Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2020.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
97 cents of each dollar spent went to programs.
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
16 people listed on the 990; $3.2M paid to officers and key staff.
Joseph Karanja Nganga’s $508K as Interim CEO of Geapp (thru 10/24) is at the 53rd percentile of top reported officer pay among 129 $100M+ philanthropy & grantmaking 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 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|
| Simon Harford | — | $1,472,662 | $322,787 |
| Joseph Karanja Nganga | $508,022 | $436,620 | — |
| Kitty Bu | $477,092 | — | — |
| Stephen Sidebottom | $401,197 | $458,746 | $272,644 |
| Stefana Fairholme | $411,777 | $361,381 | $104,617 |
| Peter Colavito | $393,444 | — | — |
| Sundaa Bridgett-Jones | $365,335 | $359,317 | $71,925 |
| Elizabeth Small | $335,999 | — | — |
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
Funds and supports global initiatives to improve human well-being, health, and economic opportunity through strategic philanthropic investments and partnerships.
Questions for Rf Catalytic Capital INC
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $113.7M | $124.6M |
| InvestmentsLn 11–13 | $98.6M | $75.1M |
| Land, buildings, equipmentLn 10c | $2.8M | $3.1M |
| Total assetsLn 16 | $284.3M | $268.6M |
| LiabilitiesLn 26 | $105.7M | $88.6M |
| Net assetsLn 32 | $178.6M | $180.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $99.7M | $99.7M | ||
| Grants and assistance to foreign recipientsLn 3 | $18.0M | $18.0M | ||
| Pay of current officers, directors and key staffLn 5 | $1.6M | $1.6M | ||
| Other salaries and wagesLn 7 | $21.3M | $19.7M | $1.6M | |
| Pension plan contributionsLn 8 | $1.6M | $1.6M | ||
| Other employee benefitsLn 9 | $942K | $942K | ||
| Payroll taxesLn 10 | $2.4M | $2.4M | ||
| Legal feesLn 11b | $2.2M | $1.7M | $434K | |
| Accounting feesLn 11c | $558K | $558K | ||
| Lobbying feesLn 11d | $312K | $312K | ||
| Professional fundraising feesLn 11e | $501K | $501K | ||
| Investment management feesLn 11f | $2.2M | $2.2M | ||
| Other fees for servicesLn 11g | $15.5M | $15.0M | $368K | $183K |
| Advertising and promotionLn 12 | $342K | $342K | ||
| Office expensesLn 13 | $356K | $226K | $130K | |
| Information technologyLn 14 | $1.8M | $1.5M | $288K | |
| OccupancyLn 16 | $4.8M | $4.8M | ||
| TravelLn 17 | $2.3M | $2.3M | $2K | $49K |
| Conferences, conventions and meetingsLn 19 | $179K | $179K | ||
| Depreciation, depletion and amortizationLn 22 | $620K | $620K | ||
| InsuranceLn 23 | $746K | $746K | ||
| Other expenses (24a–d)Ln 24 | $315K | $315K | ||
| Total functional expensesLn 25 | $178.3M | $172.5M | $3.4M | $2.3M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $167.6M | $178.3M | −$10.6M | $180.0M | 990 PDF |
| FY2023 | $289.0M | $192.6M | $96.5M | $178.6M | 990 PDF |
| FY2022 | $78.6M | $223.6M | −$145.1M | $81.1M | 990 PDF |
| FY2021 | $246.3M | $13.5M | $232.8M | $239.5M | 990 PDF |
| FY2020 | $6.8M | $0 | $6.8M | $6.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $167,640,233 revenue, 12 lines filed
Part VI · Governance 2 of 5 board members independent, 1 to look at
Part VIII · Statement of revenue $167,640,233 across 8 lines filed
Part IX · Statement of functional expenses $178,269,283 across 22 lines filed
Part X · Balance sheet $268,620,483 assets, 17 lines filed
Part XI · Reconciliation of net assets $180,036,890 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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