2023-05-05T11:59:12-05:00 2022-12-31 HAN GROUP LLC 1020 19TH STREET NW SUITE 800 WASHINGTON DC 20036 990 2022-01-01 541940918 FIVE TALENTS USA FIVE 7032277166 PO BOX 331 VIENNA VA 22183 DALE STANTON-HOYLE EXECUTIVE DIRECTOR 7032277166 2023-05-05 1 DALE STANTON-HOYLE 999009999 0 JENNIFER S HAN P00633304 2022937000 2023-05-05 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z DALE STANTON-HOYLE PO BOX 331 VIENNA VA 22183 1187774 0 X WWW.FIVETALENTS.ORG X 1999 VA WORK TO ERADICATE EXTREME POVERTY. 11 11 8 30 0 0 1244357 1135095 0 0 14061 7015 0 0 1258418 1142110 501444 495911 0 0 371840 489358 0 200 220229 161140 209516 1034424 1194985 223994 -52875 799220 700400 21707 12403 777513 687997 X FIVE TALENTS' MISSION IS TO TRANSFORM LIVES THROUGH ECONOMIC EMPOWERMENT. THE ORGANIZATION'S VISION IS TO ERADICATE POVERTY BY RESTORING HUMAN DIGNITY AND CREATING STRONG, SUSTAINABLE COMMUNITIES. PARTNERING WITH LOCAL CHURCHES AROUND THE WORLD, FIVE TALENTS WORKS TO COMBAT POVERTY IN THE DEVELOPING WORLD BY:(1) EMPOWERING FAMILIES LIVING IN POVERTY WITH KNOWLEDGE AND SKILLS TO READ, WRITE, SAVE, AND INVEST.(2) DEVELOPING COMMUNITY SAVINGS GROUPS AND HELPING FAMILIES TO LAUNCH AND GROW SMALL BUSINESSES. 0 0 863991 495911 BELOW IS A SUMMARY OF THE ORGANIZATION'S IMPACT BY COUNTRY THROUGH DECEMBER 31, 2022:LATIN AMERICABOLIVIA - FIVE TALENTS HAS WORKED IN THE MOUNTAINOUS AREAS OF SOUTHERN BOLIVIA FOR OVER A DECADE, REACHING FAMILIES LIVING IN EXTREME POVERTY, AND DEVELOPED A PLAN FOR EXPANSION TO THREE NEW AREAS. IN PARTNERSHIP WITH SEEDS OF BLESSING, THE ORGANIZATION FACILITATES SMALL BUSINESS DEVELOPMENT THROUGH TRAINING, MENTORSHIP, AND COMMUNITY SAVINGS AND LOANS. PARTICIPANTS JOIN SMALL SAVINGS GROUPS AND RECEIVE TRAINING IN BUDGETING, SAVING, BUSINESS PLANNING, NUTRITION, AND DISCIPLESHIP. THEY LEARN HOW TO INVEST IN AND GROW SMALL BUSINESSES. ASIAMYANMAR - FIVE TALENTS HAS WORKED IN MYANMAR FOR ALMOST A DECADE WITH THE LOCAL ANGLICAN CHURCH'S MOTHERS UNION TO CATALYZE MICRO-ENTERPRISE DEVELOPMENT. PROGRAMS HAVE FOCUSED ON THE CREATION OF SAVINGS AND LOAN GROUPS IN UNDEVELOPED REGIONS OF IRRAWADDY DELTA, YANGON, TOUNGOO, MANDALAY, PYAY, HPA-AN AND MYITKYINA. SAVINGS GROUP MEMBERS ESTABLISH OR DEVELOP THEIR OWN BUSINESSES AND OFTEN WORK TOGETHER TO FORM COOPERATIVES. MEMBERS DEVELOPED A VARIETY OF AGRICULTURAL BUSINESSES.AFRICABURUNDI - BURUNDI IS THE WORLD'S MOST RURAL COUNTRY, WITH 90% OF THE POPULATION ENGAGED IN FARMING. OVER 75% OF THE POPULATION OF BURUNDI LIVE IN MULTIDIMENSIONAL POVERTY, WITH AN ESTIMATED 8.6 MILLION PEOPLE (73%) LIVING BELOW THE INTERNATIONAL EXTREME POVERTY LINE OF $1.90 A DAY (UNDP, 2022). SINCE 2010, THE ORGANIZATION PARTNERS WITH THE MOTHERS UNION OF THE ANGLICAN CHURCH IN BURUNDI TO OFFER TRAINING IN LITERACY AND NUMERACY, BUSINESS SKILLS, AND THE FORMATION OF COMMUNITY SAVINGS GROUPS. MEMBERS HAVE ACCESS TO MENTORSHIP, BASIC FINANCIAL SERVICES, AND EMERGENCY FUNDS.DEMOCRATIC REPUBLIC OF CONGO - IN 2018 FIVE TALENTS BEGAN A PARTNERSHIP WITH THE DIOCESE OF ARU, IN THE NORTHEASTERN CORNER OF DR CONGO. THE PROGRAM HAS WORKED TO MOBILIZE CHURCH AND COMMUNITY LEADERS, TO TRAIN AND MENTOR STAFF AND COMMUNITY WORKERS ON LITERACY, SAVINGS AND BUSINESS, AND TO LAUNCH NEW SAVINGS GROUPS.KENYA - FIVE TALENTS BEGAN WORKING IN KENYA WELL OVER A DECADE AGO AND HAS SERVED COMMUNITIES IN REGIONS ACROSS KENYA. PARTICIPANTS IN THESE PROGRAMS LEARN KEY SKILLS IN FINANCIAL MANAGEMENT AND BUSINESS DEVELOPMENT. THEY ALSO ENGAGE IN COMMUNITY-OWNED AND MANAGED SAVINGS GROUPS. MOST MEMBERS START AS SUBSISTENCE LEVEL FARMERS, BUT MANY END UP DEVELOPING THEIR OWN SMALL BUSINESSES. THE ORGANIZATION IS SERVING SAVINGS GROUPS IN THE REGIONS OF KERICHO, BARINGO, WESTERN, MARSABIT AND MOMBASA. SEVERAL REGIONS HAVE FORMED SACCOS, WHICH ARE NOW SELF-SUSTAINING, FROM THE SAVINGS GROUP PROGRAM; IN THIKA, EMBU AND NAKURU.SOUTH SUDAN - FIVE TALENTS HAS WORKED SUCCESSFULLY IN SOUTH SUDAN AND SUDAN FOR OVER A DECADE AND IS ONE OF THE FEW ORGANIZATIONS THAT HAS WORKED TO DEVELOP A SUSTAINABLE MODEL FOR MICROFINANCE THERE. THE ORGANIZATION WORKS IN FOUR REGIONS IN SOUTH SUDAN: GREATER BAHR-EL-GHAZAL, JUBA, RENK AND TEREKEKA, AND WITH TRAINING AND ACCESS TO FINANCIAL SERVICES. ADDITIONALLY, THE ORGANIZATION HAS INCORPORATED A TRAUMA-HEALING FOR PEACE-BUILDING PROGRAM THROUGH THE SAVINGS GROUP PLATFORM. TANZANIA - FIVE TALENTS HAS WORKED IN TANZANIA FOR OVER A DECADE, WITH A VARIETY OF LOCAL PARTNERS, TO PROVIDE FINANCIAL INCLUSION SERVICES TO THE RURAL POOR. THE ORGANIZATION'S PROGRAMS PROVIDE TRAINING TO DEVELOP COMMUNITY-OWNED SAVINGS GROUPS FOR LOCAL DEVELOPMENT. PROGRAMS HAVE SERVED MEMBERS IN MOROGORO AND NUMEROUS REGIONS THAT ARE PART OF VICOBA PROGRAM IN TANZANIA.UGANDA - FIVE TALENTS SUPPORTS LITERACY, BUSINESS TRAINING, AND THE FORMATION OF COMMUNITY SAVINGS GROUPS IN THE REGION OF KARAMOJA, UGANDA. 863991 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 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 0 0 0 0 1 3 0 1 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA IL MA MD NC OH PA SC TN VA WA DC NY X X DALE STANTON-HOYLE 7032426016 PO BOX 331 VIENNA VA 22183 KIM PACALA CHAIR OF THE BOARD 6.00 X X 0 0 0 FRANCINE MAESTRI VICE CHAIR 4.00 X X 0 0 0 STEVE TEES TREASURER 2.00 X X 0 0 0 JIM OAKES ACTING SECRETARY 4.00 X X 0 0 0 DEB CONVER DIRECTOR 1.00 X 0 0 0 CORKY EDDINS DIRECTOR 1.00 X 0 0 0 BILL EGGBEER DIRECTOR 1.00 X 0 0 0 DONNA IVEY DIRECTOR 1.00 X 0 0 0 JIM LEWIS DIRECTOR 1.00 X 0 0 0 DANA WICHTERMAN DIRECTOR 1.00 X 0 0 0 APRIL YOUNG DIRECTOR 1.00 X 0 0 0 DALE STANTON-HOYLE CEO 40.00 X 85000 0 21370 85000 0 21370 0 0 0 0 0 1135095 1868 1135095 7256 7256 45423 45664 -241 -241 -241 1142110 0 0 7015 495911 495911 106370 63821 15956 26593 312866 154552 36317 121997 8767 4317 1013 3437 31299 14601 3358 13340 30056 15528 3707 10821 975 975 14941 14941 200 200 24970 18341 5645 984 1653 853 204 596 46455 14932 16802 14721 26569 13726 3277 9566 12000 6200 1480 4320 50691 43725 1778 5188 23141 13382 4151 5608 183 183 243 126 30 87 7695 3976 948 2771 1194985 863991 110765 220229 257426 230079 384253 348701 16345 10352 8527 7872 898 655 140298 110613 799220 700400 8525 12403 13182 21707 12403 X 443323 525006 334190 162991 777513 687997 799220 700400 -52875 -36641 0 X X 0 1 X 1 0 X 989267 1071633 559330 1244357 1135095 4999682 989267 1071633 559330 1244357 1135095 4999682 634637 4365045 9148 10042 7307 14061 7256 47814 5047496 0.86480 0.84020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8527 7872 655 655 X 1117279 -36641 11810 -24831 1142110 0 1142110 1206795 11810 11810 1194985 0 1194985 PART X, LINE 2: THE ORGANIZATION FOLLOWS THE AUTHORITATIVE GUIDANCE RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES INCLUDED IN ACCOUNTING STANDARDS CODIFICATION TOPIC 740-10, INCOME TAXES. THESE PROVISIONS PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IT IS THE ORGANIZATION'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSES. THE ORGANIZATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2022 AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. THE STATUTE OF LIMITATIONS GENERALLY REMAINS OPEN FOR THREE TAX YEARS WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE ORGANIZATION FILES TAX RETURNS. 1 SUB-SAHARAN AFRICA - BURUNDI, KENYA, UGANDA, SOUTH SUDAN 0 1 GRANTS 30000 SUB-SAHARAN AFRICA - BURUNDI, KENYA, UGANDA, SOUTH SUDAN 0 2 GRANTS 398411 SOUTH AMERICA - BOLIVIA 0 1 GRANTS 32000 EAST ASIA - MYANMAR 0 1 GRANTS 35500 0 5 0 0 0 5 495911 0 495911 SUB-SAHARAN AFRICA - BURUNDI, KENYA, UGANDA, SOUTH SUDAN LITERACY, FINANCIAL SAVINGS GROUPS, TECHNICAL ASSISTANCE, TRAINING & OVERSIGHT 30000 WIRE TRANSFER 0 FMV SUB-SAHARAN AFRICA - BURUNDI, KENYA, UGANDA, SOUTH SUDAN LITERACY, FINANCIAL SAVINGS GROUPS, TECHNICAL ASSISTANCE, TRAINING & OVERSIGHT 398411 WIRE TRANSFER 0 FMV SOUTH AMERICA - BOLIVIA LITERACY, FINANCIAL SAVINGS GROUPS, TECHNICAL ASSISTANCE, TRAINING & OVERSIGHT 32000 WIRE TRANSFER 0 FMV EAST ASIA - MYANMAR LITERACY, FINANCIAL SAVINGS GROUPS, TECHNICAL ASSISTANCE, TRAINING & OVERSIGHT 35500 WIRE TRANSFER 0 FMV 4 1 0 0 0 0 0 PART I, LINE 2: FUNDS DISBURSEMENTS AND INCURRED EXPENSES ARE SUBJECTED TO THE FOLLOWING CONTROLS. - APPROVAL REQUIRED BY EXECUTIVE DIRECTOR ALONG WITH A RECEIPT OR INVOICE SUBMISSION (EXCEPT FOR RECURRING OR ROUTINE EXPENSES) - ACCOUNTANT REQUIRES RECEIPT FOR ALL CREDIT CARD PURCHASES, AND THE JMB CREDIT CARD STATEMENT IS REVIEWED AND RECONCILED MONTHLY. - SECONDARY APPROVAL (BOARD CHAIR OR VICE-CHAIR) IS REQUIRED FOR EXPENSES OVER $5000 OR FOR DALE OVER $100. - ALL EXPENSES (DETAILED REVENUE AND EXPENSES) ARE RECONCILED MONTHLY AGAINST CHECKING AND CREDIT CARD STATEMENTS. THE EXECUTIVE DIRECTOR AND TREASURER REVIEW AND APPROVE THE DETAILED EXPENSE REPORT, STATEMENT, AND RECONCILIATIONS MONTHLY. PART I, LINE 3: FIVE TALENTS REQUIRES A SIGNED MEMORANDUM OF UNDERSTANDING FROM ORGANIZATIONS IT GRANTS TO DETAILING THE PURPOSE OF ANY FUNDING RECEIVED. FIVE TALENTS REQUIRES QUARTERLY REPORTING FROM ALL ORGANIZATIONS WHO RECEIVE FUNDING AND FIVE TALENTS REQUIRES REGULAR AUDITS BY AN INDEPENDENT AGENCY. FIVE TALENTS USES OUTSIDE CONSULTANTS TO PROVIDE TECHNICAL ASSISTANCE AND PROGRAM OVERSIGHT TO RECIPIENT ORGANIZATIONS. THE ORGANIZATIONS ARE VISITED BY FIVE TALENTS STAFF MEMBERS. PART III ACCOUNTING METHOD: FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE GOVERNING BODY, EXECUTIVE DIRECTOR AND AUDIT AND FINANCE COMMITTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES THAT OFFICERS MUST DISCLOSE THE EXISTENCE OF A FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF THE COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING A PROPOSED TRANSACTION OR ARRANGEMENT AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS. AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, THEY SHALL LEAVE 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. FORM 990, PART VI, SECTION B, LINE 15 THE PERSONNEL COMMITTEE ESTABLISHES COMPENSATION FOR THE CEO, AND THE WHOLE FIVE TALENTS BOARD VOTES ON PERSONNEL COSTS ONCE A YEAR AT A FULL BOARD MEETING. BENEFITS FOR THE CEO ARE ALSO DECIDED BY THE PERSONNEL COMMITTEE. THE PERSONNEL COMMITTEE TAKES INTO CONSIDERATION COMPARABLE JOB TITLE/RESPONSIBILITIES FROM THE DMV AREA FOR LIKE-SIZED NON-PROFIT ORGANIZATIONS. THE PERSONNEL COMMITTEE DOCUMENTS ITS COMPENSATION REVIEW, ALONG WITH ITS PERFORMANCE REVIEW, IN ITS MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MADE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST DURING THE TAX YEAR. FORM 990, PART XII, LINE 2C: FIVE TALENTS DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.