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Nonprofiteer
← CENTER FOR GLOBAL DEVELOPMENT

Form 990 for tax year 2023

Filed by CENTER FOR GLOBAL DEVELOPMENT.

Totals

Total revenue
$15,676,977
Total expenses
$21,030,372
Contributions and grants received
$14,163,388
Grants paid
$4,145,569
Program service revenue
$397,602
Investment income
$1,100,604
Other revenue
$15,383
Total assets, end of year
$60,279,029
Total liabilities, end of year
$11,320,839
Net assets or fund balances, end of year
$48,958,190
Program services expenses (Part IX)
$18,112,535
Management and general expenses
$2,244,795
Fundraising expenses
$673,042
Program service expenses (Part III)
$18,112,535

Program services were 86.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $1,015,542

  • 1f · All other contributions, gifts and grants

    $13,147,846

  • 2a · Program service revenue: CONTRACT REVENUE

    total $372,803 · related or exempt $372,803

  • 2b · Program service revenue: SERVICE REVENUE

    total $24,799 · related or exempt $24,799

  • 3 · Investment income

    total $1,016,224 · excluded $1,016,224

  • 7a · Gross sales of assets other than inventory

    securities $820,216

  • 7b · Less cost or other basis and sales expenses

    securities $727,228 · other assets $8,608

  • 7c · Gain or loss

    securities $92,988 · other assets -$8,608

  • 7d · Net gain or loss

    total $84,380 · excluded $84,380

  • 11a · Other revenue: OTHER INCOME

    total $15,383 · excluded $15,383

  • 11e · Other revenue, total

    $15,383

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,368,295 · program services $1,368,295

  • 3 · Grants to foreign organizations and individuals

    total $2,777,274 · program services $2,777,274

  • 5 · Compensation of officers, directors and key employees

    total $1,582,666 · program services $732,160 · management and general $559,486 · fundraising $291,020

  • 7 · Other salaries and wages

    total $7,942,001 · program services $7,682,079 · management and general $25,097 · fundraising $234,825

  • 8 · Pension plan contributions

    total $851,941 · program services $810,392 · management and general $23,887 · fundraising $17,662

  • 9 · Other employee benefits

    total $733,271 · program services $660,576 · management and general $40,676 · fundraising $32,019

  • 10 · Payroll taxes

    total $671,267 · program services $597,271 · management and general $39,222 · fundraising $34,774

  • 11b · Fees: legal

    total $38,149 · program services $24,120 · management and general $13,337 · fundraising $692

  • 11c · Fees: accounting

    total $203,767 · program services $128,833 · management and general $71,237 · fundraising $3,697

  • 11f · Fees: investment management

    total $26,033 · management and general $26,033

  • 11g · Fees: other

    total $1,699,158 · program services $1,548,313 · management and general $143,600 · fundraising $7,245

  • 13 · Office expenses

    total $211,056 · program services $135,834 · management and general $65,767 · fundraising $9,455

  • 14 · Information technology

    total $116,304 · program services $73,534 · management and general $40,660 · fundraising $2,110

  • 16 · Occupancy

    total $604,134 · program services $353,644 · management and general $240,182 · fundraising $10,308

  • 17 · Travel

    total $378,997 · program services $292,831 · management and general $76,900 · fundraising $9,266

  • 19 · Conferences, conventions and meetings

    total $190,515 · program services $175,851 · management and general $14,107 · fundraising $557

  • 20 · Interest

    total $338,680 · program services $198,254 · management and general $134,647 · fundraising $5,779

  • 22 · Depreciation, depletion and amortization

    total $619,034 · management and general $619,034

  • 24a · Other expenses: OUTREACH ACTIVITIES

    total $341,442 · program services $326,079 · management and general $15,363

  • 24b · Other expenses: FURN./EQUIP./SOFTWARE

    total $268,769 · program services $182,497 · management and general $79,888 · fundraising $6,384

  • 24c · Other expenses: MISCELLANEOUS

    total $67,525 · program services $44,636 · management and general $15,650 · fundraising $7,239

  • 24d · Other expenses: CREDIT CARD FEES

    total $94 · program services $62 · management and general $22 · fundraising $10

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $19,104,878 · end of year $18,154,954

  • 3 · Pledges and grants receivable

    beginning of year $7,530,461 · end of year $2,603,435

  • 4 · Accounts receivable

    beginning of year $7,029

  • 9 · Prepaid expenses and deferred charges

    beginning of year $128,331 · end of year $149,120

  • 10a · Land, buildings and equipment: cost or other basis

    $19,356,022

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,751,424

  • 10c · Land, buildings and equipment, net

    beginning of year $12,973,131 · end of year $12,604,598

  • 11 · Investments: publicly traded securities

    beginning of year $23,369,061 · end of year $25,943,806

  • 15 · Other assets

    beginning of year $0 · end of year $823,116

  • 17 · Accounts payable and accrued expenses

    beginning of year $575,970 · end of year $715,548

  • 20 · Tax-exempt bond liabilities

    beginning of year $10,044,243 · end of year $9,701,116

  • 25 · Other liabilities

    beginning of year $0 · end of year $904,175

  • 27 · Net assets without donor restrictions

    beginning of year $33,582,857 · end of year $36,558,036

  • 28 · Net assets with donor restrictions

    beginning of year $18,909,821 · end of year $12,400,154

Mission and programs · 2023

Mission

REDUCE GLOBAL POVERTY AND IMPROVE LIVES THROUGH INNOVATIVE ECONOMIC RESEARCH THAT DRIVES BETTER POLICY AND PRACTICE BY THE WORLD'S TOP DECISION MAKERS. WE FOCUS ON THE INTERSECTION OF DEVELOPING COUNTRIES AND THE GOVERNMENTS, INSTITUTIONS AND CORPORATIONS THAT CAN HELP THEM DELIVER GREATER PROGRESS.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • PROVIDED NEW RESEARCH, DATA, CONSULTATION, PUBLIC EVENTS AND SEMINARS, PUBLICATIONS, AND POLICY PROPOSALS TO HELP ADDRESS GLOBAL ISSUES ON HEALTH, EDUCATION, TECHNOLOGY, ACCESS TO FINANCE, MIGRATION, AND OTHER DEVELOPMENT ISSUES.GLOBAL HEALTH - AS MORE COUNTRIES RISE OUT OF POVERTY, CGD IS FOCUSING ON THE INEQUITIES AND EMERGING PROBLEMS THAT JEOPARDIZE GLOBAL HEALTH PROGRESS: HOW SHOULD GOVERNMENTS ALLOCATE SCARCE HEALTH BUDGETS RATIONALLY? HOW CAN GLOBAL HEALTH DONORS AND OTHER DEVELOPMENT PARTNERS ADVANCE GLOBAL HEALTH SECURITY, PANDEMIC PREPAREDNESS, AND HEALTH SYSTEMS STRENGTHENING? WHAT CAN BE DONE TO ADDRESS HEALTH INEQUITIES IN LOW AND MIDDLE-INCOME COUNTRIES? WHAT ARE EVIDENCE-INFORMED POLICIES TO ADDRESS MARKET FAILURES THAT SPAN FROM EARLY-STAGE PHARMACEUTICAL RESEARCH AND DEVELOPMENT TO SUPPLY CHAIN EFFICIENCY AND ENSURE HEALTH PRODUCT MARKETS WORK FOR THE POOR? CGD RESEARCH HELPS POLICYMAKERS BUILD SUSTAINABLE HEALTH SYSTEMS, RESPOND TO SHIFTING REALITIES, AND DELIVER VALUE FOR MONEY. MIGRATIONS, DISPLACEMENT AND HUMANITARIAN POLICY - WE WORK TO MAXIMIZE THE BENEFITS OF MIGRATION TO DESTINATION AND ORIGIN COUNTRIES, EXPAND THE OPPORTUNITIES AVAILABLE TO FORCIBLY DISPLACED PEOPLE, AND REFORM THE HUMANITARIAN SYSTEM TO BETTER SERVE THE NEEDS OF THOSE AFFECTED BY CONFLICT AND CRISIS. WE RECOGNIZE THAT HUMAN MOBILITY CAN HAVE POSITIVE AND NEGATIVE EFFECTS, DEPENDING ON POLICY CHOICES. WE THEREFORE COLLABORATE WITH POLICYMAKERS AROUND THE WORLD TO CREATE SUSTAINABLE, PRAGMATIC, AND EVIDENCE-BASED POLICIES FOR EVERYONE ON THE MOVE.EDUCATION - CGD'S EDUCATION PROGRAM FOCUSES ON BROAD WELFARE GOALS AND SEEKS TO UNDERSTAND THE ROLE EDUCATION CAN PLAY IN ADDRESSING INEQUITY. DESPITE THE TREMENDOUS PROGRESS THAT HAS BEEN MADE IN INCREASING SCHOOL ACCESS, EDUCATION HAS NOT YET FULFILLED ITS PROMISE OF BEING THE GREAT SOCIETAL EQUALIZER. OUR RESEARCH EXAMINES THE MECHANISMS THROUGH WHICH EDUCATION CAN GIVE CHILDREN EQUAL LIFE OPPORTUNITIES AND BUILD THE HUMAN CAPITAL THAT NATIONS NEED TO PROSPER.SUSTAINABLE DEVELOPMENT FINANCE - CGD'S SDF PROGRAM FOCUSES ON THINKING BEYOND AID, TO PRIVATE FINANCE, AND UNLOCKING DEVELOPING COUNTRIES' OWN RESOURCES. CGD RESEARCH EXAMINES THE ROLES OF FINANCIERS AND DEVELOPING COUNTRY PARTNERS IN MOBILIZING AND ALLOCATING AID SO THAT THE INTERNATIONAL COMMUNITY CAN FOCUS NOT ONLY ON COUNTRY-BY-COUNTRY DEVELOPMENT, BUT ALSO ON PRESSING SHARED PROBLEMS, SUCH AS CLIMATE CHANGE AND THE THREAT OF PANDEMICS. TECHNOLOGY - CGD'S TECHNOLOGY PROGRAM FOCUSES ON THREE KEY QUESTIONS AROUND INNOVATION, GROWTH, AND INEQUALITY: HOW CAN GOVERNMENTS USE EXISTING TECHNOLOGIES TO DELIVER SERVICES MORE EFFECTIVELY TO CITIZENS? HOW CAN INTERNATIONAL INSTITUTIONS HELP CREATE AND SPREAD NEW TECHNOLOGIES TO TACKLE SHARED PROBLEMS LIKE CLIMATE CHANGE AND PANDEMICS? AND HOW CAN POLICYMAKERS ENSURE ADVANCES IN ARTIFICIAL INTELLIGENCE, AUTOMATION, AND COMMUNICATIONS BRING SHARED BENEFITS AND NOT GREATER GLOBAL INEQUALITY?

    Expenses $18,112,535 · Grants $4,145,569 · Revenue $397,602

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Masood Ahmed

    PRESIDENT

    Total calculated
    $581,510
    From this org
    $514,364
    From related orgs
    $0
    Other
    $67,146
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $452,864
    Bonus
    $61,500
    Other
    $0
    Deferred
    $66,000
    Nontaxable benefits
    $1,146
    Filer's total
    $581,510
  • Lawrence Summers

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • Edward Scott

    CHAIR EMERITUS

    Total calculated
    $0
    Hours/week
    0.5
  • Amrita Ahuja

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Caroline Atkinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Bertrand Badre

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Afsaneh Beschloss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Nancy Birdsall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • George W Casey Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Mary-Ann Etiebet

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Debra Fine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Tony Fratto

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • David F Gordon

    DIRECTOR, (UNTIL 11/30/23)

    Total calculated
    $0
    Hours/week
    0.5
  • Bradley Horwitz

    DIRECTOR, (UNTIL 4/30/23)

    Total calculated
    $0
    Hours/week
    0.5
  • Stephen T Isaacs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Donald Kaberuka

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • John Lipsky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • David Marchick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Roberty McCarthy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Luis Alberto Moreno

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Bobby J Pittman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Shubhi Rao

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Daleep Singh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Smita Singh

    DIRECTOR, (UNTIL 4/30/23)

    Total calculated
    $0
    Hours/week
    0.5
  • Karen Spencer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Judy Woodruff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Ellen MacKenzie

    CFO, VP OF ADMIN / TREASURER

    Total calculated
    $344,301
    From this org
    $284,916
    From related orgs
    $0
    Other
    $59,385
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $278,416
    Bonus
    $6,500
    Other
    $0
    Deferred
    $42,487
    Nontaxable benefits
    $16,898
    Filer's total
    $344,301
  • Mark Plant

    INTERIM COO & SENIOR FELLOW

    Total calculated
    $286,601
    From this org
    $249,625
    From related orgs
    $0
    Other
    $36,976
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,125
    Bonus
    $8,500
    Other
    $0
    Deferred
    $35,825
    Nontaxable benefits
    $1,151
    Filer's total
    $286,601
  • Amanda Glassman--Coo Exec

    VP & SR. FELLOW(UNTIL 5/31/23)

    Total calculated
    $188,849
    From this org
    $170,153
    From related orgs
    $0
    Other
    $18,696
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,153
    Bonus
    $20,000
    Other
    $0
    Deferred
    $18,125
    Nontaxable benefits
    $571
    Filer's total
    $188,849
  • Kendra White

    SENIOR DIA/SECRETARY

    Total calculated
    $181,403
    From this org
    $150,826
    From related orgs
    $0
    Other
    $30,577
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,326
    Bonus
    $1,500
    Other
    $0
    Deferred
    $22,599
    Nontaxable benefits
    $7,978
    Filer's total
    $181,403
  • Charles Kenny

    SENIOR FELLOW

    Total calculated
    $285,530
    From this org
    $229,244
    From related orgs
    $0
    Other
    $56,286
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,744
    Bonus
    $6,500
    Other
    $0
    Deferred
    $34,097
    Nontaxable benefits
    $22,189
    Filer's total
    $285,530
  • Nancy Lee

    DIR. OF SDFP & SENIOR FELLOW

    Total calculated
    $264,070
    From this org
    $229,667
    From related orgs
    $0
    Other
    $34,403
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,167
    Bonus
    $1,500
    Other
    $0
    Deferred
    $33,257
    Nontaxable benefits
    $1,146
    Filer's total
    $264,070
  • Javier Guzman Cruz

    DIR. OF GHPP & SENIOR FELLOW

    Total calculated
    $257,601
    From this org
    $204,334
    From related orgs
    $0
    Other
    $53,267
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,834
    Bonus
    $6,500
    Other
    $0
    Deferred
    $31,078
    Nontaxable benefits
    $22,189
    Filer's total
    $257,601
  • Justin Sandefur

    SENIOR FELLOW

    Total calculated
    $254,907
    From this org
    $201,250
    From related orgs
    $0
    Other
    $53,657
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,750
    Bonus
    $1,500
    Other
    $0
    Deferred
    $31,468
    Nontaxable benefits
    $22,189
    Filer's total
    $254,907
  • Kehinde Ajayi

    DIR. OF GEIP & SENIOR FELLOW

    Total calculated
    $251,934
    From this org
    $216,341
    From related orgs
    $0
    Other
    $35,593
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,841
    Bonus
    $1,500
    Other
    $0
    Deferred
    $21,773
    Nontaxable benefits
    $13,820
    Filer's total
    $251,934

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE FOLLOWING INDIVIDUALS REPORTED ON PART VII RECEIVED BONUSES: MASOOD AHMED $61,500 ELLEN MACKENZIE $6,500 MARK PLANT $8,500 CHARLES KENNY $6,500 NANCY LEE $1,500 JAVIER GUZMAN CRUZ $6,500 JUSTIN SANDEFUR $1,500 KEHINDE AJAYI $1,500 AMANDA GLASSMAN $20,000 KENDRA WHITE $1,500

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • CENTER FOR GLOBAL DEVELOPMENT EUROPE (CGDE)

    501(C)(3) · EDUCATION & RESEARCH ON POVERTY, HEALTH AND OTHER ISSUES · UK · controlled entity

    Directly controlled by CENTER FOR GLOBAL DEVELOPMENT

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202433179349300728

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