Nonprofit · EIN 47-4045086
GLOBAL INNOVATION FUND
Tax-exempt · WASHINGTON, DC 20036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $311,347 | $311,347 | $0 | $44,542 | $44,542 | $0 |
| December 31, 2024 | 990 | $796,218 | $796,218 | $0 | $55,254 | $55,254 | $0 |
| December 31, 2023 | 990 | $725,098 | $725,098 | $0 | $15,976 | $15,976 | $0 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $311,347
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $190,214
- Salaries, compensation and benefits (total)
- $279,814
- Professional fundraising fees
- $0
- Accounting fees
- $12,973
- Occupancy
- $1,101
- Travel
- $1,560
- Program services (functional)
- $256,073
- Management and general (functional)
- $55,274
Balance sheet and other
- Total assets, start of year
- $55,254
- Total assets, end of year
- $44,542
- Total liabilities, end of year
- $44,542
- Net assets, end of year
- $0
- Gross receipts
- $311,347
- Employees
- 3
- Volunteers
- 4
- Year formed
- 2015
- State of legal domicile
- DC
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ELIZABETH AGASE | DIRECTOR OF ESG Highest-paid employee | 40 | $100,146 | $20,929 |
| JIM CLARK | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| NADIA ADJENEF | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| KATE KAUFMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES HABYARIMANA | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALIX ZWANE | CHIEF EXECUTIVE OFFICER (THRU JULY 2024) Officer | 40 | $389,589 | $35,810 |
| ELIZABETH AGASE | DIRECTOR OF ESG Highest-paid employee | 40 | $100,146 | $10,590 |
| JIM CLARK | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| NADIA ADJENEF | TREASURER (FROM JULY 2024) Trustee or director, Officer | 1 | $0 | $0 |
| TOM MASON | TREASURER (THRU JULY 2024) Trustee or director, Officer | 1 | $0 | $0 |
| KATE KAUFMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES HABYARIMANA | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALIX ZWANE | CHIEF EXECUTIVE OFFICER Officer | 40 | $268,846 | $89,334 |
| JIM CLARK | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| JANE SIEBELS | TREASURER (THRU MAR 23) Trustee or director, Officer | 1 | $0 | $0 |
| TOM MASON | TREASURER (FROM MAR 23) Trustee or director, Officer | 1 | $0 | $0 |
| KATE KAUFMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES HABYARIMANA | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1250 CONNECTICUT AVE NW STE 700, WASHINGTON, DC 20036-2657
- In care of
- % ARNOLD & PORTER LLP
- Principal officer (990 for 2025)
- NADIA ADJENEF, 1250 CONNECTICUT AVE NW 700, WASHINGTON, DC 20036
- Signed the 990
- NADIA ADJENEF, TREASURER
- Phone
- (202) 817-4579
- Website
- WWW.GLOBALINNOVATION.FUND
- Return prepared by
- WEGNER CPAS LLP
Mission
THE GLOBAL INNOVATION FUND AIMS TO SUPPORT INNOVATIONS THAT WILL IMPROVE LIVES FOR HUNDREDS OF MILLIONS OF PEOPLE ACROSS MULTIPLE DEVELOPING COUNTRIES. INNOVATION HAS ALREADY HAD A VERY SIGNIFICANT IMPACT UPON THE LIVES OF MILLIONS IN DEVELOPING COUNTRIES. WHILST MANY INNOVATIONS ORIGINALLY CREATED FOR DEVELOPED 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.
Program accomplishments
- 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 DVELOPING 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.Expenses $256,073
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 | 990 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
- 47-4045086
- 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
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $44,542
- Income (IRS master file)
- $311,347
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $311,347 | $311,347 | $44,542 | XML |
| 990 | December 2024 | $796,218 | $796,218 | $55,254 | XML |
| 990 | December 2023 | $725,098 | $725,098 | $15,976 | XML |
| 990 | December 2022 | $1,305,755 | $1,305,755 | $79,675 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 47-4045086).
Questions about GLOBAL INNOVATION FUND
- What is the EIN of GLOBAL INNOVATION FUND?
- The employer identification number (EIN) of GLOBAL INNOVATION FUND is 47-4045086.
- Is GLOBAL INNOVATION FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to GLOBAL INNOVATION FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GLOBAL INNOVATION FUND 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 INNOVATION FUND due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GLOBAL INNOVATION FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of GLOBAL INNOVATION FUND?
- The 990 for the year ended December 31, 2025 names NADIA ADJENEF.
- Who are the officers and directors of GLOBAL INNOVATION FUND?
- The 990 for the year ended December 31, 2025 lists 5 people; 1 received compensation from the organization, the highest $100,146 (ELIZABETH AGASE, DIRECTOR OF ESG).
- How much revenue does GLOBAL INNOVATION FUND have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $311,347, expenses of $311,347 and total assets of $44,542 at year end.
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