Civic Intelligence

Deutsche Bank Microcredit Development

990 • Fiscal year 2016 • EIN 13-3957277

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

Organization ProfileN/A
345 Park AvenueNew York, NY 10154

(212) 250-0555

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.12x

Higher debt load relative to assets than 53% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

91st percentile

2.30x

Higher debt load relative to revenue than 91% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

93rd percentile

56%

Higher net margin than 93% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

51st percentile

1.6%

Faster asset growth than 51% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

87th percentile

42%

Faster revenue growth than 87% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$4,475,843

Up $69,627 (+1.6%) from 2015

Net Assets

Up

$3,942,220

Up $329 (+0.0%) from 2015

Liabilities

Up

$533,623

Up $69,298 (+15%) from 2015

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin93rd percentile

Revenue

Up

$232,156

Up $69,220 (+42%) from 2015

Expenses

Down

$101,251

Down $32,654 (-24%) from 2015

Net Income

Up

$130,905

Up $101,874 (+351%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth51st 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

2016

Assets$4,475,843
Liabilities$533,623
Net Assets$3,942,220
Open 2016 Filing

Operations Trend

Revenue Growth87th 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

2016

Revenue$232,156
Expenses$101,251
Net Income$130,905
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$232,156
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
Investments Program Related$2,893,261$2,473,151▼ $420,110
Cash and Non-Interest-Bearing Accounts$514,605$1,061,871▲ $547,266
Savings and Temporary Cash Investments$889,129$889,300▲ $171
Investments Other Securities$68,977$0▼ $68,977
Accounts Receivable$40,244$51,521▲ $11,277
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$4,406,216$4,475,843▲ $69,627
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable$396,915$396,915→ $0
Other Liabilities$13,000$122,663▲ $109,663
Accounts Payable and Accrued Expenses$54,410$14,045▼ $40,365
Total Liabilities$464,325$533,623▲ $69,298
Net Assets / Fund Balance
Unrestricted Net Assets$3,941,891$3,942,220▲ $329
Total Net Assets Fund Balance$3,941,891$3,942,220▲ $329
Total Liabilities and Net Assets / Fund Balance$4,406,216$4,475,843▲ $69,627
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$3,469
Program Service Revenue
$228,520
Investment Income
$167
Other Revenue
$0
All Other Contributions
$3,469
Change in Net Assets
$130,905

Audited Revenue Reconciliation

Revenue per Audited Statements
$232,156
Revenue Not Reported on Form 990
$30,998
Total Revenue per Audited Statements
$263,154
Total Revenue per Form 990
$232,156
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$101,251
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 Other$65,510--$65,510
Fees for Services Accounting$23,100--$23,100
Insurance-$8,165-$8,165
Interest$4,046--$4,046
Office Expenses-$430-$430
Total Functional Expenses$92,656$8,595$0$101,251

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$262,825
Expenses Not Reported on Form 990$161,574
Expenses per Audited Statements$101,251
Total Expenses per Form 990$101,251
International Activity

International Summary

Spending
$2,523,623

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 and Neighboring StatesProgram Service Invstmnt.Micro Finance Loan00$797,738
South AsiaProgram Service Invstmnt.Micro Finance Loan00$600,000
South AmericaProgram Service Invstmnt.Micro Finance Loan00$475,885
Sub-Saharan AfricaProgram Service Invstmnt.Micro Finance Loan00$250,000
East Asia and the PacificProgram Service Invstmnt.Micro Finance Loan00$250,000
Central America and the CaribbProgram Service Invstmnt.Micro Finance Loan00$150,000
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
Derivative Financial Instruments$109,663
Provision for Lending-related Commitment$13,000
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
No

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
345 Park Avenue, New York, NY 10154

Signing Officer

Name
Caroline Vance
Title
Director
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Caroline Vance
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
Baruti Bediako CPA
Phone
2124477300
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

“Adjmt for overstmt of prov for credit Loss = $8574”

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 on any income tax liability would be reported as interest expense and penalties on any income tax liability would be reported 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 for years prior to 2013 are no longer subject to examination by tax authorities.”

Raw XML AppendixShowing 400 of 482 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/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt08574
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt013000
IRS990/OtherLiabilitiesGrp/EOYAmt0122663
IRS990/OtherRevenueTotalAmt00
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/PrincipalOfficerNm0Caroline Vance
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/BusinessCd1525990
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON PROGRAM LOANS
IRS990/ProgramServiceRevenueGrp/Desc1LETTER OF CREDIT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0208695
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt119825
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0208695
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt119825
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt04000
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0195
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0133905
IRS990/PYProgramServiceRevenueAmt0158741
IRS990/PYRevenuesLessExpensesAmt029031
IRS990/PYTotalExpensesAmt0133905
IRS990/PYTotalRevenueAmt0162936
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0130905
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt0228520
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0889129
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0889300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03469
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt04000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt016000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt035050
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt035826
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt094345
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0167
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0195
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0224
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0931
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02548
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt04065
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0746387
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.58580
IRS990ScheduleA/PublicSupportPY170Pct00.55880
IRS990ScheduleA/PublicSupportTotal170Amt057653
IRS990ScheduleA/SubstantialContributorsTotAmt036692
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03469
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt04000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt016000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt035050
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt035826
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt094345
IRS990ScheduleA/TotalSupportAmt098410
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0170148
IRS990ScheduleD/DonatedServicesUseFcltsAmt0170148
IRS990ScheduleD/ExpensesNotReportedAmt0161574
IRS990ScheduleD/ExpensesSubtotalAmt0101251
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-139150
IRS990ScheduleD/OtherExpensesIncludedAmt0-8574
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0109663
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt113000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Derivative Financial Instruments
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PROVISION FOR LENDING-RELATED COMMITMENT
IRS990ScheduleD/RevenueNotReportedAmt030998
IRS990ScheduleD/RevenueSubtotalAmt0232156
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 on any income tax liability would be reported as interest expense and penalties on any income tax liability would be reported 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 for years prior to 2013 are no longer subject to examination by tax authorities.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueProgramRltdAmt02473151
IRS990ScheduleD/TotalExpensesPerForm990Amt0101251
IRS990ScheduleD/TotalLiabilityAmt0122663
IRS990ScheduleD/TotalRevenuePerForm990Amt0232156
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0263154
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0262825
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt30
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt40
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt50
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt30
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt40
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt50
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0797738
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt1475885
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt2600000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt3250000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt4250000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt5150000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Russia and Neighboring States
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1South America
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2South Asia
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt3Sub-Saharan Africa
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt4East Asia and the Pacific
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt5Central America and the Caribb
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Micro Finance Loan
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1Micro Finance Loan
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt2Micro Finance Loan
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt3Micro Finance Loan
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt4Micro Finance Loan
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt5Micro Finance Loan
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program Service Invstmnt.
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1Program Service Invstmnt.
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt2Program Service Invstmnt.
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt3Program Service Invstmnt.
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt4Program Service Invstmnt.
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt5Program Service Invstmnt.
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalSpentAmt02523623
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.South Asia - 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.East Asia and the Pacific - To provide program related loans to micro finance institutions serving the poor in developing countries.Central America and the Caribbean - 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/TotalSpentAmt02523623
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 credit Loss = $8574

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,475,843
Liabilities
$533,623
Net assets
$3,942,220
Revenue
$232,156
Expenses
$101,251
Net income
$130,905
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