2019-03-19T08:52:12-05:00 2018-12-31 455297192 RYAN GUNSAULS & O'DONNELL LLC 5590 E YALE AVE SUITE 201 DENVER CO 80222 990 2018-01-01 200458807 CAPITAL SISTERS INTERNATIONAL INC CAPI 3035269396 227 LAMB LN GOLDEN CO 80401 PATRICIA F HINNEN CEO/PRESIDENT 7204273348 2019-03-19 1 ELIZABETH B MOORE CPA MTX P00292689 3037585558 2019-02-27 23.31.88.249 2019-03-19 06:30:57 MD P 8181144DFF81D43569A06D4BAB7BADF7285BF773 8181144DFF81D43569A06D4BAB7BADF7285BF773 2018 2019-02-21 02:37:17Z PATRICIA F HINNEN 227 LAMB LN GOLDEN CO 80401 246902 0 X WWW.CAPITALSISTERS.ORG X 2001 CO TO PROVIDE GRANTS, LOANS, AND LOAN GUARANTEES TO ASSIST THE MICROFINANCE INDUSTRY IN MAKING MICRO LOANS TO IMPOVERISHED WOMEN AND TO PROVIDE DONORS AND INVESTORS AN OPPORTUNITY TO MAKE TARGETED INVESTMENTS IN POVERTY ALLEVIATION THROUGH MICROFINANCE. 4 0 3 30 0 0 294524 215697 0 0 169 365 0 0 294693 216062 29160 21560 0 0 145173 146914 0 0 31877 67942 91003 242275 259477 52418 -43415 637679 836188 480643 722566 157036 113622 TO PROVIDE GRANTS, LOANS, AND LOAN GUARANTEES TO ASSIST THE MICROFINANCE INDUSTRY IN MAKING MICRO LOANS TO IMPOVERISHED WOMEN AND TO PROVIDE DONORS AND INVESTORS AN OPPORTUNITY TO MAKE TARGETED INVESTMENTS IN POVERTY ALLEVIATION THROUGH MICROFINANCE. 0 0 128640 INVESTMENT PROGRAM: RAISE FUNDS FOR MICROFINANCE ORGANIZATIONS WHICH LEND TO IMPOVERISHED WOMEN IN DEVELOPING COUNTRIES. CAPITAL SISTERS INTERNATIONAL MANAGES A SOCIAL INVESTMENT FUND WHICH SELLS $1,000 ZERO-INTEREST BONDS AND LENDS THE PROCEEDS (WITH ZERO INTEREST) TO MICROFINANCE INSTITUTIONS WHOSE MISSIONS ARE ALIGNED WITH THAT OF CAPITAL SISTERS AND WHO SATISFY OUR OTHER LENDING CRITERIA. 23492 EDUCATION AND ADVOCACY PROGRAM: EDUCATE THE PUBLIC AND PRIVATE COMMUNITIES REGARDING THE IMPACT OF MICROFINANCE AND ADVOCATE FOR ENABLING PUBLIC POLICY FOR THE INDUSTRY. 21560 21560 GRANTS PROGRAM: PROVIDE GRANTS TO ASSIST THE MICROFINANCE INDUSTRY IN MAKING MICRO LOANS TO IMPOVERISHED WOMEN. 173692 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 2 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 0 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CO X PATRICIA F HINNEN 7204273348 227 LAMB LN GOLDEN CO 80401 PAT COOPER BOARD MEMBER 3.00 X 0 0 0 PATRICIA F HINNEN PRESIDENT 40.00 5.00 X X 0 0 0 CINDY LINDSAY SECRETARY 3.00 X X 0 0 0 BRITT HINNEN TREASURER 3.00 X X 0 0 0 SONDRA GREENE CHIEF FINANCIAL OFFICER 40.00 X 54929 0 7187 54929 0 7187 0 0 0 0 0 215697 29851 215697 225 225 30980 30840 140 140 140 216062 0 0 365 X 21560 21560 62116 43368 16754 1994 70999 48277 13699 9023 4427 879 2030 1518 9372 6578 2056 738 10800 8640 2160 32211 15556 6612 10043 4871 1247 2505 1119 1960 1960 10224 9729 64 431 11743 9974 1769 2061 2061 PRINTING AND POSTAGE 8126 4036 52 4038 DINING 3709 1691 1900 118 MISCELLANEOUS 3583 1547 950 1086 MEMBERSHIPS 1715 610 1105 259477 173692 53908 31877 18701 15956 103831 36030 13100 24655 4569 755 4978 2385 2385 0 0 1292 500000 750000 637679 836188 12545 18533 90000 94000 373000 602000 5098 8033 480643 722566 X 149487 100622 7549 13000 157036 113622 637679 836188 X -43415 1 X X 0 1 X 1 0 X 231063 188563 234943 294525 215697 1164791 231063 188563 234943 294525 215697 1164791 294520 870271 64 49 190 169 365 837 886 886 1166514 6616 0.74600 0.70840 X 2385 2385 0 0 NOTES RECEIVABLE 750000 C 750000 ACCRUED PAYROLL AND RELATED BENEFITS 8033 8033 X 395356 179294 179294 216062 0 216062 438771 179294 179294 259477 0 259477 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION. THE ORGANIZATION IS, HOWEVER, SUBJECT TO INCOME TAX ON ANY UNRELATED BUSINESS INCOME. THERE WAS NO UNRELATED TAXABLE INCOME FOR THE YEARS ENDED DECEMBER 31, 2018 AND 2017. THE ORGANIZATION HAS ADOPTED THE PROVISIONS OF INCOME TAXES. IN DETERMINING THE RECOGNITION OF UNCERTAIN TAX POSITIONS, THE ORGANIZATION APPLIES A MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD AND DETERMINES THE MEASUREMENT OF UNCERTAIN TAX POSITIONS CONSIDERING THE AMOUNTS AND PROBABILITIES OF THE OUTCOMES THAT COULD BE REALIZED UPON ULTIMATE SETTLEMENT WITH TAXING AUTHORITIES. THE ORGANIZATION ANALYZED ITS TAX POSITIONS TAKEN ON THEIR FEDERAL TAX RETURNS FOR THE OPEN TAX YEARS 2015 THROUGH 2017. BASED ON THEIR ANALYSIS, THE ORGANIZATION DETERMINED THAT THERE WERE NO UNCERTAIN TAX POSITIONS AND THAT THE ORGANIZATION SHOULD PREVAIL UPON EXAMINATION BY TAXING AUTHORITIES. 1 CAPITAL FRIENDS INTERNATIONAL INC 227 LAMB LN GOLDEN CO 80401 202224943 501(C)(3) 13000 PROGRAM SUPPORT 1 0 PATRICIA F AND BRITT HINNEN DIRECTORS/OFFICERS SEE PART V X 5000 5000 0 0 0 CINDY LINDSAY DIRECTOR/OFFICER SEE PART V X 26000 26000 0 0 0 SONDRA GREENE OFFICER SEE PART V X 7000 7000 0 0 0 PAT COOPER DIRECTOR/OFFICER SEE PART V X 2000 2000 0 0 0 DANE HINNEN FAMILY OF DIRECTOR/OFFICER SEE PART V X 1000 1000 0 0 0 BETH HINNEN FAMILY OF DIRECTOR/OFFICER SEE PART V X 5000 5000 0 0 0 TERI SCHWARTZ DIRECTOR/OFFICER SEE PART V X 1000 1000 0 0 0 STEPHANIE BOYLES DIRECTOR/OFFICER SEE PART V X 5000 5000 0 0 0 PAM BROWN DIRECTOR/OFFICER SEE PART V X 10000 10000 0 0 0 MARY ZINN DIRECTOR EMERITUS SEE PART V X 6000 6000 0 0 0 STEPHEN SHEAFOR FAMILY OF DIRECTOR/OFFICER SEE PART V X 25000 25000 0 0 0 COLE AND JANA HINNEN FAMILY OF DIRECTOR/OFFICER SEE PART V X 1000 1000 0 0 0 94000 SUPPLEMENTAL INFORMATION EACH OF THE REPORTED TRANSACTIONS IS THE PURCHASE OF ZERO-INTEREST BONDS ISSUED BY THE ORGANIZATION FOR THE PURPOSE OF FUNDING ITS CORE MISSION OF MAKING LOANS TO MICROFINANCE ORGANIZATIONS. ALL BONDS ISSUED HOLD THE SAME TERMS AND THE DIRECTORS, OFFICERS AND STAFF HAVE NO RIGHTS OR BENEFITS THAT DIFFER FROM ANY OTHER INVESTORS. THE ORGANIZATION CONSIDERS IT DESIRABLE FOR ITS DIRECTORS, OFFICERS AND STAFF TO PURCHASE THE BONDS AS A SIGN OF CONFIDENCE IN ITS INVESTMENT PROGRAM. FORM 990, SCHEDULE L, PART II, COLUMN (B) DANE HINNEN, BETH HINNEN, STEPHEN SHEAFOR, AND COLE AND JANA HINNEN ARE FAMILY MEMBERS OF DIRECTORS/OFFICERS OF THE ORGANIZATION. X 2 29566 FMV X 6 285 FMV 0 0 0 FORM 990, PART I, LINE 4 TWO OF THE FOUR DIRECTORS WOULD BE CONSIDERED INDEPENDENT IF NOT FOR THEIR PURCHASE OF ZERO-INTEREST BONDS ISSUED BY THE ORGANIZATION FOR THE PURPOSE OF FUNDING ITS CORE MISSION OF MAKING MICRO LOANS TO MICROFINANCE ORGANIZATIONS. FORM 990, PART IV, LINE 26 EACH OF THE REPORTED TRANSACTIONS IS THE PURCHASE OF ZERO-INTEREST BONDS ISSUED BY THE ORGANIZATION FOR THE PURPOSE OF FUNDING ITS CORE MISSION OF MAKING LOANS TO MICROFINANCE ORGANIZATIONS. ALL BONDS ISSUED HOLD THE SAME TERMS AND THE DIRECTORS AND OFFICERS HAVE NO RIGHTS OR BENEFITS THAT DIFFER FROM ANY OTHER INVESTORS. THE ORGANIZATION CONSIDERS IT DESIREABLE FOR ITS OFFICERS AND DIRECTORS TO PURCHASE BONDS AS A SIGN OF CONFIDENCE IN ITS INVESTMENT PROGRAM. FORM 990, PART VI, SECTION A, LINE 2 PATRICIA F. HINNEN, PRESIDENT, IS MARRIED TO BRITT HINNEN, TREASURER. NEITHER INDIVIDUAL RECEIVES COMPENSATION FROM THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B A THIRD PARTY ACCOUNTING FIRM PREPARES THE DRAFT 990, WHICH IS THEN REVIEWED BY MANAGEMENT. THE FINAL DRAFT 990 IS SUBMITTED TO THE BOARD FOR REVIEW AND COMMENT, AND REVISED IF NECESSARY, PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED PERIODICALLY BY THE BOARD AND COMPLIANCE FORMS ARE SUBMITTED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S CEO WORKS ON A PRO BONO BASIS BUT HER NOTIONAL SALARY WAS DEVELOPED AND APPROVED BY THE INDEPENDENT DIRECTORS OF THE BOARD AND BASED ON COMPARABLE INDUSTRY DATA. THE ORGANIZATION'S CHIEF FINANCIAL OFFICER IS A MEMBER OF STAFF AND HER SALARY WAS DEVELOPED BY AN INDEPENDENT HIRING COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS. THE ORGANIZATION HAS NO EMPLOYEES WHO WOULD BE CLASSIFIED AS KEY EMPLOYEES BASED ON SALARY LEVEL. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACT LABOR: PROGRAM SERVICE EXPENSES 13,611. MANAGEMENT AND GENERAL EXPENSES 6,612. FUNDRAISING EXPENSES 9,413. TOTAL EXPENSES 29,636. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,945. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 630. TOTAL EXPENSES 2,575. FORM 990, PART IX CAPITAL SISTERS' PRIMARY PROGRAM IS TO FUND MICROLOANS WITH INVESTMENT CAPITAL. CAPITAL WE HAVE INVESTED IN THE FIELD IS THE BEST REPRESENTATION OF OUR IMPACT YET THIS IS NOT ILLUSTRATED AS PROGRAM IMPACT IN THE FORM 990. DURING 2018 WE FUNDED $750,000 OF NEW MICRO LOANS IN GUATEMALA, THE PHILIPPINES AND AFGHANISTAN. THE STATEMENT OF FUNCTIONAL EXPENSES IN PART IX ALSO DOES NOT INCLUDE $179,294 OF IN-KIND EXPENSES, APPROXIMATELY 81% OF WHICH ARE PROGRAM RELATED. IF THESE ITEMS WERE INCLUDED IN THE STATEMENT OF FUNCTIONAL EXPENSES, TOTAL PROGRAM SERVICE EXPENSES WOULD BE SIGNIFICANTLY HIGHER. FORM 990, PART XI, LINE 9: ROUNDING 1. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. FORM 990, PART XI CAPITAL FRIENDS INTERNATIONAL, INC. IS THE SUPPORTING ORGANIZATION FOR CAPITAL SISTERS INTERNATIONAL, INC., AND ITS SOLE PURPOSE IS TO RAISE FUNDS FOR CAPITAL SISTERS. CAPITAL SISTERS CONTROLS CAPITAL FRIENDS AND AS SUCH IT NORMALLY REPORTS THE FINANCIAL ACCOUNTS OF THE TWO ORGANIZATIONS ON A CONSOLIDATED BASIS. AT THE END OF 2018 CAPITAL FRIENDS HAD $89,190 OF NET ASSETS. CAPITAL FRIENDS INTERNATIONAL INC 227 LAMB LN GOLDEN CO 80401 202224943 SUPPORT CAPITAL SISTERS INTERNATIONAL, INC. CO 501(C)(3) 11 - TYPE 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 CAPITAL FRIENDS INTERNATIONAL INC B 13000 CASH