2025-11-11T13:01:30-06:00 2024-12-31 470900880 CALIBRE CPA GROUP PLLC 7501 WISCONSIN AVENUE SUITE 1200 WEST BETHESDA MD 20814 990 2024-01-01 461392259 SOCIAL PERFORMANCE TASK FORCE INC SOCI 3017678957 7816 CARTERET RD BETHESDA MD 20817 LAURA FOOSE EXECUTIVE DIRECTOR 3017678957 2025-11-11 1 1 ERIN CRANMER P01712644 2023319880 2025-11-11 2024 2025-03-06 01:10:19Z LAURA FOOSE 7816 CARTERET RD BETHESDA MD 20817 1296467 0 X CERISE-SPTF.ORG X 2012 DE TO PROMOTE AND SUPPORT EFFECTIVE SOCIAL PERFORMANCE MANAGEMENT STANDARDS (UNIVERSAL STANDARDS FOR SOCIAL PERFORMANCE MANAGEMENT) THROUGHOUT THE GLOBAL MICROFINANCE INDUSTRY IN ORDER TO CREATE RESPONSIBLE AND ETHICAL BUSINESS PRACTICES AMONG FINANCIAL SERVICE PROVIDERS. 14 14 3 0 0 0 740723 1018431 17150 142412 9551 3819 81975 131805 849399 1296467 0 0 0 0 516291 523702 0 0 774 2120752 1773413 2637043 2297115 -1787644 -1000648 3160294 1768993 340371 82683 2819923 1686310 X SEE SCHEDULE O 0 0 496576 274217 SETTING AND PROMOTING STANDARDS:THE UNIVERSAL STANDARDS FOR FINANCIAL SERVICE PROVIDERS WERE FIRST LAUNCHED IN 2012 AND UPDATED IN 2016. SPTF MANAGES A TECHNICAL REVIEW COMMITTEE (TRC) TO FOLLOW A TRANSPARENT AND USER-DRIVEN STANDARD REVISION PROCESS BASED ON THE ISEAL CODE OF GOOD PRACTICE FOR SETTING SOCIAL AND ENVIRONMENTAL STANDARDS. THE REVISED STANDARDS HAVE BEEN DESIGNED TO KEEP PACE WITH THE FINANCIAL SECTOR INDUSTRY'S NEEDS AND PROVIDE NEW GUIDELINES ON RESPONSIBLE SAVINGS AND INSURANCE PRODUCTS, AS WELL AS DELIVERY CHANNELS USING DIGITAL SERVICES AND AGENT MODELS, ALL WITH AN EYE TOWARD MITIGATING RISK AND CREATING BENEFITS FOR CLIENTS. THE UNIVERSAL STANDARDS ALSO INCLUDE NEW CONTENT ON RESPONSIBILITY TO THE ENVIRONMENT. THE TRC REVIEWS THE UNIVERSAL STANDARDS EVERY 3 YEARS. SPTF IS IN CHARGE OF GATHERING AND PROCESSING ALL FEEDBACK RECEIVED FROM THE INCLUSIVE FINANCE INDUSTRY, AS WELL AS WITH THE BROADER IMPACT INVESTMENT COMMUNITY. MANAGE EFFECTIVE COMMUNICATIONS - AFTER RELEASING THE UNIVERSAL STANDARDS IN 2012, SPTF DEVELOPED SEVERAL RESOURCES TO HELP WITH THEIR AWARENESS AND IMPLEMENTATION, SUCH AS BRIEF HANDOUTS, MESSAGE MANUALS, THE UNIVERSAL STANDARDS IMPLEMENTATION GUIDE, CASE STUDIES, GUIDANCE NOTES, AND VIDEOS OF EARLY ADOPTERS. SPTF ALSO COMMUNICATES VIA SOCIAL MEDIA.CONDUCT TRAININGS AND WORKSHOPS - SPTF ATTENDS SELECT CONFERENCES AROUND THE WORLD TO OFFER TRAININGS ON THE UNIVERSAL STANDARDS AND SUPPORTING TOOLS AND RESOURCES. SPTF ALSO CONDUCTS MONTHLY ONLINE WEBINAR TRAININGS AND WORKING GROUP MEETINGS TO HIGHLIGHT CASE STUDIES OF GOOD PRACTICE, TO PROVIDE OVERVIEWS OF ASSESSMENT AND REPORTING TOOLS, AND TO SUPPORT PEER TO PEER LEARNING. MANAGE THE SOCIAL INVESTOR WORKING GROUP (SIWG) - THE SIWG HAS +300 INVESTORS FROM +120 ORGANIZATIONS. IT IS A MEMBER-LED GROUP THAT THE SPTF SECRETARIAT BACKSTOPS, COORDINATING LOGISTICS OF ALL MEETINGS, WEBINARS, AND UPDATES OF INITIATIVES. SPTF ANNUAL MEETING - SINCE 2005, THE SPTF HAS BEEN CONDUCTING AN ANNUAL MEETING WHERE INDUSTRY STAKEHOLDERS FROM AROUND THE WORLD COME TOGETHER FOR SEVERAL DAYS OF THOUGHT-PROVOKING DISCUSSIONS ON CORE AND EMERGING TOPICS IN THE FIELD. MEMBERS HAVE DESCRIBED THE MEETING AS "THE STATE OF PRACTICE IN SOCIAL PERFORMANCE AND RESPONSIBLE FINANCE". THIS MEETING IS KEY TO UNDERSTANDING THE PROGRESS AND CHALLENGES IN THE IMPLEMENTATION OF THE UNIVERSAL STANDARDS. THE MEETING IS CONDUCTED IN A DIFFERENT REGION OF THE WORLD EACH YEAR TO ENSURE ALL SPTF MEMBERS CAN ATTEND THROUGHOUT THE YEARS. IN THE LAST FEW YEARS, MEETINGS HAVE ALSO ALLOWED THE SPTF TO ENGAGE WITH REGULATORS AND ALSO INCLUDED FIELD TRIPS TO LOCAL FSPS. SECRETARIAT STAFF COORDINATE ALL MEETING LOGISTICS AND DEVELOP AGENDA AND CONTENT OF DISCUSSIONS. 1634023 ASSESSING, IMPROVING, DEMONSTRATING:SPTF HAS WORKED WITH ONE OF ITS MEMBERS, CERISE, TO DEVELOP A FREE ASSESSMENT TOOL (CALLED THE SPI4) THAT ENABLES FSPS TO ASSESS THEIR SOCIAL PERFORMANCE MANAGEMENT PRACTICES AGAINST THE UNIVERSAL STANDARDS. THIS TOOL ALLOWS FSPS TO UNDERSTAND THEIR SPM STRENGTHS AND WEAKNESSES AND CREATE AN ACTION PLAN FOR IMPROVEMENT. SPTF DOES NOT DIRECTLY PROVIDE TECHNICAL ASSISTANCE TO FSPS BECAUSE THAT WOULD COMPETE WITH ITS MEMBERS. RATHER, SPTF WORKS TO MAKE SURE THAT THE MOST UPDATED TRAININGS, RESOURCES, AND TOOLS ARE AVAILABLE TO FSPS AND TA PROVIDERS, AND THAT THEY KNOW HOW TO USE THEM. SPTF ALSO CONDUCTS ONLINE TRAININGS AND PROVIDES FREE RESOURCES IN SEVERAL LANGUAGES TO HELP IMPROVE PRACTICES RELATED TO THE UNIVERSAL STANDARDS.TO ADVANCE WORK ON DEMONSTRATING OUTCOMES, THE SPTF RUNS THE OUTCOMES WORKING GROUP TO DEVELOP GUIDELINES BOTH FOR INVESTORS AND FOR FSPS FOR MEASURING AND MANAGING OUTCOMES AS WELL AS TO CREATE A LIST OF COMMON OUTCOME INDICATORS IN THE AREAS OF POVERTY/HOUSING/ASSETS, BUSINESS, AND RESILIENCE. 42564 REPORTING & DEMONSTRATING:REPORTING ON SPM DATA HELPS THE RESPONSIBLE INCLUSIVE FINANCE SECTOR BE TRANSPARENT, ENSURES THE DATA IS AVAILABLE TO INVESTORS, AND ALLOWS THE INDUSTRY TO BENCHMARK AND ANALYZE TRENDS. SPTF PLAYS A COORDINATING ROLE IN THIS ACTIVITY AS MIX, CERISE AND THE RATING AGENCIES CONDUCT THE VAST MAJORITY OF THE DIRECT WORK IN COLLECTION OF DATA. SPTF IS MANAGING DISCUSSION AMONGST THESE ACTORS TO CONSOLIDATE THIS SPM INFORMATION ONTO A COMMON DATA PLATFORM SO THAT IT IS MORE ACCESSIBLE TO USERS. 2173163 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15 0 1 3 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 0 1 0 0 0 0 1 1 1 1 1 1 1 0 X LAURA FOOSE 2027441777 7816 CARTERET ROAD BETHESDA MD 20817 CHARLOTTE FAUQUEMBERGUE BOARD MEMBER 2.00 X 0 0 0 PAUL WEBER BOARD MEMBER 2.00 X 0 0 0 FRANK STREPPEL BOARD MEMBER 2.00 X 0 0 0 EMMANUELLE JAVOY BOARD MEMBER 2.00 X 0 0 0 GENEVIEVE HENNESSY-BARRETT BOARD MEMBER 2.00 X 0 0 0 JOANA AFONSO BOARD MEMBER 2.00 X 0 0 0 SYED MOHSIN AHMED BOARD MEMBER 2.00 X 0 0 0 UPOMA ANTARA HUSAIN BOARD MEMBER 2.00 X 0 0 0 TOM SHAW BOARD MEMBER 2.00 X 0 0 0 JACQUELINE MBABAZI BOARD MEMBER 2.00 X 0 0 0 CECILE LAPENU BOARD MEMBER 2.00 X 0 0 0 EDGARDO PEREZ PRECIADO BOARD MEMBER 2.00 X 0 0 0 LOIC DE CANNIERE CHAIRMAN 2.00 X 0 0 0 FRANK DEGIOVANNI CHAIR EMERITUS 2.00 X 0 0 0 LAURA FOOSE EXECUTIVE DIRECTOR 40.00 X 197588 0 6022 AMELIA GREENBERG DEPUTY DIRECTOR 40.00 X 179474 0 5628 377062 0 11650 2 0 1 0 CERISE MICROFINANCE 71 COURS ANATOLE BORDEAUX FR 33000 CONSULTING 701564 CALIBRE CPA GROUP PLLC 7501 WISCONSIN AVENUE SUITE 1200W BETHESDA MD 20814 ACCOUNTING 130634 ANNE CECILE FOLAN 600 PRINCESS ANNE STREET UNIT 651 FREDERICKSBURG VA 22404 CONSULTING 106000 3 185978 832453 1018431 MEETING REGISTRATION A 900099 142412 142412 142412 3819 3819 CONSULTING REVENUE 900099 87752 87752 MISC INCOME 900099 44053 44053 131805 1296467 274217 0 3819 X 388713 336105 52608 93568 82108 11460 2469 2171 298 5464 4961 503 33488 32046 1442 134381 129733 4648 1480096 1440761 38561 774 27347 16788 10559 101457 100100 1357 21887 21240 647 PAYROLL SERVICE FEES 8245 7150 1095 2297115 2173163 123178 774 233433 99251 315977 722782 2544453 919480 38386 27141 26492 339 94265 94265 1553 0 3160294 1768993 340371 82683 340371 82683 X 277731 443645 2542192 1242665 2819923 1686310 3160294 1768993 X -1000648 -132965 X 0 1 X 0 0 X 82013 905499 5072387 740723 1018431 7819053 82013 905499 5072387 740723 1018431 7819053 3400910 4418143 3630 2815 3016 9551 3819 22831 3500 19310 35872 81975 131805 272462 8114346 264864 0.54450 0.56710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 94265 94265 0 0 X 1248702 85200 -132965 -47765 1296467 0 1296467 2382315 85200 85200 2297115 0 2297115 PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH THE ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC INCOME TAXES. THESE PROVISIONS PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. AS OF DECEMBER 31, 2024, THE STATUTE OF LIMITATIONS FOR TAX YEARS 2021 THROUGH 2023 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION AND THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE ORGANIZATION FILES RETURNS. IT IS THE ORGANIZATION'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN UNRELATED BUSINESS INCOME TAX EXPENSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN ON CURRENCY TRANSLATIONS -132,965. 1 SOUTH ASIA 0 6 PROGRAM SERVICES CO-FUNDING TECHNICAL ASSISTANCE TO IMPROVE SOCIAL AND ENVIRONMENTAL PERFORMANCE MANAGEMENT 115483 CENTRAL AMERICA AND CARIBBEAN 0 8 PROGRAM SERVICES CO-FUNDING TECHNICAL ASSISTANCE TO IMPROVE SOCIAL AND ENVIRONMENTAL PERFORMANCE MANAGEMENT 78626 EAST ASIA AND THE PACIFIC 0 1 PROGRAM SERVICES CO-FUNDING TECHNICAL ASSISTANCE TO IMPROVE SOCIAL AND ENVIRONMENTAL PERFORMANCE MANAGEMENT 59863 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 11 PROGRAM SERVICES RESEARCH, STANDARDS DEVELOPMENT 801016 SOUTH AMERICA 0 7 PROGRAM SERVICES CO-FUNDING TECHNICAL ASSISTANCE TO IMPROVE SOCIAL AND ENVIRONMENTAL PERFORMANCE MANAGEMENT 113578 SUB-SAHARAN AFRICA 0 19 PROGRAM SERVICES CO-FUNDING TECHNICAL ASSISTANCE TO IMPROVE SOCIAL AND ENVIRONMENTAL PERFORMANCE MANAGEMENT 136739 MIDDLE EAST AND NORTH AFRICA 0 1 PROGRAM SERVICES CO-FUNDING TECHNICAL ASSISTANCE TO IMPROVE SOCIAL AND ENVIRONMENTAL PERFORMANCE MANAGEMENT 15045 0 53 0 0 0 53 1320350 0 1320350 0 0 0 0 0 0 PART I, LINE 2: SPTF PROVIDES CO-FUNDING TO FINANCIAL SERVICE PROVIDERS WHO ARE UPGRADING A POLICY OR PROCEDURE IN THEIR ORGANIZATION TO STRENGTHEN THEIR SOCIAL AND ENVIRONMENTAL PERFORMANCE MANAGEMENT. WE CREATE AN MOU WITH THE ORGANIZATION OUTLINING THE TERMS OF REFERENCE OF THE PROJECT. WE EXPECT A FULL REPORT OF THE PROJECT IN ORDER TO MAKE SURE THE TERMS WERE MET BEFORE WE SEND THEM PAYMENT OF THE COFUNDING. WE CONDUCT AN EXIT SURVEY TO HEAR LESSONS LEARNED FROM THE PROJECT. WE WORK WITH CERTIFIED TECHNICAL ASSISTANCE PROVIDERS IN THE COUNTRIES TO CARRY OUT THE TECHNICAL ASSISTANCE. X X 0 0 0 0 0 0 0 0 0 LAURA FOOSE EXECUTIVE DIRECTOR 197588 0 0 0 0 0 6022 0 0 0 203610 0 0 0 AMELIA GREENBERG DEPUTY DIRECTOR 179474 0 0 0 0 0 5628 0 0 0 185102 0 0 0 FORM 990, PART III, LINE 1 THE MISSION OF THE CORPORATION IS TO ENGAGE WITH MIRCOFINANCE STAKEHOLDERS TO DEVELOP, DISSEMINATE AND PROMOTE STANDARDS AND GOOD PRACTICES FOR SOCIAL PERFORMANCE MANAGEMENT AND REPORTING. THE CORPORATION SHALL ACHIEVE ITS MISSION BY: (A) PROVIDING A PLATFORM FOR DIALOGUE, LEARNING AND COLLABORATION; (B) FACILITATING ENGAGEMENT AND ADVOCACY ACROSS THE INDUSTRY AT ALL LEVELS - PRACTITIONERS, NETWORKS, SUPPORT AGENCIES, DONORS, INVESTORS AND REGULATORY AUTHORITIES; (C) WORKING TOWARDS SETTING INDUSTRY STANDARDS FOR SOCIAL PERFORMANCE MANAGEMENT, MEASUREMENT, MONITORING, REPORTING AND TRAINING; (D) PROMOTING GOOD PRACTICES AND DEMOSTRATED SUCCESS OF MICROFINANCE PROVIDERS ENGAGED IN SOCIAL PERFORMANCE MANAGEMENT; AND (G) GATHERING QUALITY EVIDENCE AND RESEARCH TO DEMONSTRATE THE BUSINESS CASE FOR SOCIAL PERFORMANCE MANAGEMENT. FORM 990, PART VI, SECTION A, LINE 6 ORGANIZATIONS AND INDIVIDUALS INVOLVED IN THE FIELD OF MICROFINANCE, ESPECIALLY ORGANIZATIONS INVOLVED IN THE PROMOTION OF SOCIAL PERFORMANCE MONITORING, MANAGEMENT AND REPORTING. THERE ARE TWO CATEGORIES OF MEMBERS: ORGANIZATIONS AND INDIVIDUALS. ORGANIZATIONAL MEMBERS MAY INCLUDE MICROFINANCE PROVIDERS(MICROFINANCE INSTITUTIONS, MICRO FINANCE BANKS, MICROFINANCE HOLDING COMPANIES), DONOR, SOCIAL INVESTORS, MICROFINANCE ASSOCIATIONS, SUPPORT ORGANIZATION, (INTERNATIONAL MICRO FINANCE NETWORK NGOS, CONSULTING FIRMS, ACADEMIC INSTITUTIONS AND RESEARCH ORGANIZATIONS), MICRO FINANCE INFORMATION SERVICES, AUDITING AND RATING AGENCIES. INDIVIDUAL MEMBERS MAY INCLUDE ANY PERSONS INTERESTED IN AND COMMITTED TO SUPPORTING AND IMPLEMENTING THE UNIVERSAL STANDARDS FOR SOCIAL PERFORMANCE MANAGEMENT(THE "STANDARDS"). FORM 990, PART VI, SECTION A, LINE 7A SPTF BY-LAWS DESCRIBE THE PROCESS THAT MEMBERS TAKE TO ELECT THE BOARD. THE SPTF HAS BOARD MEMBERS ELECTED BY THE MEMBERS IN EACH MAJOR STAKEHOLDER CATEGORY OF THE SPTF WORK. TWO BOARD MEMBERS ARE ELECTED PER STAKEHOLDER GROUP. UP TO THREE BOARD MEMBERS CAN BE "APPOINTED" TO THE BOARD UB ORDER TO ENSURE REPRESENTATION FROM EACH REGION OF THE WORLD. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO OTHER COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED AND REVIEWED BY AN OUTSIDE CPA FIRM, THEN IT IS REVIEWED BY THE EXECTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, KEY EMPLOYEES REQUIRED TO SIGN CONFLICT OF INTEREST POLICY THROUGH PARTNER RISK ASSESSMENT. ALL ASKED TO UPDATE ANNUALLY IF ANY CHANGES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR EMPLOYEES WAS DETERMINED BY A COMBINATION OF FACTORS: 1) MARKET VALUE COMPARISON OF SALARIES AND BENEFITS OF THREE SIMILAR INSTITUTIONS IN MICROFINANCE INDUSTRY OFFERED BY MIX MARKET, SMART CAMPAIGN AND MF TRANSPARENCY 2) EVALUATION OF SALARIES WITH NON-PROFIT COMPENSATION STUDIES FOR WASHINGTON, DC AND FOR NEW YORK, NY -- PROFESSIONALS FOR NONPROFITS, PNP STAFFING GROUP FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDED DOCUMENTS UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 1,440,761. MANAGEMENT AND GENERAL EXPENSES 38,561. FUNDRAISING EXPENSES 774. TOTAL EXPENSES 1,480,096. FORM 990, PART XI, LINE 9: GAIN/LOSS ON CURRENCY TRANSLATIONS -132,965.