Civic Intelligence

Givedirectly Inc.

990 • Fiscal year 2018 • EIN 27-1661997

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

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

47th percentile

0.26x

Higher debt load relative to assets than 47% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

52nd percentile

0.40x

Higher debt load relative to revenue than 52% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Net Margin

7th percentile

-25%

Higher net margin than 7% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

26th percentile

$221,157

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Asset Growth

50th percentile

2.8%

Faster asset growth than 50% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

57th percentile

7.1%

Faster revenue growth than 57% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets47th percentile

Assets

Up

$87,072,544

Up $2,361,896 (+2.8%) from 2017

Net Assets

Down

$64,842,960

Down $13,931,671 (-18%) from 2017

Liabilities

Up

$22,229,584

Up $16,293,567 (+274%) from 2017

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin7th percentile

Revenue

Up

$55,132,520

Up $3,655,513 (+7.1%) from 2017

Expenses

Up

$69,036,299

Up $30,521,064 (+79%) from 2017

Net Income

Down

-$13,903,779

Down $26,865,551 (-207%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth50th 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

2018

Assets$87,072,544
Liabilities$22,229,584
Net Assets$64,842,960
Open 2018 Filing

Operations Trend

Revenue Growth57th 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

2018

Revenue$55,132,520
Expenses$69,036,299
Net Income-$13,903,779
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$61,813,125
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.

The organization's mission is to reduce poverty by providing assistance directly to those in need.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$4,758,032$34,421,566▲ $29,663,534
Savings and Temporary Cash Investments$55,581,841$31,690,363▼ $23,891,478
Cash and Non-Interest-Bearing Accounts$11,881,306$11,805,754▼ $75,552
Pledges and Grants Receivable$8,814,318$6,578,819▼ $2,235,499
Investments in Publicly Traded Securities$2,961,672$1,285,081▼ $1,676,591
Accounts Receivable$42,145$619,939▲ $577,794
Prepaid Expenses and Deferred Charges$258,613$313,885▲ $55,272
Inventories for Sale or Use$132,680$86,220▼ $46,460
Land, Buildings, and Equipment, Net$77,140$85,637▲ $8,497
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$84,710,648$87,072,544▲ $2,361,896
Other Assets Total$202,901$185,280▼ $17,621
Liabilities
Grants Payable$5,494,025$21,865,286▲ $16,371,261
Accounts Payable and Accrued Expenses$313,470$277,270▼ $36,200
Other Liabilities$128,522$87,028▼ $41,494
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$5,936,017$22,229,584▲ $16,293,567
Net Assets / Fund Balance
Unrestricted Net Assets$55,325,136$54,108,525▼ $1,216,611
Temporarily Rstr Net Assets$23,449,495$10,734,435▼ $12,715,060
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$78,774,631$64,842,960▼ $13,931,671
Total Liabilities and Net Assets / Fund Balance$84,710,648$87,072,544▲ $2,361,896

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$55,063$39,563$94,626
Equipment$30,574$23,428$54,002
Other Securities$1,557,322--
Compensation and Service Providers
Top Officer Pay26th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Piali MukhopadhyayCOO - InternationalFT$213,531$7,626$221,157
Joseph HustonCFOFT$185,715$4,224$189,939
Eric FriedmanCountry DirectorFT$173,835$8,124$181,959
Isobel ColemanCOO - DomesticFT$150,829-$150,829
Meylakh BarshayTechnology ManagerFT$143,141$7,626$150,767

Board Members and Trustees

NameTitle
Paul NiehausChair
Michael FayePresident
Aly JeddyDirector
Jacqueline FullerDirector
Bill MeehanDirector (until 11/28/18)
Rohit WanchooTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Segovia TechnologyPayment Software Srv33 IRVING PLACE FLOOR 7, New York, NY 10003$656,292
BdoAcct & Tax Srvcs8401 Greensboro Dr Ste 800, Mclean, VA 22102$230,529
Revenue and Support

Revenue Composition

Contributions and Grants
$52,904,845
Program Service Revenue
$0
Investment Income
$1,526,763
Other Revenue
$700,912
All Other Contributions
$50,269,052
Change in Net Assets
$-13,903,779

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
Other Non Cash Contri Table2$10,558,726Market Price
Securities Publicly Traded58$4,015,563Market Price
Total Noncash Contributions60$14,574,289-

Audited Revenue Reconciliation

Revenue per Audited Statements
$55,132,520
Revenue Not Reported on Form 990
$284,974
Total Revenue per Audited Statements
$55,417,494
Total Revenue per Form 990
$55,132,520
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$59,805,465
Salaries, Compensation, and Employee Benefits$4,871,220
Other Expenses$4,359,614
Total Fundraising Expense$1,870,448
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$53,175,948--$53,175,948
Grants to Domestic Individuals$6,029,517--$6,029,517
Other Salaries and Wages$2,172,754$176,210$1,046,172$3,395,136
Travel$748,225$43,875$104,436$896,536
Information Technology$542,189$126,036$131,342$799,567
Grants to Domestic Orgs$600,000--$600,000
Current Officers, Directors, Trustees, and Key Employees$359,610$29,164$173,151$561,925
Other Employee Benefits$387,829$39,514$94,962$522,305
Office Expenses$331,125$87,757$8,969$427,851
Payroll Taxes$236,756$12,897$105,725$355,378
Fees for Services Accounting$9,898$306,474-$316,372
Occupancy$177,620$136,953-$314,573
Fees for Services Other$240,186$13,197$35,540$288,923
Other Expenses$212,199$6,005$7$218,211
Fees for Services Legal$63,012$50,256$731$113,999
Insurance$5,017$31,732-$36,749
Pension Plan Contributions-$36,476-$36,476
Depreciation Depletion$22,977$2,401$1,360$26,738
Total Functional Expenses$66,054,141$1,111,710$1,870,448$69,036,299

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$69,349,165
Expenses per Audited Statements$69,036,299
Total Expenses per Form 990$69,036,299
Expenses Not Reported on Form 990$312,866
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Innovations for Poverty ActionNew Haven, CT501(c)(3)Poverty Assist$600,000

International Summary

Offices
6
Employees
201
Spending
$56,992,223

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 ServicesSee Part V6201$56,992,223
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Parties$87,028
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
Yes
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:

“Two members of the board, michael faye and paul niehaus, are also co-founders and directors of segovia technology co.”

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 15A & 15B:

“The process for determining compensation of top management included a review by the treasurer and the rest of the board, of the salaries of ceo's at organizations of similar size. The process for determining compensation of key employees includes a review and approval by the board, which includes reviewing the salaries of positions in organizations 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. Financial statements and form 990s are available on the website.”

Filing and Contact Details

Filer

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

Signing Officer

Name
Michael Faye
Title
President
Phone
9175836658
Signed
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Faye
Formed
2009
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
Employees
25
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 evaluate 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, 2018 and 2017, 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 2015.”

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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 TECHNOLOLGY 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 MORE THAN 100,000 HOUSEHOLDS IN NEED ACROSS 6 COUNTRIES IN AFRICA AND THE UNITED STATES.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt67626
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt74224
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt98124
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt107626
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IRS990/Form990PartVIISectionAGrp/PersonNm1Rohit Wanchoo
IRS990/Form990PartVIISectionAGrp/PersonNm2Bill Meehan
IRS990/Form990PartVIISectionAGrp/PersonNm3Jacqueline Fuller
IRS990/Form990PartVIISectionAGrp/PersonNm4Aly Jeddy
IRS990/Form990PartVIISectionAGrp/PersonNm5Paul Niehaus
IRS990/Form990PartVIISectionAGrp/PersonNm6Piali Mukhopadhyay
IRS990/Form990PartVIISectionAGrp/PersonNm7Joseph Huston
IRS990/Form990PartVIISectionAGrp/PersonNm8Isobel Coleman
IRS990/Form990PartVIISectionAGrp/PersonNm9Eric Friedman
IRS990/Form990PartVIISectionAGrp/PersonNm10Meylakh Barshay
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7185715
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8150829
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9173835
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10143141
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director (until 11/28/18)
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt6COO - International
IRS990/Form990PartVIISectionAGrp/TitleTxt7CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt8COO - DOMESTIC
IRS990/Form990PartVIISectionAGrp/TitleTxt9Country Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Technology Manager
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
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IRS990/FundraisingGrossIncomeAmt00
IRS990/GainOrLossGrp/SecuritiesAmt0-176544
IRS990/GamingActivitiesInd0false
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IRS990/GamingGrossIncomeAmt00
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IRS990/GrantAmt059805465
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IRS990/GrantsPayableGrp/EOYAmt021865286
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IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0600000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0600000
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IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt06504061
IRS990/GrossReceiptsAmt061813125
IRS990/GrossSalesOfInventoryAmt00
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IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartVInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0131342
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0126036
IRS990/InformationTechnologyGrp/ProgramServicesAmt0542189
IRS990/InformationTechnologyGrp/TotalAmt0799567
IRS990/InsuranceGrp/ManagementAndGeneralAmt031732
IRS990/InsuranceGrp/ProgramServicesAmt05017
IRS990/InsuranceGrp/TotalAmt036749
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0132680
IRS990/InventoriesForSaleOrUseGrp/EOYAmt086220
IRS990/InvestmentIncomeGrp/ExclusionAmt01703307
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01703307
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt04758032
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt034421566
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02961672
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01285081
IRS990/IRPDocumentCnt021
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt062991
IRS990/LandBldgEquipBasisNetGrp/BOYAmt077140
IRS990/LandBldgEquipBasisNetGrp/EOYAmt085637
IRS990/LandBldgEquipCostOrOtherBssAmt0148628
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt06680605
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE ORGANIZATION'S MISSION IS TO REDUCE POVERTY BY PROVIDING FINANCIAL ASSISTANCE DIRECTLY TO THOSE IN NEED.
IRS990/MoreThan5000KToIndividualsInd0true
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt078774631
IRS990/NetAssetsOrFundBalancesEOYAmt064842960
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-176544
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-176544
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt04897
IRS990/NetUnrlzdGainsLossesInvstAmt0-27892
IRS990/NoncashContributionsAmt014574289
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0136953
IRS990/OccupancyGrp/ProgramServicesAmt0177620
IRS990/OccupancyGrp/TotalAmt0314573
IRS990/OfficeExpensesGrp/FundraisingAmt08969
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt087757
IRS990/OfficeExpensesGrp/ProgramServicesAmt0331125
IRS990/OfficeExpensesGrp/TotalAmt0427851
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0202901
IRS990/OtherAssetsTotalGrp/EOYAmt0185280
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt094962
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt039514
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0387829
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0522305
IRS990/OtherExpensesGrp/Desc0MOBILE MONEY AND BANKING
IRS990/OtherExpensesGrp/Desc1EQUIPMENT
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt0161111
IRS990/OtherExpensesGrp/FundraisingAmt16942
IRS990/OtherExpensesGrp/FundraisingAmt27
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010721
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12042
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt26005
IRS990/OtherExpensesGrp/ProgramServicesAmt0661463
IRS990/OtherExpensesGrp/ProgramServicesAmt177816
IRS990/OtherExpensesGrp/ProgramServicesAmt2212199
IRS990/OtherExpensesGrp/TotalAmt0833295
IRS990/OtherExpensesGrp/TotalAmt186800
IRS990/OtherExpensesGrp/TotalAmt2218211
IRS990/OtherLiabilitiesGrp/BOYAmt0128522
IRS990/OtherLiabilitiesGrp/EOYAmt087028
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0FOREIGN EXCHANGE GAIN
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt0699082
IRS990/OtherRevenueMiscGrp/ExclusionAmt11830
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0699082
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11830
IRS990/OtherRevenueTotalAmt0700912
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt01046172
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0176210
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02172754
IRS990/OtherSalariesAndWagesGrp/TotalAmt03395136
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0105725
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012897
IRS990/PayrollTaxesGrp/ProgramServicesAmt0236756
IRS990/PayrollTaxesGrp/TotalAmt0355378
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt036476
IRS990/PensionPlanContributionsGrp/TotalAmt036476
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt08814318
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt06578819
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0258613
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0313885
IRS990/PrincipalOfficerNm0Michael Faye
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt050505598
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt030700241
IRS990/PYInvestmentIncomeAmt0526530
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt03545664
IRS990/PYOtherRevenueAmt0444879
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt012961772
IRS990/PYSalariesCompEmpBnftPaidAmt04269330
IRS990/PYTotalExpensesAmt038515235
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt051477007
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-13903779
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$87,072,544
Liabilities
$22,229,584
Net assets
$64,842,960
Revenue
$55,132,520
Expenses
$69,036,299
Net income
-$13,903,779
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
2018Detailed filing. Detailed filing data is available for this year.$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
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$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