Global Clearinghouse For Development Finance Inc
- Assets
- $21.0k
- Revenue
- $62.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Stanfordville, NY
- Founding
- 09/2011
- Data as of
- 12/2022
- EIN
- 30-0607412
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.
Form
990
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) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Samuels Executive Director/chariman | OfficerTrustee | 35 | $22,560 |
Tom Cochran Secretary/treasurer | OfficerTrustee | 1 | $0 |
Dean Nicyper Director | Trustee | 1 | $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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $22,560 |
| Compensation of current officers, directors, key employees. | $2,256 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,846 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $347 |
| Fees for services: Accounting | $7,062 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,294 |
| Advertising and promotion | $121 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,383 |
| Total functional expenses | $69,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,959 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,959 |
| Accounts payable and accrued expenses | $410 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $410 |
| Net assets without donor restrictions | $20,549 |
| 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 | $20,959 |