Overview
What is Gsma Mobile For Development Foundation Inc?
The GSMA Mobile For Development Foundation Inc, based in Atlanta, Georgia, is a nonprofit organization dedicated to fostering partnerships between mobile innovators and operators. Their mission is to facilitate the growth of sustainable and commercially viable mobile services in emerging markets. This is achieved by bridging the gap between these two entities, enabling strong collaborations and enabling innovators to access the resources and expertise necessary to scale their products and services. By doing so, the Foundation aims to bring the most impactful mobile solutions to communities in need, generating significant socio-economic impact. The Foundation was established with the goal of utilizing mobile communications to alleviate poverty, distress, and underprivileged situations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Gsma Mobile For Development Foundation Inc has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 67%. This rating indicates areas needing significant enhancement, particularly in accountability and financial transparency. Although the organization has a high program expense ratio of almost 87%, suggesting that most funds are directed towards programmatic activities, other financial aspects raise concerns.
One notable strength is the foundation's independent board size, which has been rated well, indicating a commitment to governance. However, only 33% of board members are independent, which can compromise oversight effectiveness. Additionally, while the organization has a strong audit and oversight committee, several critical transparency policies and essential documents such as the website and tax forms are missing from the nonprofit's public disclosures.
Overall, while the organization demonstrates a solid commitment to its programs, the lack of transparency in financial reporting and governance policies indicates that there is room for improvement. The absence of a complete accountability framework could hinder donor confidence and limit potential support.
This AI summary has been generated from information found on Charity Navigator.
Is Gsma Mobile For Development Foundation Inc legitimate?
Gsma Mobile For Development Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gsma Mobile For Development Foundation 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: $512,117
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,698,768
For more financial information, click here
What is the mission statement of Gsma Mobile For Development Foundation Inc?
The GSMA Mobile For Development Foundation Inc was established with the objective of initiating and collaborating on projects that utilize mobile communications to alleviate hardships among the underprivileged and distressed population. The foundation's mission revolves around building synergies between start-ups and mobile operators to scale innovative and sustainable mobile services in emerging markets. The GSMA Ecosystem Accelerator program acts as a bridge between operators and innovators, facilitating strong partnerships that support the growth of commercially viable mobile products and services. This dialogue between innovators and operators contributes operator assets and expertise to the most promising ideas, enabling innovators to secure funding and direction to bring their products to scale. Through these partnerships, the most impactful mobile solutions are brought to the people and places that need them most, generating significant socio-economic impact.
Who is the CEO of Gsma Mobile For Development Foundation Inc?
John Giusti is the Board Of Directors of Gsma Mobile For Development Foundation Inc.
What is the revenue of Gsma Mobile For Development Foundation Inc?
Gsma Mobile For Development Foundation Inc's revenue in 2022 was $24,580,259.
Who are the executives of Gsma Mobile For Development Foundation Inc and what are their salaries?
There 11 volunteers at Gsma Mobile For Development Foundation Inc.
Here are 17 key members and their salaries:
- Compensation: $0
- Related: $1,828,117
- Other: $0
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- Related: $691,941
- Other: $0
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- Related: $436,361
- Other: $30,129
- Compensation: $0
- Related: $311,490
- Other: $7,695
- Compensation: $207,296
- Related: $0
- Other: $10,131
- Compensation: $164,168
- Related: $0
- Other: $22,983
- Compensation: $154,755
- Related: $0
- Other: $17,023
- Compensation: $171,530
- Related: $0
- Other: $0
- Compensation: $143,960
- Related: $0
- Other: $20,597
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- Other: $0
Where can I find the form 990 for Gsma Mobile For Development Foundation Inc?
Gsma Mobile For Development Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gsma Mobile For Development Foundation Inc
The GSMA Mobile For Development Foundation Inc is a charitable organization dedicated to creating and fostering projects that utilize mobile communications to alleviate poverty and improve the lives of the underprivileged and distressed. With a focus on emerging markets, the Foundation serves as a catalyst for building partnerships between start-ups and mobile operators.
By bridging the gap between innovators and operators, the GSMA Ecosystem Accelerator program helps to bring about commercially sustainable mobile products and services that can reach scale. In doing so, the Foundation enables operators to contribute their assets and expertise to the most promising ideas, while supporting innovators in securing the necessary funding and direction to bring their creations to market. Ultimately, the Foundation's efforts aim to deliver the most impactful mobile solutions to those in need, generating significant socio-economic impact. Through its mission, the GSMA Mobile For Development Foundation Inc is committed to making a meaningful difference in the lives of countless individuals and communities.
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Impact
October, 2024
Gsma Mobile For Development Foundation Inc has a significant impact by leveraging mobile communications to address the challenges faced by the poor, distressed, and underprivileged populations in emerging markets. Through its Ecosystem Accelerator program, the foundation facilitates partnerships between startups and mobile operators, striving to scale innovative mobile services that meet pressing social needs.
By fostering collaboration, the foundation helps innovators connect with operators, who can provide valuable resources and expertise. This synergy supports the development of commercially sustainable mobile products and services, ultimately enhancing their reach and effectiveness. With a focus on generating socio-economic impact, the foundation enables the most impactful mobile solutions to reach the communities that require them, improving access to essential services and opportunities.
The foundation's mission not only addresses immediate socio-economic challenges but also contributes to the overall growth of mobile ecosystems in emerging markets, ensuring that technology serves as a tool for empowerment and progress.
This information is meant to be a general summary of Gsma Mobile For Development Foundation 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: $24,580,259
Assets and Liabilities:
- Total Assets: $8,779,142
- Total Liabilities: $7,565,981
- Net Assets: $1,213,161
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Organization Details
Founding Year
2007
Phone
(678) 281-6600Principal Officer
John Giusti
Main Address
165 OTTLEY DR NE 203, ATLANTA, GA, 30324
NTEE Category
Code: Q30 - International
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