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Givedirectly Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 271661997 ✦ New york, NY ✦ Designated as a 501(c)(3)

Overview

What is Givedirectly Inc?

Givedirectly Inc is a New York-based nonprofit organization that specializes in facilitating direct cash transfers to individuals in need, with a mission to reduce poverty. Founded in 2009, the organization has reached over 1 million recipients across 11 countries. By using the latest technology, they ensure secure, efficient, and transparent transactions. Givedirectly has delivered substantial funds to various countries, including two new additions, Nigeria, and Yemen, and executed programs in 27 different projects. They've also provided technical support for various relief efforts, such as the Social Fund of the DRC's COVID-19 relief effort. With a team of 102 employees, the organization has helped launch three of the ten largest guaranteed income programs in the United States and provided swift financial assistance during natural disasters. Their studies have shown significant positive impacts on their cash transfer programs in countries like Liberia, Malawi, and Uganda. Overall, Givedirectly Inc is dedicated to providing financial assistance directly to those in need, leveraging technology to make a difference.


Official website here: www.givedirectly.org

Is Givedirectly Inc legitimate?

Givedirectly Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Givedirectly Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $1,485,508
Professional Fundraising Fees: $0
Other Salaries and Wages: $21,668,596

For more financial information, click here


Official website here: www.givedirectly.org

What is the mission statement of Givedirectly Inc?

Givedirectly Inc is dedicated to reducing poverty by providing direct financial assistance to those in need. The organization's mission is to facilitate the transfer of funds to individuals and families living in poverty, using advanced technology for secure, efficient, and transparent transactions. Since its inception in 2009, Givedirectly has reached over 1 million recipients in 11 countries and delivered over $146 million to over 334,000 households in 2022. The organization's innovative approach has allowed it to provide financial support to people in Africa more than in any previous year. Givedirectly has also provided technical support to disaster relief efforts, launched cash programming to improve resilience, and helped implement some of the largest guaranteed income programs in the United States. The organization's ongoing commitment to research and development has led to the successful launch of numerous randomized controlled trials, revealing positive impacts on recipients' resilience, investments, income, and assets.


Official website here: www.givedirectly.org

Who is the CEO of Givedirectly Inc?

Samuel Mwamburi Mwale is the 08/2022; Exec. Chair From 09/2022 of Givedirectly Inc.


Official website here: www.givedirectly.org

What is the revenue of Givedirectly Inc?

Givedirectly Inc's revenue in 2022 was $175,713,344.


Official website here: www.givedirectly.org

Who are the executives of Givedirectly Inc and what are their salaries?

The average compensation at Givedirectly Inc during 2022 was $227,001. There are 102 employees and 5 volunteers at Givedirectly Inc.

Here are 14 key members and their salaries:

    Joseph Huston (Managing Director)
  • Compensation: $487,915
  • Related: $0
  • Other: $6,690

    • Jason Watters Chief Finance (Compl. & Data Protection Officer)
  • Compensation: $278,096
  • Related: $0
  • Other: $15,665

    • Michael Faye President Until (08/2022; Exec. Chair From 09/2022) [Trustee/Director]
  • Compensation: $279,333
  • Related: $0
  • Other: $0

    • Olu Babalola (Chief Operating Officer Until 07/2022)
  • Compensation: $269,948
  • Related: $0
  • Other: $8,312

    • Becca Frank (Director, Technology)
  • Compensation: $234,318
  • Related: $0
  • Other: $11,168

    • Katie Donley (Chief Growth Officer Until 03/2022)
  • Compensation: $233,837
  • Related: $0
  • Other: $3,930

    • Kwamina Orleans-Pobee (Senior Growth Engineer)
  • Compensation: $227,698
  • Related: $0
  • Other: $8,336

    • Samuel Kreter (Senior Program Engineer)
  • Compensation: $208,727
  • Related: $0
  • Other: $10,974

    • Alex Nawar (Regional Director)
  • Compensation: $211,236
  • Related: $0
  • Other: $0

    • Rory Stewart (President As Of 09/2022)
  • Compensation: $139,549
  • Related: $0
  • Other: $0

    • Aly Jeddy (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rohit Wanchoo (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jacquelline Fuller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul Niehaus (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.givedirectly.org

    Where can I find the form 990 for Givedirectly Inc?

    The Givedirectly Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.givedirectly.org

    Learn more at the official website: www.givedirectly.org

    Mission Statement of Givedirectly Inc

    Givedirectly Inc, a pioneering organization, is on a mission to reduce poverty by providing financial assistance directly to those in need. The organization's primary objective is to bridge the gap between those who have the means to help and those who are struggling to make ends meet. With a unique approach, Givedirectly enables governments, foundations, and individual donors to make secure, efficient, and transparent cash transfers to recipients in need.

    Using advanced technology, Givedirectly locates and integrates recipients into electronic payment networks, ensuring the delivery of funds with end-to-end monitoring. The organization's innovative model, which re-engineers fieldwork for the digital era, has enabled it to reach over 1 million recipients in 11 countries since its inception in 2009. In 2022 alone, Givedirectly delivered over $146 million to over 334,000 households across 11 countries, including new recipients in Nigeria and Yemen. The organization's commitment to helping families adapt to climate change has seen it implement targeted cash programming to improve resilience and safety in several countries.

    Moreover, in response to the COVID-19 relief efforts, Givedirectly provided technical support through an alternative approach that combined the latest data science and digital payments technology to identify, enroll, and pay people living in extreme poverty at unprecedented speed and scale. The organization's ongoing commitment to research and development resulted in the successful launch of its 20th randomized controlled trial in 2022, with studies conducted in Liberia, Malawi, and Uganda, revealing significant positive impacts on resilience, investments, income, and assets within Givedirectly's cash transfer programs.

    Impact

    This information is meant to be a general summary of Givedirectly Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Givedirectly Inc has had a significant impact on reducing poverty by providing financial assistance directly to those in need. Since 2009, Givedirectly has reached over 1 million recipients in 11 countries. In 2022 alone, the organization delivered over $146 million to over 334,000 households in 11 countries, including two new countries - Nigeria and Yemen. Givedirectly also helped families across five countries adapt to climate change through targeted cash programming to improve resilience and safety.

    Moreover, Givedirectly provided technical support to the Social Fund of the DRC's COVID-19 relief effort by using data science and digital payments technology to remotely identify, enroll, and pay people living in extreme poverty at an unprecedented speed and scale. The organization also played a role in launching three of the ten largest guaranteed income programs in the United States.

    Additionally, Givedirectly executed a swift response to hurricanes Ian and Fiona, ensuring that affected families received financial support within a 48-hour timeframe upon enrollment. Furthermore, the organization is committed to research and development, successfully launching their 20th randomized controlled trial, with five studies conducted in 2022. The results from these studies revealed significant positive impacts on resilience, investments, income, and assets within Givedirectly's cash transfer programs across Liberia, Malawi, and Uganda.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,205,285
  • Program Service Revenue: $0
  • Gross Receipts: $179,538,903

    • Assets and Liabilities:
  • Total Assets: $240,039,533
  • Total Liabilities: $126,223,824
  • Net Assets: $113,815,709
  • Organization Details

    Founding Year

    2009

    Principal Officer

    Samuel Mwamburi Mwale

    Main Address

    PO BOX 3221, NEW YORK, NY, 10008

    NTEE Category

    Code: Q33 - International

    If you are a representative of Givedirectly Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.