2024-09-13T14:18:24-05:00 2023-12-31 HAN GROUP LLC 1020 19TH STREET NW SUITE 800 WASHINGTON DC 20036 990 2023-01-01 844496089 REFUGEE INVESTMENT NETWORK INC REFU 2023749245 1401 K STREET NW 900 WASHINGTON DC 20005 TIMOTHY W DOCKING CEO/PRESIDENT 2023749245 2024-09-13 1 1 JENNIFER S HAN P00633304 2022937000 2024-09-13 2023 2024-08-08 14:25:15Z TIMOTHY W DOCKING 1401 K STREET NW 900 WASHINGTON DC 20005 551080 0 X WWW.REFUGEEINVESTMENTS.ORG X 2020 DC UNLOCKING REFUGEE SELF-RELIANCE BY BUILDING THE INVESTMENT ECOSYSTEM FOR (RLI). X 5 4 0 5 0 0 923783 118531 326938 432549 0 0 0 0 1250721 551080 0 0 0 0 186560 178085 0 0 5713 794003 598381 980563 776466 270158 -225386 297080 69157 57134 54597 239946 14560 UNLOCKING REFUGEE SELF-RELIANCE BY BUILDING THE INVESTMENT ECOSYSTEM FOR REFUGEE LENS INVESTING (RLI). 0 0 728322 432549 CONTINUED TO BUILD THE REFUGEE LENS INVESTING ECOSYSTEM. CONDUCTED FIELD-BUILDING WORK IN JORDAN, UGANDA, KENYA, ETHIOPIA, AND THE UNITED KINGDOM. 728322 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 8 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X THE GLOBAL DEVELOPMENT INCUBATOR INC 2023749245 1401 K STREET NW SUITE 900 WASHINGTON DC 20005 TIMOTHY W DOCKING CEO/PRESIDENT, SECRETARY 40.00 X X 178085 0 0 JOHN KLUGE BOARD CHAIR FOUNDER CHIEF OPERATING OFFICER 2.00 X X 0 0 0 ANDREW STERN TREASURER 2.00 X X 0 0 0 RUMA BOSE BOARD MEMBER 2.00 X 0 0 0 HIEU BUI BOARD MEMBER (UNTIL 05/2023) 2.00 X 0 0 0 SANDRA OSBORNE KARTT BOARD MEMBER 2.00 X 0 0 0 178085 0 0 1 0 1 0 TIMOTHY W DOCKING 7001 BROOKEVILLE ROAD CHEVY CHASE MD 20815 CONSULTING- CEO 178085 GLOBAL DEVELOPMENT INCUBATOR 1401 K STREET NW 900 WASHINGTON DC 20005 CONSULTING SERVICES 176002 DANIEL CUTHERELL HOUSE 20 THIGIRI ROAD NEW MUTHAIGA NAIROBI KE 00100 DIRECTOR, AFRICA OFFICE 135906 3 118531 118531 CONTRACTS 900099 432549 432549 432549 551080 432549 0 0 X 178085 178085 5533 5533 25914 25914 520030 509011 5306 5713 2274 442 1832 829 829 996 996 28822 28700 122 8497 8497 2566 2566 BOOKS, SUB & REF 2920 1762 1158 776466 728322 42431 5713 242903 58918 53109 1068 10239 297080 69157 57134 54597 57134 54597 X 219581 14560 20365 0 239946 14560 297080 69157 -225386 0 X X 0 1 X 1 0 X 0 128148 923783 118531 1170462 0 128148 923783 118531 1170462 126591 1043871 1170462 1225615 X SCHEDULE A, PART II EXPLANATION OF SHORT YEAR AS THE ORGANIZATION WAS INCORPORATED ON JANUARY 29, 2020, A SHORT PERIOD RETURN WAS FILED FOR THE PERIOD ENDED DECEMBER 31, 2020. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 551080 0 551080 0 551080 776466 0 776466 0 776466 PART X, LINE 2: THE ORGANIZATION FOLLOWS THE AUTHORITATIVE GUIDANCE RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES INCLUDED IN ACCOUNTING STANDARDS CODIFICATION TOPIC 740-10, INCOME TAXES. THESE PROVISIONS PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IT IS THE ORGANIZATION'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSES. THE ORGANIZATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2023, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. THE STATUTE OF LIMITATIONS GENERALLY REMAINS OPEN FOR THREE TAX YEARS WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE ORGANIZATION FILES TAX RETURNS. SUB-SAHARAN AFRICA 0 1 PROGRAM SERVICES REFUGEE INVESTMENT PROGRAM 189561 EUROPE (INCLUDING ICELAND & GREENLAND) 0 1 PROGRAM SERVICES REFUGEE INVESTMENT PROGRAM 11550 0 2 0 0 0 2 201111 0 201111 0 0 0 0 0 0 PART I, LINE 3: IN ACCORDANCE WITH IRS INSTRUCTIONS, ALL AMOUNTS REPORTED IN PART I OF SCHEDULE F ARE REPORTED USING THE ACCRUAL BASIS OF ACCOUNTING, WHICH IS THE SAME METHOD OF ACCOUNTING USED IN THE FINANCIAL STATEMENTS. X X 0 0 0 0 0 0 0 0 0 TIMOTHY W DOCKING CEO/PRESIDENT, SECRETARY 178085 0 0 0 0 0 0 0 0 0 178085 0 0 0 EXPENDITURE OF ASSETS FOR EXEMPT PURPOSE 2023-12-31 728322 COST 0 0 0 0 PART II, LINE 1 THE ORGANIZATION INCURRED SIGNIFICANT COSTS IN MEETING ITS EXEMPT PURPOSES. THESE EXPENDITURES RESULTED IN A GREATER THAN 25% DECREASE IN THE ORGANIZATION'S NET ASSETS. FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTANT. THE FEDERAL FORM 990 IS THEN REVIEWED AND APPROVED BY THE CEO PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C WHENEVER AN OFFICER DIRECTOR, OR KEY EMPLOYEE (COLLECTIVELY REFERRED TO AS "COVERED PERSONS") BECOMES AWARE THAT HE OR SHE OR A FAMILY MEMBER (SPOUSE, DOMESTIC PARTNER, OR CHILD) HAS OR MAY HAVE AN INTEREST IN A TRANSACTION THAT IS COMING BEFORE THE BOARD OF DIRECTORS OR A COMMITTEE OF THE BOARD OF THE DIRECTORS OR IN A TRANSACTION INVOLVING THE ORGANIZATION, HE OR SHE MUST FULLY AND PROMPTLY DISCLOSE SUCH INTEREST, WHETHER IT BE DIRECT OR INDIRECT. AN "INTEREST IN A TRANSACTION" MAY TAKE THE FORM OF (I) A PERSONAL FINANCIAL INTEREST IN THE TRANSACTION; (II) A FINANCIAL INTEREST (I.E., OWNERSHIP INTEREST OR MANAGERIAL CONTROL) IN ANY ORGANIZATION INVOLVED IN THE TRANSACTION (OTHER THAN THE ORGANIZATION); OR (III) A POSITION AS TRUSTEE, DIRECTOR, OFFICER, COMMITTEE MEMBER, EMPLOYEE, OR MAJOR DONOR OF ANY ORGANIZATION THAT IS INVOLVED IN THE TRANSACTION OR THAT IS ACTIVE IN A JURISDICTION WHERE A TRANSACTION INVOLVING THE ORGANIZATION IS BEING CONSIDERED OR IS ONGOING. IN ADDITION, COVERED PERSONS ARE REQUIRED TO DISCLOSE ANY RELATIONSHIPS THEY OR THEIR FAMILY MEMBERS MAY HAVE WITH POTENTIAL AUDITORS, ATTORNEYS, INVESTMENT ADVISORS, AND SIMILAR PROFESSIONALS AND VENDORS. UPON A COVERED PERSON'S DISCLOSURE OF AN INTEREST IN A TRANSACTION, THE BOARD OF DIRECTORS, IN CONSULTATION WITH COUNSEL, IF NECESSARY, WILL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. IF IT IS DETERMINED THAT A CONFLICT EXISTS OR THAT THERE IS AN APPEARANCE OF A CONFLICT, THE TRANSACTION MAY BE APPROVED ONLY UPON A VOTE OF A MAJORITY OF THE DISINTERESTED DIRECTORS; PROVIDED THAT IF THERE ARE NO DISINTERESTED DIRECTORS, THE BOARD OF DIRECTORS MAY APPROVE THE TRANSACTION ONLY BY A UNANIMOUS VOTE OF THE ENTIRE BOARD OF DIRECTORS AFTER (I) REVIEW OF ALTERNATIVE OR COMPARABLE TRANSACTIONS, TO THE EXTENT AVAILABLE, (II) A DETERMINATION THAT THE TRANSACTION IS FAIR, REASONABLE AND IN THE BEST INTERESTS OF THE ORGANIZATION, AND (III) NOTIFICATION OF SUCH PARTIES AS THE BOARD OF DIRECTORS DETERMINES TO BE APPROPRIATE, INCLUDING BUT NOT LIMITED TO FUNDERS AND/OR OTHER STAKEHOLDERS. THE COVERED PERSON MAY BE PRESENT FOR THE DISCUSSION TO RESPOND TO QUESTIONS AND ELABORATE ON THE INFORMATION PRESENTED. UPON REQUEST OF THE DISINTERESTED DIRECTORS, THE COVERED PERSON WILL BE REQUIRED TO EXCUSE HIMSELF OR HERSELF FROM THE VOTE ON THE TRANSACTION. IN ANY EVENT, THE COVERED PERSON, IF A DIRECTOR OF THE ORGANIZATION, WILL ABSTAIN FROM VOTING ON THE TRANSACTION EXCEPT INSOFAR AS THIS POLICY REQUIRES A UNANIMOUS VOTE. FORM 990, PART VI, SECTION B, LINE 15A IN ORDER TO DETERMINE THE OFFICERS' COMPENSATION, MEMBERS OF THE BOARD OF DIRECTORS REVIEW COMPARABLE DATA INFORMED BY MARKET RESEARCH AND OUTSIDE COUNSEL AS WELL AS VARIOUS SALARY SURVEYS. AFTER REVIEWING THE NECESSARY DATA, MEMBERS OF THE BOARD OF DIRECTORS MAKE A FINAL DECISION REGARDING THE FINAL COMPENSATION AMOUNTS FOR ALL OFFICERS. A CEO COMPENSATION ANALYSIS WAS DONE IN APRIL 2022. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S DOCUMENTS, FORM 1023, FORM 990 AND OTHER POLICIES ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G DATA COLLECTION AND ANALYSIS: PROGRAM SERVICE EXPENSES 1,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,500. RESEARCH AND DATA COLLECTION: PROGRAM SERVICE EXPENSES 180,169. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 180,169. CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 287,342. MANAGEMENT AND GENERAL EXPENSES 5,306. FUNDRAISING EXPENSES 5,713. TOTAL EXPENSES 298,361. DESIGN AND DEVLOPMENT: PROGRAM SERVICE EXPENSES 6,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,000. SUBAWARDEE EXPENSES: PROGRAM SERVICE EXPENSES 34,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 34,000. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.