The Global Fund to Fight AIDS Tuberculosis and Malaria

Nonprofit profile at a glance

EIN
980380092
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
Ch Geneva, FL, SZ
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
AIDS Research

Official website

Reported finances

Revenue
$3,542,069,209
Expenses
$6,675,095,766
Assets
$7,507,202,758
Liabilities
$4,294,223,810

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

Leadership & pay

79 people listed

Executive titles in this filing

  • PETER ALEXANDER SANDS (EXECUTIVE DIRECTOR)

Highest reported compensation

  • PETER ALEXANDER SANDS (EXECUTIVE DIRECTOR): $563,088 total reported compensation
  • MARK ELDON EDINGTON (HEAD, GRANT MANAGEMENT DIVISION): $550,728 total reported compensation
  • TRACY STAINES (INSPECTOR GENERAL): $533,409 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 purpose of the global fund is to attract, leverage and invest additional resources to end AIDS, tuberculosis and malaria, reduce health inequities and support attainment of the sustainable development goals.

What it reported doing in 2024

Providing grants to locally-developed programs for the prevention, treatment or care of HIV/AIDS, tuberculosis and malaria and for health system strengthening. Following the board decision on 9 april 2020, the global fund launched an appeal to raise additional funding for covid-19 emergency response and created the covid-19 response mechanism ("c19rm"), which was extended successively through further board decisions in sec. 101, including the award of c19rm funds through 30 june 2023. During 2022, the board approved an additional extension of c19rm, and enabling implementation of c19rm funds through 31 december 2025.

Operating model

Revenue model
Grant-funded. 90% of the money available for current operations came from government grants.
Distribution model
Grant intermediary. The nonprofit sent 94% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 98
  • Transparency & Controls: 71
  • Accountability: 95
  • Sustainability: 27
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 99.1%; rating input score 99
  • Fundraising efficiency: $170.48 raised per $1 spent on fundraising; rating input score 89; 89th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th 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: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: 2 of 8 controls in place; rating input score 25
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Limited
    • Conducts field audits: Limited
    • May suspend future funding: Limited
    • Requires financial reports: Pass
    • Conducts site visits: Limited
    • Requires grant agreements: Limited
    • May require repayment: Limited
  • Grant itemization coverage: 100%; rating input score 100; 77th 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; 77th 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: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -88.5%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 1.12; rating input score 44; 44th percentile among comparable filings
  • Liabilities to assets ratio: 0.57; rating input score 30; 30th percentile among comparable filings
  • Officer compensation ratio: 0.2%; rating input score 91; 91st percentile among comparable filings

Growth

  • Program expense growth: 8.9% per year; rating input score 100; 69th percentile among comparable filings
  • Revenue growth: -12.4% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: -2.9% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 99.1% of spending went to programs
  • Governance: 20 of 20 board members independent · 8 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $6.6B in reported program spending
  • Leadership: top reported pay $563K · 79 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $51.5M reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 6 filed schedules · includes major donors, foreign activity, and executive pay
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 27 filed money-flow records
  • 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 — Sustainability: Operating margin scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 30/100.