2021-11-08T11:04:53-06:00 2020-12-31 BKD LLP 1155 Avenue of the Americas 1200 New York NY 10036 990 2020-01-01 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 2021-12-31 true JOHN POMPAY 999009999 Aaron Shapiro P01333816 2128674000 3 2020 2022-09-23 18:48:47Z JOHN D POMPAY 10 EAST 53RD STREET 36TH FL NEW YORK NY 10022 8085413 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. 18 16 15 47 0 6803258 6683931 401132 303439 136901 73268 0 29948 7341291 7090586 587317 159576 0 0 2970645 3870003 0 0 5036 3899247 2961663 7457209 6991242 -115918 99344 3034338 3909655 1145010 1920983 1889328 1988672 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 true 1987477 USAID program in NIGER: WITH FUNDING FROM THE U.S. AGENCY FOR INTERNATIONAL DEVELOPMENT, FSVC LAUNCHED A PROGRAM IN 2019 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, CIVIL SOCIETY AND THE GOVERNMENT TO IDENTIFY AND IMPLEMENT TARGETED PRIORITY REFORMS. IN 2020, FSVC COMPLETED A SERIES OF 25 LONG AND SHORT-TERM PROJECTS THAT INCLUDED: TRAINING SELECT CSOs IN STRATEGIC PLANNING, COMMUNICATIONS AND ADVOCACY; SELECTING CSOS IN ZINDER TO TAKE PART IN FSVC'S CSO INCUBATOR PROGRAM; AND TRAINING THE SUPREME AUDIT INSTITUTION IN KEY AREAS SUCH AS AUDITING LARGE INFRASTRUCTURE PROJECTS. 801156 State Department program in SOMALIA: WITH FUNDING FROM THE U.S. DEPARTMENT OF STATE'S BUREAU OF COUNTERTERRORISM, FSVC HAS BEEN IMPLEMENTING A PROGRAM OF TECHNICAL ASSISTANCE SINCE 2015 TO HELP STRENGTHEN THE FINANCIAL SECTOR IN SOMALIA AND ITS ABILITY TO INTERMEDIATE EFFECTIVELY FINANCIAL FLOWS. FSVC'S PROGRAM AIMS TO SUPPORT THE CENTRAL BANK SOMALIA's (CBS) EFFORTS TO ADDRESS THE CRITICAL FINANCIAL SECTOR REFORMS TO ADHERE TO THE RECOMMENDATIONS OF THE FINANCIAL ACTION TASK FORCE AND ALLAY CONCERNS OF INTERNATIONAL REGULATORY BODIES. IN 2020, FSVC COMPLETED A SERIES OF 8 LONG-TERM AND SHORT-TERM PROJECTS, INCLUDING HELPING THE CBS IMPROVE ITS CAPACITY TO CONDUCT ANTI-MONEY LAUNDERING/COMBATING THE FINANCING OF TERRORISM (AML/CFT) SUPERVISION OF BANKS AND SEVERAL TRAININGS FOR BANKS THEMSELVES IN HOW TO IMPROVE THEIR AML/CFT COMPLIANCE IN KEY AREAS SUCH AS KNOW-YOUR-CUSTOMER PROCEDURES AND IDENTIFYING SUSPICIOUS ACTIVITIES. 484601 STATE DEPARTMENT PROGRAM IN TAJIKISTAN: WITH FUNDING FROM THE U.S. EMBASSY IN DUSHANBE, FSVC IMPLEMENTED A PROGRAM OF TECHNICAL ASSISTANCE IN 2019 AND 2020 TO DETER MONEY LAUNDERING AND TERRORIST FINANCING, STRENGTHEN FINANCIAL STABILITY AND FINANCIAL INCLUSION IN TAJIKISTAN. SPECIFICALLY, THE PROGRAM FOCUSED ON: 1) STRENGTHENING THE CAPACITY OF REGULATORS AND THE PRIVATE SECTOR TO DETECT AND REPORT SUSPICIOUS TRANSACTIONS TO LAW ENFORCEMENT; AND 2) STRENGTHEN FINANCIAL STABILITY. IN 2020, FSVC COMPLETED 8 LONG AND SHORT-TERM PROJECTS THAT INCLUDED ASSISTING THE FINANCIAL MONITORING DEPARTMENT DEVELOP A FINANCIAL INTELLIGENCE MANUAL AND A GUIDE TO IMPROVING THE QUALITY OF SUSPICIOUS TRANSACTION REPORTS SUBMITTED BY REPORTING ENTITIES AND HELPING THE NATIONAL BANK OF TAJIKISTAN STRENGTHEN ITS INTERNAL AUDIT PROCEDURES. 2478418 159576 303439 THE OTHER FSVC'S PROGRAMS INCLUDED THE FOLLOWING: ALGERIA, EAST AFRICA, ESWATINI, ETHIOPIA, JORDAN, TAJIKISTAN (2 NEW PROGRAMS) AND TUNISIA. 2478418 159576 303439 5751652 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 16 0 15 true false true AL NG TS false false false false false false false false false false X 18 16 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 J ANDREW SPINDLER PRESIDENT AND CEO 40.0 0.0 X X 541287 0 68250 JOHN D POMPAY CHIEF FINANCIAL AND OPERATING 40.0 0.0 X 280728 0 68195 ANDREA PERRAUD MANAGING DIRECTOR 40.0 0.0 X 218439 0 65330 CHAVANNE PEERCY CHIEF OF PARTY, NIGER OFFICE 40.0 0.0 X 229195 0 8847 EDWARD SIA DIRECTOR 40.0 0.0 X 134606 0 61221 CHARLES E KILBOURNE CONSULTANT AND SECRETARY 21.0 0.0 X 181847 0 0 MASSAR BEYE DEPUTY CHIEF OF PARTY, NIGER 40.0 0.0 X 137704 0 27550 WILLIAM H DONALDSON CHAIRMAN 1.0 0.0 X X 0 0 0 JULIAN C SCHROEDER Vice CHAIRMAN AND TREASURER 1.0 0.0 X X 0 0 0 ADAM J SZUBIN DIRECTOR 1.0 0.0 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 WILLIAM MILLS DIRECTOR 1.0 0.0 X 0 0 0 WILLIAM BURNS director (through 10/2020) 1.0 0.0 X 0 0 0 SABINE LAUTENSCHLAGER DIRECTOR 1.0 0.0 X 0 0 0 1723806 0 299393 7 false true false MOHAMED ADAM INTERNATIONAL COMPOUN DS28 INTERNATIONAL COMPOUND MOGADISHU AIRPORT MOGADISHU SO CONSULTING/TRAINING 190027 JACKSON MADZIMAINTERNATIONAL COMPO DS28 INTERNATIONAL COMPOUND BUCHAREST 0 RO CONSULTING/TRAINING 132050 2 6305381 378550 6683931 FEES FOR SERVICE 541900 303439 303439 303439 3030 3030 0 0 29948 29948 0 29948 29948 1065065 994827 70238 70238 70238 0 0 0 0 0 0 0 0 0 0 7090586 303439 103216 0 0 159576 159576 0 1140307 541656 598651 0 2042244 1837001 205171 72 46169 43096 3066 7 495807 426812 68966 29 145476 104162 41300 14 0 3035 3035 47416 47416 0 0 0 1163729 1122913 40813 3 0 315228 208653 102644 3931 129602 117111 12491 0 609649 521277 88335 37 522305 508880 13425 0 81553 81553 0 0 0 43440 39833 3607 OTHER 45706 39129 5634 943 6991242 5751652 1234554 5036 192409 543829 1466268 679695 387366 316463 1906 27108 0 0 0 0 0 0 0 0 142888 149299 601596 1954738 0 0 0 0 0 0 241905 238523 3034338 3909655 857277 804417 0 0 174366 499794 0 0 0 0 0 0 0 0 0 300000 113367 316772 1145010 1920983 X 1769971 1774390 119357 214282 1889328 1988672 3034338 3909655 99344 X false true X true true true X 4997697 4493709 5584064 6803258 6683931 28562659 0 0 4997697 4493709 5584064 6803258 6683931 28562659 0 28562659 2263 3527 56578 32978 95346 0 0 28658005 1490887 0.99667 0.98572 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1432702 70681 1503383 1410754 21948 1432702 1392178 18576 1410754 1389098 3080 1392178 1015000 372272 1826 1389098 1.00000 false false 224452 224452 0 0 238523 0 ACCRUED HEALTH AND PENSION 66463 DEFERRED RENT 231082 SECURITY DEPOSIT PAYABLE 19227 316772 8172186 1081600 1081600 7090586 7090586 8072842 1081600 1081600 6991242 6991242 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. true EUROPE (INCLUDING ICELAND AND GREENLAND) 1 1 PROGRAM SERVICES TECHNICAL ASSISTANCE 426540 MIDDLE EAST AND NORTH AFRICA 1 2 PROGRAM SERVICES TECHNICAL ASSISTANCE 978208 RUSSIA AND THE NEWLY INDEPENDENT STATES 1 2 PROGRAM SERVICES TECHNICAL ASSISTANCE 725878 CENTRAL AMERICA AND THE CARIBBEAN PROGRAM SERVICES TECHNICAL ASSISTANCE 5989 EAST ASIA AND THE PACIFIC PROGRAM SERVICES TECHNICAL ASSISTANCE 5000 SOUTH ASIA PROGRAM SERVICES TECHNICAL ASSISTANCE 33461 SUB-SAHARAN AFRICA 1 5 PROGRAM SERVICES TECHNICAL ASSISTANCE 4206971 4 10 4 10 6382047 6382047 MIDDLE EAST AND NORTH AFRICA PROGRAM SERVICES TECHNICAL ASSISTANCE 25611 MIDDLE EAST AND NORTH AFRICA PROGRAM SERVICES TECHNICAL ASSISTANCE 83965 SUB-SAHARAN AFRICA PROGRAM SERVICES TECHNICAL ASSISTANCE 50000 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 X X X X false false false false false false false false false J ANDREW SPINDLER PRESIDENT AND CEO 475235 0 66052 0 0 0 12540 0 55710 0 609537 0 JOHN D POMPAY CHIEF FINANCIAL AND OPERATING 261869 0 18859 0 0 0 12471 0 55724 0 348923 0 CHARLES E KILBOURNE CONSULTANT AND SECRETARY 181847 0 0 0 0 0 0 0 0 0 181847 0 CHAVANNE PEERCY CHIEF OF PARTY, NIGER OFFICE 184600 0 12922 0 31673 0 0 0 8847 0 238042 0 ANDREA PERRAUD MANAGING DIRECTOR 203739 0 14700 0 0 0 9622 0 55708 0 283769 0 MASSAR BEYE DEPUTY CHIEF OF PARTY, NIGER 115437 0 8080 0 14187 0 3106 0 24444 0 165254 0 EDWARD SIA DIRECTOR 125506 0 9100 0 0 0 5965 0 55256 0 195827 0 Part 1, line 1: Chavanne Peercy and Massar Beye received housing allowances of $31,673 and $14,187, respectively. FORM 990, PART III, LINE 2 in 2020, with funding from the U.S. agency for international development (USAID) and Southern Africa, FSVC launched a new program in Angola, Eswatini and Lesotho focused on strengthening anti-corruption efforts and procedures, while working with both government institutions and civil society organizations. in 2020, FSVC Also launched a new program, with support from USAID, Kenya and East Africa, focused on improving the functioning of commodity exchanges in east Africa. FSVC also launched a program funded by the U.S. department of state's bureau of counterterrorism, focused on increasing the capacity of the Jordanian financial sectors to pursue terrorist financing prosecutions and convictions. FSCV also launched a program funded by the U.S. Department of State's Bureau of Counterterrorism, focused on tackling key vulnerabilities in combating the financing of terrorism systems of Albania, with some activities also covering North Macedonia. FSVC also launched a program funded by the U.S. Embassy in Panama, to assist the Government of Panama and local civil society organizations in increasing budget openness and citizen participation in the budget process. FSVC also launched a program funded by the U.S. Embassy in Dushanbe to increase financial stability in Tajikistan, and strengthen the capacity of regulators and the private sector to detect and report suspicious transactions to law enforcement. FSVC also launched a Program funded by the U.S. Embassy in Dushanbe to assist Tajikistan in the country's efforts to strengthen and systematize government reporting on beneficial ownership for implementation of requirement 2.5 of the Extractive Industries Transparency Initiative Standard. FORM 990, PART III, line 3 Due to the COVID-19 Pandemic, FSCV delivered program services in a remote format as opposed to the usual in-country impmlementation. 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. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION COMMITTEE OF FSVC'S BOARD OF DIRECTORS, COMPRISED OF THE CHAIRMAN (MR. DONALDSON), AND VICE-CHAIRMAN (MR. SCHROEDER), 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 2019. FORM 990, PART VI, SECTION B, LINE 15B THE COMPENSATION COMMITTEE OF FSVC'S BOARD OF DIRECTORS, COMPRISED OF THE CHAIRMAN (MR. DONALDSON), AND VICE-CHAIRMAN (MR. SCHROEDER), 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 2019. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990 PART IX LINE 11G DESCRIPTION:OTHER TOTAL FEES:1163729