2024-05-01T15:05:24-07:00 2023-12-31 Hozik & Company PLC 374 Maple Ave E Ste 305 Vienna VA 22180 990 2023-01-01 541940918 Five Talents USA FIVE 7032277166 PO Box 331 Vienna VA 22183 Elizabeth Ha CEO 7032277166 2024-04-09 true Elizabeth Ha XXX-XX-XXXX true Corrie Scott P01295891 8588633319 2024-05-01 0 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z Elizabeth Ha PO Box 331 Vienna VA 22183 1436390 false X www.fivetalents.org X 1999 VA Five Talents' mission is to transform lives through economic empowerment. We seek to eradicate extreme poverty to the flourishing of communities through development of microenterprise programs. 12 12 10 30 0 0 1135095 1341589 0 7015 6956 0 -6572 1142110 1341973 495911 597314 0 489358 489113 200 1358 170369 209516 132899 1194985 1220684 -52875 121289 700400 858248 12403 33360 687997 824888 Five Talents' mission is to transform lives through economic empowerment. The Organization's vision is to eradicate poverty by restoring human dignity and creating strong, sustainable communities. Partnering with local churches around the world, Five Talents works to combat poverty in the developing world by: (1) empowering families living in poverty with knowledge and skills to read, write, save, and invest, (2) developing community savings groups and helping families to launch and grow small businesses. false false 927581 597314 27526 See attached for details on program service accomplishments. 927581 true true false false false false false false false false true false false false false true true false false true true true false false true false false false false false false false false false false false false false true false false false false false false false false true 3 0 true 10 true false false false false false false false false false false false false X 12 12 false false false false false false false true true false false true true true true true true true false false CA IL MA MD NC OH PA SC TN VA WA DC NY X Elizabeth Ha 7032426016 PO Box 331 Vienna VA 22183 Elizabeth Ha CEO 40.00 X 106293 0 3189 Deb Conver Director 1.00 X 0 0 0 Bill Eggbeer Director 1.00 X 0 0 0 Donna Ivey Director 1.00 X 0 0 0 Jim Lewis Director 1.00 X 0 0 0 Corky Eddins Director 1.00 X 0 0 0 Danielle Tate Director 1.00 X 0 0 0 Dana Wichterman Director 1.00 X 0 0 0 April Young Director 1.00 X 0 0 0 Kim Pacala Chair 6.00 X X 0 0 0 Francine Maestri Vice Chair 4.00 X X 0 0 0 Steve Tees Treasurer 2.00 X X 0 0 0 Jim Oakes Secretary 4.00 X X 0 0 0 106293 0 3189 1 false false false 300855 1040734 63318 1341589 4087 0 4087 63188 60319 2869 2869 0 0 2869 26550 300855 34098 -7548 0 -7548 Other income 900099 976 976 0 0 976 1341973 976 0 -592 597314 597314 112052 63502 7476 41074 307821 173224 54670 79927 8240 4687 1513 2040 29352 16552 4365 8435 31648 17846 4706 9096 450 0 450 0 1358 1358 23943 2360 21390 193 5526 3116 822 1588 44707 9901 18758 16048 12000 6767 1784 3449 7689 4336 1143 2210 10190 3857 4199 2134 243 137 36 70 7677 4329 1142 2206 Other program evaluation and support 18591 18591 0 0 Miscellaneous 1883 1062 280 541 1220684 927581 122734 170369 230079 479510 348701 240495 10352 7529 3309 2897 655 412 110613 130302 700400 858248 12403 33360 12403 33360 X 525006 573892 162991 250996 687997 824888 700400 858248 121289 15602 X X false true X true false X 0 1071633 559330 1244357 1135095 1341589 5352004 0 0 1071633 559330 1244357 1135095 1341589 5352004 326318 5025686 10042 7307 14061 7256 4087 42753 0 0 0 0 0 976 976 5395733 26550 0.93140 0.86480 X 0 0 0 Pt II Ln 10 Other Income Part II, Line 10 Description: Other income 2019: 0. 2020: 0. 2021: 0. 2022: 0. 2023: 976. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 3309 2897 412 412 1405506 15602 13833 29435 1376071 -34098 -34098 1341973 1268615 13833 34098 47931 1220684 1220684 Pt XI, Line 4b Special event expenses netted against income. Pt XII, Line 2d Special event expenses netted against income. true Sub-Saharan Africa 0 0 Grants Literacy/Financial/Technical 525814 South America 0 0 Grants Literacy/Financial/Technical 30000 East Asia and Pacific 0 0 Grants Literacy/Financial/Technical 41500 0 0 0 0 597314 597314 Sub-Saharan Africa Literacy, Assistance 525814 Wire Transfer 0 N/A FMV South America Literacy, Assistance 30000 Wire Transfer 0 N/A FMV East Asia and Pacific Literacy, Assistance 41500 Wire Transfer 0 N/A FMV 10 false false false false false false Pt I Line 2 Fund disbursements and incurred expenses are subjected to the following controls: (1) approval required by CEO along with a receipt or invoice submission (except for recurring or routine expenses) (2) accountant requires receipt for all credit card purchases, (3) the credit card statement is reviewed and reconciled monthly (4) secondary approval (Board Chair or Vice-Chair) is required for expenses over $5,000 or for Elizabeth (CEO) over $100, and (5) all expenses (detailed revenue and expenses) are reconciled monthly against checking and credit card statements. The CEO and Treasurer review and approve the detailed expense report, statement, and reconciliations monthly. Pt I Line 3 Col (F) Five Talents requires a signed memorandum of understanding from organizations it grants to detailing the purpose of any funding received. Five Talents requires quarterly reporting from all organizations who receive funding and Five Talents requires regular audits by an independent agency. Five Talents uses outside consultants to provide technical assistance and program oversight to recipient organizations. The organizations are visited by Five Talents staff members. Auction 327405 300855 26550 3600 27076 3422 327405 300855 26550 3600 27076 3422 34098 -7548 X 14 60319 FMV X 100 tumblers 1 2999 FMV false true false Pt VI, Line 11b The Form 990 is reviewed by the Governing Body, CEO and Audit and Finance Committee prior to filing. Pt VI, Line 12c The Organization requires that officers must disclose the existence of a financial interest and be given the opportunity to disclose all material facts to the directors and members of the committees with governing board delegated powers considering a proposed transaction or arrangement after disclosure of the financial interest and all material facts. After any discussion with the interested person, they shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. Pt VI, Line 15a The Personnel Committee establishes compensation for the CEO, and the whole Five Talent board votes on personnel costs once a year at a full board meeting. Benefits for the CEO are also decided by the Personnel Committee. The Personnel Committee takes into consideration comparable job title/responsibilities from the DMV area for like-sized non-profit organizations. The Personnel Committee documents its compensation review, along with its performance review, in its minutes. Pt VI, Line 19 The Organization made its governing documents, conflict of interest policy, and financial statements available to the public upon request during the tax year. Pt XII, Line 2c Five Talents did not change either its oversight process or selection process during the tax year.