Global Clearinghouse for Development Finance Inc

Nonprofit profile at a glance

EIN
300607412
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
Stanfordville, NY, USA
Phone
9173596696
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
International Economic Development

Reported finances

Revenue
$67,485
Expenses
$72,091
Assets
$1,368
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • BARBARA SAMUELS (EXECUTIVE DIRECTOR/CHARIMA)

Highest reported compensation

  • BARBARA SAMUELS (EXECUTIVE DIRECTOR/CHARIMA): $55,783 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To conduct activities to improve the social and economic stability and growth of developing countries through: promoting the sharing of information, knowledge and resources among governments, international organizations, non-profits and the private sector for the benefit of developing countries and providing training and advisory services and developing and deploying communication technologies to support the foregoing objectives.

What it reported doing in 2024

To reduce poverty and enable access to finance, globaldf has provided financial advisory for the preparation of financially viable infrastructure projects. In 2023, globaldf continued the project developing financial roadmaps for the development and finance of local climate projects in sub-saharan africa. Activities have included implementing a studies and developing training modules.globaldf continued to support the "job creating toolkit" estimating job creation for the new partnership for african development (nepad), the african union's implementing agency for regional infrastructure projects. The job creation methodology will be used to advance africa's regional integration, trade, and large infrastructure projects access

Operating model

Revenue model
Grant-funded. 100% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 92
  • Accountability: 70
  • Sustainability: 33
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.1%; rating input score 80
  • Program expense ratio: 75%; rating input score 75
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 22nd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -6.8%; rating input score 48; 48th percentile among comparable filings
  • Total-asset coverage ratio: 0.02; rating input score 6; 6th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 77.4%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: -16.3% per year; rating input score 0; 21st percentile among comparable filings
  • Revenue growth: -17.9% per year; rating input score 0; 21st percentile among comparable filings
  • Asset growth: -24.3% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: 80.1% of revenue deployed · 75% of spending went to programs
  • Governance: 2 of 3 board members independent · 6 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $54K in reported program spending
  • Leadership: top reported pay $56K · 3 people listed
  • Consistency: 18 of 18 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 12 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 6/100.
  • Moderate — Sustainability: Operating margin scored 48/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.