2016-11-03T19:26:33-05:00 2015-12-31 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2015-01-01 133568629 FINANCIAL SERVICES VOLUNTEER CORPS INC FINA 2127711400 10 EAST 53RD STREET 36TH FLOOR NEW YORK NY 10022 JOHN D POMPAY CFO & COO 2127711400 2016-11-03 1 ERIC GOLDFARB P01277125 2128674000 2015 2017-02-10 21:41:12Z JOHN D POMPAY 10 EAST 53RD STREET 36TH FLOOR NEW YORK NY 10022 6479287 0 X WWW.FSVC.ORG X 1990 DE TO HELP BUILD SOUND BANKING AND FINANCIAL SYSTEMS IN TRANSITIONAL AND DEVELOPING COUNTRIES. 18 17 15 164 0 0 5288676 6212751 244795 225656 587 880 0 -5204 5534058 6434083 0 0 0 0 2726454 2530004 0 0 1486 2866662 2275275 5593116 4805279 -59058 1628804 1975409 3479866 1536074 1432641 439335 2047225 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 STAFFED BY FINANCIAL SECTOR PRACTITIONERS WHO SERVE AS UNPAID VOLUNTEERS. 0 0 1044456 FSVC HAS BEEN IMPLEMENTING PROJECTS IN EGYPT FOR OVER 13 YEARS. IN 2015, FSVC IMPLEMENTED 19 PROJECTS UNDER ITS U.S. DEPARTMENT OF STATE'S MIDDLE EAST PARTNERSHIP (MEPI)-FUNDED PROGRAM TO HELP INCREASE ACCESS TO FINANCE FOR MICRO, SMALL AND MEDIUM-SIZED ENTERPRISES (MSMES). THESE PROJECTS INCLUDED CONDUCTING CONSULTATIONS FOR A MICROFINANCE INSTITUTION ON HOW TO EXPAND ITS MICROFINANCE PRODUCTS, AND ENHANCE ITS RISK MANAGEMENT POLICIES AND PROCEDURES. FSVC ALSO HELPED TRAIN TRAINERS OF LOCAL BUSINESS ASSOCIATIONS ON HOW TO DELIVER TRAININGS TO THEIR MSME MEMBERS ON TOPICS SUCH AS RISK MANAGEMENT, FINANCIAL MANAGEMENT, RECORD KEEPING AND FINANCIAL NEGOTIATIONS. 886375 WITH FUNDING FROM THE UNITED STATES AGENCY FOR INTERNATIONAL DEVELOPMENT (USAID), VIA THE VOLUNTEERS FOR ECONOMIC GROWTH ALLIANCE (VEGA), FSVC IMPLEMENTED 9 PROJECTS IN 2015 UNDER ITS FINANCIAL SECTOR DEVELOPMENT PROGRAM IN ALBANIA. THIS PROGRAM AIMS TO PROMOTE FINANCIAL STABILITY IN ALBANIA AND STRENGTHEN ITS FINANCIAL SECTOR BY IMPROVING THE QUALITY AND CONSISTENCY OF FINANCIAL SECTOR REGULATIONS AND SUPERVISION. IT ALSO AIMS TO CREATE AN ENABLING ENVIRONMENT FOR MOBILE PAYMENT DEVELOPMENT TO INCREASE ACCESS TO FINANCIAL SERVICES FOR THE UNDER-BANKED. FSVC PROJECTS INCLUDED CONSULTATIONS WITH THE ALBANIAN FINANCIAL SUPERVISORY AUTHORITY (AFSA) ON HOW TO DRAFT AN ANTI-MONEY LAUNDERING MANUAL TO BE USED DURING ON-SITE EXAMINATIONS, AND HOW TO ENHANCE THE CROSS-BORDER SUPERVISION OF THE INSURANCE SECTOR. FSVC ALSO ASSISTED THE ALBANIAN POST OFFICE IN DRAFTING A MOBILE PAYMENTS E-WALLET SOLUTION, AND DEVELOP A BUSINESS PLAN WHICH WOULD ENABLE IT TO HOST A MOBILE PAYMENTS PLATFORM. 530947 WITH FUNDING FROM USAID, FSVC HAS BEEN IMPLEMENTING A PROGRAM OF TECHNICAL ASSISTANCE SINCE 2011 TO HELP STRENGTHEN REGIONAL FINANCIAL INTEGRATION ACROSS THE FIVE MEMBER STATES OF THE EAST AFRICAN COMMUNITY (EAC). THESE FIVE MEMBER STATES INCLUDE BURUNDI, KENYA, RWANDA, TANZANIA AND UGANDA. IN 2015, FSVC IMPLEMENTED 5 PROJECTS UNDER THIS PROGRAM, INCLUDING TRAINING BURUNDI'S PENSION SECTOR ON HOW TO DEVELOP A PENSION CERTIFICATION PROGRAM. FSVC ALSO CONDUCTED A WORKSHOP FOR KEY REPRESENTATIVES FROM THE INSURANCE MARKET IN BURUNDI TO HELP LOCAL INSURANCE COMPANIES SUCCEED IN CONDUCTING CROSS-BORDER OPERATIONS. FINALLY, FSVC CONDUCTED A REGIONAL TRAINING FOR REGULATORS FROM THE EAC MEMBER STATES ON HOW TO CONDUCT THE RISK-BASED SUPERVISION OF THE PENSION SECTOR. 1351808 225656 VARIOUS MISSIONS TO EUROPE, THE MIDDLE EAST AND ASIA TO BUILD THE FINANCIAL STRUCTURES NECESSARY FOR A SOUND BANKING SYSTEM. 1351808 225656 3813586 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 23 0 15 1 0 1 AL RS TS 0 0 0 1 1 0 0 0 0 X 18 17 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 CFO & COO 2127711400 10 EAST 53RD STREET 36TH FLOOR NEW YORK NY 10022 JOHN C WHITEHEAD CHAIRMAN (UNTIL FEB 2015) 1.00 X X 0 0 0 WILLIAM H DONALDSON DIRECTOR THEN CHAIRMAN (SINCE APR. 2015) 1.00 X X 0 0 0 JOHN L WALKER VICE CHAIRMAN (UNTIL APR. 2015) THEN DIRECTOR 1.00 X 0 0 0 JULIAN C SCHROEDERVICE CHAIR- MAN (SINCE APR. 2015) & TREASURER 1.00 X X 0 0 0 J ANDREW SPINDLER PRESIDENT/CEO/DIRECTOR 40.00 X X 448249 0 75633 STEPHEN H AXILROD DIRECTOR 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 KENNETH W DAM 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 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 JOHN D STEINBRUNER DIRECTOR (UNTIL APR. 2015) 1.00 X 0 0 0 JOHN L THORNTON DIRECTOR 1.00 X 0 0 0 JOSEF TOSOVSKY DIRECTOR 1.00 X 0 0 0 PAUL TUCKER DIRECTOR (SINCE OCT 2015) 1.00 X 0 0 0 CHARLES KILBOURNE SECRETARY OF THE BOARD 21.00 X 166500 0 0 JOHN D POMPAY CFO, COO & ASSIST. TREASURER 40.00 X 235108 0 51064 ANDREA PERRAUD DIRECTOR, GLOBAL PROGRAMS 40.00 X 114004 0 0 JOSEPH C WILLIAMS MANAGING DIRECTOR 40.00 X 127603 0 0 1091464 0 126697 5 0 1 0 COLD RIVER CONSULTING 6985 FOREPOND COURT FORT BELVIOR VA 22060 GRANT CONSULTING 166500 1 945850 4149951 1116950 6212751 FEES FOR SERVICE 541900 225656 225656 225656 880 880 40000 945850 45204 -5204 -5204 6434083 225656 0 -4324 976554 588543 388011 1201076 1004139 196937 27321 21442 5879 217634 171202 46432 107419 73291 34128 5794 5794 36897 36897 449479 333339 116140 81400 71000 9822 578 60402 50936 9466 584702 479521 105181 872835 848414 24421 74790 74790 32516 29576 2940 37749 33431 4318 38711 28168 9635 908 4805279 3813586 990207 1486 518249 822279 92174 1189432 664937 810552 30305 14926 79759 96638 306616 176554 162578 130062 427407 415977 1975409 3479866 148360 134967 8175 1800 1379539 1295874 1536074 1432641 X 267394 1603225 171941 444000 439335 2047225 1975409 3479866 X 1628804 -20914 X X 0 1 X 1 1 1 X 3646707 4276154 5119064 5288676 6212751 24543352 3646707 4276154 5119064 5288676 6212751 24543352 795092 23748260 1160 961 753 587 880 4341 24547693 1798892 0.96740 0.97190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1015000 1015000 1.00000 0 0 306616 176554 130062 130062 ACCRUED HEALTH AND PENSION 488729 DEFERRED RENT 807145 1295874 X 11957227 5523144 5523144 6434083 0 6434083 10349337 5523144 20914 5544058 4805279 0 4805279 PART V, LINE 4: TO SUPPORT THE EXPANSION OF FSVC'S WORK IN EMERGING MARKET ECONOMIES. 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, 2012 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SUBLEASE AGREEMENTS 20,914. EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES TECHNICAL ASSISTANCE 201218 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 1 3 PROGRAM SERVICES TECHNICAL ASSISTANCE 886375 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 2 5 PROGRAM SERVICES TECHNICAL ASSISTANCE 2395999 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 0 0 PROGRAM SERVICES TECHNICAL ASSISTANCE 4044 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 1 1 PROGRAM SERVICES TECHNICAL ASSISTANCE 1225320 4 9 0 0 4 9 4712956 0 4712956 0 0 0 0 0 0 25TH ANNIVERSARY DINNER 985850 945850 40000 19427 19427 4000 2350 985850 945850 40000 19427 19427 4000 2350 45204 -5204 X X X X 0 0 0 0 0 0 0 1 0 J ANDREW SPINDLER PRESIDENT/CEO/DIRECTOR 413497 0 34752 0 0 0 35000 0 40633 0 523882 0 0 0 CHARLES KILBOURNE SECRETARY OF THE BOARD 166500 0 0 0 0 0 0 0 0 0 166500 0 0 0 JOHN D POMPAY CFO, COO & ASSIST. TREASURER 216825 0 18283 0 0 0 10431 0 40633 0 286172 0 0 0 PART I, LINE 7 & PART II, COLUMN (B)(II): THE BOARD OF DIRECTORS AUTHORIZED A 6% BONUS FOR ALL US-BASED AND EXPAT EMPLOYEES, INCLUDING OFFICERS AND HIGHEST COMPENSATED EMPLOYEES. FOREIGN NATIONAL EMPLOYEES RECEIVED A 13TH MONTH BONUS. 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 11 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 AND VICE-CHAIRMAN, 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 2015. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON SUBLEASE AGREEMENTS -20,914. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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.