Totals
- Total revenue
- $175,713,344
- Total expenses
- $261,307,795
- Contributions and grants received
- $168,006,805
- Grants paid
- $217,034,471
- Program service revenue
- $0
- Investment income
- $1,205,285
- Other revenue
- $6,501,254
- Total assets, end of year
- $240,039,533
- Total liabilities, end of year
- $126,223,824
- Net assets or fund balances, end of year
- $113,815,709
- Program services expenses (Part IX)
- $249,671,317
- Management and general expenses
- $6,172,846
- Fundraising expenses
- $5,463,632
- Program service expenses (Part III)
- $249,671,317
Program services were 95.5% 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
$13,065
-
1e · Government grants (contributions)
$72,410,343
-
1f · All other contributions, gifts and grants
$95,583,397
-
1g · Noncash contributions included above
$6,979,981
-
3 · Investment income
total $1,929,056 · excluded $1,929,056
-
7a · Gross sales of assets other than inventory
securities $3,101,788
-
7b · Less cost or other basis and sales expenses
securities $3,825,559
-
7c · Gain or loss
securities -$723,771
-
7d · Net gain or loss
total -$723,771 · excluded -$723,771
-
11a · Other revenue: FOREIGN EXCHANGE TRANS.
total $6,451,285 · excluded $6,451,285
-
11b · Other revenue: OTHER INCOME
total $49,969 · excluded $49,969
-
11e · Other revenue, total
$6,501,254
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $80,931,771 · program services $80,931,771
-
3 · Grants to foreign organizations and individuals
total $136,102,700 · program services $136,102,700
-
5 · Compensation of officers, directors and key employees
total $1,485,508 · management and general $1,173,252 · fundraising $312,256
-
7 · Other salaries and wages
total $21,668,596 · program services $16,913,712 · management and general $1,524,423 · fundraising $3,230,461
-
8 · Pension plan contributions
total $30,233 · program services $24,109 · management and general $6,124
-
9 · Other employee benefits
total $2,402,801 · program services $1,844,884 · management and general $322,476 · fundraising $235,441
-
10 · Payroll taxes
total $1,643,677 · program services $1,136,425 · management and general $247,369 · fundraising $259,883
-
11b · Fees: legal
total $213,033 · program services $148,799 · management and general $64,234
-
11c · Fees: accounting
total $228,328 · program services $187,971 · management and general $40,357
-
11f · Fees: investment management
total $165,570 · management and general $165,570
-
11g · Fees: other
total $4,447,768 · program services $3,734,165 · management and general $336,275 · fundraising $377,328
-
12 · Advertising and promotion
total $170,958 · program services $24,368 · management and general $29,791 · fundraising $116,799
-
13 · Office expenses
total $1,432,910 · program services $290,460 · management and general $1,132,597 · fundraising $9,853
-
14 · Information technology
total $2,500,778 · program services $1,648,920 · management and general $430,925 · fundraising $420,933
-
16 · Occupancy
total $1,178,052 · program services $905,402 · management and general $272,650
-
17 · Travel
total $3,868,379 · program services $3,471,855 · management and general $252,891 · fundraising $143,633
-
19 · Conferences, conventions and meetings
total $363,278 · program services $363,278
-
22 · Depreciation, depletion and amortization
total $279,399 · program services $264,534 · management and general $9,524 · fundraising $5,341
-
23 · Insurance
total $173,182 · program services $29,336 · management and general $143,846
-
24a · Other expenses: MOBILE MONEY & BANKING
total $1,382,208 · program services $1,009,962 · management and general $20,542 · fundraising $351,704
-
24b · Other expenses: REGISTRATION FEES
total $435,926 · program services $435,926
-
24c · Other expenses: EQUIPMENT
total $171,407 · program services $171,407
-
24d · Other expenses: MISCELLANEOUS
total $31,333 · program services $31,333
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $124,470,775 · end of year $74,721,370
-
2 · Savings and temporary cash investments
beginning of year $46,858,889 · end of year $39,307,228
-
3 · Pledges and grants receivable
beginning of year $14,876,313 · end of year $4,152,014
-
4 · Accounts receivable
beginning of year $3,643,678 · end of year $48,496,943
-
8 · Inventories for sale or use
beginning of year $538,167 · end of year $1,249,133
-
9 · Prepaid expenses and deferred charges
beginning of year $748,315 · end of year $913,644
-
10a · Land, buildings and equipment: cost or other basis
$708,814
-
10b · Land, buildings and equipment: accumulated depreciation
$464,785
-
10c · Land, buildings and equipment, net
beginning of year $187,718 · end of year $244,029
-
11 · Investments: publicly traded securities
beginning of year $5,720,048 · end of year $4,783,368
-
12 · Investments: other securities
beginning of year $64,084,392 · end of year $60,602,168
-
14 · Intangible assets
beginning of year $3,493,017 · end of year $347,323
-
15 · Other assets
beginning of year $4,121,449 · end of year $5,222,313
-
17 · Accounts payable and accrued expenses
beginning of year $3,982,236 · end of year $3,323,591
-
18 · Grants payable
beginning of year $59,994,700 · end of year $121,829,037
-
19 · Deferred revenue
beginning of year $2,875,314 · end of year $1,071,196
-
27 · Net assets without donor restrictions
beginning of year $148,377,979 · end of year $93,706,161
-
28 · Net assets with donor restrictions
beginning of year $53,512,532 · end of year $20,109,548
Mission and programs · 2022
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 OTHERS - GOVERNMENTS, FOUNDATIONS, INDIVIDUAL DONORS - TO PROVIDE DIRECT CASH TRANSFERS, TO THOSE IN NEED. THE ORGANIZATION'S PROPRIETARY MODEL RE-ENGINEERS FIELDWORK FOR THE DIGITAL ERA, ALLOWING IT TO COMPLETE 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 CHARGES DONORS THE FULL COST OF DELIVERING THIS SERVICE. SINCE 2009, GIVE DIRECTLY HAS REACHED MORE THAN 1M RECIPIENTS IN 11 COUNTRIES.IN 2022, GIVEDIRECTLY DELIVERED OVER $146M TO OVER 334K HOUSEHOLDS IN 11 COUNTRIES, INCLUDING TWO NEW COUNTRIES (NIGERIA AND YEMEN) ACROSS 27 DIFFERENT PROGRAMS. WE DELIVERED MORE MONEY DIRECTLY TO PEOPLE IN POVERTY IN AFRICA IN 2022 THAN ANY YEAR PRIOR. GIVEDIRECTLY HELPED FAMILIES ACROSS 5 COUNTRIES ADAPT TO CLIMATE CHANGE THROUGH TARGETED CASH PROGRAMMING TO IMPROVE RESILIENCE AND SAFETY. WE PROVIDED TECHNICAL SUPPORT TO THE SOCIAL FUND OF THE DRC'S COVID-19 RELIEF EFFORT THROUGH AN ALTERNATIVE APPROACH THAT USES THE LATEST IN DATA SCIENCE (INCLUDING MACHINE LEARNING WHERE APPROPRIATE) AND DIGITAL PAYMENTS TECHNOLOGY TO REMOTELY IDENTIFY, ENROLL, AND PAY PEOPLE LIVING IN EXTREME POVERTY AT UNPRECEDENTED SPEED AND SCALE. WE HELPED LAUNCH 3 OF THE 10 LARGEST GUARANTEED INCOME PROGRAMS IN THE UNITED STATES. IN ADDITION, WE EXECUTED A SWIFT RESPONSE TO HURRICANES IAN AND FIONA, ENSURING THAT AFFECTED FAMILIES RECEIVED FINANCIAL SUPPORT WITHIN A 48-HOUR TIMEFRAME UPON ENROLLMENT. AS PART OF OUR ONGOING COMMITMENT TO RESEARCH AND DEVELOPMENT, WE SUCCESSFULLY LAUNCHED OUR 20TH RANDOMIZED CONTROLLED TRIAL, INCLUDING FIVE STUDIES CONDUCTED IN 2022. THE RESULTS FROM THESE STUDIES REVEALED SIGNIFICANT POSITIVE IMPACTS ON RESILIENCE, INVESTMENTS, INCOME, AND ASSETS WITHIN OUR CASH TRANSFER PROGRAMS SPANNING LIBERIA, MALAWI AND UGANDA.
Expenses $249,671,317 · Grants $217,034,471
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Michael Faye President UntilMICHAEL FAYE PRESIDENT UNTIL
08/2022; EXEC. CHAIR FROM 09/2022
- Total calculated
- $279,333
- From this org
- $279,333
- From related orgs
- $0
- Other
- $0
- Hours/week
- 30
Schedule J breakdown matched by us
- Base
- $125,333
- Bonus
- $154,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $279,333
-
Aly JeddyALY JEDDY
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Rohit WanchooROHIT WANCHOO
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Jacquelline FullerJACQUELLINE FULLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paul NiehausPAUL NIEHAUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joseph HustonJOSEPH HUSTON
MANAGING DIRECTOR
- Total calculated
- $494,605
- From this org
- $487,915
- From related orgs
- $0
- Other
- $6,690
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $205,339
- Bonus
- $270,000
- Other
- $12,576
- Deferred
- $0
- Nontaxable benefits
- $6,690
- Filer's total
- $494,605
-
Rory StewartRORY STEWART
PRESIDENT AS OF 09/2022
- Total calculated
- $139,549
- From this org
- $139,549
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Jason Watters Chief FinanceJASON WATTERS CHIEF FINANCE
COMPL. & DATA PROTECTION OFFICER
- Total calculated
- $293,761
- From this org
- $278,096
- From related orgs
- $0
- Other
- $15,665
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $175,000
- Bonus
- $99,495
- Other
- $3,601
- Deferred
- $0
- Nontaxable benefits
- $15,665
- Filer's total
- $293,761
-
Olu BabalolaOLU BABALOLA
CHIEF OPERATING OFFICER UNTIL 07/2022
- Total calculated
- $278,260
- From this org
- $269,948
- From related orgs
- $0
- Other
- $8,312
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $107,916
- Bonus
- $157,500
- Other
- $4,532
- Deferred
- $0
- Nontaxable benefits
- $8,312
- Filer's total
- $278,260
-
Becca FrankBECCA FRANK
DIRECTOR, TECHNOLOGY
- Total calculated
- $245,486
- From this org
- $234,318
- From related orgs
- $0
- Other
- $11,168
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $177,552
- Bonus
- $48,668
- Other
- $8,098
- Deferred
- $0
- Nontaxable benefits
- $11,168
- Filer's total
- $245,486
-
Katie DonleyKATIE DONLEY
CHIEF GROWTH OFFICER UNTIL 03/2022
- Total calculated
- $237,767
- From this org
- $233,837
- From related orgs
- $0
- Other
- $3,930
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $30,000
- Bonus
- $202,950
- Other
- $887
- Deferred
- $0
- Nontaxable benefits
- $3,930
- Filer's total
- $237,767
-
Kwamina Orleans-PobeeKWAMINA ORLEANS-POBEE
SENIOR GROWTH ENGINEER
- Total calculated
- $236,034
- From this org
- $227,698
- From related orgs
- $0
- Other
- $8,336
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $174,234
- Bonus
- $42,534
- Other
- $10,930
- Deferred
- $0
- Nontaxable benefits
- $8,336
- Filer's total
- $236,034
-
Samuel KreterSAMUEL KRETER
SENIOR PROGRAM ENGINEER
- Total calculated
- $219,701
- From this org
- $208,727
- From related orgs
- $0
- Other
- $10,974
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $170,834
- Bonus
- $29,601
- Other
- $8,292
- Deferred
- $0
- Nontaxable benefits
- $10,974
- Filer's total
- $219,701
-
Alex NawarALEX NAWAR
REGIONAL DIRECTOR
- Total calculated
- $211,236
- From this org
- $211,236
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $149,791
- Bonus
- $42,179
- Other
- $19,266
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $211,236
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, 2022, 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
- 2022
- Filed
- 21 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323259349300907
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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