Form 990 for tax year 2024
Filed by THE GLOBAL DEVELOPMENT INCUBATOR INC.
Totals
- Total revenue
- $21,516,058
- Total expenses
- $21,550,781
- Contributions and grants received
- $16,885,463
- Grants paid
- $14,419,476
- Program service revenue
- $3,845,679
- Investment income
- $615,575
- Other revenue
- $169,341
- Total assets, end of year
- $16,590,151
- Total liabilities, end of year
- $5,584,834
- Net assets or fund balances, end of year
- $11,005,317
- Program services expenses (Part IX)
- $19,124,584
- Management and general expenses
- $2,426,197
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $19,124,584
Program services were 88.7% 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
$5,772
-
1e · Government grants (contributions)
$3,328,226
-
1f · All other contributions, gifts and grants
$13,551,465
-
2a · Program service revenue: PROGRAM SERVICES
total $3,831,374 · related or exempt $3,831,374
-
2b · Program service revenue: MANAGEMENT FEE
total $14,305 · related or exempt $14,305
-
3 · Investment income
total $615,575 · excluded $615,575
-
11a · Other revenue: REIMBURSEMENTS
total $169,341 · excluded $169,341
-
11e · Other revenue, total
$169,341
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $12,892,426 · program services $12,892,426
-
3 · Grants to foreign organizations and individuals
total $1,527,050 · program services $1,527,050
-
5 · Compensation of officers, directors and key employees
total $725,785 · program services $360,475 · management and general $365,310
-
7 · Other salaries and wages
total $2,096,594 · program services $1,398,047 · management and general $698,547
-
8 · Pension plan contributions
total $141,323 · program services $93,140 · management and general $48,183
-
9 · Other employee benefits
total $726,266 · program services $465,250 · management and general $261,016
-
10 · Payroll taxes
total $217,486 · program services $136,566 · management and general $80,920
-
11b · Fees: legal
total $86,878 · program services $62,942 · management and general $23,936
-
11c · Fees: accounting
total $121,681 · program services $71,513 · management and general $50,168
-
11g · Fees: other
total $2,277,928 · program services $1,749,794 · management and general $528,134
-
12 · Advertising and promotion
total $4,621 · program services $3,143 · management and general $1,478
-
13 · Office expenses
total $114,911 · program services $46,934 · management and general $67,977
-
14 · Information technology
total $114,185 · program services $35,089 · management and general $79,096
-
16 · Occupancy
total $32,698 · program services $5,892 · management and general $26,806
-
17 · Travel
total $375,382 · program services $255,158 · management and general $120,224
-
20 · Interest
total $52,105 · program services $21,165 · management and general $30,940
-
23 · Insurance
total $43,462 · management and general $43,462
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,458,649 · end of year $937,784
-
2 · Savings and temporary cash investments
beginning of year $3,826 · end of year $3,877
-
3 · Pledges and grants receivable
beginning of year $3,974,436 · end of year $254,250
-
4 · Accounts receivable
beginning of year $841,096 · end of year $537,918
-
9 · Prepaid expenses and deferred charges
beginning of year $33,976 · end of year $43,461
-
10a · Land, buildings and equipment: cost or other basis
$5,041
-
10b · Land, buildings and equipment: accumulated depreciation
$5,041
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $9,957,786 · end of year $14,266,949
-
15 · Other assets
beginning of year $820,283 · end of year $545,912
-
17 · Accounts payable and accrued expenses
beginning of year $1,049,814 · end of year $1,125,495
-
21 · Escrow or custodial account liability
beginning of year $381,079 · end of year $0
-
25 · Other liabilities
beginning of year $4,619,119 · end of year $4,459,339
-
27 · Net assets without donor restrictions
beginning of year $8,465,864 · end of year $8,628,129
-
28 · Net assets with donor restrictions
beginning of year $2,574,176 · end of year $2,377,188
Mission and programs · 2024
Mission
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.
Activities or mission (Part I)
DESIGN AND LAUNCH SERVICES FOR NEW SOCIAL IMPACT ORGANIZATIONS AND PARTNERSHIPS.
-
AGRICULTURAL: (E.G. ACELI AFRICA, CSAF, ISF ADVISORS)GDI'S AGRICULTURE PORTFOLIO BRINGS TOGETHER DIVERSE PLAYERS FROM ACROSS AGRICULTURE, FINANCE, AND CLIMATE, WHO OTHERWISE MAY HAVE NEVER COLLABORATED DESPITE THEIR SHARED GOALS. ACELI AFRICA IS THE FIRST OF ITS KIND MARKET INCENTIVE FACILITY ALIGNING CAPITAL SUPPLY AND DEMAND TO MOBILIZE PRIVATE SECTOR LENDING TO AGRICULTURAL SMALL AND MEDIUM ENTERPRISES (SMES) IN AFRICA. CSAF IS THE LEADING GLOBAL NETWORK OF LENDING PRACTITIONERS PROMOTING AN INCLUSIVE FINANCE MARKET FOR AGRICULTURAL SMES. ISF ADVISORS PUBLISHES INDUSTRY LEADING RESEARCH ALONGSIDE FINANCIAL AND STRATEGIC ADVISORY WORK TO MOBILIZE CAPITAL TOWARDS A MORE SUSTAINABLE, EQUITABLE, AND PRODUCTIVE GLOBAL FOOD SYSTEM.
Expenses $13,327,824 · Grants $12,746,616 · Revenue $645,915
-
HEALTH: (E.G. LEAPFROG TO VALUE, DISABILITY IMPACT FUND, HEALTH ENABLED)GDI'S HEALTH PORTFOLIO FOCUSES ON MOVING FROM VOLUME TO VALUE AND CUTS ACROSS ISSUES RANGING FROM MENTAL HEALTH TO COMMUNITY LIVELIHOODS, DIGITAL HEALTH SYSTEMS, AND EVERYTHING IN BETWEEN. WORKING AT THE INTERSECTION OF PUBLIC HEALTH AND TECHNOLOGY, HEALTH.ENABLED HAS BEEN CO-CREATING EQUITABLE SOLUTIONS THAT DRIVE WHOLE-PERSON HEALTH FOR OVER A DECADE, INCLUDING LAUNCHING THE GLOBAL DIGITAL HEALTH MONITOR (GDHM) A DATA PLATFORM THAT HELPS COUNTRIES TO BENCHMARK, PRIORITIZE, AND MONITOR DIGITAL HEALTH PROGRESS AT THE COUNTRY, REGIONAL, AND GLOBAL LEVELS. THE LEAPFROG TO VALUE REPORT AND INITIATIVE HAS LED TO A PORTFOLIO OF PILOTS DESIGNED TO IMPROVE OUTCOMES AND COST-EFFECTIVENESS OF HEALTH SYSTEMS. THE DISABILITY IMPACT FUND MERGES IMPACT INVESTING WITH VENTURE-BUILDING EXPERTISE TO REVOLUTIONIZE ASSISTIVE TECHNOLOGY ACCESS IN LOW AND MIDDLE-INCOME COUNTRIES.
Expenses $2,210,111 · Grants $469,383 · Revenue $1,786,774
-
EARLY CHILDHOOD DEVELOPMENT: (E.G. NURTURE FIRST)GDI'S EARLY CHILDHOOD DEVELOPMENT PORTFOLIO WORKS TO INCREASE EVIDENCE-BASED ECD PROGRAMS AT SCALE, CATALYZE NEW FUNDING THROUGH FINANCING MECHANISMS, AND WORK IN COLLABORATION WITH LEADERS FROM ADJACENT MOVEMENTS INCLUDING GENDER EQUALITY AND LIVELIHOODS ATTAINMENT SO THAT ALL YOUNG CHILDREN HAVE THE FOUNDATIONAL NURTURING CARE THEY NEED. NURTURE FIRST IS A GLOBAL FUNDER AND CAPACITY BUILDER BRINGING TOGETHER THINKERS, DOERS, AND ACTIVISTS TO IMPROVE THE SYSTEMS THAT SUPPORT HOME-BASED CHILDCARE (HBCC) PROVIDERS GLOBALLY SO THEY CAN PROVIDE EVIDENCE-BASED, AFFORDABLE, CULTURALLY RELEVANT CHILDCARE WHEREVER THEY ARE.
Expenses $921,273 · Grants $570,575 · Revenue $157,129
-
MIGRATION
Expenses $741,165 · Grants $28,103 · Revenue $630,095
-
JOBS AND LIVELIHOODS
Expenses $698,868 · Grants $424,375
-
INCLUSIVE SOCIETIES
Expenses $493,968
-
CLIMATE AND ECOSYSTEMS
Expenses $407,033 · Grants $180,424 · Revenue $261,878
-
OTHER PROGRAMS
Expenses $324,342 · Revenue $363,888
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Ernest DarkohERNEST DARKOH
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Amanda GlassmanAMANDA GLASSMAN
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Grant GordonGRANT GORDON
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ylva LindbergYLVA LINDBERG
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Elchi NowrojeeELCHI NOWROJEE
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Gretchen PhillipsGRETCHEN PHILLIPS
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Brian TrelstadBRIAN TRELSTAD
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Andrew SternANDREW STERN
CEO
- Total calculated
- $255,877
- From this org
- $218,063
- From related orgs
- $0
- Other
- $37,814
- Hours/week
- 30 + 6 related
Schedule J breakdown matched by us
- Base
- $218,063
- Bonus
- $0
- Other
- $0
- Deferred
- $11,763
- Nontaxable benefits
- $26,051
- Filer's total
- $255,877
-
Chintan MaruCHINTAN MARU
SECRETARY
- Total calculated
- $251,308
- From this org
- $225,382
- From related orgs
- $0
- Other
- $25,926
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $225,382
- Bonus
- $0
- Other
- $0
- Deferred
- $11,669
- Nontaxable benefits
- $14,257
- Filer's total
- $251,308
-
Elizabeth VanderwoudeELIZABETH VANDERWOUDE
CFO/TREASURER
- Total calculated
- $218,600
- From this org
- $203,936
- From related orgs
- $0
- Other
- $14,664
- Hours/week
- 18 + 14 related
Schedule J breakdown matched by us
- Base
- $203,936
- Bonus
- $0
- Other
- $0
- Deferred
- $12,236
- Nontaxable benefits
- $2,428
- Filer's total
- $218,600
-
Jason WendleJASON WENDLE
DIRECTOR
- Total calculated
- $279,445
- From this org
- $233,645
- From related orgs
- $0
- Other
- $45,800
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $233,645
- Bonus
- $0
- Other
- $0
- Deferred
- $14,395
- Nontaxable benefits
- $31,405
- Filer's total
- $279,445
-
Jessica Harrison FullertonJESSICA HARRISON FULLERTON
DIRECTOR
- Total calculated
- $236,766
- From this org
- $201,389
- From related orgs
- $0
- Other
- $35,377
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $201,389
- Bonus
- $0
- Other
- $0
- Deferred
- $12,954
- Nontaxable benefits
- $22,423
- Filer's total
- $236,766
-
Steven BergenSTEVEN BERGEN
ASSOCIATE DIRECTOR
- Total calculated
- $188,777
- From this org
- $162,305
- From related orgs
- $0
- Other
- $26,472
- Hours/week
- 30 + 10 related
Schedule J breakdown matched by us
- Base
- $162,305
- Bonus
- $0
- Other
- $0
- Deferred
- $9,984
- Nontaxable benefits
- $16,488
- Filer's total
- $188,777
-
Joanne EdelmanJOANNE EDELMAN
ASSOCIATE DIRECTOR
- Total calculated
- $178,014
- From this org
- $144,909
- From related orgs
- $0
- Other
- $33,105
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $144,909
- Bonus
- $0
- Other
- $0
- Deferred
- $9,404
- Nontaxable benefits
- $23,701
- Filer's total
- $178,014
-
William SymingtonWILLIAM SYMINGTON
ASSOCIATE DIRECTOR
- Total calculated
- $174,689
- From this org
- $158,185
- From related orgs
- $0
- Other
- $16,504
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $158,185
- Bonus
- $0
- Other
- $0
- Deferred
- $9,585
- Nontaxable benefits
- $6,919
- Filer's total
- $174,689
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 survey or study
- 3 · Approval by the board or compensation committee
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
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
-
$12,731,616
AGRICULTURE, RESEARCH & EDUCATION
-
$124,178
RESEARCH & CLIMATE CHANGE
-
RESEARCH & CLIMATE CHANGE
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.
-
501(C)(3) · FINANCING AGRICULTURAL SMES IN AFRICA · NY · controlled entity
Directly controlled by THE GLOBAL DEVELOPMENT INCUBATOR INC
-
501(C)(3) · SUSTAINABLE TRANSFORMATION OF FOOD SYSTEMS AND AGRICULTURAL SUPPLY · DC · controlled entity
Directly controlled by THE GLOBAL DEVELOPMENT INCUBATOR INC
-
501(C)(3) · FACILITATE GRANT FUNDING OPPORTUNITIES · DE · controlled entity
Directly controlled by THE GLOBAL DEVELOPMENT INCUBATOR INC
-
501(C)(3) · ACCELERATES AND INCREASES THE FLOW OF CAPITAL TO REGENERATIVE AGRICULTURE · DE · controlled entity
Directly controlled by THE GLOBAL DEVELOPMENT INCUBATOR INC
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
GDI SOLUTIONS LLC
FACILITATE GRANT FUNDING OPPORTUNITIES · DC · income $1,671,067 · assets $834,984
Directly controlled by THE GLOBAL DEVELOPMENT INCUBATOR INC
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
ACELI AFRICA COMPANY LIMITED - RWANDA
IMPLEMENTATION OF ACELI AFRICA PROGRAMS AND MISSION IN AFRICA · RW · 100% owned
Directly controlled by ACELI AFRICA INC
-
ACELI AFRICA COMPANY LIMITED BY GUARANTEE (ACELI KENYA)
IMPLEMENTATION OF ACELI AFRICA PROGRAMS AND MISSION IN AFRICA · KE · 100% owned · share of income $875,263 · share of assets $503,106
Directly controlled by ACELI AFRICA INC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202502879349301720
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