The Global Development Incubator Inc
- Assets
- $19.2m
- Revenue
- $12.2m
- Investments
- $0.0
- Employees
- 32
- Location
- Washington, DC
- Founding
- 11/2007
- Data as of
- 12/2021
- EIN
- 14-1945286
Organization Overview
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 12/2021, Global Development Incubator Inc employed 32 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 12/2021, Global Development Incubator Inc generated $12.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $11.5m during the year ending 12/2021. While expenses have increased by 11.2% per year over the past 6 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 14 individual grants totaling $3,469,227. 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
2021
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. GDI SUPPORTED ISF ADVISORS AND THE RAF LEARNING LAB IN PUBLISHING LEADING RESEARCH ON THE IMPACTS OF COVID-19 ON SMALLHOLDER FARMERS, AGRICULTURAL MARKETS, AND GLOBAL FOOD SECURITY. THIS EMERGENCY RESEARCH SERIES HAS RECEIVED OVER 9,000 VIEWS TO DATE. GDI ALSO LAUNCHED ACELI AFRICA, A FIRST OF ITS KIND MARKET INCENTIVE FACILITY ALIGNING CAPITAL SUPPLY AND DEMAND TO MOBILIZE $700M IN LENDING TO AGRICULTURAL SMALL AND MEDIUM ENTERPRISES BY 2025. THROUGH THESE INITIATIVES AND OTHER RELATED EFFORTS IN THE AGENTERPRISE PORTFOLIO, GDI BRINGS TOGETHER DIVERSE PLAYERS FROM ACROSS AGRICULTURE, FINANCE, AND CLIMATE, WHO OTHERWISE MAY HAVE NEVER COLLABORATED DESPITE THEIR SHARED GOALS.
II: HEALTH: (E.G. LEAPFROG TO VALUE, HEALTH ENABLED, DISABILITY IMPACT FUND, CITIESRISE, BUSINESS FOR HEALTH SOLUTIONS)GDI'S HEALTH FOCUS AREA CUTS ACROSS ISSUES RANGING FROM MENTAL HEALTH TO COMMUNITY LIVELIHOODS, DIGITAL HEALTH SYSTEMS, AND EVERYTHING IN BETWEEN. THIS YEAR, GDI IS GRADUATING CITIESRISE, A MULTI-STAKEHOLDER INITIATIVE ADDRESSING THE RISING TIDE OF MENTAL HEALTH ISSUES AMONG YOUNG PEOPLE. THROUGH CITIESRISE, GDI HAS BROUGHT TOGETHER FUNDERS, CITY LEADERS, ACADEMICS, AND HEALTHCARE PROFESSIONALS WHO PREVIOUSLY DID NOT COORDINATE, AND EMPOWER EACH TO PLAY A ROLE IN SUPPORTING MENTAL HEALTH AMONG YOUNG PEOPLE - A CRITICAL, BUT OFTEN IGNORED, AREA OF HEALTH. GDI ALSO LAUNCHED SEVERAL NEW INITAITVES. 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 OXYGEN HUB IS A NETWORK OF ENTREPRENEURS BUILDING OXYGEN INFRASTRUCTURE ACROSS SUB-SAHARAN AFRICA. LASTLY, GDI COMPLETED A PRELIMINARY DESIGN OF A "TECHNICAL ASSISTANCE FACILITY" TO SUPPORT HEALTH VENTURES THAT ARE CRITICAL TO ACHIEVING THE HEALTH-RELATED SUSTAINABLE DEVELOPMENT GOALS. ULTIMATELY THROUGH THESE EFFORTS, GDI AIMS TO BRING TOGETHER LEADERS FROM TECHNOLOGY, GOVERNMENT, AND HEALTH INNOVATION TO DEVELOP CROSS-SECTOR HEALTH SOLUTIONS AT SCALE.
III: MARGINALIZED POPULATIONS: (E.G. LABOR MOBILITY PARTNERSHIPS, MIGRANTS RESILIENCE COLLECTIVE, GLOBAL FUND TO END MODERN SLAVERY, REFUGEE INVESTMENT NETWORK, PEOPLE ON THE MOVE)GDI'S MARGINALIZED POPULATIONS FOCUS AREA WORKS TO ADVANCE LIVELIHOODS, LEADERSHIP, AND YOUTH DEVELOPMENT ACROSS SECTORS AND REGIONS. RESPONDING TO COVID-19'S IMPACT ON REFUGEES AND BUSINESS OWNERS, THE REFUGEE INVESTMENT NETWORK INITATIIVE HAS LAUNCHED THE RECOVR (REFUGEE ENTREPRENEURS COVID-19 RESILIENCE) FUND, WHICH RAISED RESOURCES TO DISTRIBUTE IN SMALL CASH GRANTS TO STRUGGLING REFUGEE ENTREPRENEURS IN THE US, THROUGH THEINTERNATIONAL RESCUE COMMITTEE'S CENTER FOR ECONOMIC OPPORTUNITY. FOR THE GLOBAL FUND TO END MODERN SLAVERY, ANOTHER MAJOR INITIATIVE, GDI SUPPORTED ORGANIZATION OF GFEMS EFFORTS INTO STRATEGIC PROGRAMS TO ENSURE EFFICIENT LEARNING, ADAPTATION, KNOWLEDGE SHARING AND FORWARD PLANNING ACROSS TEAMS & DONORS, AND SHAPED GFEMS' PROGRAMMING AND ORGANIZATIONAL STRATEGY IN RESPONSE TO CHANGES CAUSED BY THE COVID-19 PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Courtney Director | 40 | $207,750 | |
Brian Milder Director | 40 | $195,552 | |
Daniel Zook Director | 40 | $189,674 | |
Jason Wendle Director | 40 | $188,779 | |
Darin Kingston Secretary | OfficerTrustee | 40 | $183,000 |
Chintan Maru Director | 40 | $175,211 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Matthew Shakhovskoy Program Services, Consultancy | 12/30/21 | $108,900 |
Esl Advisors Llc Program Services, Consultancy | 12/30/21 | $100,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,051,743 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,691,992 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,743,735 |
| Total Program Service Revenue | $2,348,167 |
| Investment income | $1 |
| 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 | $12,212,974 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,502,692 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $677,861 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $553,503 |
| Compensation of current officers, directors, key employees. | $276,752 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,882,794 |
| Pension plan accruals and contributions | $147,407 |
| Other employee benefits | $216,531 |
| Payroll taxes | $234,617 |
| Fees for services: Management | $770,886 |
| Fees for services: Legal | $52,321 |
| Fees for services: Accounting | $54,656 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,039 |
| Advertising and promotion | $5,362 |
| Office expenses | $98,225 |
| Information technology | $78,024 |
| Royalties | $0 |
| Occupancy | $67,989 |
| Travel | $54,648 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,792 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $28,247 |
| All other expenses | $0 |
| Total functional expenses | $11,523,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,962,063 |
| Savings and temporary cash investments | $4,225,994 |
| Pledges and grants receivable | $4,658,059 |
| Accounts receivable, net | $0 |
| 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 | $12,052 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,348,650 |
| Total assets | $19,206,818 |
| Accounts payable and accrued expenses | $265,433 |
| Grants payable | $0 |
| Deferred revenue | $4,584,024 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $7,322,952 |
| 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 | $0 |
| Total liabilities | $12,172,409 |
| Net assets without donor restrictions | $7,034,409 |
| Net assets with donor restrictions | $0 |
| 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 | $19,206,818 |
Grants Awarded
Over the last fiscal year, The Global Development Incubator Inc has awarded $1,442,248 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL SUPPORT | $836,364 |
New York, NY PURPOSE: GENERAL SUPPORT | $437,896 |
New York, NY PURPOSE: GENERAL SUPPORT | $114,788 |
Washington, DC PURPOSE: GENERAL SUPPORT | $53,200 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that The Global Development Incubator Inc has recieved totaling $4,599,570.
| Awarding Organization | Amount |
|---|---|
Rural India Supporting Tr Farmington Hills, MI | | $1,094,506 |
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $625,000 |
Conrad N Hilton Foundation Westlake Village, CA PURPOSE: TO ADVANCE CAREER PATHWAYS AND DATA STRATEGY TO STRENGTHEN GOYN MOMBASA. | $625,000 |
Conrad N Hilton Foundation Westlake Village, CA PURPOSE: TO ADVANCE CAREER PATHWAYS AND DATA STRATEGY TO STRENGTHEN GOYN MOMBASA. | $575,000 |
Douglas B Marshall Jr Family Foundation Houston, TX PURPOSE: GENERAL SUPPORT | $500,000 |
The Aspen Institute Inc Washington, DC PURPOSE: SUPPORT GOYN INITIATIVE | $225,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For International Private Enterprise Inc Washington, DC | $7,049,189 | $42,269,562 |
Accion International Washington, DC | $386,472,102 | $4,901,116 |
International Budget Partnership Washington, DC | $22,613,845 | $10,208,589 |
The Global Development Incubator Inc Washington, DC | $19,206,818 | $12,212,974 |
U S Russia Foundation For Ecnomic Advancement And The Rule Of Law Washington, DC | $338,533,234 | $10,918,102 |
International Economic Development Council Inc Washington, DC | $7,664,446 | $7,258,490 |
Grassroots Business Partners Inc Washington, DC | $4,894,378 | $2,765,853 |
Serrv International Inc Westminster, MD | $5,915,930 | $5,889,769 |
Junior Achievement Of Greater Washington Washington, DC | $13,546,976 | $4,222,443 |
Fairtrade America United Inc Washington, DC | $5,153,549 | $4,146,091 |
Aceli Africa Inc Washington, DC | $4,489,153 | $3,826,704 |
Solar Sister Inc Great Falls, VA | $695,942 | $2,413,061 |