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.
$1.5M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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 · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 6.1 months of spending in cash; 3 or more.
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
$6.6M
51% of total assets
Fine: liabilities are 51% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$13.1M
Spent
$14.5M
To programs
89%
Net assets
$6.3M
By yearFY2020–FY2024
Revenue
$13.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$13.1M
FY2021$12.2M
FY2022$19.7M
FY2023$17.0M
FY2024$21.5M
Expenses
$14.5M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$14.5M
FY2021$11.5M
FY2022$14.1M
FY2023$18.6M
FY2024$21.6M
Net assets
$6.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$6.3M
FY2021$7.0M
FY2022$12.7M
FY2023$11.0M
FY2024$11.0M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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% · $12.9M Management & general 11% · $1.7M

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

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

Part VII, Section A · reportable compensation
Director
$224,411Pt VII · Sec A
$224,367Pt VII · Sec A
$215,000Pt VII · Sec A
Director
$187,263Pt VII · Sec A
Director
$182,448Pt VII · Sec A
$173,692Pt VII · Sec A
$144,150Pt VII · Sec A
Financial Director
$140,708Pt 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.

See The Global Development Incubator INC executive salaries →

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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.

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3 programs · $12.9M · in their own filed words · FY2020
01

Health

(E.G. Idsi, leapfrog to value, health enabled, thi, mental health, gdhi, 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.

$5.0Mprogram expense
02

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…

$4.9Mprogram expense
03

Marginalized Populations

(E.G. Wowe, gfems, refugee investment network)gdi's marginalized populations focus area works to advance livelihoods, leadership, and youth development across sectors and regions. Gdi supports the global fund to end modern slavery in strategic programs to ensure efficient learning, adaptation, knowledge sharing and forward planning…

$2.9Mprogram expense

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 FY2020 990, line by line.

1The main four
Money inPt VIII
$13.1M
Ln 12
Gifts and grantsLn 1h$10.1M
Fees for servicesLn 2g$2.9M
Other incomeLn 4–11$44K
Money outPt IX
$14.5M
Ln 25
Programscol B$12.9M
Managementcol C$1.7M
Owns and owesPt X
$6.3M
net assets · Ln 32
Cash and savingsLn 1–2$7.4M
Total assetsLn 16$12.9M
LiabilitiesLn 26$6.6M
PeoplePt VI, VII
13
listed · VII A
PaidVII A8
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10.1M
Government grantsLn 1e$3.1M
Fees for servicesLn 2g$2.9M
Investment incomeLn 3$3K
Other incomeLn 4–11$44K
Total revenueLn 12$13.1M
Assets in detailPt X, end of year
CashLn 1$133K
SavingsLn 2$7.3M
Cash and savings togetherLn 1–2$7.4M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$787K
Total assetsLn 16$12.9M
LiabilitiesLn 26$6.6M
Net assetsLn 32$6.3M
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 FY20End FY20
Cash and savingsLn 1–2$5.0M$7.4M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$11.7M$12.9M
LiabilitiesLn 26$3.5M$6.6M
Net assetsLn 32$8.3M$6.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.0M$2.0M
Grants and assistance to foreign recipientsLn 3$3.0M$3.0M
Other salaries and wagesLn 7$3.6M$2.9M$645K
Pension plan contributionsLn 8$184K$151K$33K
Other employee benefitsLn 9$829K$680K$149K
Payroll taxesLn 10$271K$222K$49K
Management feesLn 11a$3.7M$3.6M$163K
Legal feesLn 11b$136K$73K$63K
Accounting feesLn 11c$143K$7K$137K
Other fees for servicesLn 11g$6K$6K$718
Advertising and promotionLn 12$20K$16K$4K
Office expensesLn 13$83K$42K$42K
Information technologyLn 14$55K$11K$44K
OccupancyLn 16$257K$257K
TravelLn 17$99K$92K$7K
Conferences, conventions and meetingsLn 19$30K$28K$2K
InterestLn 20$12K$240$12K
InsuranceLn 23$19K$19K
Other expenses (24a–d)Ln 24$33K$33K
Total functional expensesLn 25$14.5M$12.9M$1.7M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $13.1M$14.5M−$1.4M$6.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $13,078,400 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,124,879$10,111,208
I-9 Program service revenuePrior year $4,712,040$2,920,346
I-10 Investment incomePrior year $16,867$2,599
I-11 Other revenuePrior year $143,310$44,247
I-12 Total revenuePrior year $13,997,096$13,078,400
I-13 Grants and similar amounts paidPrior year $2,554,397$5,019,630
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,750,173$4,874,213
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $7,902,719$4,625,080
I-18 Total expensesPrior year $15,207,289$14,518,923
I-19 Revenue less expensesPrior year −$1,210,193−$1,440,523
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $13,078,400 across 7 lines filed
VIII-1e Government grants$3,136,302
VIII-1f All other contributions, gifts and grants$6,974,906
VIII-1h Total contributions, gifts and grants$10,111,208
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,920,346$2,920,346
VIII-3 Investment incomeExcluded from tax $2,599$2,599
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $44,247$44,247
VIII-12 Total revenueRelated to mission $2,920,346 · Unrelated business $0 · Excluded from tax $46,846$13,078,400
Part IX · Statement of functional expenses $14,518,923 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $2,030,729$2,030,729
IX-3 Grants and assistance to foreign recipientsPrograms $2,988,901$2,988,901
IX-7 Other salaries and wagesPrograms $2,945,753 · Management $644,825$3,590,578
IX-8 Pension plan contributionsPrograms $150,704 · Management $32,989$183,693
IX-9 Other employee benefitsPrograms $680,322 · Management $148,922$829,244
IX-10 Payroll taxesPrograms $222,084 · Management $48,614$270,698
IX-11a Management feesPrograms $3,568,787 · Management $162,531$3,731,318
IX-11b Legal feesPrograms $73,450 · Management $63,005$136,455
IX-11c Accounting feesPrograms $6,750 · Management $136,604$143,354
IX-11g Other fees for servicesPrograms $5,584 · Management $718$6,302
IX-12 Advertising and promotionPrograms $15,694 · Management $3,851$19,545
IX-13 Office expensesPrograms $41,717 · Management $41,538$83,255
IX-14 Information technologyPrograms $11,257 · Management $43,522$54,779
IX-16 OccupancyManagement $256,955$256,955
IX-17 TravelPrograms $92,300 · Management $6,914$99,214
IX-19 Conferences, conventions and meetingsPrograms $28,343 · Management $1,579$29,922
IX-20 InterestPrograms $240 · Management $11,593$11,833
IX-23 InsuranceManagement $18,807$18,807
IX-24 Other expenses (24a–d)Management $33,341$33,341
IX-25 Total functional expensesPrograms $12,862,615 · Management $1,656,308 · Fundraising $0$14,518,923
Part X · Balance sheet $12,937,597 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $745,045$133,477
X-2 Savings and temporary cash investmentsStart of year $4,206,410$7,262,659
X-3 Pledges and grants receivableStart of year $5,861,369$4,257,885
X-4 Accounts receivableStart of year $642,385$472,441
X-9 Prepaid expenses and deferred chargesStart of year $4,175$24,625
X-10c Land, buildings and equipment, netStart of year $0$0
X-15 Other assetsStart of year $277,816$786,510
X-16 Total assetsStart of year $11,737,200$12,937,597
X-17 Accounts payable and accrued expensesStart of year $715,494$640,914
X-18 Grants payableStart of year $223,344$81,432
X-19 Deferred revenueStart of year $125,000$3,007,029
X-26 Total liabilitiesStart of year $3,451,432$6,592,352
X-27 Net assets without donor restrictionsStart of year $1,813,844−$126,676
X-28 Net assets with donor restrictionsStart of year $6,471,924$6,471,921
X-32 Total net assets or fund balancesStart of year $8,285,768$6,345,245
X-33 Total liabilities and net assetsStart of year $11,737,200$12,937,597
Part XI · Reconciliation of net assets $6,345,245 net assets at year end
XI-1 Total revenue$13,078,400
XI-2 Total expenses$14,518,923
XI-3 Revenue less expenses−$1,440,523
XI-4 Net assets at start of year$8,285,768
XI-9 Other changes in net assets−$500,000
XI-10 Net assets at end of year$6,345,245

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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