The Global Development Incubator INC

Tax-deductible

Washington, DC501(c)(3)Since 2005InternationalEIN 14-1945286

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Design and launch services for new social impact organizations and partnerships.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Run by 10 volunteers and 32 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $644K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.5M
to officers and key staff · 7% of spending
Top officer’s pay lower than 58% of similar orgs
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
18
named funders · $4.2M
Looks good: 18 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$5.6M
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$21.5M
+27% vs prior year
Spent
$21.6M
To programs
89%
Net assets
$11.0M
By yearFY2020–FY2024
Revenue
$21.5M
FY2024▲ +27%
Revenue by fiscal year
FY2020$13.1M
FY2021$12.2M
FY2022$19.7M
FY2023$17.0M
FY2024$21.5M
Expenses
$21.6M
FY2024▲ +16%
Expenses by fiscal year
FY2020$14.5M
FY2021$11.5M
FY2022$14.1M
FY2023$18.6M
FY2024$21.6M
Net assets
$11.0M
FY2024-0.3%
Net assets by fiscal year
FY2020$6.3M
FY2021$7.0M
FY2022$12.7M
FY2023$11.0M
FY2024$11.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $19.1M Management & general 11% · $2.4M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $1.5M paid to officers and key staff.

Part VII, Section A · reportable compensation
Director
$233,645Pt VII · Sec A
Secretary
$225,382Pt VII · Sec A
$218,063Pt VII · Sec A
$203,936Pt VII · Sec A
$201,389Pt VII · Sec A
Associate Director
$162,305Pt VII · Sec A
Associate Director
$158,185Pt VII · Sec A
Associate Director
$144,909Pt VII · Sec A

Jason Wendle’s $234K as Director is at the 42nd percentile of top reported officer pay among 345 $10–100M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jason Wendle$233,645$217,724$199,682$188,779$182,448
Chintan Maru$225,382$210,368$204,581$175,211—
Daniel Zook———$189,674$224,411
Moitreyee Sinha————$224,367
Andrew Stern$218,063$199,677$190,624$169,321$144,150
Craig Courtney———$207,750$215,000
Brian Milder——$206,530$195,552$187,263
Elizabeth Vanderwoude$203,936$188,265$166,600$151,604$140,708

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps new social impact groups and partnerships start and succeed.

Provided by the organization

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3 program services account for $16.5M of program spending, described in the organization's own filed words · FY2024.
01

Agricultural

(E.G. Aceli africa, csaf, isf advisors)gdi's agriculture portfolio brings together diverse players from across agriculture, finance, and climate, who otherwise may have never collaborated despite their shared goals.

$13.3Mprogram expense
02

Health

(E.G. Leapfrog to value, disability impact fund, health enabled)gdi's health portfolio focuses on moving from volume to value and cuts across issues ranging from mental health to community livelihoods, digital health systems, and everything in between.

$2.2Mprogram expense
03

Early Childhood Development

(E.G. Nurture first)gdi's early childhood development portfolio works to increase evidence-based ecd programs at scale, catalyze new funding through financing mechanisms, and work in collaboration with leaders from adjacent movements including gender equality and livelihoods attainment so that all young children have the foundational…

$921Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 18 funders →
Grants paid · 23 grants · $25.9M · 2020–2024
Aceli Africa INCDC · FY2024$12,731,616
Gdi-Solutions INCDC · FY2024$124,178
Aceli Africa INCDC · FY2023$7,988,757
Isf Advisors INCDC · FY2023$424,817
Colibri Catalyst INCDC · FY2023$286,573
Gdi-Solutions INCDC · FY2023$129,264
Citiesrise INCNY · FY2021$836,364
Acumen Fund INCNY · FY2021$114,788
The Health Initiative INCMA · FY2020$1,137,684
Aceli Africa INCDC · FY2020$763,266
Youth ForwardCA · FY2020$10,000
See all 23 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$21.5M
Ln 12
Gifts and grantsLn 1h$16.9M
Fees for servicesLn 2g$3.8M
Investment incomeLn 3$616K
Money outPt IX
$21.6M
Ln 25
Programscol B$19.1M
Managementcol C$2.4M
Owns and owesPt X
$11.0M
net assets · Ln 32
Cash and savingsLn 1–2$942K
Total assetsLn 16$16.6M
LiabilitiesLn 26$5.6M
PeoplePt VI, VII
15
listed · VII A
PaidVII A8
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$16.9M
Government grantsLn 1e$3.3M
Fees for servicesLn 2g$3.8M
Investment incomeLn 3$616K
Other incomeLn 4–11$169K
Total revenueLn 12$21.5M
Assets in detailPt X, end of year
CashLn 1$938K
SavingsLn 2$4K
Cash and savings togetherLn 1–2$942K
InvestmentsLn 11–13$14.3M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$546K
Total assetsLn 16$16.6M
LiabilitiesLn 26$5.6M
Net assetsLn 32$11.0M
OperationsPt I, VI
EmployeesI 532
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.5M$942K
InvestmentsLn 11–13$10.0M$14.3M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$17.1M$16.6M
LiabilitiesLn 26$6.1M$5.6M
Net assetsLn 32$11.0M$11.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$12.9M$12.9M
Grants and assistance to foreign recipientsLn 3$1.5M$1.5M
Pay of current officers, directors and key staffLn 5$726K$360K$365K
Other salaries and wagesLn 7$2.1M$1.4M$699K
Pension plan contributionsLn 8$141K$93K$48K
Other employee benefitsLn 9$726K$465K$261K
Payroll taxesLn 10$217K$137K$81K
Legal feesLn 11b$87K$63K$24K
Accounting feesLn 11c$122K$72K$50K
Other fees for servicesLn 11g$2.3M$1.7M$528K
Advertising and promotionLn 12$5K$3K$1K
Office expensesLn 13$115K$47K$68K
Information technologyLn 14$114K$35K$79K
OccupancyLn 16$33K$6K$27K
TravelLn 17$375K$255K$120K
InterestLn 20$52K$21K$31K
InsuranceLn 23$43K$43K
Total functional expensesLn 25$21.6M$19.1M$2.4M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $21.5M$21.6M−$35K$11.0M 990 PDF
FY2023 $17.0M$18.6M−$1.7M$11.0M 990 PDF
FY2022 $19.7M$14.1M$5.7M$12.7M 990 PDF
FY2021 $12.2M$11.5M$689K$7.0M 990 PDF
FY2020 $13.1M$14.5M−$1.4M$6.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $21,516,058 across 8 lines filed
VIII-1d Related organizations$5,772
VIII-1e Government grants$3,328,226
VIII-1f All other contributions, gifts and grants$13,551,465
VIII-1h Total contributions, gifts and grants$16,885,463
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,845,679$3,845,679
VIII-3 Investment incomeExcluded from tax $615,575$615,575
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $169,341$169,341
VIII-12 Total revenueRelated to mission $3,845,679 · Unrelated business $0 · Excluded from tax $784,916$21,516,058
Part IX · Statement of functional expenses $21,550,781 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $12,892,426$12,892,426
IX-3 Grants and assistance to foreign recipientsPrograms $1,527,050$1,527,050
IX-5 Pay of current officers, directors and key staffPrograms $360,475 · Management $365,310$725,785
IX-7 Other salaries and wagesPrograms $1,398,047 · Management $698,547$2,096,594
IX-8 Pension plan contributionsPrograms $93,140 · Management $48,183$141,323
IX-9 Other employee benefitsPrograms $465,250 · Management $261,016$726,266
IX-10 Payroll taxesPrograms $136,566 · Management $80,920$217,486
IX-11b Legal feesPrograms $62,942 · Management $23,936$86,878
IX-11c Accounting feesPrograms $71,513 · Management $50,168$121,681
IX-11g Other fees for servicesPrograms $1,749,794 · Management $528,134$2,277,928
IX-12 Advertising and promotionPrograms $3,143 · Management $1,478$4,621
IX-13 Office expensesPrograms $46,934 · Management $67,977$114,911
IX-14 Information technologyPrograms $35,089 · Management $79,096$114,185
IX-16 OccupancyPrograms $5,892 · Management $26,806$32,698
IX-17 TravelPrograms $255,158 · Management $120,224$375,382
IX-20 InterestPrograms $21,165 · Management $30,940$52,105
IX-23 InsuranceManagement $43,462$43,462
IX-25 Total functional expensesPrograms $19,124,584 · Management $2,426,197 · Fundraising $0$21,550,781
Part X · Balance sheet $16,590,151 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $1,458,649$937,784
X-2 Savings and temporary cash investmentsStart of year $3,826$3,877
X-3 Pledges and grants receivableStart of year $3,974,436$254,250
X-4 Accounts receivableStart of year $841,096$537,918
X-9 Prepaid expenses and deferred chargesStart of year $33,976$43,461
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $9,957,786$14,266,949
X-15 Other assetsStart of year $820,283$545,912
X-16 Total assetsStart of year $17,090,052$16,590,151
X-17 Accounts payable and accrued expensesStart of year $1,049,814$1,125,495
X-25 Other liabilitiesStart of year $4,619,119$4,459,339
X-26 Total liabilitiesStart of year $6,050,012$5,584,834
X-27 Net assets without donor restrictionsStart of year $8,465,864$8,628,129
X-28 Net assets with donor restrictionsStart of year $2,574,176$2,377,188
X-32 Total net assets or fund balancesStart of year $11,040,040$11,005,317
X-33 Total liabilities and net assetsStart of year $17,090,052$16,590,151
Part XI · Reconciliation of net assets $11,005,317 net assets at year end
XI-1 Total revenue$21,516,058
XI-2 Total expenses$21,550,781
XI-3 Revenue less expenses−$34,723
XI-4 Net assets at start of year$11,040,040
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$11,005,317

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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