THE GLOBAL DEVELOPMENT INCUBATOR INC

EIN: 141945286 501(c)(3) International Affairs

WASHINGTON, DC

Total Revenue
$21,516,058
Total Expenses
$21,550,781
Total Assets
$16,590,151
Net Assets
$11,005,317
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
NY
Principal Officer
ELIZABETH VANDERWOUDE
Phone
2029877700
Tax Period
2024-01-01 to 2024-12-31

THE GLOBAL DEVELOPMENT INCUBATOR INC, founded in 2005, is a mid-sized nonprofit in the International Affairs sector that reported $21.5M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum.

Mission

THE GLOBAL DEVELOPMENT INCUBATOR, INC. (GDI) PROVIDES STRATEGIC, OPERATIONAL, PROGRAMMATIC, AND IMPLEMENTATION SUPPORT SERVICES TO BUILD STARTUPS AND PARTNERSHIPS DRIVING SOCIAL IMPACT AROUND THE WORLD.

Program Service Accomplishments

Program 1
Expenses: $13,327,824 Revenue: $645,915

AGRICULTURAL: (E.G. ACELI AFRICA, CSAF, ISF ADVISORS)GDI'S AGRICULTURE PORTFOLIO BRINGS TOGETHER DIVERSE PLAYERS FROM ACROSS AGRICULTURE, FINANCE, AND CLIMATE, WHO OTHERWISE MAY HAVE NEVER...

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AGRICULTURAL: (E.G. ACELI AFRICA, CSAF, ISF ADVISORS)GDI'S AGRICULTURE PORTFOLIO BRINGS TOGETHER DIVERSE PLAYERS FROM ACROSS AGRICULTURE, FINANCE, AND CLIMATE, WHO OTHERWISE MAY HAVE NEVER COLLABORATED DESPITE THEIR SHARED GOALS. ACELI AFRICA IS THE FIRST OF ITS KIND MARKET INCENTIVE FACILITY ALIGNING CAPITAL SUPPLY AND DEMAND TO MOBILIZE PRIVATE SECTOR LENDING TO AGRICULTURAL SMALL AND MEDIUM ENTERPRISES (SMES) IN AFRICA. CSAF IS THE LEADING GLOBAL NETWORK OF LENDING PRACTITIONERS PROMOTING AN INCLUSIVE FINANCE MARKET FOR AGRICULTURAL SMES. ISF ADVISORS PUBLISHES INDUSTRY LEADING RESEARCH ALONGSIDE FINANCIAL AND STRATEGIC ADVISORY WORK TO MOBILIZE CAPITAL TOWARDS A MORE SUSTAINABLE, EQUITABLE, AND PRODUCTIVE GLOBAL FOOD SYSTEM.

Program 2
Expenses: $2,210,111 Revenue: $1,786,774

HEALTH: (E.G. LEAPFROG TO VALUE, DISABILITY IMPACT FUND, HEALTH ENABLED)GDI'S HEALTH PORTFOLIO FOCUSES ON MOVING FROM VOLUME TO VALUE AND CUTS ACROSS ISSUES RANGING FROM MENTAL HEALTH TO COMMUNITY...

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HEALTH: (E.G. LEAPFROG TO VALUE, DISABILITY IMPACT FUND, HEALTH ENABLED)GDI'S HEALTH PORTFOLIO FOCUSES ON MOVING FROM VOLUME TO VALUE AND CUTS ACROSS ISSUES RANGING FROM MENTAL HEALTH TO COMMUNITY LIVELIHOODS, DIGITAL HEALTH SYSTEMS, AND EVERYTHING IN BETWEEN. WORKING AT THE INTERSECTION OF PUBLIC HEALTH AND TECHNOLOGY, HEALTH.ENABLED HAS BEEN CO-CREATING EQUITABLE SOLUTIONS THAT DRIVE WHOLE-PERSON HEALTH FOR OVER A DECADE, INCLUDING LAUNCHING THE GLOBAL DIGITAL HEALTH MONITOR (GDHM) A DATA PLATFORM THAT HELPS COUNTRIES TO BENCHMARK, PRIORITIZE, AND MONITOR DIGITAL HEALTH PROGRESS AT THE COUNTRY, REGIONAL, AND GLOBAL LEVELS. THE LEAPFROG TO VALUE REPORT AND INITIATIVE HAS LED TO A PORTFOLIO OF PILOTS DESIGNED TO IMPROVE OUTCOMES AND COST-EFFECTIVENESS OF HEALTH SYSTEMS. THE DISABILITY IMPACT FUND MERGES IMPACT INVESTING WITH VENTURE-BUILDING EXPERTISE TO REVOLUTIONIZE ASSISTIVE TECHNOLOGY ACCESS IN LOW AND MIDDLE-INCOME COUNTRIES.

Program 3
Expenses: $921,273 Revenue: $157,129

EARLY CHILDHOOD DEVELOPMENT: (E.G. NURTURE FIRST)GDI'S EARLY CHILDHOOD DEVELOPMENT PORTFOLIO WORKS TO INCREASE EVIDENCE-BASED ECD PROGRAMS AT SCALE, CATALYZE NEW FUNDING THROUGH FINANCING MECHANISMS...

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EARLY CHILDHOOD DEVELOPMENT: (E.G. NURTURE FIRST)GDI'S EARLY CHILDHOOD DEVELOPMENT PORTFOLIO WORKS TO INCREASE EVIDENCE-BASED ECD PROGRAMS AT SCALE, CATALYZE NEW FUNDING THROUGH FINANCING MECHANISMS, AND WORK IN COLLABORATION WITH LEADERS FROM ADJACENT MOVEMENTS INCLUDING GENDER EQUALITY AND LIVELIHOODS ATTAINMENT SO THAT ALL YOUNG CHILDREN HAVE THE FOUNDATIONAL NURTURING CARE THEY NEED. NURTURE FIRST IS A GLOBAL FUNDER AND CAPACITY BUILDER BRINGING TOGETHER THINKERS, DOERS, AND ACTIVISTS TO IMPROVE THE SYSTEMS THAT SUPPORT HOME-BASED CHILDCARE (HBCC) PROVIDERS GLOBALLY SO THEY CAN PROVIDE EVIDENCE-BASED, AFFORDABLE, CULTURALLY RELEVANT CHILDCARE WHEREVER THEY ARE.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $16,885,463
Program Service Revenue $3,845,679
Investment Income $615,575
Other Revenue $169,341
TOTAL REVENUE $21,516,058

Expense Breakdown

Grants Paid $14,419,476
Salaries & Benefits $3,907,454
Fundraising Expenses $0
Program Expenses $19,124,584
Other Expenses $3,223,851
TOTAL EXPENSES $21,550,781

Year-over-Year Comparison

2024 2023 Change
Revenue $21,516,058 $16,985,488 +0.3%
Expenses $21,550,781 $18,649,961 +0.2%
Net Income $-34,723 $-1,664,473 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
28
Volunteers
7

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$725,785
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERNEST DARKOH BOARD DIRECTOR 2.00
Director
$0 $0 $0
AMANDA GLASSMAN BOARD DIRECTOR 2.00
Director
$0 $0 $0
GRANT GORDON BOARD DIRECTOR 2.00
Director
$0 $0 $0
YLVA LINDBERG BOARD DIRECTOR 2.00
Director
$0 $0 $0
ELCHI NOWROJEE BOARD DIRECTOR 2.00
Director
$0 $0 $0
GRETCHEN PHILLIPS BOARD DIRECTOR 2.00
Director
$0 $0 $0
BRIAN TRELSTAD BOARD DIRECTOR 2.00
Director
$0 $0 $0
ANDREW STERN CEO 30.00
Officer
$218,063 $37,814 $255,877
CHINTAN MARU SECRETARY 40.00
Officer
$225,382 $25,926 $251,308
ELIZABETH VANDERWOUDE CFO/TREASURER 18.00
Officer
$203,936 $14,664 $218,600
JASON WENDLE DIRECTOR 40.00
Highest
$233,645 $45,800 $279,445
JESSICA HARRISON FULLERTON DIRECTOR 40.00
Highest
$201,389 $35,377 $236,766
STEVEN BERGEN ASSOCIATE DIRECTOR 30.00
Highest
$162,305 $26,472 $188,777
JOANNE EDELMAN ASSOCIATE DIRECTOR 40.00
Highest
$144,909 $33,105 $178,014
WILLIAM SYMINGTON ASSOCIATE DIRECTOR 40.00
Highest
$158,185 $16,504 $174,689
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $21,516,058 $21,550,781 $16,590,151 $-34,723
2023 $16,985,488 $18,649,961 $17,090,052 $-1,664,473
2022 $19,720,293 $14,050,189 $23,333,318 $5,670,104
2021 $12,212,974 $11,523,810 $19,206,818 $689,164
2020 $13,078,400 $14,518,923 $12,937,597 $-1,440,523
2019 $13,997,096 $15,207,289 $11,737,200 $-1,210,193
2018 $18,896,087 $10,564,324 $13,171,257 $8,331,763
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