2024-10-08T20:28:13-05:00 2023-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2023-01-01 455015494 INSTIGLIO INC INST 8136702320 175 19TH STREET 701 BROOKLYN NY 11232 AVNISH GUNGADURDOSS CEO 8136702320 2024-10-08 1 0 RICHARD J LOCASTRO CPA P00288314 3019519090 2023 2024-10-15 13:58:12Z X AVNISH GUNGADURDOSS 175 19TH STREET 701 BROOKLYN NY 11232 4891769 0 X WWW.INSTIGLIO.ORG X 2012 MA SEE PART III, LINE 1. 4 3 0 4 0 0 1685000 1144891 4029192 3728277 1948 18326 0 275 5716140 4891769 2485597 2920024 0 0 46222 35071 0 0 44605 821568 983987 3353387 3939082 2362753 952687 3222096 3992974 93897 160789 3128199 3832185 X INSTIGLIO'S MISSION IS TO EMPOWER LEADERS IN THE SOCIAL, PUBLIC, AND PRIVATE SECTORS TO IMPROVE THE IMPACT OF SOCIAL PROGRAMS IN DEVELOPING COUNTRIES BY TYING FUNDING TO RESULTS. 0 0 3716716 2920024 3728277 RESULTS-BASED FINANCING MODEL DESIGN: WE PROVIDE TECHNICAL ASSISTANCE TO STRUCTURE ANY AND ALL OF THE FOLLOWING FEATURES RELEVANT TO RBF: FEASIBILITY STUDIES, INTERVENTION ANALYSIS, OUTCOME METRICS, VERIFICATION SYSTEM, FINANCIAL MODEL, CONTRACT STRUCTURE, CAPITAL RAISE AND IMPACT EVALUATION. WE ALSO SUPPORT OUR PARTNERS DURING THE NEGOTIATION PROCESS, MANAGEMENT OF THE CONTRACT AND IMPLEMENTATION OF THE PROJECT. PERFORMANCE MANAGEMENT: WE HELP SERVICE PROVIDERS DEVELOP OR UPGRADE THEIR PERFORMANCE MANAGEMENT SYSTEMS. TOGETHER WE VET THE THEORY OF CHANGE, IDENTIFY INTERMEDIATE INDICATORS, AND CREATE A DASHBOARD TO MONITOR AND INFLUENCE OUTCOMES IN REAL TIME. HAVING THIS SYSTEM AND CULTURE IN PLACE IS AN IMPORTANT STEP TOWARDS PARTICIPATING AND SUCCEEDING IN RESULTS-BASED FINANCING. 3716716 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 1 CO KE PE MO 0 0 0 0 0 0 0 0 0 0 X 4 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 MA X JULIA LORAQUE 8136702320 175 19TH STREET 701 BROOKLYN NY 11232 AVNISH GUNGADURDOSS BOARD MEMBER/CEO 3.00 37.00 X X 0 105348 0 JONATHAN BAILEY CHAIR 1.00 0.45 X X 0 0 0 DAVID GOSLIN BOARD MEMBER 1.00 0.45 X 0 0 0 BARBARA LEE BOARD MEMBER 1.00 0.45 X 0 0 0 JULIA LORAQUE TREASURER 3.00 37.00 X 0 68692 0 0 174040 0 0 0 0 0 HR SOLUTION TORACKER PARK 11 9100 HERISAU SCHWEIZ SZ PROJECT CONSULTING SERVICES 165967 1 1144891 1144891 ADVISORY FEES 900099 3728277 3728277 3728277 18326 18326 FOREIGN EXCHANGE GAIN 900099 275 275 275 4891769 3728277 0 18601 X 2920024 2920024 35071 27418 6118 1535 7941 6208 1385 348 52700 52700 668135 563544 73040 31551 23356 18260 4074 1022 46007 35968 8025 2014 516 403 90 23 9681 7568 1689 424 3842 3004 670 168 TAXES 105410 82409 18387 4614 DUES AND MEMBERSHIPS 50014 39101 8724 2189 FX LOSS 6954 5437 1213 304 REGISTRATION FEES 396 310 69 17 9035 7062 1577 396 3939082 3716716 177761 44605 652683 2097846 1072724 400006 569320 194000 785050 1417184 29040 20928 17792 8112 124527 -124174 3222096 3992974 93897 160789 93897 160789 X 1522656 2533421 1605543 1298764 3128199 3832185 3222096 3992974 X 952687 -248701 X 0 1 X 1 0 X 720000 1059611 1685000 1144891 4609502 720000 1059611 1685000 1144891 4609502 3658193 951309 143 5680 188 1948 18326 26285 943 1981 1815 275 5014 4640801 14202483 0.20500 0.23590 X INSTIGLIO QUALIFIES AS A PUBLIC CHARITY UNDER THE "FACTS AND CIRCUMSTANCES" TEST OF 1.170A-9(F)(3) OF THE TREASURY REGULATIONS, BASED UPON THE FOLLOWING:ITS SUPPORT, AS REPORTED FOR 2023, IS 20.50%, THEREBY MEETING THE REQUIREMENT OF 1.170A-9(F)(3)(I). INSTIGLIO IS ORGANIZED AND OPERATED SO AS TO ATTRACT NEW AND ADDITIONAL FUNDING ON A CONTINUOUS BASIS, THEREBY MEETING THE REQUIREMENT OF 1.170A-9(F)(3)(II). INSTIGLIO HAS RECENTLY UNDERTAKEN SIGNIFICANT EFFORTS TO ATTRACT NEW AND ADDITIONAL PUBLIC SUPPORT. INSTIGLIO'S PUBLIC SUPPORT, AT 20.50%, IS WELL ABOVE THE 10% MINIMUM REQUIRED FOR THE "FACTS AND CIRCUMSTANCES" TEST, THEREBY MEETING THE REQUIREMENT OF 1.170A-9(F)(3)(III). IN MEETING THE REQUIREMENT OF 1.170A-9(F)(3)(I), INSTIGLIO HAS RECEIVED SUPPORT FROM A REPRESENTATIVE NUMBER OF PERSONS, RATHER THAN RECEIVING ALL OR MOST OF ITS SUPPORT FROM THE MEMBERS OF A SINGLE FAMILY, OR FROM A SINGLE DONOR. INSTIGLIO'S CURRENT FUNDRAISING PLANS ARE TARGETED AT A BROAD BASE OF DONORS. IN THIS RESPECT, INSTIGLIO MEETS THE REQUIREMENT OF 1.170A-9(F)(3)(III)(B). INSTIGLIO REMAINS AN ORGANIZATION COMMITTED TO SERVING THE PUBLIC THROUGH ITS WORK. INSTIGLIO WORKS TO EMPOWER LEADERS IN THE SOCIAL, PUBLIC, AND PRIVATE SECTORS TO IMPROVE THE IMPACT OF SOCIAL PROGRAMS IN DEVELOPING COUNTRIES BY TYING FUNDING TO RESULTS. IN 2023, INSTIGLIO CONTINUED ITS INTERNATIONAL AND DOMESTIC PROGRAMS AND FURTHERED ITS RESULTS-BASED FINANCING MODEL AND PERFORMANCE MANAGEMENT. IN THIS MANNER, INSTIGLIO MEETS THE REQUIREMENT OF 1.170A-9(F)(3)(III)(D). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 29040 20928 8112 8112 5569236 677467 677467 4891769 0 4891769 4939733 1000651 1000651 3939082 0 3939082 PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITIES' REVENUE, NET OF INTERCOMPANY AMOUNTS OF 677,467. $2,994,507 ELIMINATED IN CONSOLIDATION, EXCLUDED FROM PART VIII PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITIES' EXPENSES, NET OF INTERCOMPANY GRANTS 1,000,651. OF $2,994,507 ELIMINATED IN CONSOLIDATION, EXCLUDED FROM PART IX 1 SOUTH AMERICA 2 42 GRANTS TO RECIPIENTS LOCATED IN THE REGION 1470271 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 942338 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 507415 MIDDLE EAST AND NORTH AFRICA 1 20 PROGRAM SERVICES CONSULTING SERVICES 553686 SUB-SAHARAN AFRICA 1 23 PROGRAM SERVICES CONSULTING SERVICES 819945 4 85 0 0 4 85 4293655 0 4293655 SOUTH AMERICA TECHNICAL SUPPORT AND ASSISTANCE TO INSTIGLIO INC MISSION 1467471 WIRE 0 SUB-SAHARAN AFRICA SUPPORT OF INSTIGLIO INC MISSION 942338 WIRE 0 MIDDLE EAST AND NORTH AFRICA TECHNICAL SUPPORT AND ASSISTANCE TO INSTIGLIO INC MISSION 507415 WIRE 0 1 2 1 0 1 0 0 0 PART I, LINE 2: TO MONITOR THE USE OF GRANT FUNDS OUTSIDE THE UNITED STATES, THE ORGANIZATION'S REQUIRES GRANTEES TO SUBMIT EXPENSE ALLOCATION REPORTS AFTER RECEIVING GRANT FUNDS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY SENIOR MANAGEMENT. INDIVIDUAL MEMBERS OF THE GOVERNING BODY WERE CONSULTED FOR INDIVIDUAL PARTS OF THE FORM 990 AND THE FINAL 990 WAS PROVIDED TO THE BOARD PRIOR TO FILING THE RETURN WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER, EXECUTIVE DIRECTOR AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SIGNS AN ANNUAL STATEMENT UPON SUCH INDIVIDUAL'S APPOINTMENT TO ANY SUCH OFFICE WHICH AFFIRMS SUCH PERSON HAS RECEIVED, READ, UNDERSTANDS, AND AGREES TO COMPLY WITH THE CONFLICTS OF INTEREST POLICY. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE LEAVES THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS A POLICY SET IN PLACE FOR DETERMINING BONUSES FOR ALL STAFF WHICH IS REVIEWED BY THE BOARD. SALARIES WERE SET FOLLOWING CONSULTATION OF INDEPENDENT ADVISORS AND DISCUSSION AMONGST MEMBERS OF THE GOVERNING BODY. COMPENSATORY DATA FROM OTHER 990S IS USED IN THE COMPENSATION PROCESS AND THE LAST COMPENSATION REVIEW TOOK PLACE IN FEBRUARY 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS OR POLICIES AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 429,695. MANAGEMENT AND GENERAL EXPENSES 55,692. FUNDRAISING EXPENSES 24,058. TOTAL EXPENSES 509,445. OUTSIDE CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 2,206. MANAGEMENT AND GENERAL EXPENSES 286. FUNDRAISING EXPENSES 123. TOTAL EXPENSES 2,615. PROJECTS: PROGRAM SERVICE EXPENSES 110,210. MANAGEMENT AND GENERAL EXPENSES 14,284. FUNDRAISING EXPENSES 6,170. TOTAL EXPENSES 130,664. RECRUITMENT: PROGRAM SERVICE EXPENSES 21,433. MANAGEMENT AND GENERAL EXPENSES 2,778. FUNDRAISING EXPENSES 1,200. TOTAL EXPENSES 25,411. FORM 990, PART XI, LINE 9: NET LOSS FROM SUBSIDIARIES IN CURRENT YEAR -248,701. CORPORACION INSTIGLIO CALLE 71 NO 5-41 BOGOTA CO 900551968 SUPPORT INSTIGLIO INC MISSION CO 501(C)(3) N/A 0 INSTIGLIO PERU AV EMILIO CAVENECIA 151-OFC 702 MIRAFLORES PE LIMA 15073 SUPPORT INSTIGLIO INC MISSION PE 501(C)(3) INSTIGLIO INC 1 INSTIGLIO KENYA LIMITED SENTEU PLAZA GALANA ROAD KILIMANI NAIROBI KE 00100 SUPPORT INSTIGLIO INC MISSION KE INSTIGLIO INC C 1058811 147625 1.00000 1 INSTIGLIO MOROCCO 79 AVENUE IBN SINA 2 EME RABAT MO 10000 SUPPORT INSTIGLIO INC MISSION MO INSTIGLIO INC C 729881 772966 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CORPORACION INSTIGLIO B 1467471 ACTUAL AMOUNT INSTIGLIO PERU B 2800 ACTUAL AMOUNT INSTIGLIO KENYA B 942338 ACTUAL AMOUNT INSTIGLIO MOROCCO B 507415 ACTUAL AMOUNT