2012-11-15T09:02:24-06:00 2011-12-31 135381590 BDO USA LLP 7101 WISCONSIN AVE SUITE 800 BETHESDA MD 208144827 990 2011-01-01 132535763 ACCION INTERNATIONAL ACCI 6176257080 56 ROLAND STREET NO 300 BOSTON MA 02129 LIVINGSTON PARSONS III 6176257080 2012-11-15 1 JOYCE M UNDERWOOD P00022361 3016544900 2011 2016-02-24 21:20:13Z MICHAEL SCHLEIN 56 ROLAND STREET NO 300 BOSTON MA 02129 17104243 0 X WWW.ACCION.ORG X 1965 NY TO ASSIST IN THE IMPROVEMENT OF SOCIAL, ECONOMIC, AND CULTURAL CONDITIONS IN THE WORLD. 20 19 135 25 0 0 7407229 7047083 1590519 5370935 46563982 3650739 1797741 -257987 57359471 15810770 3972327 5306314 0 0 14971179 13983948 164182 150799 2564766 9370720 9777357 28478408 29218418 28881063 -13407648 423755108 325647440 8926274 8543862 414828834 317103578 X TO GIVE PEOPLE THE FINANCIAL TOOLS THEY NEED TO IMPROVE THEIR LIVES. 0 1 13526153 5289251 863575 GLOBAL PROGRAMS AND MICROLENDING: ACCION IS AN INNOVATOR IN FINANCIAL ACCESS, DEVELOPING MANY OF THE BEST PRACTICES AND EMERGING STANDARDS IN THE INDUSTRY. IT PROVIDES A FULL RANGE OF MANAGEMENT SERVICES, INVESTMENT AND GOVERNANCE SUPPORT TO HELP FINANCIAL INSTITUTIONS TO BUILD INSTITUTIONAL CAPACITY, PROVIDE DIVERSIFIED HIGH-QUALITY FINANCIAL SERVICES, BECOME FINANCIALLY SUSTAINABLE AND REACH MEANINGFUL SCALE. ACCION CURRENTLY PARTNERS WITH 29 MICROFINANCE INSTITUTIONS (MFIS) IN 21 COUNTRIES ON 4 CONTINENTS. IN ADDITION, ACCION OWNS AND OPERATES TWO MFIS - ONE IN CHINA AND ONE IN BRAZIL. AT THE END OF 2011, ACCION'S NETWORK OF PARTNER MFIS WERE SERVING 5.1 MILLION BORROWERS WITH AN ACTIVE LOAN PORTFOLIO OF $5.5 BILLION AND SAVINGS ACCOUNTS VALUED AT MORE THAN $2.1 BILLION. 2700093 3889323 GLOBAL INVESTMENTS: ACCION PROVIDES EARLY-STAGE EQUITY, QUASI-EQUITY FINANCING AND LOAN GUARANTEES TO HELP MFIS BECOME INDEPENDENT OF DONOR FUNDS, BUILD THEIR CAPITAL BASE, ATTRACT DEPOSITS AND ATTAIN FINANCIAL LEVERAGE TO EXPAND THEIR REACH. ACCION ALSO EXTENDS STANDBY LETTERS OF CREDIT TO MICROFINANCE INSTITUTIONS THROUGH ITS GLOBAL BRIDGE PROGRAM. IN ADDITION, ACCION'S FRONTIER INVESTMENTS GROUP, FOUNDED IN 2008, MAKES EQUITY INVESTMENTS IN NON-MFI COMPANIES THAT PRODUCE TECHNOLOGIES, PRODUCTS AND SERVICES THAT WILL RADICALLY ENHANCE THE EFFICIENCY, REACH AND SCOPE OF PRODUCTS AND SERVICES FOR THE UNBANKED. 3085406 619097 CENTER FOR FINANCIAL INCLUSION: IN 2008, ACCION LAUNCHED THE CENTER FOR FINANCIAL INCLUSION TO FOSTER CREATIVE SOLUTIONS TO THE CRITICAL CHALLENGES OF MICROFINANCE BY COLLABORATING WITH MICROFINANCE INSTITUTIONS, INTERNATIONAL NETWORKS, REGULATORS, INVESTORS AND THE PRIVATE SECTOR TO PRODUCE IDEAS, RESEARCH, AND PUBLIC CAMPAIGNS. AMONG ITS MANY PROJECTS, THE CENTER FOR FINANCIAL INCLUSION ALSO SERVES AS THE SECRETARIAT OF THE SMART CAMPAIGN, A GLOBAL EFFORT TO KEEP CLIENTS AS THE DRIVING FORCE OF THE MICROFINANCE INDUSTRY. TO DATE, MORE THAN 3,185 SIGNATORIES - CONSISTING OF MFIS, NETWORKS, ASSOCIATIONS, DONORS, INVESTORS, SUPPORTING ORGANIZATIONS AND INDIVIDUALS - HAVE ENDORSED THE CAMPAIGN AND PLEDGED TO INCORPORATE THE CLIENT PROTECTION PRINCIPLES THROUGHOUT THE INDUSTRY. 1934654 EDUCATION AND COMMUNICATIONS: THE COMMUNICATIONS DEPARTMENT SUPPORTS ACCION'S STRATEGIC OBJECTIVES BY PROMOTING AWARENESS OF ACCION'S WORK AND EDUCATING THE PUBLIC ABOUT ITS MISSION. 1934654 21246306 1 1 0 1 0 0 0 0 0 0 1 0 1 0 0 1 0 1 0 1 1 1 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 X 191 0 1 135 1 0 1 GH MP BR MX PM IN CH 0 0 0 0 0 0 0 0 X 20 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 1 1 AL AK AZ AR CA CT FL GA IL IN KS KY ME MD MA MI MN MS NH NJ NM NY OH OK OR PA RI SC TN VA WA WI X X LIVINGSTON PARSONS III CFO 6176257080 56 ROLAND STREET NO 300 BOSTON MA 02129 X DIANA TAYLOR 0.50 X X 0 0 0 GUSTAVO HERRERO 0.50 X X 0 0 0 BARBARA LUCAS 0.50 X X 0 0 0 RUSSELL FAUCETT 0.50 X X 0 0 0 ANNE STETSON 0.50 X X 0 0 0 THOMAS BARRY 0.50 X 0 0 0 NANCY BIRDSALL 0.50 X 0 0 0 TITUS BRENNINKMEIJER 0.50 X 0 0 0 AMY BUTTE 0.50 X 0 0 0 RICARDO HAUSMANN 0.50 X 0 0 0 JOSEPH HILL 0.50 X 0 0 0 TARA KENNEY 0.50 X 0 0 0 HENRY MILLER 0.50 X 0 0 0 DAVID PIERCE 0.50 X 0 0 0 MARGARET EKUA PRAH 0.50 X 0 0 0 ALVARO RODRIGUEZ ARREGUI 0.50 X 0 0 0 GABRIEL ROZMAN 0.50 X 0 0 0 ROY SOSA 0.50 X 0 0 0 ROBERT STRASSLER 0.50 X 0 0 0 MICHAEL SCHLEIN 35.00 X X 416916 0 26521 ESTEBAN ALTSCHUL 35.00 X 343957 0 27886 SUSAN CLANCY 35.00 X 16494 0 1660 LIVINGSTON PARSONS III 35.00 X 226286 0 37975 KEVIN SAUNDERS 35.00 X 104661 0 11758 ELLEN BAUER 35.00 X 45238 0 8799 ROY JACOBOWITZ 35.00 X 181491 0 34867 CATHERINE QUENSE 35.00 X 210201 0 39216 ELIZABETH RHYNE 35.00 X 224202 0 13750 MARY CHAFFIN 35.00 X 224993 0 91 BRIAN KUWIK 35.00 X 238809 0 16224 DIEGO GUZMAN 4.00 X 79380 128092 0 ENRIQUE FERRARO 0.00 X 0 252946 21702 JOHN FISCHER 0.00 X 0 187896 26376 2312628 568934 266825 31 1 1 0 IDEON INC 685 WEST END AVE NEW YORK NY 10025 COMMUNICATION CONSULTING 192300 HOGAN LOVELLS US LLP 555 THIRTEENTH STREET NW WASHINGTON DC 200041109 LEGAL SERVICES 164677 HIGH STREET PARTNER INC 31 ST JAMES AVENUE SUITE 301 BOSTON MA 02116 INTERNATIONAL BUSINESS 158374 ROSITA NAJMI 1077 30TH ST NW APT 207 WASHINGTON DC 20007 BUSINESS CONSULTING 138348 JOHANNES MANDORFF SCHLIEMANN STR 33 10437 BERLIN GM BUSINESS CONSULTING 130700 8 40852 966195 208048 5831988 246905 7047083 DIVIDENDS INV MGMT 523920 3847615 3847615 CONTRACT REVENUE 541900 837174 837174 CONFERENCE FEES 900099 354675 354675 MEMBERSHIP FEES 541900 263362 263362 HONORARIUM,BD REP FEES 900099 68109 68109 5370935 3551546 3551546 1060 1060 152342 0 152342 152342 152342 623060 523867 99193 99193 99193 197630 966195 765723 -568093 -568093 769 3883 -3114 -3114 SHARED SERVICES FEES 541900 159818 159818 159818 15810770 5371995 0 3391692 775050 775050 4531264 4531264 2806096 1297003 1277518 231575 8556535 6067660 1474064 1014811 453705 203181 158893 91631 1267464 652606 430524 184334 900148 538954 239635 121559 536744 316592 220152 260993 129701 131292 150799 150799 105059 105059 2378257 2112936 138941 126380 449247 267856 12596 168795 726897 292947 263559 170391 254354 95948 109975 48431 1189613 540676 520761 128176 1799709 1532600 177423 89686 790941 804642 9790 -23491 161021 161021 171007 57909 78885 34213 61044 23106 29859 8079 FOREIGN TAXES WITHHELD 418758 406492 12266 PENALTIES 230953 230953 MISCELLANEOUS 155177 155177 BANK CHARGES, WIRE FEES 128133 67489 37501 23143 -40550 -15457 -21347 -3746 29218418 21246306 5407346 2564766 35549185 6118015 111454334 116842736 6100391 5358864 563595 733083 903801 4831934 3996 113 872387 785521 1430400 1058433 239537 371967 8245939 7337082 259695265 183112132 126678 155993 423755108 325647440 1384932 2353334 770338 233341 6771004 5957187 8926274 8543862 X 403311178 308364377 11517656 8739201 414828834 317103578 423755108 325647440 X -13407648 -84317608 X X 1 1 1 X 0 X 5041969 8187910 10402929 7407229 7047083 38087120 5041969 8187910 10402929 7407229 7047083 38087120 10881365 27205755 3808342 2902377 3125863 2523898 3703888 16064368 151364 159818 311182 54462670 25322115 0.49950 0.43350 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SHARED SERVICES FEES RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 1 8000 1 500 0 0 0 0 1 7700 16200 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: EMPLOYEE TIME ALLOCATION AND CONSULTING SERVICES 148446 140906 7540 609600 510817 98783 672354 406710 265644 371967 ACCION INVESTMENTS IN MICROFINANCE, SPC (SEE SCHEDULE O) 25807293 C COMPARTAMOS 113348877 F OTHER PROGRAM RELATED INVESTMENTS 43955962 C 183112132 15810770 29218418 -13407648 -90443772 6126164 -84317608 -97725256 -68029463 -90443772 1400758 5202781 -83840233 15810770 0 15810770 31388782 1400758 769606 2170364 29218418 0 29218418 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: ACCION ADOPTED THE PROVISIONS OF ASC 740, INCOME TAXES EFFECTIVE JANUARY 1, 2009. AS REQUIRED BY ASC 740-10, ACCION RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. FOR TAX POSITIONS MEETING THE MORE-LIKELY-THAN-NOT THRESHOLD, THE AMOUNT RECOGNIZED IN THE FINANCIAL STATEMENTS IS THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAX AUTHORITY. AT JANUARY 1, 2009, ACCION APPLIED ASC 740 TO ALL TAX POSITIONS FOR WHICH THE STATUTE OF LIMITATIONS REMAINED OPEN AND DETERMINED THESE WERE NO MATERIAL UNRECOGNIZED TAX POSITIONS AS OF THAT DATE. IN ADDITION, THERE HAVE BEEN NO MATERIAL CHANGES IN UNRECOGNIZED BENEFITS FROM JANUARY 1, 2009 TO DECEMBER 31, 2011. MANAGEMENT BELIEVES THAT ITS TAX RETURNS FOR YEARS ENDING PRIOR TO DECEMBER 31, 2008 ARE NO LONGER SUBJECT TO EXAMINATION BY TAX AUTHORITIES IN ITS MAJOR TAX JURISDICTIONS. PART XI, LINE 8 - OTHER ADJUSTMENTS: EQUITY IN INCOME OF EQUITY INVESTMENTS 4,390,884. CURRENCY GAIN ON CONSOLIDATION 42,291. AFFILIATE ADJUSTMENTS 1,692,989. TOTAL TO SCHEDULE D, PART XI, LINE 8: 6,126,164. PART XII, LINE 2D - OTHER ADJUSTMENTS: EQUITY IN INCOME OF EQUITY INVESTMENTS 4,390,884. COST OF GOODS SOLD 3,883. CURRENCY LOSS ON CONSOLIDATION 42,291. SPECIAL EVENTS COSTS INCLUDED IN INCOME 765,723. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS COSTS INCLUDED IN INCOME 765,723. COST OF GOODS SOLD 3,883. 1 CENTRAL AMERICA AND THE CARIBBEAN 8 0 PROGRAM SERVICES MICROFINANCE-TECHNICAL ASSISTANCE AND EDUCATION 421000 CENTRAL AMERICA AND THE CARIBBEAN PROGRAM INVESTMENTS 28487000 EAST ASIA AND THE PACIFIC 13 1 PROGRAM SERVICES MICROFINANCE-TECHNICAL ASSISTANCE AND EDUCATION 1191000 EAST ASIA AND THE PACIFIC PROGRAM INVESTMENTS 5008000 EUROPE 0 0 PROGRAM SERVICES MICROFINANCE-TECHNICAL ASSISTANCE AND EDUCATION 4000 EUROPE PROGRAM INVESTMENTS 1200000 NORTH AMERICA 1 0 PROGRAM SERVICES MICROFINANCE-TECHNICAL ASSISTANCE AND EDUCATION 421000 NORTH AMERICA PROGRAM INVESTMENTS 113349000 SOUTH AMERICA 101 2 PROGRAM SERVICES MICROFINANCE-TECHNICAL ASSISTANCE AND EDUCATION 8316000 SOUTH AMERICA PROGRAM INVESTMENTS 21302000 SOUTH ASIA 15 1 PROGRAM SERVICES MICROFINANCE-TECHNICAL ASSISTANCE AND EDUCATION 1839000 SOUTH ASIA PROGRAM INVESTMENTS 4713000 SUB-SAHARAN AFRICA 23 1 PROGRAM SERVICES MICROFINANCE-TECHNICAL ASSISTANCE AND EDUCATION 2539000 SUB-SAHARAN AFRICA PROGRAM INVESTMENTS 2775000 22 1 139 4 161 5 150081000 41484000 191565000 SOUTH AMERICA FUNDING FIELD OPERATIONS 3424118 WIRE TRANSFER SOUTH ASIA FUNDING FIELD OPERATIONS 800000 WIRE TRANSFER SOUTH ASIA PROGRAM ASSISTANCE 46000 WIRE TRANSFER SOUTH AMERICA PROGRAM ASSISTANCE 17063 WIRE TRANSFER SOUTH AMERICA PROGRAM ASSISTANCE 244083 WIRE TRANSFER 5 0 1 0 1 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: ACCION'S ACCOUNTING AND RESOURCE DEVELOPMENT DEPARTMENTS OVERSEE THE RECEIPT, DISTRIBUTION AND USE OF GRANT FUNDS, AND PROVIDE DONORS WITH DETAILED REPORTS BASED THEREON. X X X X X X X 1 ARIA COMMUNICATIONS CORPORATION 717 W SAINT GERMAIN STREET SAINT CLOUD MN 563013534 TELEMARKETING FUNDRAISING 0 3620 5792 -2172 M&R STRATEGIC SERVICES 1901 L STREET NW SUITE 800 WASHINGTON DC 20036 ONLINE FUNDRAISING COUNSEL 0 0 71207 -71207 LAUTMAN MASKA NEILL & COMPANY 1730 RHODE ISLAND AVENUE NW SUITE WASHINGTON DC 20036 DIRECT MAIL COUNSEL 0 0 73800 -73800 3620 150799 -147179 AL AK AZ AR CA CO CT DC FL GA IL KS KY LA ME MD MA MI MN MS MO ND NH NJ NM NY NC OH OR PA RI SC TN VA WA WV WI GALA 1130070 934420 195650 4553 115637 34104 572334 MICROBIKE 33755 31775 1980 2147 36948 1163825 966195 197630 2147 4553 115637 34104 609282 765723 -568093 1 ACCION USA 115 EAST 23RD STREET 7TH FLOOR NEW YORK NY 10010 113317234 501(C)(3) 525000 PROGRAM ASSISTANCE ACCIONTHE US NETWORK 45 MAIN STREET SUITE 816 BROOKLYN NY 11201 454127501 501(3)(C) PENDING 250000 PROGRAM ASSISTANCE 2 1 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ACCION'S ACCOUNTING AND RESOURCE DEVELOPMENT DEPARTMENTS OVERSEE THE RECEIPT, DISTRIBUTION AND USE OF GRANT FUNDS, AND PROVIDE DONORS WITH DETAILED REPORTS BASED THEREON. X X X 1 1 X X X X X X 0 0 0 0 0 0 0 1 0 MICHAEL SCHLEIN 415857 0 0 0 1059 0 0 0 26521 0 443437 0 0 0 ESTEBAN ALTSCHUL 282147 0 0 0 61810 0 12250 0 15636 0 371843 0 0 0 LIVINGSTON PARSONS III 189722 0 14000 0 22564 0 18314 0 19661 0 264261 0 0 0 ROY JACOBOWITZ 167016 0 0 0 14475 0 15606 0 19261 0 216358 0 0 0 CATHERINE QUENSE 195909 0 0 0 14292 0 21115 0 18101 0 249417 0 0 0 ELIZABETH RHYNE 201800 0 0 0 22402 0 13750 0 0 0 237952 0 0 0 MARY CHAFFIN 201370 0 0 0 23623 0 11330 0 -11239 0 225084 0 0 0 BRIAN KUWIK 153375 0 26454 0 58980 0 0 0 16224 0 255033 0 0 0 DIEGO GUZMAN 79380 128092 0 0 0 0 0 0 0 0 79380 128092 0 0 ENRIQUE FERRARO 0 161014 0 88000 0 3932 0 2330 0 19372 0 274648 0 0 JOHN FISCHER 0 132668 0 49000 0 6228 0 8983 0 17393 0 214272 0 0 PART I, LINE 1A HOUSING ALLOWANCE, TAX INDEMNIFICATION AND ONCE A YEAR HOME LEAVE FOR EMPLOYEES AND THE MEMBERS OF THEIR FAMILIES WERE PROVIDED TO ESTEBAN ALTSCHUL AND BRIAN KUWIK AS PART OF AN EXPATRIATE BENEFIT PACKAGE DURING THEIR TEMPORARY ASSIGNMENT TO A FOREIGN OFFICE. PART I, LINE 1B THESE EXPENSES FALL WITHIN THE COMPENSATION REVIEW AND APPROVAL POLICY. PART I, LINE 7 THE CEO HAS THE AUTHORITY TO AWARD PERFORMANCE RELATED BONUSES WITHIN REASONABLE COMPENSATION LIMITATIONS, AND LIVINGSTON PARSONS RECEIVED SUCH AN AWARD FOR HIS SERVICES AS INTERIM CFO IN 2011. X MS SOFTWARE 1 246905 FMV 0 1 0 CHANGES IN PROGRAM SERVICES FORM 990, PART III, LINE 3 ACCION INVESTMENT MANAGEMENT COMPANY, LLC IS NO LONGER A DISREGARDED ENTITY, AND BECAUSE OF THIS, ITS ACTIVITIES ARE NO LONGER ATTRIBUTED TO ACCION INTERNATIONAL. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE HAS BEEN DELEGATED AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS SUBJECT TO SUBSEQUENT RATIFICATION BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO THE FILING OF THE FORM 990, THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS RECEIVES THE FORM 990 FOR REVIEW AND APPROVAL. EACH MEMBER OF THE BOARD OF DIRECTORS SUBSEQUENTLY RECEIVES A COPY OF THE REVEIWED FORM 990 BEFORE ACCION FILES IT WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ACCION INTERNATIONAL'S CONFLICT OF INTEREST POLICY REQUIRES ANNUAL DISCLOSURE OF ACTUAL OR POTENTIAL CONFLICTS OF INTEREST, INCLUDING ALL TRANSACTIONS, FINANCIAL INTERESTS, CONTRACTS, OR POSITIONS, CONDUCTED OR HELD BY THE OFFICER, DIRECTOR, OR KEY EMPLOYEE OR IMMEDIATE MEMBER OF HIS/HER FAMILY, WITH ANY BUSINESSES, CORPORATIONS, PARTNERSHIPS, PROPRIETORSHIPS THAT CARRY OUT ANY BUSINESS ACTIVITIES WITH ACCION INTERNATIONAL OR ANY OF ITS SUBSIDIARIES,INVESTEES, AFFILIATES OR OTHER PERSONS OR INSTITUTIONS IN ANY RELATED TO ACCION INTERNATIONAL. IN ADDITION TO THE ANNUAL DISCLOSURE REQUIREMENT, OFFICER, DIRECTORS, AND KEY EMPLOYEES MUST ALSO DISCLOSE ANY POTENTIAL OR REAL CONFLICT OF INTEREST AS THEY ARISE. EACH REAL OR POTENTIAL CONFLICT MUST BE EVALUATED BY INDEPENDENT, DISINTERESTED DIRECTORS SERVING ON THE "AUDIT AND COMPLIANCE" COMMITTEE OF THE BOARD OF DIRECTORS, AND IF A REAL OR POTENTIAL CONFLICT OF INTEREST IS DETERMINED TO EXIST, THAT CONFLICT SITUATION MUST BE DETERMINED TO BE FAIR AND REASONABLE TO THE CORPORATION AND THUS WAIVED BEFORE THE AFFECTED OFFICER, DIRECTOR, OR KEY EMPLOYEE MAY PROCEED. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR OFFICERS (INCLUDING THE CEO) AND KEY EMPLOYEES MUST BE APPROVED BY THE APPROPRIATE COMMITTEE OF THE BOARD OF DIRECTORS AFTER CONSIDERATION OF DATA PROVIDED BY THIRD PARTY EXPERTS WHICH INDICATES COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. THE BOARD COMMITTEE WILL MAINTAIN CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENTS FORM 990, PART VI, SECTION C, LINE 19 ACCION INTERNATIONAL'S AUDITED FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. RECORD RETENTION POLICY FORM 990, PART VI, SECTION B, LINE 14 ACCION HAS DEVELOPED A WRITTEN RECORD RETENTION POLICY AND HAS BEGUN ITS IMPLEMENTATION. FORM 990, PART VII, SECTION A, COLUMN B AVERAGE HOURS FOR RELATED ORGANIZATION: FUNDACION CENTRO ACCION MICROEMPRESARIAL HOURS NAME 36.0 DIEGO GUZMAN CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -90,443,772. EQUITY IN INCOME OF EQUITY INVESTMENTS 4,390,884. CURRENCY GAIN ON CONSOLIDATION 42,291. AFFILIATE ADJUSTMENTS 1,692,989. TOTAL TO FORM 990, PART XI, LINE 5: -84,317,608. FINANCIAL STATEMENTS: FORM 990, PART XI, LINE 2B ACCION INTERNATIONAL'S FINANCIAL STATEMENTS ARE AUDITED AND PRESENTED ON A CONSOLIDATED BASIS, INCLUDING FOREIGN ENTITIES IN COLOMBIA, INDIA, CHINA, BRAZIL AND MAURITIUS. THE U.S. ORGANIZATION'S FINANCIALS AS REFLECTED FOR TAX PURPOSES ON A STAND-ALONE BASIS ARE NOT SEPARATELY AUDITED. OVERSIGHT OF AUDIT: FORM 990, PART XI, LINE 2C THERE WAS NO CHANGE IN THE AUDIT OVERSIGHT PROCESS FROM THE PRIOR YEAR. ACCION GATEWAY FUND LLC 56 ROLAND ST STE 300 BOSTON MA 02129 PROGRAM RELATED INVESTMENT MA 3048548 135000324 N/A ACCION AFRICA ASIA INVESTMENT COMPANY IFS COURT TWENTYEIGHT CYBERCITY EBENE MP PROGRAM RELATED INVESTMENT MP 3306765 ACCION GATEWAY FUND LLC ACCION TECHNICAL ADVISORS INDIA NO 9/3 KAISER-E-HIND3RD FLOOR-RI BANGALORE IN 560025 TECHNICAL ASSISTANCE & EDUCATION RELATED TO MICROFINANCE IN SECTION 25 COMPANY N/A 1 FUNDACION CENTRO ACCION MICROEMPRESARIAL CARRERA 45 128B-41 CENTRO COMMERC BOGOTA D.C. CO TECHNICAL ASSISTANCE AND EDUCATION RELATED TO MICROFINANCE CO FUNDACION N/A 1 CHIFENG CITY YUANBAOSHAN DISTRICT ACCION MICRO-CREDIT COMPANY LTD 9TH FLOOR HONGXING BUILDING ZHAOWU CHIFENG HONGSHAN DISTRICT CH 24000 PROVISION OF FINANCIAL SERVICES TO MICROENTREPRENEURS CH ACCION GATEWAY FUND LLC 1216893 7021364 1.00000 ACCION (BEIJING) CONSULTATION SERVICES CO LTD ROOM 606 3RD BLOCK WANDA PLAZA N BEIJING CHAOYANG CH TECHNICAL ASSISTANCE AND EDUCATION RELATED TO MICROFINANCE CH N/A 1093589 61521 1.00000 ACCION MICROFINANCAS SOCIEDADE DE CREDITO AVENIDA DJALMA BATISTA 946-SALA 8 MANAUS AMAZONAS BR PROVISION OF FINANCIAL SERVICES TO MICROENTREPRENEURS BR ACCION GATEWAY FUND LLC 452682 2498822 0.73000 ACCION INVESTMENT MANAGEMENT CO LLC 56 ROLAND STREET SUITE 300 BOSTON MA 02129 043322187 INVESTMENT MANAGEMENT DE ACCION INTERNATIONAL C 1184238 102866 1.00000 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 FUNDATION CENTRO ACCION MICROEMPRESARIAL B 3424118 FMV ACCION TECHNICAL ADVISORS INDIA B 800000 FMV CHIFEN CITY YUANBAOSHAN DISTRICT ACCION MICRO-CREDIT COMPANY LTD D 1700000 FMV ACCION MICROFINANCAS SOCIEDADE DE CREDITO AO MICROEMPREENDEDOR E A EMPRESA D 886504 FMV ACCION INVESTMENT MANAGEMENT CO LLC P 151669 FMV FUNDATION CENTRO ACCION MICROEMPRESARIAL P 180121 FMV ACCION INVESTMENT MANAGEMENT CO LLC O 22461 FMV FUNDATION CENTRO ACCION MICROEMPRESARIAL O 22026 FMV ACCION (BEIJING) CONSULTATION SERVICES CO LTD O 799438 FMV CHIFEN CITY YUANBAOSHAN DISTRICT ACCION MICRO-CREDIT COMPANY LTD P 122871 FMV ACCION MICROFINANCAS SOCIEDADE DE CREDITO AO MICROEMPREENDEDOR E A EMPRESA P 16871 FMV ACCION AFRICA ASIA INVESTMENTS COMPANY B 3173353 FMV NAME OF ORGANIZATION SCH R, PART IV, COLUMN A THE FULL NAME OF THE LAST ORGANIZATION LISTED ON SCHEDULE R, PART IV IS "ACCION MICROFINANCAS SOCIEDADE DE CREDITO AO MICROEMPREENDEDOR E A EMPRESA DE PEQUENO PORTE, SA".