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Nonprofiteer
← GLOBAL DISTRIBUTION FUND INC

Form 990 for tax year 2022

Filed by GLOBAL DISTRIBUTION FUND INC.

Totals

Total revenue
$882,454
Total expenses
$1,047,024
Contributions and grants received
$882,454
Grants paid
$651,549
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,329,228
Total liabilities, end of year
$10,263
Net assets or fund balances, end of year
$1,318,965
Program services expenses (Part IX)
$695,199
Management and general expenses
$351,626
Fundraising expenses
$199
Program service expenses (Part III)
$695,199

Program services were 66.4% 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.

  • 1f · All other contributions, gifts and grants

    $882,454

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: REFUNDS OF PAST PROGRAM AWARDS

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,000 · program services $20,000

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $631,549 · program services $631,549

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $130,000 · management and general $130,000

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $123,641 · management and general $123,641

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $4,296 · management and general $4,296

  • 10 · Payroll taxes

    total $20,213 · management and general $20,213

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $9,825 · management and general $9,825

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $199 · fundraising $199

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $9,886 · management and general $9,886

  • 12 · Advertising and promotion

    total $24,682 · management and general $24,682

  • 13 · Office expenses

    total $1,173 · management and general $1,173

  • 14 · Information technology

    total $113 · management and general $113

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $8,392 · management and general $8,392

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $9,817 · management and general $9,817

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: TRAINING

    total $43,650 · program services $43,650

  • 24b · Other expenses: MISCELLANEOUS

    total $3,000 · management and general $3,000

  • 24c · Other expenses: COMPLIANCE COSTS

    total $2,926 · management and general $2,926

  • 24d · Other expenses: BANK CHARGES

    total $1,979 · management and general $1,979

  • 24e · All other expenses

    total $1,683 · management and general $1,683

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,485,669 · end of year $1,329,228

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

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

    $1,918

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

    $1,918

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 25 · Other liabilities

    beginning of year $2,134 · end of year $10,263

  • 27 · Net assets without donor restrictions

    beginning of year $1,202,585 · end of year $1,075,015

  • 28 · Net assets with donor restrictions

    beginning of year $280,950 · end of year $243,950

Mission and programs · 2022

Mission

D-PRIZE IS DEDICATED TO INCREASING ACCESS TO POVERTY SOLUTIONS IN THE DEVELOPING WORLD. WE HELP SUPPORT NEW ORGANIZATIONS AND INDIVIDUALS THAT ARE DISTRIBUTING PROVEN SOLUTIONS TO THE BILLIONS OF PEOPLE IN NEED.

  • PROVIDED FUNDING TO APPROXIMATELY OVER 30 VARIOUS STARTUP ORGANIZATIONS THAT ARE CREATING ACCESS TO POVERTY SOLUTIONS IN APPROXIMATELY 15 DIFFERENT COUNTRIES. THE OBJECTIVE IS TO CONTINUE TO FIND WAYS TO DISTRIBUTE PROVEN POVERTY INTERVENTIONS ON A MASS SCALE.

    Expenses $695,199

As filed on the 2022 return.

Listed in Part VII

  • Nicholas Fusso

    Vice President

    Total calculated
    $130,000
    From this org
    $130,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Clifford Frey

    Director

    Total calculated
    $0
    Hours/week
    1
  • May Lim

    Director

    Total calculated
    $0
    Hours/week
    1
  • Andrew Youn

    Director

    Total calculated
    $0
    Hours/week
    1
  • Paul Youn

    President & CEO

    Total calculated
    $0
    Hours/week
    1
  • Charlot Magayi

    Director

    Total calculated
    $0
    Hours/week
    1
  • Moitshepi Matsheng

    Director

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

  • OPEN HEALTH NETWORK

    $20,000

    HEALTH EDUCATION

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2023
IRS schema version
2022v5.0
Source object
202331359349308303

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