Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $377,735,536

• 1e · Government grants (contributions)

  $1,862,274,293

• 1f · All other contributions, gifts and grants

  $30,143,759

• 1g · Noncash contributions included above

  $309,627,599

• 3 · Investment income

  total $349,559,545 · excluded $349,559,545

• 7a · Gross sales of assets other than inventory

  securities $165,565,105 · other assets $27,917

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

  securities $163,989,590 · other assets $0

• 7c · Gain or loss

  securities $1,575,515 · other assets $27,917

• 7d · Net gain or loss

  total $1,603,432 · excluded $1,603,432

• 11a · Other revenue: OTHER REVENUE

  total $5,029,373 · excluded $5,029,373

• 11b · Other revenue: FC TRANSLATION ADJ.

  total $3,864,733 · excluded $3,864,733

• 11e · Other revenue, total

  $8,894,106

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $125,267,680 · program services $125,267,680

• 3 · Grants to foreign organizations and individuals

  total $3,399,136,014 · program services $3,399,136,014

• 5 · Compensation of officers, directors and key employees

  total $3,471,262 · program services $2,053,250 · management and general $920,233 · fundraising $497,779

• 7 · Other salaries and wages

  total $54,789,696 · program services $32,406,833 · management and general $14,527,688 · fundraising $7,855,175

• 8 · Pension plan contributions

  total $11,477,990 · program services $6,788,966 · management and general $3,043,428 · fundraising $1,645,596

• 9 · Other employee benefits

  total $14,159,658 · program services $8,375,122 · management and general $3,754,455 · fundraising $2,030,081

• 10 · Payroll taxes

  total $1,424,947 · program services $842,825 · management and general $377,826 · fundraising $204,296

• 11b · Fees: legal

  total $1,261,895 · management and general $1,261,895

• 11c · Fees: accounting

  total $713,382 · management and general $713,382

• 11d · Fees: lobbying

  total $277,200 · program services $277,200

• 11f · Fees: investment management

  total $5,257,297 · management and general $5,257,297

• 11g · Fees: other

  total $60,428,027 · program services $33,845,015 · management and general $11,886,320 · fundraising $14,696,692

• 12 · Advertising and promotion

  total $893,025 · program services $377,081 · management and general $11,848 · fundraising $504,096

• 13 · Office expenses

  total $6,870,007 · program services $4,402,475 · management and general $1,523,975 · fundraising $943,557

• 14 · Information technology

  total $4,294,950 · program services $2,882,641 · management and general $805,545 · fundraising $606,764

• 16 · Occupancy

  total $4,828,119 · program services $3,093,981 · management and general $1,071,023 · fundraising $663,115

• 17 · Travel

  total $7,517,093 · program services $5,352,950 · management and general $851,823 · fundraising $1,312,320

• 19 · Conferences, conventions and meetings

  total $4,394,851 · program services $1,350,396 · management and general $1,606,040 · fundraising $1,438,415

• 22 · Depreciation, depletion and amortization

  total $1,065,059 · program services $682,517 · management and general $236,262 · fundraising $146,280

• 23 · Insurance

  total $766,452 · program services $491,162 · management and general $170,022 · fundraising $105,268

• 24a · Other expenses: TRAINING & RECRUITMENT

  total $1,305,185 · management and general $1,305,185

• 26 · Joint costs (an allocation of the lines above)

  total $42,084,146 · program services $28,382,599 · management and general $7,709,281 · fundraising $5,992,266

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $19,778,047 · end of year $14,300,731

• 2 · Savings and temporary cash investments

  beginning of year $6,886,494,482 · end of year $6,808,004,210

• 3 · Pledges and grants receivable

  beginning of year $1,961,055,637 · end of year $1,506,164,534

• 9 · Prepaid expenses and deferred charges

  beginning of year $611,549,794 · end of year $154,105,390

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

  $9,424,561

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

  $7,969,530

• 10c · Land, buildings and equipment, net

  beginning of year $2,211,826 · end of year $1,455,031

• 12 · Investments: other securities

  beginning of year $1,028,190,736 · end of year $1,301,455,921

• 15 · Other assets

  beginning of year $836,096,926 · end of year $515,760,750

• 17 · Accounts payable and accrued expenses

  beginning of year $50,376,809 · end of year $230,456,601

• 18 · Grants payable

  beginning of year $36,793,003 · end of year $463,446,843

• 19 · Deferred revenue

  beginning of year $873,650,200 · end of year $1,067,371,453

• 25 · Other liabilities

  beginning of year $2,001,999,253 · end of year $1,044,655,248

• 27 · Net assets without donor restrictions

  beginning of year $2,172,353,383 · end of year $1,761,702,186

• 28 · Net assets with donor restrictions

  beginning of year $6,210,204,800 · end of year $5,733,614,236

The filer's explanations (Part III)

PART I, LINE 1A

UNDER AN AGREEMENT WITH THE SWISS GOVERNMENT, NON-SWISS EMPLOYEES OF THE GAVI ALLIANCE WORKING IN GENEVA, SWITZERLAND ARE EXEMPT FROM SWISS FEDERAL, CANTONAL AND COMMUNAL TAXES ON SALARIES AND ALLOWANCES PAID TO THEM BY THE GAVI ALLIANCE. AS THE GAVI ALLIANCE IN GENEVA OPERATES AN INTERNAL TAX SCHEME, EMPLOYEES OF SWISS NATIONALITY ARE ALSO EXEMPT FROM SWISS FEDERAL, CANTONAL AND COMMUNAL TAXES ON SALARIES AND ALLOWANCES PAID TO THEM BY THE GAVI ALLIANCE. TO ENSURE EQUITY AMONGST GAVI EMPLOYEES, CERTAIN ELIGIBLE EMPLOYEES WHO HAVE A FOREIGN TAX LIABILITY ON THEIR GAVI SALARY AND ALLOWANCES (E.G. US NATIONALS AND EMPLOYEES LIVING IN FRANCE) MAY RECEIVE ASSISTANCE FROM GAVI IN MEETING THEIR TAX OBLIGATIONS IN ACCORDANCE WITH GAVI'S FOREIGN TAX POLICY. IN ADDITION, FOR THE YEAR ENDED DECEMBER 31, 2023, THE CHIEF EXECUTIVE OFFICER RECEIVED A HOUSING ALLOWANCE OF CHF 10,600 WHICH WAS TREATED AS TAXABLE COMPENSATION.

PART I, LINE 4A

DURING THE YEAR ENDED DECEMBER 31, 2023, SEVERANCE WAS PAID TO CATHERINE PAWLOW, DIRECTOR, HUMAN SERVICES, IN THE AMOUNT OF $345,681, AND TO SUSAN MACKAY, HEAD, DEMAND, COMMUNITIES & GENDER, IN THE AMOUNT OF $299,551.

SCHEDULE J, PART II, COLUMN (B)(III):

OTHER REPORTABLE COMPENSATION - THIS INCLUDES ALLOWANCES DUE TO EMPLOYEES UNDER GAVI'S HR POLICY, INCLUDING ALLOWANCES FOR RELOCATION, EDUCATION GRANT AND REIMBURSEMENT OF NON-SWISS TAXES ON GAVI INCOME. GAVI'S REPORTED COMPENSATION, AS VALUED IN SWISS FRANCS (CHF) IS: A | BASE COMPENSATION B | BONUS AND INCENTIVE "OTHER REPORTED COMPENSATION" INCLUDES THE FOLLOWING: C | US TAX REIMBURSEMENT D | EDUCATION GRANT E | OTHER BENEFITS, INCLUDING SEVERANCE PAYMENTS F | RETIREMENT PLAN G | NONTAXABLE HEALTH INSURANCE DR. SETH BERKLEY 2022 | A) 399,756, B) 15,702, C) 208,423, D) 48,400 E) 18,000, F) 90,086, G) 19,500 2023 | A) 256,025, B) 0, C) 108,923, D) 0, E) 92,638, F) 57,696, G) 14,663 BRENDA KILLEN 2022 | A) 189,156, B) 7,317, C) 0, D) 48,400 E) 0, F) 40,479, G) 13,428 2023 | A) 192,934, B) 0, C) 0, D) 24,200, E) 0, F) 41,491, G) 13,668 ASSIETOU DIOUF 2022 | A) 214,058, B) 4,245, C) 0, D) 0, E) 0, F) 46,982, G) 19,364 2023 | A) 214,064, B) 0, C) 0, D) 0, E) 0, F) 46,982, G) 10,008 ANURADHA GUPTA 2022 | A) 224,402, B) 15,595, C) 0, D) 0, E) 58,856, F) 50,569, G) 8,724 2023 | REPORTABLE COMPENSATION NOT REQUIRED FOR THIS PERIOD. THABANI MAPHOSA 2022 | A) 206,180, B) 4,088, C) 0, D) 24,200, E) 0, F) 44,884, G) 16,896 2023 | A) 216,190, B) 0, C) 0, D) 24,200, E) 0, F) 47,538, G) 17,148 PASCAL BAROLLIER 2022 | A) 246,573, B) 4,890, C) 0, D) 0, E) 0, F) 55,411, G) 24,720 2023 | A) 252,038, B) 0, C) 0, D) 0, E) 0, F) 56,797, G) 25,020 MARIE-ANGE SARAKA-YAO 2022 | A) 252,677, B) 10,007, C) 0, D) 0, E) 0, F) 56,941, G) 4,944 2023 | A) 258,011, B) 8,560, C) 0, D) 0, E) 0, F) 58,144, G) 5,004 ANDREW MENDS 2022 | A) 207,710, B) 4,122, C) 0, D) 48,400, E) 0, F) 45,310, G) 13,428 2023 | A) 211,895, B) 0, C) 0, D) 48,400, E) 0, F) 46,443, G) 13,668 DAVID MARLOW 2022 | A) 119,360, B) 0, C) 8,903, D) 0, E) 28,334, F) 26,747, G) 8,462 2023 | A) 263,797, B) 0, C) 137,232, D) 0, E) 0, F) 55,716, G) 16,511 DERRICK SIM 2022 | A) 194,615, B) 3,595, C) 0, D) 0, E) 0, F) 40,803, G) 20,376 2023 | A) 205,756, B) 0, C) 0, D) 0, E) 0, F) 44,417, G) 20,016 HANAH BURRIS 2022 | A) 177,674, B) 3,343, C) 51,696, D) 72,600, E) 0, F) 37,542, G) 13,428 2023 | REPORTABLE COMPENSATION NOT REQUIRED FOR THIS PERIOD. AURELIA NGUYEN 2022 | A) 218,948, B) 9,848, C) 0, D) 0, E) 0, F) 49,341, G) 7,472 2023 | A) 258,011, B) 3,311, C) 0, D) 0, E) 0, F) 58,144, G) 8,664 CATHERINE PAWLOW 2022 | REPORTABLE COMPENSATION NOT REQUIRED FOR THIS PERIOD. 2023 | A) 224,326, B) 5,608, C) 0, D) 0, E) 251,614, F) 49,609, G) 10,008 SUSAN MACKAY 2022 | REPORTABLE COMPENSATION NOT REQUIRED FOR THIS PERIOD. 2023 | A) 79,709, B) 0, C) 0, D) 0, E) 250,901, F) 16,378, G) 5,004 ALEX DE JONQUIERES 2022 | REPORTABLE COMPENSATION NOT REQUIRED FOR THIS PERIOD. 2023 | A) 215,998, B) 3,949, C) 0, D) 48,400, E) 0, F) 47,472, G) 13,668 EDMOND GROVE 2022 | A) 208,854, B) 4,141, C) 0, D) 48,400, E) 0, F) 45,621, G) 13,428 2023 | A) 213,350, B) 0, C) 0, D) 61,542, E) 0, F) 46,762 G) 13,668 THE CHF-USD EXCHANGE RATE IS 1.0495 IN 2022 AND 1.1149 IN 2023. ALL OF GAVI ALLIANCE'S HIGHEST COMPENSATED EMPLOYES ARE BASED IN GENEVA, SWITZERLAND. THESE EMPLOYEES' SALARIES REFLECTED THE COST OF LIVING IN GENEVA AND INCLUDE BENEFITS SUCH AS EDUCATION GRANT AND US TAX REIMBURSEMENT. THE BENEFITS PROVIDED TO EMPLOYEES ARE COMPARABLE TO THOSE PROVIDED BY OTHER INTERNATIONAL NON-FOR-PROFIT ORGANISATIONS.