Nonprofit · EIN 46-0485203
GLOBAL FOUNDATION FOR DEMOCRACY AND DEVELOPMENT INC
Tax-exempt · NEW YORK, NY 10017
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,040,703 | $1,130,494 | -$89,791 | $680,825 | $760,772 | -$79,947 |
| December 31, 2023 | 990 | $1,305,430 | $1,100,121 | $205,309 | $952,558 | $968,679 | -$16,121 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,039,413
- of which government grants
- $79,456
- Program service revenue
- $340
- Investment income
- $0
- Other revenue
- $950
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $169,704
- Other salaries and wages
- $100,696
- Salaries, compensation and benefits (total)
- $336,201
- Professional fundraising fees
- $0
- Legal fees
- $726
- Accounting fees
- $56,692
- Occupancy
- $313,778
- Travel
- $4,189
- Depreciation
- $576
- Program services (functional)
- $537,918
- Management and general (functional)
- $485,713
- Fundraising (functional)
- $106,863
Balance sheet and other
- Total assets, start of year
- $952,558
- Total assets, end of year
- $680,825
- Total liabilities, end of year
- $760,772
- Net assets, end of year
- -$79,947
- Land, buildings and equipment
- $191,115
- Net assets without donor restrictions
- -$79,947
- Gross receipts
- $1,040,703
- Employees
- 3
- Volunteers
- 8
- Year formed
- 2002
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NATASHA DESPOTOVIC | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $155,237 | $14,467 |
| DR LEONEL FERNANDEZ | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| YAMILE EUSEBIO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALEXANDER ANDUJAR JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DALCIO ANDUJAR JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RODOLFO FUERTES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HECTOR DIONISIO PEREZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSE J ZAITER | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NATASHA DESPOTOVIC | EXECUTIVE DIRECTOR/TREASURER Trustee or director, Officer | 40 | $155,253 | $10,418 |
| DR LEONEL FERNANDEZ | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| YAMILE EUSEBIO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALEXANDER ANDUJAR JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DALCIO ANDUJAR JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RODOLFO FUERTES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HECTOR DIONISIO PEREZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSE J ZAITER | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 780 3RD AVE RM 1903, NEW YORK, NY 10017-2109
- In care of
- % DALCIO ANDUJAR JR
- Principal officer (990 for 2024)
- NATASHA DESPOTOVIC, 780 THIRD AVENUE 1903, NEW YORK, NY 10017
- Signed the 990
- NATASHA DESPOTOVIC, EXECUTIVE DIRECTOR
- Phone
- (212) 751-5000
- Website
- WWW.GLOBALFOUNDATIONDD.ORG
- Return prepared by
- CBIZ ADVISORS LLC
Mission
THE MISSION OF GLOBAL FOUNDATION FOR DEMOCRACY & DEVELOPMENT, INC. (GFDD) IS TO DEVELOP ALLIANCES WITH INTERNATIONAL PARTNERS TO FORMULATE AND IMPLEMENT INITIATIVES PROMOTING SUSTAINABLE SOCIO-ECONOMIC DEVELOPMENT AND THE STRENGTHENING OF DEMOCRACY IN THE DOMINICAN REPUBLIC AND LATIN AMERICA. GFDD DEVELOPS, BUILDS, AND REINFORCES COLLABORATION AND EXCHANGE AMONG INSTITUTIONS AND THE DOMINICAN GENERAL PUBLIC, THE DOMINICAN DIASPORA AND THE REST OF THE WESTERN HEMISPHERE.
Program accomplishments
- INTERNATIONAL AFFAIRS:IT COMPRISES OF FIVE IMPORTANT INITIATIVES: GLOBAL FORUM LATIN AMAERICA AND THE CARIBBEAN MAIN OBJECTIVE IS TO PROMOTE A SPACE FOR DEBATE AND OFFER COMPREHENSIVE PLATFORM FOR THE EXCHANGE OF IDEAS, DISCUSSION AND ANALYSIS ON THE CURRENT ROLE OF LATIN AMERICA AND THE CARIBBEAN IN THE GLOBAL ARENA. COLLABORATION WITH THE UNITED NATIONS: GFDD IS NON-PROFIT ORGANIZATION WITH CONSULTATIVE STATUS WITH MANY AGENCIES OF THE UN. GFDD IS DEDICATED TO PROMOTING AND ADVANCING ISSUES AT THE FOREFRONT OF THE UNITED NATIONS' AGENDA BY REGULARLY PARTICIPATING IN THE UN AGENCIES' DISCUSSIONS AND MEETINGS AND CONTRIBUTE SUBSTANTIVELY TO REPORTS AND POSITION PAPERS. COLLABORATION WITH THE OAS: GFDD IS CIVIL SOCIETY ORGANIZATION AFFILIATED WITH THE ORGANIZATION OF AMERICAN STATES (OAS) AND ACTIVE SUPPORTERS OF THE ORGANIZATION'S AIMS AND OBJECTIVES, OF THE INTER-AMERICAN SYSTEM AND THE SUMMIT OF THE AMERICAS PROGRAM. JOINT SPECIFIC INITIATIVES IN THE FIELD OF DEMOCRACY, REGIONAL INTEGRATION, TRADE, ENVIRONMENT, EDUCATION, CULTURE, DRUG ABUSE PREVENTION ARE DEVELOPED AND IMPLEMENTED WITH DIFFERENT DEPARTMENTS AND DIVISIONS OF THE OAS. COLLABORATION WITH UNA-DR: GFDD ORGANIZES IN ASSOCIATION WITH THE UNITED NATIONS ASSOCIATION OF DOMINICAN REPUBLIC ACTIVITIES SUCH AS THE MODEL UN, MODEL OAS, MODEL INTER-AMERICAN HUMAN RIGHTS SYSTEM, WHICH OFFER VALUABLE LEARNING AND CIVIC LEADERSHIP EXPERIENCES TO THOUSANDS OF YOUNG STUDENTS FROM DOMINICAN REPUBLIC AND LATIN AMERICA.Expenses $362,591 · revenue $340
- CULTURE & DIASPORA:IT COMPRISES OF FIVE IMPORTANT INITIATIVES: GDAE INTRODUCES DOMINICAN STUDENTS TO THE AMERICAN STYLE OF LIBERAL ARTS EDUCATION AND ENCOURAGES DIALOGUE BETWEEN DOMINICAN STUDENTS AND THEIR DOMINICAN-AMERICAN COUNTERPARTS ATTENDING THESE INSTITUTIONS. DOMINICANAONLINE IS AN INTERACTIVE PORTAL IN BOTH SPANISH AND ENGLISH ABOUT THE DOMINICAN REPUBLIC THAT PRESENTS THE COUNTRY IN ALL ITS FACETS TO A NATIONAL AND INTERNATIONAL AUDIENCE. DOMINICAN FILM SHOWCASE CONTRIBUTES TO THE DISSEMINATION OF THE BEST CONTEMPORARY FILMS PRODUCED IN THE DOMINICAN REPUBLIC, BY DOMINICAN FILMMAKERS, ABOUT DOMINICAN TOPICS. DOMINICAN GET-TOGETHERS PROMOTES THE UNDERSTANDING AND APPRECIATION OF THE DOMINICAN CULTURE, VALUES AND HERITAGE BY CREATING ACTIVITIES TO BRING TOGETHER MEMBERS OF THE DOMINICAN COMMUNITY THAT LIVE IN THE U.S. DOMINICAN WEEK: GFDD CREATES AND PARTICIPATES IN ACTIVITIES DURING THAT WEEK IN ASSOCIATION WITH THE AMERICAN CHAMBER OF COMMERCE OF THE DOMINICAN REPUBLIC BY PROMOTING NETWORKING AND CREATING OPPORTUNITIES, ALLIANCES AND EXCHANGE BETWEEN THE DOMINICANS RESIDING IN THEIR HOMELAND AND ABROAD.Expenses $114,987
- EDUCATION:IT COMPRISES OF FIVE IMPORTANT INITIATIVES: GLOBAL ROUNDTABLES IS AN ASSOCIATION WITH THE UNITED NATIONS AND OTHER ORGANIZATIONS WHERE GFDD ORGANIZES REGULAR INTERVIEWS WITH AMBASSADORS, THINK-TANK EXPERTS AND MULTILATERAL INSTITUTIONS REPRESENTATIVES. INTERDOM WHICH IS THE LEADING INTERNSHIP AND ACADEMIC STUDY PROGRAM IN THE DOMINICAN REPUBLIC. FELLOWS PROGRAM DEVELOPS A COMMUNITY OF SCHOLARS THAT CONTRIBUTES TO THE GROWING BODY OF RESEARCH ON MATTERS OF INTERNATIONAL CONCERN DIRECTLY IMPACTING THE DOMINICAN REPUBLIC. PUBLICATIONS: GFDD PUBLISHES BOOKS ON TOPICS RELEVANT TO THE DOMINICAN REPUBLIC AND THE WORLD CONTRIBUTING TO SUSTAINABLE SOCIAL, DEMOCRATIC, ECONOMIC AND CULTURAL DEVELOPMENT. EDUCATION & TECHNOLOGY: GFDD OFFERS TRAINING PROGRAMS, SEMINARS, WORKSHOPS, CONFERENCES AND DISCUSSION FORUMS TO AUDIENCES IN THE DOMINICAN REPUBLIC.Expenses $60,340
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-0485203
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W05)
- Assets (IRS master file)
- $680,825
- Income (IRS master file)
- $1,040,703
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,040,703 | $1,130,494 | $680,825 | XML |
| 990 | December 2023 | $1,305,430 | $1,100,121 | $952,558 | XML |
| 990 | December 2022 | $1,235,076 | $1,234,753 | $1,261,584 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-0485203).
Questions about GLOBAL FOUNDATION FOR DEMOCRACY AND DEVELOPMENT INC
- What is the EIN of GLOBAL FOUNDATION FOR DEMOCRACY AND DEVELOPMENT INC?
- The employer identification number (EIN) of GLOBAL FOUNDATION FOR DEMOCRACY AND DEVELOPMENT INC is 46-0485203.
- Is GLOBAL FOUNDATION FOR DEMOCRACY AND DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to GLOBAL FOUNDATION FOR DEMOCRACY AND DEVELOPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GLOBAL FOUNDATION FOR DEMOCRACY AND DEVELOPMENT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GLOBAL FOUNDATION FOR DEMOCRACY AND DEVELOPMENT INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GLOBAL FOUNDATION FOR DEMOCRACY AND DEVELOPMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GLOBAL FOUNDATION FOR DEMOCRACY AND DEVELOPMENT INC?
- The 990 for the year ended December 31, 2024 names NATASHA DESPOTOVIC.
- Who are the officers and directors of GLOBAL FOUNDATION FOR DEMOCRACY AND DEVELOPMENT INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $155,237 (NATASHA DESPOTOVIC, EXECUTIVE DIRECTOR).
- How much revenue does GLOBAL FOUNDATION FOR DEMOCRACY AND DEVELOPMENT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,040,703, expenses of $1,130,494 and total assets of $680,825 at year end.
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