Form 990 for tax year 2024

Filed by SOCIAL PERFORMANCE TASK FORCE.

Totals

Total revenue: $1,296,467
Total expenses: $2,297,115
Contributions and grants received: $1,018,431
Grants paid: $0
Program service revenue: $142,412
Investment income: $3,819
Other revenue: $131,805
Total assets, end of year: $1,768,993
Total liabilities, end of year: $82,683
Net assets or fund balances, end of year: $1,686,310
Program services expenses (Part IX): $2,173,163
Management and general expenses: $123,178
Fundraising expenses: $774
Program service expenses (Part III): $2,173,163

Program services were 94.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1b · Membership dues

$185,978
1f · All other contributions, gifts and grants

$832,453
2a · Program service revenue: MEETING REGISTRATION A

total $142,412 · related or exempt $142,412
3 · Investment income

total $3,819 · excluded $3,819
11a · Other revenue: CONSULTING REVENUE

total $87,752 · related or exempt $87,752
11b · Other revenue: MISC INCOME

total $44,053 · related or exempt $44,053
11e · Other revenue, total

$131,805

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $388,713 · program services $336,105 · management and general $52,608
7 · Other salaries and wages

total $93,568 · program services $82,108 · management and general $11,460
8 · Pension plan contributions

total $2,469 · program services $2,171 · management and general $298
9 · Other employee benefits

total $5,464 · program services $4,961 · management and general $503
10 · Payroll taxes

total $33,488 · program services $32,046 · management and general $1,442
11c · Fees: accounting

total $134,381 · program services $129,733 · management and general $4,648
11g · Fees: other

total $1,480,096 · program services $1,440,761 · management and general $38,561 · fundraising $774
13 · Office expenses

total $27,347 · program services $16,788 · management and general $10,559
17 · Travel

total $101,457 · program services $100,100 · management and general $1,357
19 · Conferences, conventions and meetings

total $21,887 · program services $21,240 · management and general $647
24a · Other expenses: PAYROLL SERVICE FEES

total $8,245 · program services $7,150 · management and general $1,095

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $233,433 · end of year $99,251
2 · Savings and temporary cash investments

beginning of year $315,977 · end of year $722,782
3 · Pledges and grants receivable

beginning of year $2,544,453 · end of year $919,480
4 · Accounts receivable

beginning of year $38,386 · end of year $27,141
9 · Prepaid expenses and deferred charges

beginning of year $26,492 · end of year $339
10a · Land, buildings and equipment: cost or other basis

$94,265
10b · Land, buildings and equipment: accumulated depreciation

$94,265
10c · Land, buildings and equipment, net

beginning of year $1,553 · end of year $0
17 · Accounts payable and accrued expenses

beginning of year $340,371 · end of year $82,683
27 · Net assets without donor restrictions

beginning of year $277,731 · end of year $443,645
28 · Net assets with donor restrictions

beginning of year $2,542,192 · end of year $1,242,665

Mission and programs · 2024

Mission

SEE SCHEDULE O

Activities or mission (Part I)

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.

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.

Expenses $496,576 · Revenue $274,217
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.

Expenses $1,634,023
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.

Expenses $42,564

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

CHARLOTTE FAUQUEMBERGUE

BOARD MEMBER

Total calculated

$0

Hours/week

2
PAUL WEBER

BOARD MEMBER

Total calculated

$0

Hours/week

2
FRANK STREPPEL

BOARD MEMBER

Total calculated

$0

Hours/week

2
EMMANUELLE JAVOY

BOARD MEMBER

Total calculated

$0

Hours/week

2
GENEVIEVE HENNESSY-BARRETT

BOARD MEMBER

Total calculated

$0

Hours/week

2
JOANA AFONSO

BOARD MEMBER

Total calculated

$0

Hours/week

2
SYED MOHSIN AHMED

BOARD MEMBER

Total calculated

$0

Hours/week

2
UPOMA ANTARA HUSAIN

BOARD MEMBER

Total calculated

$0

Hours/week

2
TOM SHAW

BOARD MEMBER

Total calculated

$0

Hours/week

2
JACQUELINE MBABAZI

BOARD MEMBER

Total calculated

$0

Hours/week

2
CECILE LAPENU

BOARD MEMBER

Total calculated

$0

Hours/week

2
EDGARDO PEREZ PRECIADO

BOARD MEMBER

Total calculated

$0

Hours/week

2
LOIC DE CANNIERE

CHAIRMAN

Total calculated

$0

Hours/week

2
FRANK DEGIOVANNI

CHAIR EMERITUS

Total calculated

$0

Hours/week

2
LAURA FOOSE

EXECUTIVE DIRECTOR

Total calculated

$203,610

From this org

$197,588

From related orgs

$0

Other

$6,022

Hours/week

40

Schedule J breakdown matched by us

Base

$197,588

Bonus

$0

Other

$0

Deferred

$6,022

Nontaxable benefits

$0

Filer's total

$203,610
AMELIA GREENBERG

DEPUTY DIRECTOR

Total calculated

$185,102

From this org

$179,474

From related orgs

$0

Other

$5,628

Hours/week

40

Schedule J breakdown matched by us

Base

$179,474

Bonus

$0

Other

$0

Deferred

$5,628

Nontaxable benefits

$0

Filer's total

$185,102

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

3 · Compensation survey or study
3 · Approval by the board or compensation committee

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2024
Filed: 11 November 2025
IRS schema version: 2024v5.2
Source object: 202543159349304024

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