EIN 47-4045086

Global Innovation Fund

IRS 501(c) type
501(c)(3)
Num. employees
8
Year formed
2015
Most recent tax filings
2022-12-01
Description
The Global Innovation Fund invests in social innovations that aim to improve the lives and opportunities of millions of people in the developing world. Its mission is to support innovations that will improve lives for hundreds of millions of people across multiple developing countries, as innovation has already had a very significant impact upon the lives of millions in developing countries.
Total revenues
$1,305,755
2022
20182019202020212022$1m$2m$3m
Total expenses
$1,305,755
2022
20182019202020212022$1m$2m$3m
Total assets
$79,675
2022
20182019202020212022$0$0.2m$0.4m
Num. employees
8
2022
2018201920202021202201020

Program areas at Global Innovation Fund

The Global Innovation Fund (gif) works to support innovations that will improve lives for hundreds of millions of people across multiple developing countries. Whilst many innovations originally created for developing countries have had a very significant impact in developing countries, developing countries frequently face unique challenges requiring solutions which meet their specific needs and circumstances. Gif defines "Innovation" broadly: any solution to a developmental challenge that has the potential to improve the lives of the poor in developing countries more effectively than existing approaches. This could, for example, include the development of new products, services, business models, or policy practices that benefit poor and vulnerable communities or the development of new ways to deliver or to adapt existing products, services, business models, or policy practices in order to ensure that they become more effective at reaching the poor. There are high costs in developing and bringing an Innovation to scale yet successful innovators typically only capture a small fraction of the benefits of their work. This is particularly so in the context of Innovation for the benefit of the poor in developing countries. This results in market failure as potential innovators are not incentivized to make socially beneficial investments leading to underinvestment. This limits Innovation by both the private and the public sector. In the private sector, innovators cannot capture all investment returns as successful innovations often invite early imitation by competitors whilst their development is often time consuming, risky and expensive--this can discourage investment outright. In the public sector, there is even less return to the Innovation investor. Innovation developers may find themselves blamed for failures that are likely to arise and cannot capture any form of market return. Such market failure provides a key imperative for the publicly funded support for Innovation which is directed at the problems affecting the world's poorest.

Personnel at Global Innovation Fund

NameTitleCompensation
Alix ZwaneChief Executive Officer$251,780
Joseph SsentongoChief Operating Officer
Avinash MishraChief Investment Officer and Head of Gif Growth
Amelie BaudotSecretary$44,014
James MazzarellaSenior Vice President$255,891
...and 12 more key personnel

Financials for Global Innovation Fund

RevenuesFYE 12/2022
Total grants, contributions, etc.$1,305,755
Program services$0
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,305,755

Form 990s for Global Innovation Fund

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-19990View PDF
2021-122022-08-31990View PDF
2020-122021-05-28990View PDF
2019-122021-01-21990View PDF
2018-122019-06-19990View PDF
...and 4 more Form 990s

Organizations like Global Innovation Fund

OrganizationLocationRevenue
House of GGLittle Rock, AR$802,468
Silicon Valley De-BugSan Jose, CA$2,736,583
The New Jersey Institute for Social JusticeNewark, NJ$3,935,108
EchozGreat Falls, MT$573,884
The Reno Initiative for Shelter and EqualityReno, NV$3,180,349
SaheliBurlington, MA$952,455
Center for the Working PoorLos Angeles, CA$359,276
Organization for Social Media SafetyValencia, CA$450,073
RemakeSan Francisco, CA$1,030,441
Resolution Systems InstituteChicago, IL$826,199
Data update history
December 1, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 27, 2023
Used new vendors
Identified 1 new vendor, including
September 25, 2023
Updated personnel
Identified 10 new personnel
August 1, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 7, 2023
Updated personnel
Identified 4 new personnel
Nonprofit Types
Social advocacy organizationsHuman service organizationsCharities
Issues
Human services
Characteristics
Tax deductible donationsAccepts online donations
General information
Address
1201 Connecticut Ave NW 600
Washington, DC 20036
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
District of Columbia, DC
Website URL
globalinnovation.fund/ 
Phone
(202) 817-4579
IRS details
EIN
47-4045086
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2015
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
P20: Human Service Organizations
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Independent
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