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Nonprofiteer
← RF CATALYTIC CAPITAL INC

Form 990 for tax year 2024

Filed by RF CATALYTIC CAPITAL INC.

Totals

Total revenue
$167,640,233
Total expenses
$178,269,283
Contributions and grants received
$162,061,323
Grants paid
$117,755,309
Program service revenue
$0
Investment income
$5,963,440
Other revenue
-$384,530
Total assets, end of year
$268,620,483
Total liabilities, end of year
$88,583,593
Net assets or fund balances, end of year
$180,036,890
Program services expenses (Part IX)
$172,541,804
Management and general expenses
$3,414,082
Fundraising expenses
$2,313,397
Program service expenses (Part III)
$172,541,804

Program services were 96.8% 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.

  • 1b · Membership dues

    $475,000

  • 1d · Related organizations

    $70,301,137

  • 1f · All other contributions, gifts and grants

    $91,285,186

  • 3 · Investment income

    total $1,710,828 · excluded $1,710,828

  • 7a · Gross sales of assets other than inventory

    securities $107,250,000

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

    securities $102,997,388

  • 7c · Gain or loss

    securities $4,252,612

  • 7d · Net gain or loss

    total $4,252,612 · excluded $4,252,612

  • 11a · Other revenue: FOREIGN EXCHANGE LOSS

    total -$384,530 · excluded -$384,530

  • 11e · Other revenue, total

    -$384,530

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $99,709,017 · program services $99,709,017

  • 3 · Grants to foreign organizations and individuals

    total $18,046,292 · program services $18,046,292

  • 5 · Compensation of officers, directors and key employees

    total $1,554,076 · program services $1,554,076

  • 7 · Other salaries and wages

    total $21,299,750 · program services $19,719,688 · fundraising $1,580,062

  • 8 · Pension plan contributions

    total $1,642,275 · program services $1,642,275

  • 9 · Other employee benefits

    total $942,332 · program services $942,332

  • 10 · Payroll taxes

    total $2,355,247 · program services $2,355,247

  • 11b · Fees: legal

    total $2,158,629 · program services $1,725,056 · management and general $433,573

  • 11c · Fees: accounting

    total $558,321 · program services $558,321

  • 11d · Fees: lobbying

    total $311,500 · program services $311,500

  • 11e · Fees: professional fundraising services

    total $501,102 · fundraising $501,102

  • 11f · Fees: investment management

    total $2,191,783 · management and general $2,191,783

  • 11g · Fees: other

    total $15,548,831 · program services $14,997,875 · management and general $367,950 · fundraising $183,006

  • 12 · Advertising and promotion

    total $341,893 · program services $341,893

  • 13 · Office expenses

    total $355,787 · program services $225,651 · management and general $130,136

  • 14 · Information technology

    total $1,783,229 · program services $1,494,842 · management and general $288,387

  • 16 · Occupancy

    total $4,789,778 · program services $4,789,778

  • 17 · Travel

    total $2,319,281 · program services $2,267,801 · management and general $2,253 · fundraising $49,227

  • 19 · Conferences, conventions and meetings

    total $179,004 · program services $179,004

  • 22 · Depreciation, depletion and amortization

    total $620,323 · program services $620,323

  • 23 · Insurance

    total $746,074 · program services $746,074

  • 24a · Other expenses: FOREIGN TAXES

    total $314,759 · program services $314,759

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $113,690,609 · end of year $124,572,903

  • 3 · Pledges and grants receivable

    beginning of year $59,550,052 · end of year $38,272,772

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,521,619 · end of year $2,785,099

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

    $3,831,829

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

    $769,998

  • 10c · Land, buildings and equipment, net

    beginning of year $2,815,995 · end of year $3,061,831

  • 12 · Investments: other securities

    beginning of year $83,136,452 · end of year $54,996,031

  • 13 · Investments: program-related

    beginning of year $15,484,773 · end of year $20,072,221

  • 15 · Other assets

    beginning of year $7,091,025 · end of year $24,859,626

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,658,224 · end of year $3,311,757

  • 18 · Grants payable

    beginning of year $88,360,597 · end of year $56,398,012

  • 19 · Deferred revenue

    beginning of year $250,000 · end of year $648,082

  • 25 · Other liabilities

    beginning of year $7,428,591 · end of year $28,225,742

  • 27 · Net assets without donor restrictions

    beginning of year $8,884,943 · end of year $12,003,450

  • 28 · Net assets with donor restrictions

    beginning of year $169,708,170 · end of year $168,033,440

Mission and programs · 2024

Mission

SEE SCHEDULE O

Activities or mission (Part I)

PROVIDING VISIONARY SOLUTIONS THROUGH PARTNERSHIPS WITH LIKE-MINDED FUNDERS TO (SEE SCHEDULE O) IMPROVE THE LIVES OF VULNERABLE PEOPLE AROUND THE WORLD

  • SEE SCHEDULE O

    Expenses $94,003,722 · Grants $89,118,000

  • SEE SCHEDULE O

    Expenses $69,189,571 · Grants $24,737,309

  • SEE SCHEDULE O

    Expenses $4,093,645 · Grants $3,400,000

  • PPI PANDEMIC PREVENTION INSTITUTE, LLC (PPI): PPI AIMS TO BUILD AN EQUITABLE, REPRESENTATIVE NETWORK OF PUBLIC HEALTH DATA SYSTEMS THAT RESPECTS SOVEREIGNTY, UPHOLDS THE HIGHEST ETHICAL STANDARDS, AND EMPOWERS DECISION-MAKERS TO RESPONDS EFFICIENTLY AND EFFECTIVELY TO PATHOGEN THREATS. DURING 2022, BECAUSE OF SIGNIFICANT SHIFTS IN PANDEMIC PREVENTION AND OVERALL RESPONSE LANDSCAPE, THE MANAGEMENT OF ROCKEFELLER FOUNDATION AND RFCC DECIDED TO NO LONGER PURSUE THE PANDEMIC PREVENTION INSTITUTE (PPI) AS A SEPARATE SUBSIDIARY OF RFCC. THE DECISION IS BASED ON ROCKEFELLER FOUNDATION'S BELIEF THAT THE BEST WAY TO ENSURE THE WORLD HAS THE CAPACITY TO PREVENT FUTURE PANDEMICS IS TO MANAGE THIS INITIATIVE INTERNALLY AND ENGAGE MORE DEEPLY WITH ORGANIZATIONS THAT SHARE A COMMON AMBITION. ROCKEFELLER FOUNDATION WILL CONTINUE TO LEVERAGE AND TAKE ADVANTAGE OF OPPORTUNITIES THAT EXIST IN THE PANDEMIC PREVENTION LANDSCAPE, THROUGH EXISTING CAPACITY AND CONNECTIONS THAT WERE CULTIVATED AS PART OF ROCKEFELLER FOUNDATION'S BROADER CLIMATE AND HEALTH STRATEGY.EXPENSES $3,599,300 INCLUDING GRANTS OF $0 LINE 4D-THE ECONOMIC OPPORTUNITY COALITION (EOC): EOC AIMS TO ALIGN PRIVATE AND FEDERAL INVESTMENTS TOWARD ADDRESSING ECONOMIC DISPARITIES, ACCELERATING OPPORTUNITY AND CREATING WEALTH IN LOW INCOME, RURAL AND OTHER UNDERSERVED COMMUNITIES ACROSS AMERICA EXPENSES $ 739,875 INCLUDING GRANTS OF $0LINE 4D-PERIODIC TABLE OF FOOD INITIATIVE (PTFI): BRINGS FORWARD TO A VISION TO TRANSFORM CONTRIBUTION OF FOOD DIVERSITY TO HUMAN HEALTH AND AGRICULTURAL SUSTAINABILITY. PTFI WILL IDENTITY FOOD COMPOSITION THROUGH DISTRIBUTION, RECEIPT AND ANALYSIS OF FOOD SAMPLE KITS USING MASS SPECTROMETRY. IN AN EFFORT TO DEMOCRATIZE INFORMATION AT GLOBAL SCALE, RESULTS WILL BE STORED IN A CENTRALIZED DATABASE AVAILABLE TO ANY INSTITUTION, PUBLIC LAB, OR PRIVATE LAB. PTFI AIMS TO CREATE A CENTRALIZED INFRASTRUCTURE FOR INSTITUTIONS AND LABS AROUND THE WORLD TO SUPPORT RESEARCH AND INNOVATION IN THE FIELDS OF FOOD, DIET, HEALTH, NUTRITION AND ENVIRONMENT. EXPENSES $ 500,000 INCLUDING GRANTS OF $500,000LINE 4D-CLIMATE X HEALTH: SUPPORTS THE COMMISSIONING OF A WHITE PAPER LAUNCHED AT THE 55TH ANNUAL MEETING OF THE WORLD ECONOMIC FORUM. IT WAS SUPPORTED BY THREE ENDORSING ORGANIZATIONS OF THE COP28 GUIDING PRINCIPLES FOR FINANCING CLIMATE AND HEALTH SOLUTIONS.EXPENSES $ 321,906 INCLUDING GRANTS OF $0 LINE 4D-BRETTON WOODS INITIATIVE AT 80 (BWI @ 80): CONVENING THE COLLECTIVE KNOWLEDGE OF THE WORLD TO DEVELOP A FUTURE ECONOMIC STRATEGY THAT FINANCIALLY EMPOWERS THE GLOBAL SOUTH. EXPENSES $ 93,787 INCLUDING GRANTS OF $0

    Expenses $5,254,866 · Grants $500,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Erica Guyer

    SECRETARY

    Total calculated
    $624,750
    From this org
    $0
    From related orgs
    $547,611
    Other
    $77,139
    Hours/week
    17.5 + 17.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $546,303 related
    Bonus
    $0
    Other
    $0 + $1,308 related
    Deferred
    $0 + $51,750 related
    Nontaxable benefits
    $0 + $25,389 related
    Filer's total
    $0 + $624,750 related

  • Natalye Paquin

    PRESIDENT

    Total calculated
    $967,984
    From this org
    $0
    From related orgs
    $887,245
    Other
    $80,739
    Hours/week
    2 + 33 related

    Schedule J breakdown matched by us

    Base
    $0 + $881,488 related
    Bonus
    $0
    Other
    $0 + $5,757 related
    Deferred
    $0 + $74,750 related
    Nontaxable benefits
    $0 + $5,989 related
    Filer's total
    $0 + $967,984 related

  • Robert Hillman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Geraldine F Watson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Irena Dimario

    INTERIM-TREASURER (THRU 2/2024)

    Total calculated
    $377,816
    From this org
    $0
    From related orgs
    $291,145
    Other
    $86,671
    Hours/week
    5 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $281,176 related
    Bonus
    $0 + $8,000 related
    Other
    $0 + $1,969 related
    Deferred
    $0 + $43,279 related
    Nontaxable benefits
    $0 + $43,392 related
    Filer's total
    $0 + $377,816 related

  • Keith Olson

    TREASURER (AS OF 03/2024)

    Total calculated
    $603,006
    From this org
    $0
    From related orgs
    $508,712
    Other
    $94,294
    Hours/week
    5 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $505,783 related
    Bonus
    $0
    Other
    $0 + $2,929 related
    Deferred
    $0 + $51,750 related
    Nontaxable benefits
    $0 + $42,544 related
    Filer's total
    $0 + $603,006 related

  • Dwanye Montaque

    ASSISTANT TREASURER

    Total calculated
    $342,293
    From this org
    $0
    From related orgs
    $278,514
    Other
    $63,779
    Hours/week
    17.5 + 17.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $253,658 related
    Bonus
    $0 + $24,000 related
    Other
    $0 + $856 related
    Deferred
    $0 + $39,000 related
    Nontaxable benefits
    $0 + $24,779 related
    Filer's total
    $0 + $342,293 related

  • Nancy Juette

    ASSISTANT SECRETARY

    Total calculated
    $292,676
    From this org
    $0
    From related orgs
    $235,901
    Other
    $56,775
    Hours/week
    28 + 7 related

    Schedule J breakdown matched by us

    Base
    $0 + $234,089 related
    Bonus
    $0
    Other
    $0 + $1,812 related
    Deferred
    $0 + $35,627 related
    Nontaxable benefits
    $0 + $21,148 related
    Filer's total
    $0 + $292,676 related

  • Woochong Um

    CEO OF GEAPP (AS OF 10/2024)

    Total calculated
    $329,002
    From this org
    $292,521
    From related orgs
    $0
    Other
    $36,481
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $277,134
    Bonus
    $0
    Other
    $15,387
    Deferred
    $27,713
    Nontaxable benefits
    $8,768
    Filer's total
    $329,002

  • Joseph Karanja Nganga

    INTERIM CEO OF GEAPP (THRU 10/24)

    Total calculated
    $539,391
    From this org
    $508,022
    From related orgs
    $0
    Other
    $31,369
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $507,022
    Bonus
    $0
    Other
    $1,000
    Deferred
    $14,702
    Nontaxable benefits
    $16,667
    Filer's total
    $539,391

  • Peter Colavito

    EXECUTIVE DIRECTOR, IOF

    Total calculated
    $490,901
    From this org
    $393,444
    From related orgs
    $0
    Other
    $97,457
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $390,126
    Bonus
    $0
    Other
    $3,318
    Deferred
    $51,750
    Nontaxable benefits
    $45,707
    Filer's total
    $490,901

  • Sundaa Bridgett-Jones

    CHIEF PARTNERSHIP OFFICER OF GEAPP

    Total calculated
    $442,116
    From this org
    $365,335
    From related orgs
    $0
    Other
    $76,781
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $364,335
    Bonus
    $0
    Other
    $1,000
    Deferred
    $36,434
    Nontaxable benefits
    $40,347
    Filer's total
    $442,116

  • Stephen Sidebottom

    COO OF GEAPP (THRU 10/2024)

    Total calculated
    $472,859
    From this org
    $401,197
    From related orgs
    $0
    Other
    $71,662
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $344,793
    Bonus
    $0
    Other
    $56,404
    Deferred
    $34,116
    Nontaxable benefits
    $37,546
    Filer's total
    $472,859

  • Stefana Fairholme

    CHIEF INVESTMENT OFFICER OF GEAPP

    Total calculated
    $452,857
    From this org
    $411,777
    From related orgs
    $0
    Other
    $41,080
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $410,799
    Bonus
    $0
    Other
    $978
    Deferred
    $41,080
    Nontaxable benefits
    $0
    Filer's total
    $452,857

  • Elizabeth Small

    CHIEF LEGAL OFFICER OF GEAPP

    Total calculated
    $409,845
    From this org
    $335,999
    From related orgs
    $0
    Other
    $73,846
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $334,999
    Bonus
    $0
    Other
    $1,000
    Deferred
    $33,499
    Nontaxable benefits
    $40,347
    Filer's total
    $409,845

  • Kitty Bu

    VP SE ASIA OF GEAPP

    Total calculated
    $520,071
    From this org
    $477,092
    From related orgs
    $0
    Other
    $42,979
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $381,622
    Bonus
    $0
    Other
    $95,470
    Deferred
    $42,979
    Nontaxable benefits
    $0
    Filer's total
    $520,071

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

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 4a · Severance or change-of-control payment

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 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

The filer's explanations (Part III)

PART I, LINE 1A
UM WOOCHONG, CEO OF GEAPP, RECEIVED A SHORT-TERM HOUSING ALLOWANCE FROM THE FILING ORGANIZATION IN CALENDAR YEAR 2024 IN ORDER TO RELOCATE FOR THE POSITION. THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III).
PART I, LINE 3
PROCESS FOR ESTABLISHING COMPENSATION THE ROCKEFELLER FOUNDATION, A RELATED ORGANIZATION OF THE FILING ORGANIZATION, USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT: -INDEPENDENT COMPENSATION CONSULTANT -APPROVAL BY THE BOARD -COMPENSATION SURVEY OR STUDY
PART I, LINE 4A
STEPHEN SIDEBOTTOM, COO OF GEAPP, RECEIVED A SEVERANCE PAYMENT OF $55,917 IN CALENDAR YEAR 2024. THIS AMOUNT IS REPORTED IN FORM 990, SCHEDULE J, PART II, COLUMN (B)(III).

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

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.

  • PERIODIC TABLE OF FOOD INITIATIVE LLC

    SUPPORT THE CREATION OF A PUBLIC DATABASE OF THE COMPOSITION & FUNC. OF FOOD · NY · income $500,000 · assets $0

    Directly controlled by RF CATALYTIC CAPITAL INC

  • GLOBAL ENERGY ALLIANCE FOR PEOPLE AND PLANET LLC (GEAPP)

    SCALING INCLUSIVE ENERGY TRANSITIONS ACROSS EMERGING ECONOMIES · DE · income $86,099,076 · assets $142,495,622

    Directly controlled by RF CATALYTIC CAPITAL INC

  • PANDEMIC PREVENTION INSTITUTE LLC

    TO BUILD AN EQUITABLE, REPRESENTATIVE NETWORK OF PUBLIC HEALTH DATA SYSTEMS · DE · income $0 · assets $0

    Directly controlled by RF CATALYTIC CAPITAL INC

  • GEAPP UK LIMITED

    SERVICE COMPANY · UK · income $25,103,309 · assets $3,918,688

    Directly controlled by GEAPP LLC

  • GEAPP S'PORE PTE LIMITED

    SERVICE COMPANY · SN · income $2,419,296 · assets $322,426

    Directly controlled by GEAPP UK LIMITED

  • GEAPP SERVICE CO (KE) LIMITED

    SERVICE COMPANY · KE · income $6,481,179 · assets $443,807

    Directly controlled by GEAPP UK LIMITED

  • GEAPP SA (PTY) LIMITED

    SERVICE COMPANY · SF · income $711,284 · assets $22,892

    Directly controlled by GEAPP UK LIMITED

  • HALLEMEAD (SERVICE COMPANY) PRIVATE LTD

    SERVICE COMPANY · IN · income $3,532,999 · assets $759,641

    Directly controlled by GEAPP UK LIMITED GEAPP S'PORE PTE LIMITED

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • PX VENTURE (A) LLC

    N/A · ALTERNATIVE INVESTMENTS · NY

    Directly controlled by THE ROCKEFELLER FOUNDATION

  • PX VENTURES (B) LLC

    N/A · ALTERNATIVE INVESTMENTS · NY

    Directly controlled by THE ROCKEFELLER FOUNDATION

  • PX VENTURES (C) LLC

    N/A · ALTERNATIVE INVESTMENTS · NY

    Directly controlled by THE ROCKEFELLER FOUNDATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ETAFA AFRICA LIMITED

    C · DISTRIBUTING RENEWABLE ENERGY IN NIGERIA · NI · 91% owned · share of income $895,715 · share of assets $10,035,994 · controlled entity

    Directly controlled by GEAPP LLC

Provenance

Return type
form_990
Tax year
2024
Filed
7 November 2025
IRS schema version
2024v5.2
Source object
202513119349303756

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