2024-08-27T07:29:49-05:00 2023-12-31 420714325 RSM US LLP 7351 OFFICE PARK PLACE MELBOURNE FL 329408229 990 2023-01-01 232220051 INTERNATIONAL DEVELOPMENT ENTERPRISES INTE 3032324336 1031 33RD ST 270 DENVER CO 802052772 JOHN PASSAUER VP FINANCE 3032324336 2024-08-23 1 0 KELLI PECK P01423033 3217516200 2024-08-23 2023 2024-08-08 14:25:15Z IDE ELIZABETH WELCH 1031 33RD ST 270 DENVER CO 802052772 38514456 0 X WWW.IDEGLOBAL.ORG X 1982 PA IDE CREATES INCOME AND LIVELIHOOD OPPORTUNITIES FOR POOR, RURAL HOUSEHOLDS. 17 17 67 17 0 0 27528484 32281596 4649096 5389693 116505 192537 294003 638724 32588088 38502550 0 0 0 0 17237768 20073545 0 0 534483 13524778 16941313 30762546 37014858 1825542 1487692 15885714 19100254 8808310 10867933 7077404 8232321 X SEE SCHEDULE O FOR A MORE DETAILED DESCRIPTION OF IDE'S MISSION STATEMENT AND ACHIEVEMENTS. 0 0 29593997 6012616 IDE IS A GLOBAL DEVELOPMENT ORGANIZATION THAT ADVANCES MARKET-BASED APPROACHES IN AGRICULTURE; ACCESS TO FINANCE; AND WATER, SANITATION AND HYGIENE (WASH) TO CREATE INCOME AND LIVELIHOOD OPPORTUNITIES FOR ECONOMICALLY AND SOCIALLY DISADVANTAGED HOUSEHOLDS. IDE HAS MADE A DIFFERENCE BY DEVELOPING INCLUSIVE MARKET ECOSYSTEMS THAT ALLOW MORE PEOPLE TO PARTICIPATE IN THE ECONOMY, EXERCISE CHOICE THROUGH ECONOMIC FREEDOM AND ACHIEVE THEIR ASPIRATIONS. WITH FIELD OFFICES IN TEN COUNTRIES AROUND THE WORLD AND EMPLOYING 956 PEOPLE, 93% OF WHOM ARE LOCAL, IDE CREATES REAL CHANGE THAT GIVES PEOPLE THE POWER TO PROSPER ON THEIR OWN TERMS. 29593997 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 X 21 0 1 67 1 0 1 CB BG NP VM ET ZA GH MZ UV HO SZ IN UK 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 CO MA NY X X JOHN PASSAUER 7209241227 1031 33RD ST 270 DENVER CO 802052772 ROBERT HILL CHAIRMAN 3.00 0.00 X X 0 0 0 MARK FITZGERALD TREASURER 1.00 0.00 X X 0 0 0 TOM EBLING VICE CHAIR 1.00 0.00 X X 0 0 0 LEE ADDAMS BOARD DIRECTOR 1.00 0.00 X 0 0 0 GERRY DYCK BOARD DIRECTOR 1.00 0.00 X 0 0 0 BILL FAST BOARD DIRECTOR 1.00 0.00 X 0 0 0 JUDITH HERMANSON BOARD DIRECTOR 3.00 0.00 X 0 0 0 SHASHWAT JHA BOARD DIRECTOR 1.00 0.00 X 0 0 0 VENKATA KISHORE BOARD DIRECTOR 1.00 0.00 X 0 0 0 RICK KWAN BOARD DIRECTOR 1.00 0.00 X 0 0 0 ALIX LEBEC BOARD DIRECTOR 1.00 0.00 X 0 0 0 CHANDRA MADRAMOOTOO BOARD DIRECTOR 2.00 0.00 X 0 0 0 RICK MAZUR BOARD DIRECTOR 1.00 0.00 X 0 0 0 TED PAETKAU BOARD DIRECTOR (TO DEC 8, 2023) 1.00 0.00 X 0 0 0 LEN PENNER BOARD DIRECTOR 1.00 0.00 X 0 0 0 LINDA PORTER-COX BOARD DIRECTOR 1.00 0.00 X 0 0 0 JOYCE KING THOMAS BOARD DIRECTOR 2.00 0.00 X 0 0 0 ANA XIMENES BOARD DIRECTOR 1.00 0.00 X 0 0 0 ELIZABETH WELCH CEO 40.00 0.00 X 397830 0 67068 JOHN PASSAUER VP, FINANCE 40.00 0.00 X 172175 0 52800 KARRY DANGERFIELD VP, GLOBAL OPERATIONS 40.00 0.00 X 197880 0 49346 DEEPAK KHADKA COUNTRY DIRECTOR, MOZAMBIQUE 40.00 0.00 X 252742 0 70475 STEFANO GASPARINI COUNTRY DIRECTOR, MOZAMBIIQUE (TO MAY 2023) 40.00 0.00 X 194138 0 42748 KEVIN ROBBINS COUNTRY DIRECTOR, CAMBODIA 40.00 0.00 X 162338 0 28242 COREY O'HARA COUNTRY DIRECTOR, NEPAL 40.00 0.00 X 170529 0 16597 KATHERINE KOCH VP COMMUNICATIONS & MARKETING 40.00 0.00 X 153943 0 31516 MELANIE MACKINTOSH CONTROLLER 40.00 0.00 X 129379 0 39305 CAITLIN WARKENTIN VP, FUND DEVELOPMENT 40.00 0.00 X 131947 0 44821 1962901 0 442918 16 0 1 0 0 32281596 32281596 FIELD AND PROGRAM REVE 900099 5215687 5215687 CONSULTING FEES 900099 174006 174006 5389693 165943 165943 15801 0 15801 15801 15801 17952 19192 0 10550 17952 8642 26594 26594 1583 1356 227 227 OTHER REVENUE 900099 622696 622696 622696 38502550 6012616 0 208338 1497200 1101510 364606 31084 14631419 10764536 3563118 303765 379042 278867 92306 7869 3007891 2212947 732497 62447 557993 410523 135885 11585 125182 78333 44654 2195 197831 123794 70569 3468 1714621 1072932 611629 30060 43705 20073 23632 1659441 1333406 310242 15793 464070 367120 92693 4257 745440 598982 139364 7094 2689635 2250558 386636 52441 217204 175601 39214 2389 186041 85444 100597 395128 379900 15228 115010 52821 62189 OTHER IMPLEMENTATION 3322063 3314502 7561 SUBGRANTS 2506119 2506119 SUBCONTRACTS 2394010 2388562 5448 OTHER TAXES & FINES 112672 53060 59576 36 53141 24407 28734 37014858 29593997 6886378 534483 8067906 10912941 21854 147097 2007000 2349017 270722 631394 428372 459761 3022360 1778852 1125219 1243508 1988046 1668843 1976595 1687693 15885714 19100254 1824961 2986809 5120864 6052944 328803 396162 1533682 1432018 8808310 10867933 X 4374673 2807744 2702731 5424577 7077404 8232321 15885714 19100254 X 1487692 -332775 X X 0 1 X 1 1 1 X 22622217 23621424 20876130 27528484 32281596 126929851 22622217 23621424 20876130 27528484 32281596 126929851 6225741 120704110 15772 33550 36082 102450 181744 369598 183101 313254 153166 217335 622696 1489552 128789001 15114200 0.93720 0.93340 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2019 AMOUNT: $ 183,101. 2020 AMOUNT: $ 313,254. 2021 AMOUNT: $ 153,166. 2022 AMOUNT: $ 217,335. 2023 AMOUNT: $ 622,696. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3022360 1778852 1243508 1243508 INVESTMENT IN SUBSIDIARIES 1668843 F 1668843 DEPOSITS 88383 OTHER ASSETS & RECEIVABLES 554151 LEASED ASSET 1045159 1687693 INTERCOMPANY PAYABLES 325113 LEASE LIABILITY 1106905 1432018 X 41220280 2717730 2717730 38502550 0 38502550 39753822 2738964 2738964 37014858 0 37014858 PART X, LINE 2: IDE QUALIFIES AS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, NO PROVISION FOR FEDERAL INCOME TAXES HAS BEEN PROVIDED. IN ADDITION, IDE QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(C)(2) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). IDE FOLLOWS THE GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S CONSOLIDATED FINANCIAL STATEMENTS. IDE HAS NO CURRENT OBLIGATION FOR UNRELATED BUSINESS INCOME TAX. IDE FILES AS A TAX-EXEMPT ORGANIZATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: HYDROLOGIC REVENUES INCLUDED IN CONSOLIDATED AUDIT 843,624. IDE GHANA REVENUES INCLUDED IN CONSOLIDATED AUDIT 1,840,199. IDE FOUNDATION REVENUE INCLUDED IN CONSOLIDATED AUDIT 33,907. PART XII, LINE 2D - OTHER ADJUSTMENTS: HYDROLOGIC EXPENSES INCLUDED IN CONSOLIDATED AUDIT 1,082,597. IDE GHANA EXPENSES INCLUDED IN CONSOLIDATED AUDIT 1,651,090. IDE FOUNDATION EXPENSES INCLUDED IN CONSOLIDATED AUDIT 5,277. SOUTH ASIA 2 249 PROGRAM SERVICES AGRICULTURE, WATER, SANITATION & HYGIENE, ACCESS TO FINANCE, CLIMATE CHANGE, GENDER, NUTRITION AND FOOD SECURITY. 5571579 SUB-SAHARAN AFRICA 4 407 PROGRAM SERVICES AGRICULTURE, WATER, SANITATION & HYGIENE, ACCESS TO FINANCE, CLIMATE CHANGE, GENDER, NUTRITION AND FOOD SECURITY. 18381847 EUROPE (INCLUDING ICELAND & GREENLAND) 1 3 PROGRAM SERVICES AGRICULTURE, WATER, SANITATION & HYGIENE, ACCESS TO FINANCE, CLIMATE CHANGE, GENDER, NUTRITION AND FOOD SECURITY. 152389 CENTRAL AMERICA AND THE CARIBBEAN 1 18 PROGRAM SERVICES AGRICULTURE, WATER, SANITATION & HYGIENE, ACCESS TO FINANCE, CLIMATE CHANGE, GENDER, NUTRITION AND FOOD SECURITY. 857311 EAST ASIA AND THE PACIFIC 3 116 PROGRAM SERVICES AGRICULTURE, WATER, SANITATION & HYGIENE, ACCESS TO FINANCE, CLIMATE CHANGE, GENDER, NUTRITION AND FOOD SECURITY. 3371457 SUB-SAHARAN AFRICA 0 0 INVESTMENTS 743435 EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS 831714 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 197842 11 793 0 0 11 793 30107574 0 30107574 0 0 1 0 0 0 PART I, LINE 3: ACCRUAL METHOD X 1 1 X X X 1 0 0 0 0 0 0 0 0 ELIZABETH WELCH CEO 362713 0 35117 0 0 0 21763 0 45305 0 464898 0 0 0 DEEPAK KHADKA COUNTRY DIRECTOR, MOZAMBIQUE 167742 0 20000 0 65000 0 10065 0 60410 0 323217 0 0 0 KARRY DANGERFIELD VP, GLOBAL OPERATIONS 192880 0 5000 0 0 0 11573 0 37773 0 247226 0 0 0 STEFANO GASPARINI COUNTRY DIRECTOR, MOZAMBIIQUE (TO MA 73298 0 0 0 120840 0 4398 0 38350 0 236886 0 0 0 JOHN PASSAUER VP, FINANCE 167175 0 5000 0 0 0 10031 0 42769 0 224975 0 0 0 KEVIN ROBBINS COUNTRY DIRECTOR, CAMBODIA 117336 0 3542 0 41460 0 9524 0 18718 0 190580 0 0 0 COREY O'HARA COUNTRY DIRECTOR, NEPAL 114337 0 8000 0 48192 0 10092 0 6505 0 187126 0 0 0 KATHERINE KOCH VP COMMUNICATIONS & MARKETING 148943 0 5000 0 0 0 8937 0 22579 0 185459 0 0 0 CAITLIN WARKENTIN VP, FUND DEVELOPMENT 131947 0 0 0 0 0 7917 0 36904 0 176768 0 0 0 MELANIE MACKINTOSH CONTROLLER 129379 0 0 0 0 0 7763 0 31542 0 168684 0 0 0 PART I, LINE 1A HOUSING ALLOWANCES ARE PAID TO SOME EXPATRIATE STAFF AND INCLUDED IN TAXABLE COMPENSATION. PART I, LINE 4A STEFANO GASPARINI RECEIVED A SEVERANCE PAYMENT OF $108,405. FORM 990, PART III, LINE 1 IDE IS A GLOBAL DEVELOPMENT ORGANIZATION THAT SPANS OFFICES IN 12 COUNTRIES, ENCOMPASSING TWO SOCIAL ENTERPRISES, EMPLOYING OVER 1,200 PEOPLE DIRECTLY, AND INDIRECTLY ENABLING MANY MORE THROUGH OUR MARKET-BASED APPROACHES IN AGRICULTURE; WATER, SANITATION, AND HYGIENE (WASH); AND FINANCE. IDE CREATES INCOME AND LIVELIHOOD OPPORTUNITIES FOR POOR, RURAL HOUSEHOLDS IN AFRICA, ASIA, AND LATIN AMERICA. WE ARE DRIVEN TO END POVERTY, BUT WE DON'T DO SIMPLE HANDOUTS OF SUPPLIES OR CASH. INSTEAD, WE BELIEVE THAT EVERYONE HAS THE ABILITY TO INCREASE THEIR LIVELIHOODS AND BUILD LONG-TERM RESILIENCE OF THEIR OWN ACCORD. THEY MAY JUST NEED TRAINING OR CONNECTIONS TO SUPPLIERS AND CUSTOMERS. THAT'S WHERE WE COME IN AND WHAT WE MEAN WHEN WE SAY WE ARE "POWERING ENTREPRENEURS TO END POVERTY." OUR BOTTOM LINE IS MEASURABLY IMPROVING THE LIVES OF OUR CLIENTS: RURAL FARMERS, FAMILIES, AND SMALL BUSINESSES THAT ARE AMONG THE WORLD'S POOREST. IDE STRIVES FOR A GLOBAL AVERAGE OF $10 IN ANNUAL INCOME OR LIVELIHOOD SAVINGS FOR OUR CLIENTS FOR EVERY DOLLAR WE DEPLOY ACROSS OUR GLOBAL PORTFOLIO. UNDER THIS COMMITMENT, WE REPORT OUR SOCIAL RETURN ON INVESTMENT (SROI) OVER A THREE-YEAR ROLLING AVERAGE. IN THE PERIOD 2021-2023, WE ACHIEVED A GLOBAL AVERAGE OF $15.0 FOR EVERY DOLLAR INVESTED BY IDE. THIS IMPACT IS ROOTED IN REALITY, AND THE DATA IS READILY AVAILABLE TO OUR STAKEHOLDERS. THIS IS OUR METHOD OF ENSURING THAT THE INVESTMENTS BY OUR DONORS, THE RURAL ENTREPRENEURS THAT WE ARE WORKING WITH, THE CUSTOMERS THEY ARE SERVING, AND OUR STAFF ARE HAVING A MEASURABLE AND DIRECT IMPACT. IDE'S EFFORTS TO DATE HAVE HELPED NEARLY 41.1 MILLION PEOPLE ESCAPE POVERTY SINCE OUR INCEPTION 41 YEARS AGO, AND WE ARE COMMITTED TO GROWING OUR REACH AND IMPACT AS QUICKLY AS POSSIBLE. THAT'S WHY IDE IS LAUNCHING A NEW 10-YEAR IMPACT STRATEGY. UNDER THE STRATEGY BEING ANNOUNCED IN SEPTEMBER 2024, WE WILL SET AMBITIOUS GOALS TO POWER WOMEN ENTREPRENEURS IN PARTICULAR, AS WELL AS FOSTERING PROSPERITY AMONG MILLIONS OF LOW-INCOME PEOPLE. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF A MINIMUM OF FIVE AND A MAXIMUM OF SEVEN DIRECTORS OF THE BOARD INCLUDING THE CHAIRPERSON AND VICE-CHAIRPERSON OF THE BOARD AND SUCH OTHER BOARD MEMBERS AS SELECTED BY THE BOARD. THE COMMITTEE HAS THE POWER TO ACT FOR THE BOARD BETWEEN BOARD MEETINGS. ALL DECISIONS OF THE EXECUTIVE COMMITTEE ARE REPORTED TO THE BOARD AT ITS NEXT MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM WITH INFORMATION PROVIDED BY MANAGEMENT. THE FORM IS THEN REVIEWED BY THE CHIEF EXECUTIVE OFFICER, VICE PRESIDENT OF FINANCE AND THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS BEFORE BEING APPROVED BY THE FULL BOARD AND BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH POWERS DELEGATED BY THE BOARD OF DIRECTORS WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST ARE CONSIDERED AN INTERESTED PERSON AND MUST DISCLOSE ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, THE INTERESTED PERSON SHALL LEAVE THE BOARD OF DIRECTORS MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON BY THE REMAINING MEMBERS. THE REMAINING MEMBERS OF THE BOARD OF DIRECTORS DETERMINE IF A CONFLICT OF INTEREST EXISTS. IF A CONFLICT OF INTEREST EXISTS, THE INTERESTED PERSON MAY MAKE A PRESENTATION TO THE BOARD OF DIRECTORS, BUT AFTER THE PRESENTATION MUST LEAVE THE MEETING. THE REMAINING MEMBERS WILL DISCUSS AND VOTE ON THE TRANSACTION OR ARRANGEMENT INVOLVING THE CONFLICT OF INTEREST. THIS POLICY IS ENFORCED AT EACH BOARD MEETING WITH PROCEEDINGS DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15A IDE'S BOARD OF DIRECTORS SETS THE SALARY OF IDE'S CHIEF EXECUTIVE AND ALSO SETS PERFORMANCE OBJECTIVES FOR EACH FISCAL YEAR. PERFORMANCE AGAINST THESE METRICS DETERMINES, IN PART, ANNUAL SALARY INCREASE AND BONUS FOR THE CEO. IN 2023, IDE'S GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWED EXECUTIVE COMPENSATION FROM BIRCHES SALARY SURVEY TO BENCHMARK IDE'S EXECUTIVE COMPENSATION AGAINST OTHER ORGANIZATIONS AS WELL AS AGAINST IDE'S HR POLICY FRAMEWORK. COMPENSATION FOR OTHER HIGH-LEVEL PERSONNEL AND KEY EMPLOYEES IS REVIEWED AT LEAST ANNUALLY BY MEMBERS OF MANAGEMENT. A COMBINATION OF PERFORMANCE, MARKET RATES FROM THE BIRCHES SURVEY, PROFESSIONAL EXPERIENCE, AND SALARY HISTORY WERE USED BY MANAGEMENT TO SET THESE SALARIES. MANAGEMENT ENDEAVORS TO ENSURE THE COMPETITIVENESS AND APPROPRIATENESS OF SALARIES AND BENEFITS IN LINE WITH IDE'S HR POLICY FRAMEWORK. EVERY EFFORT IS MADE TO ENSURE THE PROCESS IS THOROUGH AND TRANSPARENT IN ACCORDANCE WITH IRS GUIDELINES AND IDE'S POLICIES AND PROCEDURES. ALL DECISIONS ARE DOCUMENTED IN PERSONNEL FILES. THIS PROCESS WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND ON THE ORGANIZATIONS WEBSITE. FORM 990, PART XI, LINE 9: FOREIGN CURRENCY TRANSLATION ADJUSTMENT -120,403. GAIN ON INVESTMENT IN SUBSIDIARIES -212,372. IDE UK MAINYARD STUDIOS 90 WALLIS RD HAC LONDON UK E9 5LN 822900576 CREATE INCOME AND LIVELIHOOD OPPORTUNITIES FOR RURAL POOR HOUSEHOLDS UK 398103 1310887 INTERNATIONAL DEVELOPMENT ENTERPRISES IDEAL TECHNOLOGIES LLC 1031 33RD STREET 270 DENVER CO 80205 454239275 TECHNOLOGIES CO 0 0 INTERNATIONAL DEVELOPMENT ENTERPRISES IDE VENTURES LLC 1031 33RD STREET 270 DENVER CO 80205 HOLDING COMPANY CO 0 0 INTERNATIONAL DEVELOPMENT ENTERPRISES IDE INTERNATIONAL FOUNDATION 1031 33RD ST SUITE 270 DENVER CO 802052763 FUNDRAISING SZ 501(C)(3) N/A INTERNATIONAL DEVELOPMENT ENTERPRISES 1 IDE GHANA C667/14 KWABENA BONNIE CRESCENT ACCRA GH WATER, SANITATION, HYGIENE AND ACCESS TO FINANCE GH 501(C)(3) N/A INTERNATIONAL DEVELOPMENT ENTERPRISES 1 GRASS ROOT - SMALL LAND HOLDER INITIATIVE A-77 DDA SHEDS OKHLA PHASE II NEW DELHI IN HELPING POOR FARMERS IN DEVELOPING COUNTRIES ESCAPE POVERTY IN 501(C)(3) N/A IDEAL TECHNOLOGIES LLC 1 HYDROLOGIC SOCIAL ENTERPRISE COMPANY LIMITED HOUSE 38B ST 494 PHSAR DEUM THKO PHNOM PENH CB MANUFACTURE AND SALE OF HOUSEHOLD WATER PURIFIERS IN CAMBODIA. CB INTERNATIONAL DEVELOPMENT ENTERPRISES C 843624 966575 1.00000 0 IDE VENTURES (SG) PTE LTD THE PLAZA 7500A BEACH ROAD 11-30 SINGAPORE SN OTHER HOLDING COMPANY SN INTERNATIONAL DEVELOPMENT ENTERPRISES C 1.00000 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 IDE INTERNATIONAL FOUNDATION D 115399 CHANGE IN INTERCOMPANY BALANCE