Overview
What is Global Partnerships?
Global Partnerships, or GP, is a nonprofit organization based in Seattle, Washington. As of June 30, 2022, they had over $160 million invested in microfinance institutions, social businesses, and cooperatives in Latin America, the Caribbean, and Sub-Saharan Africa. Their mission is to expand opportunities for people living in poverty. They invest in social enterprises with sustainable solutions, focusing on initiatives that address various aspects of poverty, including livelihoods, education, energy, health, housing, and sanitation. The majority of their investments, over 87%, are made with microfinance institutions. Global Partnerships functions as an impact-first investor, using their charitable mission to create opportunities for those in need in developing countries around the world.
Official website here: www.globalpartnerships.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star rating)
Global Partnerships has received a solid Three-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The organization scored 85%, indicating effective management and responsible financial practices. The evaluation is based entirely on the Accountability & Finance category, showcasing their commitment to transparency and governance.
A highlight of their operations is an impressive program expense ratio of 92%, which suggests that a significant portion of their funds is directed towards their programs rather than administrative costs. Additionally, the organization is governed by a largely independent board, with 73% of its members meeting this criteria, further reinforcing its accountability to stakeholders.
While the rating is positive, it is important for potential donors to consider that the evaluation focuses solely on financial metrics. Although the organization demonstrates strong financial health and governance practices, the absence of performance metrics relating to program effectiveness may limit a complete understanding of its overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Global Partnerships legitimate?
Global Partnerships is a legitimate nonprofit organization registered as a 501(c)(3) entity. Global Partnerships 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: $1,101,063
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,298,974
For more financial information, click here
Official website here: www.globalpartnerships.org
What is the mission statement of Global Partnerships?
Global Partnerships is a charitable investor dedicated to expanding opportunities for people living in poverty in developing countries. As an impact-first investor, the organization focuses on investing in social enterprises with sustainable solutions that help improve the lives and increase the incomes of impoverished individuals. As of June 30, 2022, Global Partnerships had over $160 million invested in microfinance institutions, social businesses, and cooperatives across 28 countries in Latin America, the Caribbean, and Sub-Saharan Africa. The organization's investments address various aspects of poverty, including livelihoods, education, energy, health, housing, and sanitation. The majority of the funds (over 87%) are invested with microfinance institutions.
Official website here: www.globalpartnerships.org
Who is the CEO of Global Partnerships?
Rick Beckett is the CEO of Global Partnerships The CEO's salary of Global Partnerships is $413,183 and their total compensation is $506,934.
Official website here: www.globalpartnerships.org
What is the revenue of Global Partnerships?
Global Partnerships's revenue in 2024 was $15,867,523.
Official website here: www.globalpartnerships.org
Who are the executives of Global Partnerships and what are their salaries?
The average compensation at Global Partnerships during 2024 was $125,927. There are 27 employees and 16 volunteers at Global Partnerships.
Here are 24 key members and their salaries (Global Partnerships's CEO's salary is $413,183 and their total compensation is $506,934):
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- Compensation: $413,183
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- Other: $93,751
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- Compensation: $190,661
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- Compensation: $190,493
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- Compensation: $141,364
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- Other: $20,445
- Compensation: $128,892
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- Other: $20,248
Official website here: www.globalpartnerships.org
Where can I find the form 990 for Global Partnerships?
Global Partnerships's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.globalpartnerships.org
Learn more at the official website: www.globalpartnerships.org
Mission Statement of Global Partnerships
Global Partnerships, a mission-driven investor, strives to expand opportunities for individuals living in poverty in developing countries around the world. This impact-first organization focuses on investing in social enterprises with sustainable solutions that help impoverished people increase their incomes and improve their lives. As of June 30, 2022, Global Partnerships had over $160 million invested in 92 microfinance institutions, social businesses, and cooperatives in 28 countries in Latin America, the Caribbean, and Sub-Saharan Africa.
The organization's portfolio includes investments in 14 distinct initiatives that address various aspects of poverty across livelihoods, education, energy, health, housing, and sanitation. More than 87% of the funds invested by Global Partnerships are allocated to microfinance institutions. Through these investments, Global Partnerships empowers individuals and communities to overcome poverty and build a better future for themselves. By providing access to financial resources, the organization enables people to start businesses, invest in their education, and improve their overall well-being.
Global Partnerships' investments not only offer financial assistance but also contribute to the long-term development of communities. In doing so, the organization creates opportunities for sustainable growth and helps break the cycle of poverty. Global Partnerships' mission reflects a commitment to making a tangible difference in the lives of people living in poverty, fostering hope and creating a brighter future for them and their families.
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Impact
October, 2024
Global Partnerships has a significant impact on alleviating poverty and enhancing opportunities for individuals in developing countries. With over $160 million invested in 92 microfinance institutions, social businesses, and cooperatives across 28 countries in Latin America, the Caribbean, and Sub-Saharan Africa, their approach focuses on sustainable solutions that empower impoverished communities.
By targeting 14 distinct initiatives, Global Partnerships addresses various aspects of poverty, including livelihoods, education, energy, health, housing, and sanitation. A remarkable 87% of their investments are directed towards microfinance institutions, which play a crucial role in providing financial services to underserved populations, allowing them to start businesses, improve their living conditions, and increase their incomes.
Through its impact-first investing strategy, Global Partnerships not only provides essential financial resources but also fosters social enterprises that create lasting change. Their work contributes to building resilience among communities, ultimately improving lives and expanding economic opportunities for those most in need.
This information is meant to be a general summary of Global Partnerships. 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 2024.
- Investment Income: $1,826,488
- Program Service Revenue: $11,507,294
- Gross Receipts: $16,429,750
Assets and Liabilities:
- Total Assets: $181,973,037
- Total Liabilities: $162,743,576
- Net Assets: $19,229,461
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SOCIAL INV LOANS INT
Revenue
$11,167,302
LOAN COMMITMENT FEES
Revenue
$339,992
Organization Details
Founding Year
2002
Principal Officer
Michael T Galgon
Website
www.globalpartnerships.orgNTEE Category
Code: F99 - Mental health
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