Gsma Mobile for Development Foundation INC FY2021 filing

Tax-deductible

Atlanta, GA501(c)(3)Since 2007InternationalEIN 37-1552838Revenue $28.2M in FY2021

On file with the IRS3445 Peachtree Road Suite 910, 30326-3238 · Atlanta, GATax-exempt since May 2008Supporting org, Type I — 509(a)(3)

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The Foundation was created for the purpose of developing & engaging in projects that utilize Mobile communications to relieve the poor, distressed, and underprivileged.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$1.1M 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

FY2021 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $324K a year · 1% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.1M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2.3M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$9.5M
93% of total assets
Concern: liabilities are 93% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 11 voting members
Looks good: 8 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$28.2M
+8% vs prior year
Spent
$27.0M
To programs
85%
Net assets
$749K
By yearFY2020–FY2025
Revenue
$28.2M
FY2021▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$26.1M
FY2021$28.2M
FY2022$24.6M
FY2023$19.9M
FY2024$20.8M
FY2025$24.2M
Expenses
$27.0M
FY2021▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$26.5M
FY2021$27.0M
FY2022$24.4M
FY2023$19.8M
FY2024$20.3M
FY2025$23.8M
Net assets
$749K
FY2021▲ +157%
Tap a bar for its year
Net assets by fiscal year
FY2020$291K
FY2021$749K
FY2022$1.2M
FY2023$1.9M
FY2024$2.2M
FY2025$2.3M

From the FY2021 Form 990 (year ending March 2021) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2008.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $23.0M Management & general 14% · $3.7M Fundraising 1% · $301K

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

20 people listed on the 990; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President of Gsma Foundation
$235,568Pt VII · Sec A
Head of Ecosystem Accelerator
$194,852Pt VII · Sec A
Head of Connected Women
$168,030Pt VII · Sec A
Head of Mnutrition
$143,411Pt VII · Sec A
Head of Programme Delivery - a
$137,240Pt VII · Sec A
Market Engagement Director
$114,679Pt VII · Sec A
Senior Director, Connected Soc
$108,808Pt VII · Sec A
Board of Directors
$0Pt VII · Sec A

Max Cuvellier’s $393K as Head of Mobile for Development is at the 77th 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Max Cuvellier$393,305$264,610$270,733$207,296$194,852$173,753
Lawrence Yanovitch———$171,530$235,568$272,583
Claire Sibthorpe$241,681$222,895$189,288$164,168$168,030$188,053
Lorena Ferro$222,941$187,231————
Philippe Bellordre$215,146$212,228$183,146$143,960$137,240$170,516
Ashley Olson Onyango$213,969$209,145$173,743———
Kimberly Brown$213,816$210,114$178,434$154,755——
Akanksha Sharma$208,572—————

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Uses mobile technology to help the poor and distressed.

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Provided by the organization

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3 programs · $11.0M · in their own filed words · FY2020
01

Mobile for Humanitarian's mission is to accelerate the delivery and impact of digital humanitarian assistance: We aim to reach 7 million people with improved access to and use of life-enhancing mobile-enabled services during humanitarian and disaster preparedness, response and recovery by 2021.

$5.5Mprogram expense
02

Ecosystem Accelerator

Our mission is to build synergies between start-ups and mobile operators, with the aim to scale innovative and sustainable mobile services in emerging markets. Despite an increasing number of mobile products and services in emerging markets, reaching scale is still a challenge for most.

$2.9Mprogram expense
03

Mobile Money Programme

Accelerating the mobile money ecosystem for the underserved Our mission is to support our members and industry stakeholders to increase the utility and sustainability of mobile money services and increase financial inclusion. Two billion people remain unbanked, without access to safe, secure and affordable financial services.

$2.7Mprogram 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
Total grants receivedfrom 1 funder$2.3M
Grants paid · 19 grants · $2.2M · 2019–2022
Omnivis INCFY2022$36,471
Omnivis INCFY2021$199,169
Earthspark International CorpDC · FY2021$161,139
American Refugee CommitteeMN · FY2021$54,135
Sesame WorkshopNY · FY2020$337,158
Omnivis INCFY2020$178,517
Earthspark International CorpDC · FY2020$150,581
American Refugee CommitteeMN · FY2020$142,484
Mobile Accord INC (ta Geopoll)FY2020$111,416
Safe Water NetworkNY · FY2020$65,674
Wist INCFY2020$64,487
Matontine INCFY2019$155,476
Safe Water NetworkNY · FY2019$139,972
American Refugee CommitteeMN · FY2019$90,950
Mobile Accord INC (ta Geopoll)FY2019$90,664
Wist INCFY2019$72,780
Sesame WorkshopNY · FY2019$63,488
See all 19 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$28.2M
Ln 12
Gifts and grantsLn 1h$27.3M
Other incomeLn 4–11$845K
Investment incomeLn 3$711
Money outPt IX
$27.0M
Ln 25
Programscol B$23.0M
Managementcol C$3.7M
Fundraisingcol D$301K
Owns and owesPt X
$749K
net assets · Ln 32
Cash and savingsLn 1–2$10.2M
Total assetsLn 16$10.3M
LiabilitiesLn 26$9.5M
PeoplePt VI, VII
20
listed · VII A
PaidVII A7
Voting boardVI 1a11
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$27.3M
Government grantsLn 1e$21.1M
Investment incomeLn 3$711
Other incomeLn 4–11$845K
Gains on assetsLn 7$0
Total revenueLn 12$28.2M
Assets in detailPt X, end of year
CashLn 1$10.2M
SavingsLn 2$0
Cash and savings togetherLn 1–2$10.2M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$10.3M
LiabilitiesLn 26$9.5M
Net assetsLn 32$749K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$11.7M$10.2M
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$11.8M$10.3M
LiabilitiesLn 26$11.5M$9.5M
Net assetsLn 32$291K$749K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.1M$1.1M
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$3.2M$3.2M
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$622K$622K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$7.5M$6.7M$682K$68K
Pension plan contributionsLn 8$430K$395K$35K
Other employee benefitsLn 9$0
Payroll taxesLn 10$750K$688K$62K
Management feesLn 11a$0
Legal feesLn 11b$169K$169K
Accounting feesLn 11c$69K$69K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$12.0M$9.2M$2.6M$231K
Advertising and promotionLn 12$959K$959K
Office expensesLn 13$9K$6K$2K
Information technologyLn 14$34K$34K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$149K$149K$75
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$88K$88K
Total functional expensesLn 25$27.0M$23.0M$3.7M$301K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $24.2M$23.8M$366K$2.3M 990 PDF
FY2024 $20.8M$20.3M$493K$2.2M 990 PDF
FY2023 $19.9M$19.8M$93K$1.9M 990 PDF
FY2022 $24.6M$24.4M$202K$1.2M 990 PDF
FY2021 Viewing $28.2M$27.0M$1.2M$749K 990 PDF
FY2020 $26.1M$26.5M−$385K$291K 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 FY2021 990 (6 parts)
Part I · Summary $28,167,017 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $25,997,646$27,321,567
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $67,991$711
I-11 Other revenuePrior year $0$844,739
I-12 Total revenuePrior year $26,065,637$28,167,017
I-13 Grants and similar amounts paidPrior year $6,843,106$4,228,823
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $7,157,741$9,300,349
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $12,450,204$13,460,608
I-18 Total expensesPrior year $26,451,051$26,989,780
I-19 Revenue less expensesPrior year −$385,414$1,177,237
Part VI · Governance 8 of 11 board members independent, 2 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $28,167,017 across 11 lines filed
VIII-1d Related organizations$2,689,745
VIII-1e Government grants$21,145,140
VIII-1f All other contributions, gifts and grants$3,486,682
VIII-1h Total contributions, gifts and grants$27,321,567
VIII-3 Investment incomeExcluded from tax $711$711
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $844,739$844,739
VIII-12 Total revenueExcluded from tax $845,450$28,167,017
Part IX · Statement of functional expenses $26,989,780 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $1,050,317$1,050,317
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipientsPrograms $3,178,506$3,178,506
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $622,121$622,121
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $6,748,139 · Management $681,663 · Fundraising $67,987$7,497,789
IX-8 Pension plan contributionsPrograms $395,080 · Management $34,919$429,999
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $688,009 · Management $62,431$750,440
IX-11a Management fees$0
IX-11b Legal feesManagement $169,249$169,249
IX-11c Accounting feesManagement $68,825$68,825
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $9,181,735 · Management $2,571,759 · Fundraising $230,597$11,984,091
IX-12 Advertising and promotionPrograms $958,581$958,581
IX-13 Office expensesPrograms $6,171 · Fundraising $2,374$8,545
IX-14 Information technologyPrograms $34,395$34,395
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $148,995 · Fundraising $75$149,070
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Management $87,852$87,852
IX-25 Total functional expensesPrograms $23,012,049 · Management $3,676,698 · Fundraising $301,033$26,989,780
Part X · Balance sheet $10,297,416 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $11,743,781$10,236,099
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $28,421$61,317
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $11,772,202$10,297,416
X-17 Accounts payable and accrued expensesStart of year $6,214,536$4,220,996
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $5,266,179$5,327,668
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $11,480,715$9,548,664
X-27 Net assets without donor restrictionsStart of year $291,487$748,752
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $291,487$748,752
X-33 Total liabilities and net assetsStart of year $11,772,202$10,297,416
Part XI · Reconciliation of net assets $748,752 net assets at year end
XI-1 Total revenue$28,167,017
XI-2 Total expenses$26,989,780
XI-3 Revenue less expenses$1,177,237
XI-4 Net assets at start of year$291,487
XI-9 Other changes in net assets−$719,972
XI-10 Net assets at end of year$748,752

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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