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    <Timestamp>2011-05-16T13:35:55-05:00</Timestamp>
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        <BusinessNameLine1>Capital Sisters International Inc</BusinessNameLine1>
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      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="IRS990ScheduleA">
      <PubliclySupportedOrg170b1Avi>X</PubliclySupportedOrg170b1Avi>
      <GiftsGrantsContribReceived170>
        <CurrentTaxYearMinus4Years>88579</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>14411</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>67614</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>95317</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>143199</CurrentTaxYear>
        <Total>409120</Total>
      </GiftsGrantsContribReceived170>
      <Total170>
        <CurrentTaxYearMinus4Years>88579</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>14411</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>67614</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>95317</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>143199</CurrentTaxYear>
        <Total>409120</Total>
      </Total170>
      <AmountsSubstContributorsTotal>268105</AmountsSubstContributorsTotal>
      <PublicSupportTotal170>141015</PublicSupportTotal170>
      <GrossInvestmentIncome170>
        <CurrentTaxYearMinus4Years>1397</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>4861</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>1281</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>758</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>192</CurrentTaxYear>
        <Total>8489</Total>
      </GrossInvestmentIncome170>
      <TotalSupport>417609</TotalSupport>
      <GrossReceiptsFromAdmissionsEtc>138402</GrossReceiptsFromAdmissionsEtc>
      <PublicSupportPertcentage170>0.33767</PublicSupportPertcentage170>
      <PublicSupportPertcentPriorYear>0.29006</PublicSupportPertcentPriorYear>
      <ThirtyThreePercntTestsCY170>X</ThirtyThreePercntTestsCY170>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="IRS990ScheduleB">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="IRS990ScheduleD">
      <ArtPublicExhibitionAmts />
      <HeldWorksOfArtAmts />
      <CurrentYear>
        <BeginningOfYearBalance>12174</BeginningOfYearBalance>
        <Contributions>41150</Contributions>
        <GrantsOrScholarships>1100</GrantsOrScholarships>
        <OtherExpenditures>36111</OtherExpenditures>
        <EndOfYearBalance>16113</EndOfYearBalance>
      </CurrentYear>
      <CurrentYearMinus1Year>
        <BeginningOfYearBalance>39948</BeginningOfYearBalance>
        <Contributions>19325</Contributions>
        <GrantsOrScholarships>24075</GrantsOrScholarships>
        <OtherExpenditures>23024</OtherExpenditures>
        <EndOfYearBalance>12174</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <CurrentYearMinus2Years>
        <BeginningOfYearBalance>29698</BeginningOfYearBalance>
        <Contributions>16750</Contributions>
        <GrantsOrScholarships>6500</GrantsOrScholarships>
        <OtherExpenditures>0</OtherExpenditures>
        <EndOfYearBalance>39948</EndOfYearBalance>
      </CurrentYearMinus2Years>
      <TermEndowmentEOYBalance>1.00000</TermEndowmentEOYBalance>
      <EndowmentsHeldByUnrelatedOrgs>false</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>true</EndowmentsHeldByRelatedOrgs>
      <AreRelatedOrgsListedScheduleR>true</AreRelatedOrgsListedScheduleR>
      <Land />
      <Buildings />
      <LeaseholdImprovements />
      <Equipment>
        <OtherCostOrOtherBasis>5218</OtherCostOrOtherBasis>
        <Depreciation>3805</Depreciation>
        <BookValue>1413</BookValue>
      </Equipment>
      <OtherLandBuildings />
      <TotalOfBookValueLandBuildings>1413</TotalOfBookValueLandBuildings>
      <FederalIncomeTaxLiability>0</FederalIncomeTaxLiability>
      <OtherLiabilities>
        <Description>PAYROLL LIABILITIES</Description>
        <Amount>2580</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>2580</TotalOfAmounts>
      <TotalRevenue>159173</TotalRevenue>
      <TotalExpenses>164219</TotalExpenses>
      <ExcessOrDeficitForYear>-5046</ExcessOrDeficitForYear>
      <ExcessOrDeficitPerFS>-5046</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>302210</TotRevenueEtcAuditedFinclStmt>
      <DonatedSrvcAndUseOfFacilities>143037</DonatedSrvcAndUseOfFacilities>
      <RevenueNotRptdF990>143037</RevenueNotRptdF990>
      <RevenueSubtotal>159173</RevenueSubtotal>
      <TotalRevenuePerForm990>159173</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>307256</TotExpensesEtcAuditedFinclStmt>
      <DonatedServicesUseOfFacilities>143037</DonatedServicesUseOfFacilities>
      <ExpensesNotRptdF990>143037</ExpensesNotRptdF990>
      <ExpensesSubtotal>164219</ExpensesSubtotal>
      <TotalExpensesPerForm990>164219</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>FORM 990, SCHEDULE D, PART V, LINE 4</Identifier>
        <Explanation>CAPITAL SISTERS INTERNATIONAL'S ENDOWMENT FUNDS ARE RESTRICTED FOR EITHER LOAN PROGRAM RELATED EXPENDITURES OR FOR MAKING GRANTS TO MICROFINANCE ORGANIZATIONS.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>FORM 990, SCHEDULE D, PART XI</Identifier>
        <Explanation>CAPITAL FRIENDS INTERNATIONAL, INC. IS THE SUPPORTING ORGANIZATION FOR CAPITAL SISTERS INTERNATIONAL, INC., AND ITS SOLE PURPOSE IS TO RAISE FUNDS FOR CAPITAL SISTERS. CAPITAL SISTERS CONTROLS CAPITAL FRIENDS AND AS SUCH IT NORMALLY REPORTS THE FINANCIAL ACCOUNTS OF THE TWO ORGANIZATIONS ON A COMBINED BASIS. AT THE END OF 2010 CAPITAL FRIENDS HAD $68,805 OF NET ASSETS.</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleI documentId="IRS990ScheduleI">
      <RecordsMaintained>true</RecordsMaintained>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>THE INTERNATIONAL ALLIANCE FOR WOMEN</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>1760 OLD MEADOW RD</AddressLine1>
          <City>MCLEAN</City>
          <State>VA</State>
          <ZIPCode>22102</ZIPCode>
        </AddressUS>
        <EINOfRecipient>062696929</EINOfRecipient>
        <IRCSection>501(c)(3)</IRCSection>
        <AmountOfCashGrant>6265</AmountOfCashGrant>
        <PurposeOfGrant>MICROENTERPRISE PROGRAMS IN DEVELOPING COUNTRIES</PurposeOfGrant>
      </RecipientTable>
      <TotalNbrOf501C3AndGovtGrants>1</TotalNbrOf501C3AndGovtGrants>
      <Form990ScheduleIPartIV>
        <Identifier>SCHEDULE I, PART 1, LINE 2</Identifier>
        <Explanation>THE ORGANIZATION PRIMARILY MAKES GRANTS TO CHARITABLE ORGANIZATIONS THAT HAVE BEEN DETERMINED TO BE EXEMPT UNDER 501(C)(3) AND THAT SUPPORT CAPITAL SISTERS INTERNATIONAL'S EXEMPT PURPOSES.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleO documentId="IRS990ScheduleO">
      <GeneralExplanation>
        <Identifier>FORM 990, PART I, LINE 1</Identifier>
        <Explanation>TO PROVIDE GRANTS, LOANS, AND LOAN GUARANTEES TO ASSIST THE MICROFINANCE INDUSTRY IN MAKING MICRO LOANS TO IMPOVERISHED WOMEN, AND TO ASSIST DONORS AND INVESTORS IN MAKING SOUND AND TARGETED INVESTMENTS IN POVERTY ALLEVIATION THROUGH MICROFINANCE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION A, LINE 2</Identifier>
        <Explanation>PATRICIA FOLEY HINNEN, PRESIDENT, IS MARRIED TO BRITT HINNEN, TREASURER. NEITHER INDIVIDUAL RECEIVES COMPENSATION FROM THE ORGANIZATION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION B, LINE 11B</Identifier>
        <Explanation>A third party accounting firm prepares the draft 990, which is then reviewed by management. The final draft 990 is submitted to the Board for review and comment (and revised if necessary) prior to submission.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION B, LINE 12C</Identifier>
        <Explanation>Conflict of interest policy is reviewed periodically by the Board and compliance forms are submitted annually.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION B, LINES 15A &amp; 15B</Identifier>
        <Explanation>The organization's CEO works on a pro bono basis but her notional salary (which is recorded as a pro bono service and expense in the accounts of the organization) was developed and approved by the independent directors of the board and based on comparable industry data. The organization's VP of Finance and Administration is a member of staff and her salary was developed by an independent hiring committee and approved by the board of directors. The organization has no employees who would be classified as Key Employees based on salary level.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION C, LINE 19</Identifier>
        <Explanation>THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="IRS990ScheduleR">
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>CAPITAL FRIENDS INTERNATIONAL INC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>227 LAMB LANE</AddressLine1>
          <City>GOLDEN</City>
          <State>CO</State>
          <ZIPCode>80401</ZIPCode>
        </AddressUS>
        <EIN>202224943</EIN>
        <PrimaryActivities>SUPPORT CSI</PrimaryActivities>
        <LegalDomicileState>CO</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>11 - TYPE 1</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartII>
      <ReceiptOfIntAnnRentsRoyalties>false</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>false</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>true</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>false</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>false</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>false</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>false</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>false</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>false</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>false</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>false</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>false</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>false</SharingOfFacilities>
      <SharingOfPaidEmployees>true</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>false</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>true</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>false</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>false</OtherTransferFromOtherOrg>
    </IRS990ScheduleR>
  </ReturnData>
</Return>