2022-10-27T15:02:56-05:00 2021-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2021-01-01 271661997 GIVEDIRECTLY INC GIVE 6465044837 PO BOX 3221 NEW YORK NY 10008 JASON WATTERS CFO 6465044837 2022-10-27 1 JASON WATTERS XXX-XX-XXXX AARON M FOX P01365820 2022274000 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z MICHAEL FAYE PO BOX 3221 NEW YORK NY 10008 254264236 0 X WWW.GIVEDIRECTLY.ORG X 2009 MA TO REDUCE POVERTY BY PROVIDING FINANCIAL ASSISTANCE DIRECTLY TO THOSE IN NEED. 5 4 64 6 0 0 303155869 249227004 0 0 1991541 2179819 1326636 2678442 306474046 254085265 211698620 168351615 0 0 11565295 18761054 0 0 5022797 6546816 9738867 229810731 196851536 76663315 57233729 184296382 268742761 41253904 66852250 143042478 201890511 X THE ORGANIZATION'S MISSION IS TO REDUCE POVERTY BY PROVIDING FINANCIAL ASSISTANCE DIRECTLY TO THOSE IN NEED. 0 0 186675981 168351615 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 2021, GIVEDIRECTLY DELIVERED OVER $165M TO OVER 550K HOUSEHOLDS IN 10 COUNTRIES ACROSS 25 DIFFERENT PROGRAMS. WE REACHED MORE PEOPLE IN POVERTY INTERNATIONALLY IN 2021 THAN ANY YEAR PRIOR. WE CONTINUED TO PROVIDE U.S. COVID-19 RELIEF HAVING REACHED 47K MORE HOUSEHOLDS WITH $1000 PAYMENTS, CLOSING OUT THE LARGEST DONOR-FUNDED CASH TRANSFER PROGRAM IN U.S. HISTORY. WE PROVIDED TECHNICAL SUPPORT TO THE SOCIAL FUND OF THE DRC'S COVID-19 RELIEF EFFORT IN DECEMBER 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. A SIMILAR DATA-DRIVEN APPROACH ENABLED GIVEDIRECTLY TO REACH 100K+ PEOPLE IN TOGO FULLY REMOTELY. 186675981 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 X 33 0 1 64 1 0 1 KE UG MI MO LI UK CG RW MZ 0 0 0 0 0 0 0 0 0 0 X 5 4 1 0 0 0 0 0 0 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 SARAH SULLIVAN 6465044837 PO BOX 3221 NEW YORK NY 10008 JOSEPH HUSTON MANAGING DIRECTOR 40.00 X 481553 0 6371 KATIE DONLEY CHIEF GROWTH OFFICER 40.00 X 314009 0 14368 OLU BABALOLA COO 40.00 X 190087 0 10065 PIALI MUKHOPADHYAY FORMER COO 0.00 X 190026 0 0 STEPHANIE HILL VP, PEOPLE 40.00 X 177723 0 10063 HAN SHENG CHIA VP, INNOVATION 40.00 X 183094 0 32 ALEX NAWAR DIRECTOR, HUMANITARIAN & US OPS. 40.00 X 179052 0 32 BECCA FRANK DIRECTOR, TECHNOLOGY 40.00 X 163687 0 6572 JASON WATTERS CFO - AS OF 05/2021 40.00 X 118928 0 9833 MICHAEL FAYE PRESIDENT 15.00 X X 113000 0 0 PAUL NIEHAUS DIRECTOR 1.00 X 0 0 0 ROHIT WANCHOO TREASURER 1.00 X X 0 0 0 JACQUELLINE FULLER DIRECTOR 1.00 X 0 0 0 ALY JEDDY CHAIR 1.00 X X 0 0 0 2111159 0 57336 26 1 1 0 SEGOVIA TECHNOLOGY 524 BROADWAY NEW YORK NY 10012 PAYMENT GATEWAYS 533029 SALESFORCE 415 MISSION STREET SAN FRANCISCO CA 94105 SOFTWARE 253669 SHINING HOPE FOR COMMUNITIES 11 PARK PLACE NEW YORK NY 10007 COMMUNITY ADVOCACY 185000 HYPERWALLET 2211 N FIRST STREET SAN JOSE CA 95131 PAYMENT GATEWAYS 165074 PEAK SUPPORT LLC 678 MASSACHUSETTS AVE 901 CAMBRIDGE MA 02139 BUSINESS PROCESS OUTSOURCING 137895 8 10059 21057285 228159660 42769825 249227004 2072199 2072199 286591 178971 107620 107620 107620 FOREIGN EXCHANGE TRANS. 900099 2677311 2677311 OTHER INCOME 900099 1131 1131 2678442 254085265 0 0 4858261 99465 99465 43071893 43071893 125180257 125180257 801076 679095 121981 190026 190026 15521145 10354536 1959100 3207509 21353 13954 7399 1264071 989261 132789 142021 963383 634904 150585 177894 180777 52171 128606 209067 39722 169345 155807 155807 1253504 975116 172565 105823 390211 4770 20469 364972 1542457 1517679 8170 16608 1158254 629278 284319 244657 823064 517126 305938 1321059 1197811 74278 48970 65329 55006 7841 2482 99103 9794 89309 MOBILE MONEY & BANKING 1460346 897241 15440 547665 IMPAIRMENT ON INTANGIBL 558412 558412 EQUIPMENT 461791 435997 23288 2506 MISCELLANEOUS 59686 19977 39709 196851536 186675981 5152758 5022797 X 55369982 124470775 60396109 46858889 6370791 14876313 327858 3643678 355343 538167 552982 748315 383461 195743 89060 187718 5046815 5720048 53300136 64084392 0 3493017 2487306 4121449 184296382 268742761 2090511 3982236 34459319 59994700 4704074 2875314 41253904 66852250 X 71917468 148377979 71125010 53512532 143042478 201890511 184296382 268742761 57233729 1614304 0 X 0 1 X 1 1 1 X 50505598 52904845 42143391 303155869 249227004 697936707 50505598 52904845 42143391 303155869 249227004 697936707 128278909 569657798 485681 1703307 2288581 2078066 2072199 8627834 447879 700912 560159 1326636 2678442 5714028 712278569 0.79980 0.78810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 186641 95273 91368 196820 100470 96350 187718 2563980 F US GOV'T AGENCIES OBLIG. 45860995 F FRGN. GOV'T AGEN. OBLIG. 10468667 F PRIVATE INVESTMENT FUND 5190750 F 64084392 X 255748340 1614304 204578 1818882 253929458 155807 155807 254085265 196900307 204578 204578 196695729 155807 155807 196851536 PART X, LINE 2: GIVEDIRECTLY PERFORMED AN EVALUATION OF UNCERTAINTY IN INCOME TAXES FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020, 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. 0 SUB-SAHARAN AFRICA 25 750 CASH TRANSFERS TO RECIPIENTS LOCATED IN THE REGION 119279147 SUB-SAHARAN AFRICA 0 0 PROGRAM RELATED INVESTMENTS 10468667 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES PROGRAM EXPENSE RELATED TO CASH TRANSFERS 6357404 MIDDLE EAST AND NORTH AFRICA 1 24 CASH TRANSFERS TO RECIPIENTS LOCATED IN THE REGION 5901110 SUB-SAHARAN AFRICA 0 0 FUNDRAISING 35703 26 774 0 0 26 774 142042031 0 142042031 DIRECT CASH ASSISTANCE SUB-SAHARAN AFRICA 509192 119279147 MOBILE MONEY DIRECT CASH ASSISTANCE MIDDLE EAST AND NORTH AFRICA 593 5901110 MOBILE MONEY 0 0 1 0 0 0 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. 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 SHINING HOPE FOR COMMUNITIES 11 PARK PLACE 3RD FLOOR NEW YORK NY 10007 271493201 501(C)(3) 55000 0 PROVIDE LIVELIHOOD ASSISTANCE TO WOMEN IN PARTS OF NAIROBI CENTER FOR EFFECTIVE GLOBAL ACTION (UC BERKELEY) GIANNINI HALL 251 BERKELEY CA 94720 946002123 501(C)(3) 44465 0 USING CEGA'S TECHNOLOGY, DISCOVER MORE EFFECTIVE AND IMPACTFUL WAS TO IDENTIFY RECIPIENTS 2 0 COVID-19 DIRECT CASH ASSISTANCE 43072 43071893 PART I, LINE 2: TO MONITOR THE RECEIPT AND USE OF US COVID DOMESTIC TRANSFERS, GIVEDIRECTLY CONFIRMED CASH OUT STATUS FOR EACH RECIPIENTS BY MONTHLY REVIEW OF THE GIVEDIRECTLY BANK STATEMENTS. ALSO, GIVEDIRECTLY ISSUED SURVEYS TO A SUBSET OF THE US COVID POPULATION ASKING GENERAL INQUIRIES AND FOR CONFIRMATION OF RECEIPT. REGARDING THE SHINING HOPE FOR COMMUNITIES (SHOFCO) GRANT, SHOFCO REPORTED ON A BI-WEEKLY BASIS TO THE GIVEDIRECTLY PROJECT LEAD VIA A PHONE/VIDEO CALL. SHOFCO ALSO PROVIDED INTERIM AND FINAL PROJECT STATUS REPORTS WHICH WERE REVIEWED FOR APPROVAL BY PROJECT LEAD BEFORE INVOICE PAYMENTS. X X X 0 0 0 0 0 0 0 1 0 JOSEPH HUSTON MANAGING DIRECTOR 225000 0 245165 0 11388 0 0 0 6371 0 487924 0 0 0 KATIE DONLEY CHIEF GROWTH OFFICER 165000 0 145599 0 3410 0 0 0 14368 0 328377 0 0 0 OLU BABALOLA COO 184299 0 0 0 5788 0 0 0 10065 0 200152 0 0 0 PIALI MUKHOPADHYAY FORMER COO 0 0 190026 0 0 0 0 0 0 0 190026 0 0 0 STEPHANIE HILL VP, PEOPLE 150625 0 19402 0 7696 0 0 0 10063 0 187786 0 0 0 HAN SHENG CHIA VP, INNOVATION 132917 0 32450 0 17727 0 0 0 32 0 183126 0 0 0 ALEX NAWAR DIRECTOR, HUMANITARIAN & US OPS. 128875 0 32450 0 17727 0 0 0 32 0 179084 0 0 0 BECCA FRANK DIRECTOR, TECHNOLOGY 150625 0 0 0 13062 0 0 0 6572 0 170259 0 0 0 PART I, LINE 7 FOR THE YEAR ENDED DECEMBER 31, 2021, INDIVIDUALS LISTED ON PART VII RECEIVED A NON-FIXED PAYMENTS WHICH WERE BASED ON PRE-ESTABLISHED INDEX ACCORDING TO THE INDIVIDUALS' LEVELS AND MEETING ORGANIZATION'S MISSION WHICH IS BASED ON ENROLLING RECIPIENTS IN THE CASH TRANSFER PROGRAMS. X 133 6792657 FMV X 1 5190750 FMV X CRYPTO CURRENCY 2510 30786418 FMV 0 1 0 PART I, COLUMN (B): THE ORGANIZATION REPORTS THE NUMBER OF CONTRIBUTIONS IN COLUMN (C). 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 GIFTSGIVEDIRECTLY 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 2 TWO BOARD MEMBERS MICHAEL FAYE AND PAUL NIEHAUS WERE CO-FOUNDERS OF SEGOVIA TECHNOLOGIES. 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. FORM 990, PART X, LINE 19 DURING 2019, GOOGLE DONATED $2.85M TO GIVEDIRECTLY FOR DISASTER RELIEF EFFORTS, OF WHICH $2.8M WAS TREATED AS DEFERRED REVENUE. THE DEFERRED REVENUE WILL BE RECOGNIZED AS REVENUE IN 2021 AND/OR 2022 TO THE EXTENT HUMANITARIAN EFFORTS ARE UNDERTAKEN IN RESPONSE TO DISASTERS. IN THE EVENT NO DISASTER MEETS THE CRITERIA BY DECEMBER 31, 2022, GOOGLE AND GRANTEE WILL WORK TOGETHER IN GOOD FAITH TO DETERMINE HOW THE UNALLOCATED GRANT FUNDS WILL BE SPENT, WHICH WILL BE REFLECTED IN AN AMENDMENT TO THE GOOGLE AGREEMENT WITH GIVEDIRECTLY. IF THE PARTIES DO NOT ENTER INTO AN AMENDMENT BY MARCH 31, 2023, GRANTEE WILL RETURN ANY UNALLOCATED GRANT FUNDS TO GOOGLE WITHIN 60 DAYS.