Global Clearinghouse For Development Finance Inc

Organization Overview

Global Clearinghouse For Development Finance Inc is located in Stanfordville, NY. The organization was established in 2011. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Clearinghouse For Development Finance 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 12/2022, Global Clearinghouse For Development Finance Inc generated $62.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (20.1%) each year. All expenses for the organization totaled $69.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (18.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO CONDUCT ACTIVITIES TO IMPROVE THE SOCIAL AND ECONOMIC STABILITY AND GROWTH OF DEVELOPING COUNTRIES THROUGH PROMOTING THE SHARING OF INFORMATION, KNOWLEDGE AND RESOURCES AMONG GOVERNMENTS, INTERNATIONAL ORGANIZATIONS, NON-PROFITS AND THE PRIVATE SECTOR FOR THE BENEFIT OF DEVELOPING COUNTRIES AND PROVIDING TRAINING AND ADVISORY SERVICES AND ORGANIZATION'S OBJECTIVES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO REDUCE POVERTY AND ENABLE ACCESS TO FINANCE, GLOBALDF HAS PROVIDED FINANCIAL ADVISORY FOR THE PREPARATION OF FINANCIALLY VIABLE INFRASTRUCTURE PROJECTS. IN 2022, GLOBALDF CONTINUED THE PROJECT DEVELOPING FINANCIAL ROADMAPS FOR THE DEVELOPMENT AND FINANCE OF LOCAL CLIMATE PROJECTS IN SUB-SAHARAN AFRICA. ACTIVITIES HAVE INCLUDED IMPLEMENTING A STUDIES AND DEVELOPING TRAINING MODULES.GLOBALDF CONTINUED TO SUPPORT THE "JOB CREATING TOOLKIT" ESTIMATING JOB CREATION FOR THE NEW PARTNERSHIP FOR AFRICAN DEVELOPMENT (NEPAD), THE AFRICAN UNION'S IMPLEMENTING AGENCY FOR REGIONAL INFRASTRUCTURE PROJECTS. THE JOB CREATION METHODOLOGY WILL BE USED TO ADVANCE AFRICA'S REGIONAL INTEGRATION, TRADE, AND LARGE INFRASTRUCTURE PROJECTS ACCESS


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Board, Officers & Key Employees

Name (title)Compensation
Barbara Samuels
Executive Director/chariman
$22,560
Tom Cochran
Secretary/treasurer
$0
Dean Nicyper
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $62,044
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$62,044
Total Program Service Revenue$0
Investment income $0
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 $62,044

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