Gsma Mobile For Development Foundation Inc
- Assets
- $13.2m
- Revenue
- $19.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 05/2008
- Data as of
- 03/2023
- EIN
- 37-1552838
Organization Overview
Gsma Mobile For Development Foundation Inc is located in Atlanta, GA. The organization was established in 2008. According to its NTEE Classification (Q30) the organization is classified as: International 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. Gsma Mobile For Development Foundation 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 03/2023, Gsma Mobile For Development Foundation Inc generated $19.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $19.8m during the year ending 03/2023. While expenses have increased by 0.3% 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 2015, Gsma Mobile For Development Foundation Inc has awarded 37 individual grants totaling $4,777,475. 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
THE FOUNDATION WAS CREATED FOR THE PURPOSE OF DEVELOPING & ENGAGING IN PROJECTS THAT UTILIZE MOBILE COMMUNICATIONS TO RELIEVE THE POOR, DISTRESSED, AND UNDERPRIVILEGED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECOSYSTEM ACCELERATOR : OUR MISSION IS TO BUILD SYNERGIES BETWEEN START-UPS AND MOBILE OPERATORS, WITH THE AIM TO SCALE INNOVATIVE AND SUSTAINABLE MOBILE SERVICES IN EMERGING MARKETS. DESPITE AN INCREASING NUMBER OF MOBILE PRODUCTS AND SERVICES IN EMERGING MARKETS, REACHING SCALE IS STILL A CHALLENGE FOR MOST. THE GSMA ECOSYSTEM ACCELERATOR WORKS TO BRIDGE THE GAP BETWEEN OPERATORS AND INNOVATORS, ENABLING STRONG PARTNERSHIPS THAT SUPPORT THE GROWTH OF COMMERCIALLY SUSTAINABLE MOBILE PRODUCTS AND SERVICES. BY OPENING THE DIALOGUE BETWEEN INNOVATORS AND OPERATORS, THE PROGRAMME HELPS OPERATORS CONTRIBUTE THEIR ASSETS AND EXPERTISE TO THE MOST PROMISING IDEAS. THIS WILL IN TURN SUPPORT INNOVATORS TO SECURE THE FUNDING AND DIRECTION THEY REQUIRE IN ORDER TO BRING THEIR PRODUCTS AND SERVICES TO SCALE. IN FOSTERING THESE PARTNERSHIPS, WE CAN BRING THE MOST IMPACTFUL MOBILE SOLUTIONS TO THE PEOPLE AND PLACES THAT NEED THEM MOST, GENERATING THE GREATEST SOCIO-ECONOMIC IMPACT.
MOBILE MONEY PROGRAMME: ACCELERATING THE MOBILE MONEY ECOSYSTEM FOR THE UNDERSERVED OUR MISSION IS TO SUPPORT OUR MEMBERS AND INDUSTRY STAKEHOLDERS TO INCREASE THE UTILITY AND SUSTAINABILITY OF MOBILE MONEY SERVICES AND INCREASE FINANCIAL INCLUSION. TWO BILLION PEOPLE REMAIN UNBANKED, WITHOUT ACCESS TO SAFE, SECURE AND AFFORDABLE FINANCIAL SERVICES. THE GSMA MOBILE MONEY PROGRAMME IS WORKING WITH MOBILE OPERATORS AND INDUSTRY STAKEHOLDERS TO CREATE A ROBUST MOBILE MONEY ECOSYSTEM, WHICH WILL INCREASE THE RELEVANCY AND UTILITY OF THESE SERVICES, AND ENSURE THEIR SUSTAINABILITY. TO TRULY TRANSFORM THE FINANCIAL LIVES OF UNDERSERVED PEOPLE, MOBILE MONEY MUST BECOME A CENTRAL MONETIZATION MECHANISM, UNIVERSALLY AVAILABLE ACROSS A GREATER RANGE OF DIGITAL TRANSACTIONS. BY MAKING MOBILE MONEY MORE CENTRAL TO THE FINANCIAL LIVES OF THESE USERS, GREATER FINANCIAL INCLUSION, ECONOMIC EMPOWERMENT AND ECONOMIC GROWTH CAN BE ACHIEVED.
MOBILE FOR HUMANITARIAN'S MISSION IS TO ACCELERATE THE DELIVERY AND IMPACT OF DIGITAL HUMANITARIAN ASSISTANCE: WE AIM TO REACH 7 MILLION PEOPLE WITH IMPROVED ACCESS TO AND USE OF LIFE-ENHANCING MOBILE-ENABLED SERVICES DURING HUMANITARIAN AND DISASTER PREPAREDNESS, RESPONSE AND RECOVERY BY 2021. THE GSMA MOBILE FOR HUMANITARIAN INNOVATION (M4H) PROGRAMME MARKS AN EVOLUTION AND EXPANSION OF THE GSMA'S DISASTER RESPONSE WORK. THE PROGRAMME IS SUPPORTED BY THE UK FOREIGN, COMMONWEALTH AND DEVELOPMENT OFFICE (FCDO). THE MOBILE INDUSTRY CONTINUES TO GROW ITS ENGAGEMENT AND INVESTMENT IN PARTNERSHIPS AND SOLUTIONS THAT WILL DELIVER A DIGITAL HUMANITARIAN FUTURE. OVER 156 MOBILE OPERATORS HAVE COMMITTED TO THE GSMA HUMANITARIAN CONNECTIVITY CHARTER, AN INITIATIVE WHICH STRENGTHENS THE RESILIENCE, PREPAREDNESS AND RESPONSE CAPABILITY OF CONNECTIVITY SYSTEMS IN OVER 108 COUNTRIES. THIS RESEARCH AIMS TO PROVIDE EVIDENCE TO HELP MNOS MAKE INFORMED DECISIONS ABOUT ENGAGING IN PARTNERSHIPS WITH HUMANITARIAN ORGANIZATIONS, AND TO HELP HUMANITARIAN ACTORS BETTER UNDERSTAND THEIR MNO PARTNERS AND BUILD SUCCESSFUL LONG-TERM PARTNERSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mats Granryd Director General | OfficerTrustee | 2 | $0 |
Louise Easterbrook Treasurer | OfficerTrustee | 2 | $0 |
John Giusti Board Of Directors | OfficerTrustee | 2 | $0 |
Monique Cormier Deputy General Counsel | Officer | 2 | $0 |
Max Cuvellier Head Of Mobile For Development | Officer | 40 | $270,733 |
Oonagh Stein Finance Director | Officer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Project People Contractors- Staff | 3/30/23 | $1,161,114 |
Ipsos Mori Uk Limited Research | 3/30/23 | $805,055 |
Palladium International Limited Consulting | 3/30/23 | $612,517 |
The Research People Research | 3/30/23 | $350,218 |
Altai Consulting Consultant Research | 3/30/23 | $466,998 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,488,480 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,392,026 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,880,506 |
| 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 | $19,880,506 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $109,536 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,955,992 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,176,743 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,756,342 |
| Pension plan accruals and contributions | $363,313 |
| Other employee benefits | $925,326 |
| Payroll taxes | $747,570 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $118,168 |
| Fees for services: Accounting | $116,340 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,751,907 |
| Advertising and promotion | $689,201 |
| Office expenses | $0 |
| Information technology | $27,329 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $553,654 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $337,132 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $19,787,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,464,918 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,746,284 |
| Accounts receivable, net | $12,640 |
| 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 | $13,223,842 |
| Accounts payable and accrued expenses | $8,819,926 |
| Grants payable | $0 |
| Deferred revenue | $2,471,828 |
| 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 | $11,291,754 |
| Net assets without donor restrictions | $1,932,088 |
| 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 | $13,223,842 |
Grants Awarded
Over the last fiscal year, Gsma Mobile For Development Foundation Inc has awarded $109,536 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OMNIVIS INC PURPOSE: Mobile For Humanitarian Innovation | $36,471 |
EARTHSPARK INTERNATIONAL PURPOSE: Mobile For Humanitarian Innovation | $73,065 |