2022-11-08T12:56:17-06:00 2021-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2021-01-01 141945286 THE GLOBAL DEVELOPMENT INCUBATOR INC GLOB 2029877700 1401 K STREET NW 900 WASHINGTON DC 20005 ELIZABETH VANDERWOUDE TREASURER 2029877700 2022-11-08 1 ELIZABETH VANDERWOUDE XXX-XX-XXXX AARON M FOX P01365820 2022274000 2022-11-08 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z ANDREW STERN 1401 K STREET NW 900 WASHINGTON DC 20005 12212974 0 X WWW.GLOBALDEVINCUBATOR.ORG X 2005 NY DESIGN AND LAUNCH SERVICES FOR NEW SOCIAL IMPACT ORGANIZATIONS AND PARTNERSHIPS. 4 4 32 10 0 0 10111208 9743735 2920346 2348167 2599 1 44247 121071 13078400 12212974 5019630 6180553 0 0 4874213 4034852 0 0 0 4625080 1308405 14518923 11523810 -1440523 689164 12937597 19206818 6592352 12172409 6345245 7034409 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 6270638 4719705 2348167 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. 1771933 1292860 II: 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. 930460 167988 III: 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. 319387 CLIMATE AND ECOSYSTEMS 313492 FINANCING IMPACT 256924 JOBS AND LIVELIHOOD 178533 OTHER VENTURES 1068336 10041367 1 1 0 0 0 0 0 0 1 0 1 0 0 1 0 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 25 0 1 32 1 0 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 ANDREW STERN CEO 30.00 X X 169321 0 29501 DARIN KINGSTON SECRETARY 40.00 X X 183000 0 10980 ELIZABETH VANDERWOUDE CFO/TREASURER 32.00 X X 151604 0 9096 NAZANIN ASH BOARD DIRECTOR 2.00 X 0 0 0 SHASHI BULUSWAR BOARD DIRECTOR - UNTIL 06/21 2.00 X 0 0 0 ELCHI NOWROJEE BOARD DIRECTOR 2.00 X 0 0 0 GRETCHEN PHILLIPS BOARD DIRECTOR 2.00 X 0 0 0 BETHLEHEM SHIFERAW BOARD DIRECTOR 2.00 X 0 0 0 BRIAN TRELSTAD BOARD DIRECTOR - STARTED 09/21 2.00 X 0 0 0 JASON WENDLE DIRECTOR 40.00 X 188779 0 34619 CRAIG COURTNEY DIRECTOR 40.00 X 207750 0 12465 BRIAN MILDER DIRECTOR 40.00 X 195552 0 11733 DANIEL ZOOK DIRECTOR 40.00 X 189674 0 11380 CHINTAN MARU DIRECTOR 40.00 X 175211 0 16175 1460891 0 135949 12 0 1 0 MATTHEW SHAKHOVSKOY 109A MUNRO STREET AUCHENFLOWER QUEENSLAND AS 04066 PROGRAM SERVICES, CONSULTANCY 108900 ESL ADVISORS LLC 7000 BAHIA BEACH BLVD 5344 SAN JUAN PR 00745 PROGRAM SERVICES, CONSULTANCY 100800 2 4051743 5691992 9743735 PROGRAM SERVICES 900099 2309717 2309717 MANAGEMENT FEE 900099 38450 38450 2348167 1 1 REIMBURSEMENTS 900099 115168 115168 MISCELLANEOUS INCOME 900099 5903 5903 121071 12212974 2348167 0 121072 5502692 5502692 677861 677861 553503 276751 276752 2882794 2230309 652485 147407 115084 32323 216531 163211 53320 234617 171961 62656 770886 732172 38714 52321 29649 22672 54656 12022 42634 63039 7054 55985 5362 3061 2301 98225 37123 61102 78024 16683 61341 67989 6564 61425 54648 51896 2752 4792 4291 501 28247 28247 ALLOWANCE FOR DOUBTFUL 22500 22500 PROFESSIONAL DEV. 7716 2983 4733 11523810 10041367 1482443 0 133477 8962063 7262659 4225994 4257885 4658059 472441 0 24625 12052 5041 5041 0 0 786510 1348650 12937597 19206818 640914 265433 81432 0 3007029 4584024 2862977 7322952 6592352 12172409 X 6345245 7034409 0 0 6345245 7034409 12937597 19206818 689164 0 X 0 1 X 1 1 0 X 3303292 14254321 9124879 10117708 9743735 46543935 3303292 14254321 9124879 10117708 9743735 46543935 9684702 36859233 1404 10620 16867 2599 1 31491 5903 5903 46581329 17633544 0.79130 0.73690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 5041 5041 0 0 GRANT ADVANCES 1049017 DUE FROM RELATED ORGANIZATION 299633 1348650 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 ENDED DECEMBER 31, 2021, AND DETERMINED THAT THERE ARE 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 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 0 27 0 0 0 27 1500000 0 1500000 SUB-SAHARAN AFRICA SUBAWARDEE / PROGRAM SUPPORT 447726 WIRE TRANSFER 0 CASH EAST ASIA AND THE PACIFIC SUBAWARDEE / PROGRAM SUPPORT 211535 WIRE TRANSFER 0 CASH SUB-SAHARAN AFRICA SUBAWARDEE / PROGRAM SUPPORT 18600 WIRE TRANSFER 0 CASH 3 0 0 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 III ACCOUNTING METHOD: 1 CITIESRISE INC 33 WEST 60TH STREET FLOOR 2 NEW YORK NY 10023 842469894 501(C)(3) 836364 0 GENERAL SUPPORT BUSINESS FOR HEALTH SOLUTIONS INTERNATIONAL INC 188 GRAND STREET SUITE 406 NEW YORK NY 10013 861741586 501(C)(3) 437896 0 GENERAL SUPPORT ACUMEN FUND INC 40 WORTH STREET SUITE 303 NEW YORK NY 10013 134166228 501(C)(3) 114788 0 GENERAL SUPPORT REFUGEE INVESTMENT NETWORK INC 1401 K STREET NW SUITE 900 WASHINGTON DC 20005 844496089 501(C)(3) 53200 0 GENERAL SUPPORT 4 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 188779 0 0 0 0 0 11327 0 23292 0 223398 0 0 0 CRAIG COURTNEY DIRECTOR 207750 0 0 0 0 0 12465 0 0 0 220215 0 0 0 BRIAN MILDER DIRECTOR 195552 0 0 0 0 0 11733 0 0 0 207285 0 0 0 DANIEL ZOOK DIRECTOR 189674 0 0 0 0 0 11380 0 0 0 201054 0 0 0 ANDREW STERN CEO 169321 0 0 0 0 0 10159 0 19342 0 198822 0 0 0 DARIN KINGSTON SECRETARY 183000 0 0 0 0 0 10980 0 0 0 193980 0 0 0 CHINTAN MARU DIRECTOR 175211 0 0 0 0 0 10513 0 5662 0 191386 0 0 0 ELIZABETH VANDERWOUDE CFO/TREASURER 151604 0 0 0 0 0 9096 0 0 0 160700 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. GDI SOLUTIONS LLC 1401 K STREET NW SUITE 900 WASHINGTON DC 20005 854084086 FACILITATE GRANT FUNDING OPPORTUNITIES DC THE GLOBAL DEVELOPMENT INCUBATOR INC ACELI AFRICA INC 1401 K STREET NW SUITE 900 WASHINGTON DC 20005 843344516 FINANCING AGRICULTURAL SMES IN AFRICA DC 501(C)(3) LINE 7 THE GLOBAL DEVELOPMENT INCUBATOR INC 1 50BREAKTHROUGHS FOUNDATION (SEPT 30 2021 SEPARATED FROM GDI) 812 CREED ROAD OAKLAND CA 94610 822180399 USE TECHNOLOGY TO SOLVE SOCIAL AND ECONOMIC PROBLEMS CA 501(C)(3) LINE 7 THE GLOBAL DEVELOPMENT INCUBATOR INC (ENDED SEPT 30 2021) 1 ISF ADVISORS INC 1401 K STREET NW SUITE 900 WASHINGTON DC 20005 871088927 SUSTAINABLE TRANSFORMATION OF FOOD SYSTEMS AND AGRICULTURAL SUPPLY DC 501(C)(3) LINE 7 THE GLOBAL DEVELOPMENT INCUBATOR INC 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0