Global Foundation for Democracy & Development Inc

Nonprofit profile at a glance

EIN
460485203
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
New York, NY, USA
Phone
2127515000
Rating
55
Verdict
MIXED
Rating confidence
Moderate
Sector
Research Institutes and Public Policy Analysis

Official website

Reported finances

Revenue
$1,040,703
Expenses
$1,130,494
Assets
$680,825
Liabilities
$760,772

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

Leadership & pay

8 people listed

Executive titles in this filing

  • NATASHA DESPOTOVIC (EXECUTIVE DIRECTOR)
  • DR LEONEL FERNANDEZ (PRESIDENT)

Highest reported compensation

  • NATASHA DESPOTOVIC (EXECUTIVE DIRECTOR): $169,704 total reported compensation

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

Overview

Mission

The mission of global foundation for democracy & development, inc. (gfdd) is to develop alliances with international partners to formulate and implement initiatives promoting sustainable socio-economic development and the strengthening of democracy in the dominican republic and latin america. Gfdd develops, builds, and reinforces collaboration and exchange among institutions and the dominican general public, the dominican diaspora and the rest of the western hemisphere.

What it reported doing in 2024

International affairs: it comprises of five important initiatives: global forum latin amaerica and the caribbean main objective is to promote a space for debate and offer comprehensive platform for the exchange of ideas, discussion and analysis on the current role of latin america and the caribbean in the global arena. Collaboration with the united nations: gfdd is non-profit organization with consultative status with many agencies of the un. Gfdd is dedicated to promoting and advancing issues at the forefront of the united nations' agenda by regularly participating in the un agencies' discussions and meetings and contribute substantively to reports and position papers. Collaboration with the oas: gfdd is civil society organization affiliated with the organization of american states (oas) and active supporters of the organization's aims and objectives, of the inter-american system and the summit of the americas program. Joint specific initiatives in the field of democracy, regional integration, trade, environment, education, culture, drug abuse prevention are developed and implemented with different departments and divisions of the oas. Collaboration with una-dr: gfdd organizes in association with the united nations association of dominican republic activities such as the model un, model oas, model inter-american human rights system, which offer valuable learning and civic leadership experiences to thousands of young students from dominican republic and latin america.

Operating model

Revenue model
Donor-supported. 92% of the money available for current operations came from contributions and gifts.
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

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 49
  • Transparency & Controls: 74
  • Accountability: 62
  • Sustainability: 20
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 51.7%; rating input score 52
  • Program expense ratio: 47.6%; rating input score 48
  • Fundraising efficiency: $9.73 raised per $1 spent on fundraising; rating input score 37; 37th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 62.5%; rating input score 62; 13th percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • 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: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -8.6%; rating input score 19; 19th percentile among comparable filings
  • Total-asset coverage ratio: 0.6; rating input score 28; 28th percentile among comparable filings
  • Liabilities to assets ratio: 1.12; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 15%; rating input score 23; 23rd percentile among comparable filings

Growth

  • Program expense growth: -15.4% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: -6.7% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: -7.8% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 51.7% of revenue deployed · 47.6% of spending went to programs
  • Governance: 5 of 8 board members independent · 5 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $538K in reported program spending
  • Leadership: top reported pay $170K · 8 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 13 filing years from 2011 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.

  • Review — Financial Efficiency: Mission deployment rate scored 52/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 48/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 37/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 19/100.
  • High — Sustainability: Total-asset coverage ratio scored 28/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.
  • High — Sustainability: Officer compensation ratio scored 23/100.