2016-11-10T12:42:40-06:00 2015-12-31 203992693 RANDY WALKER & CO 7800 IH 10 West San Antonio TX 78230 990 2015-01-01 412046295 THE CITIZENS FOUNDATION USA CITI 8887293022 2425 TOUHY AVENUE ELK GROVE VILLAGE IL 60007 ARIF GAFUR CEO 8887293022 2016-11-10 1 Randy L Walker CPA P00963779 2103669430 2015 2017-02-10 21:41:12Z FARAZ KHAN 2425 TOUHY AVENUE ELK GROVE VILLAGE IL 60007 7078331 0 X www.tcfusa.org X 2002 IL TCF, USA PROVIDES QUALITY EDUCATION FOR UNDER PRIVILEGED CHILDREN IN PAKISTAN. THE GOAL IS TO BUILD CIVIL SOCIETY AND PROMOTE EQUALITY. 11 10 6 150 0 0 7271228 6688670 0 0 17989 9054 30529 17185 7319746 6714909 6328811 6444519 0 0 227396 260431 0 0 141875 299903 498217 6856110 7203167 463636 -488258 4531976 4114469 43718 8454 4488258 4106015 X TCF-USA provides quality education for underprivileged children in Pakistan, the goal is to build civil society and promote gender equality. An all-female faculty encourages parents to enroll their girls, while simultaneously creating employment opportunities as teachers and principals for thousands of women. TCF graduates are provided support for college and vocational training. 0 0 2463653 2428145 CAMPUS CONSTRUCTION:TCF-USA built 18 new primary and secondary schools in 2015 and helped create educational opportunities for underprivileged children in the poorest regions of Pakistan. Each of these schools have a capacity of 180 students. Since inception in 2002, TCF-USA has built a total of 187 schools. These schools are located in all four provinces of Pakistan. A complete list of TCF-USA built schools is available on our website www.tcfusa.org. TCF-USA encourages supporters to visit a school to observe children at work, benefitting from the generous gift of education from donors. 2705572 2667042 ANNUAL OPERATING EXPENSES OF SCHOOLS: Contributions from TCF-USA donors has made it possible for over 40,000 children to attend school for the 2015 annual year. It also helped us provide free uniforms and textbooks to the children. In addition, the operational expenses of running the school efficiently with a principal, trained teachers, and admin staff was covered by the support. Raising operational expenses for schools is critical as it helps provide a safe and secure environment conducive to learning and growth for children who are vulnerable. 1363901 1344472 ENDOWMENTS FOR FUTURE OPERATION OF SCHOOLS: TCF-USA supports the educational programs of TCF-Pakistan, a charity which has won international acclaim for Building, running and educating 175,000 children to become agents of positive change. In 2015, TCF achieved its landmark goal of 1,060th school. To ensure the future of these schools is critical to our mission and with the help of donors, TCF-USA has started a Lifetime Support Endowment program. In 2015, 7 TCF schools were endowed by US donors. 5230 4860 Higher Education Scholarships:In this program, scholarships ($4,860) to TCF school graduates to support their college education. 5230 4860 6538356 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 6 1 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 IL NJ X X X UNEZA AKHTAR 8887293022 2425 TOUHY AVENUE ELK GROVE VILLAGE IL 60007 Zarrar Sehgal PRESIDENT 1.00 X X 0 0 0 Faraz Khan TREASURER 2.00 X X 0 0 0 Barbara Janes SECRETARY 1.00 X X 0 0 0 Jawaid Ekram DIRECTOR 2.00 X 0 0 0 Alia Faiz DIRECTOR 1.00 X 0 0 0 Arif Gafur DIRECTOR - 01/01 - 04/01 1.00 X 0 0 0 Arif Gafur CEO - 04/01 - 12/31 40.00 X X 0 0 0 Abdullah Jafari DIRECTOR 15.00 X 0 0 0 Azher Khan DIRECTOR 1.00 X 0 0 0 Tariq Khan DIRECTOR 1.00 X 0 0 0 Haji Mody DIRECTOR 2.00 X 0 0 0 Danial Noorani DIRECTOR - 01/01 - 03/31 40.00 X 94308 0 0 94308 0 0 0 0 0 0 0 1681767 5006903 15869 6688670 9054 9054 363422 1681767 363422 0 OTHER INCOME 900099 17185 17185 17185 6714909 0 0 26239 6444519 6444519 94308 31122 56585 6601 145940 48159 87565 10216 20183 6660 12110 1413 25707 25707 60710 55710 5000 13264 9150 4114 17822 17822 5058 2022 1518 1518 24341 4866 17853 1622 22627 1008 21283 336 874 874 3066 3066 UNCOLLECTABLE EXPENSE 200738 200738 MARKETING - GALA 50034 50034 CONTRIBUTIONS PROCESSIN 47609 47609 PRINTING, POSTAGE AND D 26367 12955 13412 7203167 6538356 522936 141875 3442594 3043519 0 56619 18266 16189 378 2077 956142 887725 132862 124529 4531976 4114469 43718 8454 43718 8454 X 966832 3386270 2441263 644745 1080163 75000 4488258 4106015 4531976 4114469 X -488258 1790 104225 X X 0 1 X 1 0 X 3489775 4864066 5406195 7271228 6688670 27719934 3489775 4864066 5406195 7271228 6688670 27719934 27719934 24972 22952 14541 17989 9054 89508 2318 17185 19503 27828945 0.99610 0.99280 X Schedule A, Part II, Line 10, Explanation of Other Income: OTHER INCOME - 2011 Amount: $ 0. 2012 Amount: $ 0. 2013 Amount: $ 0. 2014 Amount: $ 2,318. 2015 Amount: $ 17,185. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1088370 12413 10844 99373 1012254 1050846 8207 29317 1088370 1114584 96666 160404 1050846 1109155 5429 1114584 1118393 -9238 1109155 0.92590 0.07410 0.00000 1 0 16466 14389 2077 1800 1800 0 2077 6752699 1790 36000 37790 6714909 0 6714909 7239167 36000 36000 7203167 0 7203167 Part V, Line 4: Investment and Spending Policy. The Organization has adopted investment policies, approved by the Board of Directors and Investment Committee, for endowment assets. The organization will invest only in low-risk, conservative investment vehicles in order to maintain the purchasing power of current assets and future contributions in relation to cost increases and inflation and maximize return within reasonable and prudent levels of risk. Investment assets are invested in a well-diversified asset mix, which includes equity and debt securities that are managed by the Organization's Investment Committee to prevent exposing the fund to unacceptable levels of risk. With regards to returns on endowments, the Organization has adopted a spending policy which will apply to all endowed funds unless a particular donor has otherwise stipulated spending restrictions. The organization will not spend returns from the endowment if it falls below the original endowment amount. Management, with approval from the Investment Committee, has discretion over how and whether or not surplus returns are used. 1 South Asia 1 1 PROGRAM SERVICES BUILDING & OPERATING; SCHOOLS (KG-10); ENDOWMENTS, SCHOLARSHIP & GRANTS 6444519 1 1 0 0 1 1 6444519 0 6444519 South Asia SCHOOL CONSTRUCTION 2428145 WIRE TRANSFER South Asia SCHOOL OPERATION 2667042 WIRE TRANSFER South Asia SCHOOL ENDOWMENT 1344472 WIRE TRANSFER 1 0 0 0 0 0 0 Part I, Line 2: The Citizens Foundation, USA (TCF-USA) maintains a high level of transparency in all its financial and governance dealings and adheres to a strict "Due Diligence" process. To address the US government's concern regarding enhanced scrutiny for funds that go outside the U.S., all recipients of TCF-USA funds have been selected based on the secular and scientific education they are providing to needy children in South Asia. TCF,USA takes the following steps for due dIligence: - Complete background check for the grantee organization's board and staff members using OFAC list. This check is made prior to granting any funds. - ObtainS an equivalency affidavit from the foreign charity showing that it's equivalent to a US charity. - For project-related grants, obtain a detailed proposal with timelines and periodic updates until completion. - ObtainS audited Annual Reports. All TCF schools are internally audited at least once each year and TCF accounts are audited by Chartered Accounting firms of international repute. - ObtainS By-Laws AND Articles of Incorporation OF GRANTEE ORGANIZATION. - Submission of acceptance and signed agreement as part of the Grant Letter by the Chief Executive Officer of the Grantee organization complying with terms regarding purpose, publicity, reporting, accounts, prohibited activities, oversight and compliance. SPECIAL EVENTS 2045189 1681767 363422 363422 2045189 1681767 363422 363422 363422 0 Form 990, Part VI, Section A, line 6 The Board shall by majority vote designate a Governance & Nominating Committee of three or more members, comprising of at least two Directors of the Board. A member of the Board, whose term of membership is expiring and who is eligible for re-election, shall not be appointed to the Governance & Nominating Committee. The Governance & Nominating Committee shall submit a slate of candidates to the Board for acceptance at a regular meeting of the Board. Form 990, Part VI, Section A, line 7a The Citizens Foundation, USA has an independent Board of Governing Body, See 990 Part V. The Board elects one or more other qualified members from various sources. All decisions of the governing body are subject to approval by the majority of votes of the members in the board meetings. Form 990, Part VI, Section A, line 7b THE CITIZENS FOUNDATION, USA HAS AN INDEPENDENT BOARD OF GOVERNING BODY, SEE 990 PART V. THE BOARD ELECTS ONE OR MORE OTHER QUALIFIED MEMBERS FROM VARIOUS SOURCES. ALL DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE MAJORITY OF VOTES OF THE MEMBERS IN THE BOARD MEETINGS. Form 990, Part VI, Section B, line 11 THE CEO FIRST REVIEWS FORM 990 CAREFULLY. NEXT, IT IS PASSED OUT TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL BEFORE IT IS FILED Form 990, Part VI, Section B, line 12c The Citizens Foundation has incorporated its Conflict of Interest Policy in Article 9 of its Bylaws. The CEO monitors the compliance and enforcement of the policy by Key Employees, and the Board President monitors and enforces compliance by the directors, in accordance with the Bylaws. Form 990, Part VI, Section B, line 15 THE CITIZENS FOUNDATION, USA [TCF-USA] BOARD REVIEWS AND APPROVES THE COMPENSATION FOR THEIR CEO AND OTHER KEY EMPLOYEES. THEY USE COMPARABLE DATA OF THE COMPENSATION RECEIVED BY OTHER SIMILARILY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARILY SITUATED ORGANIZATIONS. THEY ALSO KEEP CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO DELIBERATIONS REGARDING THE COMPENSATION ARRANGEMENTS. Form 990, Part VI, Section C, line 19 THE CITIZENS FOUNDATION, USA [TCF-USA] MAKES AVAILABLE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AT ITS CORPORATE OFFICE. Form 990, Part XI, line 9: CHANGE IN ACCOUNTING PRINCIPLE AND RECLASSIFICATION OF NET ASSETS 104,225. FORM 990, PART XII, LINE 2C THE CITIZENS FOUNDATION, USA'S FINANCE COMMITTEE REVIEWED 3 PROPOSALS BY AUDITORS, AND SELECTED RICHARD BENNOCH & WALKER. PAGE 12, PART XI, LINE 9 - CHANGE IN NET ASSETS During the year ended December 31, 2015, the Organization changed their accounting policy to recognize pledges receivable. In addition, certain permanently restricted net assets were reclassed to board-designated endowment. The Organization restated the beginning net assets by increasing pledge receivables and unrestricted net assets by $104,225; and decreasing permanently restricted net assets and increasing unrestricted net assets board-designated endowment by $1,005,163. The adjustment had no effect on the current years change in net assets. SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION THE CITIZENS FOUNDATION, USA 2425 TOUHY AVENUE ELK GROVE VILLAGE, IL 60007 EMPLOYER IDENTIFICATION NUMBER: 41-2046295 FOR THE YEAR ENDING DECEMBER 31, 2015 THE CITIZENS FOUNDATION, USA IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263 A)-1(F).