Financing for Development Corp
- Assets
- $137.7k
- Revenue
- $465.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Washington, DC
- Founding
- Data as of
- 12/2015
- EIN
- 68-0683026
Organization Overview
Financing for Development Corp is located in Washington, DC. As of 12/2015, Financing for Development Corp employed 6 individuals. Financing for Development Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
FINANCING FOR DEVELOPMENT PROMOTES INNOVATION IN FINANCING AS A MEANS OF INCREASING EFFICIENCY OF DEVELOPMENT INVESTMENTS. FINANCING FOR DEVELOPMENT EVALUATES, FACILITATES, AND ADVOCATES FOR INNOVATIVE FINANCING TECHNIQUES USED TO MAKE DONOR AND DOMESTIC FUNDING MORE PREDICTABLE AND EFFICIENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PGH IS AN INNOVATIVE FINANCING PARTNERSHIP DESIGNED TO INCREASE THE SPEED AND EFFICIENCY OF FUNDING FROM INTERNATIONAL DONORS FOR HEALTH COMMODITIES. PGH PROVIDES TECHNICAL ASSISTANCE TO SPEED UP THE DISBURSEMENT OF DONOR PLEDGES. PGH HAS PROVIDED BRIDGE FINANCING IN ORDER TO ENABLE LOW-INCOME COUNTRIES AND NOT-FOR-PROFIT ENTITIES PROCURE ESSENTIAL HEALTH COMMODITIES IN ADVANCE OF DISBURSEMENT OF DONOR FUNDS.
F4D FINANCING FOR DEVELOPMENT (F4D) IS A U.S. 501(C)3 NONPROFIT ORGANIZATION THAT PROMOTES INNOVATIONS IN FINANCING AS A MEANS OF INCREASING EFFICIENCY DEVELOPMENT INVESTMENTS. F4D EVALUATES, FACILITATES, AND ADVOCATES FOR INNOVATIVE FINANCING TECHNIQUES USED TO MAKE DONOR AND DOMESTIC FUNDING MORE PREDICTABLE AND EFFICIENT. THROUGH THE SERVICES AND STRATEGIES EXECUTED BY F4D AND THE INITIATIVES IT SUPPORTS, F4D EMPOWERS DEVELOPING COUNTRIES WITH PROVEN TOOLS TO INCREASE THE RETURN ON GLOBAL HEA
THROUGH THE PROGRAM ACCELERATION FUNDS:F4D IS DEVELOPING SOLUTIONS TO ASSIST IN RAISING THE QUALITY AND QUANTITY OF COMMODITY PROCUREMENTS THAT ARE FUNDED DIRECTLY FROM NATIONAL GOVERNMENT BUDGETS. F4D IS WORKING IN PARTNERSHIP WITH GOVERNMENTS, DEVELOPMENT BANKS,AND INSURANCE PROVIDERS TO PROVIDE THESE REGIONALLY FOCUSED FACILITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aron Betru Chief Executive Officer | OfficerTrustee | 40 | $176,700 |
John Simon Director | Trustee | 2 | $0 |
John Skibiak Director | Trustee | 2 | $0 |
Pape Gaye Director | Trustee | 2 | $0 |
Rodney Bent Director | Trustee | 2 | $0 |
Deborah Burrand Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $173,118 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $173,118 |
| Total Program Service Revenue | $292,490 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $465,608 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $210,090 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $176,700 |
| Compensation of current officers, directors, key employees. | $35,340 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $393,748 |
| Pension plan accruals and contributions | $17,951 |
| Other employee benefits | $15,249 |
| Payroll taxes | $46,700 |
| Fees for services: Management | $13,026 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,466 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $70,943 |
| Advertising and promotion | $300 |
| Office expenses | $7,777 |
| Information technology | $4,142 |
| Royalties | $0 |
| Occupancy | $68,731 |
| Travel | $58,595 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,643 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,662 |
| Insurance | $6,664 |
| All other expenses | $245,833 |
| Total functional expenses | $1,474,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,343 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $13,238 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $102 |
| Net Land, buildings, and equipment | $2,010 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $137,693 |
| Accounts payable and accrued expenses | $14,405 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,158,333 |
| Total liabilities | $1,172,738 |
| Unrestricted restricted net Assets | -$1,048,283 |
| Temporarily restricted net Assets | $13,238 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | -$1,035,045 |