Global Foundation For Democracy And Development Inc is located in New York, NY. The organization was established in 2003. According to its NTEE Classification (W05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Global Foundation For Democracy And Development Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Foundation For Democracy And Development 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 12/2023, Global Foundation For Democracy And Development Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (11.5%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPING COLLABORATION BETWEEN ORGANIZATIONS IN THE U.S. AND THE DOMINICAN REPUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNATIONAL AFFAIRS:IT COMPRISES OF FIVE IMPORTANT INITIATIVES: GLOBAL FORUM LATIN AMAERICA AND THE CARIBBEAN MAIN OBJECTIVE IS TO PROMOTE A SPACE FOR DEBATE AND OFFER COMPREHENSIVE PLATFORM FOR THE EXCHANGE OF IDEAS, DISCUSSION AND ANALYSIS ON THE CURRENT ROLE OF LATIN AMERICA AND THE CARIBBEAN IN THE GLOBAL ARENA. COLLABORATION WITH THE UNITED NATIONS: GFDD IS NON-PROFIT ORGANIZATION WITH CONSULTATIVE STATUS WITH MANY AGENCIES OF THE UN. GFDD IS DEDICATED TO PROMOTING AND ADVANCING ISSUES AT THE FOREFRONT OF THE UNITED NATIONS' AGENDA BY REGULARLY PARTICIPATING IN THE UN AGENCIES' DISCUSSIONS AND MEETINGS AND CONTRIBUTE SUBSTANTIVELY TO REPORTS AND POSITION PAPERS. COLLABORATION WITH THE OAS: GFDD IS CIVIL SOCIETY ORGANIZATION AFFILIATED WITH THE ORGANIZATION OF AMERICAN STATES (OAS) AND ACTIVE SUPPORTERS OF THE ORGANIZATION'S AIMS AND OBJECTIVES, OF THE INTER-AMERICAN SYSTEM AND THE SUMMIT OF THE AMERICAS PROGRAM. JOINT SPECIFIC INITIATIVES IN THE FIELD OF DEMOCRACY, REGIONAL INTEGRATION, TRADE, ENVIRONMENT, EDUCATION, CULTURE, DRUG ABUSE PREVENTION ARE DEVELOPED AND IMPLEMENTED WITH DIFFERENT DEPARTMENTS AND DIVISIONS OF THE OAS. COLLABORATION WITH UNA-DR: GFDD ORGANIZES IN ASSOCIATION WITH THE UNITED NATIONS ASSOCIATION OF DOMINICAN REPUBLIC ACTIVITIES SUCH AS THE MODEL UN, MODEL OAS, MODEL INTER-AMERICAN HUMAN RIGHTS SYSTEM, WHICH OFFER VALUABLE LEARNING AND CIVIC LEADERSHIP EXPERIENCES TO THOUSANDS OF YOUNG STUDENTS FROM DOMINICAN REPUBLIC AND LATIN AMERICA.
CULTURE & DIASPORA:IT COMPRISES OF FIVE IMPORTANT INITIATIVES: GDAE INTRODUCES DOMINICAN STUDENTS TO THE AMERICAN STYLE OF LIBERAL ARTS EDUCATION AND ENCOURAGES DIALOGUE BETWEEN DOMINICAN STUDENTS AND THEIR DOMINICAN-AMERICAN COUNTERPARTS ATTENDING THESE INSTITUTIONS. DOMINICANAONLINE IS AN INTERACTIVE PORTAL IN BOTH SPANISH AND ENGLISH ABOUT THE DOMINICAN REPUBLIC THAT PRESENTS THE COUNTRY IN ALL ITS FACETS TO A NATIONAL AND INTERNATIONAL AUDIENCE. DOMINICAN FILM SHOWCASE CONTRIBUTES TO THE DISSEMINATION OF THE BEST CONTEMPORARY FILMS PRODUCED IN THE DOMINICAN REPUBLIC, BY DOMINICAN FILMMAKERS, ABOUT DOMINICAN TOPICS. DOMINICAN GET-TOGETHERS PROMOTES THE UNDERSTANDING AND APPRECIATION OF THE DOMINICAN CULTURE, VALUES AND HERITAGE BY CREATING ACTIVITIES TO BRING TOGETHER MEMBERS OF THE DOMINICAN COMMUNITY THAT LIVE IN THE U.S. DOMINICAN WEEK: GFDD CREATES AND PARTICIPATES IN ACTIVITIES DURING THAT WEEK IN ASSOCIATION WITH THE AMERICAN CHAMBER OF COMMERCE OF THE DOMINICAN REPUBLIC BY PROMOTING NETWORKING AND CREATING OPPORTUNITIES, ALLIANCES AND EXCHANGE BETWEEN THE DOMINICANS RESIDING IN THEIR HOMELAND AND ABROAD.
EDUCATION:IT COMPRISES OF FIVE IMPORTANT INITIATIVES: GLOBAL ROUNDTABLES IS AN ASSOCIATION WITH THE UNITED NATIONS AND OTHER ORGANIZATIONS WHERE GFDD ORGANIZES REGULAR INTERVIEWS WITH AMBASSADORS, THINK-TANK EXPERTS AND MULTILATERAL INSTITUTIONS REPRESENTATIVES. INTERDOM WHICH IS THE LEADING INTERNSHIP AND ACADEMIC STUDY PROGRAM IN THE DOMINICAN REPUBLIC. FELLOWS PROGRAM DEVELOPS A COMMUNITY OF SCHOLARS THAT CONTRIBUTES TO THE GROWING BODY OF RESEARCH ON MATTERS OF INTERNATIONAL CONCERN DIRECTLY IMPACTING THE DOMINICAN REPUBLIC. PUBLICATIONS: GFDD PUBLISHES BOOKS ON TOPICS RELEVANT TO THE DOMINICAN REPUBLIC AND THE WORLD CONTRIBUTING TO SUSTAINABLE SOCIAL, DEMOCRATIC, ECONOMIC AND CULTURAL DEVELOPMENT. EDUCATION & TECHNOLOGY: GFDD OFFERS TRAINING PROGRAMS, SEMINARS, WORKSHOPS, CONFERENCES AND DISCUSSION FORUMS TO AUDIENCES IN THE DOMINICAN REPUBLIC.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Natasha Despotovic Executive Director/treasurer | OfficerTrustee | 40 | $155,253 |
Dr Leonel Fernandez President | OfficerTrustee | 1 | $0 |
Yamile Eusebio Director | Trustee | 1 | $0 |
Alexander Andujar Jr Director | Trustee | 1 | $0 |
Dalcio Andujar Jr Director | Trustee | 1 | $0 |
Rodolfo Fuertes Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $1,302,762 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,302,762 |
Total Program Service Revenue | $372 |
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 | $1,305,430 |
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. | $165,671 |
Compensation of current officers, directors, key employees. | $39,761 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $139,189 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $29,125 |
Payroll taxes | $22,884 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,537 |
Fees for services: Accounting | $21,754 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $126,197 |
Advertising and promotion | $0 |
Office expenses | $30,603 |
Information technology | $6,491 |
Royalties | $0 |
Occupancy | $343,730 |
Travel | $6,529 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $175,860 |
Interest | $11,185 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,712 |
Insurance | $8,874 |
All other expenses | $0 |
Total functional expenses | $1,100,121 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $40,714 |
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 | $191,115 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $720,729 |
Total assets | $952,558 |
Accounts payable and accrued expenses | $108,708 |
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 | $197,405 |
Other liabilities | $662,566 |
Total liabilities | $968,679 |
Net assets without donor restrictions | -$16,121 |
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 | $952,558 |