GLOBAL FOUNDATION FOR DEMOCRACY & DEVELOPMENT INC

EIN: 460485203 501(c)(3) Public & Societal Benefit

NEW YORK, NY

Total Revenue
$1,305,430
Total Expenses
$1,100,121
Total Assets
$952,558
Net Assets
$-16,121
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
FL
Principal Officer
NATASHA DESPOTOVIC
Phone
2127515000
Tax Period
2023-01-01 to 2023-12-31

GLOBAL FOUNDATION FOR DEMOCRACY & DEVELOPMENT INC, founded in 2002, is a community nonprofit in the Public & Societal Benefit sector that reported $1.3M in total revenue in fiscal year 2023. The organization ran a surplus of $205K, a strong 16% operating margin.

Mission

THE MISSION OF GLOBAL FOUNDATION FOR DEMOCRACY & DEVELOPMENT, INC. (GFDD) IS TO DEVELOP ALLIANCES WITH INTERNATIONAL PARTNERS TO FORMULATE AND IMPLEMENT INITIATIVES PROMOTING SUSTAINABLE SOCIO-ECONOMIC DEVELOPMENT AND THE STRENGTHENING OF DEMOCRACY IN THE DOMINICAN REPUBLIC AND LATIN AMERICA. GFDD DEVELOPS, BUILDS, AND REINFORCES COLLABORATION AND EXCHANGE AMONG INSTITUTIONS AND THE DOMINICAN GENERAL PUBLIC, THE DOMINICAN DIASPORA AND THE REST OF THE WESTERN HEMISPHERE.

Program Service Accomplishments

Program 1
Expenses: $295,247 Revenue: $372

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...

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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.

Program 2
Expenses: $107,778

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...

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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.

Program 3
Expenses: $47,760

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...

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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.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,302,762
Program Service Revenue $372
Investment Income $0
Other Revenue $2,296
TOTAL REVENUE $1,305,430

Expense Breakdown

Grants Paid $0
Salaries & Benefits $356,869
Fundraising Expenses $148,177
Program Expenses $450,785
Other Expenses $743,252
TOTAL EXPENSES $1,100,121

Year-over-Year Comparison

2023 2022 Change
Revenue $1,305,430 $1,235,076 +0.1%
Expenses $1,100,121 $1,234,753 -0.1%
Net Income $205,309 $323 +634.6%
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
8
Independent Members
5
Employees
5
Volunteers
9

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
2
$165,671
Total Directors
8
$165,671
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NATASHA DESPOTOVIC EXECUTIVE DIRECTOR/TREASURER 40.00
Officer Director
$155,253 $10,418 $165,671
DR LEONEL FERNANDEZ PRESIDENT 1.00
Officer Director
$0 $0 $0
YAMILE EUSEBIO DIRECTOR 1.00
Director
$0 $0 $0
ALEXANDER ANDUJAR JR DIRECTOR 1.00
Director
$0 $0 $0
DALCIO ANDUJAR JR DIRECTOR 1.00
Director
$0 $0 $0
RODOLFO FUERTES DIRECTOR 1.00
Director
$0 $0 $0
HECTOR DIONISIO PEREZ DIRECTOR 1.00
Director
$0 $0 $0
JOSE J ZAITER DIRECTOR 1.00
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
2024 No data No data No data No data
2023 $1,305,430 $1,100,121 $952,558 $205,309
2022 $1,235,076 $1,234,753 $1,261,584 $323
2021 $896,715 $952,353 $299,572 $-55,638
2020 $960,676 $1,071,853 $332,468 $-111,177
2019 $1,663,687 $1,802,240 $225,545 $-138,553
2018 $1,893,093 $1,800,076 $289,982 $93,017
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