2019-11-05T08:42:45-06:00 2018-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2018-01-01 421767047 CENTER FOR ENTREPRENEURSHIP INC CENT 2022274000 C/O 1899 L STREET NW NO 850 WASHINGTON DC 20036 JEAN GILBERT CHIEF FINANCIAL OFFICER 2022274000 2019-11-05 1 FRANK H SMITH P00639053 2022274000 2019-11-05 47.19.127.190 2019-11-05 08:42:41 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 D0A660CE6712EE0CCB975CEA23282D1665B78CA0 2018 2020-01-14 16:20:31Z VICTOR SEDOV C/O 1899 L STREET NW NO 850 WASHINGTON DC 20036 2878566 0 X X 2008 DE CFE IS ONE OF THE LEADING FORCES FOR DEVELOPING ENTREPRENEURSHIP IN RUSSIA. 10 7 0 8 0 0 2850000 2850000 21866 28566 0 0 0 0 2871866 2878566 0 0 0 0 1585839 1561478 0 0 101246 1384711 970725 2970550 2532203 -98684 346363 581495 1047372 305572 425086 275923 622286 X CFE'S MISSION IS TO PROMOTE ECONOMIC DEVELOPMENT IN RUSSIA THROUGH ENTREPRENEURSHIP SPECIFICALLY, THE ORGANIZATION AIMS TO 1) TRAIN RUSSIAN ENTREPRENEURS TO ASSIST THEM IN DEVELOPING GROWING, HIGH PERFORMING ORGANIZATIONS, 2) PROMOTE ENTREPRENEURSHIP AS A POSITIVE FORCE FOR ECONOMIC VITALITY AND SOCIAL ADVANCEMENT, 3) ADVOCATE FOR POLICIES THAT FACILITATE THE ENTREPRENEURSHIP PROCESS, 4) ENCOURAGE OTHERS TO SUPPORT ENTREPRENEURSHIP, AND 5) ADVANCE ENTREPRENEURSHIP EDUCATION FOR YOUTH AND YOUNG ADULTS THROUGH THESE ACTIVITIES, THE ORGANIZATION AIMS TO BOLSTER THE ECONOMIC DEVELOPMENT OF RUSSIA. 0 0 1713426 28566 CENTER FOR ENTREPRENEURSHIP (CFE) OFFERS CUSTOMIZED WORLDWIDE "BEST PRACTICE" PROGRAMS THAT IMPROVE AN ENTREPRENEUR'S FUNCTIONAL BUSINESS KNOWLEDGE AND DEVELOP SKILLS IMPORTANT FOR COMPANY SUCCESS IN AREAS SUCH AS ENTREPRENEURIAL MARKETING AND BUSINESS PLANNING. IN ADDITION, CFE'S PROGRAMS HELP ENTREPRENEURS OVERCOME ENVIRONMENTAL CHALLENGES THAT HINDER COMPANY GROWTH, SUCH AS PROTECTING INTELLECTUAL PROPERTY, UTILIZING THE LEGAL SYSTEM, AND APPROACHING CAPITAL PROVIDERS. CFE UTILIZES A ROBUST DELIVERY METHODOLOGY, INCLUDING FOCUSED COURSES, WORKSHOPS, PEER LEARNING EVENTS, AND NETWORKING OPPORTUNITIES. THESE PROGRAMS FOSTER NOT ONLY ENTREPRENEUR-TO-ENTREPRENEUR, BUT ALSO MENTOR-TO-ENTREPRENEUR, ENTREPRENEUR-TO-INVESTOR, AND ENTREPRENEUR-TO-POLICYMAKER LEARNING. BY BRINGING TOGETHER ALL OF THE PLAYERS THAT INFLUENCE ENTREPRENEURIAL SUCCESS, CFE OFFERS UNIQUE, INTEGRATED AND EXPERIENTIAL LEARNING PROGRAMS. FOR MORE INFORMATION ON CFE'S VARIED PROGRAM SERVICE OFFERINGS, PLEASE REFER TO CFE'S WEBSITE, WWW.CFE.RU. 1713426 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 5 0 1 0 0 1 RS 0 0 0 0 0 0 0 0 0 0 X 10 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X JEAN GILBERT 2022274000 C/O 1899 L STREET NW NO 850 WASHINGTON DC 20036 VICTOR SEDOV EXECUTIVE DIRECTOR 40.00 X X 296075 0 0 PETER CHAROW CHAIRMAN 40.00 X X 75000 0 0 ANNA BELOVA DEPUTY CHAIRMAN 40.00 X X 28666 0 0 KAREN HORN DIRECTOR 1.00 X 0 0 0 MARINA MALYKHINA DIRECTOR 1.00 X 0 0 0 JONATHAN ORTMANS DIRECTOR 1.00 X 0 0 0 STEVEN PEASE DIRECTOR 1.00 X 0 0 0 CHARLIE RYAN DIRECTOR 1.00 X 0 0 0 SERGEY VYKHODSTEV DIRECTOR 1.00 X 0 0 0 NATALIA ZOLOTYKH DIRECTOR 1.00 X 0 0 0 ERIC HANSEN VICE PRESIDENT 40.00 X 303105 0 0 JEAN GILBERT CHIEF FINANCIAL OFFICER 40.00 X 0 0 0 702846 0 0 2 0 1 1 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 ACCOUNTING SERVICES 134110 1 2850000 2850000 SEMINAR FEES 900099 28566 28566 28566 2878566 28566 0 0 702846 520107 140569 42170 506963 305209 177020 24734 131452 89675 34508 7269 220217 150229 57810 12178 30669 13445 16134 1090 9361 9361 107817 107817 26648 26648 57263 41838 12181 3244 102103 77682 18635 5786 149522 64026 81995 3501 316460 310458 6002 26535 26535 TAXES 98395 98395 CURRENCY TRANSLATION 20617 20617 MISCELLANEOUS 13506 6961 5981 564 EMPLOYEE DEVELOPMENT 11829 8753 2366 710 2532203 1713426 717531 101246 453540 969027 1659 6937 79888 37737 153272 148053 11208 5219 35200 28452 581495 1047372 305572 425086 305572 425086 X 141473 170039 134450 452247 275923 622286 581495 1047372 346363 0 X 0 0 0 X 1218208 1917630 2890000 2850000 2850000 11725838 1218208 1917630 2890000 2850000 2850000 11725838 11725838 195 304 499 11726337 391102 1.00000 1.00000 X 5130 5130 0 109324 104105 5219 38818 38818 0 5219 X 2878566 0 2878566 0 2878566 2532203 0 2532203 0 2532203 PART X, LINE 2: FOR THE YEAR ENDED DECEMBER 31, 2018, THE COMPANY HAS DOCUMENTED ITS CONSIDERATIONS OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR THE REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. RUSSIA AND NEIGHBORING STATES 3 15 PROGRAM SERVICES EDUCATION/TRAINING 1945561 3 15 0 0 3 15 1945561 0 1945561 0 0 0 0 0 0 X 1 1 X X X X 1 0 0 0 0 0 0 0 0 VICTOR SEDOV EXECUTIVE DIRECTOR 271347 0 0 0 24728 0 0 0 0 0 296075 0 0 0 ERIC HANSEN VICE PRESIDENT 267360 0 0 0 35745 0 0 0 0 0 303105 0 0 0 PART I, LINE 1A CFE'S PRIMARY EXEMPT MISSION IS TO SUPPORT ENTREPRENEURSHIP IN RUSSIA. BY NECESSITY, THIS REQUIRES DIRECTORS TO TRAVEL BETWEEN EUROPE AND THE UNITED STATES AT VARIOUS TIMES THROUGHOUT THE YEAR. DUE TO THE LENGTH AND FREQUENCY OF TRAVEL, CFE PERMITS ITS DIRECTORS TO FLY BUSINESS CLASS WHEN NECESSARY OR REQUESTED. PART I, LINE 4A VICTOR SEDOV, EXECUTIVE DIRECTOR, AND ERIC HANSEN, VICE PRESIDENT, RECEIVED SEVERENCE FOR THE YEAR ENDING DECEMBER 31, 2018. PART VII, LINE 5 JEAN GILBERT, CHIEF FINANCIAL OFFICER OF CFE, IS COMPENSATED BY MARCUM LLP, AN UNRELATED ORGANIZATION FOR SERVICES RENDERED TO CFE. FORM 990, PART VI, SECTION A, LINE 6 DELAWARE NONSTOCK CORPORATIONS HAVE MEMBERS, AND CFE'S MEMBERS ELECT DIRECTORS AND HAVE CERTAIN RIGHTS AS MEMBERS AS PROVIDED BY DELAWARE LAW. IN ACCORDANCE WITH CFE'S CERTIFICATE OF INCORPORATION AND BYLAWS, CFE'S MEMBERSHIP IS COMPRISED OF CFE'S BOARD OF DIRECTORS. WHILE MEMBERSHIPS ARE CURRENTLY LIMITED TO CFE'S BOARD OF DIRECTORS, IN THE FUTURE, CFE MAY ELECT INDIVIDUALS TO THE BOARD WHO ARE NOT, LIKEWISE, MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A INDIVIDUALS SITTING ON THE BOARD OF DIRECTORS ARE ELECTED BY THE ORGANIZATION'S CURRENT MEMBERS. DIRECTORS HOLD OFFICE FOR THREE YEARS OR UNTIL THEIR RESIGNATION OR REMOVAL BY A MAJORITY VOTE OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS ELECT THE DIRECTORS AND HAVE CERTAIN OTHER AUTHORITY UNDER DELAWARE LAW. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO EACH MEMBER OF THE CFE BOARD OF DIRECTORS PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE (IN EITHER AN ELECTRONIC OR PAPER FORMAT). EACH BOARD MEMBER IS ASKED TO REVIEW AND SEND BACK ANY COMMENTS. THE AUDIT COMMITTEE REVIEWS A DRAFT OF THE FORM 990. ANY SUGGESTED CHANGES ARE DISCUSSED AND CONSIDERED AND THE AUDIT COMMITTEE GIVES THE AUDIT COMMITTEE CHAIRPERSON AUTHORIZATION TO ACCEPT THE FINAL VERSION. EACH BOARD MEMBER RECEIVES A FINAL VERSION OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C EACH COVERED PERSON COMPLETES A QUESTIONNAIRE CONCERNING CONFLICTS OF INTEREST EACH YEAR OF HIS OR HER AFFILIATION WITH CFE. THIS QUESTIONNAIRE DISCLOSES ANY ACTUAL, POTENTIAL, OR APPARENT CONFLICTS, AND AFFIRMS THAT THEY HAVE READ, UNDERSTAND, AND HAVE AND WILL CONTINUE TO ADHERE TO THE CONFLICT POLICY. COVERED PERSONS ALSO SUBMIT A NEW QUESTIONNAIRE DISCLOSING ANY RELEVANT CHANGE IN CIRCUMSTANCES. THE QUESTIONNAIRES ARE REVIEWED BY THE AUDIT COMMITTEE. THE AUDIT COMMITTEE EVALUATES CONFLICT DISCLOSURES AND MAKES NECESSARY INQUIRIES TO DETERMINE THE EXTENT AND NATURE OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST, INVESTIGATES ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT, AND IF APPROPRIATE, REFERS THE MATTERS TO THE BOARD. AFTER DISCLOSURE OF THE POTENTIALLY CONFLICTING INTEREST AND ALL MATERIAL FACTS, AND AFTER ANSWERING ANY QUESTIONS, THE INTERESTED PERSON RECUSES HIMSELF OR HERSELF FROM DELIBERATIONS AND VOTING RELATING TO THE MATTER AND REFRAINS FROM ATTEMPTING TO INFLUENCE OTHER DECISION-MAKERS RELATING TO THE MATTER. HOWEVER, AS A MEMBER OF THE BOARD, AN INTERESTED DIRECTOR MAY BE COUNTED IN DETERMINING THE ESTABLISHMENT OF THE QUORUM AT A MEETING RELATING TO THE MATTER. THE MINUTES OF THE BOARD OF ANY COMMITTEE MEETING DURING WHICH A POTENTIAL OR ACTUAL CONFLICT OF INTEREST IS DISCLOSED OR DISCUSSED REFLECTS THE NAME OF THE INTERESTED COVERED PERSON. THE NATURE OF THE CONFLICT, AND DETAILS OF THE DELIBERATIONS OF THE DISINTERESTED DIRECTORS (SUCH AS DOCUMENTS REVIEWED, ALTERNATES CONSIDERED, COMPARATIVE COSTS OR BIDS, MARKET VALUE INFORMATION AND OTHER FACTORS THAT THEY CONSIDERED IN DELIBERATIONS) AND THE RESOLUTION OF THE CONFLICT INCLUDING ANY ONGOING PROCEDURES TO MANAGE ANY TRANSACTION OR ARRANGEMENT THAT WAS APPROVED. THE INTERESTED PERSON IS THEN INFORMED OF THE FINAL DECISION AND NOT OF PARTICULAR DIRECTORS' POSITION. IN ADDITION, CERTAIN RELATED PARTY TRANSACTIONS ARE DISCLOSED IN THE NOTES TO CFE'S AUDITED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 15 CFE UNDERTAKES A RIGOROUS PROCESS TO ENSURE THAT THE EXECUTIVE COMPENSATION IT PAYS TO ITS TOP MANAGEMENT OFFICIALS AND ALL OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION IS REASONABLE. IN RELEVANT PART, THE BOARD OF DIRECTORS HAS ESTABLISHED A COMPENSATION COMMITTEE COMPRISED OF INDEPENDENT PERSONS THAT HAVE NO PERSONAL INTEREST IN THE PROPOSED COMPENSATION ARRANGEMENT. THE CFE COMPENSATION COMMITTEE APPROVES THE COMPENSATION, WITHOUT INPUT OR VOTING PARTICIPATION BY THE PERSON WHOSE COMPENSATION IS BEING APPROVED OR BY ANY OTHER INDIVIDUAL WITH A CONFLICT OF INTEREST. THE CFE COMPENSATION COMMITTEE MAY OBTAIN APPROPRIATE DATA FOR COMPARABILITY OF COMPENSATION. THIS INCLUDES COMPENSATION PAID BY SIMILAR ORGANIZATIONS (TAXABLE AND EXEMPT), REVIEWING COMPENSATION SURVEYS, REVIEWING ACTUAL WRITTEN OFFERS FROM SIMILAR ORGANIZATIONS COMPETING FOR THE EXECUTIVE'S SERVICES, AND OTHER OBJECTIVE EXTERNAL DATA WHICH ESTABLISHES COMPARABLE VALUES FOR EXECUTIVE COMPENSATION. THE COMMITTEE DOCUMENTS THE BASIS FOR ITS DETERMINATION CONCURRENT WITH THEIR DETERMINATION. THE FINAL DETERMINATION IS DOCUMENTED IN COMMITTEE MINUTES. THOSE MINUTES CONTAIN THE TERMS OF THE PROPOSED COMPENSATION AND THE DECISION OF THOSE INDIVIDUALS WHO VOTED ON THE COMPENSATION. THE LAST COMPENSATION SURVEY WAS CONDUCTED IN CALENDAR YEAR 2015. FORM 990, PART VI, SECTION C, LINE 19 CFE MAKES ITS FORM 990 AND FORM 1023 AVAILABLE TO THE PUBLIC BY RETAINING A COPY OF EACH AT THE ADDRESS LISTED ON PAGE 1 OF THIS RETURN. COPIES ARE AVAILABLE UPON REQUEST. CFE'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE ALSO AVAILABLE UPON REQUEST. CENTER FOR ENTREPRENEURSHIP LLC PARUS BUSINESS CENTER 5TH FLOOR 23 MOSCOW RS EDUCATION RS 1928566 409639 CENTER FOR ENTREPRENEURSHIP INC