Overview
What is Global Clearinghouse For Development Finance Inc?
Global Clearinghouse For Development Finance Inc, situated in Stanfordville, New York, is a nonprofit organization dedicated to alleviating poverty and facilitating access to finance. They excel in providing financial advisory services for the preparation of financially viable infrastructure projects. In 2022, their projects expanded to developing financial roadmaps for local climate projects in Sub-Saharan Africa. Their activities encompass implementing studies, creating training modules, and supporting initiatives like the "Job Creating Toolkit" for the New Partnership for African Development (NEPAD), an agency of the African Union responsible for regional infrastructure projects. Overall, Global Clearinghouse For Development Finance Inc aims to enhance the social and economic stability and growth of developing countries by promoting information, knowledge, and resource sharing among governments, international organizations, non-profits, and the private sector.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
Global Clearinghouse For Development Finance Inc has earned a Three-Star rating on Charity Navigator, reflecting a solid performance in accountability and finance. The organization achieved an overall score of 84%, which is derived solely from its Accountability & Finance metrics. This score indicates a good level of transparency and responsible fiscal management.
The organization demonstrates strength in governance with a fully independent board, high program expense ratio at 91.78%, and has no recorded material diversion of assets. Furthermore, all necessary policies, including conflict of interest and whistleblower policies, are in place, contributing to its positive assessment.
Despite the solid rating, the exclusive focus on the Accountability & Finance beacon may limit the overall perspective of the organization’s performance. The lack of additional beacons means that other aspects, such as impact or program effectiveness, are not evaluated in this rating. Overall, the organization is positioned well within the nonprofit sector for financial accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Global Clearinghouse For Development Finance Inc legitimate?
Global Clearinghouse For Development Finance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Global Clearinghouse For Development Finance 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $22,560
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Global Clearinghouse For Development Finance Inc?
The Global Clearinghouse For Development Finance Inc's mission is geared towards improving the social and economic stability and growth of developing countries. They aim to accomplish this by promoting the sharing of information, knowledge, and resources among governments, international organizations, non-profits, and the private sector. This collaborative effort benefits developing countries directly. Additionally, the organization provides training and advisory services, and strives to develop and deploy communication technologies to support these objectives.
Who is the CEO of Global Clearinghouse For Development Finance Inc?
Barbara Samuels is the Executive Director/Chariman of Global Clearinghouse For Development Finance Inc.
What is the revenue of Global Clearinghouse For Development Finance Inc?
Global Clearinghouse For Development Finance Inc's revenue in 2022 was $62,044.
Who are the executives of Global Clearinghouse For Development Finance Inc and what are their salaries?
The average compensation at Global Clearinghouse For Development Finance Inc during 2022 was $22,560. There is 1 employee at Global Clearinghouse For Development Finance Inc.
Here are 3 key members and their salaries:
- Compensation: $22,560
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Global Clearinghouse For Development Finance Inc?
Global Clearinghouse For Development Finance Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Global Clearinghouse For Development Finance Inc
Global Clearinghouse for Development Finance Inc is committed to improving the social and economic stability and growth of developing countries. The organization achieves this mission by promoting the sharing of information, knowledge, and resources among governments, international organizations, non-profits, and the private sector. This collaboration benefits developing countries by pooling collective expertise and resources for mutual development. Additionally, the organization provides training and advisory services to further empower these nations. Beyond information exchange, Global Clearinghouse for Development Finance Inc also develops and deploys communication technologies to support its objectives. The organization's activities aim to foster a collaborative environment, where knowledge and resources can be shared and utilized effectively to drive sustainable growth and development in developing countries.
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Impact
August, 2024
Global Clearinghouse For Development Finance Inc's impact includes reducing poverty and facilitating access to finance in developing countries. They provide financial advisory services for the preparation of infrastructure projects and develop financial roadmaps for local climate projects in sub-Saharan Africa. Additionally, they support job creation initiatives and advance Africa's regional integration and trade through their methodologies. By promoting the sharing of information, knowledge, and resources among various stakeholders, Global Clearinghouse For Development Finance Inc contributes to the social and economic stability and growth of developing countries.
This information is meant to be a general summary of Global Clearinghouse For Development Finance Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $62,044
Assets and Liabilities:
- Total Assets: $20,959
- Total Liabilities: $410
- Net Assets: $20,549
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Organization Details
Founding Year
2010
Phone
(917) 359-6696Principal Officer
Barbara Samuels
Main Address
182 STISSING ROAD, STANFORDVILLE, NY, 125815742
NTEE Category
Code: Q32 - International
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