2012-11-15T09:18:45-06:00 2011-12-31 362658780 MUELLER & CO LLP 1707 N RANDALL RD STE 200 ELGIN IL 60123 990 2011-01-01 203006098 THE FINANCIAL INNOVATIONS CENTER INC FINA 3128815856 20 NORTH CLARK NO 1950 CHICAGO IL 60602 CAROL BROWN 3128815856 2012-11-09 1 JAMES J HARE P01295827 8478888600 2011 2016-02-24 21:20:13Z CENTER FOR FINANCIAL SERVICES INNOVATIONS KIMBERLY GARTNER 20 NORTH CLARK NO 1950 CHICAGO IL 60602 4118731 0 X HTTP://CFSINNOVATION.COM/ X 2005 IL TRANSFORM FINANCIAL SERVICES MARKET TO HELP UNDERBANKED CONSUMERS ACHIEVE FINANCIAL PROSPERITY. 11 10 32 0 0 0 3310000 2563000 952517 1490581 12378 11138 -7413 54012 4267482 4118731 0 1500000 0 0 1578193 2178361 0 0 134622 1233585 1506674 2811778 5185035 1455704 -1066304 4259250 4231093 704365 1894331 3554885 2336762 X CFSI'S MISSION IS TO TRANSFORM THE U.S. FINANCIAL SERVICES MARKETPLACE TO HELP UNDERBANKED CONSUMERS ACHIEVE FINANCIAL PROSPERITY. CFSI'S MISSION IS TO FACILITATE THE DEVELOPMENT, MARKETING, AND DISTRIBUTION OF INNOVATIVE FINANCIAL PRODUCTS AND SERVICES FOR UNDERBANKED CONSUMERS. TO DO THIS WE WORK WITH BANKS, CREDIT UNIONS, COMPANIES, PROVIDERS, NONPROFITS, GOVERNMENTS - LARGE OR SMALL, ESTABLISHED OR NEW, LOCAL OR NATIONAL. WE BELIEVE THAT MARKET AND MISSION OBJECTIVES CAN WORK TOGETHER TO TRANSFORM THE FINANCIAL SERVICES LANDSCAPE AND ENSURE UNDERBANKED CONSUMERS CAN BE SELF-SUFFICIENT AND TO ACHIEVE PROSPERITY. 0 0 4032963 1500000 1544593 PROVIDES FUNDING FOR INNOVATIVE SOLUTIONS, A MEETING PLACE FOR INTERESTED PARTIES, RESOURCES FOR TESTING PRODUCTS AND SERVICES, AND IDENTIFIES, DEVELOPS, AND DISTRIBUTES AUTHORITATIVE INFORMATION ON HOW TO RESPOND TO THE NEEDS OF THE UNDERBANKED PROFITABILITY AND RESPONSIBILITY. THE ORGANIZATION WORKS WITH BANKS, CREDIT UNIONS, TECHNOLOGY VENDORS, ALTERNATIVE SERVICE PROVIDERS, CONSUMER ADVOCATES, AND POLICY MAKERS TO FORGE NEW RELATIONSHIPS, PIONEER PRODUCTS AND STRATEGIES, AND SEEK ASSET-BUILDING OPPORTUNITIES THAT CREATE VALUE. 4032963 1 1 0 1 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 1 31 0 1 32 1 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 IL X X CAROL BROWN 3128815880 20 NORTH CLARK CHICAGO IL 60602 ELLEN SEIDMAN 2.00 X X 1200 0 0 JENNIFER TESCHER 50.00 X X 149638 0 14293 KEVIN RHEIN 2.00 X X 0 0 0 ROBERT ANNIBALE 1.00 X 0 0 0 STEVEN DOW 1.00 X 0 0 0 SUSAN EHRLICH 1.00 X 0 0 0 BRUCE MURPHY 1.00 X 0 0 0 GARY PALMER 1.00 X 0 0 0 ERIC RODRIGUEZ 1.00 X 0 0 0 DAVID ROSE 1.00 X 0 0 0 LUZ LOPEZ URRUTIA 1.00 X 0 0 0 KIMBERLY GARTNER 40.00 X 121168 0 11202 RACHEL SCHNEIDER 40.00 X 114139 0 4706 CAROL BROWN 40.00 X 105354 0 4967 491499 0 35168 4 0 1 0 SHOREBANK INTERNATIONAL LT 1220 19TH STREET NW STE 200 WASHINGTON DC 20036 OFFICE RENT / UTILITIES / VOICE DATA / P 123235 GMMB INC 1010 WISCONSIN AVE NW STE 800 WASHINGTON DC 20007 MARKETING / COMMUNICATIONS / RECRUITING 107455 2 2563000 2563000 CONTRACTUAL FEES 900099 711879 711879 ROUNDTABLE FEES 900099 610350 610350 CONFERENCE 900099 168352 168352 1490581 11138 11138 OTHER INCOME 900099 54012 54012 54012 4118731 1544593 0 11138 1500000 1500000 590856 391628 139285 59943 1247400 1060594 173219 13587 188215 150190 30311 7714 151890 121846 24144 5900 644572 343279 268181 33112 20396 16500 3097 799 56918 45660 9047 2211 235585 188988 37447 9150 209332 58365 150967 13249 10628 2106 515 11534 9253 1833 448 PROGRAM AND EVENTS 109986 31968 78018 0 RESEARCH 71900 71900 0 0 MARKETING & COMMUNICATI 49103 5519 43584 0 VOICE & DATA 32010 25679 5088 1243 52089 966 51123 5185035 4032963 1017450 134622 2599838 3266270 1025677 112335 345243 3365 49348 168373 13249 0 155124 513897 391203 0 4138 23905 4259250 4231093 174365 235385 675000 30000 483946 500000 500000 704365 1894331 X 1608901 1109025 1945984 1227737 3554885 2336762 4259250 4231093 X -1066304 -151819 X 0 1 1 X 0 X 3381258 1506167 1025256 3310000 2563000 11785681 3381258 1506167 1025256 3310000 2563000 11785681 6347960 5437721 27840 62935 20420 12378 11138 134711 11920392 4974697 0.45620 0.63200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 261797 290589 552386 828579 1106 4283 5389 65449 72647 138096 207144 74599 3730 70869 93774 9519 84255 155124 TIO NETWORKS, CORP. 100806 F CATALYST FUND, LP 256109 F CORE INNOVATION CAPITAL 34288 F 391203 RECOVERABLE GRANT 500000 500000 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: CFSI HAS ADOPTED ACCOUNTING POLICIES RELATED TO UNCERTAIN TAX POSITIONS AND HAS EVALUATED ITS TAX POSITION TAKEN FOR ALL OPEN TAX YEARS. CFSI HAS NOT BEEN EXAMINED BY ANY TAX JURISDICTION. BASED ON THE EVALUATION OF CFSI'S TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD BE UPHELD UNDER AND EXAMINATION; THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITION HAS BEEN RECORDED FOR THE YEAR END DECEMBER 31, 2011. PART X. LINE 2: FIN 48 - FOOTNOTE CFSI WAS GRANTED AN EXEMPTION FROM FEDERAL INCOME TAXES BY THE INTERNAL REVENUE SERVICE PURSUANT TO THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3). THE ORGANIZATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(VI) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). THE TAX EXEMPT PURPOSE OF THE ORGANIZATION AND THE NATURE IN WHICH IT OPERATES IS DESCRIBED IN THE FIRST PARAGRAPH OF NOTE 1 (PAGE 2 OF FORM 990). THE ORGANIZATION CONTINUES TO OPERATE IN COMPLIANCE WITH ITS TAX EXEMPT PURPOSE. THE ORGANIZATION'S ANNUAL INFORMATION RETURNS FILED WITH THE FEDERAL AND STATE GOVERNMENTS ARE SUBJECT TO EXAMINATION FOR THE STATUTORY PERIOD. 1 CONSUMER CREDIT COUNSELING SERVICE OF DELAWARE VALLEY (AKA CLARIFI) 1515 MARKET STREET SUITE 1325 PHILADELPHIA PA 19102 231671903 501(C)(3) 310000 PROVIDE FUNDING FOR INNOVATIVE SOLUTIONS WHICH HELP UNDERBANKED CONSUMERS. CO-OPPORTUNITY INC 20-28 SARGEANT STREET HARTFORD CT 06105 061221472 501(C)(3) 310000 PROVIDE FUNDING FOR INNOVATIVE SOLUTIONS WHICH HELP UNDERBANKED CONSUMERS. FILENE RESEARCH INSTITUTE 612 W MAIN STREET SUITE 105 MADISON WI 53703 391645910 501(C)(3) 310000 PROVIDE FUNDING FOR INNOVATIVE SOLUTIONS WHICH HELP UNDERBANKED CONSUMERS. MISSION ASSET FUND 1470 VALENCIA SAN FRANCISCO CA 94110 208993652 501(C)(3) 260000 PROVIDE FUNDING FOR INNOVATIVE SOLUTIONS WHICH HELP UNDERBANKED CONSUMERS. SAVINGSHERO INC (AKA PIGGYMOJO) 320 7TH AVENUE BROOKLYN NY 11215 264814178 501(C)(3) 310000 PROVIDE FUNDING FOR INNOVATIVE SOLUTIONS WHICH HELP UNDERBANKED CONSUMERS. X X 0 0 0 0 0 0 0 0 0 JENNIFER TESCHER 149638 0 0 0 0 0 4000 0 10293 0 163931 0 0 0 ELLEN SEIDMAN BOARD CHARIMAN SCHEDULE O 0 SCHEDULE L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS (A) NAME OF PERSON: ELLEN SEIDMAN(D) DESCRIPTION OF TRANSACTION: SCHEDULE O - ELLEN SEIDMAN, BOARD CHAIR, IS THE EXECUTIVE VICE PRESIDENT OF SHOREBANK CORPORATION. THE ORGANIZATION LEASED OFFICE SPACE AND OUTSOURCED CERTAIN ADMINISTRATIVE FUNCTIONS TO SHOREBANK CORPORATION. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WAS INITIALLY REVIEWED BY THE ACCOUNTING DEPARTMENT, THEN REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR. PRIOR TO FILING, THE FORM 990 WAS PRESENTED TO THE BOARD OF DIRECTORS FOR FINAL REVIEW. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS MUST SIGN A CONFLICT OF INTEREST POLICY ANNUALLY. THEY ARE ENCOURAGED TO REPORT CONFLICTS AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE EXECUTIVE DIRECTOR'S COMPENSATION, WHICH IS DETERMINED USING COMPARABILITY STUDIES. THE EXECUTIVE DIRECTOR REVIEWS AND APPROVES THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -156,899. PRIOR PERIOD ADJUSTMENT 5,080. TOTAL TO FORM 990, PART XI, LINE 5: -151,819. CFSI CATALYST GP LLC 2230 S MICHIGAN AVENUE CHICAGO IL 60616 260509531 COMMUNITY DEVELOPMENT INVESTMENTS IL -1979 693562 THE CFSI CATALYST FUND LP 2230 S MICHIGAN AVENUE CHICAGO IL 06016 260509703 FINANCIAL PRODUCTS IL INVESTMENTS -1979 436629 1 0 0.50000 CORE INNOVATION CAPITAL I LP 611 BROADWAY AVENUE SUITE 504 NEW YORK NY 10012 272234487 INVESTMENTS IN EQUITY, EQUITY-RELATED AND DEBT DE INVESTMENTS -6462 23572 0 0 0.00057 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0