2020-11-12T12:26:07-06:00 2019-12-31 BKD LLP 1155 Avenue of the Americas 1200 New York NY 10036 990 2019-01-01 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 & COO 2127711400 2020-11-15 true Aaron Shapiro P01333816 2128674000 167.68.126.162 26511920203175000011 2020-11-12 P 6EF7E506F0EB9D8B772D1A3D38FBD5C32131A5DB 7C3A5CDF8E1BD54BA78EF6152E5252D71EEC4109 2019 2021-01-29 14:40:06Z JOHN D POMPAY 10 EAST 53RD STREET 36TH FL NEW YORK NY 10022 7341291 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 99 0 5584064 6803258 345163 401132 -26978 136901 0 0 5902249 7341291 495736 587317 0 0 2482376 2970645 0 0 21439 2908800 3899247 5886912 7457209 15337 -115918 3123872 3034338 1092679 1145010 2031193 1889328 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 1091294 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 (CBS)'S 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 2019, FSVC COMPLETED A SERIES OF 10 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 MONEY TRANSFER BUSINESSES (MTBS) AND SEVERAL TRAININGS FOR MTBS THEMSELVES IN MOGADISHU AND BAIDAO IN HOW TO IMPROVE THEIR AML/CFT COMPLIANCE IN KEY AREAS SUCH AS KNOW-YOUR-CUSTOMER PROCEDURES AND IDENTIFYING SUSPICIOUS ACTIVITIES. FSVC ALSO EXPANDED ITS WORK TO COVER BANKS. 871185 USAID PROGRAM IN NIGER: WITH FUNDING FROM THE U.S. AGENCY FOR INTERNATIONAL DEVELOPMENT, FSVC LAUNCHED A PROGRAM IN JULY 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 2019, FSVC COMPLETED A SERIES OF 5 LONG AND SHORT-TERM PROJECTS THAT INCLUDED SELECTING SCOC IN NIAMEY TO TAKE PART IN FSVC'S CSO INCUBATOR PROGRAM; AND CONDUCTING A SERIES OF KEY ASSESSMENTS, INCLUDING A POLITICAL ECONOMY ASSESSMENT, A CSO ASSESSMENT, AND A POLICY REFORM ASSESSMENT. 644005 USAID PROGRAM IN ALBANIA: WITH FUNDING FROM THE U.S. AGENCY FOR INTERNATIONAL DEVELOPMENT, FSVC IMPLEMENTED 21 PROJECTS IN 2019 UNDER ITS FINANCIAL SECTOR DEVELOPMENT PROGRAM IN ALBANIA. THIS PROGRAM AIMS TO PROMOTE FINANCIAL STABILITY IN ALBANIA, THANKS IN PART BY IMPROVING THE QUALITY AND CONSISTENCY OF FINANCIAL SECTOR REGULATION AND SUPERVISION. PROJECTS IN 2019 INCLUDED HELPING THE ALBANIAN FINANCIAL SUPERVISORY AUTHORITY ENHANCE ITS INSOLVENCY/LIQUIDATION PROCEDURES FOR INSURANCE COMPANIES; AND ASSISTING THE BANK OF ALBANIA IN UPGRADING ITS CREDIT REGISTRY AND EXPLORING THE FEASIBILITY OF INTRODUCING INSTANT PAYMENTS IN ALBANI HELPING MUNICIPALITIES IDENTIFY DATASETS THEY CAN DISCLOSE TO THE PUBLIC ON FSVC'S OPEN DATA PLATFORMS; WORKING WITH PUBLIC AND PRIVATE SECTOR REPRESENTATIVES FROM THE AGRICULTURAL AND MUNICIPAL SECTORS TO IDENTIFY USEFUL DATASETS TO BE DISCLOSED IN OPEN DATA FORMS; AND LAUNCHING INFORMINI.ORG ACCESS-TO-INFORMATION PLATFORM IN FRENCH AND ARABIC. IN 2019, FSVC VOLUNTEER EXPERTS DONATED A TOTAL OF 761 HOURS TO THE TUNISIA PROGRAM. 3551113 587317 401132 THE OTHER FSVC'S PROGRAMS INCLUDED THE FOLLOWING ANGOLA, ESWATINI, BANGLADESH, ETHIOPIA, MOLDOVA, MOROCCO, TAJIKISTAN AND TUNISIA. 3551113 587317 401132 6157597 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 JO TS 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 X J ANDREW SPINDLER PRESIDENT AND CEO 40.0 0.0 X X 491174 0 65401 JOHN D POMPAY CHIEF FINANCIAL AND OPERATING 40.0 0.0 X 272655 0 65195 ANDREA PERRAUD MANAGING DIRECTOR 40.0 0.0 X 210142 0 47819 CHARLES E KILBOURNE CONSULTANT & SECRETARY 21.0 0.0 X X 177524 0 0 EDWARD SIA DIRECTOR 40.0 0.0 X 117519 0 57690 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 WILLIAM J BURNS 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 JOHN L THORNTON 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 1269014 0 236105 4 false true false MOHAMED ADAM INTERNATIONAL COMPOUN DS28 INTERNATIONAL COMPOUND MOGADISHU AIRPORT MOGADISHU SO CONSULT/TRAINING 240467 JACKSON MADZIMA INTERNATIONAL COMP DS28 INTERNATIONAL COMPOUND BUCHAREST 0 RO CONSULT/TRAINING 215856 ADAPT LLC 3025 ONTARIO RD NW APT 304 WASHINGTON DC 20009 CONSULTING-NIGER 101200 CMA SMALL SYSTEMS 40 HALSINGEGATAN STOCKHOLM 0 SW IT PLATFORM/CBM 206200 4 6535007 268251 6803258 FEES FOR SERVICE 541900 401132 401132 401132 136901 136901 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7341291 401132 136901 0 0 587317 587317 0 1071949 621730 450219 0 1401466 988426 405984 7056 55560 37209 17977 374 321873 227272 91555 3046 119797 80228 38762 807 0 13189 12113 1076 42580 1020 41560 0 0 0 1696607 1656305 40060 242 0 206791 164876 35201 6714 58174 49100 8953 121 0 341717 247883 91744 2090 1353896 1314439 39457 0 68137 68137 0 0 23229 19847 3311 71 39974 35815 4073 86 OTHER 54953 45880 8241 832 7457209 6157597 1278173 21439 371048 192409 542803 1466268 419401 387366 0 1906 0 0 0 0 0 0 0 0 85130 142888 224452 224452 23229 0 1682261 601596 0 0 0 0 0 0 0 241905 3123872 3034338 264935 857277 0 0 143641 174366 0 0 0 0 0 0 0 0 0 0 684103 113367 1092679 1145010 X 1841003 1769971 190190 119357 2031193 1889328 3123872 3034338 X -115918 -25947 X false true X true true true X 6212751 4997697 4493709 5584064 6803258 28091479 0 0 6212751 4997697 4493709 5584064 6803258 28091479 338954 27752525 880 2263 3527 56578 63248 0 0 28154727 1011972 0.98572 0.98577 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1410754 21948 1432702 1392178 18576 1410754 1389098 3080 1392178 1015000 372272 1826 1389098 1015000 1015000 1.00000 false false 224452 224452 241905 0 ACCRUED HEALTH AND PENSION 55560 DEFERRED RENT 38580 SECURITY DEPOSIT PAYABLE 19227 113367 11045491 3704200 3704200 7341291 7341291 11161409 3704200 3704200 7457209 7457209 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. true EUROPE (INCLUDING ICELAND AND GREENLAND) 1 1 PROGRAM SERVICES TECHNICAL ASSISTANCE 788070 MIDDLE EAST AND NORTH AFRICA 1 1 PROGRAM SERVICES TECHNICAL ASSISTANCE 1847676 RUSSIA AND THE NEWLY INDEPENDENT STATES 1 2 PROGRAM SERVICES TECHNICAL ASSISTANCE 1313845 CENTRAL AMERICA AND THE CARIBBEAN PROGRAM SERVICES TECHNICAL ASSISTANCE 29205 EAST ASIA AND THE PACIFIC PROGRAM SERVICES TECHNICAL ASSISTANCE 42233 SOUTH ASIA PROGRAM SERVICES TECHNICAL ASSISTANCE 126860 SUB-SAHARAN AFRICA 1 15 PROGRAM SERVICES TECHNICAL ASSISTANCE 3329745 4 19 4 19 7477634 7477634 Europe (Including Iceland and Greenland) Program Services Technical Assistance 249218 wire transfe Middle East and North Africa Program Services Technical Assistance 264900 wire transfe Middle East and North Africa Program Services Technical Assistance 73199 wire transfe 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 IS RESPONSIBLE FOR THE OPERATING EXPENSE (OE) BUDGET AND ALL SUPPORT COSTS. X X X X false false false false false false false true false J ANDREW SPINDLER PRESIDENT AND CEO 463453 0 27721 0 0 0 12320 0 53081 0 556575 0 JOHN D POMPAY CHIEF FINANCIAL AND OPERATING 256875 0 15780 0 0 0 12114 0 53081 0 337850 0 ANDREA PERRAUD MANAGING DIRECTOR 197842 0 12300 0 0 0 9258 0 38561 0 257961 0 EDWARD SIA DIRECTOR 110619 0 6900 0 0 0 5215 0 52475 0 175209 0 CHARLES E KILBOURNE CONSULTANT & SECRETARY 177524 177524 PART I, LINE 7 & PART II, COLUMN (B)(II): IN 2019 THE BOARD OF DIRECTORS AUTHORIZED A 6% BONUS FOR ALL US-BASED EMPLOYEES AND EXPAT EMPLOYEES, AND A 1-MONTH SALARY (13TH MONTH) BONUS FOR FSVC'S FOREIGN STAFF, INCLUDING OFFICERS AND HIGHEST COMPENSATED EMPLOYEES. FORM 990, PART III, LINE 2 IN 2019, WITH SUPPORT FROM THE U.S. AGENCY FOR INTERNATIONAL DEVELOPMENT, FSVC LAUNCHED A NEW PROGRAM IN NIGER FOCUSED ON HELPING CIVIL SOCIETY MORE EFFECTIVELY ENGAGE THE GOVERNMENT AND ASSISTING KEY GOVERNMENT INSTITUTIONS IN BECOMING MORE EFFECTIVE IN THEIR MANDATE AND RESPONSIVE TO CITIZEN NEEDS. IN 2019, FSVC ALSO LAUNCHED A NEW PROGRAM, WITH SUPPORT FROM THE U.S. DEPARTMENT OF STATE, TO STRENGTHEN FINANCIAL STABILITY AND FINANCIAL INTEGRITY IN TAJIKISTAN. FSVC ALSO BEGAN A PROGRAM WITH SUPPORT FROM THE U.S. DEPARTMENT OF STATE TO HELP ETHIOPIA COMBAT CORRUPTION THROUGH INCREASED BUDGET TRANSPARENCY. 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:1661607 FORM 990 PART IX LINE 11G DESCRIPTION:MEDIA TOTAL FEES:35000