2012-08-09T11:18:04-05:00 2011-09-30 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 650N BETHESDA MD 208142930 990 2010-10-01 342015566 THE IRAQ MIDDLE MARKET DEVELOPMENT FOUNDATION IRAQ 2022234600 C/O KLAMP ASSOC 2000 P ST NW NO 708 WASHINGTON DC 20036 JORGE R VILA 2022234600 2012-08-09 1 3019519090 2010 2016-02-24 21:20:13Z JORGE R VILA C/O KLAMP ASSOC 2000 P ST NW NO 708 WASHINGTON DC 20036 3086187 0 X WWW.IMMDF.ORG X 2004 TX SEE PART III, LINE 1 5 5 0 5 0 0 0 0 3913167 3033990 29424 52197 0 0 3942591 3086187 0 0 0 0 921939 978371 0 0 0 10226971 2335976 11148910 3314347 -7206319 -228160 30579572 25177498 15891125 10717211 14688447 14460287 IMMDF MAKES DEVELOPMENT LOANS AT BELOW MARKET INTEREST RATES WITH NON-COMMERCIAL TERMS TO SMALL AND MEDIUM SIZED BUSINESSES IN AREAS OF IRAQ WITH LOW INCOME AND HIGH UNEMPLOYMENT TO CREATE JOBS, LESSEN POVERTY, AND FOSTER ECONOMIC GROWTH. 0 0 2515303 3033990 CAPITAL ASSISTANCE: IMMDF MADE DEVELOPMENT LOANS AT BELOW MARKET INTEREST RATES WITH NON-COMMERCIAL TERMS TO SMALL AND MEDIUM SIZED BUSINESSES IN AREAS OF IRAQ.IMMDF MADE LOANS TO IRAQ SMALL AND MEDIUM SIZE COMPANIES THAT DO NOT HAVE ACCESS TO THE CREDIT UNDER AFFORDABLE INTEREST RATES FOR PROJECTS THAT GENERATE EMPLOYMENT AND ECONOMIC GROWTH. 2515303 1 0 0 0 0 0 0 0 0 0 0 0 0 0 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 1 0 0 0 0 0 1 0 0 0 0 1 JO IZ 0 0 0 0 0 0 0 0 X 5 5 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X KLAMP AND ASSOCIATES PC 2022234600 2000 P ST NW STE 708 WASHINGTON DC 20036 MICHAEL DOYLE 3.00 X 0 0 0 NASER DARWISH 3.00 X 0 0 0 JAMES PICKUP 3.00 X 0 0 0 RALPH LOBDELL 3.00 X 0 0 0 CHIS SALE 3.00 X 0 0 0 JORGE R VILA 40.00 X 219221 0 45363 219221 0 45363 1 0 1 0 KLAMP & ASSOCIATES PC 2000 P ST NW 708 WASHINGTON DC 20036 LEGAL SERVICES 176083 CHF INTERNATIONAL 8601 GEORGIA AVE 800 SILVER SPRING MD 20910 CONSULTING 150000 2 PROGRAM FEES 900099 3033990 3033990 3033990 52197 52197 3086187 3033990 0 52197 251231 188423 62808 559100 419325 139775 5912 4434 1478 118610 88957 29653 43518 32638 10880 150000 135000 15000 518420 388815 129605 58638 58638 29776 26798 2978 68427 68427 95860 71895 23965 102914 51457 51457 10220 10220 1009597 1009597 186745 93372 93373 FURNITURE & EQUIPMENT 43838 43838 VEHICLES & TRANSPORT. 26030 26030 MISCELLANEOUS 10569 2642 7927 SECURITY EXPENSES 7799 1950 5849 TAX SERVICES 6371 6371 10772 10772 3314347 2515303 799044 0 11434265 1349700 4479882 12286104 399937 267795 14072793 11123861 183227 140570 9468 9468 30579572 25177498 521482 824405 15369643 9892806 15891125 10717211 X -15202461 -13130870 29890908 27591157 14688447 14460287 30579572 25177498 -228160 0 X 0 1 1 X 1 1 X 8254581 9100000 17354581 8254581 9100000 17354581 17354581 40812 29424 52197 122433 17477014 20337557 0.99300 0.99590 X 0 3086187 3314347 -228160 0 -228160 2139407 0 2139407 946780 946780 3086187 2367567 -946780 -946780 3314347 0 3314347 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: IN JUNE 2006, THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) RELEASED FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES. FOR THE YEARS ENDED SEPTEMBER 30, 2011 AND 2010, IMMDF HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10 AND DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE FEDERAL FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, IS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER IT IS FILED. PART XII, LINE 4B - OTHER ADJUSTMENTS: REVERSAL OF BAD DEBT PROVISION SHOWN AS A NEGATIVE EXPENSE ON THE FINANCIAL STATEMENTS AND SHOWN AS REVENUE ON THE FORM 990 PART XIII, LINE 2D - OTHER ADJUSTMENTS: REVERSAL OF BAD DEBT PROVISION SHOWN AS A NEGATIVE EXPENSE ON THE FINANCIAL STATEMENTS AND SHOWN AS REVENUE ON THE FORM 990 MIDDLE EAST AND NORTH AFRICA 3 16 PROGRAM SERVICES IMMDF MADE LOANS TO IRAQ SMALL AND MEDIUM SIZE COMPANIES THAT DO NOT HAVE ACCESS TO THE CREDIT UNDER AFFORDABLE INTEREST RATES FOR PROJECTS THAT GENERATE EMPLOYMENT AND ECONOMIC GROWTH. 1733286 3 16 0 0 3 16 1733286 0 1733286 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: IMMDF MADE LOANS TO IRAQ SMALL AND MEDIUM SIZE COMPANIES THAT DO NOT HAVE ACCESS TO THE CREDIT UNDER AFFORDABLE INTEREST RATES FOR PROJECTS THAT GENERATE EMPLOYMENT AND ECONOMIC GROWTH. X 1 1 X X 0 0 0 0 0 0 0 0 0 JORGE R VILA 193623 0 15000 0 10598 0 19362 0 26001 0 264584 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS NASER DARWISH AND CHRIS SALE HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE GENERAL MANAGER AND CHIEF FINANCIAL OFFICER OF IMMDF. THE 990 WAS PRESENTED AND CIRCULATED TO THE BOARD OF DIRECTORS FOR APPROVAL BEFORE IT WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS HAVE APPROVED A POLICY REQUIRING THEM TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST WHEN THEY ARISE. IF THERE ARE TRANSACTIONS INVOLVING A DIRECTOR, THAT DIRECTOR LEAVES THE RELEVANT PORTION OF THE BOARD MEETING AND DOES NOT PARTICIPATE IN THE DECISION. DISCLOSURE FORMS ARE REQUIRED OF BOARD MEMBERS. EMPLOYEES MUST STRICTLY AVOID ANY CONFLICT OF INTEREST OR THE APPEARANCE OF A CONFLICT OF INTEREST AND EMPLOYEES SHOULD HAVE NO RELUCTANCE TO MAKE FULL DISCLOSURE OF THEIR ACTIONS OR RELATIONSHIPS WITH PERSPECTIVE VENDORS, CONTRACTORS, OR CONSULTANTS. NO IMMDF EMPLOYEE SHOULD ENGAGE IN CONDUCT RESULTING IN A POTENTIAL CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE INITIAL SALARY OF THE GENERAL MANAGER OF IMMDF WAS DETERMINED BY THE GOVERNMENT AGENCY FUNDING IMMDF. RAISES ARE DECIDED UPON BY THE BOARD OF DIRECTORS AFTER A PERFORMANCE REVIEW, COMPARISON WITH SIMILAR ORGANIZATIONS, AND A DISCUSSION BY THE BOARD WITHOUT THE GENERAL MANAGER PRESENT. THE DECISION IS DOCUMENTED IN WRITTEN MINUTES OF THE BOARD. THE LAST SALARY REVIEW FOR THE GENERAL MANAGER WAS DONE IN FEBRUARY 2011. FORM 990, PART VI, SECTION C, LINE 19 IMMDF DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE GULF COMPANY FOR CREDIT ASSESSEMENT 10 ASADI BUILDING YABANEE STREET AMMAN JO ADMINISTRATIVE SUPPORT TO IMMDF JO 0 0 N/A