GSMA MOBILE FOR DEVELOPMENT FOUNDATION INC

EIN: 371552838 501(c)(3) International Affairs

ATLANTA, GA

Total Revenue
$24,169,959
Total Expenses
$23,803,994
Total Assets
$10,742,964
Net Assets
$2,274,601
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
GA
Principal Officer
John Giusti
Phone
6782816600
Tax Period
2024-04-01 to 2025-03-31

GSMA MOBILE FOR DEVELOPMENT FOUNDATION INC, founded in 2007, is a mid-sized nonprofit in the International Affairs sector that reported $24.2M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

THE FOUNDATION WAS CREATED FOR THE PURPOSE OF DEVELOPING & ENGAGING IN PROJECTS THAT UTILIZE MOBILE COMMUNICATIONS TO RELIEVE THE POOR, DISTRESSED, AND UNDERPRIVILEGED.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $23,846,385
Program Service Revenue $0
Investment Income $0
Other Revenue $323,574
TOTAL REVENUE $24,169,959

Expense Breakdown

Grants Paid $4,164,997
Salaries & Benefits $10,948,253
Fundraising Expenses $266,022
Program Expenses $21,716,804
Other Expenses $8,690,744
TOTAL EXPENSES $23,803,994

Year-over-Year Comparison

2024 2023 Change
Revenue $24,169,959 $20,754,435 +0.2%
Expenses $23,803,994 $20,261,499 +0.2%
Net Income $365,965 $492,936 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
3
Employees
N/A
Volunteers
6

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
5
$5,745,252
Total Directors
9
$4,876,866
Key Employees
5
$1,367,690
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mats Granryd Director General 2.0
Officer Director
$0 $0 $2,758,458
Louise Easterbrook Chief Financial Officer 2.0
Officer Director
$0 $0 $1,374,723
John Giusti Board of Directors 2.0
Officer Director
$0 $38,961 $743,685
Oonagh Stein Finance Director 2.0
Officer
$0 $36,724 $486,611
Max Cuvellier Head of Mobile for Development 40.0
Key Emp
$393,305 $0 $393,305
Monique Cormier General Counsel 2.0
Officer
$0 $6,168 $381,775
Claire Sibthorpe Head of Connected Women 40.0
Key Emp
$241,681 $30,554 $272,235
Philippe Bellordre Head of Programme Delivery - A 40.0
Key Emp
$215,146 $25,530 $240,676
Kimberly Brown Head of the Mobile for Humanan 40.0
Key Emp
$213,816 $19,118 $232,934
Ashley Olson Onyango Head of Financial Inclusion an 40.0
Key Emp
$213,969 $14,571 $228,540
Lorena Ferro Head of Finance & Compliance 40.0
Highest
$222,941 $3,861 $226,802
Akanksha Sharma Head of Climate & Digital Util 40.0
Highest
$208,572 $10,991 $219,563
Elizabeth Bookout Head of Subgrants Compliance 40.0
Highest
$156,970 $6,319 $163,289
Daniele Tricarico Senior Director - Central Insi 40.0
Highest
$147,889 $10,152 $158,041
Dominica Lindsey Senior Director 40.0
Highest
$146,942 $7,854 $154,796
Kaan Terzioglu Board of Directors 2.0
Director
$0 $0 $0
DR LISA HEHENBERGER BOARD OF DIRECTORS 2.0
Director
$0 $0 $0
Akinwale Goodluck Board of Directors 2.0
Director
$0 $0 $0
Aziz Aluthman Fakhroo Board of Directors 2.0
Director
$0 $0 $0
Ory Okolloh Board of Directors 2.0
Director
$0 $0 $0
Frehiwot Tamru Board of Directors 2.0
Director
$0 $0 $0
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
2025 $24,169,959 $23,803,994 $10,742,964 $365,965
2024 $20,754,435 $20,261,499 $10,719,698 $492,936
2023 $19,880,506 $19,787,931 $13,223,842 $92,575
2022 $24,580,259 $24,378,481 $8,779,142 $201,778
2021 $28,167,017 $26,989,780 $10,297,416 $1,177,237
2020 $26,065,637 $26,451,051 $11,772,202 $-385,414
2019 $24,266,174 $24,266,228 $12,648,464 $-54
2018 $20,694,607 $20,694,677 $10,543,677 $-70
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