2019-10-28T08:55:54-05:00 2018-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2018-01-01 141945286 THE GLOBAL DEVELOPMENT INCUBATOR INC GLOB 2026596570 1401 K STREET NW NO 900 WASHINGTON DC 20005 ELIZABETH VANDERWOUDE FINANCIAL DIRECTOR 2026596570 2019-10-28 1 FRANK H SMITH P00639053 2022274000 2019-10-28 47.19.127.190 2019-10-28 08:55:51 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 570ED48B5F8CC28C01C0C8DF3D35B6F95E5F8C55 2018 2020-03-31 21:24:44Z GARY EDSON 1401 K STREET NW NO 900 WASHINGTON DC 20005 18896087 0 X WWW.GLOBALDEVINCUBATOR.ORG X 2005 NY TO HELP DEVELOP BUSINESS STRATEGIES FOR OTHER ORGANIZATION'S INDEPENDENT OPERATIONS. 5 5 33 5 0 1783 3303292 14254321 3021845 4631146 1404 10620 0 0 6326541 18896087 641873 400000 0 0 2427841 3244145 0 0 0 3296387 6920179 6366101 10564324 -39560 8331763 4505671 13171257 3341473 3675296 1164198 9495961 X THE GLOBAL DEVELOPMENT INCUBATOR, INC. (GDI) PROVIDES STRATEGIC, OPERATIONAL, AND BUSINESS PLANNING SUPPORT SERVICES TO BUILD STARTUPS AND PARTNERSHIPS DRIVING SOCIAL IMPACT AROUND THE WORLD. 0 0 3932454 1248713 AGENTERPRISE:GDI'S AGENTERPRISE FOCUS AREA AIMS TO ADDRESS CHALLENGES IN THE AGRICULTURE, SUSTAINABILITY, AND CLIMATE SECTORS. WHILE THIS FOCUS AREA COVERS SEVERAL DIFFERENT PROJECTS, TWO PARTICULARLY NOTEWORTHY INITIATIVES ARE ISF ADVISORS AND THE MASTERCARD FOUNDATION RURAL AND AGRICULTURAL FINANCE LEARNING LAB (THE LAB). GDI BUILT AND INCUBATES ISF ADVISORS, AN ADVISORY GROUP COMMITTED TO TRANSFORMING RURAL ECONOMIES BY DELIVERING PARTNERSHIPS AND INVESTMENT STRUCTURES THAT PROMOTE FINANCIAL INCLUSION FOR RURAL ENTERPRISES AND SMALLHOLDER FARMERS, AND THE MASTERCARD FOUNDATION RURAL AND AGRICULTURAL FINANCE LEARNING LAB, A LEARNING LAB FOSTERS KNOWLEDGE CREATION, SHARING, AND COLLABORATION TO IMPROVE SMALLHOLDER AND RURAL FINANCIAL SOLUTIONS. 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. 2851594 364994 BEYOND HEALTH:GDI'S BEYOND HEALTH FOCUS AREA CUTS ACROSS ISSUES RANGING FROM MENTAL HEALTH TO COMMUNITY LIVELIHOODS, DIGITAL HEALTH SYSTEMS, AND EVERYTHING IN BETWEEN. IN PARTICULAR, GDI BUILT AND NOW INCUBATES 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. BUILDING OFF LEARNINGS FROM GDI'S INCUBATION OF HEALTHENABLED, AN ORGANIZATION THAT HELPS AFRICAN GOVERNMENTS INTEGRATE DIGITAL HEALTH SOLUTIONS INTO THEIR POLICIES, GDI AND HEALTHENABLED CO-LAUNCHED THE GLOBAL DIGITAL HEALTH INDEX, AN INTERACTIVE DIGITAL RESOURCE THAT TRACKS, MONITORS, AND EVALUATES THE USE OF DIGITAL TECHNOLOGY FOR HEALTH ACROSS COUNTRIES. ULTIMATELY THROUGH THESE EFFORTS, GDI AIMS TO BRING TOGETHER LEADERS FROM TECHNOLOGY, GOVERNMENT, AND HEALTH INNOVATION TO DEVELOP CROSS-SECTOR HEALTH SOLUTIONS AT SCALE. 1484441 IMPACT ESCALATED:GDI'S IMPACT ESCALATED FOCUS AREA UNLOCKS OPPORTUNITIES TO IMPROVE ACCESS TO FINANCE, NEW PHILANTHROPY, AND EMERGING MARKET INVESTMENT. THE PORTFOLIO HAS BROUGHT TO LIFE SEVERAL NEW APPROACHES IN THESE AREAS INCLUDING CO-IMPACT A PHILANTHROPIC COLLABORATIVE FOR SYSTEMS CHANGE, FOCUSED ON IMPROVING THE LIVES OF MILLIONS OF PEOPLE AROUND THE WORLD AND THE COLLABORATIVE FOR FRONTIER FINANCE A MULTI-STAKEHOLDER INITIATIVE THAT COORDINATES AND SUPPORTS FUND MANAGERS, FUNDERS, AND FIELD-BUILDERS TO INCREASE ACCESS TO CAPITAL FOR SMALL AND GROWING BUSINESSES IN EMERGING MARKETS. GDI ALSO BROUGHT PARTNERS TOGETHER TO BUILD THE PARTNERSHIP FOR ECONOMIC INCLUSION - AN INITIATIVE THAT MANAGES A GLOBAL COMMUNITY OF PRACTICE CONSISTING OF HUNDREDS OF PARTNERS ACROSS NGOS, RESEARCHERS AND FOUNDATIONS THAT AIMING TO SHIFT EXISTING GOVERNMENT POVERTY PROGRAMS AWAY FROM A FOCUS ON SOCIAL PROTECTION AND SAFETY NETS TO A FOCUS ON PROGRAMS THAT INTEGRATE LIVELIHOODS, SOCIAL, AND ECONOMIC INCLUSION FOR THE EXTREME POOR. IN THE REALM OF EMERGING MARKET INVESTMENT, GDI HAS PILOTED A NEW ROLE OF "TRUSTEE" AS PART OF THE VILLAGE ENTERPRISE DEVELOPMENT IMPACT BOND (DIB), THE FIRST-EVER OUTCOME-BASED DIB POVERTY ALLEVIATION IN SUB-SAHARAN AFRICA. TO UNLOCK NEW MODES OF FINANCING, GDI SUPPORTS THE SOURCING AND DILIGENCE PROCESS FOR UNORTHODOX PHILANTHROPY - A PHILANTHROPIC INITIATIVE FOCUSED ON FUNDING SOCIAL IMPACT IDEAS THAT REQUIRE A FINITE AMOUNT OF CAPITAL TO SUCCEED. 1281976 8264 DEVELOPMENT FRONTIER:GDI'S DEVELOPMENT FRONTIERS FOCUS AREA WORKS TO ADVANCE LIVELIHOODS, LEADERSHIP, AND YOUTH DEVELOPMENT ACROSS SECTORS AND REGIONS. IN THE REALM OF GOVERNANCE, GDI HAS DEVELOPED EMERGING PUBLIC LEADERS, AN ORGANIZATION THAT PLACES TALENTED, YOUNG, LOCAL LEADERS IN TWO-YEAR GOVERNMENT FELLOWSHIPS TO DRIVE AFRICA'S DEVELOPMENT AND CREATE A NEW GENERATION OF CIVIL SERVICE LEADERS. TO UNLOCK NEW MODES OF FINANCING, GDI SUPPORTS THE SOURCING AND DILIGENCE PROCESS FOR UNORTHODOX PHILANTHROPY - A PHILANTHROPIC INITIATIVE FOCUSED ON FUNDING SOCIAL IMPACT IDEAS THAT REQUIRE A FINITE AMOUNT OF CAPITAL TO SUCCEED - AND ALSO LED THE DESIGN, BUILD, AND LAUNCH OF CONVERGENCE, THE GLOBAL NETWORK FOR BLENDED FINANCE, WHICH EXITED GDI IN 2017 AND NOW STANDS AS AN INDEPENDENT ORGANIZATION. TO ADDRESS THE IMMENSE CHALLENGE OF HUMAN TRAFFICKING IN A NEW AND MORE COORDINATED WAY, GDI INCUBATES THE GLOBAL FUND TO END MODERN SLAVERY, A PUBLIC-PRIVATE PARTNERSHIP THAT SEEKS TO CATALYZE AND COORDINATE A COHERENT GLOBAL STRATEGY TO END MODERN SLAVERY. 831844 400000 3009175 OTHER PROGRAMS 2113820 400000 3017439 10382309 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 30 0 1 33 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 5 5 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 NO 900 WASHINGTON DC 20005 NAZAHIN ASH BOARD DIRECTOR 2.00 X 0 0 0 SHASHI BULUSWAR BOARD DIRECTOR 2.00 X 0 0 0 KATHERINE COUSINS BOARD DIRECTOR 2.00 X 0 0 0 ELCHE NOWROJI BOARD DIRECTOR 2.00 X 0 0 0 BETHLEHEM SHIFERAW BOARD DIRECTOR 2.00 X 0 0 0 GARY EDSON PRESIDENT AND CEO (AS OF 09/2018) 40.00 X 65625 0 0 ANDREW STERN PRESIDENT AND CEO (UNTIL 09/2018) 30.00 X 138585 0 25305 ELIZABETH VANDERWOUDE FINANCIAL DIRECTOR (AS OF 01/2018) 40.00 X 120000 0 4830 DARIN KINGSTON SECRETARY 40.00 X 159025 0 6430 ALICE GUGELEV SENIOR DIRECTOR 40.00 X 178224 0 26358 THOMAS CARROLL SENIOR DIRECTOR (AS OF 01/2018) 40.00 X 177634 0 28469 MOITREYEE SINHA DIRECTOR 40.00 X 199632 0 18174 DANIEL ZOOK DIRECTOR 40.00 X 198107 0 28517 JASON WENDLE DIRECTOR 40.00 X 183133 0 28465 CRAIG COURTNEY DIRECTOR 40.00 X 170175 0 6870 1590140 0 173418 9 0 1 0 DALBERG US 155 W 23RD STREET 6TH FLOOR NEW YORK NY 10011 CONSULTING SERVICES 853273 IDH THE SUSTAINABLE TRADE INITIATIVE ARTHUR VAN SCHENDELSTRAAT 500 UTRECHT NL CONSULTING SERVICES 170996 MHEALTHEHEALTH EXPERT LEARN PROG NPC UNIT D11 WESTLAKE DR CAPE TOWN SF CONSULTING SERVICES 165989 CLARA COLINA FLAT 2 6 CLYDESDALE ROAD LONDON UK W111JE CONSULTING SERVICES 156850 MIKAEL CLASON HOOK 22 WAVARTY AVENUE BROOKLYN NY 11205 CONSULTING SERVICES 151900 13 1053020 13201301 14254321 PROGRAM SERVICES 900099 4603558 4603558 MANAGEMENT FEE 900099 27588 27588 4631146 10620 10620 18896087 4631146 0 10620 X 400000 400000 930485 810729 119756 1638802 1635702 3100 50819 50784 35 433433 422799 10634 190606 182271 8335 19684 19684 45371 45371 1962239 1962239 48032 48032 76906 76906 402778 368354 34424 539143 534703 4440 1291 1291 PROGRAM FEES 3809067 3809067 MISCELLANEOUS 15668 15668 10564324 10382309 182015 0 1072480 768368 2594427 4050117 377069 7287843 459476 985064 2219 5041 5041 0 0 0 79865 4505671 13171257 789231 1192394 620693 152649 1931549 2330253 3341473 3675296 X 561706 1148587 602492 8347374 1164198 9495961 4505671 13171257 8331763 0 X 0 1 X 1 1 1 X 734333 7421509 3546020 3303292 14254321 29259475 734333 7421509 3546020 3303292 14254321 29259475 8525721 20733754 368 1348 1658 1404 10620 15398 29274873 13641898 0.70820 0.71250 X SCHEDULE A, PART II, PUBLIC CHARITY STATUS EFFECTIVE JANUARY 1, 2013, THE U.S. INTERNAL REVENUE SERVICE (IRS) ACKNOWLEDGED AND NOTIFIED GDI THAT IT WOULD BE TREATED AS A PUBLIC CHARITY AS DESCRIBED UNDER IRC SECTION CODES 509(A)(1) AND 170(B)(1)(A)(VI) FOR A PROBATIONARY PERIOD OF 60 MONTHS TO END ON DECEMBER 31, 2018. GDI HAS FILED THE FEDERAL FORM 990-PF FROM 2013 THROUGH 2016 AND WILL BE FILING THE FEDERAL FORM 990 AS A PUBLIC CHARITY STARTING FOR THE YEAR ENDED DECEMBER 31, 2017 AND ONWARDS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 5041 5041 0 0 X 18932519 36432 36432 18896087 0 18896087 10600756 36432 36432 10564324 0 10564324 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, 2018, 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 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES RURAL AND AGRICULTURAL LEARNING LAB, CITIESRISE, GLOBAL DIGITAL HEALTH INDEX, ISF ADVISORS 200000 NORTH AMERICA 0 0 PROGRAM SERVICES COLLABORATIVE FOR FRONTIER FINANCE, PARTNERSHIP FOR ECONOMIC INCLUSION 200000 SOUTH ASIA 0 5 PROGRAM SERVICES CITIESRISE, COLLABORATIVE FOR FRONTIER FINANCE, GLOBAL FUND TO END MODERN SLAVERYS 200000 SUB-SAHARAN AFRICA 0 10 PROGRAM SERVICES ISF ADVISORS, RURAL AND AGRICULTURAL LEARNING LAB, CITIESRISE, COLLABORATIVE FOR FRONTIER FINANCE, ACELI AFRICA 200000 SUB-SAHARAN AFRICA 0 0 GRANTMAKING 400000 0 15 0 0 0 15 1200000 0 1200000 SUB-SAHARAN AFRICA PROGRAM SERVICES 400000 WIRE TRANSFER 1 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 4; PART II, LINE 1 IN ACCORDANCE WITH IRS INSTRUCTIONS, ALL AMOUNTS REPORTED IN PARTS I AND II 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 X 0 0 0 0 0 0 0 0 0 ANDREW STERN PRESIDENT AND CEO (UNTIL 09/2018) 138585 0 0 0 0 0 5700 0 19605 0 163890 0 0 0 DARIN KINGSTON SECRETARY 159025 0 0 0 0 0 6400 0 30 0 165455 0 0 0 ALICE GUGELEV SENIOR DIRECTOR 178224 0 0 0 0 0 0 0 26358 0 204582 0 0 0 THOMAS CARROLL SENIOR DIRECTOR (AS OF 01/2018) 177634 0 0 0 0 0 7604 0 20865 0 206103 0 0 0 MOITREYEE SINHA DIRECTOR 199632 0 0 0 0 0 0 0 18174 0 217806 0 0 0 DANIEL ZOOK DIRECTOR 198107 0 0 0 0 0 7700 0 20817 0 226624 0 0 0 JASON WENDLE DIRECTOR 183133 0 0 0 0 0 7600 0 20865 0 211598 0 0 0 CRAIG COURTNEY DIRECTOR 170175 0 0 0 0 0 6840 0 30 0 177045 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. 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. FORM 990, PART IX, LINE 11G PROGRAM CONSULTING: PROGRAM SERVICE EXPENSES 1,962,239. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,962,239.