2023-11-21T16:22:41-06:00 2022-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2022-01-01 271661997 GIVEDIRECTLY INC GIVE 6465044837 PO BOX 3221 NEW YORK NY 10008 SAMUEL MWAMBURI MWALE PRESIDENT 6465044837 2023-11-21 1 SAMUEL MWAMBURI MWALE XXX-XX-XXXX 0 AARON M FOX P01365820 2022274000 2023-11-21 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SAMUEL MWAMBURI MWALE PO BOX 3221 NEW YORK NY 10008 179538903 0 X WWW.GIVEDIRECTLY.ORG X 2009 MA TO REDUCE POVERTY BY PROVIDING FINANCIAL ASSISTANCE DIRECTLY TO THOSE IN NEED. 5 4 102 5 0 0 249227004 168006805 0 0 2179819 1205285 2678442 6501254 254085265 175713344 168351615 217034471 0 0 18761054 27230815 0 0 5463632 9738867 17042509 196851536 261307795 57233729 -85594451 268742761 240039533 66852250 126223824 201890511 113815709 X THE ORGANIZATION'S MISSION IS TO REDUCE POVERTY BY PROVIDING FINANCIAL ASSISTANCE DIRECTLY TO THOSE IN NEED. 0 0 249671317 217034471 GIVEDIRECTLY OFFERS A SERVICE ALLOWING OTHERS - GOVERNMENTS, FOUNDATIONS, INDIVIDUAL DONORS - TO PROVIDE DIRECT CASH TRANSFERS, TO THOSE IN NEED. THE ORGANIZATION'S PROPRIETARY MODEL RE-ENGINEERS FIELDWORK FOR THE DIGITAL ERA, ALLOWING IT TO COMPLETE THESE TRANSFERS SECURELY, EFFICIENTLY AND TRANSPARENTLY. USING THE LATEST TECHNOLOGY AT EVERY STEP, GIVEDIRECTLY LOCATES RECIPIENTS, INTEGRATES THEM INTO ELECTRONIC PAYMENTS NETWORKS, AND MONITORS TRANSFERS END-TO-END. THE ORGANIZATION CHARGES DONORS THE FULL COST OF DELIVERING THIS SERVICE. SINCE 2009, GIVE DIRECTLY HAS REACHED MORE THAN 1M RECIPIENTS IN 11 COUNTRIES.IN 2022, GIVEDIRECTLY DELIVERED OVER $146M TO OVER 334K HOUSEHOLDS IN 11 COUNTRIES, INCLUDING TWO NEW COUNTRIES (NIGERIA AND YEMEN) ACROSS 27 DIFFERENT PROGRAMS. WE DELIVERED MORE MONEY DIRECTLY TO PEOPLE IN POVERTY IN AFRICA IN 2022 THAN ANY YEAR PRIOR. GIVEDIRECTLY HELPED FAMILIES ACROSS 5 COUNTRIES ADAPT TO CLIMATE CHANGE THROUGH TARGETED CASH PROGRAMMING TO IMPROVE RESILIENCE AND SAFETY. WE PROVIDED TECHNICAL SUPPORT TO THE SOCIAL FUND OF THE DRC'S COVID-19 RELIEF EFFORT THROUGH AN ALTERNATIVE APPROACH THAT USES THE LATEST IN DATA SCIENCE (INCLUDING MACHINE LEARNING WHERE APPROPRIATE) AND DIGITAL PAYMENTS TECHNOLOGY TO REMOTELY IDENTIFY, ENROLL, AND PAY PEOPLE LIVING IN EXTREME POVERTY AT UNPRECEDENTED SPEED AND SCALE. WE HELPED LAUNCH 3 OF THE 10 LARGEST GUARANTEED INCOME PROGRAMS IN THE UNITED STATES. IN ADDITION, WE EXECUTED A SWIFT RESPONSE TO HURRICANES IAN AND FIONA, ENSURING THAT AFFECTED FAMILIES RECEIVED FINANCIAL SUPPORT WITHIN A 48-HOUR TIMEFRAME UPON ENROLLMENT. AS PART OF OUR ONGOING COMMITMENT TO RESEARCH AND DEVELOPMENT, WE SUCCESSFULLY LAUNCHED OUR 20TH RANDOMIZED CONTROLLED TRIAL, INCLUDING FIVE STUDIES CONDUCTED IN 2022. THE RESULTS FROM THESE STUDIES REVEALED SIGNIFICANT POSITIVE IMPACTS ON RESILIENCE, INVESTMENTS, INCOME, AND ASSETS WITHIN OUR CASH TRANSFER PROGRAMS SPANNING LIBERIA, MALAWI AND UGANDA. 249671317 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 X 14 0 1 102 1 0 1 KE UG MI MO LI UK CG RW MZ NI YM 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AK AR CA CO CT FL GA HI IL KS KY MA MD MN MS MI NC ND NH NJ NM NY NV OH OR PA RI SC TN UT VA WA WV WI X X SAMUEL MWAMBURI MWALE 6465044837 PO BOX 3221 NEW YORK NY 10008 MICHAEL FAYE PRESIDENT UNTIL 08/2022; EXEC. CHAIR FROM 09/2022 30.00 X X 279333 0 0 ALY JEDDY CHAIR 1.00 X X 0 0 0 ROHIT WANCHOO TREASURER 1.00 X X 0 0 0 JACQUELLINE FULLER DIRECTOR 1.00 X 0 0 0 PAUL NIEHAUS DIRECTOR 1.00 X 0 0 0 JOSEPH HUSTON MANAGING DIRECTOR 40.00 X 487915 0 6690 RORY STEWART PRESIDENT AS OF 09/2022 40.00 X 139549 0 0 JASON WATTERS CHIEF FINANCE COMPL. & DATA PROTECTION OFFICER 40.00 X 278096 0 15665 OLU BABALOLA CHIEF OPERATING OFFICER UNTIL 07/2022 40.00 X 269948 0 8312 BECCA FRANK DIRECTOR, TECHNOLOGY 40.00 X 234318 0 11168 KATIE DONLEY CHIEF GROWTH OFFICER UNTIL 03/2022 40.00 X 233837 0 3930 KWAMINA ORLEANS-POBEE SENIOR GROWTH ENGINEER 40.00 X 227698 0 8336 SAMUEL KRETER SENIOR PROGRAM ENGINEER 40.00 X 208727 0 10974 ALEX NAWAR REGIONAL DIRECTOR 40.00 X 211236 0 0 2570657 0 65075 62 0 1 0 AIDKIT 383 CORONA STREET UNIT 814 DENVER CO 80218 PAYMENT GATEWAYS 1160115 SEGOVIA TECHNOLOGY 524 BROADWAY NEW YORK NY 10012 PAYMENT GATEWAYS 741096 SALESFORCE PO BOX 203141 DALLAS TX 53203 SOFTWARE 363060 WEWORK 222 BROADWAY NEW YORK NY 10038 SHARED WORKSPACE 246408 THE REGENTS OF THE UNIVERSITY OF CALIFOR 1608 FOURTH STREET SUITE 201 BERKELEY CA 94710 DATA ANALYSIS 236386 26 13065 72410343 95583397 6979981 168006805 1929056 1929056 3101788 3825559 -723771 -723771 -723771 FOREIGN EXCHANGE TRANS. 900099 6451285 6451285 OTHER INCOME 900099 49969 49969 6501254 175713344 0 0 7706539 80931771 80931771 136102700 136102700 1485508 1173252 312256 21668596 16913712 1524423 3230461 30233 24109 6124 2402801 1844884 322476 235441 1643677 1136425 247369 259883 213033 148799 64234 228328 187971 40357 165570 165570 4447768 3734165 336275 377328 170958 24368 29791 116799 1432910 290460 1132597 9853 2500778 1648920 430925 420933 1178052 905402 272650 3868379 3471855 252891 143633 363278 363278 279399 264534 9524 5341 173182 29336 143846 MOBILE MONEY & BANKING 1382208 1009962 20542 351704 REGISTRATION FEES 435926 435926 EQUIPMENT 171407 171407 MISCELLANEOUS 31333 31333 261307795 249671317 6172846 5463632 124470775 74721370 46858889 39307228 14876313 4152014 3643678 48496943 538167 1249133 748315 913644 708814 464785 187718 244029 5720048 4783368 64084392 60602168 3493017 347323 4121449 5222313 268742761 240039533 3982236 3323591 59994700 121829037 2875314 1071196 66852250 126223824 X 148377979 93706161 53512532 20109548 201890511 113815709 268742761 240039533 -85594451 -2480351 0 X 0 1 X 1 1 1 X 52904845 42143391 303155869 249227004 168006805 815437914 52904845 42143391 303155869 249227004 168006805 815437914 24773754 790664160 1703307 2288581 2078066 2072199 1929056 10071209 1830 119075 1131 49969 172005 825681128 0.95760 0.79980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 337761 221477 116284 371053 243308 127745 244029 2563980 F US GOV'T AGENCIES OBLIG. 45489504 F FRGN. GOV'T AGEN. OBLIG. 7357934 F PRIVATE INVESTMENT FUND 5190750 F 60602168 X 173215356 -2480351 137116 -2343235 175558591 154753 154753 175713344 261290158 137116 137116 261153042 154753 154753 261307795 PART X, LINE 2: GIVEDIRECTLY PERFORMED AN EVALUATION OF UNCERTAINTY IN INCOME TAXES FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021, 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. 1 SUB-SAHARAN AFRICA 25 750 CASH TRANSFERS TO RECIPIENTS LOCATED IN THE REGION 125555619 MIDDLE EAST AND NORTH AFRICA 2 39 CASH TRANSFERS TO RECIPIENTS LOCATED IN THE REGION 5353104 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 PROGRAM SERVICES ADMIN SUPPORT TO PROGRAMS 27435169 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 FUNDRAISING 148667 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 PROGRAM SERVICES 1075492 27 789 0 0 27 789 159568051 0 159568051 SUB-SAHARAN AFRICA THE GRANTEE PROVIDED "CLIMATE SMART AGRICULTURE" TRAINING TO RECIPIENTS OF THE CASH4CLIMATE PROJECT. 127607 BANK WIRE 0 SUB-SAHARAN AFRICA DEVELOP A COMMCARE-BASED HEALTH APPLICATION AIMED AT INFORMING 5,000 CASH RECIPIENTS ABOUT NUTRITION AND FOOD SECURITY BEHAVIORS 299595 BANK WIRE 0 2 DIRECT CASH ASSISTANCE SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 190059 125555619 MOBILE MONEY DIRECT CASH ASSISTANCE MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 2497 5353104 MOBILE MONEY 1 0 1 0 0 0 PART I, LINE 2: TO MONITOR THE USE OF GRANTS, GIVEDIRECTLY COMPLETES A MULTI STAGE ENROLLMENT PROCESS PRIOR TO SENDING TRANSFERS AND FOLLOWS UP VIA PHONE CALL OR IN PERSON ON A SAMPLE BASIS AFTER EACH TRANSFER IS SENT TO ENSURE IT WAS RECEIVED AND THERE WERE NO ADVERSE EVENTS. IT ALSO PARTICIPATES IN RANDOMIZED CONTROLLED TRIALS TO MEASURE THE IMPACT OF THE GRANTS. PART I, LINE 3: THE ORGANIZATION REPORTED THE EXPENDITURES BASED ON THE ACCOUNTING METHOD USED IN ITS AUDITED FINANCIAL STATEMENTS WHICH IS ACCRUAL BASIS. PART III ACCOUNTING METHOD: THE ORGANIZATION REPORTED THE EXPENDITURES BASED ON THE ACCOUNTING METHOD USED IN ITS AUDITED FINANCIAL STATEMENTS WHICH IS ACCRUAL BASIS. 1 GUARANTEED INCOME DIRECT CASH ASSISTANCE PROGRAMS 13439 80931771 PART I, LINE 2: TO MONITOR THE USE OF GRANTS, GIVEDIRECTLY AIMS TO SEND AN SMS TEXT MESSAGE TO ALL RECIPIENTS AND ALSO FOLLOWS UP VIA PHONE CALL ON A SAMPLE BASIS AFTER EACH TRANSFER IS SENT TO ENSURE IT WAS RECEIVED AND THERE WERE NOT ANY ADVERSE EVENTS. IT ALSO PARTICIPATES IN RANDOMIZED CONTROLLED TRIALS TO MEASURE THE IMPACT OF THE GRANTS. X X X X 0 0 0 0 0 0 0 1 0 JOSEPH HUSTON MANAGING DIRECTOR 205339 0 270000 0 12576 0 0 0 6690 0 494605 0 0 0 JASON WATTERS CHIEF FINANCE COMPL. & DATA PROTECTION OFFICER 175000 0 99495 0 3601 0 0 0 15665 0 293761 0 0 0 MICHAEL FAYE PRESIDENT UNTIL 08/2022; EXEC. CHAIR FROM 09/2022 125333 0 154000 0 0 0 0 0 0 0 279333 0 0 0 OLU BABALOLA CHIEF OPERATING OFFICER UNTIL 07/202 107916 0 157500 0 4532 0 0 0 8312 0 278260 0 0 0 BECCA FRANK DIRECTOR, TECHNOLOGY 177552 0 48668 0 8098 0 0 0 11168 0 245486 0 0 0 KATIE DONLEY CHIEF GROWTH OFFICER UNTIL 03/2022 30000 0 202950 0 887 0 0 0 3930 0 237767 0 0 0 KWAMINA ORLEANS-POBEE SENIOR GROWTH ENGINEER 174234 0 42534 0 10930 0 0 0 8336 0 236034 0 0 0 SAMUEL KRETER SENIOR PROGRAM ENGINEER 170834 0 29601 0 8292 0 0 0 10974 0 219701 0 0 0 ALEX NAWAR REGIONAL DIRECTOR 149791 0 42179 0 19266 0 0 0 0 0 211236 0 0 0 PART I, LINE 7 FOR THE YEAR ENDED DECEMBER 31, 2022, INDIVIDUALS LISTED ON PART VII RECEIVED NON-FIXED PAYMENTS WHICH WERE BASED ON A PRE-ESTABLISHED INDEX ACCORDING TO THE INDIVIDUALS' LEVELS AND MEETING THE ORGANIZATION'S MISSION WHICH IS BASED ON ENROLLING RECIPIENTS IN CASH TRANSFER PROGRAMS. X 91 1031143 FMV X CRYPTO CURRENCY 1845 5948838 FMV 1 0 1 0 PART I, LINE 32B: GIVEDIRECTLY WILL SEEK THE ADVICE OF LEGAL COUNSEL IN MATTERS RELATING TO ACCEPTANCE OF GIFTS WHEN APPROPRIATE. REVIEW BY COUNSEL IS RECOMMENDED FOR: - GIFTS OF SECURITIES THAT ARE SUBJECT TO RESTRICTIONS OR BUY-SELL AGREEMENTS. - DOCUMENTS NAMING GIVEDIRECTLY AS TRUSTEE OR REQUIRING GIVEDIRECTLY TO ACT IN ANY FIDUCIARY CAPACITY. - GIFTS REQUIRING GIVEDIRECTLY TO ASSUME FINANCIAL OR OTHER OBLIGATIONS. - TRANSACTIONS WITH POTENTIAL CONFLICTS OF INTEREST. - GIFTS OF PROPERTY WHICH MAY BE SUBJECT TO ENVIRONMENTAL OR OTHER REGULATORY RESTRICTIONS. - RESTRICTIONS ON GIFTS. GIVEDIRECTLY WILL NOT ACCEPT GIFTS THAT (A) WOULD RESULT IN GIVEDIRECTLY VIOLATING ITS CORPORATE CHARTER, (B) WOULD RESULT IN GIVEDIRECTLY LOSING ITS STATUS AS AN IRC 501(C)(3) NOT-FOR-PROFIT ORGANIZATION, (C) ARE TOO DIFFICULT OR TOO EXPENSIVE TO ADMINISTER IN RELATION TO THEIR VALUE, (D) WOULD RESULT IN ANY UNACCEPTABLE CONSEQUENCES WHICH WOULD COMPROMISE GIVEDIRECTLY'S MISSION. - DECISIONS ON THE RESTRICTIVE NATURE OF A GIFT, AND ITS ACCEPTANCE OR REFUSAL, SHALL BE MADE BY THE BOARD, IN CONSULTATION WITH THE PRESIDENT. CERTAIN FORMS OF GIFTS OR DONATED PROPERTIES MAY BE SUBJECT TO REVIEW PRIOR TO ACCEPTANCE. EXAMPLES OF GIFTS SUBJECT TO PRIOR REVIEW INCLUDE, BUT ARE NOT LIMITED TO: TANGIBLE PERSONAL PROPERTY. THE BOARD SHALL REVIEW AND DETERMINE WHETHER TO ACCEPT ANY GIFTS OF TANGIBLE PERSONAL PROPERTY IN LIGHT OF THE FOLLOWING CONSIDERATIONS: DOES THE PROPERTY FURTHER THE ORGANIZATION'S MISSION? IS THE PROPERTY MARKETABLE? ARE THERE ANY UNACCEPTABLE RESTRICTIONS IMPOSED ON THE PROPERTY? ARE THERE ANY CARRYING COSTS FOR THE PROPERTY FOR WHICH THE ORGANIZATION MAY BE RESPONSIBLE? IS THE TITLE/PROVENANCE OF THE PROPERTY CLEAR? FORM 990, PART VI, SECTION A, LINE 6 THE INITIAL MEMBERS OF THE CORPORATION SHALL BE MICHAEL FAYE, JACQUELLINE FULLER, ALY JEDDY, PAUL NIEHAUS, AND ROHIT WANCHOO. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS HAVE THE POWER TO ELECT, REMOVE OR SUSPEND THE DIRECTORS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN GOVERNANCE DECISIONS ARE SUBJECT TO THE APPROVAL OF STATUTORY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B QUALIFIED AND AUTHORIZED PERSON SHALL REVIEW THE ANNUAL FORM 990 RETURN, PREPARED BY ITS THIRD PARTY TAX ACCOUNTANTS, UNDER THE DIRECTION OF THE BOARD. THE RETURN SHALL BE PRESENTED TO ALL BOARD MEMBERS FOR APPROVAL, EITHER VIA E-MAIL OR BY PAPER COPY, PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL AND OFFICER, SHALL ANNUALLY REVIEW THE CONFLICTS OF INTEREST POLICY AND DISCLOSE ANY KNOWN CONFLICTS. IF THERE IS A POTENTIAL VIOLATION, IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT A MEMBER HAS FAILED TO DISCLOSE ANY ACTUAL OR POSSIBLE FINANCIAL CONFLICT OF INTEREST, THE BOARD MEMBER WILL BE AFFORDED AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE FOR TO MAKE SUCH A DISCLOSURE AND IF DETERMINED TO BE A VIOLATION THE BOARD SHALL TAKE DISCIPLINARY, CORRECTIVE OR OTHER ACTION TO BE DETERMINED BY THE MAJORITY OF THE DISINTERESTED MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR DETERMINING COMPENSATION OF TOP MANAGEMENT INCLUDED A REVIEW BY THE TREASURER AND THE REST OF THE BOARD, OF THE SALARIES OF CEO'S AT ORGANIZATIONS OF SIMILAR SIZE. THE PROCESS FOR DETERMINING COMPENSATION OF KEY EMPLOYEES INCLUDES A REVIEW AND APPROVAL BY THE BOARD, WHICH INCLUDES REVIEWING THE SALARIES OF POSITIONS IN ORGANIZATIONS OF SIMILAR SIZE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FINANCIAL STATEMENTS AND FORM 990S ARE AVAILABLE ON THE WEBSITE.