Initiative for Global Development

Nonprofit profile at a glance

EIN
208003146
IRS 990 coverage
2010–2017
Forms available
Form 990 2017
Location
Washington, DC, USA
Phone
2024543972
Rating
62
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
International Economic Development

Official website

Reported finances

Revenue
$1,040,985
Expenses
$1,036,574
Assets
$543,209
Liabilities
$36,499

Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • MIODRAG NEDELCOVYCH (PRESIDENT & CEO)

Highest reported compensation

  • MIODRAG NEDELCOVYCH (PRESIDENT & CEO): $177,643 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The initiative for global development (igd) is a non-profit organization that drives poverty reduction by catalyzing business growth and investment in the developing world. We bring together an influential network of senior executives from sector-leading companies with the interest and capacity to make strategic investments in high-need, high-potential areas of africa. Members of our frontier leaders network shape global connections and frontier market insights, and promote business-driven development to create economic growth and opportunity.

What it reported doing in 2017

Forums and programing: igd hosted semi-annual global frontier 100 forums, regional small group events, and facilitated peer-to-peer relationships, connected ceos and business unit heads of african, south asian, u.s., and european companies who are recognized sector leaders and share a commitment to poverty reduction. Ceos build relationships and share knowledge to:-catalyze economic growth in frontier markets in sectors with high potential for reducing poverty participants;-make connections and build relationships to foster investment opportunities and business expansion in africa, which reduces poverty;-share knowledge and insight to increase the social impact and effectiveness of members' investments; and-provide business input on global development initiatives to reduce barriers to sustainable investment in frontier markets.

Operating model

Revenue model
Donor-supported. 97% 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

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. The filing reports few safeguards for money sent abroad and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 67
  • Transparency & Controls: 46
  • Accountability: 100
  • Sustainability: 34
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 71.4%; rating input score 71
  • Program expense ratio: 71.7%; rating input score 72
  • Fundraising efficiency: $8.17 raised per $1 spent on fundraising; rating input score 34; 34th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • 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: Scored; rating input score 0
  • Grant itemization coverage: Scored; rating input score 0
  • Major donor itemization: No; rating input score 0
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • 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: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 0.4%; rating input score 38; 38th percentile among comparable filings
  • Total-asset coverage ratio: 0.52; rating input score 27; 27th percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 55; 55th percentile among comparable filings
  • Officer compensation ratio: 17.1%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: -15% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: -8.8% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: -17.5% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 71.4% of revenue deployed · 71.7% of spending went to programs
  • Governance: 7 of 7 board members independent · 8 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $744K in reported program spending
  • Leadership: top reported pay $178K · 8 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $106K reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 6 filed schedules · includes major donors, foreign activity, and executive pay
  • Filing history: 6 filing years from 2010 to 2017
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 34/100.
  • High — Transparency & Controls: Major donor itemization scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 38/100.
  • High — Sustainability: Total-asset coverage ratio scored 27/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.
  • Review — Sustainability: Liabilities to assets ratio scored 55/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.