Global Partnerships

Tax-deductible

Seattle, WA501(c)(3)Since 2002Mental HealthEIN 82-0574491

Global partnerships is an impact-first investment fund manager whose charitable mission is to expand opportunity for people living in poverty in developing countries around the world.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Run by 17 volunteers and 26 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
5 of 5
filings with a surplus
Average surplus $2.6M a year · 19% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.9M
to officers and key staff · 14% of spending
Top officer’s pay higher than 72% of similar orgs
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
49 mo
of spending, in cash
Looks good: 49.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $1.4M
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$217.0M
89% of total assets
Concern: liabilities are 89% of assets; over 80%.
Pt X · Ln 26
Independent board members
10
of 15 voting members
Looks good: 10 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$16.1M
+1% vs prior year
Spent
$13.8M
To programs
91%
Net assets
$28.1M
By yearFY2020–FY2024
Revenue
$16.1M
FY2024▲ +1%
Revenue by fiscal year
FY2020$11.9M
FY2021$11.2M
FY2022$15.1M
FY2023$15.6M
FY2024$15.9M
FY2024$16.1M
Expenses
$13.8M
FY2024▲ +30%
Expenses by fiscal year
FY2020$10.5M
FY2021$10.9M
FY2022$13.2M
FY2023$11.2M
FY2024$10.6M
FY2024$13.8M
Net assets
$28.1M
FY2024▲ +7%
Net assets by fiscal year
FY2020$18.4M
FY2021$18.4M
FY2022$19.2M
FY2023$19.8M
FY2024$26.2M
FY2024$28.1M

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

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2003.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $12.5M Management & general 7% · $926K Fundraising 3% · $360K

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

Who runs it and what they're paid

24 people listed on the 990; $1.9M paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO Thru 06/24
$333,167Pt VII · Sec A
COO & General Counsel
$222,466Pt VII · Sec A
Chief Investment Officer
$204,971Pt VII · Sec A
Chief Capital and Impact Officer
$204,592Pt VII · Sec A
Chief Lending Officer
$195,333Pt VII · Sec A
Managing Director
$186,088Pt VII · Sec A
$182,372Pt VII · Sec A
President
$181,741Pt VII · Sec A

Rick Beckett’s $333K as CEO Thru 06/24 is at the 72nd percentile of top reported officer pay among 746 $10–100M mental health 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Rick Beckett$333,167$413,183$408,072$399,619$377,858$358,107
Mark Coffey$181,741$178,490$261,004$252,002$241,002$230,036
Megan Muir$222,466$223,389$209,000$192,979$184,984$172,785
Nathalia Rodriguez$204,971$166,662$157,841$149,101$144,795$136,699
Tara Murphy Forde$204,592$190,493$169,609$149,973$140,969$136,355
Curt Fraser$195,333$194,285————
Jim Villanueva$186,088$190,661————
Jim Villenueva——$184,853$173,917$165,033$161,898

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 Global Partnerships 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
  • Loans to or from officersSch L · Pt II11 listed

Programs and updates

Expands opportunity for people living in poverty worldwide.

Provided by the organization

This section is blank until Global Partnerships claims this page.

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1 program service account for $12.5M of program spending, described in the organization's own filed words · FY2024.
01

As of june 30, 2025, global partnerships (GP), almost entirely through its subsidiary funds, had more than $182 million invested in 86 microfinance institutions, social businesses and cooperatives in 29 countries in latin america, the caribbean and subsaharan africa.

$12.5Mprogram 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 · funders on record
Grants received · FY2024
See all 7 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$16.1M
Ln 12
Fees for servicesLn 2g$12.0M
Investment incomeLn 3$2.3M
Gifts and grantsLn 1h$1.7M
Money outPt IX
$13.8M
Ln 25
Programscol B$12.5M
Managementcol C$926K
Fundraisingcol D$360K
Owns and owesPt X
$28.1M
net assets · Ln 32
Cash and savingsLn 1–2$56.6M
Total assetsLn 16$245.1M
LiabilitiesLn 26$217.0M
PeoplePt VI, VII
24
listed · VII A
PaidVII A9
Voting boardVI 1a15
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Noncash giftsLn 1g$214K
Fees for servicesLn 2g$12.0M
Investment incomeLn 3$2.3M
Other incomeLn 4–11$182
Gains on assetsLn 7−$926
Total revenueLn 12$16.1M
Assets in detailPt X, end of year
CashLn 1$41K
SavingsLn 2$56.5M
Cash and savings togetherLn 1–2$56.6M
InvestmentsLn 11–13$182.3M
Land, buildings, equipmentLn 10c$161K
Other assetsLn 15$5.8M
Total assetsLn 16$245.1M
LiabilitiesLn 26$217.0M
Net assetsLn 32$28.1M
OperationsPt I, VI
EmployeesI 526
VolunteersI 617
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$47.6M$56.6M
InvestmentsLn 11–13$169.4M$182.3M
Land, buildings, equipmentLn 10c$188K$161K
Total assetsLn 16$224.1M$245.1M
LiabilitiesLn 26$197.9M$217.0M
Net assetsLn 32$26.2M$28.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$969K$564K$299K$105K
Other salaries and wagesLn 7$2.7M$2.3M$247K$141K
Pension plan contributionsLn 8$203K$169K$18K$16K
Other employee benefitsLn 9$498K$423K$53K$22K
Payroll taxesLn 10$436K$383K$37K$17K
Legal feesLn 11b$137K$124K$12K$137
Accounting feesLn 11c$101K$51K$51K
Other fees for servicesLn 11g$955K$955K
Advertising and promotionLn 12$12K$6K$1K$4K
Office expensesLn 13$47K$40K$5K$2K
Information technologyLn 14$312K$234K$55K$23K
OccupancyLn 16$317K$257K$43K$18K
TravelLn 17$246K$220K$22K$4K
Conferences, conventions and meetingsLn 19$64K$61K$2K$1K
InterestLn 20$4.6M$4.6M
Depreciation, depletion and amortizationLn 22$45K$35K$7K$2K
InsuranceLn 23$67K$27K$39K$349
Other expenses (24a–d)Ln 24$2.0M$2.0M$5K$203
All other expensesLn 24e$112K$79K$30K$4K
Total functional expensesLn 25$13.8M$12.5M$926K$360K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $15.9M$10.6M$5.2M$26.2M 990 PDF
FY2023 $15.6M$11.2M$4.4M$19.8M 990 PDF
FY2022 $15.1M$13.2M$1.9M$19.2M 990 PDF
FY2021 $11.2M$10.9M$285K$18.4M 990 PDF
FY2020 $11.9M$10.5M$1.3M$18.4M 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 $16,058,818 across 8 lines filed
VIII-1f All other contributions, gifts and grants$1,739,371
VIII-1g Noncash contributions (included above)$213,788
VIII-1h Total contributions, gifts and grants$1,739,371
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,036,974$12,036,974
VIII-3 Investment incomeExcluded from tax $2,283,217$2,283,217
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$926−$926
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $182$182
VIII-12 Total revenueRelated to mission $12,036,974 · Unrelated business $0 · Excluded from tax $2,282,473$16,058,818
Part IX · Statement of functional expenses $13,779,684 across 19 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $564,370 · Management $299,081 · Fundraising $105,298$968,749
IX-7 Other salaries and wagesPrograms $2,298,518 · Management $246,544 · Fundraising $141,248$2,686,310
IX-8 Pension plan contributionsPrograms $169,394 · Management $17,919 · Fundraising $15,583$202,896
IX-9 Other employee benefitsPrograms $422,856 · Management $52,867 · Fundraising $22,430$498,153
IX-10 Payroll taxesPrograms $382,996 · Management $36,745 · Fundraising $16,663$436,404
IX-11b Legal feesPrograms $124,382 · Management $12,310 · Fundraising $137$136,829
IX-11c Accounting feesPrograms $50,720 · Management $50,720$101,440
IX-11g Other fees for servicesPrograms $954,861$954,861
IX-12 Advertising and promotionPrograms $6,220 · Management $1,455 · Fundraising $4,291$11,966
IX-13 Office expensesPrograms $39,774 · Management $5,244 · Fundraising $2,103$47,121
IX-14 Information technologyPrograms $233,735 · Management $55,162 · Fundraising $22,645$311,542
IX-16 OccupancyPrograms $256,662 · Management $42,541 · Fundraising $18,220$317,423
IX-17 TravelPrograms $220,147 · Management $22,361 · Fundraising $3,581$246,089
IX-19 Conferences, conventions and meetingsPrograms $60,805 · Management $1,798 · Fundraising $1,270$63,873
IX-20 InterestPrograms $4,554,373$4,554,373
IX-22 Depreciation, depletion and amortizationPrograms $35,310 · Management $7,208 · Fundraising $2,487$45,005
IX-23 InsurancePrograms $27,284 · Management $39,150 · Fundraising $349$66,783
IX-24 Other expenses (24a–d)Programs $2,012,709 · Management $4,902 · Fundraising $203$2,017,814
IX-24e All other expensesPrograms $78,980 · Management $29,556 · Fundraising $3,517$112,053
IX-25 Total functional expensesPrograms $12,494,096 · Management $925,563 · Fundraising $360,025$13,779,684
Part X · Balance sheet $245,145,553 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $124,602$41,324
X-2 Savings and temporary cash investmentsStart of year $47,484,321$56,532,857
X-3 Pledges and grants receivableStart of year $330,337$194,154
X-9 Prepaid expenses and deferred chargesStart of year $66,827$98,846
X-10c Land, buildings and equipment, netStart of year $188,413$160,645
X-13 Program-related investmentsStart of year $169,355,353$182,274,095
X-15 Other assetsStart of year $6,557,042$5,843,632
X-16 Total assetsStart of year $224,106,895$245,145,553
X-17 Accounts payable and accrued expensesStart of year $1,305,889$948,092
X-24 Unsecured notes and loans payableStart of year $185,621,516$200,748,967
X-25 Other liabilitiesStart of year $10,206,201$14,215,021
X-26 Total liabilitiesStart of year $197,883,606$217,012,080
X-27 Net assets without donor restrictionsStart of year $24,445,164$26,706,309
X-28 Net assets with donor restrictionsStart of year $1,778,125$1,427,164
X-32 Total net assets or fund balancesStart of year $26,223,289$28,133,473
X-33 Total liabilities and net assetsStart of year $224,106,895$245,145,553
Part XI · Reconciliation of net assets $28,133,473 net assets at year end
XI-1 Total revenue$16,058,818
XI-2 Total expenses$13,779,684
XI-3 Revenue less expenses$2,279,134
XI-4 Net assets at start of year$26,223,289
XI-5 Net unrealized gains (losses) on investments$553,425
XI-9 Other changes in net assets−$922,375
XI-10 Net assets at end of year$28,133,473

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

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