2012-11-15T16:51:56-06:00 2011-12-31 941250261 LINDQUIST VON HUSEN & JOYCE LLP 90 NEW MONTGOMERY ST 11TH FLOOR SAN FRANCISCO CA 94105 990 2011-01-01 201663266 INVENEO INC INVE 4159011969 972 MISSION STREET 5TH FLOOR SAN FRANCISCO CA 94103 BOB MARSH 4159011969 2012-11-15 1 ALEXIS H WONG P00604756 4159579999 2011 2016-02-24 21:20:13Z KRISTIN PETERSON 972 MISSION STREET 5TH FLOOR SAN FRANCISCO CA 94103 5566052 0 X WWW.INVENEO.ORG X 2004 CA INVENEO'S MISSION IS TO GET THE TOOLS OF INFORMATION AND COMMUNICATIONS TECHNOLOGY (ICTS) - SUSTAINABLE COMPUTING AND BETTER INTERNET ACCESS - OUT TO PEOPLE AND ORGANIZATIONS WHO NEED IT MOST IN RURAL AND HIGHLY UNDERSERVED AREAS IN THE DEVELOPING WORLD TO TRANSFORM LIVES THROUGH BETTER ACCESS TO EDUCATION, HEALTHCARE, ECONOMIC OPPORTUNITY AND FASTER RELIEF. 7 4 18 25 0 0 2575762 3838821 308343 421840 0 2 345989 393147 3230094 4653810 0 346375 0 0 849026 1077889 0 0 220401 1119922 1957638 1968948 3381902 1261146 1271908 1890142 3316757 232089 386796 1658053 2929961 X INVENEO'S MISSION IS TO GET THE TOOLS OF INFORMATION AND COMMUNICATIONS TECHNOLOGY (ICTS) - SUSTAINABLE COMPUTING AND BETTER INTERNET ACCESS - OUT TO PEOPLE AND ORGANIZATIONS WHO NEED IT MOST IN RURAL AND HIGHLY UNDERSERVED AREAS IN THE DEVELOPING WORLD TO TRANSFORM LIVES THROUGH BETTER ACCESS TO EDUCATION, HEALTHCARE, ECONOMIC OPPORTUNITY AND FASTER RELIEF. 0 0 1285585 INVENEO LED PROGRAMS:INVENEO TRAINS AND PARTNERS WITH ICT PROFESSIONALS ACROSS AFRICA, SOUTH ASIA AND HAITI THROUGH ITS INVENEO CERTIFIED ICT PARTNER (ICIP) AND INVENEO START-UP ENTREPRENEURS (ITSE) PROGRAMS. FOR THE ICIP PROGRAM, INVENEO RECRUITS, VETS, TRAINS, CERTIFIES AND ENTERS INTO LONG TERM PARTNERSHIPS WITH LOCAL PARTNERS (ICIPS). TYPICALLY, THE ICIPS ARE TECHNICAL PROFESSIONALS AND SMALL TO MEDIUM SIZE BUSINESS ENTREPRENEURS IN URBAN AREAS. WE DELIVER A FORMAL TRAINING AND CERTIFICATION PROCESS TO EMPOWER THESE IN-COUNTRY ICT ENTREPRENEURS WITH THE TOOLS, SKILLS AND ONGOING SUPPORT TO IMPLEMENT SUSTAINABLE TECHNOLOGY SOLUTIONS FOR ORGANIZATIONS OPERATING IN RURAL AND HIGHLY UNDERSERVED COMMUNITIES. THEY ARE PAID TO DESIGN, INSTALL AND SUPPORT COMPUTING AND NETWORKING SOLUTIONS USING THE PROCESSES GAINED THROUGH INVENEO CERTIFICATION AND USING RELEVANT EQUIPMENT RECOMMENDED AND CERTIFIED BY INVENEO. WITH THIS APPROACH, ORGANIZATIONS GET AFFORDABLE AND LOCALLY SUSTAINABLE ICT PROJECTS IMPLEMENTED SO THEY CAN USE THE ICT SOLUTIONS TO IMPROVE THEIR DELIVERY OF EDUCATION, HEALTHCARE, ECONOMIC DEVELOPMENT AND RELIEF PROGRAMS.FOR THE ITSE PROGRAM, INVENEO RECRUITS, VETS AND TRAINS NEW ICT ENTREPRENEURS AS TECHNICIANS AND TRAINERS. TYPICALLY, THE ITSES ARE INDIVIDUALS (OFTEN YOUTH) IN RURAL AREAS THAT HAVE SOME FORMAL ICT TRAINING AND STRONG SKILLS AND AN INTEREST IN BECOMING ICT ENTREPRENEURS WITHIN THEIR COMMUNITY. WE PROVIDE ISSUE-SPECIFIC SKILLS - TRAINING FOR BROADBAND SET-UP, TEACHER TRAINING AND COMMUNITY TRAINING SO THAT THEY CAN IMPLEMENT ICT PROGRAMS IN THEIR RURAL AREAS AND BUILD SMALL BUSINESSES THAT ARE SUSTAINABLE AROUND THE OPPORTUNITY. THIS APPROACH IMPROVES LOCAL EXPERTISE, OPENS NEW MARKET OPPORTUNITIES FOR THE ENTREPRENEURS AND HELPS BUILD THE LOCAL ICT ECONOMY.HAITI CONNECTED CITIES AND CONNECTED SCHOOLS PROGRAM 2010 - 2012: THROUGH THE HAITI CONNECTED CITIES AND HAITI CONNECTED SCHOOLS PROGRAMS, INVENEO IS LEADING EFFORTS TO TRANSFORM ACCESS TO BROADBAND AND EDUCATION THROUGH ICTS. THROUGH HAITI CONNECTED CITIES, INVENEO IS DELIVERING A FINANCIALLY SUSTAINABLE BROADBAND SERVICES MODEL TO 6 REGIONS AND OVER 20 POPULATION CENTERS IN RURAL HAITI. THIS EFFORT INCLUDES PARTNERING WITH LOCAL INTERNET SERVICE PROVIDERS, DEPLOYING A SHARED BROADBAND NETWORK THROUGHOUT HAITI, TRAINING LOCAL YOUTH TO DELIVER BROADBAND THOUGH A PROGRAM CALLED BATI, BUILDING A NETWORK OPERATIONS CENTER AND IMPLEMENTING A GOVERNANCE FRAMEWORK WITH THE LOCAL ISPS TO TRANSFER OWNERSHIP OF THE OPERATION LOCALLY. THROUGH THE CONNECTED SCHOOLS PROGRAM, INVENEO IS WORKING WITH MICROSOFT, HP, WORLD VISION AND VOILA (NOW DIGICEL) TO DELIVER 40 SOLAR-POWERED COMPUTER LABS IN RURAL SCHOOLS THAT WILL BE CONNECTED TO THE BROADBAND NETWORK.BROADBAND FOR GOOD, 2011 (4Q) - 2015: THROUGH BROADBAND FOR GOOD, INVENEO'S GOAL IS TO ACCELERATE ACCESS TO HIGH QUALITY BROADBAND SERVICES IN UNDERSERVED REGIONS. THE CONNECTIVITY WILL BE USED TO DRIVE COMMUNITY AND ECONOMIC DEVELOPMENT THROUGH ACCESS TO IMPROVED EDUCATION AND HEALTH SERVICES, BETTER ECONOMIC OPPORTUNITY AND FASTER RELIEF. WITH BROADBAND FOR GOOD, INVENEO IS DESIGNING AND DEMONSTRATING A FRAMEWORK/PROCESS FOR FINANCIALLY SUSTAINABLE MODELS FOR DELIVERING BROADBAND BEYOND ITS CURRENT REACH, USING RADICALLY LOWER COST TECHNOLOGIES ANDDELIVERY ECOSYSTEMS BY BUILDING CAPACITY AND ICT JOBS FOR LOCAL ICT ENTREPRENEURS AND RURAL YOUTH. WE WILL BE FIELDING DEMONSTRATIONS THAT CAN BE ADOPTED AND SCALED LOCALLY - IN APPROXIMATELY 10 LOCATIONS AND REGIONS - STARTING IN DADAAB, KENYA. 1395755 761036 DIRECT SERVICES: INVENEO PROVIDES EXPERT GUIDANCE FOR IMPLEMENTING SUSTAINABLE ICT PROJECTS TO NON-GOVERNMENTAL AND GOVERNMENTAL ORGANIZATIONS IN DEVELOPING COUNTRIES, SO THAT THESE ORGANIZATIONS CAN USE ICT TO MORE EFFECTIVELY DELIVER EDUCATION, HEALTHCARE, ECONOMIC DEVELOPMENT AND RELIEF PROGRAMS. WE EMPLOY A SOLUTIONS-BASED APPROACH, FOCUSING ON UNDERSTANDING THE GOALS OF THE ORGANIZATION AND/OR PROGRAM AND ITS END-USERS SO THAT WECAN DESIGN COMPUTING, LOCAL AREA AND WIDE AREA NETWORKING SOLUTIONS TO HELP ACHIEVE THEIR PROGRAMMATIC GOALS. WE ASSESS THE CURRENT ENVIRONMENT, INCLUDING FACILITIES, POWER AND CONNECTIVITY AND OTHER FACTORS LIKE USER KNOW-HOW AND SECURITY. WE IDENTIFY APPROACHES THAT ADDRESS CHALLENGES SUCH AS UNRELIABLE ELECTRICITY, TIGHT OPERATING BUDGETS AND LACK OF SUPPORT RESOURCES. WE MAKE RECOMMENDATIONS THAT INCLUDE HARDWARE, SOFTWARE AND POWER SYSTEMS DESIGN AND INTEGRATION, SYSTEM IMPLEMENTATION, TRAINING AND SUPPORT AND PROVIDE TRAINING FOR AND DEPLOYMENTOF THE TECHNOLOGY WITH OUR LOCAL PARTNERS. IN ALL OF OUR PROJECTS WE ENDEAVOR TO WORK IN PARTNERSHIP WITH OUR IN-COUNTRY INVENEO CERTIFIED ICT PARTNERS AND INVENEO START-UP TECHNOLOGY ENTREPRENEURS CLOSELY TO ENSURE SUSTAINABLE DESIGN, DELIVERY AND LONG-TERM SUPPORT. 40192 RESEARCH AND DEVELOPMENT, OUTREACH AND SUPPORT: INVENEO IDENTIFIES, TESTS, CERTIFIES, AND IN SOME CASES DESIGNS SOFTWARE AND HARDWARE SOLUTIONS TO ADDRESS THE UNMET NEEDS FOR ICTS IN LOW-RESOURCE ENVIRONMENTS IN THE DEVELOPING WORLD. WE INTEGRATE EXISTING SOFTWARE AND HARDWARE COMPONENTS TO DELIVER REPEATABLE AND SCALABLE SOLUTIONS. THESE SOLUTIONS RANGE FROM ULTRA-LOW POWER COMPUTERS AND SERVERS TO DESKTOPS CONFIGURED FOR SHARED COMPUTING ENVIRONMENTS RUNNING OPEN-SOURCE OPERATING SYSTEMS. WE ALSO DESIGN CUSTOM HARDWARE SYSTEMS FOR SPECIFIC APPLICATIONS. THE RESULT IS A SOLUTION BLUEPRINT THAT CAN BE IMPLEMENTED IN A SCALABLE AND REPLICABLE WAY BY INVENEO AND OTHERS. OTHER MISCELLANEOUS PROGRAMS: 2721532 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 1 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 13 0 1 18 1 0 1 HA 0 0 0 0 0 0 0 0 X 7 4 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X MARK SUMMER 4159011969 972 MISSION STREET 5TH FLOOR SAN FRANCISCO CA 94103 L WILTON AGASTEIN 1.00 X 0 0 0 JIM FORSTER 1.00 X 0 0 0 DOMINIC ORR 1.00 X 0 0 0 ROBERT MARSH 40.00 X X 66319 0 10198 KRISTIN PETERSON 40.00 X X 97300 0 14962 MARK SUMMER 40.00 X X 96300 0 14808 REGINA CONNELL 1.00 X 0 0 0 259919 0 39968 0 0 0 0 0 3838821 349568 3838821 CONSULTING 541519 421840 421840 421840 2 2 53953 53953 53953 53953 1247475 912242 335233 335233 MISCELLANEOUS INCOME 541519 3961 3961 3961 4653810 761036 0 53953 346375 346375 299887 212618 60897 26372 640065 453802 129977 56286 65727 46600 13347 5780 72210 51196 14664 6350 147491 119833 27052 606 58139 47237 10663 239 28521 23310 4353 858 95027 13189 80252 1586 299648 259207 18391 22050 17634 15254 1082 1298 20354 15665 4127 562 4036 1084 26 2926 PROGRAM EXPENSE 371464 371464 DONATED MATERIALS 349568 281334 68234 PROFESSIONAL FEES 226603 184110 41562 931 PARTS & HARDWARE 151869 151869 187284 127385 33576 26323 3381902 2721532 439969 220401 724240 2232173 924688 409500 3866 194571 82416 151927 6309 47838 99477 47274 33796 52203 114827 228545 1890142 3316757 89951 202841 142138 183955 232089 386796 X -448050 -3014532 2106103 5944493 1658053 2929961 1890142 3316757 1271908 0 X X 0 1 1 X 0 X 1003273 502642 987952 2575762 3838821 8908450 900381 877789 975151 1162299 1669315 5584935 1903654 1380431 1963103 3738061 5508136 14493385 917000 500000 835000 2252000 0 917000 500000 835000 2252000 12241385 970 5119 6089 970 5119 6089 2520 10874 52004 57916 123314 1904624 1388070 1973977 3790065 5566052 14622788 0.83710 0.74460 0.00040 0.00060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 114827 477414 364250 227991 0 12981 8289 4692 51496 24054 27442 35000 14931 20069 52203 RESTRICTED CASH-FISCAL SPONSORSHIP 227991 OTHER ASSETS 554 228545 CUSTOMER DEPOSITS 179540 SECURITY DEPOSITS 4415 183955 4653810 3381902 1271908 1271908 4653810 0 4653810 0 4653810 3381902 0 3381902 0 3381902 PART IV, LINE 1B: IN APRIL 2010, THE ORGANIZATION ENTERED INTO A FISCAL SPONSORSHIP GRANT AGREEMENT WITH A NON-AFFILIATED ENTITY TO MANAGE A PROJECT REFERRED TO AS "WE CARE" (WOMEN'S EMERGENCY COMMUNICATION AND RELIABLE ELECTRICITY) SOLAR. THE ORGANIZATION BELIEVES THAT THE WE CARE SOLAR PROJECT FURTHERS ITS TAX-EXEMPT PURPOSE. WE CARE SOLAR HAS OBTAINED FINANCIAL SUPPORT IN THE FORM OF CONTRIBUTIONS AND GRANTS WHICH ARE RECEIVED AND RECOGNIZED AS INCOME BY INVENEO, INC., WHEN THEY ARE UNCONDITIONALLY COMMUNICATED. THE ORGANIZATION, AS THE FISCAL SPONSOR, RECORDS ALL REVENUE AND EXPENSES OF THE WE CARE SOLAR PROJECT AS A SEPARATE PROGRAM. THE PROGRAM IS CONTRACTUALLY MANAGED BY A NON-AFFILIATED THIRD PARTY UNDER THE AUSPICES OF THE ORGANIZATION. IN ACCORDANCE WITH THE FISCAL SPONSOR GRANT AGREEMENT, A SEGRAGATED BANK ACCOUNT HAS BEEN ESTABLISHED TO RECEIVE AND DISBURSE FUNDS FOR THIS PROGRAM. THE ORGANIZATION IS ENTITLED TO AN ADMINISTRATIVE FEE EQUIVALENT TO 5% OF ALL PROGRAM COSTS EXPENDED. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION'S FEDERAL AND STATE INCOME TAX RETURNS FOR THE YEARS 2007 THROUGH 2010 ARE SUBJECT TO EXAMINATION BY REGULATORY AGENCIES, GENERALLY FOR THREE YEARS AND FOUR YEARS AFTER THEY WERE FILED FOR FEDERAL AND STATE, RESPECTIVELY. CARIBBEAN 1 2 PROGRAM SERVICES DIRECT SERVICES 267292 MIDDLE EAST 0 0 PROGRAM SERVICES DIRECT SERVICES 19091 MIDDLE EAST 0 0 PROGRAM SERVICES ICIP PROGRAM 14652 SUB SAHARAN 0 0 PROGRAM SERVICES DIRECT SERVICES 25164 SUB SAHARAN 0 0 PROGRAM SERVICES ICIP PROGRAM 245170 1 2 0 0 1 2 571369 0 571369 0 0 0 0 0 0 1 WE CARE SOLAR PO BOX 5765 2705 WEBSTER STREET BERKELEY CA 94705 300627106 501(C)(3) 346375 FISCAL SPONSOR 1 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THIS IS A FISCAL SPONSOR ARRANGEMENT. INVENEO WAS AWARDED A LARGE GRANT IN THE NAME OF WE CARE SOLAR. INVENEO RECEIVES FINANICAL AND PROGRAM PROGRESS REPORTS TO MONITOR ACTIVITY AND PROGRAM SPENDING. IN ADDITION, INVENEO HAS AN ACCOUNTING CONSULTANT WHO ALSO PROVIDES FINANCIAL OVERSIGHT TO WE CARE SOLAR'S BOOKS OF ACCOUNT. X SOFTWARE 522 221543 FAIR MARKET VALUE X COMPUTER EQP. 653 70875 FAIR MARKET VALUE X FLIP CAMERAS 674 57150 FAIR MARKET VALUE 4 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 KRISTIN PETERSON, CEO, AND MARK SUMMER, CIO AND CFO, ARE DOMESTIC PARTNERS. FORM 990, PART VI, SECTION B, LINE 11 OUR CONSULTING ACCOUNTANT WORKS WITH MANAGEMENT AND THE BOARD TO PREPARE THE FORM 990. THE ORGANIZATION'S OUTSIDE AUDITING FIRM COMPILES ALL OF THE INFORMATION AND PROVIDES A COPY OF THE FINAL DRAFT TO INVENEO MANAGEMENT. THE DRAFT FORM 990 IS REVIEWED BY MANAGEMENT AND CIRCULATED TO ALL INVENEO BOARD MEMBERS PRIOR TO BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C INVENEO EMPLOYEES HAVE A DUTY TO PROMPTLY DISCLOSE ANY TRANSACTION THEY BELIEVE MAY INVOLVE A CONFLICT OF INTEREST. WHEN ANY INVENEO EMPLOYEE BECOMES AWARE OF A CONFLICT OF INTEREST TRANSACTION (WHETHER BEFORE OR AFTER THE TRANSACTION TAKES PLACE), EACH EMPLOYEE IS EXPECTED TO DISCLOSE TO THE CHIEF EXECUTIVE OFFICER (CEO) ALL MATERIAL FACTS REGARDING THE NATURE OF THE CONFLICT OF INTEREST AND THE PARTIES INVOLVED. WHEN INFORMED OF THE DETAILS OF THE TRANSACTIONS, THE CEO DETERMINES IF A CONFLICT EXISTS, AND, IF SO, THE REMEDY TO ENSURE THE TRANSACTION IS REASONABLE. EMPLOYEES OR BOARD MEMBERS INVOLVED IN THE POTENTIAL CONFLICT OF INTEREST TRANSACTION ARE EXCLUDED FROM THE DECISION-MAKING PROCESS. AT ANY MEETING OF THE BOARD OF DIRECTORS AT WHICH A TRANSACTION INVOLVING A BOARD MEMBER OR A PERSON AFFILIATED WITH A BOARD MEMBER WILL BE CONSIDERED, SAID DIRECTOR SHALL DISCLOSE TO THE OTHER MEMBERS OF THE BOARD ALL MATERIAL FACTS REGARDING THE NATURE OF THE TRANSACTION OR THE DIRECTOR'S AFFILIATION WITH ANY PERSON OR ENTITY WITH WHOM THE BOARD IS CONSIDERING ENTERING INTO ANY TRANSACTION. AFTER A CONFLICT OT INTEREST DISCLOSURE IS MADE BY A DIRECTOR AT A BOARD MEETING, SAID DIRECTOR SHALL LEAVE THE MEETING WHILE THE IMPLICATIONS OF THE AFFILIATION ARE CONSIDERED AND VOTED UPON. THE REMAINING BOARD MEMBERS SHALL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION B, LINE 15 THE INVENEO BOARD OF DIRECTORS, EXCLUDING ANY PERSON WITH A CONFLICT OF INTEREST, IS RESPONSIBLE FOR DETERMINING THE COMPENSATION OF INVENEO'S CEO AND CHIEF INNOVATION AND FINANCIAL OFFICER (CIO/CFO). IN MAKING ITS DETERMINATION, THE BOARD CONSIDERS COMPENSATION INFORMATION OF COMPARABLE ORGANIZATIONS IN TERMS OF SIZE OF REVENUES AND SCOPE OF RESPONSIBILITIES, TO ENSURE COMPENSATION IS REASONABLE. DOCUMENTS AND OTHER INFORMATION THAT SUPPORTED THE DECISION-MAKING PROCESS ARE KEPT WITH NOTES OF THE COMPENSATION MEETING. COMPENSATION OF INVENEO'S OTHER KEY EMPLOYEES IS SET BY THE CEO, IN CONSULTATION WITH THE CIO/CFO, AND THE INVENEO BOARD OF DIRECTORS. THE CEO CONSIDERS COMPENSATION INFORMATION OF COMPARABLE ORGANIZATIONS TO ENSURE REASONABLENESS. THIS INFORMATION IS SHARED WITH THE CIO/CFO AND BOARD OF DIRECTORS AND IS KEPT WITH THE NOTES OF THE MEETING(S). FORM 990, PART VI, SECTION C, LINE 19 INVENEO PROVIDES COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND ITS FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. IN ADDITION, INVENEO POSTS ITS RECENT FORM 990 INFORMATION RETURNS ON ITS WEBSITE AT WWW.INVENEO.ORG. FORM 990, PART XII, LINE 2C THE AUDIT COMMITTEE AND THE BOARD OF DIRECTORS OVERSEE THE AUDIT PROCESS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.