Global Poverty Project Inc
- Assets
- $26.2m
- Revenue
- $91.6m
- Investments
- $0.0
- Employees
- 138
- Location
- New York, NY
- Founding
- 05/2011
- Data as of
- 12/2021
- EIN
- 42-1772557
Organization Overview
Global Poverty Project Inc is located in New York, NY. The organization was established in 2011. According to its NTEE Classification (V30) the organization is classified as: Interdisciplinary Research, under the broad grouping of Social Science and related organizations. As of 12/2021, Global Poverty Project Inc employed 138 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Poverty Project 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 Poverty Project Inc generated $91.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $98.3m during the year ending 12/2021. While expenses have increased by 21.0% 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 2019, Global Poverty Project Inc has awarded 17 individual grants totaling $3,041,047. 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
GLOBAL CITIZEN IS A COMMUNITY OF INDIVIDUALS TAKING ACTION TO END EXTREME POVERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCACY AND POLICY CAMPAIGNS AND EVENTS: IN SEPTEMBER, GLOBAL CITIZEN HOSTED GLOBAL CITIZEN LIVE, A CAMPAIGN CALLING ON WORLD LEADERS, BUSINESSES AND PHILANTHROPISTS TO URGENTLY COMMIT RESOURCES TO MEET THE $15-20 BILLION FUNDING SHORTFALL OF THE US$100 BILLION PROMISED ANNUALLY TO THE MOST VULNERABLE COUNTRIES CONFRONTING CLIMATE CHANGE; BUSINESSES TO HELP CURB EMISSIONS THROUGH JOINING THE RACE TO ZERO AND PLEDGING 1 BILLION ADDITIONAL TREES BY 2022 IN SUPPORT OF THE LT.ORG AMBITION TO CONSERVE, RESTORE AND GROW ONE TRILLION TREES THIS DECADE; $6 BILLION TO PROVIDE FOOD TO 41 MILLION PEOPLE FACING FAMINE; 2 BILLION COVID-19 VACCINES TO BE REDISTRIBUTED TO LOW-INCOME COUNTRIES BY THE END OF 2021; AND FOR PFIZER, BIONTECH AND MODERNA TO SHARE MRNA TECHNOLOGY WITH AFRICA. THROUGHOUT THE CAMPAIGN, MORE THAN US$1.1 BILLION, 157 MILLION TREES, AND MORE 60 MILLION COVID-19 VACCINES WERE ANNOUNCED.
END TO EXTREME POVERTY CAMPAIGNING: GLOBAL CITIZEN'S CAMPAIGNING WORK TO END EXTREME POVERTY ACHIEVES TANGIBLE ACTION ON GLOBALLY SYSTEMIC ISSUES TO WIN POLICY AND FINANCIAL COMMITMENTS FROM WORLD LEADERS. USING THE SUSTAINABLE DEVELOPMENT GOALS (SDGS) AS A SOLUTION FRAMEWORK, WE CAMPAIGN ON EDUCATION FOR ALL; GENDER EQUALITY; FOOD & HUNGER; SANITATION & WATER; GLOBAL HEALTH; AND CLIMATE ACTION. SINCE OUR FOUNDING, GLOBAL CITIZENS HAVE TAKEN MORE THAN 30.7 MILLION ACTIONS, WHICH HAVE LED TO MORE THAN 1.15B LIVES IMPACTED AND $41.4B IN DISTRIBUTED FUNDS. IN EARLY 2021, GLOBAL CITIZEN LAUNCHED VAX LIVE CAMPAIGN TO SECURE FUNDING FOR TESTING, TREATMENTS, AND VACCINES FOR COVID-19. THE CAMPAIGN WAS DELIVERED IN PARTNERSHIP WITH THE WORLD HEALTH ORGANIZATION (WHO), THE COALITION FOR EPIDEMIC PREPAREDNESS INNOVATION (CEPI), GAVI - THE VACCINE ALLIANCE, THE GLOBAL FUND TO FIGHT AIDS, TUBERCULOSIS AND MALARIA, THE COVID-19 THERAPEUTICS ACCELERATOR, THE FOUNDATION FOR INNOVATIVE NEW DIAGNOSTICS (FIND) AND UNITAID, AND PHILANTHROPIC PARTNERS: BILL & MELINDA GATES FOUNDATION, THE ROCKEFELLER FOUNDATION AND ALLAN GILL GRAY PHILANTHROPY. IT CULMINATED IN A CONCERT HELD AT SOFI STADIUM IN INGLEWOOD, CALIF., WHICH WAS BROADCASTED ON ABC, ABC NEWS LIVE, CBS, FOX, AND STREAMED ON YOUTUBE, IHEARTMEDIA BROADCAST RADIO STATIONS AND THE IHEARTRADIO APP, AS WELL AS INTERNATIONAL NETWORKS. VAX LIVE RESULTED IN 26 MILLION COVID-19 VACCINE DOSES AND $302M FOR MEDICAL TOOLS BEING MOBILIZED. IT WAS HOSTED BY SELENA GOMEZ, AND INCLUDED PERFORMANCES BY JENNIFER LOPEZ, EDDIE VEDER, FOO FIGHTERS, J BALVIN, AND H.E.R.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hugh Evans CEO | OfficerTrustee | 50 | $396,204 |
Elizabeth Henshaw COO | Officer | 50 | $370,397 |
Sharon K O'sullivan Sr. Vp, Corporate Partnerships | 50 | $270,113 | |
Rolontz Lee Sr. Vp, Events & Experiences | 50 | $252,204 | |
Simon Daniel Moss Md Of Campaigns | Officer | 50 | $248,075 |
Katie S Hill SVP Head Of Music,ent & Artist | 50 | $238,300 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Diversified Production Services Inc Production Services | 12/30/21 | $6,855,259 |
Deviants Media Inc Production Services | 12/30/21 | $5,494,836 |
Camouflage Films Inc Production Services | 12/30/21 | $9,979,900 |
Moving Pictures Productions Production Services | 12/30/21 | $4,984,732 |
Livewire Pictures Production Services | 12/30/21 | $2,847,927 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,694,267 |
| All other contributions, gifts, grants, and similar amounts not included above | $68,596,063 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,290,330 |
| Total Program Service Revenue | $20,991,973 |
| 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 | $80,193 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $91,596,868 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,520,000 |
| Grants and other assistance to domestic individuals. | $50,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,640,998 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,667,231 |
| Compensation of current officers, directors, key employees. | $227,987 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,679,272 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,437,746 |
| Payroll taxes | $25,685 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $518,471 |
| Fees for services: Accounting | $147,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,711,882 |
| Advertising and promotion | $601,242 |
| Office expenses | $2,573,613 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $497,888 |
| Travel | $2,324,283 |
| 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 | $1,534,002 |
| Insurance | $1,357,175 |
| All other expenses | $0 |
| Total functional expenses | $98,280,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,738,455 |
| Savings and temporary cash investments | $7,441,527 |
| Pledges and grants receivable | $5,578,784 |
| 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 | $107,544 |
| Net Land, buildings, and equipment | $244 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,637,020 |
| Other assets | $725,582 |
| Total assets | $26,229,156 |
| Accounts payable and accrued expenses | $6,931,888 |
| 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 | $2,000,000 |
| Other liabilities | $2,000,000 |
| Total liabilities | $10,931,888 |
| Net assets without donor restrictions | $10,465,788 |
| Net assets with donor restrictions | $4,831,480 |
| 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 | $26,229,156 |
Grants Awarded
Over the last fiscal year, Global Poverty Project Inc has awarded $1,520,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: VOTING CAMPAIGN | $1,000,000 |
Bristol, PA PURPOSE: ACTIVIST - JUST CAUSE | $100,000 |
Salt Lake City, UT PURPOSE: ACTIVIST - JUST CAUSE | $100,000 |
Los Angeles, CA PURPOSE: ACTIVIST - JUST CAUSE | $100,000 |
DREAMERS ROADMAP PURPOSE: ACTIVIST - JUST CAUSE | $80,000 |
Tavernier, FL PURPOSE: ACTIVIST - JUST CAUSE | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Global Poverty Project Inc has recieved totaling $1,838,835.
| Awarding Organization | Amount |
|---|---|
The Susan Thompson Buffett Foundation Omaha, NE PURPOSE: PROJECT SUPPORT | $501,983 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Sciences | $500,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $276,000 |
New Venture Fund Washington, DC PURPOSE: INTERNATIONAL DEVELOPMENT AND FOREIGN AFFAIRS | $250,000 |
Vitalogy Foundation Nashville, TN PURPOSE: $100,500 FOR SCHOLARSHIP, $86,738.24 TO A PROGRAM DESIGNED TO EQUIP YOUNG PEOPLE WITH TOOLS TO BECOME CHANGEMAKERS AND ETHICAL LEADERS | $187,238 |
Hoffman Brothers Foundation Inc Thornwood, NY PURPOSE: SUPPORTS ENDING POVERTY | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ithaka Harbors Inc New York, NY | $329,733,736 | $122,785,601 |
Global Poverty Project Inc New York, NY | $26,229,156 | $91,596,868 |
American Academy Of Arts And Sciences Cambridge, MA | $98,109,829 | $16,451,568 |
Thomas A Russo Foundation Garnet Valley, PA | $0 | -$193,546 |
Passages Inc Clarion, PA | $267,142 | $487,812 |
Dame Jillian & Dr Arthur M Sackler Fdn For The Arts Scs & Humanities New York, NY | $4,071,845 | $327,000 |
International Academy Of Arts & Sci Upper Saddle River, NJ | $0 | $217,105 |
Universal Enlightenment Forum Inc New York, NY | $1,253,539 | $1,050,756 |
Joseph F Meade Memorial Science Fund Hammondsport, NY | $238,774 | $19,440 |
Gilchrist Institute For The Achievement Sciences Ltd Bronxville, NY | $101,013 | $12,644 |
Association For The Study Of Persianate Societies Inc Boston, MA | $91,587 | $0 |
Institute Of Traditional Science Inc Cambridge, MA | $180,180 | $8,154 |