Form 990, Part VI, Section B, Line 11B
“The prepared form 990 will be reviewed by the leadership/executive team of the organization's parent organization before the return is filed with the irs.”
Global Innovation Fund
990 • Fiscal year 2017 • EIN 47-4045086
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Balance Sheet
Assets
Flat$109,017
Flat from 2017
Net Assets
Flat$0
Flat from 2017
Liabilities
Flat$109,017
Flat from 2017
Revenue And Expenses
Revenue
Flat$1,202,047
Flat from 2017
Expenses
Flat$1,202,047
Flat from 2017
Net Income
Flat$0
Flat from 2017
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2017 to Dec 31, 2017
- Signed
- Mar 14, 2018
- Return Version
- 2017v2.2
- Gross Receipts
- $1,202,047
Mission and Program Overview
Mission
The global innovation fund aims to support innovations that will improve lives for hundreds of millions of people across multiple developing countries. Innovation has already had a very significant impact upon the lives of millions in developing countries. Whilst many innovations originally created for developed countries have had a very significant impact in developing countries, developing countries frequently face unique challenges requiring solutions which meet their specific needs and circumstances.
The global innovation fund invests in social innovations that aim to improve the lives and opportunities of millions of people in the developing world.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $64,507 | $76,790 | ▲ $12,283 |
| Prepaid Expenses and Deferred Charges | $500 | $16,462 | ▲ $15,962 |
| Accounts Receivable | $530 | $240 | ▼ $290 |
| Total Assets | $81,062 | $109,017 | ▲ $27,955 |
| Other Assets Total | $15,525 | $15,525 | → $0 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $31,842 | $78,847 | ▲ $47,005 |
| Deferred Revenue | $49,220 | $30,170 | ▼ $19,050 |
| Total Liabilities | $81,062 | $109,017 | ▲ $27,955 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $0 | $0 | → $0 |
| Total Liabilities and Net Assets / Fund Balance | $81,062 | $109,017 | ▲ $27,955 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Assets Org | $15,525 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Eric Berkowitz | Senior Partner and US Country Lead | FT | $164,820 | $33,035 | $197,855 |
| Michael Eddy | Vice President Analytics | FT | $143,007 | $19,291 | $162,298 |
| Genevieve Reyes Llamzon | Senior Legal Counsel | FT | $118,470 | $17,855 | $136,325 |
| Rakesh Apte | Investment Director | FT | $109,665 | $18,269 | $127,934 |
Board Members and Trustees
| Name | Title |
|---|---|
| Russell Siegelman | Chairman |
| Carolina Trivelli | Director |
| Kanini Mutooni | Director |
| Michael Anderson | Director |
| Michael Kremer | Director |
| Sal Giambanco | Director |
| Stefan Dercon | Director |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $1,202,047
- Program Service Revenue
- $0
- Investment Income
- $0
- Other Revenue
- $0
- Change in Net Assets
- $0
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $1,202,047
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $45,000
- Total Revenue per Audited Statements
- $1,247,047
- Total Revenue per Form 990
- $1,202,047
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $856,789 |
| Other Expenses | $345,258 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $508,033 | - | - | $508,033 |
| Current Officers, Directors, Trustees, and Key Employees | $197,855 | - | - | $197,855 |
| Fees for Services Other | $117,000 | $12,318 | - | $129,318 |
| Occupancy | $120,267 | - | - | $120,267 |
| Pension Plan Contributions | $56,085 | - | - | $56,085 |
| Travel | $52,379 | - | - | $52,379 |
| Payroll Taxes | $51,590 | - | - | $51,590 |
| Other Employee Benefits | $43,226 | - | - | $43,226 |
| Office Expenses | $12,462 | - | - | $12,462 |
| Fees for Services Accounting | - | $10,684 | - | $10,684 |
| Conferences and Meetings | $9,909 | - | - | $9,909 |
| Information Technology | $4,464 | - | - | $4,464 |
| Other Expenses | - | $3,119 | - | $3,119 |
| Insurance | $1,708 | - | - | $1,708 |
| Fees for Services Legal | - | $862 | - | $862 |
| All Other Expenses | $86 | - | - | $86 |
| Total Functional Expenses | $1,175,064 | $26,983 | $0 | $1,202,047 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $1,247,047 |
| Expenses per Audited Statements | $1,202,047 |
| Total Expenses per Form 990 | $1,202,047 |
| Expenses Not Reported on Form 990 | $45,000 |
| Expenses Not Reported on Financial Statements | $0 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- 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
- No
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- Yes
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section B, Line 12C
“If the governing body or a committee determines that a covered person has a financial interest, then, if appropriate to protect the interests of the organization, the chairperson or a majority of the disinterested directors shall appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising reasonable due diligence, the disinterested directors or committee shall determine whether the organization could obtain a more advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest and if a more advantageous transaction or arrangement is not reasonably attainable, the governing body or committee shall determine by a majority vote of the disinterested members whether the transaction or arrangement is in the organization's best interests and for its own benefit and whether the transaction is fair and reasonable to the organization and shall decide as to whether to enter into the transaction or arrangement in conformity with such determination. If the chairperson or a majority of the disinterested directors determine that it is not necessary to investigate alternatives to the proposed transaction or arrangement to protect the interests of the organization, the governing body or committee shall determine the extent to which such covered person shall recuse himself or herself from further involvement in the proposed transaction or arrangement.”
Form 990, Part VI, Section C, Line 19
“The organization made its governing documents, conflict of interest policy, and financial statements available to the public upon request.”
Filing and Contact Details
Filer
- Filer Name
- Global Innovation Fund
- EIN
- 47-4045086
- Phone
- 2028174579
- Address
- 1875 K ST NW NO 516, WASHINGTON, DC 20006-1238
Signing Officer
- Name
- Gideon Sher
- Title
- Group Financial Controller
- Phone
- 2028174579
- Signed
- 2018-03-14
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Gideon Sher
- Formed
- 2015
- Legal Domicile
- Dc
- Voting Board Members
- 7
- Independent Board Members
- 7
- Employees
- 6
- Volunteers
- 7
Preparer
- Firm
- Wegner Cpas Llp
- Address
- 400 N WASHINGTON ST, ALEXANDRIA, VA 22314-2366
- Preparer
- Glenn Miller CPA
- Phone
- 7035190990
Supplemental Narrative
Additional Explanations
Form 990, Part IX, Line 11G
“Strategic consulting fees: program service expenses 117,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 117,000. Human resources consulting fees: program service expenses 0. Management and general expenses 2,318. Fundraising expenses 0. Total expenses 2,318. Communication consulting fees: program service expenses 0. Management and general expenses 10,000. Fundraising expenses 0. Total expenses 10,000.”
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| IRS990/Desc | 0 | THE GLOBAL INNOVATION FUND (GIF) WORKS TO SUPPORT INNOVATIONS THAT WILL IMPROVE LIVES FOR HUNDREDS OF MILLIONS OF PEOPLE ACROSS MULTIPLE DEVELOPING COUNTRIES. GIF DEFINES "INNOVATION" BROADLY: ANY SOLUTION TO A DEVELOPMENTAL CHALLENGE THAT HAS THE POTENTIAL TO IMPROVE THE LIVES OF THE POOR IN DEVELOPING COUNTRIES MORE EFFECTIVELY THAN EXISTING APPROACHES. THIS COULD, FOR EXAMPLE, INCLUDE THE DEVELOPMENT OF NEW PRODUCTS, SERVICES, BUSINESS MODELS, OR POLICY PRACTICES THAT BENEFIT POOR AND VULNERABLE COMMUNITIES OR THE DEVELOPMENT OF NEW WAYS TO DELIVER OR TO ADAPT EXISTING PRODUCTS, SERVICES, BUSINESS MODELS, OR POLICY PRACTICES IN ORDER TO ENSURE THAT THEY BECOME MORE EFFECTIVE AT REACHING THE POOR. THERE ARE HIGH COSTS IN DEVELOPING AND BRINGING AN INNOVATION TO SCALE YET SUCCESSFUL INNOVATORS TYPICALLY ONLY CAPTURE A SMALL FRACTION OF THE BENEFITS OF THEIR WORK. THIS IS PARTICULARLY SO IN THE CONTEXT OF INNOVATION FOR THE BENEFIT OF THE POOR IN DEVELOPING COUNTRIES. THIS RESULTS IN MARKET FAILURE AS POTENTIAL INNOVATORS ARE NOT INCENTIVIZED TO MAKE SOCIALLY BENEFICIAL INVESTMENTS LEADING TO UNDERINVESTMENT. THIS LIMITS INNOVATION BY BOTH THE PRIVATE AND THE PUBLIC SECTOR. IN THE PRIVATE SECTOR, INNOVATORS CANNOT CAPTURE ALL INVESTMENT RETURNS AS SUCCESSFUL INNOVATIONS OFTEN INVITE EARLY IMITATION BY COMPETITORS WHILST THEIR DEVELOPMENT IS OFTEN TIME CONSUMING, RISKY AND EXPENSIVE--THIS CAN DISCOURAGE INVESTMENT OUTRIGHT. IN THE PUBLIC SECTOR, THERE IS EVEN LESS RETURN TO THE INNOVATION INVESTOR. INNOVATION DEVELOPERS MAY FIND THEMSELVES BLAMED FOR FAILURES THAT ARE LIKELY TO ARISE AND CANNOT CAPTURE ANY FORM OF MARKET RETURN. SUCH MARKET FAILURE PROVIDES A KEY IMPERATIVE FOR THE PUBLICLY FUNDED SUPPORT FOR INNOVATION WHICH IS DIRECTED AT THE PROBLEMS AFFECTING THE WORLD'S POOREST. |
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| IRS990/MissionDesc | 0 | THE GLOBAL INNOVATION FUND AIMS TO SUPPORT INNOVATIONS THAT WILL IMPROVE LIVES FOR HUNDREDS OF MILLIONS OF PEOPLE ACROSS MULTIPLE DEVELOPING COUNTRIES. INNOVATION HAS ALREADY HAD A VERY SIGNIFICANT IMPACT UPON THE LIVES OF MILLIONS IN DEVELOPING COUNTRIES. WHILST MANY INNOVATIONS ORIGINALLY CREATED FOR DEVELOPED COUNTRIES HAVE HAD A VERY SIGNIFICANT IMPACT IN DEVELOPING COUNTRIES, DEVELOPING COUNTRIES FREQUENTLY FACE UNIQUE CHALLENGES REQUIRING SOLUTIONS WHICH MEET THEIR SPECIFIC NEEDS AND CIRCUMSTANCES. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 0 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 120267 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 120267 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 12462 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 12462 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 15525 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 15525 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 43226 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 43226 |
| IRS990/OtherExpensesGrp/Desc | 0 | RELOCATION COSTS |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 3119 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 3119 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 508033 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 508033 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 51590 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 51590 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 56085 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 56085 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 500 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 16462 |
| IRS990/PrincipalOfficerNm | 0 | GIDEON SHER |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 798646 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 214330 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 0 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 584316 |
| IRS990/PYTotalExpensesAmt | 0 | 798646 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 798646 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 0 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/RelatedOrganizationsAmt | 0 | 1202047 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 1202047 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 798646 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 364171 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 2364864 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 2364864 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 1202047 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 798646 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 364171 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 2364864 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 2364864 |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/DonatedServicesAndUseFcltsAmt | 0 | 45000 |
| IRS990ScheduleD/DonatedServicesUseFcltsAmt | 0 | 45000 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 45000 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 1202047 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 15525 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | SECURITY DEPOSIT |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 45000 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 1202047 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 0 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 15525 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 1202047 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 1202047 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 1247047 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 1247047 |
| IRS990ScheduleJ/AnyNonFixedPaymentsInd | 0 | 0 |
| IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd | 0 | 0 |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | 0 |
| IRS990ScheduleJ/InitialContractExceptionInd | 0 | 0 |
| IRS990/ScheduleJRequiredInd | 0 | 1 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 164820 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 1 | 143007 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 0 | 11906 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 1 | 14341 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 0 | 21129 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 1 | 4950 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | ERIC BERKOWITZ |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 1 | MICHAEL EDDY |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | SENIOR PARTNER AND US COUNTRY LEAD |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 1 | VICE PRESIDENT ANALYTICS |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 0 | 197855 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 1 | 162298 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 1 | 0 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | 0 |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE PREPARED FORM 990 WILL BE REVIEWED BY THE LEADERSHIP/EXECUTIVE TEAM OF THE ORGANIZATION'S PARENT ORGANIZATION BEFORE THE RETURN IS FILED WITH THE IRS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | IF THE GOVERNING BODY OR A COMMITTEE DETERMINES THAT A COVERED PERSON HAS A FINANCIAL INTEREST, THEN, IF APPROPRIATE TO PROTECT THE INTERESTS OF THE ORGANIZATION, THE CHAIRPERSON OR A MAJORITY OF THE DISINTERESTED DIRECTORS SHALL APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING REASONABLE DUE DILIGENCE, THE DISINTERESTED DIRECTORS OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION COULD OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST AND IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE, THE GOVERNING BODY OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED MEMBERS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTERESTS AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE ORGANIZATION AND SHALL DECIDE AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. IF THE CHAIRPERSON OR A MAJORITY OF THE DISINTERESTED DIRECTORS DETERMINE THAT IT IS NOT NECESSARY TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT TO PROTECT THE INTERESTS OF THE ORGANIZATION, THE GOVERNING BODY OR COMMITTEE SHALL DETERMINE THE EXTENT TO WHICH SUCH COVERED PERSON SHALL RECUSE HIMSELF OR HERSELF FROM FURTHER INVOLVEMENT IN THE PROPOSED TRANSACTION OR ARRANGEMENT. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE ORGANIZATION MADE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | STRATEGIC CONSULTING FEES: PROGRAM SERVICE EXPENSES 117,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 117,000. HUMAN RESOURCES CONSULTING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,318. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,318. COMMUNICATION CONSULTING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 10,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,000. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART IX, LINE 11G |
| IRS990ScheduleR/AssetExchangeInd | 0 | 0 |
| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | 1 |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd | 0 | N/A |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 0 | GLOBAL INNOVATION FUND |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 0 | 501(C)(3) |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ForeignAddress/AddressLine1Txt | 0 | 68-80 HANBURY ST |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ForeignAddress/CityNm | 0 | LONDON |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ForeignAddress/CountryCd | 0 | UK |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ForeignAddress/ForeignPostalCd | 0 | E1 5JL |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileForeignCountryCd | 0 | UK |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 0 | PHILANTHROPY |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt | 0 | LINE 7 |
| IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/PaidEmployeesSharingInd | 0 | 0 |
| IRS990ScheduleR/PerformOfServicesByOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/PerformOfServicesForOthOrgInd | 0 | 0 |
| IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd | 0 | 0 |
| IRS990ScheduleR/ReimbursementPaidByOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/ReimbursementPaidToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/RentalOfFcltsFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/SharingOfFacilitiesInd | 0 | 0 |
| IRS990ScheduleR/TransferFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/TransferToOtherOrgInd | 0 | 0 |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 81062 |
| IRS990/TotalAssetsEOYAmt | 0 | 109017 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 81062 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 109017 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 1 |
| IRS990/TotalContributionsAmt | 0 | 1202047 |
| IRS990/TotalEmployeeCnt | 0 | 6 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 26983 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 1175064 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 1202047 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 81062 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 109017 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 81062 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 109017 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 0 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 0 |
| IRS990/TotalOtherCompensationAmt | 0 | 88450 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2017 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $109,017
- Liabilities
- $109,017
- Net assets
- $0
- Revenue
- $1,202,047
- Expenses
- $1,202,047
- Net income
- $0