2019-11-19T14:34:49-06:00 2019-06-30 520901831 ROSS LANGAN & MCKENDREE LLP 7900 WESTPARK DR STE T420 MCLEAN VA 22102 990 2018-07-01 541940918 FIVE TALENTS U S A FIVE 7032426016 PO BOX 331 VIENNA VA 22183 DALE STANTON HOYLE EXECUTIVE DIRECTOR 7032426016 2019-11-15 1 JEFFREY P HAYDEN P00057870 7038932660 X 208.82.213.4 2019-11-15 09:58:31 ES P B602D594AFD2B0B327E07A06F36CA6A7E42546D0 B602D594AFD2B0B327E07A06F36CA6A7E42546D0 2018 2020-04-17 16:48:07Z DALE STANTON-HOYLE PO BOX 331 VIENNA VA 22183 1035963 0 X WWW.FIVETALENTS.ORG X 1999 VA FIVE TALENTS WORKS TO ERADICATE EXTREME POVERTY. 12 12 9 43 0 0 868355 989267 0 0 8397 7538 247 0 876999 996805 399087 437843 0 0 352915 324534 0 0 135055 113076 137740 865078 900117 11921 96688 249890 397119 58098 73677 191792 323442 X FIVE TALENTS MISSION IS TO TRANSFORM LIVES THROUGH ECONOMIC EMPOWERMENT. FIVE TALENTS VISION IS TO ERADICATE EXTREME POVERTY BY RESTORING HUMAN DIGNITY AND CREATING STRONG, SUSTAINABLE COMMUNITIES. FIVE TALENTS WORKS TO COMBAT POVERTY IN THE... CONTINUED ON SCHEDULE OCONTINUED FROM PAGE 2... DEVELOPING WORLD BY: (1) EQUIPPING COMMUNITY LEADERS TO CARE FOR THE POOR AND LESS FORTUNATE, (2) EMPOWERING POOR FAMILIES WITH KNOWLEDGEAND SKILLS TO READ, WRITE, SAVE, AND INVEST, AND (3) DEVELOPING COMMUNITY SAVINGS GROUPS AND HELPING FAMILIES TO LAUNCH AND GROW SMALL BUSINESSES. 0 0 674336 437843 FIVE TALENTS SIGNS MEMORANDUMS OF UNDERSTANDING WITH MICROENTERPRISE DEVELOPMENT PARTNERS TO OPERATE COMMUNITY SAVINGS AND LENDING PROGRAMS IN DEVELOPING COUNTRIES. THESE DOCUMENTS PROVIDE FOR FUTURE FUNDING FROM FIVE TALENTS BASED ON MUTUALLY-AGREED UPON PLANS. FIVE TALENTS ALSO RECEIVES FUNDS DESIGNATED FOR CERTAIN PROGRAMS AND COUNTRIES. BELOW IS A BRIEF SUMMARY OF FIVE TALENTS IMPACT BY COUNTRY THROUGH 2019: LATIN AMERICABOLIVIA - FIVE TALENTS HAS WORKED IN THE MOUNTAINOUS AREAS OF SOUTHERN BOLIVIA FOR OVER A DECADE REACHING OUT TO FAMILIES LIVING IN EXTREME POVERTY. IN PARTNERSHIP WITH SEEDS OF ...CONTINUED ON SCHEDULE OCONTINUED FROM PAGE 2... BLESSING, FIVE TALENTS FACILITATES SMALL BUSINESS DEVELOPMENT THROUGH TRAINING, MENTORSHIP, AND COMMUNITY SAVINGS AND LOANS. PARTICIPANTS JOIN SMALL SAVINGS GROUPS AND RECEIVE TRAINING IN BUDGETING, SAVING, COST OF CREDIT, BUSINESS PLANNING, NUTRITION AND DISCIPLESHIP. THEY LEARN HOW TO INVEST IN AND GROW SMALL BUSINESSES. CURRENTLY, ABOUT 250 FAMILIES ARE MEMBERS AND 75% DESCRIBE THE BIGGEST CHANGES IN THEIR LIVES AS HAVING SAVINGS AND BEING BRAVE ENOUGH TO IMPROVE THEIR LIVES.ASIAINDONESIA - FOR WELL OVER A DECADE, FIVE TALENTS HAS PARTNERED WITH THE GERHATI FOUNDATION TO SERVE OVER 14,000 ENTREPRENEURS IN THE URBAN SLUMS OF JAKARTA. PROGRAM PARTICIPANTS GAIN ACCESS TO MICRO-BUSINESS LOANS, PARTICIPATE IN A SAVINGS PROGRAM, AND RECEIVE TRAINING IN BUDGETING AND OTHER BUSINESS SKILLS. THEIR FAMILIES, MANY OF WHICH FACE UNHEALTHY LIVING CONDITIONS, ALSO GAIN ACCESS TO FREE MEDICAL CLINICS SEVERAL TIMES A YEAR. MYANMAR - FIVE TALENTS HAS WORKED IN MYANMAR ALMOST A DECADE WITH MOTHERS UNION AND THE PROVINCE OF MYANMAR TO CATALYZE MICROENTERPRISE DEVELOPMENT. FIVE TALENTS' PROGRAMS HAVE FOCUSED ON THE CREATION OF SAVINGS AND LOAN GROUPS IN RURAL AND UNDEVELOPED REGIONS OF IRRAWADDY DELTA, YANGON, MANDALAY, SITTWE, HPA-AN IN KAYIN STATE, AND MYITKYINA IN KACHIN STATE. SAVINGS GROUP MEMBERS ESTABLISH OR DEVELOP THEIR OWN BUSINESSES AND OFTEN WORK TOGETHER TO FORM COOPERATIVES. A VARIETY OF AGRICULTURAL BUSINESSES HAVE BEEN DEVELOPED INCLUDING THE PRODUCTION OF RICE, COFFEE, CHILI, TEA, MUSHROOMS, BEANS, BETEL PALM PRODUCTS, TURMERIC POWDER, SOAPS, LOTIONS, AND NATURAL BEAUTY PRODUCTS. AFRICABURUNDI - BURUNDI IS THE WORLD'S MOST RURAL COUNTRY WITH 90% OF THE POPULATION ENGAGED IN FARMING. IT IS ALSO ONE OF THE WORLD'S POOREST COUNTRIES WITH 70% SUBSISTING ON LESS THAN ONE DOLLAR PER DAY. ONLY 5.2% OF WOMEN HAVE HAD ACCESS TO A HIGH SCHOOL EDUCATION. FIVE TALENTS PARTNERS WITH THE MOTHERS UNION AND THE ANGLICAN CHURCH IN BURUNDI TO OFFER TRAINING IN LITERACY AND NUMERACY, BUSINESS SKILLS, AND THE FORMATION OF COMMUNITY SAVINGS GROUPS. TO DATE, OVER 50,000 PEOPLE, MOSTLY WOMEN, HAVE JOINED COMMUNITY SAVINGS AND LOAN ASSOCIATIONS. MEMBERS HAVE ACCESS TO MENTORSHIP, BASIC FINANCIAL SERVICES, AND EMERGENCY FUNDS. EIGHTY PERCENT OF THESE GROUPS ARE NOW SELF-MANAGING.DEMOCRATIC REPUBLIC OF CONGO - IN 2018, FIVE TALENTS BEGAN A NEW MINISTRY IN THE DIOCESE OF ARU, IN THE NORTHEASTERN CORNER OF DR CONGO. OVER THE PAST YEAR, FIVE TALENTS HAS WORKED TO MOBILIZE CHURCH AND COMMUNITY LEADERS, AND THE TRAINING AND MENTORING OF STAFF AND COMMUNITY WORKERS, WHILE LAUNCHING NEW LITERACY GROUPS IN 60 DIFFERENT COMMUNITIES. KENYA - FIVE TALENTS BEGAN WORKING IN KENYA WELL OVER A DECADE AGO AND HAS SERVED COMMUNITIES IN EMBU, THIKA, NAKURU, AND KERICHO. IN 2018, FIVE TALENTS SUPPORTED THE FORMATION OF A NEW PROGRAM SERVING THREE DIOCESES IN WESTERN KENYA. PARTICIPANTS IN THESE PROGRAMS LEARN KEY SKILLS IN FINANCIAL MANAGEMENT AND BUSINESS DEVELOPMENT. THEY ALSO ENGAGE IN COMMUNITY-OWNED AND MANAGED, SAVINGS GROUPS MEETING TOGETHER ON A WEEKLY BASIS. MOST MEMBERS START AS SUBSISTENCE LEVEL FARMERS, BUT MANY END UP DEVELOPING THEIR OWN SMALL BUSINESSES. TO DATE, FIVE TALENTS HAS SERVED OVER 16,000 MEMBERS IN KENYA AND FORMED THREE COMMUNITY BANKS. 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 IN THE COUNTRY. WORKING IN PARTNERSHIP WITH WORLD CONCERN, MOTHERS UNION, AND THE EPISCOPAL CHURCH OF SOUTH SUDAN, FIVE TALENTS HAS SERVED OVER 30,000 MEMBERS WITH BUSINESS SKILLS TRAINING AND ACCESS TO COMMUNITY SAVINGS AND LOANS. IN ADDITION, OVER 16,000 WOMEN AND MEN HAVE BEEN ACCREDITED IN LITERACY AND NUMERACY. IN 2018, FIVE TALENTS PROGRAMS FOCUSED ON WESTERN BAHR EL GHAZAL, WARRAP STATE AND DISPLACED COMMUNITIES AROUND JUBA, WHILE SUPPORTING THE DEVELOPMENT OF A NEW PROGRAM IN RENK IN UPPER NILE. 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. THIS INCLUDES PROVIDING OVER 11,000 WOMEN WITH ACCESS TO COMMUNITY SAVINGS AND MICRO-LOANS FOR LOCAL DEVELOPMENT. IN 2018, FIVE TALENTS PROGRAMS FOCUSED ON THE REGION OF MOROGORO, WHERE 81% OF THE POPULATION SUBSISTS ON LESS THAN $2.50 PER DAY. OVER THE NEXT SEVERAL YEARS, FIVE TALENTS' AIM IS TO REACH OVER 2,500 FAMILIES IN THE REGION WITH TRAINING AND TOOLS TO DEVELOP THEIR OWN SMALL BUSINESSES. 674336 1 1 0 0 0 0 0 0 0 1 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 1 0 0 0 0 0 0 0 0 1 4 0 9 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA IL MA MD NC OH PA SC TN VA WA X X FIVE TALENTS 7032426016 PO BOX 331 VIENNA VA 22183 JIM OAKES CHAIRMAN 6.00 X X 0 0 0 KIMBERLY MCCLURE PACALA VICE CHAIR 4.00 X X 0 0 0 AIMEE DAVIS TREASURER 2.00 X X 0 0 0 KATHLEEN CROW SECRETARY 4.00 X X 0 0 0 DR JOHN BEYER DIRECTOR 1.00 X 0 0 0 STACY CARLSON FORMER DIRECTOR 1.00 X 0 0 0 PAUL COLLINS DIRECTOR 1.00 X 0 0 0 REV CORKY EDDINS DIRECTOR 1.00 X 0 0 0 BILL EGGBEER PAST CHAIR 1.00 X 0 0 0 ART MEDICI DIRECTOR 1.00 X 0 0 0 STEVE TEES DIRECTOR 1.00 X 0 0 0 DR APRIL YOUNG PAST CHAIR 1.00 X 0 0 0 JIM LEWIS DIRECTOR 1.00 X 0 0 0 DALE STANTON-HOYLE EXECUTIVE DIRECTOR 40.00 X 80000 0 15072 80000 0 15072 0 0 0 0 0 6210 983057 62356 989267 9148 9148 37548 38258 900 -710 -900 -1610 -900 -710 996805 -900 0 8438 437843 437843 95072 52290 4753 38029 192660 102588 42533 47539 5088 2703 1182 1203 7969 4130 2865 974 23745 12766 4052 6927 425 425 14872 14872 23783 20538 920 2325 401 401 30487 9765 10016 10706 11539 4875 1298 5366 18000 9677 3072 5251 14774 5875 1229 7670 15614 7062 2172 6380 890 478 152 260 1875 1008 320 547 4541 2441 775 1325 539 297 90 152 900117 674336 90726 135055 44156 107372 146473 0 52270 151532 3455 5147 8273 7512 3536 761 132307 249890 397119 38098 13677 60000 20000 0 58098 73677 X 37525 131256 154267 192186 191792 323442 249890 397119 96688 -2478 37440 0 X 0 1 X 1 0 X 907270 722027 716163 868355 989267 4203082 907270 722027 716163 868355 989267 4203082 454787 3748295 158 17347 4508 7617 9148 38778 247 247 4242107 0.88360 0.81290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 75000 0 0 0 0 75000 1.00000 0 0 8273 7512 761 761 X 1019314 -2478 24987 22509 996805 0 996805 925104 24987 24987 900117 0 900117 PART V, LINE 4: THE BOARD OF DIRECTORS HAS DESIGNATED $75,000 TO BE SET ASIDE TO PROVIDE A SOURCE OF WORKING CAPITAL FOR EMERGENCIES. PART X, LINE 2: FIVE TALENTS IS REQUIRED TO MEASURE, RECOGNIZE, PRESENT, AND DISCLOSE IN ITS FINANCIAL STATEMENTS UNCERTAIN INCOME TAX POSITIONS FIVE TALENTS HAS TAKEN IN THE TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION OR EXPECTS TO TAKE ON AN INCOME TAX RETURN. FIVE TALENTS RECOGNIZES THE TAX BENEFITS FROM UNCERTAIN INCOME TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAX AUTHORITIES. FIVE TALENTS RECORDED NO LIABILITY FOR UNCERTAIN INCOME TAX POSITIONS FOR ANY OPEN TAX YEARS. 1 EAST ASIA & THE PACIFIC 0 3 PROGRAM SERVICES TECHNICAL ASSISTANCE, TRAINING, AND OVERSIGHT 17508 EAST ASIA & THE PACIFIC 0 GRANTS & OTHER ASSISTANCE 70762 SOUTH AMERICA 0 1 PROGRAM SERVICES TECHNICAL ASSISTANCE, TRAINING & OVERSIGHT 5942 SOUTH AMERICA 0 GRANTS & OTHER ASSISTANCE 37377 SUB-SAHARAN AFRICA 0 1 PROGRAM SERVICES TECHNICAL ASSISTANCE, TRAINING & OVERSIGHT 3038 SUB-SAHARAN AFRICA 0 GRANTS & OTHER ASSISTANCE 329704 CENTRAL AMERICA & CARIBBEAN 0 0 SENDING STAFF TO CONFERENCE 1078 EUROPE 0 0 MEETING WITH COLABORATIVE ORGANIZATIONS 3426 0 5 0 0 0 5 468835 0 468835 SUB-SAHARAN AFRICA LITERACY, FINANCIAL SAVINGS GROUPS & EMPOWERMENT, TECHNICAL ASSISTANCE, TRAINING & OVERSIGHT 12500 WIRE TRANSFER 7242 TRAVEL EXPENSES FMV EAST ASIA & THE PACIFIC FINANCIAL SAVINGS GROUPS & EMPOWERMENT, TECHNICAL ASSISTANCE, TRAINING, AND OVERSIGHT 15000 WIRE TRANSFER 6308 TRAVEL EXPENSES FMV SUB-SAHARAN AFRICA LITERACY, FINANCIAL SAVINGS GROUPS & EMPOWERMENT, TECHNICAL ASSISTANCE, TRAINING, & OVERSIGHT 51100 WIRE TRANSFER 2713 SUPPLIES & TRAVEL EXPENSES FMV EAST ASIA & THE PACIFIC LITERACY, FINANCIAL SAVINGS GROUPS & EMPOWERMENT, TECHNICAL ASSISTANCE, TRAINING & OVERSIGHT 43500 WIRE TRANSFER 5955 TRAVEL EXPENSES FMV SUB-SAHARAN AFRICA LITERACY, FINANCIAL SAVINGS GROUPS & EMPOWERMENT, TECHNICAL ASSISTANCE, TRAINING, & OVERSIGHT 195353 CREDIT CARD PAYMENT, WIRE TRANSFER 4813 SUPPLIES & TRAVEL EXPENSES FMV SOUTH AMERICA FINANCIAL SAVINGS GROUPS & EMPOWERMENT, TECHNICAL ASSISTANCE, TRAINING & OVERSIGHT 30144 CASH ADVANCE, WIRE TRANSFER 7233 SUPPLIES & TRAVEL EXPENSES FMV SUB-SAHARAN AFRICA LITERACY, FINANCIAL SAVINGS GROUPS & EMPOWERMENT, TECHNICAL ASSISTANCE, TRAINING & OVERSIGHT 49550 WIRE TRANSFER 6432 SUPPLIES & TRAVEL EXPENSES FMV 7 0 0 0 0 0 0 0 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. X 5 14039 FAIR MARKET VALUE X GRANT EXPENSES 1 44500 COST X TRAVEL AND EVENT COSTS 11 3817 COST 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE 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 MEMBERS OF THE BOARD OF DIRECTORS REVIEW AND APPROVE COMPENSATION. 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.