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Nonprofiteer
← THE GLOBAL DEVELOPMENT INCUBATOR INC

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 Darkoh

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Amanda Glassman

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Grant Gordon

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Ylva Lindberg

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Elchi Nowrojee

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Gretchen Phillips

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Brian Trelstad

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Andrew 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 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 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 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 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 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 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 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

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.

  • ACELI AFRICA INC

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

    Directly controlled by THE GLOBAL DEVELOPMENT INCUBATOR INC

  • ISF ADVISORS INC

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

    Directly controlled by THE GLOBAL DEVELOPMENT INCUBATOR INC

  • GDI SOLUTIONS INC

    501(C)(3) · FACILITATE GRANT FUNDING OPPORTUNITIES · DE · controlled entity

    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 · 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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