2018-11-06T11:08:05-06:00 2017-12-31 521511275 RAFFA PC 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2017-01-01 141945286 THE GLOBAL DEVELOPMENT INCUBATOR INC GLOB 2026596570 1401 K STREET NW NO 900 WASHINGTON DC 20005 ELIZABETH VANDERWOUDE TREASURER 2026596570 2018-11-06 1 FRANK H SMITH P00639053 2028225000 2018-11-06 207.238.152.31 2018-11-06 12:07:49 ES P 34B105C2C7BADB5F86383FB62741823725D67518 1A0AE8A7BB8C6D2397DB88F111DB3F763BC2E0F7 2017 2018-06-14 16:35:46Z X GARY EDSON 1401 K STREET NW NO 900 WASHINGTON DC 20005 6326541 0 X WWW.GLOBALDEVINCUBATOR.ORG X 2005 NY TO HELP DEVELOP BUSINESS STRATEGIES FOR OTHER ORGANIZATION'S INDEPENDENT OPERATIONS. 5 5 19 5 0 0 0 3303292 0 3021845 0 1404 0 0 0 6326541 0 641873 0 0 0 2427841 0 0 0 0 3296387 0 6366101 0 -39560 2320043 4505671 1116285 3341473 1203758 1164198 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 2979829 1809475 AGENTERPRISE:GDI'S AGENTERPRISE PORTFOLIO FOCUSES ON IMPROVING LIVES AND LIVELIHOODS IN RURAL COMMUNITIES BY INTEGRATING NOVEL FINANCING SOLUTIONS AND INFORMATION TECHNOLOGY. IN PARTICULAR, GDI BUILT AND NOW 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 FOSTERING KNOWLEDGE CREATION, SHARING, AND COLLABORATION THAT LEADS TO BETTER FINANCIAL SOLUTIONS PROVIDED TO MORE SMALLHOLDER FARMERS AND OTHER RURAL CLIENTS. THROUGH THESE INITIATIVES AND OTHER RELATED EFFORTS IN THE AGENTERPRISE PORTFOLIO, GDI BRINGS TOGETHER KEY PLAYERS FROM ACROSS THE RURAL AND SMALLHOLDER FARMER FINANCE VALUE CHAIN - FROM BANKS, TO NON-PROFIT IMPLEMENTERS - WHO OTHERWISE MAY NEVER HAVE COLLABORATED DESPITE THEIR SHARED GOALS. 1315892 400482 402675 BEYOND HEALTH:GDI'S BEYOND HEALTH PORTFOLIO FOCUSES ON BUILDING HEALTHY COMMUNITIES BY SCALING UP MULTI-SECTORAL INNOVATIONS IN NEGLECTED HEALTH AREAS AND CATALYZING THE USE OF TECHNOLOGY TO UNLOCK HUMAN POTENTIAL. 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 BEEN ABLE TO BRING 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 THE WORLDS OF TECHNOLOGY, GOVERNMENT, AND HEALTH INNOVATION TO HELP COUNTRIES OVERCOME PERSISTENT CHALLENGES TO IMPLEMENTING SUSTAINABLE DIGITAL HEALTH SOLUTIONS AT SCALE. 1172058 551458 IMPACT ESCALATED:GDI'S IMPACT ESCALATED PORTFOLIO FOCUSES ON SCALING IMPACT THROUGH FINANCIAL INCLUSION, SOCIAL ENTREPRENEURSHIP, AND INNOVATIVE FINANCE. 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 FIELDBUILDERS 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 AIMS TO SHIFT EXISTING GOVERNMENT POVERTY PROGRAMS 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 INNOVATIVE FINANCE, 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. THROUGH DEVELOPING AND PLAYING THE TRUSTEE ROLE, GDI AIMS TO MITIGATES THE CHALLENGES OF SETTING UP FUTURE DIBS BY REDUCING COST AND PROCESSING TIME, "CROWDING IN" INVESTORS, AND ENSURING A NEUTRAL PARTY MANAGES CONTRACTS, RISKS, AND CASHFLOWS. 876926 241391 258237 DEVELOPMENT FRONTIERS:GDI'S DEVELOPMENT FRONTIERS PORTFOLIO ADVANCES THE GLOBAL DEVELOPMENT ARCHITECTURE BY HELPING DESIGN, BUILD, AND LAUNCH INITIATIVES THAT APPLY UNORTHODOX APPROACHES TO GOVERNANCE, FINANCING, AND HUMAN CAPACITY. 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. 876926 241391 258237 6344705 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 19 0 1 19 1 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 BETH SHIFERAW BOARD DIRECTOR 2.00 X 0 0 0 ANDREW STERN PRESIDENT AND EXECUTIVE DIRECTOR 30.00 X 122817 0 25647 MOITREYEE SINHA SECRETARY 40.00 X 144447 0 23054 THOMAS CARROLL TREASURER 40.00 X 132293 0 24921 ALICE GUGELEV DIRECTOR 40.00 X 161648 0 27480 DAN ZOOK MANAGER 40.00 X 155414 0 26859 JASON WENDLE DIRECTOR 40.00 X 148624 0 31980 CRAIG COURTNEY MANAGER 36.00 X 137347 0 27265 DARIN KINGSTON MANAGER 40.00 X 135616 0 20707 1138206 0 207913 8 0 1 0 DALBERG US 1401 K STREET NW SUITE 900 WASHINGTON DC 20005 CONSULTING SERVICES 405038 MATTHEW SHAKOVSKOY 109A MUNRO STREET AUCHENFLOWER AS 04066 PROGRAM MANAGEMENT 195905 IDINSIGHT 785 MARKET STREET SUITE 200 SAN FRANCISCO CA 94103 MONITORING AND EVALUATION SERVICES 179320 INSTIGLIO 1875 CONNECTICUT AVENUE 10TH FLOOR WASHINGTON DC 20009 PROJECT MANAGEMENT 143241 MIKAEL CLASON- HOOK 99 CLERMONT AVENUE BROOKLYN NY 11205 PROGRAM MANAGEMENT 141007 7 1471247 1832045 3303292 PROGRAM SERVICES 900099 3021845 3021845 3021845 1404 1404 6326541 3021845 0 1404 X 641873 641873 662307 521856 140451 1235832 1052401 183431 390491 348702 41789 139211 121199 18012 5104 5104 48799 48799 2747079 2689948 57131 4290 4143 147 24295 13184 11111 136003 136003 297746 257359 40387 2801 2801 5402 5402 PROFESSIONAL DEV. 24868 5722 19146 OVERHEAD ALLOCATION 0 685517 -685517 6366101 6344705 21396 0 627789 1072480 663508 2594427 258118 377069 731915 459476 35912 2219 5041 5041 2801 0 2320043 4505671 540846 789231 575439 620693 0 1931549 1116285 3341473 X 249085 561706 954673 602492 1203758 1164198 2320043 4505671 -39560 0 X 0 1 X 1 1 1 X 1405620 734333 7421509 3546020 3303292 16410774 1405620 734333 7421509 3546020 3303292 16410774 4714579 11696195 162 368 1348 1658 1404 4940 16415714 9010752 0.71250 0.69930 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. 0 1 X 5041 5041 0 0 X 6544987 218446 218446 6326541 0 6326541 6584547 218446 218446 6366101 0 6366101 PART IV, LINE 2B: DURING 2017, 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 WOULD PAY THE FUNDS TO THE APPROVED GRANTEES AND WOULD BE 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, 2017, 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 SOUTH AMERICA 0 0 PROGRAM SERVICES MENTAL HEALTH, IMPACT ESCALATED 2964 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES MENTAL HEALTH 747 NORTH AMERICA 0 0 PROGRAM SERVICES CONVERGENCE, COLLABORATIVE FOR FRONTIER FINANCE, PARTNERSHIP FOR ECONOMIC INCLUSION 6798 EUROPE (INCLUDING ICELAND & GREENLAND) 0 2 PROGRAM SERVICES RURAL AND AGRICULTURAL LEARNING LAB, GDHI, MENTAL HEALTH 127988 EAST ASIA AND THE PACIFIC 0 2 EMPLOYEES AND AGENTS 320478 SOUTH ASIA 0 0 PROGRAM SERVICES INITIATIVE FOR SMALLHOLDER FINANCE, MENTAL HEALTH, GFEMS 123631 SUB-SAHARAN AFRICA 0 3 EMPLOYEES AND AGENTS 739140 SUB-SAHARAN AFRICA 0 0 GRANTMAKING 641873 0 7 0 0 0 7 1963619 0 1963619 SUB-SAHARAN AFRICA PROGRAM SERVICES 405981 WIRE TRANSFER SUB-SAHARAN AFRICA PROGRAM SERVICES 235891 WIRE TRANSFER 2 0 0 0 0 0 0 1 PART I, LINE 2: AFTER GDI DISTRIBUTES GRANTS, THEY REQUIRE GRANTEES TO PROVIDE FINANCIAL REPORTS AND 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. PART I, LINE 3: 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 MOITREYEE SINHA SECRETARY 144447 0 0 0 0 0 0 0 23054 0 167501 0 0 0 THOMAS CARROLL TREASURER 132293 0 0 0 0 0 0 0 24921 0 157214 0 0 0 ALICE GUGELEV DIRECTOR 161648 0 0 0 0 0 0 0 27480 0 189128 0 0 0 DAN ZOOK MANAGER 155414 0 0 0 0 0 0 0 26859 0 182273 0 0 0 JASON WENDLE DIRECTOR 148624 0 0 0 0 0 0 0 31980 0 180604 0 0 0 CRAIG COURTNEY MANAGER 137347 0 0 0 0 0 0 0 27265 0 164612 0 0 0 DARIN KINGSTON MANAGER 135616 0 0 0 0 0 0 0 20707 0 156323 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 END AIDS COALITION 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 OFFICER COMPENSATION, MEMBERS OF THE BOARD OF DIRECTORS USED A PROCESS THAT INCLUDED 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 PORTFOLIO SERVICES: PROGRAM SERVICE EXPENSES 455,928. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 455,928. PROGRAM CONSULTING: PROGRAM SERVICE EXPENSES 2,014,390. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,014,390. OTHER CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 219,630. MANAGEMENT AND GENERAL EXPENSES 57,131. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 276,761.