2011-11-15T17:13:26-06:00 2010-12-31 LINDQUIST VON HUSEN & JOYCE LLP 90 NEW MONTGOMERY ST 11TH FLOOR SAN FRANCISCO CA 94105 990 2010-01-01 201663266 INVENEO INC INVE 4159011969 972 MISSION STREET 5TH FLOOR SAN FRANCISCO CA 94103 MARK SUMMER 4159011969 2011-11-15 1 ALEXIS H WONG 4159579999 2010 2016-03-07 17:11:31Z KRISTIN PETERSON 972 MISSION STREET 5TH FLOOR SAN FRANCISCO CA 94103 3790065 0 X WWW.INVENEO.ORG X 2004 CA INVENEO PROVIDES EXPERT GUIDANCE FOR IMPLEMENTING HIGHLY SUSTAINABLE INFORMATION AND COMMUNICATIONS TECHNOLOGY (ICT) PROJECTS TO NON-GOVERNMENTAL AND GOVERNMENTAL ORGANIZATIONS IN DEVELOPING COUNTRIES, INCLUDING HAITI AND MANY COUNTRIES IN AFRICA AND SOUTH ASIA, SO THAT THESE ORGANIZATIONS CAN USE ICT TO MORE EFFECTIVELY DELIVER EDUCATION, HEALTHCARE, ECONOMIC DEVELOPMENT AND RELIEF PROGRAMS. 6 3 15 25 0 0 987852 2575762 352466 308343 0 0 126686 345989 1467004 3230094 0 0 0 0 811536 849026 0 0 113626 714746 1119922 1526282 1968948 -59278 1261146 1305397 1890142 1018953 232089 286444 1658053 X TO GET THE TOOLS OF INFORMATION AND COMMUNICATIONS TECHNOLOGY (ICTS) - COMPUTING AND INTERNET ACCESS - OUT TO PEOPLE AND ORGANIZATIONS WHO NEED IT MOST IN RURAL AND HIGHLY UNDERSERVED AREAS IN THE DEVELOPING WORLD. 0 0 840292 199769 ICIP PROGRAMS: TRAIN AND PARTNER WITH ICT PROFESSIONALS ACROSS AFRICA, SOUTH ASIA AND HAITI THROUGH ITS INVENEO CERTIFIED ICT PARTNER (ICIP) PROGRAM. WE DELIVER A FORMAL TRAINING AND CERTIFICATION PROCESS TO EMPOWER 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. INVENEO RECRUITS, VETS, TRAINS, CERTIFIES AND ENTERS INTO LONG TERM PARTNERSHIPS WITH LOCAL PARTNERS (ICIPS). TYPICALLY, THESE ICIPS ARE TECHNICAL PROFESSIONALS AND SMALL BUSINESS ENTREPRENEURS. 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. ALSO, THIS APPROACH IMPROVES LOCAL EXPERTISE, OPENS NEW MARKET EXPERTISE FOR THE ENTREPRENEURS AND HELPS BUILD THE LOCAL ICT ECONOMY. HAITI CONNECTED CITIES AND CONNECTED SCHOOLS PROGRAM 2010-2012: THROUGH THE HAITI CONNECTED CITIES PROGRAM, INVENEO IS LEADING AN EFFORT TO DELIVER A FINANCIALLY SUSTAINABLE BROADBAND SERVICES MODEL TO 6 REGIONS AND 20 POPULATION CENTERS IN RURAL HAITI. THIS EFFORT INCLUDES PARTNERING WITH LOCAL SERVICE PROVIDERS, DEPLOYING A SHARED BROADBAND NETWORK, TRAINING LOCAL YOUTH TO DELIVER BROADBAND THROUGH A PROGRAM CALLED BATI. THROUGH THE CONNECTED SCHOOL PROGRAM, INVENEO IS PARTNERING WITH MICROSOFT, HP, WORLD VISION AND VOILA TO DELIVER 40 SOLAR-POWERED COMPUTER LABS IN RURAL SCHOOLS THAT WILL BE CONNECTED TO THE BROADBAND NETWORK. 622744 398947 DIRECT SERVICES: INVENEO PROVIDES EXPERT GUIDANCE FOR IMPLEMENTING HIGHLY 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 ITS END-USERS TO DESIGN COMPUTING, LOCAL AREA AND WIDE AREA NETWORKING SOLUTIONS. WE ASSESS THE CURRENT ENVIRONMENT, INCLUDING FACILITIES, POWER, CONNECTIVITY AS OTHER FACTORS LIKE USER KNOW HOW AND SECURITY. WE IDENTIFY APPROACHES THAT ADDRESS CHALLENGES SUCH AS UNDEPENDABLE ELECTRICITY, TIGHT OPERATING BUDGETS AND LACK OF SUPPORT RESOURCES. WE MAKE RECOMMENDATIONS THAT INCLUDE HARDWARE, SOFTWARE, POWER, IMPLEMENTATION AND SUPPORT, MOST OFTEN IN PARTNERSHIP WITH OUR ICIPS NOTED ABOVE. 210948 0 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. 0 8274 OTHER MISCELLANEOUS PROGRAMS: 8274 1673984 1 1 0 0 0 0 0 1 0 1 0 0 1 1 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 12 0 1 15 1 0 0 0 0 0 0 0 0 0 0 X 6 3 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 60000 0 9897 KRISTIN PETERSON 40.00 X X 75000 0 12371 MARK SUMMER 40.00 X X 75000 0 12371 210000 0 34639 0 0 0 0 0 2575762 228575 2575762 CONSULTING 541519 308343 308343 308343 47342 47342 47342 47342 853956 559971 293985 293985 MISCELLANEOUS INCOME 541519 4662 4662 4662 3230094 606990 0 47342 202221 150705 19578 31938 526593 425660 65717 35216 64612 49847 9557 5208 55600 43320 7223 5057 54498 50860 1221 2417 19828 2798 16719 311 96469 85691 4439 6339 3517 547 2970 385491 347546 32823 5122 112944 107624 3443 1877 219354 198185 6291 14878 8356 3149 3614 1593 7014 7014 10636 9614 657 365 2235 1727 344 164 PARTS AND HARDWARE 97869 97076 793 0 PROGRAM SUPPLIES & EQUI 72828 72828 0 0 MISCELLANEOUS 16089 15279 682 128 RESEARCH & DEVELOPMENT 12238 11753 485 0 MEMBERSHIP DUES 556 322 191 43 1968948 1673984 181338 113626 938284 724240 924688 77122 3866 267135 82416 6764 6309 60854 27058 16092 33796 0 114827 1305397 1890142 508274 89951 9600 501079 142138 1018953 232089 X -520797 -448050 807241 2106103 286444 1658053 1305397 1890142 X 1261146 110463 X X 0 1 1 X 0 X 131459 1003273 502642 987952 2575762 5201088 212657 900381 877789 975151 1162299 4128277 344116 1903654 1380431 1963103 3738061 9329365 77481 917000 500000 835000 2329481 0 77481 917000 500000 835000 2329481 6999884 970 5119 6089 970 5119 6089 2520 10874 52004 65398 344116 1904624 1388070 1973977 3790065 9400852 0.74460 0.58600 0.00060 0.11000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 114827 114827 0 10395 4639 5756 30459 18530 11929 20000 3889 16111 33796 RESTRICTED CASH-FISCAL SPONSORSHIP 114827 114827 CUSTOMER DEPOSITS 138383 SECURITY DEPOSITS 3755 142138 3230094 1968948 1261146 110463 110463 1371609 3230094 0 3230094 0 3230094 1968948 0 1968948 0 1968948 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. THERE WERE NO ADMINISTRATIVE FEES EARNED FOR THE FISCAL YEAR ENDED DECEMBER 31, 2010. 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 2006 THROUGH 2009 ARE SUBJECT TO EXAMINATION BY REGULATORY AGENCIES, GENERALLY FOR THREE YEARS AND FOUR YEARS AFTER THEY WERE FILED FOR FEDERAL AND STATE, RESPECTIVELY. SUB-SAHARAN AFRICA PROGRAM SERVICES DIRECT SERVICES 36653 SUB-SAHARAN AFRICA PROGRAM SERVICES ICIP PROGRAM 231105 CENTRAL AMERICA & CARIBBEAN PROGRAM SERVICES DIRECT SERVICES 124126 EAST ASIA PROGRAM SERVICES DIRECT SERVICES 18598 SOUTH ASIA PROGRAM SERVICES DIRECT SERVICES 651 MIDDLE EAST PROGRAM SERVICES DIRECT SERVICES 51079 0 0 0 462212 0 462212 0 0 0 0 0 0 X SOLAR CHARGERS 1 216000 FAIRMARKET VALUE X COMMUN. EQUIP. 1 10000 FAIRMARKET VALUE 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 WORK 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 FILE 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: PRIOR PERIOD ADJUSTMENTS: 110,463. 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. PRIOR PERIOD ADJUSTMENT FORM 990, PAGE 12, PART XI, LINE 5 PRIOR PERIOD ADJUSTMENT TO CORRECT EQUIPMENT SALES CUT-OFF. THE ORGANIZATION REPORTED REVENUE OF $270,000, AND RELATED COST OF GOODS SOLD OF $209,890, IN 2010 FOR EQUIPMENT THAT ACTUALLY SHIPPED IN 2009. HAD THE EQUIPMENT SALES BEEN RECORDED IN 2009, NET ASSETS AS OF DECEMBER 31, 2009 WOULD HAVE INCREASED BY $60,463. PRIOR PERIOD ADJUSTMENT TO CORRECT UNCONDITIONAL GRANT RECOGNITION. THE ORGANIZATION REPORTED GRANT REVENUE OF $50,000 IN 2010, THE YEAR IN WHICH THE FUNDS WERE RECEIVED. HAD THE GRANT BEEN RECORDED WHEN IT WAS UNCONDITIONALLY COMMUNICATED IN 2009, NET ASSETS AS OF DECEMBER 31, 2009 WOULD HAVE INCREASED BY $50,000. THE COMBINED TWO ITEMS ACCOUNT FOR THE PRIOR PERIOD ADJUSTMENT OF $110,463.