2023-11-06T10:11:34-06:00 2022-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2022-01-01 141945286 THE GLOBAL DEVELOPMENT INCUBATOR INC GLOB 2029877700 1401 K STREET NW 900 WASHINGTON DC 20005 ELIZABETH VANDERWOUDE CFO/TREASURER 2029877700 2023-11-02 1 ELIZABETH VANDERWOUDE XXX-XX-XXXX 0 AARON M FOX P01365820 2022274000 2023-11-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ELIZABETH VANDERWOUDE 1401 K STREET NW 900 WASHINGTON DC 20005 19720293 0 X WWW.GLOBALDEVINCUBATOR.ORG X 2005 NY DESIGN AND LAUNCH SERVICES FOR NEW SOCIAL IMPACT ORGANIZATIONS AND PARTNERSHIPS. 4 4 31 10 0 0 9743735 17732502 2348167 1864150 1 43036 121071 80605 12212974 19720293 6180553 9273943 0 0 4034852 3255029 0 0 0 1308405 1521217 11523810 14050189 689164 5670104 19206818 23333318 12172409 10628805 7034409 12704513 X THE GLOBAL DEVELOPMENT INCUBATOR, INC. (GDI) PROVIDES STRATEGIC, OPERATIONAL, PROGRAMMATIC, AND IMPLEMENTATION SUPPORT SERVICES TO BUILD STARTUPS AND PARTNERSHIPS DRIVING SOCIAL IMPACT AROUND THE WORLD. 0 0 7600128 6559820 535440 I: AGRICULTURE FINANCE: (E.G. ACELI AFRICA, CSAF, ISF, RAF LL)GDI'S AGRICULTURE FINANCE FOCUS AREA AIMS TO ADDRESS CHALLENGES IN THE AGRICULTURE, SUSTAINABILITY, AND CLIMATE SECTORS. GDI SUPPORTED ISF ADVISORS AND THE RAF LEARNING LAB IN PUBLISHING LEADING RESEARCH ON THE IMPACTS OF COVID-19 ON SMALLHOLDER FARMERS, AGRICULTURAL MARKETS, AND GLOBAL FOOD SECURITY. THIS EMERGENCY RESEARCH SERIES HAS RECEIVED OVER 9,000 VIEWS TO DATE. GDI ALSO LAUNCHED ACELI AFRICA, A FIRST OF ITS KIND MARKET INCENTIVE FACILITY ALIGNING CAPITAL SUPPLY AND DEMAND TO MOBILIZE $700M IN LENDING TO AGRICULTURAL SMALL AND MEDIUM ENTERPRISES BY 2025. THROUGH THESE INITIATIVES AND OTHER RELATED EFFORTS IN THE AGENTERPRISE PORTFOLIO, GDI BRINGS TOGETHER DIVERSE PLAYERS FROM ACROSS AGRICULTURE, FINANCE, AND CLIMATE, WHO OTHERWISE MAY HAVE NEVER COLLABORATED DESPITE THEIR SHARED GOALS. 2496933 1287608 571628 II: MARGINALIZED POPULATIONS: (E.G. LABOR MOBILITY PARTNERSHIPS, MIGRANTS RESILIENCE COLLECTIVE, GLOBAL FUND TO END MODERN SLAVERY, REFUGEE INVESTMENT NETWORK, PEOPLE ON THE MOVE)GDI'S MARGINALIZED POPULATIONS FOCUS AREA WORKS TO ADVANCE LIVELIHOODS, LEADERSHIP, AND YOUTH DEVELOPMENT ACROSS SECTORS AND REGIONS. RESPONDING TO COVID-19'S IMPACT ON REFUGEES AND BUSINESS OWNERS, THE REFUGEE INVESTMENT NETWORK INITATIIVE HAS LAUNCHED THE RECOVR (REFUGEE ENTREPRENEURS COVID-19 RESILIENCE) FUND, WHICH RAISED RESOURCES TO DISTRIBUTE IN SMALL CASH GRANTS TO STRUGGLING REFUGEE ENTREPRENEURS IN THE US, THROUGH THEINTERNATIONAL RESCUE COMMITTEE'S CENTER FOR ECONOMIC OPPORTUNITY. FOR THE GLOBAL FUND TO END MODERN SLAVERY, ANOTHER MAJOR INITIATIVE, GDI SUPPORTED ORGANIZATION OF GFEMS EFFORTS INTO STRATEGIC PROGRAMS TO ENSURE EFFICIENT LEARNING, ADAPTATION, KNOWLEDGE SHARING AND FORWARD PLANNING ACROSS TEAMS & DONORS, AND SHAPED GFEMS' PROGRAMMING AND ORGANIZATIONAL STRATEGY IN RESPONSE TO CHANGES CAUSED BY THE COVID-19 PANDEMIC. 807529 469962 290196 III: HEALTH: (E.G. LEAPFROG TO VALUE, HEALTH ENABLED, DISABILITY IMPACT FUND, CITIESRISE, BUSINESS FOR HEALTH SOLUTIONS)GDI'S HEALTH FOCUS AREA CUTS ACROSS ISSUES RANGING FROM MENTAL HEALTH TO COMMUNITY LIVELIHOODS, DIGITAL HEALTH SYSTEMS, AND EVERYTHING IN BETWEEN. THIS YEAR, GDI IS GRADUATING CITIESRISE, A MULTI-STAKEHOLDER INITIATIVE ADDRESSING THE RISING TIDE OF MENTAL HEALTH ISSUES AMONG YOUNG PEOPLE. THROUGH CITIESRISE, GDI HAS BROUGHT TOGETHER FUNDERS, CITY LEADERS, ACADEMICS, AND HEALTHCARE PROFESSIONALS WHO PREVIOUSLY DID NOT COORDINATE, AND EMPOWER EACH TO PLAY A ROLE IN SUPPORTING MENTAL HEALTH AMONG YOUNG PEOPLE - A CRITICAL, BUT OFTEN IGNORED, AREA OF HEALTH. GDI ALSO LAUNCHED SEVERAL NEW INITAITVES. THE LEAPFROG TO VALUE REPORT AND INITIATIVE HAS LED TO A PORTFOLIO OF PILOTS DESIGNED TO IMPROVE OUTCOMES AND COST-EFFECTIVENESS OF HEALTH SYSTEMS. THE OXYGEN HUB IS A NETWORK OF ENTREPRENEURS BUILDING OXYGEN INFRASTRUCTURE ACROSS SUB-SAHARAN AFRICA. LASTLY, GDI COMPLETED A PRELIMINARY DESIGN OF A "TECHNICAL ASSISTANCE FACILITY" TO SUPPORT HEALTH VENTURES THAT ARE CRITICAL TO ACHIEVING THE HEALTH-RELATED SUSTAINABLE DEVELOPMENT GOALS. ULTIMATELY THROUGH THESE EFFORTS, GDI AIMS TO BRING TOGETHER LEADERS FROM TECHNOLOGY, GOVERNMENT, AND HEALTH INNOVATION TO DEVELOP CROSS-SECTOR HEALTH SOLUTIONS AT SCALE. 634848 529108 70000 JOBS AND LIVELIHOOD 333186 315642 36769 FINANCING IMPACT 209254 81963 172540 CLIMATE AND ECOSYSTEMS 626789 29840 187577 OTHER VENTURES 1804077 956553 466886 12708667 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 1 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 12 0 1 31 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X ELIZABETH VANDERWOUDE 2026705998 1401 K STREET NW 900 WASHINGTON DC 20005 JASON WENDLE DIRECTOR 40.00 X 199682 0 39703 ANDREW STERN CEO 24.00 6.00 X 190624 0 32601 CHINTAN MARU SECRETARY 40.00 X 204581 0 17967 BRIAN MILDER DIRECTOR 32.00 8.00 X 206530 0 14900 ELIZABETH VANDERWOUDE CFO/TREASURER 16.00 16.00 X 166600 0 12539 STEVEN BERGEN ASSOCIATE DIRECTOR 30.00 10.00 X 141142 0 22574 JOANNE EDELMAN SENIOR MANAGER 40.00 X 115937 0 24608 STUART SYMINGTON SENIOR MANAGER 40.00 X 116958 0 13115 ELCHI NOWROJEE BOARD DIRECTOR 2.00 X 0 0 0 GRETCHEN PHILLIPS BOARD DIRECTOR 2.00 2.00 X 0 0 0 BETHLEHEM SHIFERAW BOARD DIRECTOR 2.00 X 0 0 0 BRIAN TRELSTAD BOARD DIRECTOR 2.00 2.00 X 0 0 0 1342054 0 178007 11 0 1 0 MARCUM LLP 1899 L STREET NW WASHINGTON DC 20036 TAX AND AUDIT 122469 VENABLE LLP 600 MASSACHUSETTS AVENUE NW WASHINGTON DC 20001 LEGAL SERVICES 121321 WILLIAM POWERS 220 TONSET ROAD ORLEANS MA 02653 PROGRAM SERVICES, CONSULTANCY 112500 3 163355 6509677 11059470 17732502 PROGRAM SERVICES 900099 1844881 1844881 MANAGEMENT FEE 900099 19269 19269 1864150 43036 43036 REIMBURSEMENTS 900099 80605 80605 80605 19720293 1864150 0 123641 8256214 8256214 1017729 1017729 624912 392794 232118 1778140 1337943 440197 114086 85328 28758 541804 397252 144552 196087 141880 54207 117964 76533 41431 122466 78949 43517 925247 758837 166410 79592 33508 46084 96104 32084 64020 4230 30 4200 107576 88984 18592 29409 3121 26288 38629 7481 31148 14050189 12708667 1341522 0 8962063 856911 4225994 483496 4658059 3577552 0 221499 12052 33970 5041 5041 0 0 0 15246261 1348650 2913629 19206818 23333318 265433 961625 959005 0 7322952 6099186 3625019 3567994 12172409 10628805 X 7034409 7878753 0 4825760 7034409 12704513 19206818 23333318 5670104 0 X 0 1 X 1 1 1 X 14254321 9124879 10117708 9743735 17732502 60973145 14254321 9124879 10117708 9743735 17732502 60973145 14257773 46715372 10620 16867 2599 1 43036 73123 5903 5903 61052171 16475849 0.76520 0.79130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 5041 5041 0 0 GRANT ADVANCES 1354438 DUE FROM RELATED ORGANIZATION 1559191 2913629 REFUNDABLE GRANT ADVANCES 3567994 3567994 X PART IV, LINE 2B: GDI ENTERED INTO AN AGREEMENT WITH WELLSPRING, DFID, AND USAID TO ACT AS A TRUSTEE FOR FUNDS RELATED TO A GROUP PROJECT. AS PART OF THE ARRANGEMENT, GDI MUST PAY THE FUNDS TO THE APPROVED GRANTEES AND IS ENTITLED TO A MANAGEMENT FEE AND INTEREST INCOME ON THE FUNDS HELD IN TRUST. PART X, LINE 2: GDI PERFORMED AN EVALUATION OF UNCERTAINTY IN INCOME TAXES FOR THE YEAR ENDEDDECEMBER 31, 2022, AND DETERMINED THAT THERE ARE NO MATTERS THAT WOULD REQUIRE RECOGNITIONIN THE CONSOLIDATED FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. 1 SUB-SAHARAN AFRICA 0 20 PROGRAM SERVICES AGRICULTURE, HEALTH, RESEARCH & EDUCATION, REFUGEES 1000000 EAST ASIA AND THE PACIFIC 0 5 PROGRAM SERVICES HEALTH, RESEARCH & EDUCATION, REFUGEES 250000 SOUTH ASIA 0 2 PROGRAM SERVICES HEALTH, RESEARCH & EDUCATION 250000 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 143110 SUB-SAHARAN AFRICA 0 0 GRANTMAKING 874590 0 27 0 0 0 27 2517700 0 2517700 SUB-SAHARAN AFRICA SUBAWARDEE / PROGRAM SUPPORT 874590 WIRE TRANSFER 0 EAST ASIA AND THE PACIFIC SUBAWARDEE / PROGRAM SUPPORT 143140 WIRE TRANSFER 0 2 0 1 0 0 0 0 0 PART I, LINE 2: AFTER GDI DISTRIBUTES GRANTS, THEY REQUIRE GRANTEES TO PROVIDE FINANCIAL REPORTS AND WHERE RELEVANT ASSOCIATED BACK - UP DETAILS. IN ADDITION, THE DIRECTORS AND MANAGERS MONITOR THE INTERNATIONAL GRANTEES CLOSELY THROUGHOUT THE YEAR. THIS IS ACCOMPLISHED THROUGH REGULAR EMAIL COMMUNICATION, CONFERENCE CALLS, AND SITE VISITS AND IN SOME CASES THROUGH DETAILED MANAGEMENT OF THE ORGANIZATION'S FINANCIAL RECORDS. PART I, LINE 3: IN ACCORDANCE WITH IRS INSTRUCTIONS, ALL AMOUNTS REPORTED ON PARTS II OF SCHEDULE F ARE REPORTED USING THE ACCRUAL BASIS OF ACCOUNTING, THE SAME METHOD OF ACCOUNTING USED IN THE FINANCIAL STATEMENTS. PART II, LINE 1 ACCOUNTING METHOD: IN ACCORDANCE WITH IRS INSTRUCTIONS, ALL AMOUNTS REPORTED ON PARTS II OF SCHEDULE F ARE REPORTED USING THE ACCRUAL BASIS OF ACCOUNTING, THE SAME METHOD OF ACCOUNTING USED IN THE FINANCIAL STATEMENTS. PART III ACCOUNTING METHOD: 1 ACELI AFRICA INC 1401 K STREET NW SUITE 900 WASHINGTON DC 20005 843344516 501(C)(3) 0 4695248 PROGRAMS AND GENERAL SUPPORT REFUGEE INVESTMENT NETWORK INC 1401 K STREET NW SUITE 900 WASHINGTON DC 20005 844496089 501(C)(3) 0 848731 PROGRAMS AND GENERAL SUPPORT ACUMEN FUND INC 40 WORTH STREET SUITE 303 NEW YORK NY 10013 134166228 501(C)(3) 0 438212 PROGRAMS AND GENERAL SUPPORT BUSINESS FOR HEALTH SOLUTIONS INTERNATIONAL INC 188 GRAND STREET SUITE 406 NEW YORK NY 10013 861741586 501(C)(3) 0 327488 PROGRAMS AND GENERAL SUPPORT ISF ADVISORS INC 1401 K STREET NW SUITE 900 WASHINGTON DC 20005 871088927 501(C)(3) 0 232112 PROGRAMS AND GENERAL SUPPORT COLIBRI CATALYST INC 1401 K STREET NW SUITE 900 WASHINGTON DC 20005 920740048 501(C)(3) 0 81963 PROGRAMS AND GENERAL SUPPORT 6 0 PART I, LINE 2: AFTER GDI DISTRIBUTES GRANTS, THEY REQUIRE GRANTEES TO PROVIDE FINANCIAL REPORTS AND WHERE RELEVANT ASSOCIATED BACK - UP DETAILS. IN ADDITION, THE DIRECTORS AND MANAGERS MONITOR THE INTERNATIONAL GRANTEES CLOSELY THROUGHOUT THE YEAR. THIS IS ACCOMPLISHED THROUGH REGULAR EMAIL COMMUNICATION, CONFERENCE CALLS, AND SITE VISITS AND IN SOME CASES THROUGH DETAILED MANAGEMENT OF THE ORGANIZATION'S FINANCIAL RECORDS. X X 0 0 0 0 0 0 0 0 0 JASON WENDLE DIRECTOR 199682 0 0 0 0 0 12336 0 27367 0 239385 0 0 0 ANDREW STERN CEO 190624 0 0 0 0 0 10274 0 22327 0 223225 0 0 0 CHINTAN MARU SECRETARY 204581 0 0 0 0 0 10390 0 7577 0 222548 0 0 0 BRIAN MILDER DIRECTOR 206530 0 0 0 0 0 12477 0 2423 0 221430 0 0 0 ELIZABETH VANDERWOUDE CFO/TREASURER 166600 0 0 0 0 0 10116 0 2423 0 179139 0 0 0 STEVEN BERGEN ASSOCIATE DIRECTOR 141142 0 0 0 0 0 8676 0 13898 0 163716 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B GDI HIRES AN INDEPENDENT CPA FIRM TO PREPARE THE FEDERAL FORM 990. AFTER PREPARATION OF THE FEDERAL FORM 990, MANAGEMENT REVIEWS THE DRAFT FEDERAL FORM 990. ONCE ANY QUESTIONS OR CORRECTIONS ARE ADDRESSED, THE DRAFT FEDERAL FORM 990 IS THEN DISTRIBUTED TO THE FULL BOARD OF DIRECTORS PRIOR TO ELECTRONICALLY FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C A "CONFLICT OF INTEREST," ARISES WHEN A PERSON IN A POSITION OF AUTHORITY OVER AN ORGANIZATION, SUCH AS AN OFFICER, DIRECTOR, OR KEY EMPLOYEE, MAY BENEFIT. EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY AND HAS AGREED TO COMPLY WITH THE POLICY. IN THE EVENT A CONFLICT OF INTEREST EXISTS, AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THEN, THE CHAIR OF THE BOARD OF DIRECTORS OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD OF DIRECTORS OR COMMITTEE SHALL DETERMINE WHETHER GDI CAN OBTAIN WITH REASONABLE EFFORTS, A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 IN ORDER TO DETERMINE THE OFFICERS' COMPENSATION, MEMBERS OF THE BOARD OF DIRECTORS REVIEWING 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 WILL MAKE A FINAL DECISION REGARDING THE FINAL COMPENSATION AMOUNTS FOR ALL OFFICERS. A COMPENSATION SURVEY WAS LAST USED IN 2020. FORM 990, PART VI, SECTION C, LINE 19 GDI MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. 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