Global Partnerships

Nonprofit profile at a glance

EIN
820574491
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Seattle, WA, USA
Phone
2066528773
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Mental Health, Crisis Intervention N.E.C.

Official website

Reported finances

Revenue
$16,058,818
Expenses
$13,779,684
Assets
$245,145,553
Liabilities
$217,012,080

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

Leadership & pay

24 people listed

Executive titles in this filing

  • RICK BECKETT (CEO THRU 06/24)
  • MIKE GALGON (CEO)
  • MARK COFFEY (PRESIDENT)
  • BILL RICHTER (BOARD PRESIDENT AND CHAIR)

Highest reported compensation

  • RICK BECKETT (CEO THRU 06/24): $426,675 total reported compensation
  • MEGAN MUIR (COO & GENERAL COUNSEL): $262,286 total reported compensation
  • TARA MURPHY FORDE (CHIEF CAPITAL AND IMPACT OFFICER): $253,645 total reported compensation

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

Overview

Mission

Global partnerships is an impact-first investment fund manager whose charitable mission is to expand opportunity for people living in poverty in developing countries around the world.

What it reported doing in 2024

As of june 30, 2025, global partnerships (gp), almost entirely through its subsidiary funds, had more than $182 million invested in 86 microfinance institutions, social businesses and cooperatives in 29 countries in latin america, the caribbean and subsaharan africa. Gp invests in social enterprises with sustainable solutions that help impoverished people increase their incomes and improve their lives, with investments in 15 distinct initiatives that address facets of poverty across livelihoods, education, energy, health, housing, and sanitation. The vast majority (more than 95%) of the funds invested by global partnerships are invested with microfinance institutions.

Operating model

Revenue model
Earned-program. 75% of the money available for current operations came from fees and other program revenue.
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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 65
  • Accountability: 76
  • Sustainability: 65
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 69.6%; rating input score 70
  • Program expense ratio: 90.7%; rating input score 91
  • Fundraising efficiency: $4.83 raised per $1 spent on fundraising; rating input score 20; 20th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: Scored; rating input score 0
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 66.7%; rating input score 67; 11th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 14.2%; rating input score 75; 75th percentile among comparable filings
  • Total-asset coverage ratio: 17.79; rating input score 95; 95th percentile among comparable filings
  • Liabilities to assets ratio: 0.89; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 15.8%; rating input score 7; 7th percentile among comparable filings

Growth

  • Program expense growth: 7.5% per year; rating input score 100; 59th percentile among comparable filings
  • Revenue growth: 8.4% per year; rating input score 100; 67th percentile among comparable filings
  • Asset growth: 11.9% per year; rating input score 100; 72nd percentile among comparable filings

Details

  • Where the money goes: 69.6% of revenue deployed · 90.7% of spending went to programs
  • Governance: 10 of 15 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $12.5M in reported program spending
  • Leadership: top reported pay $427K · 24 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $906K reported
  • Consistency: 36 of 36 current checks pass
  • Schedules: 10 filed schedules · includes major donors, foreign activity, executive pay, and related organizations
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 20 filed money-flow records
  • Related organizations: 7 filed related-organization links
  • 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 — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 20/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Officer compensation ratio scored 7/100.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.