2018-07-03T12:06:33-05:00 2017-12-31 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2017-01-01 133568629 FINANCIAL SERVICES VOLUNTEER CORPS INC FINA 2127711400 10 EAST 53RD STREET 36TH FLOOR NEW YORK NY 10022 JOHN D POMPAY CFO, COO & ASSISTANT TREASURER 2127711400 2018-06-29 1 AARON SHAPIRO P01333816 2128674000 2017 2022-09-23 18:48:47Z JOHN D POMPAY 10 EAST 53RD STREET 36TH FLOOR NEW YORK NY 10022 4790389 0 X WWW.FSVC.ORG X 1990 DE TO HELP BUILD SOUND BANKING AND FINANCIAL SYSTEMS IN TRANSITIONAL AND DEVELOPING COUNTRIES. 14 13 13 162 0 0 4997697 4493709 148000 293153 2263 3527 0 0 5147960 4790389 0 0 0 0 2477230 2476789 0 0 48713 2589467 2749077 5066697 5225866 81263 -435477 3572986 3298112 1402085 1252512 2170901 2045600 X FINANCIAL SERVICES VOLUNTEER CORPS (FSVC) IS A NOT-FOR-PROFIT, PRIVATE-PUBLIC PARTNERSHIP WHOSE MISSION IS TO HELP BUILD SOUND BANKING AND FINANCIAL SYSTEMS IN TRANSITIONAL & DEVELOPING COUNTRIES. FSVC'S CORE WORK CONCENTRATES ON STRENGTHENING COMMERCIAL BANKING SYSTEMS, DEVELOPING CENTRAL BANKING CAPABILITIES, AND BUILDING CAPITAL MARKETS. MAJOR ADDITIONAL AREAS OF WORK INCLUDE THE LEGAL FRAMEWORK FOR THE FINANCIAL SYSTEM, PAYMENTS SYSTEMS DEVELOPMENT, PENSION REFORM AND THE COMBATING OF MONEY LAUNDERING AND FINANCIAL CORRUPTION. FSVC STRUCTURES PRACTICAL, RESULTS-ORIENTED TECHNICAL ASSISTANCE AND TRAINING. MISSIONS ARE STAFFED PRIMARILY BY VOLUNTEER EXPERTS AND, IN SELECT SITUATIONS, PAID CONSULTANTS. 0 0 1251075 STATE DEPTARTMENT 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. SPECIFICALLY, FSVC'S PROGRAM AIMS TO SUPPORT THE CENTRAL BANK OF 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 2017, FSVC COMPLETED SEVERAL PROJECTS, INCLUDING HELPING THE CBS IMPROVE ITS CAPACITY TO CONDUCT ANTI-MONEY LAUNDERING (AML) ON-SITE EXAMINATIONS OF MONEY TRANSFER BUSINESSES (MTBS) AS WELL AS SEVERAL TRAININGS FOR MTBS THEMSELVES IN HOW TO IMPROVE THEIR AML COMPLIANCE IN KEY AREAS SUCH AS KNOW-YOUR-CUSTOMER PROCEDURES AND IDENTIFYING SUSPICIOUS ACTIVITIES. 818763 USAID/VEGA PROGRAM IN MOLDOVA - WITH FUNDING FROM THE UNITED STATES AGENCY FOR INTERNATIONAL DEVELOPMENT (USAID), VIA THE VOLUNTEERS FOR ECONOMIC GROWTH ALLIANCE (VEGA), FSVC IMPLEMENTED 12 PROJECTS IN 2017 IN MOLDOVA FOR THE NATIONAL BANK OF MOLDOVA (NBM). THIS ASSISTANCE FOCUSED MAINLY ON HELPING THE NBM SET UP A SINGLE CENTRAL SECURITIES DEPOSITORY (CSD), INCLUDING HELPING THE NBM PROCURE AN IT SOFTWARE PLATFORM AND DEVELOP KEY POLICIES AND PROCEDURES FOR THE NEW CSD. OTHER PROJECTS INCLUDED ASSISTING THE NBM IN ASSESSING THE VIABILITY OF INTRODUCING CASHLESS AND MOBILE PAYMENTS IN MOLDOVA, AND STRENGTHENING THE CAPACITY OF THE NBM STAFF AND MANAGEMENT IN THE AREA OF CRISIS COMMUNICATION. 764040 STATE DEPARTMENT PROGRAM IN JORDAN/DUBAI - WITH FUNDING FROM THE U.S. DEPARTMENT OF STATE'S BUREAU OF COUNTERTERRORISM, FSVC HAS BEEN PROVIDING TECHNICAL ASSISTANCE TO STRENGTHEN THE CAPACITY OF REGULATORS, LAW ENFORCEMENT AND PROSECUTORS IN JORDAN AND DUBAI TO COMBAT MONEY LAUNDERING AND TERRORIST FINANCING. IN 2017, FSVC PROJECT ACTIVITIES INCLUDED HELPING JORDANIAN LAW ENFORCEMENT AND PROSECUTORS GATHER STRONGER AND MORE RELIABLE EVIDENCE AND TIMELINES TO BUILD TERRORISM-RELATED CASES, AND FACILITATE REAL-TIME COOPERATION AND EXCHANGE OF INFORMATION. IN DUBAI, FSVC HELPED LOCAL AUTHORITIES IDENTIFY SPECIFIC MONEY LAUNDERING AND TERRORIST FINANCING RISKS IN SEVERAL KEY SECTORS, AS PART OF THEIR NATIONAL RISK ASSESSMENT, AND IDENTIFY POTENTIAL MITIGATION STRATEGIES TO ADDRESS THESE RISKS. FSVC INVITED OVER 100 PRIVATE SECTOR REPRESENTATIVES FROM THE BANKING, SECURITIES, MONEY EXCHANGE AND DESIGNATED NON-FINANCIAL BUSINESSES AND PROFESSIONS (DNFBPS) SECTORS TO PARTICIPATE IN THIS PROCESS, AND DISCUSS ANTI-MONEY LAUNDERING/COMBATING THE FINANCING OF TERRORISM (AML/CFT) ISSUES WITH REGULATORS. 1392172 293153 VARIOUS MISSIONS TO EUROPE, AFRICA, THE MIDDLE EAST AND ASIA TO BUILD THE FINANCIAL STRUCTURES NECESSARY FOR A SOUND BANKING SYSTEM. 1392172 293153 4226050 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 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 0 0 0 0 0 1 16 0 13 1 0 1 AL TS JO 0 0 0 0 0 0 0 0 X 14 13 0 0 0 0 1 1 1 1 1 0 0 1 1 1 0 1 1 1 1 0 NY X JOHN D POMPAY 2127711400 10 EAST 53RD STREET 36TH FLOOR NEW YORK NY 10022 X WILLIAM H DONALDSON CHAIRMAN 1.00 X X 0 0 0 JULIAN C SCHROEDER VICE CHAIRMAN & TREASURER 1.00 X X 0 0 0 J ANDREW SPINDLER PRESIDENT & CEO 40.00 X X 441039 0 61402 STEPHEN H AXILROD DIRECTOR (RESIGNED OCT. 2017) 1.00 X 0 0 0 WILLIAM J BURNS DIRECTOR 1.00 X 0 0 0 ROBERT L CLARKE DIRECTOR 1.00 X 0 0 0 JILL M CONSIDINE DIRECTOR 1.00 X 0 0 0 JOHN L DOUGLAS DIRECTOR 1.00 X 0 0 0 RANDALL D GUYNN DIRECTOR 1.00 X 0 0 0 CARLA A HILLS DIRECTOR 1.00 X 0 0 0 ALLAN J HIRST DIRECTOR (RESIGNED OCT. 2017) 1.00 X 0 0 0 REUBEN JEFFERY III DIRECTOR 1.00 X 0 0 0 HENRY A KISSINGER DIRECTOR 1.00 X 0 0 0 RANDAL K QUARLES DIRECTOR (RESIGNED OCT. 2017) 1.00 X 0 0 0 JOHN L THORNTON DIRECTOR 1.00 X 0 0 0 PAUL TUCKER DIRECTOR 1.00 X 0 0 0 JOHN L WALKER DIRECTOR 1.00 X 0 0 0 CHARLES KILBOURNE - PROGRAM CONSULTANT & SECRETARY OF THE BOARD 21.00 X 159924 0 0 JOHN D POMPAY CFO, COO & ASSISTANT TREAS 40.00 X 231810 0 59836 ANDREA PERRAUD DIRECTOR, GLOBAL PROGRAMS 40.00 X 116929 0 33745 949702 0 154983 4 0 1 0 COLD RIVER CONSULTING 165 DAKETOWN RD GREENFIELD CENTER NY 12833 PROGRAM CONSULTANT 159924 MOHAMED ADAM DS28 INTERNATIONAL COMPOUND MOGADISHU AIRPORT MOGADISHU SO PROGRAM CONSULTANT 139742 JANUS GLOBAL OPERATIONS SAIF LOUNGE PO BOX SHARJAH AE SECURITY 123360 ATCP (ASSOCIATION TUNISIENNE DES CONTROL 11 AVENUE HABIB THAMEUR EME ETAGE TUNIS TS PROGRAM CONSULTANT 114995 JACKSON MADZIMA DS28 INTERNATIONAL COMPOUND MOGADISHU AIRPORT MOGADISHU SO PROGRAM CONSULTANT 113478 5 4200550 293159 4493709 FEES FOR SERVICE 541900 293153 293153 293153 3527 3527 4790389 293153 0 3527 X 954011 501856 452155 1086291 858750 201233 26308 26982 25510 865 607 312070 252101 54890 5079 97435 68903 27328 1204 13348 13348 39861 39861 943120 904703 37025 1392 80603 55282 20038 5283 56172 46286 9163 723 385043 305639 72844 6560 1066914 1041627 25287 66947 66947 32516 29277 2974 265 38815 35045 3460 310 25738 20776 3980 982 5225866 4226050 951103 48713 1113618 578875 1081525 1717062 690067 312516 12127 125041 108218 224452 177994 97547 46458 453061 534983 3572986 3298112 132209 204032 94972 235402 1174904 813078 1402085 1252512 X 1855691 2003609 315210 41991 2170901 2045600 3572986 3298112 X -435477 310176 X X 0 1 X 1 1 1 X 5119064 5288676 6212751 4997697 4493709 26111897 5119064 5288676 6212751 4997697 4493709 26111897 601302 25510595 753 587 880 2263 3527 8010 26119907 1221704 0.97670 0.97640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 224452 177994 46458 46458 ACCRUED HEALTH AND PENSION 584159 DEFERRED RENT 228919 813078 X 9043839 4253450 4253450 4790389 0 4790389 9479316 4253450 4253450 5225866 0 5225866 PART X, LINE 2: FSVC HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING DECEMBER 31, 2014 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES TECHNICAL ASSISTANCE 176619 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 1 2 PROGRAM SERVICES TECHNICAL ASSISTANCE 717381 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 2 4 PROGRAM SERVICES TECHNICAL ASSISTANCE 1780778 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 0 1 PROGRAM SERVICES TECHNICAL ASSISTANCE 868721 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 1 PROGRAM SERVICES TECHNICAL ASSISTANCE 1609637 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES TECHNICAL ASSISTANCE 1979 3 8 0 0 3 8 5155115 0 5155115 0 0 0 0 0 0 X X X X 0 0 0 0 0 0 0 1 0 J ANDREW SPINDLER PRESIDENT & CEO 428226 0 12813 0 0 0 11880 0 49522 0 502441 0 0 0 CHARLES KILBOURNE - PROGRAM CONSULTANT & SECRETARY OF THE BOARD 159924 0 0 0 0 0 0 0 0 0 159924 0 0 0 JOHN D POMPAY CFO, COO & ASSISTANT TREAS 224866 0 6944 0 0 0 10314 0 49522 0 291646 0 0 0 ANDREA PERRAUD DIRECTOR, GLOBAL PROGRAMS 113371 0 3558 0 0 0 5341 0 28404 0 150674 0 0 0 PART I, LINE 7 & PART II, COLUMN (B)(II): IN 2017 THE BOARD OF DIRECTORS AUTHORIZED A 3% 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 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 CORPORATION'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 MEMBER'S 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 THE MEMBERS ELECT ANNUALLY 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 15 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 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 2016. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VII, SECTION A AND PART IX, LINE 5: CHARLES KILBOURNE IS THE SECRETARY OF THE BOARD BUT IS NOT A VOTING MEMBER OF THE BOARD. HE RECEIVED COMPENSATION AS A CONSULTANT. HIS COMPENSATION IS INCLUDED IN COLUMN D OF PART VII, SECTION A, AND IS ALSO INCLUDED ON LINE 5 OF PART IX. HE WORKED 1 HOUR PER WEEK IN HIS CAPACITY AS SECRETARY AND 20 HOURS PER WEEK IN HIS CAPACITY AS CONSULTANT. FORM 990, PART IX, LINE 11G SECURITY: PROGRAM SERVICE EXPENSES 123,360. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 123,360. TRANSLATION SERVICES: PROGRAM SERVICE EXPENSES 94,479. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 94,479. PROGRAM CONSULTANTS: PROGRAM SERVICE EXPENSES 664,898. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 664,898. PAYROLL PROCESSING: PROGRAM SERVICE EXPENSES 21,966. MANAGEMENT AND GENERAL EXPENSES 9,946. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 31,912. OTHER CONSULTANTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 27,079. FUNDRAISING EXPENSES 1,392. TOTAL EXPENSES 28,471. FORM 990, PART XI, LINE 9: LOSS ON SUBLEASE AGREEMENTS -3,748. GAIN ON ADJUSTMENT OF DEFERRED RENT 332,497. LOSS ON DISPOSAL OF LEASEHOLD IMPROVEMENTS -18,573. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.