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2019 IRS Form

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2019 IRS Form Message from FINCA International on the 2019 Form 990 Statement FINCA International, the U.S. parent of the global FINCA network, is a tax-exempt charity that files Form 990 each year with the U.S. Internal Revenue Service (IRS). As FINCA’s mission is carried out through a business model of locally incorporated entities to meet foreign regulatory requirements, the revenues and expenses reported on FINCA’s Form 990 do not reflect the size, capacity or growth of FINCA’s global operations. Although FINCA maintains ownership and control of these separately incorporated entities, Form 990 does not allow consolidation of these entities. Form 990 only requires reporting on programs and services conducted directly by FINCA International. For this reason, FINCA International encourages you to review its consolidated financial statements for a more complete picture of FINCA’s programs and investments. Under the equity method, FINCA Impact Finance’s profits recognized by FINCA International are calculated based on FINCA International’s ownership percentage of FINCA Impact Finance shares. Further, when calculating its share of profits, FINCA International is required to eliminate intra-entity profits and losses and to deduct the number of dividends from the carrying amount of its investment in FINCA Impact Finance. As a result, FINCA International reported total revenue of $37,322,129 on its 2019 Form 990. FINCA International continued to expand its impact in 2019. FINCA Impact Finance reported a total of $1.0 billion in loans disbursed and over 2,341,067 individuals saving on a regular basis adding up to $423 million in voluntary deposits. Aligned with these microfinance activities, BrightLife financed affordable products utilizing PayGo technology so that individuals can access these life-enhancing products that they might not otherwise be able to afford. BrightLife sold 8,904 products during the year, improving the lives of approximately 50,000 Ugandans. BrightLife also employed 45 full-time employees in Uganda and had a commission-based sales distribution network of approximately 300 agents. Finally, FINCA Ventures impacted over 2 million lives through seven partner companies delivering innovation solutions in agriculture, energy and health. TAX RETURN FILING INSTRUCTIONS FORM 990 FOR THE YEAR ENDING DECEMBER 31, 2019 PREPARED FOR: FINCA INTERNATIONAL, INC. 1201 15TH STREET NW, 8TH FLOOR WASHINGTON, DC 20005 PREPARED BY: DELOITTE TAX LLP 7900 TYSONS ONE PLACE, STE 800 MCLEAN, VA 22102 AMOUNT DUE OR REFUND: NOT APPLICABLE MAKE CHECK PAYABLE TO: NOT APPLICABLE MAIL TAX RETURN AND CHECK (IF APPLICABLE) TO: NOT APPLICABLE RETURN MUST BE MAILED ON OR BEFORE: NOT APPLICABLE SPECIAL INSTRUCTIONS: THIS RETURN HAS BEEN PREPARED FOR ELECTRONIC FILING. IF YOU WISH TO HAVE IT TRANSMITTED ELECTRONICALLY TO THE IRS, PLEASE SIGN, DATE, AND RETURN FORM 8453-EO TO OUR OFFICE. WE WILL THEN SUBMIT THE ELECTRONIC RETURN TO THE IRS. DO NOT MAIL A PAPER COPY OF THE RETURN TO THE IRS. RETURN FORM 8453-EO TO US BY NOVEMBER 16, 2020. Form 990 (2019) FINCA INTERNATIONAL, INC. 13-3240109 Page 2 Part III Statement of Program Service Accomplishments Check if Schedule O contains a response or note to any line in this Part III X 1 Briefly describe the organization's mission: PROMOTE THE ECONOMIC AND SOCIAL WELL BEING OF LOW-INCOME INDIVIDUALS, FAMILIES AND GROUPS THROUGHOUT THE WORLD PROVIDING FINANCIAL ASSISTANCE, LOANS, SAVINGS ACCUMULATION, AND OTHER OPPORTUNITIES AND ASSISTANCE. 2 Did the organization undertake any significant program services during the year which were not listed on the prior Form 990 or 990-EZ? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Yes X No If "Yes," describe these new services on Schedule O. 3 Did the organization cease conducting, or make significant changes in how it conducts, any program services? ~~~~~~ Yes X No If "Yes," describe these changes on Schedule O. 4 Describe the organization's program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported. 4a (Code: ) (Expenses $ 855,171. including grants of $ ) (Revenue $ 4,233,879. ) FINCA IMPACT FINANCE: NEARLY 1.7 BILLION ADULTS AROUND THE WORLD REMAIN FINANCIALLY EXCLUDED WITHOUT ACCESS TO USEFUL AND AFFORDABLE FINANCIAL PRODUCTS AND SERVICES DELIVERED IN A RESPONSIBLE AND SUSTAINABLE WAY. THE PREDOMINANT GROUP AMONG THE FINANCIALLY EXCLUDED IS COMPRISED BY UNEMPLOYED OR LOW-INCOME INDIVIDUALS GIVEN THE HIGH COSTS ASSOCIATED WITH TRADITIONAL BANKING. FOR FINCA INTERNATIONAL, THE ADVANCEMENT OF FINANCIAL INCLUSION IS OF PIVOTAL IMPORTANCE CONSIDERING THAT ACCESS TO BASIC FINANCIAL SERVICES CAN BRIDGE THE ECONOMIC GAP BETWEEN THE HAVES AND HAVE-NOTS. FURTHERMORE, IT CAN FOSTER ECONOMIC SUSTAINABILITY AND SELF-RELIANCE AMONG THE UNDERPRIVILEGED POPULATION. FINCA INTERNATIONAL FIRMLY 4b (Code: ) (Expenses $ 1,057,469. including grants of $ ) (Revenue $ 0. ) FINCA PLUS: FOR OVER 30 YEARS, FINCA HAS DEMONSTRATED THAT ACCESS TO RESPONSIBLE FINANCE IS AN IMPORTANT TOOL FOR STRENGTHENING THE ECONOMIC SECURITY OF POOR AND LOW-INCOME FAMILIES. AT THE SAME TIME, FINCA HAS REALIZED THAT IT IS ESSENTIAL THAT ACCESS TO FINANCE CAN BE USED ON NON-FINANCIAL GOODS, SUCH AS CLEAN ENERGY PRODUCTS, WHICH ARE CRITICAL FOR IMPROVING A FAMILIES HEALTH AND WELL-BEING AND INCREASING PRODUCTIVITY. FINCA PLUS LLC (D.B.A. IN UGANDA AS BRIGHTLIFE) IS A SOCIAL ENTERPRISE CREATED BY FINCA WHICH PAIRS ACCESS TO FINANCE WITH ACCESS TO ENERGY TO UNLOCK PRODUCTIVITY AND WELL-BEING FOR THE POOR. BRIGHTLIFE PROVIDES 4c (Code: ) (Expenses $ 666,099. including grants of $ ) (Revenue $ 47,926. ) FINCA VENTURES: FINCA VENTURES PORTFOLIO COMPANIES DIRECTLY CONTRIBUTE TO 12 OF THE 17 SDGS. COMPLEMENTING OUR EFFORT TO ALIGN IMPACT GOALS TO THE SDGS, FINCA VENTURES ASSESSES PORTFOLIO COMPANIES ACROSS THREE DIMENSIONS OF IMPACT WHICH ARE SCALE, DEPTH AND THE TARGET POVERTY LEVEL OF END-CUSTOMERS. SCALE AND DEPTH OF IMPACT HAVE INHERENT TRADEOFFS. KEEPING THESE TRADEOFFS IN MIND, FINCA VENTURES SUPPORTS PORTFOLIO COMPANIES ACROSS THIS SPECTRUM AS IT SEEKS TO MAXIMIZE PRODUCT AND SERVICE TO INCREASE SOCIAL IMPACT. FINCA VENTURES SUPPORTED EIGHT PORTFOLIO COMPANIES THAT DELIVERED LIFE-ENHANCING PRODUCTS AND SERVICES IN 31 COUNTRIES GLOBALLY IN 2019. 4d Other program services (Describe on Schedule O.) (Expenses $ 14,680,300. including grants of $ ) (Revenue $ 12,639,012. ) 4e Total program service expenses | 17,259,039. Form 990 (2019) 932002 01-20-20 SEE SCHEDULE O FOR CONTINUATION(S) Form 990 (2019) FINCA INTERNATIONAL, INC. 13-3240109 Page 3 Part IV Checklist of Required Schedules Yes No 1 Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule A ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 1 X 2 Is the organization required to complete Schedule B, Schedule of Contributors? ~~~~~~~~~~~~~~~~~~~~~~ 2 X 3 Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part I ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 3 X 4 Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 4 X 5 Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C, Part III ~~~~~~~~~~~~~~ 5 X 6 Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part I 6 X 7 Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part II~~~~~~~~~~~~~~ 7 X 8 Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes," complete Schedule D, Part III ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 8 X 9 Did the organization report an amount in Part X, line 21, for escrow or custodial account liability, serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IV ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 9 X 10 Did the organization, directly or through a related organization, hold assets in donor-restricted endowments or in quasi endowments? If "Yes," complete Schedule D, Part V ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 10 X 11 If the organization's answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable. a Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If "Yes," complete Schedule D, Part VI ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 11a X b Did the organization report an amount for investments - other securities in Part X, line 12, that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule
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