GFoundation

What it reported doing in 2024

1.us domestic programs supporting single mothers in the u.s: our single mothers support initiative provides monthly essentials and celebrates meaningful moments with single mothers through gift drives, shared meals, worship gatherings, and personal encouragement. In neighborhoods such as paterson, nj, and fort lee, nj, we have built trusted relationships by consistently showing up-reminding mothers that they are seen, supported, and never alone. A total of 216 single mothers were supported. In addition to core supplies, we provided seasonal gifts and participated in local events, creating safe and uplifting spaces where single mothers felt connected and cared for. Through ongoing emotional, financial, and social support, we aim to reduce isolation and offer dignity and care to those in need. Supporting refugee families legally residing in the u.s: for refugee families legally residing in the u.s. And rebuilding their lives in unfamiliar cities, the early years can be especially isolating. By providing practical assistance and emotional connections, we have helped refugee families feel seen, empowered, and connected as they work toward stability and belonging. Since october 2024, gfoundation USA has partnered with local churches and organizations to support refugee families in syracuse, ny; louisville, ky; and dayton, oh-providing personal care items and seasonal gifts such as menstrual products, cosmetics, clothing, and toys. During major holidays, including thanksgiving and christmas, we visited families in person to deliver gifts, offer prayers, and remind them that they are not alone. A total of 587 individuals were supported, including 150 in dayton, oh; 250 in louisville, ky; and 187 in syracuse, ny. Supporting seniors living alone in the u.s: harsh winters can be particularly difficult for seniors living alone, often with limited support. To address this need, we launched our senior support initiative, providing essentials such as warm clothing, blankets, and seasonal items. In december 2024, we partnered with neighbor plus to deliver winter essentials to 18 seniors in flushing, ny, and palisades park, nj. Each kit was delivered to bring comfort, care, and dignity to isolated seniors in underserved communities. Supporting low-income families in the u.s: we also support low-income families by providing everyday essentials-and, most importantly, our presence. By spending time together and listening to their stories, we remind families that even in difficult times, they are not alone and never forgotten. A total of 65 low-income families received support. 2. Oversea programs gifting family portraits in madagascar: in low-income regions of madagascar, families often lack opportunities to capture memories together. To address this, we launched frame our moment, providing professional family portraits as lasting gifts. Under the guidance of african photography specialist and gfoundation ambassador shin misik, we have gifted portraits to 170 families, fostering dignity, recognition, and meaningful connections within the community. Improving hygiene conditions in ethiopia: many public schools in ethiopia lack access to clean water and basic sanitation, resulting in preventable illnesses and educational disruption. In 2024, we established our ethiopia branch and launched a large-scale wash (water, sanitation, and hygiene) project, in collaboration with gfoundation korea and the korea international cooperation agency (koica). Key outcomes: 1) 7,130 individuals impacted 2) teachers trained in hygiene practices 3) schools renovated or upgraded program activities: 1) renovation and construction of sanitation facilities 2) teacher training in hygiene and health education 3) promotion of sustainable hygiene practices within schools and families program goals: 1) reduce preventable illnesses by improving hygiene infrastructure 2) promote health education through student and teacher leadership 3) foster sustainable hygiene practices in s

Financial Efficiency

• Mission deployment rate: 83.9%; rating input score 84
• Program expense ratio: 81.3%; rating input score 81
• Fundraising efficiency: $28.01 raised per $1 spent on fundraising; rating input score 67; 67th percentile among comparable filings

Transparency & Controls

• Consistency checks: 92.3%; rating input score 92; 16th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: 2 of 8 controls in place; rating input score 25
  • Claims monitoring procedures: Pass
  • Requires narrative reports: Pass
  • Conducts field audits: Fail
  • May suspend future funding: Fail
  • Requires financial reports: Fail
  • Conducts site visits: Fail
  • Requires grant agreements: Fail
  • May require repayment: Fail
• Grant itemization coverage: 53.4%; rating input score 53; 30th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 5 of 8 controls in place; rating input score 62
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: -3.2%; rating input score 27; 27th percentile among comparable filings
• Total-asset coverage ratio: 0.21; rating input score 10; 10th percentile among comparable filings
• Liabilities to assets ratio: 0.58; rating input score 13; 13th percentile among comparable filings
• Officer compensation ratio: 24.7%; rating input score 10; 10th percentile among comparable filings

Growth

• Program expense growth: 98.9% per year; rating input score 100; 99th percentile among comparable filings
• Revenue growth: 79% per year; rating input score 100; 98th percentile among comparable filings
• Asset growth: -44.1% per year; rating input score 0; 1st percentile among comparable filings