2023-11-10T12:58:13-06:00 2022-12-31 FORVIS LLP 1155 Avenue of the Americas 1200 New York NY 10036 990 2022-01-01 133568629 FINANCIAL SERVICES VOLUNTEER CORPS INC % JOHN D POMPAY FINA 2127711400 10 EAST 53RD STREET Suite 36TH FL NEW YORK NY 10022 JOHN D POMPAY CFO AND COO 2127711400 2023-05-15 true JOHN POMPAY 999009999 P01333816 2128674000 2 2022 2023-04-26 12:10:37Z JOHN D POMPAY 10 EAST 53RD STREET36TH FL NEW YORK NY 10022 10244924 false X WWW.FSVC.ORG X 1990 DE FSVC'S MISSION IS TO HELP BUILD SOUND FINANCIAL SECTORS TO SUPPORT HEALTHY MARKET-ORIENTED ECONOMIES IN DEVELOPING AND EMERGING MARKET COUNTRIES. 16 15 15 216 0 7518714 9871124 331881 356502 206186 17298 1438 0 8058219 10244924 351578 463972 0 0 4123306 4436382 0 0 5148 3541108 4343710 8015992 9244064 42227 1000860 4338276 10031990 2307377 7321993 2030899 2709997 X FINANCIAL SERVICES VOLUNTEER CORPS {FSVC} IS A NOT-FOR-PROFIT, PRIVATE-PUBLIC PARTNERSHIP. FSVC STRUCTURES PRACTICAL, DEMAND-DRIVEN TECHNICAL ASSISTANCE AND TRAINING MISSIONS BY SENIOR FINANCIAL SECTOR PROFESSIONALS WHO SERVE AS UNPAID VOLUNTEERS. FSVC'S CORE WORK CONCENTRATES ON STRENGTHENING CENTRAL BANK CAPACITY, BUILDING ROBUST COMMERCIAL BANKING SECTORS AND DEVELOPING CAPITAL MARKETS. MAJOR ADDITIONAL AREAS OF WORK INCLUDE IMPROVING ACCESS TO FINANCIAL SERVICES FOR SMALL AND MEDIUM-SIZED ENTERPRISES (SMES), FINANCIAL INCLUSION, AND COMBATING MONEY LAUNDERING AND FINANCIAL TERRORISM. ANOTHER CRITICAL AREA OF CURRENT WORK INVOLVES ADVISING GOVERNMENTS AND CIVIL SOCIETY ORGANIZATIONS ON HOW TO STRENGTHEN PUBLIC FINANCIAL MANAGEMENT. MISSIONS ARE STAFFED PRIMARILY BY VOLUNTEER EXPERTS AND, IN SELECT SITUATIONS, PAID CONSULTANTS. true false 2125818 NIGER: WITH FUNDING FROM THE U.S. AGENCY FOR INTERNATIONAL DEVELOPMENT, FSVC LAUNCHED IN 2019 A PROGRAM FOCUSED ON THREE KEY OBJECTIVES: 1) HELPING CIVIL SOCIETY ORGANIZATIONS (CSOS) MORE ACTIVELY AND EFFECTIVELY HOLD THE GOVERNMENT ACCOUNTABLE AND BUILD DEMAND FOR TARGETED POLICY REFORMS AND IMPROVED GOVERNMENT IMPLEMENTATION; 2) ASSISTING KEY GOVERNMENT INSTITUTIONS IN BECOMING MORE ACCOUNTABLE TO CITIZENS AND MORE EFFECTIVE AND TRANSPARENT IN THEIR OPERATIONS; AND 3) CREATING AND/OR STRENGTHENING CONSTRUCTIVE ENGAGEMENT SPACES BETWEEN CITIZENS, CSO AND THE GOVERNMENT, TO IDENTIFY AND IMPLEMENT TARGETED PRIORITY REFORMS. IN 2021, FSVC COMPLETED A SERIES OF 43 LONG AND SHORT-TERM PROJECTS THAT INCLUDED: 1) ASSISTING THE OMBUDSMAN OF NIGER IN DEVELOPING A CITIZENS' CHARTER; 2) A SERIES OF TRAININGS FOR CSOS IN NIAMEY, MARADI AND ZINDER IN KEY AREAS SUCH AS MONITORING AND EVALUATION AND ADVOCACY; 3) SMALL GRANTS PROGRAMS FOR LOCAL CSOS; AND 4) OPEN HOUSES ON ACCESS TO INFORMATION, AMONG OTHER PROJECTS. 1039543 ANGOLA/ESWATINI/LESOTHO/SOUTH AFRICA (48): WITH FUNDING FROM THE U.S. AGENCY FOR INTERNATIONAL DEVELOPMENT, FSVC LAUNCHED IN 2020 A PROGRAM FOCUSED ON THREE OBJECTIVES, WITH IMPLEMENTATION IN ANGOLA ESWATINI, LESOTHO AND SOUTH AFRICA: 1) STRENGTHEN THE GOVERNANCE, ACCOUNTING AND PUBLIC FINANCIAL MANAGEMENT CAPACITY OF KEY GOVERNMENT INSTITUTIONS; 2) ENHANCE THE OVERSIGHT CAPACITIES OF KEY GOVERNMENT INSTITUTIONS AND CIVIL SOCIETY ORGANIZATIONS (CSOS) TO MINIMIZE FRAUD, WASTE AND ABUSE OF STATE RESOURCES AND REINFORCE TRANSPARENCY AND ACCOUNTABILITY; AND 3) CREATE A KNOWLEDGE-SHARING NETWORK TO CONNECT KEY GOVERNMENT INSTITUTIONS AND CSOS ACROSS THE REGION TO PROMOTE SOUTH-SOUTH LEARNING. IN 2021, FSVC COMPLETED A SERIES OF 12 PROJECTS THAT INCLUDED: 1) CONSULTATIONS WITH THE GOVERNMENT OF LESOTHO ON STREAMLINING THE BUDGET PROCESS; 2) TRAINING FOR THE OFFICE OF THE AUDITOR GENERAL IN ESWATINI IN HOW TO AUDIT SERVICE DELIVERY MINISTRIES; AND 3) TRAININGS FOR THE ANGOLAN MINISTRY OF FINANCE IN KEY PRINCIPLES OF INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARDS (IPSAS), AMONG OTHER PROJECTS. 688436 Morocco FHI360: From 2020 to 2022, with funding from the U.S. Agency for International Development, FSVC served as a sub-awardee to FHI 360, the prime implementer of the program in Morocco titled "Inclusive Socio-Economic Development in the Beni Mellal Khnifra Region (BMK-ISED)". BMK-ISED had two components: 1) improve governance and citizen participation by increasing sub-governmental institutions (SGIs)' performance and efficiency, participation of civil society organizations (CSOs) in governance and advocacy for youth, women and people with disabilities; and 2) enhance livelihoods and business activity by increasing inclusion of youth, women and people with disabilities in business via innovation and entrepreneurship, and increasing business and job growth via improved market access, business development services, finance and small grants. In 2022, FSVC carried out 17 activities under both components, including: 1) building the capacity of SGIs and CSOs in applying and using Morocco's new right-to-information (RTI) law; 2) working with BMK's Regional Business Environment Committee to design a roadmap and action plan to improve regional business climate policies; and 3) conducting an analysis of the pomegranate value chain in BMK to improve its competitiveness. 3884578 463972 356502 OTHER PROGRAMS INCLUDED THE FOLLOWING: ANGOLA (DRL), ALBANIA, ALGERIA, JORDAN, TAJKISTAN(4 PROGRAMS), TUNISIA, CONGO (DRC), IRAQ(2 PROGRAMS), WEST AFRICA, EAST AFRICA, PANAMA(PHASE I AND II) COUNTER MALIGN INFLUENCE(MULTIPLE COUNTRIES) PACIFIC ISLANDS, SUDAN, AND MAURITANIA. 3884578 463972 356502 7738375 true true false false false false false false false true false false false true true false true false false true true true false false false false false false false true false false false false false false false false false false false false false false false false false true 20 0 15 true false true NG TS TI false false false false false false false false false false X 16 15 false false false false true true true true true false false true true true true true true true true false NY X JOHN D POMPAY 2127711400 10 EAST 53RD STREET 36TH FLOOR NEW YORK NY 10022 X J ANDREW SPINDLER PRESIDENT AND CEO 40.0 0.0 X X 558497 0 86679 JOHN D POMPAY CHIEF FINANCIAL AND OPERATING 40.0 0.0 X 306031 0 86947 ANDREA PERRAUD MANAGING DIRECTOR 40.0 0.0 X 235555 0 85545 EDWARD SIA DIRECTOR 40.0 0.0 X 147537 0 79898 CHAVANNE PEERCY CHIEF OF PARTY, NIGER OFFICE 40.0 0.0 X 200962 0 16889 CHARLES E KILBOURNE CONSULTANT AND SECRETARY 21.0 0.0 X 195784 0 0 CAMILLE JAGUENEAU-SIEGEL DIRECTOR 40.0 0.0 X 121675 0 55497 BELLA OKS SENIOR ACCOUNTING OFFICER 40.0 0.0 X 110539 0 30480 JULIAN C SCHROEDER CHAIRMAN AND TREASURER 1.0 0.0 X X 0 0 0 WILLIAM MILLS VICE CHAIRMAN 1.0 0.0 X X 0 0 0 ROBERT L CLARKE DIRECTOR 1.0 0.0 X 0 0 0 JILL M CONSIDINE DIRECTOR 1.0 0.0 X 0 0 0 JOHN L DOUGLAS DIRECTOR 1.0 0.0 X 0 0 0 RANDALL D GUYNN DIRECTOR 1.0 0.0 X 0 0 0 CARLA A HILLS DIRECTOR 1.0 0.0 X 0 0 0 JACK LEW DIRECTOR 1.0 0.0 X 0 0 0 REUBEN JEFFERY III DIRECTOR 1.0 0.0 X 0 0 0 HENRY A KISSINGER DIRECTOR 1.0 0.0 X 0 0 0 EUNICE J PANETTA DIRECTOR 1.0 0.0 X 0 0 0 PAUL TUCKER DIRECTOR 1.0 0.0 X 0 0 0 JOHN L WALKER DIRECTOR 1.0 0.0 X 0 0 0 ADAM J SZUBIN DIRECTOR 1.0 0.0 X 0 0 0 SABINE LAUTENSCHLAGER DIRECTOR 1.0 0.0 X 0 0 0 1876580 0 441935 9 false true false EMERGING CONSULTING TUNISIA 1 RUE ABOU FIRAS ELHAMDANI TUNIS 0 TS R4P7 CONSULTING AND TRAIN 153980 CHARLES E KILBOURNE 165 DAKETOWN RD GREENFIELD CENTER NY 12833 MANAGING OVERSEAS PR 195784 REBUS LLC TAJIKISTAN HUSSEINZODA STREET 20 DUSHANBE 0 TI 734025 TECH SUPPORT & TRAIN 106000 3 9364147 506977 9871124 FEES FOR SERVICE 541900 356502 356502 356502 17298 17298 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10244924 356502 17298 0 0 463972 463972 0 1233938 576218 657720 0 2430573 2131563 299010 57932 51893 6039 486945 393089 93856 226994 156923 70071 0 7492 7492 71285 71285 0 0 0 1603233 1544957 58276 0 199199 163663 32634 2902 151841 142144 9697 0 779230 675547 103683 1029246 954254 73487 1505 0 387869 387869 0 0 0 43670 41254 2416 BAD DEBT 260 260 MISCELLANEOUS 70385 55029 14615 741 9244064 7738375 1500541 5148 575051 636527 819365 575599 345375 1016984 49537 188600 0 0 0 0 0 0 0 0 149597 71830 224451 224451 2160441 1866287 0 0 0 0 0 0 238910 5676163 4338276 10031990 1024748 977427 0 0 731617 3731 0 0 0 0 0 0 0 400000 0 0 551012 5940835 2307377 7321993 X 1816617 2495715 214282 214282 2030899 2709997 4338276 10031990 X 1000860 -306390 -15372 X false true X true true true X 5584064 6803258 6683931 7518714 9871124 36461091 0 0 5584064 6803258 6683931 7518714 9871124 36461091 0 36461091 56578 32978 41838 17298 148692 0 0 36609783 1738117 0.99594 0.99568 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1669275 -148908 1520367 1503383 165892 1669275 1432702 70681 1503383 1410754 21948 1432702 1392178 18576 1410754 1.00000 false false 224451 224451 0 0 SECURITY DEPOSITS 240574 NET RIGHT OF USE ASSETS 5435589 5676163 0 SECURITY DEPOSIT PAYABLE 19227 LIABILITIES FROM CUSTOMER CONTRACTS 12984 LEASE LIABILITIES 5908624 5940835 14209602 -306390 4286440 -15372 3964678 10244924 10244924 13530504 4286440 4286440 9244064 9244064 SCHEDULE D, PART V, LINE 4 FUNDS IN THE JOHN WHITEHEAD MEMORIAL SOCIETY FUND ARE ASSETS OF FSVC HELD IN ACCOUNTS SEGREGATED FROM THE NORMAL FSVC OPERATING FUNDS. DISBURSEMENTS FROM THE SOCIETY, APPROVED BY THE FSVC EXECUTIVE COMMITTEE WILL BE EXPENDED FOR THE FOLLOWING: TO MATCH GOVERNMENTAL OR PRIVATE FUNDING TO SUPPORT FSVC PROGRAMS IN EMERGING MARKETS, TO SEED FSVC PROGRAMS IN EMERGING MARKETS, AND TO SUPPORT FSVC PROGRAMS IN ENVIRONMENTS WITH TEMPORARY FUNDING INTERRUPTIONS. SCHEDULE D, PART X, LINE 2 ASC 740 FOOTNOTE: MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. SCHEDULE D, PART XI, LINE 2D LOSS ON SUBLEASES: -$15,372. true EUROPE (INCLUDING ICELAND AND GREENLAND) 1 1 PROGRAM SERVICES TECHNICAL ASSISTANCE 118140 MIDDLE EAST AND NORTH AFRICA 3 4 PROGRAM SERVICES TECHNICAL ASSISTANCE 2846264 RUSSIA AND THE NEWLY INDEPENDENT STATES 1 1 PROGRAM SERVICES TECHNICAL ASSISTANCE 961795 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES TECHNICAL ASSISTANCE 164793 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES TECHNICAL ASSISTANCE 17660 SUB-SAHARAN AFRICA 5 8 PROGRAM SERVICES TECHNICAL ASSISTANCE 5047763 10 14 10 14 9156415 9156415 MIDDLE EAST AND NORTH AFRICA PROGRAM SERVICES TECHNICAL ASSISTANCE 54318 CENTRAL AMERICA AND THE CARIBBEAN PROGRAM SERVICES TECHNICAL ASSISTANCE 41248 MIDDLE EAST AND NORTH AFRICA PROGRAM SERVICES TECHNICAL ASSISTANCE 17110 3 false false false false false false SCHEDULE F, PART I, LINE 2 THE FIELD OFFICES MAINTAIN DOCUMENTATION RELATED TO FIELD PURCHASES AND FORWARD COPIES TO FSVC'S U.S. HEADQUARTERS ACCOUNTING AND FINANCE DEPARTMENT FOR REVIEW. WHEN A FIELD OFFICE NEEDS TO PURCHASE GOODS AND SERVICES THAT ARE DIRECTLY CHARGED TO A FEDERAL AWARD, THE COUNTRY DIRECTOR MAKES A FORMAL E-MAIL REQUEST (REQUISITION) TO THE CFO AND COO. AT FSVC, THE CFO AND COO ARE RESPONSIBLE FOR THE OPERATING EXPENSE (OE) BUDGET AND ALL SUPPORT COSTS. X true true X X X X false false false false false false false false false J ANDREW SPINDLER PRESIDENT AND CEO 515669 0 42828 0 0 0 15250 0 71429 0 645176 0 JOHN D POMPAY CHIEF FINANCIAL AND OPERATING 288235 0 17796 0 0 0 15250 0 71697 0 392978 0 CHARLES E KILBOURNE CONSULTANT AND SECRETARY 195784 0 0 0 0 0 0 0 0 0 195784 0 CHAVANNE PEERCY CHIEF OF PARTY, NIGER OFFICE 184328 0 0 0 16634 0 10048 0 6841 0 217851 0 ANDREA PERRAUD MANAGING DIRECTOR 221861 0 13694 0 0 0 11823 0 73722 0 321100 0 EDWARD SIA DIRECTOR 138811 0 8726 0 0 0 7452 0 72446 0 227435 0 CAMILLE JAGUENEAU-SIEGEL DIRECTOR 114640 0 7035 0 0 0 6161 0 49336 0 177172 0 SCHEDULE J, PART I, LINE 1A CHAVANNE PEERCY RECEIVED A HOUSING ALLOWANCE OF $16,634. FORM 990, PART III, LINE 2 Sudan: With funding from the U.S. Department of State's Bureau of Democracy, Human Rights, and Labor (DRL), since May 2022, FSVC has been implementing a program focused on countering corruption in the extractive industry sector of Sudan, working closely with local civil society organizations and media. Tajikistan (phase III): With funding from the U.S. Department of State, since September 2022, FSVC has been implementing a program to increase financial stability, integrity and inclusion in Tajikistan, working closely in particular with the National Bank of Tajikistan. Mauritania: With funding from the U.S. Department of State, since September 2022, FSVC has been implementing a program to strengthen budget transparency in Mauritania through grassroots, civil society-led initiatives and support of strong implementation of public financial management reforms. Iraq (432): With funding from the U.S. Department of State's Bureau of Near Eastern Affairs (NEA), since October 2022, FSVC has been implementing a program to support and strengthen micro, small and medium-sized enterprises (MSMEs) in Iraq. Cost extension for DRC: With funding from the U.S. Department of State's Bureau of International Narcotics and Law Enforcement Affairs (INL), FSVC is implementing a program focused on combating money laundering, financial crimes and corruption in the Democratic Republic of the Congo (DRC). Pacific Islands: With funding from the U.S. Department of State's Bureau of International Security and Nonproliferation (ISN), since September 2022, FSVC has been implementing a program to assess and mitigate risks associated with virtual assets for five Pacific Island countries (Fiji, Palau, the Republic of the Marshall Islands, Samoa, Tonga). FORM 990, PART VI, LINE 1A THERE ARE NO MATERIAL DIFFERENCES IN VOTING RIGHTS AMONG MEMBERS. THERE IS AN EXECUTIVE COMMITTEE BUT IT DOES NOT HAVE BROAD AUTHORITY. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP WILL BE OPEN TO ALL PERSONS OVER THE AGE OF 18 WHO DEMONSTRATE A COMMITMENT TO THE ACHIEVEMENT OF THE ORGANIZATION'S PURPOSES AS SET FORTH IN THE CERTIFICATE OF INCORPORATION. THE MEMBERS OF THE CORPORATION MAY FROM TIME TO TIME ESTABLISH SUCH OTHER CRITERIA FOR MEMBERSHIP AS THEY DEEM APPROPRIATE. FORM 990, PART VI, SECTION A, LINE 7A THE NUMBER OF MEMBERS OF THE CORPORATION WILL NOT EXCEED TWENTY-FIVE. EACH MEMBER WILL BE ELECTED BY A MAJORITY OF THE EXISTING MEMBERS OF THE CORPORATION, AND EACH WILL SERVE UNTIL THE NEXT ANNUAL MEETING OF THE MEMBERS AND THE EARLIEST OF THE ELECTION OR APPOINTMENT AND QUALIFICATION OF SUCH MEMBER'S SUCCESSOR OR UNTIL SUCH MEMBER'S DEATH, RESIGNATION, OR REMOVAL. AT THE EXPIRATION OF ANY TERM, ANY MEMBER MAY BE REELECTED. FORM 990, PART VI, SECTION A, LINE 7B ANNUALLY, THE MEMBERS ELECT THE BOARD OF DIRECTORS WHO GOVERN THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE AUDITORS PREPARE THE FORM 990 AND REVIEW IT WITH MANAGEMENT AND THE AUDIT COMMITTEE OF THE BOARD. THE AUDIT COMMITTEE RECOMMENDS ACCEPTANCE OR REFUSAL OF THE FORM 990 TO THE FULL BOARD. A COPY OF THE APPROVED FORM 990 IS DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY DISCLOSER IS DISTRIBUTED TO THE BOARD OF DIRECTORS AND ALL FSVC EMPLOYEES FOR THE SIGNATURE ON ANNUAL BASIS TO SEE CHANGES IF ANY FOR THE YEAR. IN THE EVENT OF ANY CONFLICTS, THE CONFLICTED MEMBER MUST RECUSE THEMSELVES FROM THE MEETING WHILE DISCUSSION TAKES PLACE. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION COMMITTEE OF FSVC'S BOARD OF DIRECTORS, COMPRISED OF THE CHAIRMAN (MR. SCHROEDER), AND VICE-CHAIRMAN (MR. MILLS), REVIEWS AND APPROVES SALARY INCREASES FOR THE CEO, ALL OFFICERS AND ALL EMPLOYEES. IN ADDITION, FSVC ALSO REFERS TO VARIOUS INDUSTRY SALARY SURVEYS AND 990S OF OTHER ORGANIZATIONS AS COMPARABLES. THIS PROCESS WAS LAST DONE IN 2022. FORM 990, PART VI, SECTION B, LINE 15B THE COMPENSATION COMMITTEE OF FSVC'S BOARD OF DIRECTORS, COMPRISED OF THE CHAIRMAN (MR. SCHROEDER), AND VICE-CHAIRMAN (MR. MILLS), REVIEWS AND APPROVES SALARY INCREASES FOR THE CEO, ALL OFFICERS AND ALL EMPLOYEES. IN ADDITION, FSVC ALSO REFERS TO VARIOUS INDUSTRY SALARY SURVEYS AND 990S OF OTHER ORGANIZATIONS AS COMPARABLES. THIS PROCESS WAS LAST DONE IN 2022. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 LOSS ON SUBLEASES: -$15,372. FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTANTS AND SUBCONTRACTORS TOTAL FEES:1603233