Financial Services Volunteer Corps Inc is located in New York, NY. The organization was established in 1990. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Financial Services Volunteer Corps Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Financial Services Volunteer Corps Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Financial Services Volunteer Corps Inc generated $8.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $8.0m during the year ending 12/2021. While expenses have increased by 7.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FSVC'S MISSION IS TO HELP BUILD SOUND FINANCIAL SECTORS TO SUPPORT HEALTHY MARKET-ORIENTED ECONOMIES IN DEVELOPING AND EMERGING MARKET COUNTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NIGER: WITH FUNDING FROM THE U.S. AGENCY FOR INTERNATIONAL DEVELOPMENT, FSVC LAUNCHED IN 2019 A PROGRAM FOCUSED ON THREE KEY OBJECTIVES: 1) HELPING CIVIL SOCIETY ORGANIZATIONS (CSOS) MORE ACTIVELY AND EFFECTIVELY HOLD THE GOVERNMENT ACCOUNTABLE AND BUILD DEMAND FOR TARGETED POLICY REFORMS AND IMPROVED GOVERNMENT IMPLEMENTATION; 2) ASSISTING KEY GOVERNMENT INSTITUTIONS IN BECOMING MORE ACCOUNTABLE TO CITIZENS AND MORE EFFECTIVE AND TRANSPARENT IN THEIR OPERATIONS; AND 3) CREATING AND/OR STRENGTHENING CONSTRUCTIVE ENGAGEMENT SPACES BETWEEN CITIZENS, CSOS AND THE GOVERNMENT, TO IDENTIFY AND IMPLEMENT TARGETED PRIORITY REFORMS. IN 2021, FSVC COMPLETED A SERIES OF 43 LONG AND SHORT-TERM PROJECTS THAT INCLUDED: 1) ASSISTING THE OMBUDSMAN OF NIGER IN DEVELOPING A CITIZENS' CHARTER; 2) A SERIES OF TRAININGS FOR CSOS IN NIAMEY, MARADI AND ZINDER IN KEY AREAS SUCH AS MONITORING AND EVALUATION AND ADVOCACY; 3) SMALL GRANTS PROGRAMS FOR LOCAL CSOS; AND 4) OPEN HOUSES ON ACCESS TO INFORMATION, AMONG OTHER PROJECTS.
ANGOLA/ESWATINI/LESOTHO/SOUTH AFRICA (48): WITH FUNDING FROM THE U.S. AGENCY FOR INTERNATIONAL DEVELOPMENT, FSVC LAUNCHED IN 2020 A PROGRAM FOCUSED ON THREE OBJECTIVES, WITH IMPLEMENTATION IN ANGOLA, ESWATINI, LESOTHO AND SOUTH AFRICA: 1) STRENGTHEN THE GOVERNANCE, ACCOUNTING AND PUBLIC FINANCIAL MANAGEMENT CAPACITY OF KEY GOVERNMENT INSTITUTIONS; 2) ENHANCE THE OVERSIGHT CAPACITIES OF KEY GOVERNMENT INSTITUTIONS AND CIVIL SOCIETY ORGANIZATIONS (CSOS) TO MINIMIZE FRAUD, WASTE AND ABUSE OF STATE RESOURCES AND REINFORCE TRANSPARENCY AND ACCOUNTABILITY; AND 3) CREATE A KNOWLEDGE-SHARING NETWORK TO CONNECT KEY GOVERNMENT INSTITUTIONS AND CSOS ACROSS THE REGION TO PROMOTE SOUTH-SOUTH LEARNING. IN 2021, FSVC COMPLETED A SERIES OF 12 PROJECTS THAT INCLUDED: 1) CONSULTATIONS WITH THE GOVERNMENT OF LESOTHO ON STREAMLINING THE BUDGET PROCESS; 2) TRAINING FOR THE OFFICE OF THE AUDITOR GENERAL IN ESWATINI IN HOW TO AUDIT SERVICE DELIVERY MINISTRIES; AND 3) TRAININGS FOR THE ANGOLAN MINISTRY OF FINANCE IN KEY PRINCIPLES OF INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARDS (IPSAS), AMONG OTHER PROJECTS.
JORDAN (424): WITH FUNDING FROM THE U.S. DEPARTMENT OF STATE'S BUREAU OF COUNTERTERRORISM, FSVC LAUNCHED A PROGRAM IN JORDAN IN 2020 FOCUSED ON THREE KEY OBJECTIVES: 1) INCREASE THE NUMBER OF INVESTIGATIONS AND PROSECUTIONS OF TERRORISM FINANCING (TF) CRIMES BY ENHANCING THE CAPACITIES OF JUDICIAL AUTHORITIES; 2) INCREASE THE IDENTIFICATION OF SUSPECTED TF CASES BY IMPROVING INTERNATIONAL JUDICIAL COOPERATION; AND 3) IMPROVE THE IMPLEMENTATION OF UNITED NATIONS AND DOMESTIC TARGETED FINANCIAL SANCTIONS. IN 2021, FSVC COMPLETED A SERIES OF 15 LONG AND SHORT-TERM PROJECTS THAT INCLUDED: 1) TRAININGS FOR MEMBERS OF THE JUDICIAL INSTITUTE OF JORDAN IN TF CASE BUILDING; 2) MENTORING LAW ENFORCEMENT IN TF ASSET FORFEITURE PROCEDURES; AND 3) ASSISTING THE GOVERNMENT OF JORDAN IN DRAFTING REGULATIONS, POLICIES AND PROCEDURES FOR A NEW FINANCIAL INVESTIGATION TASK FORCE, AMONG OTHER PROJECTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
J Andrew Spindler President And CEO | OfficerTrustee | 40 | $528,510 |
John D Pompay Chief Financial And Operating | Officer | 40 | $288,123 |
Andrea Perraud Managing Director | 40 | $226,574 | |
Chavanne Peercy Chief Of Party, Niger Office | 40 | $221,026 | |
Charles E Kilbourne Consultant And Secretary | OfficerTrustee | 21 | $185,938 |
Edward Sia Director | 40 | $138,623 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Jackson Madzimainternational Compo Consulting/training | 12/30/21 | $122,084 |
Charles E Kilbourne Managing Overseas Pr | 12/30/21 | $185,938 |
Emerging Consulting Tunisia Consulting | 12/30/21 | $165,526 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $7,272,200 |
All other contributions, gifts, grants, and similar amounts not included above | $246,514 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $7,518,714 |
Total Program Service Revenue | $331,881 |
Investment income | $40,400 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $1,438 |
Net Gain/Loss on Asset Sales | $165,786 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $8,058,219 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $351,578 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,163,044 |
Compensation of current officers, directors, key employees. | $619,075 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,248,950 |
Pension plan accruals and contributions | $56,821 |
Other employee benefits | $455,381 |
Payroll taxes | $199,110 |
Fees for services: Management | $0 |
Fees for services: Legal | $8,121 |
Fees for services: Accounting | $56,605 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,551,513 |
Advertising and promotion | $0 |
Office expenses | $242,282 |
Information technology | $149,119 |
Royalties | $0 |
Occupancy | $798,757 |
Travel | $457,229 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $165,587 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $43,293 |
All other expenses | $0 |
Total functional expenses | $8,015,992 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $575,051 |
Savings and temporary cash investments | $819,365 |
Pledges and grants receivable | $345,375 |
Accounts receivable, net | $49,537 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $149,597 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $2,160,441 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $238,910 |
Total assets | $4,338,276 |
Accounts payable and accrued expenses | $1,024,748 |
Grants payable | $0 |
Deferred revenue | $731,617 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $551,012 |
Total liabilities | $2,307,377 |
Net assets without donor restrictions | $1,816,617 |
Net assets with donor restrictions | $214,282 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $4,338,276 |
Over the last fiscal year, we have identified 6 grants that Financial Services Volunteer Corps Inc has recieved totaling $36,650.
Awarding Organization | Amount |
---|---|
The Robin And Reuben Jeffrey Family Foundation Palm Beach, FL PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $12,500 |
Robert L And Jean Clarke Family Foundation Houston, TX PURPOSE: GENERAL | $10,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $8,050 |
Starr Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Debs Foundation New York, NY PURPOSE: FOR THE ORGANIZATION'S CHARITABLE USE | $1,000 |
Richard R Howe Foundation Short Hills, NJ PURPOSE: UNRESTRICTED USE IN CHARITABLE ENDEAVOR | $100 |
Beg. Balance | $1,503,383 |
Earnings | $165,892 |
Ending Balance | $1,669,275 |
Organization Name | Assets | Revenue |
---|---|---|
Polish-American Freedom Foundation New York, NY | $332,912,578 | $20,651,430 |
Omidyar-Tufts Microfinance Fund Somerville, MA | $114,828,830 | -$1,213,909 |
Dress For Success Worldwide New York, NY | $9,765,263 | $14,118,582 |
Endeavor Global Inc New York, NY | $17,758,887 | $22,239,624 |
Mennonite Economic Development Associates Lancaster, PA | $26,265,593 | $14,802,817 |
Financial Services Volunteer Corps Inc New York, NY | $4,338,276 | $8,058,219 |
Romanian American Foundation New York, NY | $151,764,693 | $36,392,050 |
Nest Inc New York, NY | $5,296,909 | $4,810,117 |
Cerge-Ei Foundation New York, NY | $13,211,124 | $3,287,220 |
Junior Achievement Of New York New York, NY | $4,177,610 | $3,603,746 |
Junior Achievement Usa Bridgeville, PA | $5,474,447 | $2,637,956 |
Junior Achievement Of New Jersey Edison, NJ | $1,756,989 | $2,071,361 |