2012-08-14T10:52:05-05:00 2011-12-31 362658780 MUELLER & CO LLP 2230 POINT BLVD STE 700 ELGIN IL 60123 990 2011-01-01 300199985 CAPITALPLUS EXCHANGE CORPORATION CAPI 3125401580 100 N LASALLE STREET NO 1710 CHICAGO IL 60602 LYNN PIKHOLZ 3125401580 2012-08-13 1 JAMES J HARE P01295827 8478888600 2011 2016-02-24 21:20:13Z X LYNN PIKHOLZ 100 N LASALLE STREET NO 1710 CHICAGO IL 60602 4299604 0 X SBBNETWORK.ORG X 2003 DE EXPAND THE CAPACITY OF FINANCIAL INSTITUTIONS TO HELP SMALL BUSINESSES IN DEVELOPING ECONOMIES INCREASE INCOMES AND JOBS. CAPITALPLUS EXCHANGE IS COMMITTED TO A VISION OF INCREASED ECONOMIC OPPORTUNITIES, CAPABILITIES, INCOMES AND JOBS UNLEASHED THROUGH EXPANDING ACCESS TO FINANCE FOR SMALL AND GROWING BUSINESSES-THE PRIMARY ENGINE OF POVERTY REDUCTION IN DEVELOPING ECONOMIES. 7 6 0 9 0 0 4176616 4148474 215493 138277 28530 11021 85512 1832 4506151 4299604 0 0 0 0 494850 477133 0 0 95357 2170559 2197067 2665409 2674200 1840742 1625404 6741737 8484970 215043 261520 6526694 8223450 X CAPITALPLUS EXCHANGE CORPORATION ("EXCHANGE" OR "THE ORGANIZATION") IS REGISTERED AS A NONPROFIT CORPORATION WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE SERVICE CODE OF 1986, AS AMENDED. THE ORGANIZATION OPERATES EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES, TO MAKE CAPACITY-BUILDING SERVICES AVAILABLE AT SUBSTANTIALLY BELOW COST TO FINANCIAL INSTITUTIONS IN DEVELOPING AND TRANSITIONAL MARKETS THAT SERVE SMALL BUSINESSES AND MICRO-ENTERPRISES, TO PROMOTE ECONOMIC DEVELOPMENT, POVERTY REDUCTION AND OTHERWISE BENEFIT LOW-INCOME PERSONS. 0 0 617908 113027 DIRECT CAPACITY BUILDING/ONE-ON-ONE CONSULTING: THIS PROGRAM ENCOMPASSES STRATEGIC AND OPERATIONAL CONSULTING TO FINANCIAL INSTITUTIONS WANTING TO EXPAND SERVICES TO UNDERSERVED POPULATIONS. EXCHANGE'S MISSION IS TO ENHANCE AND ACCELERATE THE ABILITY OF FINANCIAL INSTITUTIONS TO SERVE POOR COMMUNITIES AND UNDERSERVED ENTREPRENEURS BY ADDRESSING THE CAPACITY BUILDING NEEDS OF LOCAL FINANCIAL INSTITUTIONS. EXCHANGE USES A TRANSPARENT AND LOCAL/CLIENT-DRIVEN PROCESS. EXCHANGE PROVIDED SERVICES TO 7-10 MICROFINANCE INSTITUTIONS AND SMALL BUSINESS BANKS OVER THE PERIOD. THE PRINCIPAL ACTIVITY OF CAPACITY BUILDING IS RESOURCE SUPPORT FOCUSED ON SERVING LOW-INCOME COMMUNITIES. CLIENT FINANCIAL INSTITUTIONS ARE REQUIRED TO PAY FOR A SMALL PORTION OF THE COST OF SERVICE PROVISION. CAPITALPLUS EXCHANGE WORKS TO ENSURE THAT THE CAPACITY BUILDING NEEDS (E.G. LENDING PRODUCT AND METHODOLOGY MANAGEMENT, RISK MANAGEMENT, HUMAN RESOURCE MANAGEMENT, NEW PRODUCT DEVELOPMENT AND INNOVATION, PIONEERING OF NEW PARTNERSHIPS FOR SERVICES' DELIVERY) OF THESE INSTITUTIONS ARE MET THROUGH EFFECTIVE INNOVATIVE DELIVERY MECHANISMS. EXCHANGE ALSO PROVIDES STRATEGIC AND OPERATIONAL CONSULTING THROUGH MENTORING AND DEVELOPMENT OF REGIONAL CONSULTANTS. 1323714 22250 MEMBERSHIP SERVICES (MSV) OR KNOWLEDGE EXCHANGE (KEN): MSV, OR KEN, FACILITATES INDUSTRY KNOWLEDGE BUILDING TO THE BROADER DEVELOPMENT FINANCE COMMUNITY, AS WELL AS TO ITS SMALL BUSINESS BANKING NETWORK MEMBERSHIP COMMUNITY, BY PROMOTING QUICK DISSEMINATION AND ADOPTION OF INNOVATIONS AND GOOD PRACTICES THAT HELP TO SUPPORT POVERTY REDUCTION IN DEVELOPING ECONOMIES THROUGH FINANCIAL INSTITUTIONS AND POLICY MAKERS. THE SMALL BUSINESS BANKING NETWORK (SBBN) IS THE FIRST ONLINE GLOBAL NETWORK FOR SMALL BUSINESS BANKING AND MICROFINANCE INSTITUTIONS IN DEVELOPING COUNTRIES. DURING 2011, OVER 30 INSTITUTIONS WERE SERVED THROUGH THE SBBN PORTAL AND MORE THAN 32 INSTITUTIONS WERE SERVED THROUGH KEN/MSV ACTIVITIES THAT INCLUDED WEBINARS, AN IN-PERSON FORUM ON SCALING CREDIT TO SMALL BUSINESSES AND AN IN-PERSON DINNER FORUM ON SMALL BUSINESS BANKING. PARTICIPANTS FROM VARIOUS FINANCIAL INSTITUTIONS IN AFRICA AND ASIA WERE ABLE TO SHARE EXPERIENCES, BEST PRACTICES AND IDEAS AT THESE EVENTS. DURING 2011, CAPITALPLUS EXCHANGE ALSO DEVELOPED AND PILOTED A SMALL BUSINESS BANKING ONSITE DIAGNOSTIC CATALYTIC SERVICE AND DESIGNED THREE TOOLKITS THAT WILL BE MADE AVAILABLE TO FINANCIAL INSTITUTIONS THROUGH THE STRATEGIC AND OPERATIONAL CONSULTING BUSINESS LINE STARTING IN 2012. THE THREE, INDUSTRY-BUILDING TOOLKITS HELP FINANCIAL INSTITUTIONS ASSESS RISK MANAGEMENT, ASSESS AND BENCHMARK HUMAN CAPITAL AND BENCHMARK SMALL BUSINESS BANKING AND SUCCESS DRIVERS. 87886 STRATEGIC NEEDS ASSESSMENT AND DIAGNOSTICS: THE NEEDS ASSESSMENT OR DIAGNOSTIC IS AN ON-SITE VISIT TO A CLIENT BANK THAT SERVES POOR/UNDERSERVED MARKETS IN DEVELOPING ECONOMIES. THESE VISITS ARE USUALLY LESS THAN ONE WEEK IN LENGTH. THEY ASSESS THE INSTITUTION'S STRENGTHS AND WEAKNESSES AND ESTABLISH THE CHALLENGES AND PRIORITIES TO BE ADDRESSED IN THE TECHNICAL ASSISTANCE PLAN. IT IS A DISTINCT PART OF THE CAPACITY BUILDING WORK UNDERTAKEN BY EXCHANGE. DURING 2011, NEEDS ASSESSMENT VISITS WERE CONDUCTED AT SEVERAL INSTITUTIONS EXCHANGE WORKS WITH, INCLUDING BANKS IN INDIA, THE PHILIPPINES AND ZAMBIA. 29861 3000 29861 3000 2059369 1 1 0 0 0 0 0 0 0 0 0 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 1 0 0 0 0 0 0 0 0 0 0 1 29 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X LYNN PIKHOLZ 3125401580 100 N LASALLE STREET SUITE 1710 CHICAGO IL 60602 MATTHEW NELL 2.50 X X 0 0 0 SHERYLE BOLTON 2.50 X 0 0 0 ANNE-MAREE BYWORTH 1.00 X 6847 0 0 MARY EVSLIN 1.00 X 0 0 0 JENNIFER HOFFMANN 1.00 X 0 0 0 KENNY NWOSU 1.00 X 0 0 0 NATASHA QUIST 1.00 X 0 0 0 STEVE BROWN 2.00 X 0 0 0 LESLIE DAVIS 1.00 X 0 0 0 LYNN PIKHOLZ 40.00 X 160990 0 26922 URMI SENGUPTA 40.00 X 136062 0 16502 LISA THOMAS 40.00 X 126611 0 10048 430510 0 53472 3 0 1 0 EQUATOR CAPITAL PARTNERS 100 N LASALLE STREET SUITE 1710 CHICAGO IL 60602 PAYROLL SERVICES 743067 GERMONT LLC 2500 RIDGEWAY AVENUE EVANSTON IL 60201 CONSULTING SERVICES 205694 CBD PROFESSIONAL SERVICE INC 703-9303 SALISH COURT BURNABY BRITISH COLUMBIA CA V3J7B7 CONSULTING SERVICES 137000 CRISIL RISK & INFRASTRUCTURE SOLUTIONS CRISIL HOUSE CENTRAL AVE HIRANAND MUMBAI MAHARASHTRA IN 400 076 CONSULTING SERVICES 131565 METROPOLITAN GROUP 519 SW 3RD AVENUE SUITE PORTLAND OR 97204 CONSULTING SERVICES 112362 6 3949388 199086 4148474 ONE-ON-ONE CONSULTING 541610 113027 113027 KNOWLEDGE EXCHANGE 541900 22250 22250 3000 3000 138277 11021 11021 REALIZED CURRENCY TRAN 900099 1832 1832 1832 4299604 138277 0 12853 477133 341933 127088 8112 271432 238688 32744 17941 92 17849 61664 18478 43186 1265383 1109908 113474 42001 2686 370 2316 36443 19307 17136 38565 24493 14072 42674 42674 368778 299575 23959 45244 68245 68245 10189 10189 DUES, FEES & SUBSCRIPTI 9336 6525 2811 MISCELLANEOUS 3731 3731 2674200 2059369 519474 95357 178860 408782 2622676 2071444 3876477 5855448 56478 88093 7246 26834 0 34369 6741737 8484970 196359 261520 18684 0 215043 261520 X 2501160 2186169 4025534 6037281 6526694 8223450 6741737 8484970 X 1625404 71352 X 0 1 1 X 0 X 2971418 4027785 1849564 4176616 4148474 17173857 2971418 4027785 1849564 4176616 4148474 17173857 424682 16749175 76602 75432 29036 28530 11021 220621 11944 16442 16491 85512 1832 132221 17526699 1586191 0.95560 0.91390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 4299604 2674200 1625404 71352 71352 1696756 4370956 71352 71352 4299604 0 4299604 2674200 0 2674200 0 2674200 PART XI, LINE 8 - OTHER ADJUSTMENTS: UNREALIZED GAIN ON CURRENCY TRANSLATION 71,352. PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAXES AS A RESULT OF ITS STATUS AS A NON-PROFIT ORGANIZATION AS DESCRIBED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CORPORATION HAS ADOPTED GUIDANCE ISSUED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) WITH RESPECT TO ACCOUNTING FOR UNCERTAIN TAX POSITIONS. NO PROVISION HAS BEEN MADE FOR INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS, AS THE CORPORATION HAS HAD NO UNRELATED BUSINESS INCOME. MANAGEMENT BELIEVES THE CORPORATION HAS NO MATERIAL UNRECOGNIZED INCOME TAX BENEFITS OR LIABILITIES, INCLUDING ANY POTENTIAL LOSS OF ITS TAX-EXEMPT STATUS. THE CORPORATION HAS NOT BEEN EXAMINED BY ANY TAX JURISDICTION. THE CORPORATION DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. SOUTH ASIA 0 13 PROGRAM SERVICES CAPITALPLUS EXCHANGE PERFORMED NEEDS ASSESSMENTS AS WELL AS ONSITE CAPACITY BUILDING WORK AT MICROFINANCE AND SMALL BUSINESS BANKING FINANCIAL INSTITUTIONS IN INDIA AND PAKISTAN. IN ADDITION, THE ORGANIZATION HELD A KNOWLEDGE EXCHANGE AND PEER LEARNING EVENT IN INDIA ON THE NEXT FRONTIER IN GLOBAL BANKING: SMALL BUSINESS THAT WAS ATTENDED BY EMPLOYEES OF ASIAN MICROFINANCE INSTITUTIONS, SMALL BUSINESS BANKS AND FINANCIAL INSTITUTIONS. THE ORGANIZATION ALSO CONDUCTED MEMBERSHIP RECRUITMENT ACTIVITIES FOR ITS WEB COMMUNITY IN THIS REGION. 431496 SUB-SAHARAN AFRICA 0 10 PROGRAM SERVICES AND CONFERENCE CAPITALPLUS EXCHANGE PERFORMED NEEDS ASSESSMENTS AND ONSITE CAPACITY BUILDING WORK AT MICROFINANCE AND SMALL BUSINESS BANKING FINANCIAL INSTITUTIONS IN ZAMBIA AND KENYA. IN ADDITION, THE ORGANIZATION HELD A KNOWLEDGE EXCHANGE AND PEER LEARNING EVENT IN KENYA ON SCALING CREDIT TO SMALL BUSINESSES THAT WAS ATTENDED BY EMPLOYEES OF AFRICAN AND ASIAN MICROFINANCE INSTITUTIONS AND SMALL BUSINESS BANKS/FINANCIAL INSTITUTIONS. THE ORGANIZATION ALSO CONDUCTED MEMBERSHIP RECRUITMENT ACTIVITIES FOR ITS WEB COMMUNITY IN THIS REGION AND SENT ONE AGENT TO ATTEND AND SPEAK AT A CONFERENCE IN ETHIOPIA. 175069 EAST ASIA AND THE PACIFIC 0 7 PROGRAM SERVICES, FUNDRAISING AND CONFERENCE CAPITALPLUS EXCHANGE PERFORMED A FOLLOW-UP NEEDS ASSESSMENT AND ONSITE CAPACITY BUILDING WORK AT MICRO AND SMALL BUSINESS COMMERCIAL BANKS IN THE PHILIPPINES AND IN MONGOLIA. CAPITALPLUS EXCHANGE ALSO PERFORMED FUNDRAISING ACTIVITIES IN THE PHILIPPINES AND SENT ONE AGENT TO ATTEND AND SPEAK AT A CONFERENCE IN SOUTH KOREA. 134426 EUROPE 0 3 FUNDRAISING 38902 0 33 0 0 0 33 779893 0 779893 0 0 0 0 0 0 X X X 0 0 0 0 0 0 0 0 0 LYNN PIKHOLZ 120045 0 24477 0 16468 0 16189 0 10733 0 187912 0 0 0 URMI SENGUPTA 107192 0 18194 0 10676 0 12942 0 3560 0 152564 0 0 0 EQUATOR CAPITAL PARTNERS SEE SCH O 743067 EMPLOYEES OF CAPITALPLUS EXCHANGE WERE SECONDED THROUGH EQUATOR CAPITAL PARTNERS, AT COST, AND THEREFORE PAYROLL WAS PROCESSED THROUGH THIS COMPANY, RESPECTIVELY, DURING 2011. EXCHANGE ALSO CONTRACTED FOR ACCOUNTING SERVICES THROUGH EQUATOR CAPITAL PARTNERS IN 2011. 0 0 FORM 990, PART VI, SECTION B, LINE 11 EACH MEMBER OF THE BOARD OF DIRECTORS RECEIVES A COPY OF THE FORM 990 PRIOR TO FILING. THE BOARD HAS DELEGATED THE RESPONSIBILITY OF REVEIWING THE DOCUMENT IN DEPTH TO THE CONFLICT OF INTEREST AND AUDIT COMMITTEE. THIS COMMITTEE REVIEWS THE DOCUMENT AND PROVIDES COMMENTS, IF ANY, TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C CAPITALPLUS EXCHANGE HAS A CONFLICTS OF INTEREST POLICY AND A PROCUREMENT POLICY, WHICH THE BOARDS ACTIVE CONFLICT OF INTEREST AND AUDIT COMMITTEE (CIAC) OVERSEES. ALL EMPLOYEES SECONDED TO CAPITALPLUS EXCHANGE AS WELL AS BOARD DIRECTORS ARE REQUIRED TO SIGN AN ANNUAL CONFLICTS OF INTEREST POLICY CERTIFICATION AND DISCLOSE ANY CONFLICTS OF INTEREST TO THE CIAC. SERVICE PROVIDERS ARE ALSO ASKED TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST TO THE EXCHANGE PRESIDENT AND THE CIAC. THE CIAC REVIEWS A MANAGEMENT PREPARED PROCUREMENT REPORT LISTING ALL CONTRACTS, CONTRACTORS AND AWARDED AMOUNTS AT LEAST TWO (2) TIMES PER YEAR. IF A CONFLICT OF INTEREST IS SHOWN TO EXIST, THE BOARD OR CIAC WOULD DECIDE ON WHAT FURTHER ACTION WOULD NEED TO BE TAKEN. FORM 990, PART VI, SECTION B, LINE 15 AN INDEPENDENT CONSULTING FIRM CONDUCTED A REVIEW OF THE COMPENSATION OF ALL EMPLOYEES SECONDED TO CAPITALPLUS EXCHANGE, INCLUDING THE CEO, WITHIN THE LAST 5 YEARS. THE RESULT OF THIS RESEARCH WAS THAT ALL EMPLOYEES ARE FAIRLY COMPENSATED IN LINE WITH INDUSTRY STANDARDS. BENCHMARKING AGAINST PUBLIC INFORMATION IS COMPLETED AND REPORTED ON A REGULAR BASIS. THE BOARD HAS A COMPENSATION COMMITTEE, AND ALSO APPROVES THE COMPENSATION OF THE CEO AND PRESIDENT, AS WELL AS THE TOTAL COMPENSATION OF ALL EMPLOYEES ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 IS AVAILABLE ON GUIDESTAR'S WEBSITE AND BOTH THE FORM 990 AND FORM 1023 ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: UNREALIZED GAIN ON CURRENCY TRANSLATION 71,352. TOTAL TO FORM 990, PART XI, LINE 5: 71,352. RELATIONSHIP BETWEEN INTERESTED PERSON AND THE ORGANIZATION SCHEDULE L, PART IV (B) EQUATOR CAPITAL PARTNERS: EMPLOYEES OF CAPITALPLUS EXCHANGE WERE SECONDED THROUGH EQUATOR CAPITAL PARTNERS AT COST AND THEREFORE PAYROLL WAS PROCESSED AT THIS COMPANY DURING 2011. EXCHANGE ALSO CONTRACTED FOR ACCOUNTING SERVICES FROM EQUATOR CAPITAL PARTNERS IN 2011. ALL CONTRACTS BETWEEN THESE TWO PARTIES ARE COMPLETED AT ARM'S LENGTH WITH COMPETITIVE BIDS BEING EVALUATED. OTHER INFORMATION PAGE 6, PART VI, LINE 8A THE BOARD OF DIRECTORS HAS AT LEAST TWO (2) IN-PERSON MEETINGS EACH YEAR WITH THE BOARD COMMITTEES MEETING MORE FREQUENTLY. AT EACH MEETING, MINUTES ARE TAKEN AND SUBMITTED TO THE BOARD FOR APPROVAL AT THE SUBSEQUENT MEETING.