2011-08-02T15:13:50-05:00 2010-09-30 RSM MCGLADREY INC 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2009-10-01 521706852 CITIZENS development CORPS inc CITI 2028720933 1420 K Street NW 7th Floor WASHINGTON DC 20005 DEIRDRE WHITE 2028720933 2011-08-02 1 Bill Turco 3012963600 2009 2016-02-24 21:20:13Z DEIRDRE WHITE 1420 K Street NW 7th Floor WASHINGTON DC 20005 7707526 0 X WWW.CDC.ORG X 1990 DE CDC Development Solutions leverages public, private and volunteer resources to strengthen SMEs and the institutions, governments, and industries that drive economic growth in emerging markets. 12 12 31 265 0 0 7046238 7705257 200 226 6239 2043 0 7052677 7707526 446871 341310 0 2395775 2588501 0 15939 3904225 4331769 6746871 7261580 305806 445946 2149370 1963431 2021914 1390029 127456 573402 CDC Development Solutions leverages public, private and volunteer resources to strengthen SMEs and the institutions, governments, and industries that drive economic growth in emerging markets. 1 0 2011825 76636 226 ANGBP2-Angola BP Supplier Training Initiative (STI) ProgramBuild the capacity of Angolan businesses as well as the business support industry to participate more actively and with greater success in the oil industry-as suppliers, consultants, and technical advisors-in order to create jobs, promote skills transfer, and achieve locally-based economic growth; Support the larger goal of making theAngolan economy more self-sufficient and less dependent on outside expertise and resources-using the oil industry as a mechanism for promoting economic growth throughout all sectors of the country. 1907765 IBM Corporate Service Corp InitiativeIBM awarded CDS an open-ended contract to manage the IBM Corporate Service Corp initiative, which sends IBM field employees from around the world to work for 30 days with businesses NGOs, and government agencies in emerging markets. 383121 62515 World Bank Nigeria TourismCDS received a contract from World Bank for the Tourism Value Chain in Cross River Stare, Nigeria. We applies our expertise in working with micro, small and medium sized firms to utilize the power of domestic and international tourism as a tool for broad-based economic growth. Our methodologies, which are encompassed by our Tourism Employment Opportunities (TEMPO) model and supported by our Tourism Products Registry and Tourism Development Corps, create sustainable tourism enterprises and ensure that development is undertaken in a responsible manner that supports small businesses, local communities, cultural heritage, and environmental stewardship. 123343 57781 IFC 137263 60454 JAGDA 2 98710 28667 EG-LNG-MBA 59419 29877 CHEM MBA NIGERIA 160943 NOVARTIS 71348 DOW 31760 6333 PATH-MBA 15757 7000 PATH-MBAWB 5571 1714 GSTA MaLI 16506 CHEM ALBANIA 24848 ANGLNG 11719 4333 CRDF-UKR 23307 HP-ICV-DESIGN 21140 DT-Sum.10 8454 Pfizer-2H-10 9228 6000 Other 819316 202159 5122027 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 23 0 1 31 1 0 1 AO JM NI 0 0 0 0 0 0 0 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 DC X MOUSSA DIOUF 2028720933 1420 K Street NW 7th Floor WASHINGTON DC 20005 LEW W CRAMER 1.00 X X 0 0 0 JIM JAFFE 1.00 X 0 0 0 MICHAEL KERNAN 1.00 X 0 0 0 SANDY BERGER 1.00 X 0 0 0 DANA G MEAD 1.00 X 0 0 0 WILLIAM DELPHOS 1.00 X 0 0 0 PHILIP H MIRVIS 1.00 X 0 0 0 JAMES L HICKMAN 1.00 X 0 0 0 PEDRO RAMOS 1.00 X 0 0 0 SHARI HUBERT 1.00 X 0 0 0 TOM SCHNEIDER 1.00 X 0 0 0 HOLLY WISE 1.00 X 0 0 0 DEIRDRE WHITE 50.00 X 187813 0 21599 MICHAEL LEVETT 50.00 X 123933 0 26199 MOUSSA DIOUF 50.00 X 125594 0 18813 CD GLIN 50.00 X 139227 0 18719 Robert Webster 50.00 X 81571 0 10773 658138 0 96103 4 0 1 0 Alvin Rosenbaum 920 loxford terrace silver spring MD 20901 consulting 218280 1 279624 7425633 7705257 PROGRAM INCOME 900099 226 226 226 2043 2043 7707526 226 0 2043 27841 27841 313469 313469 658139 265605 392534 1278235 777875 500360 56473 29705 26768 476323 250546 225777 119331 62768 56563 830836 616700 214136 628 628 35000 35000 42097 2844 39253 5205 2196 3009 308370 237986 70384 23134 3802 19332 574628 400610 174018 1966473 1798131 168342 84514 34180 50334 3550 3550 29316 29316 135098 70726 64372 OTHER EXPENSES 264131 198254 49938 15939 value added tax 28789 28789 7261580 5122027 2123614 15939 776497 583905 717386 1021623 173847 76428 292963 128172 180200 164791 301440 116684 2149370 1963431 758220 659780 923653 529451 340041 200798 2021914 1390029 X 127456 573402 127456 573402 2149370 1963431 X 0 1 1 X 0 X 4729277 4397986 4447736 7046238 7705257 28326494 4729277 4397986 4447736 7046238 7705257 28326494 13775329 14551165 15733 6239 2043 24015 28350509 310323 0.51330 0.69380 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 147001 28175 118826 145962 99997 45965 164791 FIELD ADVANCES 96192 EMPLOYEE ADVANCES 20492 116684 DEFERRED RENT 200798 200798 7707526 7261580 445946 0 445946 14253110 6545584 6545584 7707526 0 7707526 13807164 6545584 6545584 7261580 0 7261580 Part X: Description of Uncertain Tax Positions Under FIN 48: On October 1, 2009, CDS adopted the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, CDS may recognize the tax benefit from an uncertain tax position only if it is more-likely-than-not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. CDS did not have any net unrelated business income for the year ended September 30, 2010. With few exceptions, CDS is no longer subject to U.S. federal income tax positions by tax authorities for years before 2007. 0 Central America and the Caribbean 1 3 Program services AGRICULTURE 327579 East Asia and the Pacific 1 Program services Training/Corporate Service 1884482 Sub-Saharan Africa 2 26 Program services STI Training/Corporate Service 7670075 South America 1 Program services Training/Corporate Service 1615268 Europe (Including Iceland & Greenland) 1 Program services Training/Corporate Service 1823797 South America Grants to recipients located in region 22261 Europe (Including Iceland & Greenland) Grants to recipients located in region 10667 East Asia and the Pacific Grants to recipients located in region 26261 Sub-Saharan Africa Grants to recipients located in region 221668 Central America and the Caribbean Grants to recipients located in region 32613 3 32 13634671 Central America and the Caribbean Material and Greenhouse Construction 32613 wire transfer Sub-Saharan Africa Tourism Development Program 37500 wire transfer 2 Stipend South America 2 22261 wire Stipend Europe (Including Iceland & Greenland) 3 10666 wire Stipend East Asia and the Pacific 3 26261 wire Stipend Sub-Saharan Africa 17 184168 wIRe Procedure for Monitoring Grants Outside the U.S.: Schedule F, Part I, Line 2: CDS maintains a system of control procedures in addition to accounting policies that have been established to provide reasonable assurance that assets are safeguarded and specific objectives are achieved. 1 Food for the Poor 6401 lyons rd coconut creek FL 33073 592174510 501(c)(3) 27841 Greenhouse Materials and Installation 1 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The Project/Grant Managers are responsible making sure funds are properly expended by reviewing all expenditures related to their projects and make sure that it is according to the project's application before any funds are disbursed. This is accomplished through the review of each document and monthly detail reports, on-site review of the project and the scope of work as outlined in the grant documents and budget. X X 0 0 0 0 0 0 0 0 0 DEIRDRE WHITE 187813 0 0 0 0 0 8219 0 14931 0 210963 0 0 0 MICHAEL LEVETT 123933 0 0 0 0 0 17367 0 10082 0 151382 0 0 0 CD GLIN 139227 0 0 0 0 0 5339 0 14509 0 159075 0 0 0 Form 990, Part III, line 2 New Program Services In June of 2010, Dow Corning awarded CDS a contract to manage its Corporate Service Corp initiative. The $335,110 contract runs through December 2011. Pfizer and CDS enter into a contract worth $312,120 in August of 2010. CDS will be managing Pfizer's Corporate Service Corp initiative. The contract runs through June 2011. In August of 2010, Novartis awarded CDS a contract to design and manage its pilot Corporate Service Corp initiative. The $161,000 contract runs through December 2010 and is expected to be renewed. In March of 2011, FEDEX awarded CDS a contract to design and manage its pilot Corporate Service Corp initiative. The $158,000 contract runs through July 2012 and is expected to be renewed. In May of 2011, Pepsi Co awarded CDS a contract to design and manage its pilot Corporate Service Corp initiative. The $108,000 contract runs through December 2011 and is expected to be renewed. In April of 2011, USAID awarded CDS a contract to establish a virtual Center of Excellence for International Corporate Volunteerism (CEICV). The new partnership will help increase the number of employee volunteers at U.S.-based corporations by providing meaningful assistance to local governments, small businesses, and civic groups in emerging markets abroad. The $743,076 contract runs through April 2013. Form 990, Part VI, Section B, line 11 Prior to filing the Form 990, it is sent to the President & COO, Deirdre White and the CEO & Vice Chair of the Board, Michael Levett, for their revision. Other members of the Board are provided an electronic copy of the full Form 990 and an opportunity to comment on it. Form 990, Part VI, Section B, line 12c Management and Board members are asked to disclose any business and/or family relationships with other members of the organization and clients. Once disclosed, the other members would then determine whether or not, a potential conflict of interest exists. If it is determined that such conflict exist, a course of action is taken. Form 990, Part VI, Section B, line 15 The compensation of the president and other employees is reviewed annually. CEO & Vice Chair of the Board, Michael Levett's salary is approved by the Board. Each December, The Executive Team comprised of, the President & COO, CEO & Vise Chair of the Board, Vice President and CFO meet to establish the guidelines for compensation for the coming year. The compensation package is a combination of salary increase and bonuses. Salary increase is based on individual performance in achieving the company goals and salary guide for the industry. Bonus pay is based on the company's financial performance and the individual's contribution towards meeting the financial goal. During this process, The Executive Team takes in and goes over each annual performance review and updated job descriptions for each position and compares them to market data to ensure a competitive pay for all employees. Each December, The Executive Team comprised of, the President & COO, CEO & Vise Chair of the Board, Vice President and CFO meet to establish the guidelines for compensation for the coming year. The compensation package is a combination of salary increase and bonuses. Salary increase is based on individual performance in achieving the company goals and salary guide for the industry. Bonus pay is based on the company's financial performance and the individuals contribution towards meeting the financial goal. During this process, The Executive Team goes over each annual performance review and updated job descriptions for each position and compares them to market data to ensure a competitive pay for all employees. Form 990, Part VI, Section C, line 18 CDC Development Solutions, Inc. makes this information available to the public upon request. Form 990, Part VI, Section C, line 19 CDC Development Solutions, Inc. makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.