2025-07-29T16:24:03-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2024-01-01 391521683 WORKING CAPITAL FOR COMMUNITY NEEDS INC WORK 6082577230 211 S PATERSON STREET 260 MADISON WI 53703 WILLIAM HARRIS EXECUTIVE DIRECTOR 6082577230 2025-07-28 1 1 KIMBERLY ANDERSON P00188889 6086628600 2025-07-28 2024 2025-03-06 01:10:19Z WILLIAM HARRIS 211 S PATERSON STREET 260 MADISON WI 53703 1702605 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. 14 9 4 9 0 0 554686 384706 1286633 1263467 33611 52124 433 2308 1875363 1702605 0 4400 0 0 397064 428533 0 0 56557 1742009 1081196 2139073 1514129 -263710 188476 14991917 14493466 13622314 12935387 1369603 1558079 X WORKING CAPITAL FOR THE 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 1150419 400 1263467 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. 40692 4000 0 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. 1191111 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 248 0 1 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 WI X X RICHARD TVEDT 6082577230 211 S PATERSON STREET STE 260 MADISON WI 53703 LEILANI YATS PRESIDENT 5.00 X X 0 0 0 DANIEL GUERRA JR VICE PRESIDENT 1.00 X X 0 0 0 JUAN GOMEZ TREASURER 1.00 X X 0 0 0 DAVID DIGGS SECRETARY 1.00 X X 0 0 0 LISA ABRAHAM DIRECTOR 1.00 X 0 0 0 HECTOR GUTIERREZ DIRECTOR 1.00 X 0 0 0 EDGAR HERNANDEZ DIRECTOR 1.00 X 0 0 0 ANNA KAMINSKI DIRECTOR 1.00 X 0 0 0 ANTOINETTE KENMUIR-EVANS DIRECTOR 1.00 X 0 0 0 MARTIN NIELSEN DIRECTOR 1.00 X 0 0 0 LIGIA VADO DIRECTOR 1.00 X 0 0 0 JORDAN VAN RIJN DIRECTOR 1.00 X 0 0 0 MEGAN VANDER WYST DIRECTOR 1.00 X 0 0 0 RICHARD WOODHULL DIRECTOR 1.00 X 0 0 0 WILLIAM HARRIS EXECUTIVE DIRECTOR 40.00 X 139000 0 18730 139000 0 18730 1 0 1 0 TULUNI INTERNATIONAL LLC 650 OVERLOOK DR ROSEVILLE MN 55113 LOAN FUND MANAGEMENT 157000 1 384706 384706 PROGRAM LOAN INTEREST 522291 1179117 1179117 LOAN ORIGINATION FEES 522229 84350 84350 1263467 52124 52124 MISCELLANEOUS INCOME 900099 2308 2308 2308 1702605 1263467 0 54432 X 400 400 4000 4000 157730 79615 33822 44293 220325 116072 104253 6609 6609 16898 16898 26971 15870 9697 1404 29141 29001 140 37127 37127 8237 8237 183125 175938 7187 4360 3029 1331 18006 12026 4877 1103 24679 10365 12340 1974 32645 29821 277 2547 27475 24933 845 1697 377827 377827 16236 4681 11350 205 PROVISION FOR LOAN LOSS 301573 301573 BANK AND SERVICES FEES 11807 847 10794 166 DUES AND SUBSCRIPTIONS 4083 1780 716 1587 4875 3333 1292 250 1514129 1191111 266461 56557 164700 174381 1188381 1288482 900 15971 9515 245231 10814 156612 234417 93353 13247323 12536972 218930 155446 14991917 14493466 155531 154872 30460 5030 13403073 12765714 33250 9771 13622314 12935387 X 1359603 1548079 10000 10000 1369603 1558079 14991917 14493466 188476 0 X 0 1 X 1 0 X 199769 195643 329205 554686 384706 1664009 199769 195643 329205 554686 384706 1664009 242004 1422005 2299 940 1674 33611 52124 90648 420 811 5199 433 2308 9171 1763828 6082137 0.80620 0.74170 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANOUS - 2020 AMOUNT: $ 420. 2021 AMOUNT: $ 811. 2022 AMOUNT: $ 5,199. 2023 AMOUNT: $ 433. 2024 AMOUNT: $ 2,308. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10814 10814 0 234417 234417 234417 NOTES RECEIVABLE 12536972 C 12536972 OPERATING LEASE LIABILITY 9771 9771 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% 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 ACCOUNT DURING INTERIM PERIODS. THE ORGANIZATION DOES NOT BELIEVE THAT IT HAS ANY UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2024 AND 2023. 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. CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES MICROFINANCING FOR ECONOMIC ACTIVITIES OF LOW-INCOME PERSONS WITHOUT ACCESS TO COMMERCIAL CREDIT. 709419 SOUTH AMERICA 0 0 PROGRAM SERVICES MICROFINANCING FOR ECONOMIC ACTIVITIES OF LOW-INCOME PERSONS WITHOUT ACCESS TO COMMERCIAL CREDIT. 505758 NORTH AMERICA 0 0 PROGRAM SERVICES MICROFINANCING FOR ECONOMIC ACTIVITIES OF LOW-INCOME PERSONS WITHOUT ACCESS TO COMMERCIAL CREDIT. 76208 0 0 0 0 0 0 1291385 0 1291385 0 0 0 0 0 0 PART I, LINE 3: THE ORGANIZATION USES THE ACCRUAL METHOD OF ACCOUNTING TO ACCOUNT FOR EXPENDITURES FOR ACTIVITIES CONDUCTED IN THE LISTED REGIONS. X X 0 0 0 0 0 0 0 0 0 WILLIAM HARRIS EXECUTIVE DIRECTOR 139000 0 0 0 0 0 4170 0 14560 0 157730 0 0 0 MEGAN VANDER WYST DIRECTOR CAPITAL X 500 500 0 1 1 JORDAN VAN RIJN DIRECTOR CAPITAL X 500 500 0 1 1 JUAN GOMEZ TREASURER CAPITAL X 500 500 0 1 1 MARTIN NIELSEN DIRECTOR CAPITAL X 1030 1030 0 1 1 ANNA KAMINSKI DIRECTOR CAPITAL X 2500 2500 0 1 1 5030 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS MADE UP OF THE PRESIDENT, VICE PRESIDENT, TREASURER AND SECRETARY. 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 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 EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED AND DETERMINED BY THE BOARD OF DIRECTORS. A MARKET COMPENSATION STUDY IS CONDUCTED FOR BASE PAY AND TOTAL CASH COMPENSATION MARKET VALUES. BOARD MINUTES ARE TAKEN REGARDING THE DELIBERATION AND DECISION MADE. THIS WAS LAST COMPLETED IN 2023. 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 OTHER FEES: PROGRAM SERVICE EXPENSES 18,938. MANAGEMENT AND GENERAL EXPENSES 7,187. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,125. LOAN FUND MANAGEMENT: PROGRAM SERVICE EXPENSES 157,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 157,000. COMMUNITY NEEDS LLC 211 S PATERSON ST STE 260 MADISON WI 53703 391521683 MICROFINANCE WI 0 2199 WORING CAPITAL FOR COMMUNITY NEEDS INC