2019-10-24T07:33:41-05:00 2018-12-31 BKD LLP 655 Third Avenue 1200 New York NY 10017 990 2018-01-01 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 2019-11-15 true Aaron Shapiro P01333816 2128674000 167.68.126.162 26511920192975000000 2019-10-24 P 89205EC730D9E2CDB33E7921E4EB252967AD29DB 0951E2A8C0832E29A3033740454C77259380F658 2018 2019-02-21 02:37:17Z JOHN D POMPAY 10 EAST 53RD STREET 36TH FL NEW YORK NY 10022 5902249 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. 17 16 12 144 0 13404 4493709 5584064 293153 345163 3527 -26978 0 0 4790389 5902249 0 495736 0 0 2476789 2482376 0 0 61018 2749077 2908800 5225866 5886912 -435477 15337 3298112 3123872 1252512 1092679 2045600 2031193 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 1230497 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 2018, FSVC COMPLETED FOUR LONG-TERM AND SHORT-TERM PROJECTS, INCLUDING HELPING CBS TO IMPROVE ITS CAPACITY TO CONDUCT ANTI-MONEYLAUNDERING (AML) ON-SITE EXAMINATIONS OF MONEY TRANSFER BUSINESSES (MTB S) AS WELL AS SEVERAL TRAININGS FOR MTB S THEMSELVES IN HOW TOIMPROVE THEIR AML COMPLIANCE IN KEY AREAS SUCH AS KNOW-YOUR-CUSTOMER PROCEDURES AND IDENTIFYING SUSPICIOUS ACTIVITIES 1223848 State Department program in MOLDOVA: WITH FUNDING FROM THE UNITED STATES AGENCY FOR INTERNATIONA DEVELOPMENT (USAID), FSVC IMPLEMENTED 16 PROJECTS IN 2018 IN MOLDOVA FOR THE NATIONAL BANK OF MOLDOVA (NBM), THE MINISTRY OF FINANCE AND LOCAL CIVIL SOCIETY ORGANIZATIONS (CSOS). THIS ASSISTANCE FOCUSED MAINLY ON HELPING THE NBM TO SET UP A SINGLE SECURITIES DEPOSITORY (CSD), INCLUDING HELPING THE NBM TO DEVELOP KEY POLICIES AND PROCEDURES FOR THE NEW CSD. OTHER PROJECTS INCLUDED ASSISTING THE MINISTRY OF FINANCE IN DEVELOPING A WEB-PORTAL TO DISPLAY BUDGET-RELATED DATA; AND WORKING WITH LOCAL CSO S ON HOW TO DESIGN AND LAUNCH A PUBLIC COMMUNICATIONS CAMPAIGN ON BUDGET TRANSPARENCY. IN 2018, FSVC VOLUNTEER EXPERTS DONATED A TOTAL OF 2,395 HOURS TO MOLDOVA PROGRAM. 591627 State Department program in TUNISIA 413: WITH FUNDING FROM THE U.S. DEPARTMENT OF STATE'S MIDDLE EAST PARTNERSHIP INITIATIVE, FSVC HAS BEEN IMPLEMENTING A PROGRAM OF TECHNICAL ASSISTANCE IN TUNISIA SINCE 2015 FOCUSED ON 1) INCREASING THE EFFECTIVENESS AND ACCOUNTABILITY OF THE GOVERNMENT OF TUNISIA IN IMPLEMENTING OPEN GOVERNMENT POLICIES, AND 2) STRENGTHEN THE CAPACITY OF CIVIL SOCIETY ORGANIZATIONS (CSOS) TO ADVOCATE EFFECTIVELY FOR OPEN GOVERNMENT POLICIES. IN 2018, FSVC AND ITS LOCAL PARTNER ATCP COMPLETED 22 PROJECTS, INCLUDING HELPINGMUNICIPALITIES 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 2018, FSVCVOLUNTEER EXPERTS DONATED A TOTAL OF 761 HOURS TO THE TUNISIA PROGRAM. 1736457 345163 THE OTHER FSVC'S PROGRAMS INCLUDED THE FOLLOWING COUNTRIES: ANGOLA, ESWATINI, BANGLADESH, Albania MOROCCO AND TUNISIA. 1736457 345163 4782429 true true false false false false false false false true true false false false 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 8 0 12 true false true AL TS JO false false false false false false false false X 17 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 William H Donaldson Chairman 1.0 0.0 X X 0 0 0 Julian C Schroeder Vice Chairman & Treasurer 1.0 0.0 X X 0 0 0 J Andrew Spindler President & CEO 40.0 0.0 X X 465434 0 67237 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 JOHN D POMPAY CHIEF FINANCIAL & OPERATING OF 40.0 0.0 X 252358 0 69431 CHARLES E KILBOURNE CONSULTANT & SECRETARY OF THE 21.0 0.0 X 169315 0 0 ANDREA PERRAUD MANAGING DIRECTOR 40.0 0.0 X 139813 0 40853 1026920 0 177521 4 false true false COLD RIVER CONSULTING LLC 165 DAKETOWN RD GREENFIELD CENTER NY 12833 MANAGING/OVERSEE PR 169315 MOHAMED ADAM INTERNATIONAL COMPOUN MOGADISHU AIRPORT MOGADISHU 0 AE CONSULT/TRAINING 235567 JACKSON MADZIMA INTERNATIONAL COMP DS28 International Compound Mogadishu Airport MOGADISHU SO CONSULT/TRAINING 196337 ARALIYA MANAGEMENT CONSULTING DS28 International Compound BUCHAREST 0 RO CONSULTING 136903 JANUS SERVICES CO 11 Avenue Habib Thameur TUNIS 0 TS PERSONNEL SECURITY 113050 5 4780897 803167 5584064 FEES FOR SERVICE 541900 345163 345163 345163 -26978 -26978 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5902249 345163 -26978 0 0 495736 495736 0 1001672 543876 457796 0 1057575 844154 193460 19961 31466 23470 7007 989 297736 203846 86472 7418 93927 58230 34002 1695 0 1946 1151 795 42700 3700 39000 0 0 0 1100460 1046088 52225 2147 65816 49025 10276 6515 74439 59628 14318 493 0 0 362004 253615 103472 4917 1107794 1076848 30946 0 63655 48190 15465 0 0 23229 19538 3515 176 37988 33493 4283 212 OTHER 28769 21841 5898 1030 5886912 4782429 1043465 61018 578875 371048 1717062 542803 312516 419401 0 0 0 0 0 0 0 0 0 0 108218 85130 224452 201223 46458 23229 534983 1682261 0 0 0 0 0 0 0 0 3298112 3123872 204032 264935 0 0 235402 143641 0 0 0 0 0 0 0 0 0 0 813078 684103 1252512 1092679 X 2003609 1841003 41991 190190 0 0 2045600 2031193 3298112 3123872 X 15337 -29744 X false true X true true true X 5228676 6212751 4997697 4493709 5584064 26516897 0 0 5228676 6212751 4997697 4493709 5584064 26516897 370217 26146680 587 880 2263 3527 7257 0 0 26524154 1256767 0.98577 0.97670 X 1392178 18576 1410754 1389098 3080 1392178 1015000 372272 1826 1389098 1015000 1015000 1.00000 false false 224452 201223 23229 23229 0 accrued health and pension 543766 deferred rent 140337 684103 10573249 4671000 4671000 5902249 5902249 10557912 4671000 4671000 5886912 5886912 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 SOUTH ASIA PROGRAM SERVICES TECHNICAL ASSISTANCE 2635 EUROPE (INCLUDING ICELAND AND GREENLAND) 1 2 PROGRAM SERVICES TECHNICAL ASSISTANCE 552774 MIDDLE EAST AND NORTH AFRICA 1 3 PROGRAM SERVICES TECHNICAL ASSISTANCE 1717794 RUSSIA AND THE NEWLY INDEPENDENT STATES 1 1 PROGRAM SERVICES TECHNICAL ASSISTANCE 1379111 CENTRAL AMERICA AND THE CARIBBEAN 1 PROGRAM SERVICES TECHNICAL ASSISTANCE 56015 EAST ASIA AND THE PACIFIC PROGRAM SERVICES TECHNICAL ASSISTANCE 96328 SUB-SAHARAN AFRICA 1 PROGRAM SERVICES TECHNICAL ASSISTANCE 1915138 3 8 3 8 5719795 5719795 Europe (Including Iceland and Greenland) Program Services Technical Assistance 137400 wire transfe Middle East and North Africa Program Services Technical Assistance 171797 wire transfe Middle East and North Africa Program Services Technical Assistance 144915 wire transfe Middle East and North Africa Program Services Technical Assistance 41624 wire transfe 4 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 & COO. AT FSVC, THE CFO & 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 & CEO 443330 22104 12100 55137 532671 JOHN D POMPAY CHIEF FINANCIAL & OPERATING OF 240016 0 12342 0 0 0 11219 0 58212 0 321789 0 ANDREA PERRAUD MANAGING DIRECTOR 132938 0 6875 0 0 0 6179 0 34674 0 180666 0 CHARLES E KILBOURNE CONSULTANT & SECRETARY OF THE 169315 0 0 0 0 0 0 0 0 0 169315 0 PART I, LINE 7 & PART II, COLUMN (B)(II): IN 2018 THE BOARD OF DIRECTORS AUTHORIZED A 5% BONUS FOR ALL US-BASED EMPLOYEES AND EXPAT EMPLOYEES, AND A 1-MONTH SALARY (13TH MONTH) BONUS FOR FSVCS FOREIGN STAFF, INCLUDING OFFICERS AND HIGHEST COMPENSATED EMPLOYEES. FORM 990, PART III, LINE 2 IN 2018, WITH SUPPORT FROM THE U. S. DEPARTMENT OF STATE'S MIDDLE EAST PARTNERSHIP INITIATIVE (MEPI) AND THE U. S. EMBASSY IN TUNIS, FSVC HAS BEEN IMPLEMENTING A PROGRAM THAT ADDRESSES THE URGENT NEED TO INCREASE ACCESS TO NON-BANK FINANCE FOR SME S (E.G., LEASING, VENTURE CAPITAL, FACTORING). ALSO IN 2018, WITH SUPPORT FROM U.S. DEPARTMENT OF STATE'S MIDDLE EAST PARTNERSHIP INITIATIVE (MEPI), FSVC AND ITS LOCAL PARTNER, THE ALGERIAN STARTUP INITIATIVE, LAUNCHED "DJAZAIR UP" AN INNOVATIVE PROGRAM HELPING STARTUPS IN ALGERIA TO MOVE TO THEIR INTERMEDIATE STAGE OF DEVELOPMENT BY INCREASING THEIR ACCESS TO NEW DOMESTIC AND INTERNATIONAL MARKETS. 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 MEMBERS SUCCESSOR OR UNTIL SUCH MEMBERS 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 15 THE COMPENSATION COMMITTEE OF FSVCS BOARD OF DIRECTORS, COMPRISED OF THE CHAIRMAN (MR. DONALDSON), AND VICE-CHAIRMAN (MR. SCHROEDER), REVIEWS AND APPROVES SALARY INCREASES FOR THE CEO AND ALL OFFICERS. IN ADDITION, FSVC ALSO REFERS TO VARIOUS INDUSTRY SALARY SURVEYS AND 990S OF OTHER ORGANIZATIONS AS COMPARABLES. THIS PROCESS WAS LAST DONE IN 2018. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: Loss on sublease agreements ($29,744) FORM 990 PART IX LINE 11G DESCRIPTION:PROGRAM CONSULTANTS TOTAL FEES:706649 FORM 990 PART IX LINE 11G DESCRIPTION:SERVICE VENDORS TOTAL FEES:161047 FORM 990 PART IX LINE 11G DESCRIPTION:TRANSLATION FEES TOTAL FEES:84273 FORM 990 PART IX LINE 11G DESCRIPTION:SECURITY TOTAL FEES:113050 FORM 990 PART IX LINE 11G DESCRIPTION:OTHER TOTAL FEES:35441