Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $365,836,386

• 1e · Government grants (contributions)

  $1,621,557,263

• 1f · All other contributions, gifts and grants

  $23,232,793

• 1g · Noncash contributions included above

  $2,320,380

• 3 · Investment income

  total $344,129,080 · excluded $344,129,080

• 7a · Gross sales of assets other than inventory

  securities $210,479,790 · other assets $19,006

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

  securities $186,955,716 · other assets $0

• 7c · Gain or loss

  securities $23,524,074 · other assets $19,006

• 7d · Net gain or loss

  total $23,543,080 · excluded $23,543,080

• 11a · Other revenue: FC TRANSLATION ADJ.

  total $169,116,375 · excluded $169,116,375

• 11b · Other revenue: OTHER REVENUE

  total $2,307 · excluded $2,307

• 11e · Other revenue, total

  $169,118,682

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $151,169,405 · program services $151,169,405

• 3 · Grants to foreign organizations and individuals

  total $2,761,619,556 · program services $2,761,619,556

• 5 · Compensation of officers, directors and key employees

  total $3,999,278 · program services $2,442,360 · management and general $1,010,220 · fundraising $546,698

• 7 · Other salaries and wages

  total $67,377,749 · program services $41,147,546 · management and general $17,021,052 · fundraising $9,209,151

• 8 · Pension plan contributions

  total $13,120,458 · program services $8,012,655 · management and general $3,314,503 · fundraising $1,793,300

• 9 · Other employee benefits

  total $15,615,440 · program services $9,536,339 · management and general $3,944,779 · fundraising $2,134,322

• 10 · Payroll taxes

  total $1,588,827 · program services $970,296 · management and general $401,370 · fundraising $217,161

• 11b · Fees: legal

  total $1,333,393 · management and general $1,333,393

• 11c · Fees: accounting

  total $922,839 · management and general $922,839

• 11d · Fees: lobbying

  total $228,000 · program services $228,000

• 11f · Fees: investment management

  total $4,367,479 · management and general $4,367,479

• 11g · Fees: other

  total $56,911,340 · program services $26,612,525 · management and general $15,021,378 · fundraising $15,277,437

• 12 · Advertising and promotion

  total $911,681 · program services $260,817 · management and general $9,506 · fundraising $641,358

• 13 · Office expenses

  total $9,418,879 · program services $6,018,108 · management and general $1,950,843 · fundraising $1,449,928

• 14 · Information technology

  total $5,132,714 · program services $3,322,158 · management and general $1,064,133 · fundraising $746,423

• 16 · Occupancy

  total $3,019,682 · program services $1,929,399 · management and general $625,438 · fundraising $464,845

• 17 · Travel

  total $8,423,204 · program services $5,546,767 · management and general $1,168,310 · fundraising $1,708,127

• 19 · Conferences, conventions and meetings

  total $5,164,755 · program services $1,443,839 · management and general $1,506,004 · fundraising $2,214,912

• 22 · Depreciation, depletion and amortization

  total $890,005 · program services $568,661 · management and general $184,338 · fundraising $137,006

• 23 · Insurance

  total $473,828 · program services $302,748 · management and general $98,140 · fundraising $72,940

• 24a · Other expenses: TRAINING & RECRUITMENT

  total $1,795,893 · management and general $1,795,893

• 24b · Other expenses: REGISTERED CHARITY FEES

  total $39,367 · fundraising $39,367

• 24c · Other expenses: MAINTENANCE & REPAIR

  total $8,371 · program services $5,348 · management and general $1,734 · fundraising $1,289

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

  total $44,081,947 · program services $28,995,945 · management and general $8,506,153 · fundraising $6,579,849

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $14,300,731 · end of year $55,861,227

• 2 · Savings and temporary cash investments

  beginning of year $6,808,004,210 · end of year $6,775,243,939

• 3 · Pledges and grants receivable

  beginning of year $1,506,164,534 · end of year $738,930,668

• 9 · Prepaid expenses and deferred charges

  beginning of year $154,105,390 · end of year $81,025,477

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

  $8,911,996

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

  $6,390,908

• 10c · Land, buildings and equipment, net

  beginning of year $1,455,031 · end of year $2,521,088

• 12 · Investments: other securities

  beginning of year $1,301,455,921 · end of year $1,404,524,550

• 15 · Other assets

  beginning of year $515,760,750 · end of year $447,533,071

• 17 · Accounts payable and accrued expenses

  beginning of year $230,456,601 · end of year $40,534,829

• 18 · Grants payable

  beginning of year $463,446,843 · end of year $463,074,247

• 19 · Deferred revenue

  beginning of year $1,067,371,453 · end of year $949,151,984

• 25 · Other liabilities

  beginning of year $1,044,655,248 · end of year $945,451,452

• 27 · Net assets without donor restrictions

  beginning of year $1,761,702,186 · end of year $2,864,282,982

• 28 · Net assets with donor restrictions

  beginning of year $5,733,614,236 · end of year $4,243,144,526

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.

PART I, LINE 4A

DURING THE YEAR ENDED DECEMBER 31, 2024, SEVERANCE WAS PAID TO ASSIETOU DIOUF, CHIEF FINANCIAL OFFICER, IN THE AMOUNT OF $303,291 (CHF 267,579), TO DAVID MARLOW, COO & ACTING CFO, IN THE AMOUNT OF $131,340 (CHF 115,875), AND TO ROSEMARY OWINO, SENIOR MANAGER, FINANCIAL MANAGEMENT SPECIALIST, IN THE AMOUNT OF $188,463 (CHF 166,272).

PART I, LINE 7

FOR THE YEAR ENDED DECEMBER 31, 2024, BONUS & INCENTIVE COMPENSATION FOR MARIE-ANGE SARAKA-YAO, CHIEF RESOURCE MOBILISATION AND GROWTH OFFICER, AND AURELIA NGUYEN, CHIEF PROGRAMME OFFICER, INCLUDES THE AMOUNT OF $29,245 (CHF 25,801) EACH AWARDED BY THE COO IN JUNE 2023 AS A ONE-OFF PAYMENT FOR RECOGNITION AND RETENTION PURPOSE IN THE CONTEXT OF THE LEADERSHIP TRANSITIONS IN 2024.

SCHEDULE J, PART II, COLUMN (A):

DAVID MARLOW WAS CHIEF OPERATING OFFICER (COO) UNTIL 06/23; INTERIM CHIEF EXECUTIVE OFFICER (CEO) UNTIL 03/24; COO & ACTING CHIEF FINANCIAL OFFICER UNTIL 06/24; AND SPECIAL ADVISOR TO THE CEO FROM 07/24-12/24. DAVID MARLOW'S ROLE AS INTERIM CHIEF FINANCIAL OFFICER WAS TRANSITIONED TO FRANCOIS NOTE DURING THE MONTH OF JUNE.

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 2023 | A) 256,025, B) 0, C) 108,923, D) 0, E) 92,638, F) 57,696, G) 14,663 2024 | REPORTABLE COMPENSATION NOT REQUIRED FOR THIS PERIOD. BRENDA KILLEN 2023 | A) 192,934, B) 0, C) 0, D) 24,200, E) 0, F) 41,491, G) 13,668 2024 | A) 197,090, B) 0, C) 0, D) 0, E) 500, F) 42,528, G) 17,148 ASSIETOU DIOUF 2023 | A) 214,064, B) 0, C) 0, D) 0, E) 0, F) 46,982, G) 10,008 2024 | A) 71,354, B, 0, C) 0, D) 0, E) 297,401, F) 15,661, G) 3,336 THABANI MAPHOSA 2023 | A) 216,190, B) 0, C) 0, D) 24,200, E) 0, F) 47,538, G) 17,148 2024 | A) 233,094, B) 0, C) 0, D) 0, E) 500, F) 51,871, G) 17,148 PASCAL BAROLLIER 2023 | A) 252,038, B) 0, C) 0, D) 0, E) 0, F) 56,797, G) 25,020 2024 | A) 258,012, B) 329, C) 0, D) 0, E) 500, F) 58,144, G) 15,012 MARIE-ANGE SARAKA-YAO 2023 | A) 258,011, B) 8,560, C) 0, D) 0, E) 0, F) 58,144, G) 5,004 2024 | A) 258,011, B) 32,252, C) 0, D) 0, E) 500, F) 58,144, G) 5,004 ANDREW MENDS 2023 | A) 211,895, B) 0, C) 0, D) 48,400, E) 0, F) 46,443, G) 13,668 2024 | A) 215,997, B) 9,628, C) 0, D) 48,400, E) 500, F) 47,472, G) 17,148 DAVID MARLOW 2023 | A) 263,797, B) 0, C) 137,232, D) 0, E) 0, F) 55,716, G) 16,511 2024 | A) 266,220 B) 12,780, C) 249,447, D) 0, E) 164,844, F) 58,145, G) 15,986 DERRICK SIM 2023 | A) 205,756, B) 0, C) 0, D) 0, E) 0, F) 44,417, G) 20,016 2024 | A) 215,701, B) 0, C) 0, D) 0, E) 500, F) 47,407, G) 15,012 AURELIA NGUYEN 2023 | A) 258,011, B) 3,311, C) 0, D) 0, E) 0, F) 58,144, G) 8,664 2024 | A) 193,509, B) 32,252, C) 0, D) 0, E) -2,960, F) 43,607, G) 6,985 CATHERINE PAWLOW 2023 | A) 224,326, B) 5,608, C) 0, D) 0, E) 251,614, F) 49,609, G) 10,008 2024 | REPORTABLE COMPENSATION NOT REQUIRED FOR THIS PERIOD. SUSAN MACKAY 2023 | A) 79,709, B) 0, C) 0, D) 0, E) 250,901, F) 16,378, G) 5,004 2024 | REPORTABLE COMPENSATION NOT REQUIRED FOR THIS PERIOD. ALEX DE JONQUIERES 2023 | A) 215,998, B) 3,949, C) 0, D) 48,400, E) 0, F) 47,472, G) 13,668 2024 | A) 215,997, B) 9,720, C) 0, D) 48,400, E) 500, F) 47,473, G) 13,668 EDMUND GROVE 2023 | A) 213,350, B) 0, C) 0, D) 61,542, E) 0, F) 46,762 G) 13,668 2024 | A) 209,196, B) 2,088, C) 0, D) 58,145, E) 500, F) 45,688, G) 13,668 DR. SANIA NISHTAR 2023 | REPORTABLE COMPENSATION NOT REQUIRED FOR THIS PERIOD. 2024 | A) 256,763, B) 0, C) 0, D) 0, E) 77,216, F) 61,871, G) 6,853 FRANCOIS NOTE 2023 | REPORTABLE COMPENSATION NOT REQUIRED FOR THIS PERIOD. 2024 | A) 130,836, B) 0, C) 0, D) 0, E) 0, F) 28,934, G) 12,922 ROSEMARY OWINO 2023 | REPORTABLE COMPENSATION NOT REQUIRED FOR THIS PERIOD. 2024 | A) 156,273, B) 0, C) 0, D) 0, E) 195,063, F) 32,200, G) 10,008 CHARLES WHETHAM 2023 | REPORTABLE COMPENSATION NOT REQUIRED FOR THIS PERIOD. 2024 | A) 188,253, B) 0, C) 0, D) 70,375, E) 500, F) 40,322, G) 15,192 THE CHF-USD EXCHANGE RATE IS 1.11490 IN 2023 AND 1.13346 IN 2024. 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.