Financial Services Volunteer Corps Inc

EIN: 133568629 501(c)(3) International Affairs

NEW YORK, NY

Total Revenue
$11,047,383
Total Expenses
$10,740,634
Total Assets
$9,768,040
Net Assets
$3,894,456
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
DE
Phone
2127711400
Tax Period
2024-01-01 to 2024-12-31

Financial Services Volunteer Corps Inc, founded in 1990, is a mid-sized nonprofit in the International Affairs sector that reported $11.0M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

FINANCIAL SERVICES VOLUNTEER CORPS {FSVC} IS A NOT-FOR-PROFIT, PRIVATE-PUBLIC PARTNERSHIP. FSVC STRUCTURES PRACTICAL, DEMAND-DRIVEN TECHNICAL ASSISTANCE AND TRAINING MISSIONS BY SENIOR FINANCIAL SECTOR PROFESSIONALS WHO SERVE AS UNPAID VOLUNTEERS. FSVC'S CORE WORK CONCENTRATES ON STRENGTHENING CENTRAL BANK CAPACITY, BUILDING ROBUST COMMERCIAL BANKING SECTORS AND DEVELOPING CAPITAL MARKETS. MAJOR ADDITIONAL AREAS OF WORK INCLUDE IMPROVING ACCESS TO FINANCIAL SERVICES FOR SMALL AND MEDIUM-SIZED ENTERPRISES (SMES), FINANCIAL INCLUSION, AND COMBATING MONEY LAUNDERING AND FINANCIAL TERRORISM. ANOTHER CRITICAL AREA OF CURRENT WORK INVOLVES ADVISING GOVERNMENTS AND CIVIL SOCIETY ORGANIZATIONS ON HOW TO STRENGTHEN PUBLIC FINANCIAL MANAGEMENT. MISSIONS ARE STAFFED PRIMARILY BY VOLUNTEER EXPERTS AND, IN SELECT SITUATIONS, PAID CONSULTANTS.

Program Service Accomplishments

Program 1
Expenses: $2,250,036

NIGER (50) - 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...

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NIGER (50) - 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 2022, FSVC RECEIVED A COST-EXTENSION FOR ADDITIONAL PROGRAMMING FOCUSED ON WOMEN, PEACE AND SECURITY (WPS) THAT INCLUDED THE ADDITION OF A FOURTH OBJECTIVE: 4) WOMEN ARE VALUED ECONOMIC AGENTS CONTRIBUTING TO THEIR HOUSEHOLD'S ECONOMY AND COMMUNITY'S RECOVERY AND RESILIENCE TO CONFLICT AND EXTREMISM. IN 2023, FSVC COMPLETED A SERIES OF 48 LONG AND SHORT-TERM ACTIVITIES THAT INCLUDED: 1) PROVIDING SUPPORT TO THE MINISTRY FOR THE PROMOTION OF WOMEN AND PROTECTION OF CHILDREN IN THE IMPLEMENTATION OF THE WPS AGENDA; 2) TRAINING FOR LOCAL CSOS ON WOMEN LEADERSHIP; 3) TRAINING REGIONAL SECURITY COUNCILS ON ETHICS AND PROFESSIONAL CONDUCT; AND 4) LAUNCHING AND IMPLEMENTING SMALL GRANT PROGRAMS FOR CSOS IN NIAMEY, DIFFA AND TILLABERY, AMONG OTHER ACTIVITIES.

Program 2
Expenses: $957,582

WITH FUNDING FROM THE U.S. DEPARTMENT OF STATE-DRL, FSVC LAUNCHED IN AUGUST 2022 A 2.5-YEAR PROGRAM IN SUDAN (G455) TO HELP BUILD THE CAPACITY OF CSOS TO MONITOR THE EXTRACTIVE INDUSTRY SECTOR AND...

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WITH FUNDING FROM THE U.S. DEPARTMENT OF STATE-DRL, FSVC LAUNCHED IN AUGUST 2022 A 2.5-YEAR PROGRAM IN SUDAN (G455) TO HELP BUILD THE CAPACITY OF CSOS TO MONITOR THE EXTRACTIVE INDUSTRY SECTOR AND ADVOCATE FOR REFORM AND STRENGTHENED THE ABILITY OF MEDIA TO INVESTIGATE AND REPORT ON CORRUPTION IN THE SECTOR.

Program 3
Expenses: $895,900 Revenue: $136,459

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...

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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 2023, FSVC COMPLETED A SERIES OF 22 ACTIVITIES THAT INCLUDED: 1) CONSULTATIONS WITH ESWATINI'S ANTI-CORRUPTION COMMISSION ON DEVELOPING A CORRUPTION RISK ASSESSMENT PLAN; 2) TRAINING IN ANTI-MONEY LAUNDERING FOR SOUTH AFRICA'S NATIONAL PROSECUTING AUTHORITY; 3) TRAINING IN LESOTHO IN CSO-GOVERNMENT COLLABORATION TO INCREASE TRANSPARENCY AND ACCOUNTABILITY; AND 4) TRAINING FOR THE MINISTRY OF HEALTH OF ANGOLA IN PROCUREMENT PROCEDURES IN THE HEALTH SECTOR.

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Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,867,617
Program Service Revenue $136,459
Investment Income $43,307
Other Revenue $0
TOTAL REVENUE $11,047,383

Expense Breakdown

Grants Paid $857,511
Salaries & Benefits $5,571,251
Fundraising Expenses $4,747
Program Expenses $8,957,060
Other Expenses $4,311,872
TOTAL EXPENSES $10,740,634

Year-over-Year Comparison

2024 2023 Change
Revenue $11,047,383 $11,764,665 -0.1%
Expenses $10,740,634 $11,318,781 -0.1%
Net Income $306,749 $445,884 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
12
Employees
16
Volunteers
135

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$1,377,408
Total Directors
13
$719,999
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
J Andrew Spindler President and CEO 40.0
Officer Director
$625,525 $94,474 $719,999
Julian C Schroeder Chairman and Treasurer 1.0
Officer Director
$0 $0 $0
William Mills Vice Chairman 1.0
Officer Director
$0 $0 $0
Adam J Szubin Director 1.0
Director
$0 $0 $0
Carla A Hills Director 1.0
Director
$0 $0 $0
Jill M Considine Director 1.0
Director
$0 $0 $0
John L Douglas Director 1.0
Director
$0 $0 $0
John L Walker Director 1.0
Director
$0 $0 $0
Paul Tucker Director 1.0
Director
$0 $0 $0
Randall D Guynn Director 1.0
Director
$0 $0 $0
Reuben Jeffery III Director 1.0
Director
$0 $0 $0
Robert L Clarke Director 1.0
Director
$0 $0 $0
Sabine Lautenschlager Director 1.0
Director
$0 $0 $0
Charles E Kilbourne Consultant and Secretary 21.0
Officer
$219,313 $0 $219,313
John D Pompay Chief Financial and Operating Officer 40.0
Officer
$343,686 $94,410 $438,096
Andrea Perraud Managing Director 40.0
Highest
$312,163 $93,913 $406,076
Bella Oks Senior Accounting Officer 40.0
Highest
$126,091 $32,148 $158,239
Camille Jagueneau-Siegel Director 40.0
Highest
$134,241 $80,157 $214,398
Edward Sia Director 40.0
Highest
$167,820 $89,476 $257,296
Nancy B Unklesbay Director 40.0
Highest
$131,788 $19,082 $150,870
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $11,047,383 $10,740,634 $9,768,040 $306,749
2023 $11,764,665 $11,318,781 $9,908,156 $445,884
2022 $10,244,924 $9,244,064 $10,031,990 $1,000,860
2021 $8,058,219 $8,015,992 $4,338,276 $42,227
2020 $7,090,586 $6,991,242 $3,909,655 $99,344
2019 $7,341,291 $7,457,209 $3,034,338 $-115,918
2018 $5,902,249 $5,886,912 $3,123,872 $15,337
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