Civic Intelligence

Dalberg Charitable

990 • Fiscal year 2021 • EIN 81-2108637

Jan 01, 2021 to Dec 31, 2021 • Filed on Jul 15, 2022

1401 K St NW 900Washington, DC 20005

(202) 800-9104

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.14x

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.20x

Higher debt load relative to revenue than 56% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

71st percentile

27%

Higher net margin than 71% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

88th percentile

$283,162

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

81st percentile

30%

Faster asset growth than 81% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

8th percentile

-33%

Faster revenue growth than 8% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Up

$9,274,469

Up $2,153,322 (+30%) from 2020

Net Assets

Up

$7,989,075

Up $1,613,582 (+25%) from 2020

Liabilities

Up

$1,285,394

Up $539,740 (+72%) from 2020

Revenue

Down

$6,351,402

Down $3,195,790 (-33%) from 2020

Expenses

Up

$4,665,671

Up $985,602 (+27%) from 2020

Net Income

Down

$1,685,731

Down $4,181,392 (-71%) from 2020

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2017: $57,589Liabilities 2017: $0Net Assets 2017: $57,5892017Assets 2018: $193,909Liabilities 2018: $0Net Assets 2018: $193,9092018Assets 2019: $1,060,462Liabilities 2019: $527,948Net Assets 2019: $532,5142019Assets 2020: $7,121,147Liabilities 2020: $745,654Net Assets 2020: $6,375,4932020Assets 2021: $9,274,469Liabilities 2021: $1,285,394Net Assets 2021: $7,989,0752021Assets 2022: $10,946,240Liabilities 2022: $1,746,800Net Assets 2022: $9,199,4402022Assets 2023: $10,684,232Liabilities 2023: $1,550,853Net Assets 2023: $9,133,3792023Assets 2024: $7,139,919Liabilities 2024: $661,754Net Assets 2024: $6,478,1652024

Highlighted filing

2021

Assets$9,274,469
Liabilities$1,285,394
Net Assets$7,989,075

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2017: $297,000Expenses 2017: $239,446Net Income 2017: $57,5542017Revenue 2018: $792,774Expenses 2018: $656,454Net Income 2018: $136,3202018Revenue 2019: $382,000Expenses 2019: $576,332Net Income 2019: -$194,3322019Revenue 2020: $9,547,192Expenses 2020: $3,680,069Net Income 2020: $5,867,1232020Revenue 2021: $6,351,402Expenses 2021: $4,665,671Net Income 2021: $1,685,7312021Revenue 2022: $11,117,088Expenses 2022: $9,829,659Net Income 2022: $1,287,4292022Revenue 2023: $8,714,154Expenses 2023: $8,700,923Net Income 2023: $13,2312023Revenue 2024: $5,985,311Expenses 2024: $8,605,086Net Income 2024: -$2,619,7752024

Highlighted filing

2021

Revenue$6,351,402
Expenses$4,665,671
Net Income$1,685,731
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jul 15, 2022
Return Version
2021v4.2
Gross Receipts
$6,351,402
Mission and Program Overview

Mission

Provides support to the weak and disadvantaged people in need all over the world through the promotion of international development by generating and identifying new ideas and facilitating their implementation.

Dalberg Catalyst exists to co-create and actively accelerate systems solutions that have a tangible and durable impact on the pressing societal and planetary challenges of our time.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,663,984$7,319,598▲ $3,655,614
Pledges and Grants Receivable$3,151,970$1,295,678▼ $1,856,292
Prepaid Expenses and Deferred Charges$305,193$631,934▲ $326,741
Intangible Assets$0$27,259▲ $27,259
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
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
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$7,121,147$9,274,469▲ $2,153,322
Other Assets Total$0$0→ $0
Liabilities
Grants Payable$524,156$1,040,476▲ $516,320
Accounts Payable and Accrued Expenses$83,610$189,763▲ $106,153
Deferred Revenue$137,888$55,155▼ $82,733
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$745,654$1,285,394▲ $539,740
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,516,341$7,686,869▲ $1,170,528
Net Assets Without Donor Restrictions$-140,848$302,206▲ $443,054
Total Net Assets Fund Balance$6,375,493$7,989,075▲ $1,613,582
Total Liabilities and Net Assets / Fund Balance$7,121,147$9,274,469▲ $2,153,322
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sonila CookPresident/CEOFT$259,777$23,385$283,162
Bhavana ChilukuriDirector of Programs (thru 09/21)FT$76,081$5,936$82,017
Leslie ParkGeneral Counsel/secretaryPT$42,707$4,095$46,802
Richard RyanChief Financial OfficerPT$27,735-$27,735

Board Members and Trustees

NameTitle
Henrik SkovbyChairman of Board
Dan TuttleDirector and Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Dalberg SAUstrategy implementat-$571,057
Dalberg Consulting CCstrategy implementat44 Farnsworth Street, Boston, MA 02210-1211$530,415
Dalberg Consulting USLLCstrategy implementat155 W 23rd St, New York, NY 10011, Sg$455,073
DImplement Incstrategy implementat508 Main St, Wilmington, DE 19804, Sf$345,324
JSI Research and TrainingTechnical-$262,324
Revenue and Support

Revenue Composition

Contributions and Grants
$6,265,324
Program Service Revenue
$86,078
Investment Income
$0
Other Revenue
$0
All Other Contributions
$6,015,344
Change in Net Assets
$1,685,731

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,351,402
Total Revenue per Audited Statements
$6,351,402
Total Revenue per Form 990
$6,351,402
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,963,114
Grants and Similar Amounts Paid$1,176,046
Salaries, Compensation, and Employee Benefits$526,511
Total Fundraising Expense$16,143
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$2,858,362$1,533$241$2,860,136
Grants to Domestic Orgs$737,251--$737,251
Foreign Grants$438,795--$438,795
Current Officers, Directors, Trustees, and Key Employees$254,919$167,359$14,158$436,436
Other Salaries and Wages$36,561$19,831$750$57,142
Travel$46,017--$46,017
Payroll Taxes$19,821$12,118$994$32,933
Fees for Services Accounting-$28,855-$28,855
Insurance-$11,840-$11,840
Depreciation Depletion-$5,452-$5,452
Occupancy-$4,800-$4,800
Office Expenses-$4,170-$4,170
Fees for Services Legal-$1,608-$1,608
Information Technology-$218-$218
Interest-$18-$18
Total Functional Expenses$4,391,726$257,802$16,143$4,665,671

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,737,820
Expenses per Audited Statements$4,665,671
Total Expenses per Form 990$4,665,671
Expenses Not Reported on Form 990$72,149
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Nature ConservancyArlington, VA501(c)(3)Clmiate Smart Forest Economy Project$536,951
World ResourcesWashington, DC501(c)(3)Clmiate Smart Forest Economy Project$120,300
Pres & Fellow of HarvardCambridge, MA501(c)(3)Preventing Pandemics at the Source$50,000
The Earth GenomeLos Altos, CA501(c)(3)sharing strategies$30,000

International Summary

Offices
0
Employees
2
Spending
$438,795

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
Europe (Including Iceland and Greenland)Grantmaking-01$352,762
Central America and the CaribbeanGrantmaking-00$55,283
South AsiaGrantmaking-00$29,250
Sub-Saharan AfricaGrantmaking-01$1,500
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
D Implement IncORGANIZATION CHAIR BOARD MEMBER IS A MORE THAN 35% OWNER OF D. IMPLEMENT INC.See Supplemental InformationNo$345,324

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 35% controlled entity
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, SECTION B, LINE 11B:

The ceo, director of incubation operations and strategy, and general counsel review and approve the organization's draft irs form 990. Before filing with the irs, the ceo sends the form 990 to the board for its review.

FORM 990, PART VI, SECTION B, LINE 12C:

The organization maintains a board-adopted conflict of interest policy that requires officers and directors to disclose any transactions or arrangements involving an actual or possible conflict of interest. Officers or directors who have an actual or potential conflict of interest must recuse themselves from any board discussion or vote on such proposed arrangement or transaction.

Form 990, Part VI, Section C, Line 19

Made available upon request.

FORM 990, PART VII, COMPENSATION OF OFFICERS:

In a purely administrative arrangement, Dalberg Advisors administers a portion of the CEO's salary, and is fully reimbursed by Dalberg Catalyst for this payment. The CEO currently receives healthcare insurance through Dalberg Advisors, which is also fully reimbursed by Dalberg Catalyst. Dalberg Catalyst pays an administrative fee to Dalberg Advisors for handling of payroll and healthcare.

Form 990, Part VI, Section B Line 15

The Organization's Board members reviewed compensation benchmarks based on the compensation information from Form 990s of organizations operating in the same sector, and of comparable size and complexity. Per those benchmarks, the Board members (other than the CEO) unanimously agreed that the compensation of the current CEO and CFO was reasonable and appropriate for their roles and the size of Dalberg Catalyst.

Filing and Contact Details

Filer

Filer Name
Dalberg Catalyst
EIN
81-2108637
In Care Of
% LESLIE PARK SECRETARY
Phone
2028009104
Address
1401 K ST NW 900, Washington, DC 20005

Signing Officer

Name
Sonila Cook
Title
President & CEO
Phone
2028009104
Signed
2022-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sonila Cook
Formed
2016
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
1
Employees
4
Volunteers
2

Preparer

Firm
WithumSmithBrown PC
Address
ONE TOWER CENTER BLVD 14TH FL, EAST BRUNSWICK, NJ 08816
Preparer
Israel Tannenbaum
Phone
7328281614
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

Dalberg Catalyst exists to co-create and actively accelerate systems solutions that have a tangible and durable impact on the pressing societal and planetary challenges of our time.

Form 990, Part XI, Line 9, Other Changes in Net Assets or Fund Balances

Foreign currency transaction loss 72,149

Form 990, Part III, Line 4C

Preventing Pandemics at the Source: Dalberg Catalyst designed and launched the Preventing Pandemics at the Source initiative in recognition of the fact that infectious diseases like COVID-19 will appear again, and with increasing frequency, unless we get to the root of the problem and prevent pandemics at their source - at the point of spillover from animals to humans due to our broken relationship with nature. Alongside a growing coalition of leading conservation, public health, human rights, science, health justice, Indigenous Rights, and COVID-survivor organizations, we are working to catalyse funding and global action to prevent the spillover of zoonotic pathogens - well before they can become global pandemics, regional or national epidemics, or even localized outbreaks.

Form 990, Part III, Line 4A

Climate Smart Forest Economy Program: CSFEP is a ground-breaking program that aims to unlock the full climate potential of forests and forest products while upholding social and ecological safeguards. Its vision is to sustainably and responsibly unlock the full climate potential of forests and forest products. It aims to ensure all forest value chains and forest-dependent economies are "climate smart", meeting social and ecological safeguards. By transitioning to a climate smart forest economy, we can create jobs and boost economies, while decarbonizing the built environment and driving investment into forests. Starting with mass timber in construction, CSFEP supports breakthrough initiatives that demonstrate the full potential of sustainable forests and forest products to pave the way for future green growth. CSFEP is a collaborative initiative from EIT Climate-KIC, World Economic Forum, the World Resources Institute and Dalberg Catalyst, with seed funding from Good Energies Foundation. It also counts on independent scientific counsel from The Nature Conservancy.

Form 990, Part III, Line 4B

COVAX - Country Readiness & Delivery: With the support of the Bill & Melinda Gates Foundation, we are working with the Dalberg Group and JSI to support the COVID Vaccine Delivery Partnership to improve and harmonize knowledge management, communications, and tools and processes used at the global, regional, and country levels for the planning, implementation, and monitoring of COVID-19 vaccine programs. This work is facilitating collaboration, information exchange, and learning between country, region, and immunization partners and increasing the readiness and capacity of COVAX participating countries, particularly LMICs, for the implementation of the COVID-19 vaccines' delivery plans.

Form 990, Part III, Line 4D

. Sharing Strategies - To crack the concurrent crises of COVID, conflicts, climate, and inequality, the international development community needs to break out of old ways of working, escape siloed thinking and structures, and partner strategically. Sharing Strategies is a neutral platform and network of leading change-makers from advocates, think tanks, local leaders, global civil society groups, international organizations, the private sector and philanthropic foundations working together to avert climate catastrophe and achieve our shared Sustainable Development Goals. Sharing Strategies is incubated at Dalberg Catalyst. . Uncommon Collaborations - Funded by the Rockefeller Foundation, and co-designed and managed by Dalberg Catalyst, Uncommon Collaborations supports collaborations between experts seeking to creatively solve complex challenges the world faces today. . Investors for Health - Dalberg Catalyst hosts and supports this community of investors who are working together to ensure that private and public capital are deployed to help build inclusive healthcare systems in Emerging Markets. The overall objective is to contribute to a thriving impact investment landscape in healthcare that takes the world closer to universal health coverage in emerging markets. . Accelerating Cost Effective Solutions to Learning Poverty / Elimu Soko - Elimu Soko serves as a stimulant and a clearinghouse for innovative solutions to fight learning poverty in Eastern and Southern Africa. A partnership amongst Hempel Foundation, Dalberg Catalyst, Dalberg Advisors, and Dalberg Media, Elimu Soko catalyzes action by bringing together government stakeholders and education entrepreneurs to identify and resolve key bottlenecks limiting foundational learning. . TVET CIV and DRC - Dalberg Catalyst, in partnership with the Caterpillar Foundation, is supporting the design and roll out of an innovative model for collaboration between the government and private sector in delivering industry-ready technical and vocational skills in Cote D'Ivoire and the DRC. . COVID Vaccine Equity Project - Through the COVID vaccine equity project, Dalberg supports country governments and frontline immunization workers to take the lead in equitably delivering COVID-19 vaccines. . SDG Leadership Labs - Dalberg Catalyst is supporting this program of the Global Executive Leadership Initiative, which aims to enhance the systems leadership of participating UN country teams. It promotes new leadership capabilities, and introduces a forward-looking organizational model that strengthens leadership practice and supports collaborative leadership processes. Completed programs: . Safe Surgery - Funded by the GE Foundation, Dalberg helped design and implement Safe Surgery 2020, whose goal is to reduce preventable deaths from surgically treatable conditions (in low-income areas). . Safe Hands Ethiopia - In response to COVID-19, Dalberg Catalyst partnered with UNDP Ethiopia to provide personal protective equipment (facemasks and soap) to vulnerable communities in Addis Ababa. The initiative brought together private sector production capacity with the distribution capacity of the government, and also provided vulnerable communities with the necessary information to support behavior change.

Form 990 Part IX Line 11G

Description:project implementers total fees:2855615

Form 990 Part IX Line 11G

Description:other professional fees total fees:4521

Financial Statement Notes

Part XIII

Tax-Exempt Status The Organization is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code and exempt from state taxes under state charities registration laws. Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Organization and recognize a tax liability (or asset) if the Organization has taken an uncertain position that more likely than not would not be sustained upon examination by applicable taxing authorities. Management has analyzed the tax positions taken by the Organization and has concluded that as of December 31, 2021 there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. There have been no tax related interest or penalties for the period presented in these financial statements. Should any such penalties and interest be incurred, the Organization's policy would be to recognize them as a management and general expense.

Schedule D Part XII Line 2C

Foreign currency transaction loss $72,149

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IRS990/MissionDesc0DALBERG CATALYST EXISTS TO CO-CREATE AND ACTIVELY ACCELERATE SYSTEMS SOLUTIONS THAT HAVE A TANGIBLE AND DURABLE IMPACT ON THE PRESSING SOCIETAL AND PLANETARY CHALLENGES OF OUR TIME. WE TACKLE CHALLENGES WITH AGILITY AND ACCOUNTABILITY, DOING WHAT IT TAKES TO HAVE TRANSFORMATIVE IMPACT. OUR SOLUTIONS COMBINE: 1. THE SYSTEMS APPROACH THAT COMPLEX PROBLEMS REQUIRE, 2. BUILDING FROM LOCAL CONTEXTS, AMPLIFYING LOCAL VOICES, 3. INTELLECTUAL RIGOR, OPENNESS, AND HUMILITY, AND 4. CRITICAL ACTORS WHO COLLECTIVELY BRING THE CAPACITY AND LEGITIMACY REQUIRED TO SHIFT THE PARADIGM AND IMPLEMENT THE NECESSARY SOLUTIONS.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Dalberg Catalyst has made significant progress towards meeting the public support threshold - reaching 28.41 % in 2021. While Dalberg Catalyst was incorporated in 2016, it has only been fully operational since late 2019 when a CEO was brought in to run the organization. This implies that the time available to reach the 33 1/3 threshold has in practice been significantly shorter than the typical runway granted of 5 years. In the brief period since leadership was brought in, Dalberg Catalyst has made tremendous progress in increasing the funding it receives from public entities. We have already confirmed additional sources of public funds for 2022, and WE WILL CONTINUE TO EXPEND OUR EFFORTS TO ACHIEVE THE 33 1/3 PUBLIC SUPPORT THRESHOLD AND EXPECT WE WILL REACH THIS IN THE FUTURE. Beyond funds from public institutions, Dalberg Catalyst also continues to pursue support from the general public, including through soliciting funds for specific initiatives and/or our work in general.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II SECTION C LINE 17A
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Tax-Exempt Status The Organization is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code and exempt from state taxes under state charities registration laws. Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Organization and recognize a tax liability (or asset) if the Organization has taken an uncertain position that more likely than not would not be sustained upon examination by applicable taxing authorities. Management has analyzed the tax positions taken by the Organization and has concluded that as of December 31, 2021 there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. There have been no tax related interest or penalties for the period presented in these financial statements. Should any such penalties and interest be incurred, the Organization's policy would be to recognize them as a management and general expense.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FOREIGN CURRENCY TRANSACTION LOSS $72,149
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XIII
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D PART XII LINE 2C
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