2017-10-13T20:30:03-05:00 2017-06-30 202153727 SB & Company LLC 200 International Circle Suite 5500 Hunt Valley MD 21030 990 2016-07-01 541940918 Five Talents- USA FIVE 7032426016 PO Box 331 Vienna VA 22183 Jim Oakes Chairman of the Board 7032426016 2017-10-13 1 Pamela Gray P01237506 4105840060 2017-10-11 74.106.255.11 2017-10-13 20:25:27 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A64316C887BAD1FA0ED2A5517F0565D43309871F 2016 2021-01-29 14:40:06Z X Jim Oakes PO Box 331 Vienna VA 22183 720671 0 X www.fivetalents.org X 1999 VA To fight poverty, create jobs and transform lives by empowering the poor in developing countries using innovative savings and microcredit programs, business training and spiritual development. 12 12 10 25 0 0 722027 716163 0 0 3751 3375 24953 1133 750731 720671 281617 247934 0 0 390558 379755 0 0 152719 151570 119424 823745 747113 -73014 -26442 275123 314381 73596 134815 201527 179566 Five Talents' mission is to fight poverty, create jobs and transform lives by empowering the poor in developing countries using innovative savings and microcredit programs, business training and spiritual development. 0 0 236189 234994 Program Funding: To provide funding and technical assistance for microenterprise and savings led organizations in developing countries that are approved partners with Five Talents. This includes loan capital and funds for staff and trainers. Biblically based business training is provided to every entrepreneur via our indigenous partners, including our financial literacy program. Our investment has resulted in an increase in outreach by 4,000 members and impacting 550,000 direct and indirect beneficiaries through programs delivered by our indigenous partner organizations. 303944 12940 Program Monitoring and Evaluation: To assist program partners with capacity building using evaluation, oversight and assistance for microenterprise and savings led organizations in developing countries that are approved partners with Five Talents or are seeking approval as a partner with Five Talents. This is accomplished using program visits, web and in-person partner conferences, best practices training related to performance management, financial reporting, impact evaluation, spiritual development, church partnerships and risk assessments. This includes training and travel for Five Talents staff to lead and instruct overseas conferences and workshops 540133 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 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 14 0 1 10 1 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 0 1 1 0 VA X X The Organization 7032426016 PO Box 331 Vienna VA 22183 Mr Jim Oakes Chairman of the Board 40.00 X X 0 0 0 Ms Kimberly McClure Pacala Vice Chair 4.00 X X 0 0 0 Mr Hooks Johnston Treasurer 4.00 X X 0 0 0 Rev Jeffrey MacKnight Secretary 2.00 X X 0 0 0 Mr John Beyer Director 1.00 X 0 0 0 Mr Paul Collins Director 1.00 X 0 0 0 Aimee Davis Director 1.00 X 0 0 0 Rev Corky Eddins Director 1.00 X 0 0 0 Mr William Eggbeer Director 1.00 X 0 0 0 Mr Arthur Medici Director 1.00 X 0 0 0 Mr Steve Tees Director 1.00 X 0 0 0 Dr April Young Director 1.00 X 0 0 0 Sonia Patterson President/ CEO - Until 12/31/16 40.00 X 102460 0 0 102460 0 0 1 0 0 0 0 716163 716163 3375 3375 1133 0 1133 1133 1133 720671 0 0 4508 247934 247934 102405 59924 11114 31367 216701 126805 23520 66376 7695 4503 835 2357 26000 15214 2822 7964 26954 15773 2925 8256 672 393 73 206 9178 5371 996 2811 11165 6533 1212 3420 28178 16489 3057 8632 33642 19686 3651 10305 7501 4389 815 2297 7688 4498 835 2355 2053 1202 222 629 2052 1201 222 629 6380 3733 693 1954 Bank and credit card fe 5494 3214 597 1683 Provision for uncollect 3500 2112 434 954 Miscellaneous 1921 1159 238 524 747113 540133 54261 152719 74106 115085 127645 120351 56301 70888 10418 3456 54245 49644 6653 4601 275123 314381 53596 94815 20000 40000 73596 134815 X 138196 75836 63331 103730 201527 179566 275123 314381 -26442 4481 0 X X 0 1 X 1 0 X 831896 887383 907270 722027 716163 4064739 831896 887383 907270 722027 716163 4064739 127951 154090 122528 145270 130994 680833 0 127951 154090 122528 145270 130994 680833 3383906 256 252 158 17347 4508 22521 256 252 158 17347 4508 22521 832152 887635 907428 739374 720671 4087260 0.82790 0.84740 0.00550 0.00430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 54245 49644 4601 4601 Line of Credit 40000 40000 X 790511 4481 65359 69840 720671 0 720671 812472 65359 65359 747113 0 747113 Part X, Line 2: Five Talents is a not-for-profit organization exempt from Federal income tax other than net unrelated business income tax under Section 501(c)(3) of the Internal Revenue Code and is recognized as such by the Internal Revenue Service. The provisions included in accounting principles generally accepted in the United States of America provide consistent guidance for the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribe a threshold of "more likely than not" for recognition of tax positions taken or expected to be taken in a tax return. Five Talents performed an evaluation of uncertain tax positions as of June 30, 2017, and determined that there were no matters that would require recognition in the financial statements or, which may have any effect on its tax-exempt status. As of June 30, 2017, the statute of limitations for fiscal years 2014 through 2017 remains open with the U.S. Federal jurisdiction or the various states and local jurisdictions in which Five Talents files tax returns. It is Five Talents' policy to recognize interest and/or penalties related to uncertain tax positions, if any, in income tax expense. 0 E. Asia & Pacific Program Services loan funding & operations; technical assistance & oversight; Monitoring, evaluation, training 83488 South America Program Services loan funding & operations 15000 Sub-Saharan Africa Program Services Community bank, training & operations; Financial literacy training & operations; Monitoring, evaluation, training 149446 0 0 0 0 0 0 247934 0 247934 E. Asia & Pacific loan capital & local work 5050 Bank Wire E. Asia & Pacific loan funding & operations 37500 Bank Wire E. Asia & Pacific technical assistance & program oversight 8798 Bank Wire E. Asia & Pacific loan funding & operations 27700 Bank Wire South America program operations 15000 Bank Wire Sub-Saharan Africa loan funding & operations 35000 Bank Wire Sub-Saharan Africa financial literacy training 27800 Bank Wire 0 0 0 0 0 0 Part I, Line 2: Five Talents requires a signed Memorandum of Understanding from all organizations detailing the purpose of any funding received. Five Talents requires quarterly financial reporting from all organizations who receive funding and Five Talents requires an annual audit by an independent accountant. Five Talents uses outside consultants to provide technical assistance and program oversight to recipient organizations. The organizations are visited annually by Five Talents staff members. X 5 31699 FMV X Food supplies 1 260 FMV 0 1 0 Form 990, Part VI, Section B, line 11b The form 990 is reviewed by the President and Audit and Finance committee prior to filing. Form 990, Part VI, Section B, line 12c The organization requires officers must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she 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 reviews and approves 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. Form 990, Part XII, Line 2c: The process has not changed from prior year.