Nonprofit · EIN 46-2308947
GLOBAL DISTRIBUTION FUND INC
Also known as D-PRIZE
Tax-exempt · WILMINGTON, DE 19808
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,304,008 | $2,439,762 | -$135,754 | $1,285,299 | $1,848 | $1,283,451 |
| December 31, 2023 | 990 | $1,477,255 | $1,377,015 | $100,240 | $1,423,147 | $3,942 | $1,419,205 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,287,463
- Program service revenue
- $0
- Investment income
- $16,545
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,005,546
- Compensation of officers, directors and key employees
- $136,370
- Other salaries and wages
- $119,159
- Salaries, compensation and benefits (total)
- $282,554
- Professional fundraising fees
- $0
- Accounting fees
- $12,066
- Travel
- $13,031
- Program services (functional)
- $2,105,295
- Management and general (functional)
- $334,467
Balance sheet and other
- Total assets, start of year
- $1,423,147
- Total assets, end of year
- $1,285,299
- Total liabilities, end of year
- $1,848
- Net assets, end of year
- $1,283,451
- Net assets without donor restrictions
- $856,326
- Net assets with donor restrictions
- $427,125
- Gross receipts
- $2,304,008
- Employees
- 2
- Volunteers
- 12
- Year formed
- 2013
- State of legal domicile
- CA
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 |
|---|---|---|---|
| Nicholas Fusso | Vice President Trustee or director, Officer | 40 | $136,370 |
| Clifford Frey | Director Trustee or director | 1 | $0 |
| May Lim | Director Trustee or director | 1 | $0 |
| Andrew Youn | Director Trustee or director | 1 | $0 |
| Paul Youn | President & CEO Trustee or director, Officer | 1 | $0 |
| Charlot Magayi | Director Trustee or director | 1 | $0 |
| Moitshepi Matsheng | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Nicholas Fusso | Vice President Trustee or director, Officer | 40 | $135,839 |
| Clifford Frey | Director Trustee or director | 1 | $0 |
| May Lim | Director Trustee or director | 1 | $0 |
| Andrew Youn | Director Trustee or director | 1 | $0 |
| Paul Youn | President & CEO Trustee or director, Officer | 1 | $0 |
| Charlot Magayi | Director Trustee or director | 1 | $0 |
| Moitshepi Matsheng | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2711 CENTERVILLE RD STE 400, WILMINGTON, DE 19808-1645
- In care of
- % PORT WORKSPACES
- Principal officer (990 for 2024)
- Nicholas Fusso, 18 Bartol Street 1099, San Francisco, CA 94133
- Signed the 990
- Nicholas Fusso, Co-Founder/ Director
- Phone
- (415) 475-9024
- Website
- https://d-prize.org/
- Return prepared by
- Croce Sanguinetti & Vander Veen Inc
Mission
D-PRIZE IS DEDICATED TO INCREASING ACCESS TO POVERTY SOLUTIONS IN THE DEVELOPING WORLD. WE HELP SUPPORT NEW ORGANIZATIONS AND INDIVIDUALS THAT ARE DISTRIBUTING PROVEN SOLUTIONS TO THE BILLIONS OF PEOPLE IN NEED.
Program accomplishments
- PROVIDED FUNDING TO APPROXIMATELY OVER 35 VARIOUS STARTUP ORGANIZATIONS THAT ARE CREATING ACCESS TO POVERTY SOLUTIONS IN APPROXIMATELY 15 DIFFERENT COUNTRIES. THE OBJECTIVE IS TO CONTINUE TO FIND WAYS TO DISTRIBUTE PROVEN POVERTY INTERVENTIONS ON A MASS SCALE.Expenses $2,105,295
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
- 46-2308947
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q32)
- Assets (IRS master file)
- $1,285,299
- Income (IRS master file)
- $2,304,008
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,304,008 | $2,439,762 | $1,285,299 | XML |
| 990 | December 2023 | $1,477,255 | $1,377,015 | $1,423,147 | XML |
| 990 | December 2022 | $882,454 | $1,047,024 | $1,329,228 | 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 46-2308947).
Questions about GLOBAL DISTRIBUTION FUND INC
- What is the EIN of GLOBAL DISTRIBUTION FUND INC?
- The employer identification number (EIN) of GLOBAL DISTRIBUTION FUND INC is 46-2308947.
- Is GLOBAL DISTRIBUTION FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to GLOBAL DISTRIBUTION FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GLOBAL DISTRIBUTION FUND 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 DISTRIBUTION FUND 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 DISTRIBUTION FUND 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 DISTRIBUTION FUND INC?
- The 990 for the year ended December 31, 2024 names Nicholas Fusso.
- Who are the officers and directors of GLOBAL DISTRIBUTION FUND INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $136,370 (Nicholas Fusso, Vice President).
- How much revenue does GLOBAL DISTRIBUTION FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,304,008, expenses of $2,439,762 and total assets of $1,285,299 at year end.
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