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Nonprofiteer
← GDI-SOLUTIONS INC

Form 990 for tax year 2023

Filed by GDI-SOLUTIONS INC.

Totals

Total revenue
$825,607
Total expenses
$251,334
Contributions and grants received
$674,759
Grants paid
$0
Program service revenue
$53,577
Investment income
$97,271
Other revenue
$0
Total assets, end of year
$7,517,513
Total liabilities, end of year
$6,943,241
Net assets or fund balances, end of year
$574,272
Program services expenses (Part IX)
$251,227
Management and general expenses
$107
Fundraising expenses
$0
Program service expenses (Part III)
$251,227

Program services were 100.0% 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

    $129,264

  • 1f · All other contributions, gifts and grants

    $545,495

  • 2a · Program service revenue: PROGRAM SERVICE

    total $53,577 · related or exempt $53,577

  • 3 · Investment income

    total $97,271 · excluded $97,271

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $406 · program services $406

  • 11c · Fees: accounting

    total $520 · program services $456 · management and general $64

  • 11g · Fees: other

    total $244,721 · program services $244,721

  • 13 · Office expenses

    total $1,188 · program services $1,188

  • 14 · Information technology

    total $183 · program services $183

  • 17 · Travel

    total $665 · program services $622 · management and general $43

  • 19 · Conferences, conventions and meetings

    total $3,651 · program services $3,651

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $2,506

  • 4 · Accounts receivable

    beginning of year $15,000 · end of year $33,523

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $7,425,248

  • 15 · Other assets

    beginning of year $0 · end of year $56,236

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,518

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $6,913,499

  • 25 · Other liabilities

    beginning of year $0 · end of year $29,742

  • 27 · Net assets without donor restrictions

    beginning of year $482 · end of year $574,272

Mission and programs · 2023

Mission

GDI-SOLUTIONS, INC. PROVIDES STRATEGIC, OPERATIONAL, PROGRAMMATIC, AND IMPLEMENTATION SUPPORT SERVICES TO BUILD STARTUPS AND PARTNERSHIPS DRIVING SOCIAL IMPACT AROUND THE WORLD.

Activities or mission (Part I)

DESIGN AND LAUNCH SERVICES FOR NEW SOCIAL IMPACT ORGANIZATIONS AND PARTNERSHIPS.

  • CSAF ENVISIONS A THRIVING FINANCE MARKET THAT SERVES AGRICULTURAL BUSINESSES AND SUPPORTS THEIR POSITIVE IMPACT ON SMALLHOLDER FARMERS AND ENVIRONMENTALLY SUSTAINABLE PRACTICES GLOBALLY. CSAF'S MISSION IS TO SHARE LEARNING, PROMOTE INDUSTRY STANDARDS AND BEST PRACTICES, AND ENGAGE OTHER STAKEHOLDERS IN BUILDING A MORE INCLUSIVE AND IMPACTFUL FINANCE MARKET FOR AGRICULTURAL BUSINESSES.

    Expenses $168,110

  • THE CIRCULARITY PLATFORM PROGRAM IS DESIGNED TO ADDRESS KEY ISSUES IN CIRCULAR WASTE MANAGEMENT AND LIVELIHOODS. IT AIMS TO EXPLORE POTENTIAL SOLUTIONS, INTERVENTIONS, AND ASSESS THE FEASIBILITY OF THE PROPOSED CIRCULARITY PLATFORM AND FUND TO REDUCE WASTE AND CARBON EMISSIONS THAT CONTRIBUTE TO CLIMATE CHANGE.

    Expenses $51,124

  • THE AGENCY FUND DONOR COLLABORATIVE PROGRAM POOLS RESOURCES TO SUPPORT HIGH-IMPACT PROJECTS IN THE U.S. AND AROUND THE WORLD THAT PROMOTE AND EXPAND HUMAN AGENCY IN AREAS SUCH AS CHILD NUTRITION, EDUCATION, AND PUBLIC HEALTH. GDI SOLUTIONS WORKS WITH DONORS TO RECEIVE FUNDING AND RE-GRANT TO ORGANIZATIONS SELECTED THROUGH A RIGOROUS APPLICATION PROCESS.

    Expenses $31,993 · Revenue $53,577

As filed on the 2023 return.

Listed in Part VII

  • Andrew Stern

    BOARD DIRECTOR, CEO - GDI

    Total calculated
    $235,207
    From this org
    $0
    From related orgs
    $199,677
    Other
    $35,530
    Hours/week
    2 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $199,677 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,286 related
    Nontaxable benefits
    $0 + $24,244 related
    Filer's total
    $0 + $235,207 related

  • Elizabeth Vanderwoude

    CFO/TREASURER

    Total calculated
    $202,087
    From this org
    $0
    From related orgs
    $188,265
    Other
    $13,822
    Hours/week
    2 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $188,265 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,416 related
    Nontaxable benefits
    $0 + $2,406 related
    Filer's total
    $0 + $202,087 related

  • Steven Bergen

    CEO, ASSOCIATE DIR. - GDI

    Total calculated
    $176,005
    From this org
    $0
    From related orgs
    $151,466
    Other
    $24,539
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $151,466 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,315 related
    Nontaxable benefits
    $0 + $15,224 related
    Filer's total
    $0 + $176,005 related

  • Wadzi Katsidzira

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Habtamu Girma

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Omchand Mahdu

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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

None.

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
GDI-SOLUTIONS, INC. DOES NOT DIRECTLY HIRE OR COMPENSATE EMPLOYEES. ALL EMPLOYEES ARE EMPLOYEES OF THE GLOBAL DEVELOPMENT INCUBATOR, INC. (GDI), A RELATED ORGANIZATION EXEMPT UNDER SECTION 501(C)(3). 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.

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

No itemized grants to organizations 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.

  • THE GLOBAL DEVELOPMENT INCUBATOR INC

    501(C)(3) · DESIGN AND LAUNCH SERVICES FOR NEW SOCIAL IMPACT ORGANIZATIONS AND PARTNERS · NY

  • ACELI AFRICA INC

    501(C)(3) · FINANCING AGRICULTURAL SMES IN AFRICA · NY

    Directly controlled by THE GLOBAL DEVELOPMENT INCUBATOR INC

  • ISF ADVISORS INC

    501(C)(3) · SUSTAINABLE TRANSFORMATION OF FOOD SYSTEMS AND AGRICULTURAL SUPPLY · DC

    Directly controlled by THE GLOBAL DEVELOPMENT INCUBATOR INC

  • COLIBRI CATALYST INC

    501(C)(3) · ACCELERATES AND INCREASES THE FLOW OF CAPITAL TO REGENERATIVE AGRICULTURE · DE

    Directly controlled by THE GLOBAL DEVELOPMENT INCUBATOR INC

Provenance

Return type
form_990
Tax year
2023
Filed
29 October 2024
IRS schema version
2023v5.1
Source object
202423039349302297

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