Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2004.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
21 people listed on the 990; $1.3M paid to officers and key staff.
Catherine H Ambrose’s $302K as President and CEO is at the 86th percentile of top reported officer pay among 2832 $1–10M community development 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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Catherine H Ambrose | $302,000 | $302,000 | $346,000 | $287,508 | $272,500 | $273,500 |
| Eduardo Roman | $210,000 | $204,583 | — | — | — | — |
| Holly Radel | — | — | $124,571 | $184,500 | $156,641 | $200,500 |
| Julie Ruvolo | — | — | — | $197,300 | $167,300 | $180,800 |
| Senna Bayasgalan Managing | — | $195,362 | — | — | — | — |
| Vicki Jacobson | $185,222 | — | — | — | — | — |
| Julie Ruvolo Director | — | — | $180,463 | — | — | — |
| Caitlin Mitchell | — | — | — | — | — | $179,000 |
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 15aNo
Programs and updates
Helps investors succeed in developing economies.
Questions for Global Private Capital Association
Your first name shows with your question. Global Private Capital Association answers here, for everyone.
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Research
Gpca produces written and electronic research on emerging markets private equity, including data-driven research fueled by gpca's proprietary industry database ("fundlink"), analytical content based on gpca research staff knowledge and insight, and most of all through interviews and direct engagement with members in the selection of…
Membership
As a membership-based industry association, gpca convenes events, develops, publishes and distributes research and other content, and engages in educational activities on behalf of its members, and occasionally more broadly to the industry at large.
Conferences
Gpca implemented an immersion program, which provides a networking medium for members to connect with international investors during multi-day, multi-city initiatives held in various international locations.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.4M | $957K |
| Land, buildings, equipmentLn 10c | $8K | $5K |
| Total assetsLn 16 | $2.1M | $1.6M |
| LiabilitiesLn 26 | $2.5M | $1.9M |
| Net assetsLn 32 | −$372K | −$345K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $500K | |||
| Other salaries and wagesLn 7 | $2.2M | |||
| Pension plan contributionsLn 8 | $38K | |||
| Other employee benefitsLn 9 | $256K | |||
| Payroll taxesLn 10 | $173K | |||
| Legal feesLn 11b | $10K | |||
| Accounting feesLn 11c | $30K | |||
| Other fees for servicesLn 11g | $272K | |||
| Advertising and promotionLn 12 | $78K | |||
| Office expensesLn 13 | $84K | |||
| Information technologyLn 14 | $153K | |||
| OccupancyLn 16 | $237K | |||
| TravelLn 17 | $95K | |||
| Conferences, conventions and meetingsLn 19 | $1.2M | |||
| Depreciation, depletion and amortizationLn 22 | $6K | |||
| InsuranceLn 23 | $14K | |||
| Other expenses (24a–d)Ln 24 | $90K | |||
| Total functional expensesLn 25 | $5.4M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $5.4M | $5.4M | $22K | −$345K | 990 PDF |
| FY2024 | $5.8M | $6.1M | −$297K | −$372K | 990 PDF |
| FY2023 | $5.9M | $6.3M | −$381K | $765K | 990 PDF |
| FY2022 | $5.8M | $5.7M | $48K | $1.2M | 990 PDF |
| FY2021 | $4.6M | $4.7M | −$127K | $1.1M | 990 PDF |
| FY2020 | $3.9M | $4.1M | −$251K | $1.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $5,385,887 revenue, 12 lines filed
Part VI · Governance 14 of 15 board members independent, 2 to look at
Part VIII · Statement of revenue $5,385,887 across 7 lines filed
Part IX · Statement of functional expenses $5,363,600 across 17 lines filed
Part X · Balance sheet $1,600,084 assets, 15 lines filed
Part XI · Reconciliation of net assets −$345,282 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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