Bancroft Global Development
- Assets
- $19.9m
- Revenue
- $61.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 10/1999
- Data as of
- 12/2023
- EIN
- 54-1955545
Organization Overview
Bancroft Global Development is located in Washington, DC. The organization was established in 1999. According to its NTEE Classification (Q41) the organization is classified as: Arms Control & Peace, 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. Bancroft Global Development 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, Bancroft Global Development generated $61.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $60.1m during the year ending 12/2023. While expenses have increased by 11.6% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DELIVER PERMANENT SOLUTIONS TO THE ECONOMIC, ENVIRONMENTAL, AND SOCIETAL HARM CAUSED BY ARMED CONFLICT AND THE EXPLOSIVE REMNANTS OF WAR
Describe the Organization's Program Activity:
Part 3 - Line 4a
HUMANITARIAN ASSISTANCE AND NONCOMBATANT EVACUATION OPERATIONS: THE ORGANIZATION HELPED MORE THAN 70,000 AFGHAN CITIZENS WHO HAD WORKED WITH NATO OR THE UNITED STATES GOVERNMENT TO OBTAIN HEALTHCARE, TRAVEL DOCUMENTS, AND SAFE PASSAGE TO NEUTRAL COUNTRIES FOR ONWARD MOVEMENT AND PERMANENT RESETTLEMENT.
CAPACITY BUILDING: THE ORGANIZATION SUPPORTS THE AFRICAN UNION TRANSITION MIISSION IN SOMALIA (ATMIS) AND THE FEDERAL GOVERNMENT OF SOMALIA WITH PROFESSIONAL, VOCATIONAL TRAINING AND ADVICE TO ENABLE THEM TO PROTECT CIVILIANS AND FACILITATE HUMANITARIAN ASSISTANCE.
MEDICAL SERVICES: THE ORGANIZATION PROVIDES MEDICAL STAFF FOR MULTIPLE TRAUMA CENTERS AND AEROMEDICAL EVACUATION OF PEACEKEEPING FORCES, THE UNITED NATIONS, AND HUMANITARIAN ACTORS INSIDE SOMALIA, MALI AND YEMEN AND FROM THOSE COUNTRIES TO HIGHER LEVEL MEDICAL FACILITIES IN OTHER PARTS OF AFRICA, THE MIDDLE EAST AND EUROPE. THIS INCLUDES PROVIDES EDUCATION FOR THIRD PARTY MEDICAL PROVIDERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Stock President/treasurer | Trustee | 10 | $0 |
Gregory Joachim Exec. Director/secretary | OfficerTrustee | 10 | $0 |
Alexander Krongard Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Soteria Solutions Program Services - Evacuation | 12/30/23 | $43,703,313 |
Nomad Aviation Air Transport Services | 12/30/23 | $24,849,188 |
Bancroft Global Management Mgmt & Personnel Services | 12/30/23 | $5,814,564 |
Tranquility Cybersecurity International Law Enforcement Consulting | 12/30/23 | $325,000 |
African Skies Limited Security & Operational Support | 12/30/23 | $305,245 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,133,018 |
| 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 | $18,133,018 |
| Total Program Service Revenue | $43,229,980 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$70,220 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $61,418,581 |
| 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 | $3,738,522 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $439,784 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,658 |
| Fees for services: Accounting | $263,666 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,259,631 |
| Advertising and promotion | $0 |
| Office expenses | $104,307 |
| Information technology | $151,368 |
| Royalties | $0 |
| Occupancy | $3,830,455 |
| Travel | $1,192,540 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $80,203 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $151,028 |
| Insurance | $760,927 |
| All other expenses | $0 |
| Total functional expenses | $60,056,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,232,666 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,831,476 |
| Accounts receivable, net | $1,870 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,913 |
| Inventories for sale or use | $56,800 |
| Prepaid expenses and deferred charges | $198,937 |
| Net Land, buildings, and equipment | $521,389 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,331 |
| Total assets | $19,894,382 |
| Accounts payable and accrued expenses | $2,763,074 |
| 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 | $2,763,074 |
| Net assets without donor restrictions | $11,889,978 |
| Net assets with donor restrictions | $5,241,330 |
| 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 | $19,894,382 |