The Global Development Incubator Inc is located in Washington, DC. The organization was established in 2007. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, Global Development Incubator Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Development Incubator Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Global Development Incubator Inc generated $17.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $18.6m during the year ending 12/2023. While expenses have increased by 16.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Global Development Incubator Inc has awarded 26 individual grants totaling $19,590,848. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DESIGN AND LAUNCH SERVICES FOR NEW SOCIAL IMPACT ORGANIZATIONS AND PARTNERSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
I: 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. ISF ADVISORS PUBLISHES INDUSTRY LEADING RESEARCH ALONGSIDE FINANCIAL AND STRATEGIC ADVISORY WORK TO MOBILIZE CAPITAL TOWARDS A MORE SUSTAINABLE, EQUITABLE, AND PRODUCTIVE GLOBAL FOOD SYSTEM. ACELI AFRICA IS A FIRST OF ITS KIND MARKET INCENTIVE FACILITY ALIGNING CAPITAL SUPPLY AND DEMAND TO MOBILIZE $1.5 BILLION IN PRIVATE SECTOR LENDING TO SMALL AND MEDIUM ENTERPRISES IN THE AFRICAN AGRICULTURE SECTOR BY 2030. CSAF IS THE LEADING GLOBAL NETWORK OF LENDING PRACTITIONERS PROMOTING AN INCLUSIVE FINANCE MARKET FOR AGRICULTURAL SMES. THROUGH THESE INITIATIVES AND OTHER RELATED EFFORTS IN THE AGRICULTURE FINANCE PORTFOLIO, GDI BRINGS TOGETHER DIVERSE PLAYERS FROM ACROSS AGRICULTURE, FINANCE, AND CLIMATE, WHO OTHERWISE MAY HAVE NEVER COLLABORATED DESPITE THEIR SHARED GOALS.
II. A. CLIMATE AND ECOSYSTEMS (RESILIENT WATER ACCELERATOR, COLIBRI CATALYST, CIRCULARITY PLATFORM) AND OTHER VENTURES (JOBS & LIVELIHOODS, FINANCING IMPACT)GDI'S CLIMATE AND ECOSYSTEMS PORTFOLIO IS TAKING A SYSTEMIC APPROACH TO CLIMATE ACTION BY SUPPORTING BOTH CLIMATE ADAPTATION AND MITIGATION EFFORTS, WITH A FOCUS ON ASIA AND AFRICA. GDI IS CURRENTLY INCUBATING THE RESILIENT WATER ACCELERATOR TO MOBILIZE PUBLIC-PRIVATE CAPITAL TO IMPLEMENT WATER PROJECTS THAT HELP THE MOST CLIMATE-VULNERABLE COMMUNITIES BUILD RESILIENCE. COLIBRI IS A BLENDED FINANCE FACILITY FOCUSED ON CATALYZING NATURE-BASED CLIMATE SOLUTIONS AND AIMING TO DEMONSTRATE HOW THEY CAN DRIVE FINANCIAL RETURNS. PARTNERING WITH THE IKEA FOUNDATION, GDI IS EXPLORING THE FEASIBILITY OF BUILDING A FUND AND PLATFORM (CIRCULARITY) FOR SUPPORTING PROMISING WASTE ENTERPRISES/INITIATIVES ACROSS THE VALUE CHAIN IN BOTH THE FORMAL AND INFORMAL WASTE SECTORS.
III: HEALTH: (E.G. LEAPFROG TO VALUE, MENTAL HEALTH, DISABILITY IMPACT FUND, HEALTH ENABLED, BUSINESS FOR HEALTH SOLUTIONS, NEPI)GDI'S HEALTH PORTFOLIO FOCUSES ON MOVING FROM VOLUME TO VALUE AND CUTS ACROSS ISSUES RANGING FROM MENTAL HEALTH TO COMMUNITY LIVELIHOODS, DIGITAL HEALTH SYSTEMS, AND EVERYTHING IN BETWEEN. THE LEAPFROG TO VALUE REPORT AND INITIATIVE HAS LED TO A PORTFOLIO OF PILOTS DESIGNED TO IMPROVE OUTCOMES AND COST-EFFECTIVENESS OF HEALTH SYSTEMS. THE GLOBAL DIGITAL HEALTH MONITOR IS A DATA PLATFORM THAT HELPS COUNTRIES TO BENCHMARK, PRIORITIZE, AND MONITOR DIGITAL HEALTH PROGRESS AT THE COUNTRY, REGIONAL, AND GLOBAL LEVELS. IN THE LEAD-UP TO ITS LAUNCH, IT WAS ADOPTED BY 62 COUNTRIES REPRESENTING MORE THAN 2.5 BILLION PEOPLE GLOBALLY. NURTUREFIRST IS A GLOBAL FUNDER AND CAPACITY BUILDER BRINGING TOGETHER THINKERS, DOERS, AND ACTIVISTS TO IMPROVE THE SYSTEMS THAT SUPPORT HOME-BASED CHILDCARE (HBCC) PROVIDERS GLOBALLY SO THEY CAN PROVIDE EVIDENCE-BASED, AFFORDABLE, CULTURALLY RELEVANT CHILDCARE WHEREVER THEY ARE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Brian Milder Director Gdi Until 04/2023, Ceo, Aceli Africa | 12 | $87,302 | |
Jason Wendle Director | 40 | $217,724 | |
Andrew Stern CEO | Officer | 30 | $199,677 |
Chintan Maru Secretary | Officer | 40 | $210,368 |
Jessica Harrison Fullerton Director | 40 | $176,683 | |
Elizabeth Vanderwoude Cfo/treasurer | Officer | 16 | $188,265 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Patricia Mechael Profes. Services, Consultancy | 12/30/23 | $224,300 |
Gdi South Asia Private Limited Profes. Services, Consultancy | 12/30/23 | $212,158 |
Pall Kvaran Profes. Services, Consultancy | 12/30/23 | $109,626 |
The Johns Hopkins University Profes. Services, Consultancy | 12/30/23 | $116,389 |
Carben Ventures Inc Profes. Services, Consultancy | 12/30/23 | $144,000 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $81,414 |
Government grants | $3,494,935 |
All other contributions, gifts, grants, and similar amounts not included above | $8,860,692 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $12,437,041 |
Total Program Service Revenue | $3,609,643 |
Investment income | $794,370 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $16,985,488 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $9,497,867 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $2,605,449 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $672,370 |
Compensation of current officers, directors, key employees. | $294,124 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,918,577 |
Pension plan accruals and contributions | $130,899 |
Other employee benefits | $686,225 |
Payroll taxes | $207,162 |
Fees for services: Management | $0 |
Fees for services: Legal | $71,535 |
Fees for services: Accounting | $97,507 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,027,060 |
Advertising and promotion | $6,812 |
Office expenses | $73,870 |
Information technology | $133,192 |
Royalties | $0 |
Occupancy | $11,672 |
Travel | $374,709 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $23,050 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $52,308 |
All other expenses | $0 |
Total functional expenses | $18,649,961 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,458,649 |
Savings and temporary cash investments | $3,826 |
Pledges and grants receivable | $3,974,436 |
Accounts receivable, net | $841,096 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $33,976 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $9,957,786 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $820,283 |
Total assets | $17,090,052 |
Accounts payable and accrued expenses | $1,049,814 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $381,079 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $4,619,119 |
Total liabilities | $6,050,012 |
Net assets without donor restrictions | $8,465,864 |
Net assets with donor restrictions | $2,574,176 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $17,090,052 |
Over the last fiscal year, The Global Development Incubator Inc has awarded $9,497,867 in support to 6 organizations.
Grant Recipient | Amount |
---|---|
ACELI AFRICA INC PURPOSE: PROGRAMS AND GENERAL SUPPORT | $7,988,757 |
ISF ADVISORS INC PURPOSE: PROGRAMS AND GENERAL SUPPORT | $424,817 |
BUSINESS FOR HEALTH SOLUTIONS INTERNATIONAL INC PURPOSE: PROGRAMS AND GENERAL SUPPORT | $361,875 |
ALLIANCE FOR GLOBAL WATER ADAPTATION INC PURPOSE: PROGRAMS AND GENERAL SUPPORT | $306,581 |
COLIBRI CATALYST INC PURPOSE: PROGRAMS AND GENERAL SUPPORT | $286,573 |
GDI SOLUTIONS INC PURPOSE: PROGRAMS AND GENERAL SUPPORT | $129,264 |