2023-10-04T14:53:39-05:00 2022-12-31 390859910 BAKER TILLY US LLP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 990 2022-01-01 391521683 WORKING CAPITAL FOR COMMUNITY NEEDS INC WORK 6082577230 211 S PATERSON STREET 260 MADISON WI 53703 WILLIAM HARRIS EXECUTIVE DIRECTOR 6082577230 2023-10-02 1 WILLIAM HARRIS XXX-XX-XXXX 0 TROY MARINE CPA P00187863 4147775500 2023-10-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z WILLIAM HARRIS 211 S PATERSON STREET 260 MADISON WI 53703 1779719 0 X WWW.WCCN.ORG X 1984 WI WORKING CAPITAL FOR COMMUNITY NEEDS PARTNERS WITH INDIVIDUALS AND ORGANIZATIONS IN LATIN AMERICA AND THE UNITED STATES TO BUILD SUSTAINABLE ECONOMIC OPPORTUNITIES THAT HELP PEOPLE WORK THEIR WAY OUT OF POVERTY. 13 7 4 9 0 0 195643 329205 1299355 1443641 940 1674 811 5199 1496749 1779719 15300 4265 0 0 356794 379262 0 0 62215 793058 1195603 1165152 1579130 331597 200589 14407203 14759724 13223954 13375285 1183249 1384439 X WORKING CAPITAL FOR COMMUNITY NEEDS (WCCN) IS A NONPROFIT IMPACT INVESTING FUND WHOSE MISSION IS TO CREATE OPPORTUNITIES FOR ACCESS TO MICROFINANCE, SERVICES, AND MARKETS TO IMPROVE THE LIVES AND COMMUNITIES OF THE WORKING POOR IN LATIN AMERICA. THE WCCN MISSION RESTS ON THE IDEA THAT HAVING ACCESS TO OPPORTUNITY EXTENDED FROM A SUPPORTIVE PARTNER IN ONE'S COMMUNITY IS A KEY FACTOR IN DETERMINING WHETHER OR NOT SOMEONE MOVES OUT OF POVERTY. 0 0 1232154 4265 1443641 WCCN IS A NONPROFIT ORGANIZATION THAT EMPOWERS LOW-INCOME LATIN AMERICAN ENTREPRENEURS AND SMALL-SCALE FARMERS THROUGH MICROCREDIT, FAIR TRADE, AND WOMEN'S EMPOWERMENT INITIATIVES. SINCE OUR 1984 FOUNDING, WE CONTINUE TO IMPLEMENT SUSTAINABLE ECONOMIC AND SOCIAL ADVANCEMENT PROGRAMS THROUGH PARTNERSHIPS WITH MICROFINANCE INSTITUTIONS, DEVELOPMENT ORGANIZATIONS, AND COOPERATIVES IN ECUADOR, EL SALVADOR, HONDURAS, GUATEMALA, NICARAGUA, COLOMBIA, MEXICO, AND PERU. 1905 WCCN ALSO FOSTERS GREATER UNDERSTANDING, GOODWILL, AND PEACE THROUGH PEOPLE-TO-PEOPLE EXCHANGES AND OUR EDUCATIONAL ACTIVITIES. OUR EDUCATIONAL ACTIVITIES INCLUDE U.S./LATIN AMERICAN SPEAKER EXCHANGES, STUDY TOURS TO LATIN AMERICA, AND A QUARTERLY NEWSLETTER. 1234059 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 262 0 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 WI X RICHARD TVEDT 6082577230 211 S PATERSON STREET STE 260 MADISON WI 53703 LAYLA KAIKSOW PRESIDENT 2.00 X X 0 0 0 MEGAN VANDER WYST VICE-PRESIDENT 2.00 X X 0 0 0 FRANK STANISZEWSKI TREASURER 2.00 X X 0 0 0 LEILANI YATS SECRETARY 1.00 X X 0 0 0 ANNA KAMINSKI DIRECTOR 1.00 X 0 0 0 FELIPE ARANGO DIRECTOR 1.00 X 0 0 0 GLORIA CASTILLO POSADA DIRECTOR 1.00 X 0 0 0 GRECIA DE LA O ABARCA DIRECTOR 1.00 X 0 0 0 ISABELLE BARRES DIRECTOR 1.00 X 0 0 0 JAVIER MONTERROSO DIRECTOR 1.00 X 0 0 0 JORDAN VAN RIJN DIRECTOR 2.00 X 0 0 0 JUAN GOMEZ DIRECTOR 1.00 X 0 0 0 MARK ELSDON DIRECTOR 1.00 X 0 0 0 WILL HARRIS EXECUTIVE DIRECTOR 40.00 X 106045 0 21020 106045 0 21020 1 0 0 0 TULUNI INTERNATIONAL LLC 650 OVERLOOK DR ROSEVILLE MN 55113 LOAN FUND MANAGEMENT 141996 1 329205 329205 PROGRAM LOAN INTEREST 522291 1380478 1380478 LOAN ORIGINATION FEES 522291 63163 63163 1443641 1674 1674 MISCELLANEOUS REVENUE 900099 5199 5199 5199 1779719 1443641 0 6873 X 4265 4265 127064 62869 42185 22010 173588 61736 89102 22750 9041 9041 47155 759 46317 79 22414 11879 9414 1121 25700 21486 4214 28726 28726 172469 161246 7844 3379 11763 3664 8099 22641 13124 7806 1711 3526 1502 910 1114 29940 16410 12049 1481 20679 19170 1472 37 373946 373946 14771 4269 10369 133 PROVISION FOR LOAN LOSS 474732 474732 BANK AND INVESTMENT FEE 11377 11251 126 MISCELLANEOUS EXPENSE 5333 3002 2156 175 1579130 1234059 282856 62215 203128 187211 766262 683030 10546 13644 10814 10814 0 0 13086617 13599744 340650 276095 14407203 14759724 157113 151332 224391 224391 12758204 12944267 84246 55295 13223954 13375285 X 1183249 1374439 0 10000 1183249 1384439 14407203 14759724 200589 601 0 X X 0 1 X 1 0 X 403108 371232 199769 195643 329205 1498957 403108 371232 199769 195643 329205 1498957 345133 1153824 4804 4143 2299 940 1674 13860 817 17521 420 811 5199 24768 1537585 5536962 0.75040 0.77200 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2018 AMOUNT: $ 817. 2019 AMOUNT: $ 17,521. 2020 AMOUNT: $ 420. 2021 AMOUNT: $ 811. 2022 AMOUNT: $ 5,199. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10814 10814 0 0 NOTES RECEIVABLE 13599744 C 13599744 OPERATING LEASE 55295 55295 X PART X, LINE 2: THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON THE TAX RETURN SHOULD BE RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES AND ACCOUNTING DURING INTERIM PERIODS. THE ORGANIZATION DOES NOT BELIEVE THAT IT HAS ANY UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2022 AND 2021. WCCN IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE AND CORRESPONDING PROVISIONS OF STATE LAW AND ACCORDINGLY IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. 1 CENTRAL AMERICA 0 1 FINANCING FOR ECONOMIC ACTIVITIES OF LOW-INCOME PERSONS WITHOUT ACCESS TO COMMERCIAL CREDIT 2093016 SOUTH AMERICA - COLOMBIA, ECUADOR AND PERU 0 1 FINANCING FOR ECONOMIC ACTIVITIES OF LOW-INCOME PERSONS WITHOUT ACCESS TO COMMERCIAL CREDIT 1540000 SOUTH AMERICA - COLOMBIA, ECUADOR AND PERU 0 0 PROGRAM RELATED INVESTMENTS 413999 CENTRAL AMERICA 0 0 PROGRAM RELATED INVESTMENTS 635625 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 FINANCING FOR ECONOMIC ACTIVITIES OF LOW-INCOME PERSONS WITHOUT ACCESS TO COMMERCIAL CREDIT 2683333 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM RELATED INVESTMENTS 182530 0 2 0 0 0 2 7548503 0 7548503 0 0 0 0 0 0 PART I, LINE 2: WORKING CAPITAL FOR COMMUNITY NEEDS REQUESTS WRITTEN REPORTS FROM RECIPIENT ORGANIZATIONS ABOUT THE USE OF THE FUNDS. ADDITIONALLY, THE ORGANIZATION'S STAFF VISITS THE RECIPIENT ORGANIZATIONS AS APPROPRIATE. PART I, LINE 3: THE ORGANIZATION USES THE ACCRUAL METHOD OF ACCOUNTING TO ACCOUNT FOR EXPENDITURES FOR ACTIVITIES CONDUCTED IN THE LISTED REGIONS. PART III ACCOUNTING METHOD: MARK ELSDON PRESIDENT CAPITAL FOR THE COMMUNITY NEEDS FUND X 12000 12245 0 1 1 FRANK STANISZEWSKI TREASURER CAPITAL FOR THE COMMUNITY NEEDS FUND X 100 100 0 1 1 MEGAN VANDER WYST SECRETARY CAPITAL FOR THE COMMUNITY NEEDS FUND X 500 500 0 1 1 JUAN GOMEZ DIRECTOR CAPITAL FOR THE COMMUNITY NEEDS FUND X 500 500 0 1 1 JORDAN VAN RIJN DIRECTOR CAPITAL FOR THE COMMUNITY NEEDS FUND X 500 500 0 1 1 THOMAS SCHWEI DIRECTOR CAPITAL FOR THE COMMUNITY NEEDS FUND X 11777 11777 0 1 1 WILLIAM HARRIS EXECUTIVE DIRECTOR CAPITAL FOR THE COMMUNITY NEEDS FUND X 1769 1769 0 1 1 PARKER FAMILY TRUST SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR X 5000 5000 0 1 1 ALEXANDER VON HAFFTEN JR AND KERSTIN MILLER SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR X 2000 2000 0 1 1 BILL CHASE DF IMPACT CAPITAL LLC SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR X 150000 150000 0 1 1 SUSAN LLOYD SCHERR-LLOYD FUND SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR X 40000 40000 0 1 1 224391 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS MAILED TO THE MEMBERS OF THE FINANCE COMMITTEE FOR REVIEW. AFTER THE DRAFT IS APPROVED BY THE MEMBERS OF THE FINANCE COMMITTEE AND ALL NECESSARY CHANGES ARE MADE, A REVISED DRAFT IS GIVEN TO ALL MEMBERS OF THE GOVERNING BODY AND A VOTE TO APPROVE THE FORM 990 FOR FILING IS HELD AT THE NEXT SCHEDULED MEETING. THE FORM 990 IS THEN FILED WITH THE IRS ONCE APPROVED. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, ALL MEMBERS OF THE GOVERNING BODY AND ALL EMPLOYEES ARE GIVEN A COPY OF THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ALONG WITH A FORM TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. THE SIGNED FORMS ARE RETURNED TO THE BOARD GOVERNANCE COMMITTEE CHAIRPERSON OR THE EXECUTIVE DIRECTOR WHO ENSURES ALL OF THE FORMS ARE RETURNED IN A TIMELY FASHION. IF ANY POTENTIAL CONFLICTS ARE IDENTIFIED, SUCH CONFLICTS ARE REVIEWED BY THE GOVERNING BODY AND ANY PERSONS WITH A CONFLICT OF INTEREST ARE PROHIBITED FROM VOTING ON DECISIONS WITH WHICH THEY HAVE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE GOVERNING BODY REVIEWS COMPENSATION FOR THE EXECUTIVE DIRECTOR AND ALL OTHER EMPLOYEES. THE ORGANIZATION ALSO PARTICIPATES IN COMPENSATION BENCHMARKING SURVEYS FOR NONPROFIT ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MADE ITS AUDITED CONSOLIDATED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON ITS WEBSITE AND UPON REQUEST. THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS WERE ALSO PUBLISHED IN THE CAPITAL FOR COMMUNITIES FUND PROSPECTUS. THE ORGANIZATION MADE ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G LOAN MANAGEMENT FEES: PROGRAM SERVICE EXPENSES 161,246. MANAGEMENT AND GENERAL EXPENSES 7,844. FUNDRAISING EXPENSES 3,379. TOTAL EXPENSES 172,469. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT OR SELECTION PROCESS. COMMUNITY NEEDS LLC 211 S PATERSON STREET SUITE 260 MADISON WI 53703 391521683 PROMOTE ECONOMIC DEVELOPMENT IN THE GREATER LATIN AMERICAN REGION WI 17989 2592 WORKING CAPITAL FOR COMMUNITY NEEDS INC