM 990. AFTER PREPARATION OF THE FEDERAL FORM 990, MANAGEMENT REVIEWS THE DRAFT FEDERAL FORM 990. ONCE ANY QUESTIONS OR CORRECTIONS ARE ADDRESSED, THE DRAFT FEDERAL FORM 990 IS THEN DISTRIBUTED TO THE FULL BOARD OF DIRECTORS PRIOR TO ELECTRONICALLY FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C A "CONFLICT OF INTEREST," ARISES WHEN A PERSON IN A POSITION OF AUTHORITY OVER AN ORGANIZATION, SUCH AS AN OFFICER, DIRECTOR, OR KEY EMPLOYEE, MAY BENEFIT. EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY AND HAS AGREED TO COMPLY WITH THE POLICY. IN THE EVENT A CONFLICT OF INTEREST EXISTS, AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THEN, THE CHAIR OF THE BOARD OF DIRECTORS OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD OF DIRECTORS OR COMMITTEE SHALL DETERMINE WHETHER GDI CAN OBTAIN WITH REASONABLE EFFORTS, A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 IN ORDER TO DETERMINE THE OFFICERS' COMPENSATION, MEMBERS OF THE BOARD OF DIRECTORS REVIEWING COMPARABLE DATA INFORMED BY MARKET RESEARCH AND OUTSIDE COUNSEL AS WELL AS VARIOUS SALARY SURVEYS. AFTER REVIEWING THE NECESSARY DATA, MEMBERS OF THE BOARD OF DIRECTORS WILL MAKE A FINAL DECISION REGARDING THE FINAL COMPENSATION AMOUNTS FOR ALL OFFICERS. A COMPENSATION SURVEY WAS LAST USED IN 2018. FORM 990, PART VI, SECTION C, LINE 19 GDI MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: GRANT RECISSION -500,000. ACELI AFRICA INC 1401 K STREET NW SUITE 900 WASHINGTON DC 20005 843344516 FINANCING AGRICULTURAL SMES IN AFRICA DC 501(C)(3) LINE 7 THE GLOBAL DEVELOPMENT INCUBATOR INC 0 50BREAKTHROUGHS FOUNDATION 812 CREED R OAKLAND CA 94610 822180399 USE TECHNOLOGY TO SOLVE SOCIAL AND ECONOMIC PROBLEMS CA 501(C)(3) LINE 7 THE GLOBAL DEVELOPMENT INCUBATOR INC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0