2021-04-30T20:23:24-05:00 2020-12-31 202153727 SB & COMPANY LLC 10200 GRAND CENTRAL AVE SUITE 250 OWINGS MILLS MD 21117 990 2020-01-01 522022113 FONKOZE USA INC FONK 2026289033 1900 L STREET NW NO 304 WASHINGTON DC 20036 MABEL VALDIVIA-DIAZ EXECUTIVE DIRECTOR 2026289033 2021-04-30 1 MABEL VALDIVIA-DIAZ 999009999 PAMELA GRAY P01237506 4105840060 2021-04-30 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z X MABEL VALDIVIA-DIAZ 1900 L STREET NW NO 304 WASHINGTON DC 20036 2596212 0 X WWW.FONKOZE.ORG X 1997 NY RAISE PROGRAM FUNDS, ACCEPT SOCIAL LOANS, AND FACILITATE TECHNICAL SUPPORT FOR FONKOZE FAMILY. 20 20 7 21 0 0 1886435 2275846 0 0 74909 145578 46038 86958 2007382 2508382 880838 1246693 0 0 586089 682649 0 0 184212 536602 428788 2003529 2358130 3853 150252 5030340 5095638 3612237 3450571 1418103 1645067 X FONKOZE USA SECURES FINANCIAL AND TECHNICAL SUPPORT FOR ITS HAITIAN PARTNERS AND EDUCATES THE AMERICAN PUBLIC ABOUT FONKOZE'S WORK IN HAITI. FONKOZE USA ALSO ACTS AS A CHANNEL FOR SOCIALLY RESPONSIBLE INVESTORS WHO WANT TO "INVEST" IN FONKOZE'S LOAN FUND. 0 0 1216276 1216276 FONKOZE USA RAISES PROGRAM FUNDS TO SUPPORT THE FONKOZE FAMILY OF ORGANIZATIONS IN HAITI. GRANTS, BOTH UNRESTRICTED AND RESTRICTED, SUPPORT A WIDE VARIETY OF FONKOZE'S PROGRAMS INCLUDING SOCIAL INCLUSION AND SELF-RESILIENCE, ADULT LITERACY AND EDUCATION, HEALTH INITIATIVES, AS WELL AS MICRO-CREDIT AND OTHER ECONOMIC EMPOWERMENT ACTIVITIES. THROUGH THESE PROGRAMS, HUNDREDS OF THOUSANDS OF POOR AND DISENFRANCHISED HAITIANS ACROSS THE COUNTRY ARE NOT ONLY EQUIPPED WITH THE TOOLS AND RESOURCES NEEDED TO BREAK THE CYCLE OF POVERTY, BUT THEY ARE SUPPORTED THROUGHOUT THEIR JOURNEY. 283333 EDUCATION: FONKOZE USA EDUCATES THE AMERICAN PUBLIC ABOUT FONKOZE'S EMPOWERING WORK THROUGHOUT HAITI. COMMUNICATIONS ARE DISSEMINATED THROUGH A NUMBER OF CHANNELS, INCLUDING FACE-TO-FACE, DIRECT MAIL, AND DIGITAL, TO ENGAGE AUDIENCES IN A HOLISTIC WAY. THE 2020 GLOBAL PANDEMIC CREATED CHALLENGES, BUT ALSO PROVIDED A UNIQUE OPPORTUNITY FOR AUDIENCES TO LEARN ABOUT HAITI AND FONKOZE FROM THE COMFORT OF THEIR HOMES. IN PARTNERSHIP WITH THE HAITIAN TIMES, FONKOZE HELD A VIRTUAL CONVERSATION ABOUT FONKOZE'S WORK VIS-A-VIE HAITI'S HISTORY AND HOW IT WAS RELEVANT TODAY. PROMINENT HISTORIANS AS WELL AS FONKOZE SENIOR LEADERSHIP LED A DISCUSSION THAT ENABLED PARTICIPANTS TO SHARE THOUGHTS, QUESTIONS AND COMMENT IN A THOUGHTFUL AND DEEPLY MEANINGFUL WAY. THIS EVENT SHED NEW LIGHT ON THE ISSUES SURROUNDING POVERTY IN HAITI AND HOW FONKOZE IS ACTIVELY WORKING TO ALLEVIATE THEM. 435220 30417 TECHNICAL ASSISTANCE: FONKOZE USA PROVIDES TECHNICAL ASSISTANCE TO THE FONKOZE FAMILY TO SUPPORT BOTH PROGRAMS AND CAPACITY BUILDING NEEDS. TECHNICAL ASSISTANCE INCLUDES (BUT IS NOT LIMITED TO) GRANT WRITING AND RESEARCH, COMMUNICATIONS AND BRAND MARKETING, AS WELL AS PARTNERSHIP FACILITATION AND SOCIAL LOAN MANAGEMENT. IN 2020, FONKOZE USA ASSISTED IN SECURING $345,000 IN GRANT FUNDING THAT DIRECTLY BENEFIT THE FONKOZE FOUNDATION. IN ADDITION, FONKOZE USA MANAGES A SOCIAL LOAN PORTFOLIO WHICH BENEFITS SFF AND DIVERSIFIES LOAN CAPITAL FOR THE BANK'S ACTIVITIES. FONKOZE USA SECURED $700,000 IN NEW OR RENEWED SOCIAL LOANS. IN ADDITION, FONKOZE USA MANAGES A SOCIAL LOAN PORTFOLIO OF $2,600,522 WHICH PROVIDES CAPITAL FOR SEVIS FINANCIAL FONKOZE. IN 2020 FONKOZE SECURED $700,000 IN NEW OR RENEWED SOCIAL LOANS FOR THE PORTFOLIO. 1934829 1 1 0 0 0 0 0 0 0 1 1 1 1 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 7 0 1 7 1 0 1 HA 0 0 0 0 0 0 0 0 X 20 20 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY AL AR CA FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NC OR PA RI SC TN UT VA WV WI X X X MABEL VALDIVIA-DIAZ 2026289033 1900 L STREET NW NO 304 WASHINGTON DC 20036 LAURA STEPHENS CHAIR 2.00 X X 0 0 0 LISA W CLARK VICE CHAIR 2.00 X X 0 0 0 KATHRYN LEININGER CORTES TREASURER 2.00 X X 0 0 0 BETH DANIELS SECRETARY 2.00 X X 0 0 0 KAVEH H AZIMI BOARD MEMBER 2.00 X 0 0 0 MACKENZIE KELLER BOARD MEMBER 2.00 X 0 0 0 LAWRENCE ARBUTHNOTT BOARD MEMBER 2.00 X 0 0 0 MARGUERITE LATHAN BOARD MEMBER 2.00 X 0 0 0 CHARLIE PETTY FORMER BOARD MEMBER/FEB 2020 2.00 X 0 0 0 FATHER JOSEPH B PHILIPPE CSSP BOARD MEMBER 2.00 X 0 0 0 MARJORIE ROBERTS BOARD MEMBER 2.00 X 0 0 0 HEROLD RODRIGUE BOARD MEMBER 2.00 X 0 0 0 LAURA ROBERTS WRIGHT BOARD MEMBER 2.00 X 0 0 0 LISSETTE STEELE BOARD MEMBER 2.00 X 0 0 0 ROXANN THOMAS CHARGOIS BOARD MEMBER 2.00 X 0 0 0 RUSSELL BRUGUIERE FORMER BOARD MEMBER/FEB 2020 2.00 X 0 0 0 JEAN BELIZAIRE BOARD MEMBER 2.00 X 0 0 0 LAUREN DOYLE BOARD MEMBER 2.00 X 0 0 0 MICHELE HARTIGAN BOARD MEMBER 2.00 X 0 0 0 JERRY NEMORIN BOARD MEMBER 2.00 X 0 0 0 MABEL VALDIVIA-DIAZ EXECUTIVE DIRECTOR 40.00 X 168000 0 5750 168000 0 5750 1 0 1 0 0 2275846 57561 2275846 145578 145578 87830 87830 0 0 CONTRACT INCOME 561499 86958 86958 86958 2508382 0 0 232536 1246693 1246693 173750 110760 32908 30082 406796 259318 77047 70431 19050 12144 3608 3298 32988 21029 6248 5711 50065 31915 9482 8668 105936 51093 34881 19962 16636 7363 922 8351 84848 62704 12515 9629 28503 12414 8351 7738 65906 33137 23904 8865 27415 10440 12210 4765 6827 4057 1312 1458 59114 58714 400 1900 1900 5601 3091 1642 868 PROGRAMATIC EXPENSE 1330 1330 24772 8627 11759 4386 2358130 1934829 239089 184212 118768 133599 195207 508800 42642 54252 596480 16400 13757 34850 34850 1900 0 972360 1063870 616920 616920 2541037 2600522 4696 27848 5030340 5095638 54480 77630 555720 549000 3002037 2823941 3612237 3450571 X 657925 591222 760178 1053845 1418103 1645067 5030340 5095638 150252 76712 0 X X 0 1 X 1 0 X 2676615 1516731 2503367 1886435 2275846 10858994 2676615 1516731 2503367 1886435 2275846 10858994 1898546 8960448 96907 14669 139397 75010 131209 457192 31340 54163 72537 83273 86958 328271 11644457 0.76950 0.77510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 972360 91510 1063870 812134 600 159626 972360 859925 139397 -187134 812134 754153 1000 104772 859925 690840 20000 53313 10000 754153 0.19000 0.81000 0 0 3035 3035 0 6224 6224 0 25591 25591 0 0 INVESTMENT IN FONKOZE S. A. 616920 F 616920 LOANS RECEIVABLE, RELATED PARTY 2600522 F 2600522 X 2585094 76712 76712 2508382 0 2508382 2358130 0 2358130 0 2358130 PART X, LINE 2: THE PROVISIONS INCLUDED IN ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA 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 OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2020, 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. AS OF DECEMBER 31, 2020, THE STATUTE OF LIMITATIONS FOR FISCAL YEARS 2017 THROUGH 2020 REMAIN OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE STATE AND LOCAL JURISDICTION IN WHICH THE ORGANIZATION FILES TAX RETURNS. IT IS THE ORGANIZATION'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, AS INCOME TAX EXPENSE. PART V, LINE 1A FUNDS PREVIOUSLY DISCLOSED AS BOARD-DESIGNATED NET ASSETS HAVE BEEN RECLASSIFIED AS NET ASSETS WITHOUT DONOR RESTRICTIONS, AS RESOLVED BY THE BOARD OF DIRECTORS AT THE BEGINING OF FISCAL YEAR 2020. PART VIII, LINE 2 SEE THE AUDITED FINANCIAL STATEMENTS FOR ADDITIONAL DISCLOSURES RELATED TO LOANS RECEIVABLE, RELATED PARTY. PART X, LINE 2 SEE THE AUDITED FINANCIAL STATEMENTS FOR ADDITIONAL DISCLOSURES RELATED TO LOANS PAYABLE, RELATED PARTIES, SFF. PART X, LINE 3 SEE THE AUDITED FINANCIAL STATEMENTS FOR ADDITIONAL DISCLOSURES RELATED TO PROMISSORY NOTES. PART X, LINE 4 SEE THE AUDITED FINANCIAL STATEMENTS FOR ADDITIONAL DISCLOSURES RELATED TO LOANS PAYABLE, INVESTORS. 1 CENTRAL AMERICA AND THE CARIBBEAN GRANTS 875161 CENTRAL AMERICA AND THE CARIBBEAN PROGRAM INVESTMENTS / PAYABLES 2600522 0 0 0 0 0 0 3475683 0 3475683 CENTRAL AMERICA & THE CARIBBEAN EDUCATION AND SUPPORT 875161 WIRE TRANSFER 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X 0 0 0 0 0 0 0 0 0 MABEL VALDIVIA-DIAZ EXECUTIVE DIRECTOR 164000 0 4000 0 0 0 5750 0 0 0 173750 0 0 0 X 4 57561 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 LAURA ROBERTS WRIGHT AND MARJORIE ROBERTS, BOTH BOARD MEMBERS ARE SISTERS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE ORGANIZATION'S CHIEF FINANCIAL OFFICER, THE MEMBERS OF ITS BOARD, AND AN INDEPENDENT CPA. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY THROUGH INQUIRY OF ALL PARTIES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR OFFICERS AND OTHER KEY EMPLOYEES IS EVALUATED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS (BY-LAWS), CONFLICT OF INTEREST POLICY, DONOR RIGHTS POLICY, AND FINANCAL STATEMENTS AVAILABLE TO THE PUBLIC THROUGH ITS WEBSITE. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. FONDAYSON KOLE ZEPOL 119 AVENUE CHRISTOPHE PORT-AU-PRINCE HA HA 0 SEVIS FINANSYE FONKOZE SA 119 AVENUE CHRISTOPHE PORT-AU-PRINCE HA HA 0.04290 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 FONDASYON KOLE ZEPOL B 549000 FMV SEVIS FINANSYE FONKOZE SA E 2600522 FMV SEVIS FINANSYE FONKOZE SA B 63856 FMV