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Nonprofiteer
← GIVEDIRECTLY INC

Form 990 for tax year 2023

Filed by GIVEDIRECTLY INC.

Totals

Total revenue
$140,343,295
Total expenses
$130,260,291
Contributions and grants received
$125,494,389
Grants paid
$83,181,937
Program service revenue
$0
Investment income
$2,317,825
Other revenue
$12,531,081
Total assets, end of year
$203,098,602
Total liabilities, end of year
$79,756,067
Net assets or fund balances, end of year
$123,342,535
Program services expenses (Part IX)
$115,859,966
Management and general expenses
$7,363,519
Fundraising expenses
$7,036,806
Program service expenses (Part III)
$115,859,966

Program services were 88.9% 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.

  • 1a · Federated campaigns

    $12,382

  • 1e · Government grants (contributions)

    $11,793,182

  • 1f · All other contributions, gifts and grants

    $113,688,825

  • 1g · Noncash contributions included above

    $2,705,102

  • 3 · Investment income

    total $1,898,517 · excluded $1,898,517

  • 7a · Gross sales of assets other than inventory

    securities $8,533,069

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

    securities $8,113,761

  • 7c · Gain or loss

    securities $419,308

  • 7d · Net gain or loss

    total $419,308 · excluded $419,308

  • 11a · Other revenue: FOREIGN EXCHANGE TRANS.

    total $12,460,476 · excluded $12,460,476

  • 11b · Other revenue: OTHER INCOME

    total $70,605 · excluded $70,605

  • 11e · Other revenue, total

    $12,531,081

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,427,925 · program services $1,427,925

  • 3 · Grants to foreign organizations and individuals

    total $81,754,012 · program services $81,754,012

  • 5 · Compensation of officers, directors and key employees

    total $1,598,399 · program services $67,954 · management and general $1,396,898 · fundraising $133,547

  • 7 · Other salaries and wages

    total $24,719,567 · program services $17,351,943 · management and general $2,472,045 · fundraising $4,895,579

  • 9 · Other employee benefits

    total $2,722,634 · program services $1,957,433 · management and general $278,486 · fundraising $486,715

  • 10 · Payroll taxes

    total $2,075,996 · program services $1,474,535 · management and general $299,150 · fundraising $302,311

  • 11b · Fees: legal

    total $350,691 · program services $193,160 · management and general $157,531

  • 11c · Fees: accounting

    total $504,520 · program services $77,443 · management and general $427,077

  • 11e · Fees: professional fundraising services

    total $135,175 · fundraising $135,175

  • 11f · Fees: investment management

    total $153,720 · management and general $153,720

  • 11g · Fees: other

    total $3,633,893 · program services $3,297,148 · management and general $214,232 · fundraising $122,513

  • 12 · Advertising and promotion

    total $139,582 · program services $26,635 · management and general $1,250 · fundraising $111,697

  • 13 · Office expenses

    total $585,099 · program services $560,859 · management and general $14,650 · fundraising $9,590

  • 14 · Information technology

    total $2,790,292 · program services $1,707,346 · management and general $892,923 · fundraising $190,023

  • 16 · Occupancy

    total $1,053,604 · program services $682,837 · management and general $370,498 · fundraising $269

  • 17 · Travel

    total $4,352,739 · program services $3,766,190 · management and general $362,839 · fundraising $223,710

  • 22 · Depreciation, depletion and amortization

    total $167,154 · program services $150,815 · management and general $6,826 · fundraising $9,513

  • 23 · Insurance

    total $346,792 · program services $142,448 · management and general $192,993 · fundraising $11,351

  • 24a · Other expenses: MOBILE MONEY & BANKING

    total $1,190,064 · program services $769,932 · management and general $29,087 · fundraising $391,045

  • 24b · Other expenses: EQUIPMENT

    total $339,832 · program services $304,896 · management and general $30,411 · fundraising $4,525

  • 24c · Other expenses: MISCELLANEOUS

    total $218,601 · program services $146,455 · management and general $62,903 · fundraising $9,243

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $74,721,370 · end of year $67,347,842

  • 2 · Savings and temporary cash investments

    beginning of year $39,307,228 · end of year $35,576,124

  • 3 · Pledges and grants receivable

    beginning of year $4,152,014 · end of year $26,630,005

  • 4 · Accounts receivable

    beginning of year $48,496,943 · end of year $4,289,033

  • 8 · Inventories for sale or use

    beginning of year $1,249,133 · end of year $933,518

  • 9 · Prepaid expenses and deferred charges

    beginning of year $913,644 · end of year $1,015,689

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

    $916,017

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

    $603,572

  • 10c · Land, buildings and equipment, net

    beginning of year $244,029 · end of year $312,445

  • 11 · Investments: publicly traded securities

    beginning of year $4,783,368 · end of year $4,232,587

  • 12 · Investments: other securities

    beginning of year $60,602,168 · end of year $59,281,094

  • 14 · Intangible assets

    beginning of year $347,323 · end of year $42,418

  • 15 · Other assets

    beginning of year $5,222,313 · end of year $3,437,847

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,323,591 · end of year $5,313,973

  • 18 · Grants payable

    beginning of year $121,829,037 · end of year $74,442,094

  • 19 · Deferred revenue

    beginning of year $1,071,196

  • 27 · Net assets without donor restrictions

    beginning of year $93,706,161 · end of year $80,097,670

  • 28 · Net assets with donor restrictions

    beginning of year $20,109,548 · end of year $43,244,865

Mission and programs · 2023

Mission

THE ORGANIZATION'S MISSION IS TO REDUCE POVERTY BY PROVIDING FINANCIAL ASSISTANCE DIRECTLY TO THOSE IN NEED.

Activities or mission (Part I)

TO REDUCE POVERTY BY PROVIDING FINANCIAL ASSISTANCE DIRECTLY TO THOSE IN NEED.

  • GIVEDIRECTLY OFFERS A SERVICE ALLOWING INDIVIDUAL DONORS, FOUNDATIONS, AND OTHERS TO DELIVER UNCONDITIONAL DIRECT CASH TRANSFERS TO THOSE IN NEED. THE ORGANIZATION'S PROPRIETARY MODEL RE-ENGINEERS FIELDWORK FOR THE DIGITAL ERA, ALLOWING IT TO DELIVER THESE TRANSFERS SECURELY, EFFICIENTLY AND TRANSPARENTLY. USING THE LATEST TECHNOLOGY AT EVERY STEP, GIVEDIRECTLY LOCATES RECIPIENTS, INTEGRATES THEM INTO ELECTRONIC PAYMENTS NETWORKS, AND MONITORS TRANSFERS END-TO-END. THE ORGANIZATION'S PROPRIETARY MODEL RE-ENGINEERS FIELDWORK FOR THE DIGITAL ERA, ENSURING SECURITY, EFFICIENCY, AND TRANSPARENCY. SINCE 2009, GIVEDIRECTLY HAS REACHED MORE THAN 1.5M RECIPIENTS IN 15 COUNTRIES.IN 2023, GIVEDIRECTLY DELIVERED OVER $117.6M TO OVER 200K RECIPIENTS IN 13 COUNTRIES VIA 27 DIFFERENT PROGRAMS. HIGHLIGHTS FROM 2023 INCLUDE:- LAUNCHING OUR MOST AMBITIOUS ANTI-POVERTY PROGRAMS YET IN PARTNERSHIP WITH THE GOVERNMENTS OF MALAWI AND RWANDA.- RELEASING FINDINGS FROM THE WORLD'S LONGEST UNIVERSAL BASIC INCOME (UBI) STUDY, WHICH FOUND THAT A SINGLE LARGE LUMP SUM OFTEN HAS MORE IMPACT THAN SMALLER MONTHLY PAYMENTS IN LINE WITH WHAT RECIPIENTS TELL US THEY PREFER. - WE LAUNCHED EMERGENCY CASH RELIEF PROGRAMS IN RESPONSE TO EARTHQUAKES IN TURKEY & MOROCCO, CYCLONE FREDDY IN MALAWI & MOZAMBIQUE, AND SEASONAL FLOODING IN NIGERIA.- WE TIGHTENED CONTROLS, BUILT NEW SYSTEMS, AND INSTITUTED BACK-END MACHINE LEARNING FLAGS TO PREVENT MAJOR FRAUD LOSS IN RESPONSE TO A 2022 INCIDENT IN THE DRC.

    Expenses $115,859,966 · Grants $83,181,937

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

Listed in Part VII

  • Michael Faye

    EXECUTIVE CHAIR

    Total calculated
    $151,669
    From this org
    $151,669
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $151,669
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $151,669

  • Aly Jeddy

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Rohit Wanchoo

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jacquelline Fuller

    DIRECTOR - UNTIL 9/23

    Total calculated
    $0
    Hours/week
    1

  • Paul Niehaus

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rory Stewart

    PRESIDENT - UNTIL 10/23

    Total calculated
    $316,743
    From this org
    $314,400
    From related orgs
    $0
    Other
    $2,343
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $293,882
    Bonus
    $0
    Other
    $20,518
    Deferred
    $2,343
    Nontaxable benefits
    $0
    Filer's total
    $316,743

  • Samuel Mwamburi Mwale Interim

    PRESIDENT AS OF 09/2023

    Total calculated
    $199,461
    From this org
    $187,810
    From related orgs
    $0
    Other
    $11,651
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,810
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,651
    Filer's total
    $199,461

  • Joseph Huston

    MANAGING DIRECTOR - UNTIL 12/23

    Total calculated
    $384,234
    From this org
    $363,872
    From related orgs
    $0
    Other
    $20,362
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,793
    Bonus
    $152,079
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $20,362
    Filer's total
    $384,234

  • Jason Watters Chief Finance Comp

    & DATA PROTEC. OFFICER UNTIL 12/23

    Total calculated
    $358,727
    From this org
    $344,688
    From related orgs
    $0
    Other
    $14,039
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,481
    Bonus
    $121,207
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $14,039
    Filer's total
    $358,727

  • Douglas Richard Kirke-Smith

    VICE PRESIDENT, PROGRAMS

    Total calculated
    $188,618
    From this org
    $179,210
    From related orgs
    $0
    Other
    $9,408
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,020
    Bonus
    $17,233
    Other
    $8,957
    Deferred
    $9,408
    Nontaxable benefits
    $0
    Filer's total
    $188,618

  • Becca Frank

    DIRECTOR, TECHNOLOGY

    Total calculated
    $293,413
    From this org
    $269,957
    From related orgs
    $0
    Other
    $23,456
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,407
    Bonus
    $43,550
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $23,456
    Filer's total
    $293,413

  • Sarah Moran

    VICE PRESIDENT, DEVELOPMENT

    Total calculated
    $264,713
    From this org
    $264,681
    From related orgs
    $0
    Other
    $32
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $232,425
    Bonus
    $32,256
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $32
    Filer's total
    $264,713

  • Samuel Kreter

    SENIOR PROGRAM ENGINEER

    Total calculated
    $260,076
    From this org
    $249,586
    From related orgs
    $0
    Other
    $10,490
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,536
    Bonus
    $43,050
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $10,490
    Filer's total
    $260,076

  • Alex Nawar

    REGIONAL DIRECTOR

    Total calculated
    $221,008
    From this org
    $220,976
    From related orgs
    $0
    Other
    $32
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,228
    Bonus
    $37,748
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $32
    Filer's total
    $221,008

  • Julie Xia

    SENIOR PROGRAM ENGINEER

    Total calculated
    $222,813
    From this org
    $210,827
    From related orgs
    $0
    Other
    $11,986
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,224
    Bonus
    $36,603
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,986
    Filer's total
    $222,813

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
FOR THE YEAR ENDED DECEMBER 31, 2023, INDIVIDUALS LISTED ON PART VII RECEIVED NON-FIXED PAYMENTS WHICH WERE BASED ON A PRE-ESTABLISHED INDEX ACCORDING TO THE INDIVIDUALS' LEVELS AND MEETING THE ORGANIZATION'S MISSION WHICH IS BASED ON ENROLLING RECIPIENTS IN CASH TRANSFER PROGRAMS.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
18 November 2024
IRS schema version
2023v5.1
Source object
202403249349300915

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