2025-09-23T08:50:59-05:00 2024-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2024-01-01 455015494 INSTIGLIO INC INST 8136702320 175 19TH STREET 701 BROOKLYN NY 11232 AVNISH GUNGADURDOSS CEO 8136702320 2025-09-23 1 0 RICHARD J LOCASTRO CPA P00288314 3019519090 2024 2025-03-06 01:10:19Z AVNISH GUNGADURDOSS 175 19TH STREET 701 BROOKLYN NY 11232 5618021 0 X WWW.INSTIGLIO.ORG X 2012 MA SEE PART III, LINE 1. 4 3 1 4 0 0 1144891 3612074 3728277 1983404 18326 22099 275 444 4891769 5618021 2920024 5294332 0 0 35071 6249 0 0 57509 983987 1254278 3939082 6554859 952687 -936838 3992974 3511684 160789 392164 3832185 3119520 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 6268160 5294332 1983404 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. 6268160 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 X 0 0 1 1 0 1 CO KE PE MO MP 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 193987 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 66341 0 0 260328 0 0 0 1 0 HR SOLUTION TORACKER PARK 11 9100 HERISAU SCHWEIZ SZ PROJECT CONSULTING SERVICES 152242 1 323009 3289065 3612074 ADVISORY FEES 900099 1983404 1983404 1983404 22099 22099 FOREIGN EXCHANGE GAIN 900099 444 444 444 5618021 1983404 0 22543 X 5294332 5294332 6249 4885 1090 274 8215 6422 1433 360 57928 45288 10105 2535 918173 717822 160163 40188 27055 21152 4719 1184 142165 107458 27745 6962 8112 6342 1415 355 72623 56776 12668 3179 DUES AND MEMBERSHIPS 9312 7280 1624 408 OPERATION FEES 4198 158 3230 810 REGISTRATION FEES 773 29 595 149 FX LOSS 594 22 457 115 5130 194 3946 990 6554859 6268160 229190 57509 2097846 304138 400006 1519696 194000 966733 1417184 415125 29040 29040 8112 0 -124174 100170 0 205822 3992974 3511684 160789 186342 0 205822 160789 392164 X 2533421 1338778 1298764 1780742 3832185 3119520 3992974 3511684 X -936838 224173 X 0 1 X 1 0 X 1059611 1685000 1144891 3612074 7501576 1059611 1685000 1144891 3612074 7501576 4884231 2617345 5680 188 1948 18326 22099 48241 1981 1815 275 444 4515 7554332 14346303 0.34650 0.20500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 29040 29040 0 0 RIGHT-OF-USE-ASSET 205822 205822 OPERATING LEASE LIABILITY 205822 205822 5630455 12434 12434 5618021 0 5618021 6283782 -271077 -271077 6554859 0 6554859 PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITIES' REVENUE, NET OF INTERCOMPANY AMOUNTS OF 12,434. $5,181,594 ELIMINATED IN CONSOLIDATION, EXCLUDED FROM PART VIII PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITIES' EXPENSES, NET OF INTERCOMPANY GRANTS -271,077. OF $5,181,594 ELIMINATED IN CONSOLIDATION, EXCLUDED FROM PART IX 1 SOUTH AMERICA 2 38 GRANTS TO RECIPIENTS LOCATED IN THE REGION 1824114 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 2282390 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 1187828 SUB-SAHARAN AFRICA 2 27 PROGRAM SERVICES CONSULTING SERVICES 716286 MIDDLE EAST AND NORTH AFRICA 1 21 PROGRAM SERVICES CONSULTING SERVICES 1756464 5 86 0 0 5 86 7767082 0 7767082 SUB-SAHARAN AFRICA TECHNICAL SUPPORT AND ASSISTANCE TO INSTIGLIO INC MISSION 1826329 WIRE 0 SOUTH AMERICA TECHNICAL SUPPORT AND ASSISTANCE TO INSTIGLIO INC MISSION 1821913 WIRE 0 MIDDLE EAST AND NORTH AFRICA TECHNICAL SUPPORT AND ASSISTANCE TO INSTIGLIO INC MISSION 1187828 WIRE 0 SUB-SAHARAN AFRICA TECHNICAL SUPPORT AND ASSISTANCE TO INSTIGLIO INC MISSION 456062 WIRE 0 1 3 1 0 0 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. 0 0 0 0 0 0 0 0 0 AVNISH GUNGADURDOSS BOARD MEMBER/CEO 0 0 0 33667 0 160320 0 0 0 0 0 193987 0 0 PART I, LINE 3 THE CEO RECEIVED COMPENSATION FROM A RELATED ORGANIZATION, INSTIGLIO MAURITIUS, THROUGH THE FOLLOWING METHODS: - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE 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 2025. 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 333,469. MANAGEMENT AND GENERAL EXPENSES 74,405. FUNDRAISING EXPENSES 18,670. TOTAL EXPENSES 426,544. OUTSIDE CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 282,730. MANAGEMENT AND GENERAL EXPENSES 63,084. FUNDRAISING EXPENSES 15,829. TOTAL EXPENSES 361,643. PROJECTS: PROGRAM SERVICE EXPENSES 90,880. MANAGEMENT AND GENERAL EXPENSES 20,277. FUNDRAISING EXPENSES 5,088. TOTAL EXPENSES 116,245. RECRUITMENT: PROGRAM SERVICE EXPENSES 10,743. MANAGEMENT AND GENERAL EXPENSES 2,397. FUNDRAISING EXPENSES 601. TOTAL EXPENSES 13,741. FORM 990, PART XI, LINE 9: NET LOSS FROM SUBSIDIARIES IN CURRENT YEAR 224,173. 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 1859108 132232 1.00000 1 INSTIGLIO MOROCCO 79 AVENUE IBN SINA 2 EME RABAT MO 10000 SUPPORT INSTIGLIO INC MISSION MO INSTIGLIO INC C 948098 841675 1.00000 1 INSTIGLIO MAURITIUS LTD 6TH FLOORNEWTON TOWERSIR WILLIAM PORT LOUIS MP SUPPORT INSTIGLIO INC MISSION MP INSTIGLIO INC C 386883 23328 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 1821913 ACTUAL AMOUNT INSTIGLIO PERU B 2201 ACTUAL AMOUNT INSTIGLIO KENYA B 1826329 ACTUAL AMOUNT INSTIGLIO MOROCCO B 1187828 ACTUAL AMOUNT INSTIGLIO MAURITIUS LTD B 456062 ACTUAL AMOUNT