Civic Intelligence

Dalberg Charitable

990 • Fiscal year 2023 • EIN 81-2108637

Jan 01, 2023 to Dec 31, 2023 • Filed on Dec 18, 2024

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

45th percentile

0.15x

Higher debt load relative to assets than 45% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

42nd percentile

0.18x

Higher debt load relative to revenue than 42% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

38th percentile

0.2%

Higher net margin than 38% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

75th percentile

$278,737

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

21st percentile

-2.4%

Faster asset growth than 21% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

16th percentile

-22%

Faster revenue growth than 16% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Down

$10,684,232

Down $262,008 (-2.4%) from 2022

Net Assets

Down

$9,133,379

Down $66,061 (-0.7%) from 2022

Liabilities

Down

$1,550,853

Down $195,947 (-11%) from 2022

Revenue

Down

$8,714,154

Down $2,402,934 (-22%) from 2022

Expenses

Down

$8,700,923

Down $1,128,736 (-11%) from 2022

Net Income

Down

$13,231

Down $1,274,198 (-99%) from 2022

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

2023

Assets$10,684,232
Liabilities$1,550,853
Net Assets$9,133,379

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

2023

Revenue$8,714,154
Expenses$8,700,923
Net Income$13,231
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Dec 18, 2024
Return Version
2023v5.1
Gross Receipts
$8,714,154
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$7,710,034$4,783,398▼ $2,926,636
Pledges and Grants Receivable$3,093,236$4,592,891▲ $1,499,655
Savings and Temporary Cash Investments$0$1,004,845▲ $1,004,845
Prepaid Expenses and Deferred Charges$126,615$297,647▲ $171,032
Intangible Assets$16,355$5,451▼ $10,904
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$10,946,240$10,684,232▼ $262,008
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$1,495,007$1,226,987▼ $268,020
Grants Payable$249,293$299,699▲ $50,406
Deferred Revenue$2,500$24,167▲ $21,667
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$1,746,800$1,550,853▼ $195,947
Net Assets / Fund Balance
Net Assets With Donor Restrictions$8,925,807$9,092,680▲ $166,873
Net Assets Without Donor Restrictions$273,633$40,699▼ $232,934
Total Net Assets Fund Balance$9,199,440$9,133,379▼ $66,061
Total Liabilities and Net Assets / Fund Balance$10,946,240$10,684,232▼ $262,008
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sonila CookPresident/CEOFT$250,000$28,737$278,737
Chris DevairakkamCOO/CFOFT$225,500$25,500$251,000
Jordan K FabyanskeChief Program OfficerFT$249,996-$249,996
Usman Gulzarfinance managerFT$115,500$7,500$123,000
Leslie ParkSecretaryPT$65,618$12,382$78,000

Board Members and Trustees

NameTitle
Mariah LevinDirector
Tim HanstadDirector
Dan TuttleDirector and Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
D Implement IncStrategy Implement508 Main Street, Wilmington, DE 19804, Ug$825,136
Dalberg Consulting US LLCStrategy Implement155 W 23rd Street, New York, NY 10011$562,135
Nigel C SizerConsulting41 Deer Knoll, Mt Kisco, NY 10549$234,300
Dalberg Data InsightStrategy Implement-$160,000
Revenue and Support

Revenue Composition

Contributions and Grants
$8,604,553
Program Service Revenue
$104,595
Investment Income
$5,006
Other Revenue
$0
All Other Contributions
$8,447,506
Change in Net Assets
$13,231

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,714,154
Revenue Not Reported on Form 990
$-4,500
Total Revenue per Audited Statements
$8,709,654
Total Revenue per Form 990
$8,714,154
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,420,838
Salaries, Compensation, and Employee Benefits$1,926,445
Grants and Similar Amounts Paid$1,353,640
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$4,944,032$28,487-$4,972,519
Foreign Grants$1,027,971--$1,027,971
Current Officers, Directors, Trustees, and Key Employees$521,611$459,122-$980,733
Other Salaries and Wages$445,695$392,301-$837,996
Grants to Domestic Orgs$325,669--$325,669
Travel$201,314$27,452-$228,766
Other Expenses-$75,000-$75,000
Payroll Taxes$31,517$27,742-$59,259
Office Expenses$38,870$18,305-$57,175
Other Employee Benefits$25,772$22,685-$48,457
Fees for Services Accounting-$39,003-$39,003
Insurance-$16,094-$16,094
Information Technology$9,761$1,459-$11,220
Depreciation Depletion-$10,904-$10,904
Conferences and Meetings-$4,869-$4,869
Fees for Services Legal-$3,492-$3,492
Advertising$1,528$228-$1,756
Occupancy-$40-$40
Total Functional Expenses$7,573,740$1,127,183$0$8,700,923

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,775,715
Expenses per Audited Statements$8,700,923
Total Expenses per Form 990$8,700,923
Expenses Not Reported on Form 990$74,792
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
JUST CapitalNew York, NY501(c)(3)General support$100,000
Global Impact Investing NetworkNew York, NY501(c)(3)General Support$50,000
Surgical Systems Research GroupWilmington, DE501(c)(3)General Support$50,000
Future EarthFort Collins, CO501(c)(3)General Support$35,000
Millennium Campus NetworkBoston, MA501(c)(3)General Support$30,000

International Summary

Offices
0
Employees
0
Spending
$3,869,656

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 ServicesProject Implementation00$1,615,883
Europe (Including Iceland and Greenland)Program Services-00$981,030
Sub-Saharan AfricaGrantmakingProject Implementation00$789,311
Europe (Including Iceland and Greenland)GrantmakingProject Implementation00$130,000
South AsiaGrantmakingProject Implementation00$108,660
South AsiaProgram ServicesProject Implementation00$108,088
South AmericaProgram Services-00$89,063
North AmericaProgram Services-00$39,531
East Asia and the PacificProgram ServicesProject Implementation00$8,090
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 35% controlled entity
No
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 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 11B:

THE CEO, The CFO/COO, 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 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.

Form 990, Part VI, Section C, Line 19

Made available upon request.

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
2024-12-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sonila Cook
Formed
2016
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
3
Employees
10
Volunteers
3

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 III, Line 4A - 4D

FORM 990, PART III, LINE 4A TVET CIV, DRC, AND TANZANIA - 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, THE DRC, AND TANZANIA. FORM 990, PART III, LINE 4B CLIMATE ACTION PLATFORM FOR AFRICA (CAP-A) - THE MISSION OF CAP-A IS TO UNLOCK AFRICA'S POTENTIAL AS A GLOBAL HUB FOR CLIMATE ACTION, UNDERPINNED BY A NEW CLIMATE-SMART MODEL OF ECONOMIC GROWTH AND INCLUSIVE LIVELIHOODS. THE PLATFORM'S WORK IS INFORMED BY THE REALIZATION THAT AFRICA'S DEMOGRAPHICS, GROWTH TRAJECTORY AND NATURAL RESOURCE ENDOWMENTS, COUPLED WITH ITS EXTREMELY LOW LEVELS OF CURRENT CARBON EMISSIONS, ALLOW THE CONTINENT TO ASPIRE TO NOT JUST NET-ZERO BUT A SUBSTANTIAL NET-NEGATIVE CARBON FOOTPRINT SOONER THAN ANY OTHER PART OF THE WORLD. FORM 990, PART III, LINE 4C CLIMATE SMART FOREST ECONOMY PROGRAM: CSFEP AIMS TO BUILD RADICALLY NEW ECONOMIES THAT BALANCE THE NEEDS OF ECOSYSTEMS AND PEOPLE. BY USING BIO-BASED PRODUCTS TO MEET BASIC HUMAN NEEDS LIKE HOUSING, WHILE CREATING LOCAL JOBS AND GENERATING REVENUE FOR SUSTAINABLE FOREST MANAGEMENT, CSFEP EMPOWERS COMMUNITIES TO TACKLE THEIR BIGGEST CHALLENGES WHILE ALSO DECARBONIZING AND REVERSING BIODIVERSITY LOSS. CSFEP SUPPORTS BREAKTHROUGH INITIATIVES THAT DEMONSTRATE THE FULL POTENTIAL OF SUSTAINABLE FORESTS AND FOREST PRODUCTS TO PAVE THE WAY FOR FUTURE GREEN GROWTH. 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. . 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. THIS SPILLOVER IS OCCURRING WITH INCREASING FREQUENCY 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. . 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. . Elimu Soko - Elimu Soko serves as a stimulant and a clearinghouse for innovative solutions to fight learning poverty in Africa. Seed funded by Hempel Foundation, Elimu Soko catalyzes action by bringing together government stakeholders and education entrepreneurs to identify and resolve key bottlenecks limiting found

Form 990, Part XI, Line 9

Foreign currency transaction loss $79,292.

Form 990, B

The 2023 form 990 was amended for a reclassification between net assets with donor restrictions and net assets without donor restrictions.

Form 990 Part IX Line 11G

Description:project consultants total fees:4931812

Form 990 Part IX Line 11G

Description:other fees total fees:40707

Financial Statement Notes

Schedule D, Part X, Line 2

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, 2023 and 2022 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 has 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 XI, Line 2D

Adjustment of Audit fees: $4500.00

Schedule D, Part XII, Line 2D

Adjustment of Audit fees: $4500.00

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