Overview
What is Global Foundation For Democracy & Development Inc?
Global Foundation for Democracy & Development Inc, based in New York, is a nonprofit organization dedicated to fostering collaborations that promote sustainable socio-economic development and strengthen democracy in the Dominican Republic and Latin America. Their initiatives include collaborating with international partners to formulate and execute projects, as well as building and reinforcing partnerships among institutions and the Dominican public, diaspora, and the wider Western Hemisphere. The organization actively participates in discussions and meetings with various United Nations agencies, contributing significantly to reports and position papers. Additionally, it has a consultative status with many UN agencies and supports the Organization of American States (OAS) and its objectives. The Global Foundation for Democracy & Development Inc also organizes events with the United Nations Association of Dominican Republic, providing valuable learning and civic leadership experiences for students. With a team of three dedicated employees, the organization strives to make a meaningful impact in the realm of international affairs.
Official website here: www.globalfoundationdd.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 41% (Zero-Star out of Four Star rating)
The Global Foundation for Democracy & Development Inc has received a low rating of 41%, indicating significant issues in accountability and finance. While the organization does have a majority of independent board members and maintains essential policies for conflict of interest and whistleblower protection, its financial reporting is severely lacking, with no financial statements available to assess its fiscal health.
Additionally, the organization has a concerning liabilities to assets ratio of 117.55%, which suggests it may be operating beyond its means. Although it spends a considerable portion of its budget on programs, the program expense ratio of 50.07% still raises concerns about overall financial sustainability. The absence of key financial documents on its website further contributes to the lack of transparency.
In summary, while the Global Foundation for Democracy & Development Inc demonstrates some strengths in governance, its overall financial management and transparency are areas of significant concern that potential donors should carefully consider.
This AI summary has been generated from information found on Charity Navigator.
Is Global Foundation For Democracy & Development Inc legitimate?
Global Foundation For Democracy & Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Global Foundation For Democracy & Development 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: $167,438
Professional Fundraising Fees: $0
Other Salaries and Wages: $134,820
For more financial information, click here
Official website here: www.globalfoundationdd.org
What is the mission statement of Global Foundation For Democracy & Development Inc?
The Global Foundation for Democracy & Development Inc's mission is centered around fostering collaborations between organizations in the United States and the Dominican Republic. The primary objective of this foundation is to formulate and implement initiatives that promote sustainable socio-economic development and strengthen democracy in the Dominican Republic and Latin America. The foundation actively develops, builds, and reinforces collaboration and exchanges among institutions, the Dominican general public, the Dominican diaspora, and the wider Western Hemisphere.
Official website here: www.globalfoundationdd.org
Who is the CEO of Global Foundation For Democracy & Development Inc?
Natasha Despotovic is the Executive Director/Treasurer of Global Foundation For Democracy & Development Inc.
Official website here: www.globalfoundationdd.org
What is the revenue of Global Foundation For Democracy & Development Inc?
Global Foundation For Democracy & Development Inc's revenue in 2022 was $1,235,076.
Official website here: www.globalfoundationdd.org
Who are the executives of Global Foundation For Democracy & Development Inc and what are their salaries?
The average compensation at Global Foundation For Democracy & Development Inc during 2022 was $100,753. There are 3 employees and 7 volunteers at Global Foundation For Democracy & Development Inc.
Here are 8 key members and their salaries:
- Compensation: $155,237
- Related: $0
- Other: $12,201
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.globalfoundationdd.org
Where can I find the form 990 for Global Foundation For Democracy & Development Inc?
Global Foundation For Democracy & Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.globalfoundationdd.org
Learn more at the official website: www.globalfoundationdd.org
Mission Statement of Global Foundation For Democracy & Development Inc
The Global Foundation for Democracy & Development Inc, in its mission, strives to establish partnerships with international organizations. Its primary goal is to create and implement initiatives that foster sustainable socio-economic development and strengthen democracy in the Dominican Republic and Latin America. The organization actively works on building and reinforcing collaboration and exchange among various institutions, the Dominican general public, the Dominican diaspora, and other entities in the Western Hemisphere. By doing so, Global Foundation for Democracy & Development Inc aims to promote a harmonious and democratic environment, contributing to the betterment of the region.
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Impact
July, 2024
The Global Foundation For Democracy & Development Inc has a significant impact on promoting sustainable socio-economic development and strengthening democracy in the Dominican Republic and Latin America. Through its various initiatives, such as developing collaborations with organizations in the U.S. and the Dominican Republic, engaging in international affairs, and working closely with organizations like the United Nations and the Organization of American States, GFDD plays a crucial role in fostering meaningful dialogue, exchanging ideas, and implementing specific projects in areas such as democracy, regional integration, trade, environment, education, culture, and drug abuse prevention.
By actively participating in the discussions and meetings of UN agencies, contributing to reports and position papers, and organizing civic leadership activities for young students, GFDD is dedicated to advancing issues at the forefront of the international agenda. Its mission to build alliances with international partners and strengthen collaboration and exchange among institutions and the general public in the Dominican Republic and beyond is essential for creating positive social change and promoting public benefit.
This information is meant to be a general summary of Global Foundation For Democracy & Development 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.
- Program Service Revenue: $267
- Gross Receipts: $1,235,076
Assets and Liabilities:
- Total Assets: $1,261,584
- Total Liabilities: $1,483,014
- Net Assets: -$221,430
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BOOK SALES REVENUE
Revenue
$267
Organization Details
Founding Year
2002
Phone
(212) 751-5000Principal Officer
Natasha Despotovic
Main Address
780 THIRD AVENUE 1903, NEW YORK, NY, 10017
Website
www.globalfoundationdd.orgNTEE Category
Code: W05 - Public benefit
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