Civic Intelligence

Givedirectly Inc.

990 • Fiscal year 2016 • EIN 27-1661997

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

Organization Profilewww.givedirectly.org
PO Box 3221New York, NY 10008

(646) 504-4837

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

31st percentile

0.14x

Higher debt load relative to assets than 31% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

32nd percentile

0.23x

Higher debt load relative to revenue than 32% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Net Margin

83rd percentile

21%

Higher net margin than 83% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

28th percentile

$230,143

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Asset Growth

90th percentile

22%

Faster asset growth than 90% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

23rd percentile

-7.5%

Faster revenue growth than 23% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$76,381,373

Up $13,659,966 (+22%) from 2015

Net Assets

Up

$65,717,942

Up $10,656,624 (+19%) from 2015

Liabilities

Up

$10,663,431

Up $3,003,342 (+39%) from 2015

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin83rd percentile

Revenue

Down

$47,321,209

Down $3,853,341 (-7.5%) from 2015

Expenses

Up

$37,441,213

Up $20,676,780 (+123%) from 2015

Net Income

Down

$9,879,996

Down $24,530,121 (-71%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300M$200M$100M$0Assets 2012: $329,532Liabilities 2012: $147,214Net Assets 2012: $182,3182012Assets 2013: $4,406,460Liabilities 2013: $1,266,936Net Assets 2013: $3,139,5242013Assets 2015: $62,721,407Liabilities 2015: $7,660,089Net Assets 2015: $55,061,3182015Assets 2016: $76,381,373Liabilities 2016: $10,663,431Net Assets 2016: $65,717,9422016Assets 2017: $84,710,648Liabilities 2017: $5,936,017Net Assets 2017: $78,774,6312017Assets 2018: $87,072,544Liabilities 2018: $22,229,584Net Assets 2018: $64,842,9602018Assets 2019: $87,939,598Liabilities 2019: $21,959,482Net Assets 2019: $65,980,1162019Assets 2020: $184,296,382Liabilities 2020: $41,253,904Net Assets 2020: $143,042,4782020Assets 2021: $268,742,761Liabilities 2021: $66,852,250Net Assets 2021: $201,890,5112021Assets 2022: $240,039,533Liabilities 2022: $126,223,824Net Assets 2022: $113,815,7092022Assets 2023: $203,098,602Liabilities 2023: $79,756,067Net Assets 2023: $123,342,5352023Assets 2024: $246,022,604Liabilities 2024: $44,047,638Net Assets 2024: $201,974,9662024

Highlighted filing

2016

Assets$76,381,373
Liabilities$10,663,431
Net Assets$65,717,942
Open 2016 Filing

Operations Trend

Revenue Growth23rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400M$300M$200M$100M$0-$100MExpenses 2012: $527,7292012Expenses 2013: $2,466,9302013Revenue 2015: $51,174,550Expenses 2015: $16,764,433Net Income 2015: $34,410,1172015Revenue 2016: $47,321,209Expenses 2016: $37,441,213Net Income 2016: $9,879,9962016Revenue 2017: $51,477,007Expenses 2017: $38,515,235Net Income 2017: $12,961,7722017Revenue 2018: $55,132,520Expenses 2018: $69,036,299Net Income 2018: -$13,903,7792018Revenue 2019: $45,195,802Expenses 2019: $44,581,089Net Income 2019: $614,7132019Revenue 2020: $306,474,046Expenses 2020: $229,810,731Net Income 2020: $76,663,3152020Revenue 2021: $254,085,265Expenses 2021: $196,851,536Net Income 2021: $57,233,7292021Revenue 2022: $175,713,344Expenses 2022: $261,307,795Net Income 2022: -$85,594,4512022Revenue 2023: $140,343,295Expenses 2023: $130,260,291Net Income 2023: $10,083,0042023Revenue 2024: $206,811,067Expenses 2024: $130,406,116Net Income 2024: $76,404,9512024

Highlighted filing

2016

Revenue$47,321,209
Expenses$37,441,213
Net Income$9,879,996
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.1
Gross Receipts
$50,942,632
Mission and Program Overview

Mission

The organization's mission is to reduce poverty by providing assistance directly to the extreme poor and allowing them -- not the donor -- to choose where they invest.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$26,069,834$52,966,292▲ $26,896,458
Cash and Non-Interest-Bearing Accounts$8,658,730$12,519,140▲ $3,860,410
Pledges and Grants Receivable$420,839$7,799,668▲ $7,378,829
Investments in Publicly Traded Securities$27,433,789$2,779,277▼ $24,654,512
Prepaid Expenses and Deferred Charges$58,439$131,026▲ $72,587
Inventories for Sale or Use$9,441$123,743▲ $114,302
Accounts Receivable$54,902$23,784▼ $31,118
Land, Buildings, and Equipment, Net$15,433$17,940▲ $2,507
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$62,721,407$76,381,373▲ $13,659,966
Other Assets Total$0$20,503▲ $20,503
Liabilities
Grants Payable$7,480,817$10,133,853▲ $2,653,036
Accounts Payable and Accrued Expenses$179,272$529,578▲ $350,306
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$7,660,089$10,663,431▲ $3,003,342
Net Assets / Fund Balance
Unrestricted Net Assets$47,061,318$50,938,696▲ $3,877,378
Temporarily Rstr Net Assets$8,000,000$14,779,246▲ $6,779,246
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$55,061,318$65,717,942▲ $10,656,624
Total Liabilities and Net Assets / Fund Balance$62,721,407$76,381,373▲ $13,659,966

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$14,530$12,756$27,286
Other Land Buildings$3,410$2,994$6,404
Compensation and Service Providers
Top Officer Pay28th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ian BassinCOO - DomesticFT$223,411$6,732$230,143
Gavin WalshDirector of Fin and Info SystmsFT$181,584$34$181,618
Joe HustonRegional DirectorFT$118,424$8,118$126,542
Piali MukhopadhyayCOO - InternationalFT$117,193$8,071$125,264

Board Members and Trustees

NameTitle
Michael FayeChair
Paul NiehausPresident
Aly JeddyDirector
Bill MeehanDirector
Jacqueline FullerDirector
Rohit WanchooTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Segovia TechnologyPayment Software Srv115 West 18th St, New York, NY 10011$283,348
BdoAcct & Tax Srvcs8401 Greensboro Dr Ste 800, Mclean, VA 22102$268,834
Velocity GlobalEmployment Srvcs3001 Brighton Blvd Ste 900, Denver, CO 80216$106,248
Revenue and Support

Revenue Composition

Contributions and Grants
$45,118,192
Program Service Revenue
$0
Investment Income
$2,006,891
Other Revenue
$196,126
All Other Contributions
$44,446,869
Change in Net Assets
$9,879,996

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded49$3,621,423Market Price
Total Noncash Contributions49$3,621,423-

Audited Revenue Reconciliation

Revenue per Audited Statements
$47,321,209
Revenue Not Reported on Form 990
$776,628
Total Revenue per Audited Statements
$48,097,837
Total Revenue per Form 990
$47,321,209
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$30,317,163
Other Expenses$3,941,702
Salaries, Compensation, and Employee Benefits$3,182,348
Total Fundraising Expense$1,779,557
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$30,317,163--$30,317,163
Other Salaries and Wages$1,355,842$277,963$602,883$2,236,688
Information Technology$593,530$90,416$533,344$1,217,290
Travel$664,180$32,898$53,983$751,061
Current Officers, Directors, Trustees, and Key Employees$249,603$51,170$110,988$411,761
Fees for Services Accounting$19,102$361,169-$380,271
Other Employee Benefits$251,230$8,878$34,579$294,687
Payroll Taxes$167,489$20,538$51,185$239,212
Occupancy$85,794$105,447-$191,241
Office Expenses$95,959$5,276$1,273$102,508
Fees for Services Legal$26,349$54,461-$80,810
Fees for Services Other$45,980$2,453$14,136$62,569
Insurance$2,986$9,028-$12,014
Depreciation Depletion$7,112$1,570-$8,682
Other Expenses$4,858$845$4,414$5,703
All Other Expenses$2,005-$273$2,278
Total Functional Expenses$34,449,199$1,212,457$1,779,557$37,441,213

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$37,441,213
Total Expenses per Audited Statements$37,441,213
Total Expenses per Form 990$37,441,213
International Activity

International Summary

Offices
3
Employees
298
Spending
$34,449,199

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-Saharan AfricaProgram ServicesTransfers to Poor3298$34,449,199
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

form 990, part VI, line 2:

“Michael Faye and Paul Niehaus share a business relationship.”

form 990, part VI, section B, line 11B:

“Qualified and authorized person shall review the annual form 990 return, prepared by its accountants, under the direction of the board. The return shall be presented to all board members for approval, either via e-mail or by paper copy, prior to its filing.”

form 990, part VI, section B, line 12C:

“Each director, principal and officer, shall annually review the conflicts of interest policy and disclose any known conflicts.”

form 990, part VI, section B, line 15B:

“The process for determining compensation of key employees includes a review and approval by the board, which includes reviewing the salaries of positions in companies of similar size.”

form 990, part VI, section C, line 19:

“The organization makes its governing documents, conflicts of interest policy, and financial statements available to the public upon written request. Form 990s are available on the website.”

Filing and Contact Details

Filer

Filer Name
GiveDirectly Inc
EIN
27-1661997
In Care Of
% MICHAEL WARD
Phone
6465044837
Address
PO BOX 3221, New York, NY 10008

Signing Officer

Name
Michael Faye
Title
Chair
Phone
9175836658
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Faye
Formed
2009
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
6
Employees
19
Volunteers
8

Preparer

Firm
Bdo USA Llp
Address
8401 GREENSBORO DRIVE 800, MCLEAN, VA 22102
Preparer
Marc Berger
Phone
7038930600
Supplemental Narrative

Financial Statement Notes

Fin 48 (asc 740) Footnote

“Schedule d, part x, line 2: u.s. Gaap requires management to evalutate uncertain tax positions that givedirectly takes. The financial statement effects of a tax position are recognized when the position is more-likely-than-not, based on the technical merits, to be sustained upon examination by the irs. Management has analyzed the tax positions taken by givedirectly, and has concluded that as of december 31, 2016 and 2015, there are no uncertain tax positions taken or expected to be taken. Givedirectly has recognized no interest or penalties related to uncertain tax positions. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for years prior to 2013.”

Raw XML AppendixShowing 400 of 657 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0GIVEDIRECTLY OFFERS A SERVICE ALLOWING OTHERS - GOVERNMENTS, FOUNDATIONS, INDIVIDUAL DONORS - TO PROVIDE DIRECT CASH TRANSFERS TO THE POOR. THE ORGANIZATION'S PROPRIETARY MODEL RE-ENGINEERS FIELDWORK FOR THE DIGITAL ERA, ALLOWING IT TO COMPLETE THESE TRANSFERS SECURELY, EFFICIENTLY AND TRANSPARENTLY. USING THE LATEST TECHNOLOGY AT EVERY STEP, GIVEDIRECTLY LOCATES RECIPIENTS, INTEGRATES THEM INTO ELECTRONIC PAYMENTS NETWORKS, AND MONITORS TRANSFERS END-TO-END. THE ORGANIZATION CHARGES DONORS THE FULL COST OF DELIVERING THIS SERVICE AND NOTHING MORE. SINCE 2009, GIVE DIRECTLY HAS REACHED APPROXIMATELY 64,031 HOUSEHOLDS IN KENYA, UGANDA, AND RWANDA. WE ENROLLED A TOTAL OF 31,170 HOUSEHOLDS THROUGH THE END OF 2016.
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IRS990/Form990PartVIISectionAGrp/TitleTxt5President
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
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IRS990/OccupancyGrp/ProgramServicesAmt085794
IRS990/OccupancyGrp/TotalAmt0191241
IRS990/OfficeExpensesGrp/FundraisingAmt01273
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05276
IRS990/OfficeExpensesGrp/ProgramServicesAmt095959
IRS990/OfficeExpensesGrp/TotalAmt0102508
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt034579
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt08878
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0251230
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0294687
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IRS990/OtherExpensesGrp/FundraisingAmt24414
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13726
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt26880
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3845
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IRS990/OtherExpensesGrp/ProgramServicesAmt2138399
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IRS990/OtherExpensesGrp/TotalAmt1427136
IRS990/OtherExpensesGrp/TotalAmt2149693
IRS990/OtherExpensesGrp/TotalAmt35703
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0131026
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IRS990/PYInvestmentIncomeAmt0259563
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IRS990/PYSalariesCompEmpBnftPaidAmt01200482
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IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
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Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$76,381,373
Liabilities
$10,663,431
Net assets
$65,717,942
Revenue
$47,321,209
Expenses
$37,441,213
Net income
$9,879,996
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$246$44.0$202$207$130$76.4
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$203$79.8$123$140$130$10.1
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$240$126$114$176$261$85.6
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$269$66.9$202$254$197$57.2
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$184$41.3$143$306$230$76.7
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$87.9$22.0$66.0$45.2$44.6$0.61
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$87.1$22.2$64.8$55.1$69.0$13.9
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$84.7$5.94$78.8$51.5$38.5$13.0
2016Detailed filing. Detailed filing data is available for this year.$76.4$10.7$65.7$47.3$37.4$9.88
2015Detailed filing. Detailed filing data is available for this year.$62.7$7.66$55.1$51.2$16.8$34.4
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.41$1.27$3.14$2.47
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.15$0.18$0.53
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • $50M-$100M nonprofits