2016-08-09T14:29:32-05:00 2015-09-30 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2014-10-01 453686069 IRC'S CENTER FOR ECONOMIC OPPORTUNITY INC IRCS 2125513000 122 EAST 42ND STREET 14TH FLOOR NEW YORK NY 10168 JENNIFER SIME TREASURER 2125513000 2016-08-09 1 GARRETT M HIGGINS P00543209 2122862600 2016-08-08 2014 2016-12-15 16:53:06Z GEORGE BIDDLE 122 EAST 42ND STREET 14TH FLOOR NEW YORK NY 10168 332351 0 X N/A X 2011 NY TO PROVIDE SMALL BUSINESS LOANS AND MICROFINANCING TO VICTIMS OF OPPRESSION AND PERSECUTION WITHOUT REGARD TO THE RACE, NATIONALITY OR RELIGION OF THE BENEFICIARIES; TO RECEIVE, MANAGE, SELL, EXCHANGE, INVEST AND REINVEST THE FUNDS TRANSFERRED TO THE CORPORATION, AND TO APPLY THE INCOME AND PRINCIPAL TO THE ESTABLISHMENT AND SUPPORT OF CHARITABLE AND EDUCATIONAL ACTIVITIES. 4 1 0 1 0 0 0 275000 0 57351 0 0 0 0 0 332351 0 0 0 0 0 0 0 0 0 0 85451 0 85451 0 246900 54926 306826 0 5000 54926 301826 X TO PROVIDE SMALL BUSINESS LOANS AND MICROFINANCING TO VICTIMS OF OPPRESSION AND PERSECUTION WITHOUT REGARD TO THE RACE, NATIONALITY OR RELIGION OF THE BENEFICIARIES; TO RECEIVE, MANAGE, SELL, EXCHANGE, INVEST AND REINVEST THE FUNDS TRANSFERRED TO THE CORPORATION, AND TO APPLY THE INCOME AND PRINCIPAL TO THE ESTABLISHMENT AND SUPPORT OF CHARITABLE AND EDUCATIONAL ACTIVITIES. 0 0 70227 57351 THE ORGANIZATION ESTABLISHED PROCEDURES AND APPLIED FOR GRANT FUNDING TO CREATE THE INFRASTRUCTURE TO IMPLEMENT A BUSINESS AND CONSUMER FINANCING PROGRAM. THIS FINANCING PROGRAM WILL CONSTRUCT TRADITIONAL SMALL BUSINESS LOANS AND MICROENTERPRISE LOANS TO ASSIST LOW-INCOME IMMIGRANTS AND REFUGEE ENTREPRENEURS IN ACCESSING NEEDED CAPITAL TO START UP OR EXPAND SMALL BUSINESS. FINANCING PRODUCTS THAT WILL BE OFFERED INCLUDE LOANS FOR DEBT CONSOLIDATION, CREDIT REPAIR, AUTO FINANCING, CONSUMER PERSONAL, EMERGENCY CASH FLOW NEEDS, CREDIT-BUILDING AND IMMIGRATION FEES. IN FY15, THE ORGANIZATION STARTED DIRECT LENDING ACTIVITIES IN PHOENIX, AZ AND HAS BECOME REGISTERED IN CA AND UT IN ANTICIPATION OF LAUNCHING LOAN PROGRAMS IN THESE STATES IN FY16. 70227 1 1 0 0 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 4 0 0 0 0 0 0 0 0 0 0 0 0 X 4 1 1 1 1 0 1 1 1 1 1 0 0 1 0 0 1 0 0 0 NY CA X X JENNIFER SIME TREASURER 2125513000 122 EAST 42ND STREET 14TH FL NEW YORK NY 101681289 GEORGE BIDDLE CHAIRMAN & PRESIDENT 0.50 1.00 X X 0 0 0 JENNIFER SIME DIRECTOR & TREASURER 0.50 37.00 X X 0 197637 30236 RADHA RAJKOTIA DIRECTOR & SECRETARY 0.50 37.00 X X 0 129085 38285 HANS VAN DE WEERD DIRECTOR 0.50 37.00 X 0 128480 10453 0 455202 78974 0 0 1 0 0 275000 275000 LOAN ASSISTANCE 522291 55070 55070 LOAN INTEREST INCOME 522291 2281 2281 57351 332351 57351 0 0 X 52374 52374 13954 13954 15213 15213 1270 1270 2640 2640 85451 70227 15224 0 54926 241538 65288 54926 306826 0 5000 0 5000 X 54926 301826 54926 301826 54926 306826 246900 0 X 0 0 0 X 95000 275000 370000 95000 275000 370000 370000 370000 57351 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 PROGRAM-RELATED LOANS RECEIVABLE 65288 C 65288 0 0 0 0 0 0 0 0 0 JENNIFER SIME DIRECTOR & TREASURER 0 197637 0 0 0 0 0 20752 0 9484 0 227873 0 0 RADHA RAJKOTIA DIRECTOR & SECRETARY 0 129085 0 0 0 0 0 10972 0 27313 0 167370 0 0 FORM 990, PART VI, SECTION A, LINE 2 JENNIFER SIME AND HANS VANDEWEERD HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 3 MANAGEMENT SERVICES ARE PROVIDED BY INTERNATIONAL RESCUE COMMITTEE (IRC). NONE OF THE OFFICERS OR DIRECTORS WERE COMPENSATED BY IRC FOR MANAGEMENT SERVICES IN 2015. FORM 990, PART VI, SECTION A, LINE 4 IN A BOARD RESOLUTION THAT WAS PASSED AND MADE RETROACTIVELY EFFECTIVE TO SEPTEMBER 1ST, 2015, INTERNATIONAL RESCUE COMMITTEE, INC. IS NO LONGER THE "SOLE MEMBER." TWO OTHER INDIVIDUALS WERE ADDED AS "MEMBERS" OF IRC'S CENTER FOR ECONOMIC OPPORTUNITY, INC. FORM 990, PART VI, SECTION A, LINE 6 EFFECTIVE SEPTEMBER 1ST, 2015, IRC'S CENTER FOR ECONOMIC OPPORTUNITY, INC. SHALL HAVE THREE MEMBERS: GEORGE BIDDLE, SEAN CARPENTER, AND INTERNATIONAL RESCUE COMMITTEE, INC. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS SHALL HAVE FULL VOTING RIGHTS AND SUCH OTHER RIGHTS AS ARE GRANTED TO MEMBERS UNDER THE NEW YORK NOT-FOR-PROFIT CORPORATION LAW. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS MAY RECEIVE REPORTS ON THE ACTIVITIES OF THE CORPORATION, INCLUDING THE ANNUAL FINANCIAL REPORT PREPARED AND PRESENTED IN ACCORDANCE WITH SECTION 13 OF ARTICLE II, AND DETERMINE THE DIRECTION OF THE CORPORATION FOR THE COMING YEAR AT ITS ANNUAL MEETING. SPECIAL MEETINGS OF THE MEMBERS, FOR ANY PURPOSE OR PURPOSES, MAY BE CALLED AT ANY TIME BY THE CHAIRMAN OF THE BOARD OF DIRECTORS OR THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 IRC'S CENTER FOR ECONOMIC OPPORTUNITY, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD FOR REVIEW AND APPROVAL. ONCE THE BOARD HAS APPROVED THE RETURN IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINES 12 AND 13: IRC'S CENTER FOR ECONOMIC OPPORTUNITY, INC. ADOPTED INTERNATIONAL RESCUE COMMITTEE (IRC)'S CONFLICT OF INTEREST POLICY, WHISTLEBLOWER PROTECTION POLICY AND STAFF CODE OF CONDUCT POLICY IN A BOARD RESOLUTION HELD AT THE ANNUAL MEETING OF THE BOARD OF DIRECTORS ON MAY 16TH, 2016. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANT SERVICES: PROGRAM SERVICE EXPENSES 15,213. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,213. INTERNATIONAL RESCUE COMMITTEE 122 EAST 42ND STREET 12TH FL NEW YORK NY 10168 135660870 HUMANITARIAN AID NY 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0