2015-11-11T18:26:17-06:00 2014-12-31 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2014-01-01 133568629 FINANCIAL SERVICES VOLUNTEER CORPS INC FINA 2127711400 10 EAST 53RD STREET 36TH FLOOR NEW YORK NY 10022 JOHN D POMPAY CFO & COO 2127711400 2015-11-02 1 AARON SHAPIRO P01333816 2128674000 2014 2016-04-25 22:37:26Z JOHN D POMPAY 10 EAST 53RD STREET 36TH FLOOR NEW YORK NY 10022 5534058 0 X WWW.FSVC.ORG X 1990 DE TO HELP BUILD SOUND BANKING AND FINANCIAL SYSTEMS IN TRANSITIONAL AND DEVELOPING COUNTRIES. 19 18 13 199 0 0 5119064 5288676 310100 244795 753 587 0 0 5429917 5534058 0 0 0 0 2447187 2726454 0 0 1463 2759401 2866662 5206588 5593116 223329 -59058 2116836 1975409 1562358 1536074 554478 439335 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 833187 FSVC HAS BEEN IMPLEMENTING PROJECTS IN EGYPT FOR OVER A DECADE. IN 2014, FSVC IMPLEMENTED 14 PROJECTS UNDER ITS U.S. DEPARTMENT OF STATE'S MIDDLE EAST PARTNERSHIP (MEPI)-FUNDED PROGRAM TO HELP INCREASE ACCESS TO FINANCE FOR ENTREPRENEURS AND SMALL AND MEDIUM-SIZED ENTERPRISES (SMES). THESE PROJECTS INCLUDED CONDUCTING A TRAINING ON VENTURE CAPITAL FUNDING FOR THE EGYPTIAN SOCIAL FUND FOR DEVELOPMENT, AND TRAINING SME LENDING STAFF AT THE NATIONAL BANK OF EGYPT ON HOW TO EVALUATE THE SME MARKET REQUIREMENTS AND DEVELOP A STRATEGY TO ADDRESS THEM. 827862 WITH FUNDING FROM THE UNITED STATES AGENCY FOR INTERNATIONAL DEVELOPMENT (USAID), VIA THE VOLUNTEERS FOR ECONOMIC GROWTH ALLIANCE (VEGA), FSVC IMPLEMENTED 20 PROJECTS IN 2014 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 BANK OF ALBANIA ON ANTI-MONEY LAUNDERING REQUIREMENTS FOR MOBILE PAYMENTS, AND CONDUCTING AN EXPERT REVIEW FOR THE BANK OF ALBANIA OF THE LEGAL AND REGULATORY FRAMEWORK OF SAVINGS AND CREDIT ASSOCIATIONS. 795744 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 2014, FSVC IMPLEMENTED 10 PROJECTS UNDER THIS PROGRAM, INCLUDING FACILITATING A TRAINING ON INTERNATIONAL PENSION STANDARDS, A WORKSHOP ON HOW TO PROMOTE CROSS-BORDER INSURANCE OPERATIONS, AND BUILDING THE CAPACITY OF INSURANCE REGULATORS IN IMPLEMENTING A RISK-BASED APPROACH TO SUPERVISION. 2129161 244795 VARIOUS MISSIONS TO EUROPE, THE MIDDLE EAST AND ASIA TO BUILD THE FINANCIAL STRUCTURES NECESSARY FOR A SOUND BANKING SYSTEM. 2129161 244795 4585954 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 15 0 13 1 0 1 AL RS TS 0 0 0 0 0 0 0 0 X 19 18 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 J ANDREW SPINDLER PRESIDENT & CEO/BOARD MEMBER 40.00 X X 627578 0 70570 JOHN WHITEHEAD BOARD CHAIRMAN 1.00 X X 0 0 0 JOHN L WALKER VICE CHAIRMAN 1.00 X X 0 0 0 JULIAN C SCHROEDER TREASURER 1.00 X X 0 0 0 PAUL A VOLCKER HONORARY CHAIRMAN 1.00 X 0 0 0 STEPHEN H AXILROD BOARD MEMBER 1.00 X 0 0 0 ROBERT L CLARKE BOARD MEMBER 1.00 X 0 0 0 JILL M CONSIDINE BOARD MEMBER 1.00 X 0 0 0 KENNETH W DAM BOARD MEMBER 1.00 X 0 0 0 WILLIAM H DONALDSON BOARD MEMBER 1.00 X 0 0 0 JOHN L DOUGLAS BOARD MEMBER 1.00 X 0 0 0 RANDALL D GUYNN BOARD MEMBER 1.00 X 0 0 0 CARLA A HILLS BOARD MEMBER 1.00 X 0 0 0 ALLAN J HIRST BOARD MEMBER 1.00 X 0 0 0 REUBEN JEFFERY III BOARD MEMBER 1.00 X 0 0 0 HENRY A KISSINGER BOARD MEMBER 1.00 X 0 0 0 JOHN D STEINBRUNER BOARD MEMBER 1.00 X 0 0 0 JOHN L THORNTON BOARD MEMBER 1.00 X 0 0 0 JOSEF TOSOVSKY BOARD MEMBER 1.00 X 0 0 0 JOHN D POMPAY CFO & COO 40.00 X 221100 0 45953 CHARLES KILBOURNE SECRETARY OF THE BOARD 21.00 X 144500 0 0 JOSEPH C WILLIAMS MANAGING DIRECTOR 40.00 X 174163 0 7698 1167341 0 124221 4 0 1 0 COLD RIVER CONSULTING 6985 FOREPOND COURT FORT BELVIOR VA 22060 GRANT CONSULTING 144500 1 5049273 239403 5288676 FEES FOR SERVICE 541900 244795 244795 244795 587 587 5534058 244795 0 587 X 1291562 914951 376611 911168 707875 203293 221888 165282 56606 204228 173429 30799 97608 71953 25655 15219 14571 648 43278 7078 36200 666035 542350 123685 86534 74148 11901 485 59982 52165 7817 550312 465996 84316 1236208 1200420 35788 93660 93660 2188 2188 32515 29749 2766 35033 30498 4535 45698 39641 5079 978 5593116 4585954 1005699 1463 492150 518249 168171 92174 796155 664937 9793 30305 43446 79759 306616 144038 195093 162578 412028 427407 2116836 1975409 165289 148360 47370 8175 1349699 1379539 1562358 1536074 X 131478 267394 423000 171941 554478 439335 2116836 1975409 X -59058 -56085 X X 0 1 X 1 1 1 X 4993104 3646707 4276154 5119064 5288676 23323705 4993104 3646707 4276154 5119064 5288676 23323705 649800 22673905 2836 1160 961 753 587 6297 23330002 1037691 0.97190 0.95940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 306616 144038 162578 162578 ACCRUED HEALTH AND PENSION 500996 DEFERRED RENT 878543 1379539 X 12788184 7254126 7254126 5534058 0 5534058 12903327 7254126 56085 7310211 5593116 0 5593116 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, 2011 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SUBLEASE AGREEMENTS 56,085. EAST ASIA AND THE PACIFIC PROGRAM SERVICES TECHNICAL ASSISTANCE 299725 EUROPE (INCLUDING ICELAND & GREENLAND) 1 1 PROGRAM SERVICES TECHNICAL ASSISTANCE 827862 MIDDLE EAST AND NORTH AFRICA 1 5 PROGRAM SERVICES TECHNICAL ASSISTANCE 2867464 RUSSIA AND NEIGHBORING STATES PROGRAM SERVICES TECHNICAL ASSISTANCE 50550 SUB-SAHARAN AFRICA PROGRAM SERVICES TECHNICAL ASSISTANCE 1489456 2 6 0 0 2 6 5535057 0 5535057 0 0 0 0 0 0 X X X X 0 1 0 0 0 0 0 1 0 J ANDREW SPINDLER PRESIDENT & CEO/BOARD MEMBER 402235 0 20627 0 204716 0 34500 0 36070 0 698148 0 0 0 JOHN D POMPAY CFO & COO 210031 0 11069 0 0 0 9883 0 36070 0 267053 0 0 0 JOSEPH C WILLIAMS MANAGING DIRECTOR 164926 0 9237 0 0 0 7698 0 0 0 181861 0 0 0 PART I, LINE 4B J. ANDREW SPINDLER - $200,380 REPRESENTS A PAYMENT TO THE CEO FOR HIS DEFINED CONTRIBUTION RETIREMENT PLAN. THIS PLAN BENEFIT, WHICH IS BASED ON A 20-YEAR CAREER WITH FSVC, WAS DISTRIBUTED TO MR. SPINDLER OVER A 5-YEAR PERIOD (2010-2014). PART II, COLUMN B (III) ADDS $4,336 FOR THE CEO'S LIFE INSURANCE. PART I, LINE 7 & PART II, COLUMN (B)(II): THE BOARD OF DIRECTORS AUTHORIZED A 5% 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 990'S OF OTHER ORGANIZATIONS AS COMPARABLES. THIS PROCESS WAS LAST DONE IN 2014. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G PAYROLL PROCESSING: PROGRAM SERVICE EXPENSES 23,960. MANAGEMENT AND GENERAL EXPENSES 11,688. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 35,648. TRANSLATION FEES: PROGRAM SERVICE EXPENSES 126,377. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 126,377. TRAVEL SERVICE: PROGRAM SERVICE EXPENSES 70,763. MANAGEMENT AND GENERAL EXPENSES 15,162. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 85,925. IT CONSULTANTS: PROGRAM SERVICE EXPENSES 47,996. MANAGEMENT AND GENERAL EXPENSES 10,284. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 58,280. PROGRAM ACTIVITIES CONSULTANTS: PROGRAM SERVICE EXPENSES 124,789. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 124,789. ADMINISTRATIVE CONSULTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 86,551. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 86,551. PROGRAM ACTIVITIES CONSULTANTS: PROGRAM SERVICE EXPENSES 148,465. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 148,465. FORM 990, PART XI, LINE 9: LOSS ON SUBLEASE AGREEMENTS -56,085. 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.