Civic Intelligence

Deutsche Bank Microcredit Development

990 • Fiscal year 2014 • EIN 13-3957277

Jan 01, 2014 to Dec 31, 2014 • Filed on Oct 16, 2015

Organization ProfileN/A
60 Wall St MSNYC 60-21New York, NY 10005

(212) 250-0555

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

49th percentile

0.10x

Higher debt load relative to assets than 49% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

94th percentile

4.29x

Higher debt load relative to revenue than 94% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

90th percentile

47%

Higher net margin than 90% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

29th percentile

-2.7%

Faster asset growth than 29% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

6th percentile

-43%

Faster revenue growth than 6% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets49th percentile

Assets

Down

$4,300,875

Down $117,866 (-2.7%) from 2013

Net Assets

Up

$3,865,678

Up $69,890 (+1.8%) from 2013

Liabilities

Down

$435,197

Down $187,756 (-30%) from 2013

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin90th percentile

Revenue

Down

$101,555

Down $77,435 (-43%) from 2013

Expenses

Up

$54,250

Up $5,534 (+11%) from 2013

Net Income

Down

$47,305

Down $82,969 (-64%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $3,300,365Liabilities 2010: $833,040Net Assets 2010: $2,467,3252010Assets 2011: $3,480,430Liabilities 2011: $936,216Net Assets 2011: $2,544,2142011Assets 2012: $4,410,762Liabilities 2012: $811,707Net Assets 2012: $3,599,0552012Assets 2013: $4,418,741Liabilities 2013: $622,953Net Assets 2013: $3,795,7882013Assets 2014: $4,300,875Liabilities 2014: $435,197Net Assets 2014: $3,865,6782014Assets 2015: $4,406,216Liabilities 2015: $464,325Net Assets 2015: $3,941,8912015Assets 2016: $4,475,843Liabilities 2016: $533,623Net Assets 2016: $3,942,2202016Assets 2017: $4,587,786Liabilities 2017: $541,478Net Assets 2017: $4,046,3082017Assets 2018: $4,093,649Liabilities 2018: $25,845Net Assets 2018: $4,067,8042018Assets 2019: $3,694,367Liabilities 2019: $3,500Net Assets 2019: $3,690,8672019

Highlighted filing

2014

Assets$4,300,875
Liabilities$435,197
Net Assets$3,865,678
Open 2014 Filing

Operations Trend

Revenue Growth6th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$500K$0-$500KExpenses 2010: $35,8142010Expenses 2011: $58,8072011Revenue 2012: $142,828Expenses 2012: $106,034Net Income 2012: $36,7942012Revenue 2013: $178,990Expenses 2013: $48,716Net Income 2013: $130,2742013Revenue 2014: $101,555Expenses 2014: $54,250Net Income 2014: $47,3052014Revenue 2015: $162,936Expenses 2015: $133,905Net Income 2015: $29,0312015Revenue 2016: $232,156Expenses 2016: $101,251Net Income 2016: $130,9052016Revenue 2017: $187,322Expenses 2017: $50,420Net Income 2017: $136,9022017Revenue 2018: $77,359Expenses 2018: $63,937Net Income 2018: $13,4222018Revenue 2019: $12,542Expenses 2019: $412,479Net Income 2019: -$399,9372019

Highlighted filing

2014

Revenue$101,555
Expenses$54,250
Net Income$47,305
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 16, 2015
Return Version
2014v5.0
Gross Receipts
$101,555
Mission and Program Overview

Mission

The deutsche bank microcredit development fund, inc. Was created to support the growth, effectiveness, and sustainability of microcredit programs that serve the poor with access to credit for self-employment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,576,620$2,434,783▼ $141,837
Investments Program Related$844,532$1,006,761▲ $162,229
Savings and Temporary Cash Investments$980,425$813,959▼ $166,466
Accounts Receivable$14,622$23,578▲ $8,956
Investments Other Securities$2,542$21,794▲ $19,252
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$4,418,741$4,300,875▼ $117,866
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable$596,915$396,915▼ $200,000
Accounts Payable and Accrued Expenses$11,405$26,982▲ $15,577
Other Liabilities$14,633$11,300▼ $3,333
Total Liabilities$622,953$435,197▼ $187,756
Net Assets / Fund Balance
Unrestricted Net Assets$3,795,788$3,865,678▲ $69,890
Total Net Assets Fund Balance$3,795,788$3,865,678▲ $69,890
Total Liabilities and Net Assets / Fund Balance$4,418,741$4,300,875▼ $117,866
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Scott ReardonChairman
Gary S HattemPresident
Alex CountsDirector
Asad MahmoodDirector
Julia K CowlesDirector
Maureen D DonovanDirector
Richard W Thaler JrDirector
Shahin AhdiehDirector
Michael RauenhorstSec'y/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$16,000
Program Service Revenue
$85,193
Investment Income
$224
Other Revenue
$138
All Other Contributions
$16,000
Change in Net Assets
$47,305

Audited Revenue Reconciliation

Revenue per Audited Statements
$101,555
Revenue Not Reported on Form 990
$155,658
Total Revenue per Audited Statements
$257,213
Total Revenue per Form 990
$101,555
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$54,250
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$20,600-$20,600
Fees for Services Other$16,250--$16,250
Insurance$8,165--$8,165
Interest$5,031--$5,031
Other Expenses$3,311--$3,311
Office Expenses$893--$893
Total Functional Expenses$33,650$20,600$0$54,250

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$187,323
Expenses Not Reported on Form 990$133,073
Expenses per Audited Statements$54,250
Total Expenses per Form 990$54,250
International Activity

International Summary

Spending
$495,000

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Russia & Neighboring StatesProgram Service Invstmnt.Micro Finance Loan00$350,000
Sub-Saharan AfricaProgram Service Invstmnt.Micro Finance Loan00$125,000
South AmericaProgram Service Invstmnt.Micro Finance Loan00$20,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Provision for Lending-related Commitment$11,300
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The 990 is reviewed by the fund manager and the president of the board prior to filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“All board members receive a copy of the conflict of interest policy at the start of their relationship with the organization and periodically thereafter as determined from time to time by the board. Whenever a board member becomes aware that any conflict exists, he or she is required to disclose it to the board.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Deutsche Bank Microcredit Development
EIN
13-3957277
Phone
2122500555
Address
60 Wall St MSNYC 60-21, New York, NY 10005

Signing Officer

Name
Gary S Hattem
Title
President
Signed
2015-10-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gary S Hattem
Formed
1997
Legal Domicile
De
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
30

Preparer

Firm
Bca Watson Rice Llp
Address
5 PENN PLAZA 15TH FL, NEW YORK, NY 10001-1810
Preparer
Cazembe Bektemba CPA
Phone
2124477300
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

“Adjmt for overstmt of prov for lending c = $3333”

Sch F Part II 1(D)

“The loans and guarantees were made to support microfinance institutions that serve the poor by providing access to financial services.”

Financial Statement Notes

Part X : FIN48 Footnote

“The db mdf has concluded that there are no uncertain tax positions that would require recognition in the financial statements. If the db mdf was to incur an income tax liability in the future, interest or any income tax liability would be reported as interest expense and penalties on any income tax liability would be recorded as income taxes. The db mdf's conclusions regarding uncertain tax positions may be subject to review and adjustment at a later date based upon ongoing analyses of tax laws, regulations and interpretations thereof as well as other factors. Generally, federal , state, and local authorities may examine the db mdf's tax returns for three years from the date of filing: consequently, the respective tax returns from inception, 2010, are sublect to examination by tax authorities.”

Raw XML AppendixShowing 400 of 485 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0PROVISION FOR CREDIT LOSSES
IRS990/OtherExpensesGrp/ProgramServicesAmt03311
IRS990/OtherExpensesGrp/TotalAmt03311
IRS990/OtherLiabilitiesGrp/BOYAmt014633
IRS990/OtherLiabilitiesGrp/EOYAmt011300
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0Loss on foreign currency
IRS990/OtherRevenueMiscGrp/Desc1Realized gain on derivati
IRS990/OtherRevenueMiscGrp/ExclusionAmt0-28939
IRS990/OtherRevenueMiscGrp/ExclusionAmt129077
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0-28939
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt129077
IRS990/OtherRevenueTotalAmt0138
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0GARY S HATTEM
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/BusinessCd1525990
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON PROGRAM LOANS
IRS990/ProgramServiceRevenueGrp/Desc1LETTER OF CREDIT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt065091
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt120102
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt065091
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt120102
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt035050
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0262
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt048716
IRS990/PYOtherRevenueAmt0-19487
IRS990/PYProgramServiceRevenueAmt0163165
IRS990/PYRevenuesLessExpensesAmt0130274
IRS990/PYTotalExpensesAmt048716
IRS990/PYTotalRevenueAmt0178990
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt047305
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt085193
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0980425
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0813959
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt016000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt035050
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt035826
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt030225
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0117401
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0224
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0931
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02548
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt08978
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt021547
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt034228
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0556723
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.51200
IRS990ScheduleA/PublicSupportPY170Pct00.33710
IRS990ScheduleA/PublicSupportTotal170Amt077632
IRS990ScheduleA/SubstantialContributorsTotAmt039769
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt016000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt035050
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt035826
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt030225
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0300
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0117401
IRS990ScheduleA/TotalSupportAmt0151629
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0136406
IRS990ScheduleD/DonatedServicesUseFcltsAmt0136406
IRS990ScheduleD/ExpensesNotReportedAmt0133073
IRS990ScheduleD/ExpensesSubtotalAmt054250
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt019252
IRS990ScheduleD/OtherExpensesIncludedAmt0-3333
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011300
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PROVISION FOR LENDING-RELATED COMMITMENT
IRS990ScheduleD/RevenueNotReportedAmt0155658
IRS990ScheduleD/RevenueSubtotalAmt0101555
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE DB MDF HAS CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. IF THE DB MDF WAS TO INCUR AN INCOME TAX LIABILITY IN THE FUTURE, INTEREST OR ANY INCOME TAX LIABILITY WOULD BE REPORTED AS INTEREST EXPENSE AND PENALTIES ON ANY INCOME TAX LIABILITY WOULD BE RECORDED AS INCOME TAXES. THE DB MDF'S CONCLUSIONS REGARDING UNCERTAIN TAX POSITIONS MAY BE SUBJECT TO REVIEW AND ADJUSTMENT AT A LATER DATE BASED UPON ONGOING ANALYSES OF TAX LAWS, REGULATIONS AND INTERPRETATIONS THEREOF AS WELL AS OTHER FACTORS. GENERALLY, FEDERAL , STATE, AND LOCAL AUTHORITIES MAY EXAMINE THE DB MDF'S TAX RETURNS FOR THREE YEARS FROM THE DATE OF FILING: CONSEQUENTLY, THE RESPECTIVE TAX RETURNS FROM INCEPTION, 2010, ARE SUBLECT TO EXAMINATION BY TAX AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueProgramRltdAmt01006761
IRS990ScheduleD/TotalExpensesPerForm990Amt054250
IRS990ScheduleD/TotalLiabilityAmt011300
IRS990ScheduleD/TotalRevenuePerForm990Amt0101555
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0257213
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0187323
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0350000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt120000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt2125000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Russia & Neighboring States
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1South America
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2Sub-Saharan Africa
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Micro Finance Loan
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1Micro Finance Loan
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt2Micro Finance Loan
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program Service Invstmnt.
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1Program Service Invstmnt.
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt2Program Service Invstmnt.
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalSpentAmt0495000
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0Russia and Neighboring States - To provide program related loans to micro finance institutions serving the poor in developing countries.South America - To provide program related loans to micro finance institutions serving the poor in developing countries.Sub-Saharan Africa - To provide program related loans to micro finance institutions serving the poor in developing countries.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 3f - Investments and Expenditures
IRS990ScheduleF/TotalSpentAmt0495000
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE FUND MANAGER AND THE PRESIDENT OF THE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS RECEIVE A COPY OF THE CONFLICT OF INTEREST POLICY AT THE START OF THEIR RELATIONSHIP WITH THE ORGANIZATION AND PERIODICALLY THEREAFTER AS DETERMINED FROM TIME TO TIME BY THE BOARD. WHENEVER A BOARD MEMBER BECOMES AWARE THAT ANY CONFLICT EXISTS, HE OR SHE IS REQUIRED TO DISCLOSE IT TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Adjmt for overstmt of prov for lending c = $3333
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The loans and guarantees were made to support microfinance institutions that serve the poor by providing access to financial services.

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,300,875
Liabilities
$435,197
Net assets
$3,865,678
Revenue
$101,555
Expenses
$54,250
Net income
$47,305
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$3.69$0.00$3.69$0.01$0.41$0.40
2018Detailed filing. Detailed filing data is available for this year.$4.09$0.03$4.07$0.08$0.06$0.01
2017Detailed filing. Detailed filing data is available for this year.$4.59$0.54$4.05$0.19$0.05$0.14
2016Detailed filing. Detailed filing data is available for this year.$4.48$0.53$3.94$0.23$0.10$0.13
2015Detailed filing. Detailed filing data is available for this year.$4.41$0.46$3.94$0.16$0.13$0.03
2014Detailed filing. Detailed filing data is available for this year.$4.30$0.44$3.87$0.10$0.05$0.05
2013Detailed filing. Detailed filing data is available for this year.$4.42$0.62$3.80$0.18$0.05$0.13
2012Summary only. Only limited summary data is available for this year.$4.41$0.81$3.60$0.14$0.11$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.48$0.94$2.54$0.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.30$0.83$2.47$0.04