2020-06-05T08:35:05-05:00 2019-12-31 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 777 E WISCONSIN AVENUE 32ND FLOOR MILWAUKEE WI 53202 990 2019-01-01 391521683 WORKING CAPITAL FOR COMMUNITY NEEDS INC WORK 6082577230 211 S PATERSON STREET NO 260 MADISON WI 53703 WILLIAM HARRIS EXECUTIVE DIRECTOR 6082577230 2020-05-29 1 TROY E MARINE CPA P00187863 4147775500 2020-05-20 71.159.58.30 2020-05-29 09:14:18 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 AE93E721A4DD0EED093D4162907705053E696DB9 2019 2020-09-23 17:36:50Z WILLIAM HARRIS 211 S PATERSON STREET NO 260 MADISON WI 53703 1377808 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. 11 7 4 4 0 0 403108 371232 1019411 984912 -3728 4046 817 17521 1419608 1377711 30143 33300 0 0 269777 269814 0 0 66707 788848 782173 1088768 1085287 330840 292424 11123887 11589085 10628698 10801472 495189 787613 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 781584 27000 984912 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, AND PERU. 9290 6300 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. 790874 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 1 0 1 1 1 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 1 278 0 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 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 THOMAS SCHWEI DIRECTOR 2.00 X 0 0 0 ELIZA WATERS PRESIDENT 2.00 X X 0 0 0 FRANK STANISZEWSKI TREASURER 2.00 X X 0 0 0 LAURA GRAHAM SECRETARY 1.00 X X 0 0 0 JOHN SCHRODER DIRECTOR 1.00 X 0 0 0 ROBERT LAMB DIRECTOR 1.00 X 0 0 0 NICHOLAS VANDERVELDE DIRECTOR 1.00 X 0 0 0 MARK ELSDON VICE PRESIDENT 1.50 X X 0 0 0 MEGAN VANDER WYST DIRECTOR 1.00 X 0 0 0 SUE LLOYD DIRECTOR EMERITUS 1.00 X 0 0 0 CRISTINA DAZA DIRECTOR 1.00 X 0 0 0 JORDAN VAN RIJN DIRECTOR 1.00 X 0 0 0 WILL HARRIS EXECUTIVE DIRECTOR 40.00 X 96517 0 14228 96517 0 14228 0 0 0 0 0 371232 371232 PROGRAM LOAN INTEREST 522291 927747 927747 LOAN ORIGINATION FEES 522291 57165 57165 984912 4143 4143 97 -97 -97 -97 MISCELLANEOUS REVENUE 900099 17521 17521 17521 1377711 984912 0 21567 33300 33300 110745 39999 69092 1654 119175 36903 60761 21511 6687 6687 15813 1421 14138 254 17394 9741 5914 1739 134714 132551 1263 900 40346 33589 6757 26520 300 26220 11012 6716 3419 877 25760 10710 9655 5395 28709 14579 11931 2199 45003 35221 9782 20043 2922 2846 14275 312630 312630 14872 6694 7775 403 PROVISION FOR LOAN LOSS 97251 97251 MISCELLANEOUS EXPENSE 25313 16347 1248 7718 1085287 790874 227706 66707 52908 197180 525537 699548 9500 19052 21917 15814 15814 0 0 10356388 10386025 170002 274915 11123887 11589085 91771 104063 58916 57173 10475170 10581157 2841 59079 10628698 10801472 X 495189 787613 495189 787613 11123887 11589085 292424 0 X 0 1 X 1 0 X 129149 323848 124077 403108 371232 1351414 129149 323848 124077 403108 371232 1351414 395244 956170 4053 5639 7792 4804 4143 26431 8734 20 11813 817 17521 38905 1416750 5117724 0.67490 0.57360 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2015 AMOUNT: $ 8,734. 2016 AMOUNT: $ 20. 2017 AMOUNT: $ 11,813. 2018 AMOUNT: $ 817. 2019 AMOUNT: $ 17,521. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5000 5000 0 10814 10814 0 0 NOTES RECEIVABLE 10386025 C 10386025 DERIVATIVES FAIR VALUE 7990 OPERATING LEASE 51089 59079 1 CENTRAL AMERICA 0 1 FINANCING FOR ECONOMIC ACTIVITIES OF LOW-INCOME PERSONS WITHOUT ACCESS TO COMMERCIAL CREDIT 497107 SOUTH AMERICA - COLOMBIA, ECUADOR AND PERU 0 1 FINANCING FOR ECONOMIC ACTIVITIES OF LOW-INCOME PERSONS WITHOUT ACCESS TO COMMERCIAL CREDIT 263749 SOUTH AMERICA - COLOMBIA, ECUADOR AND PERU 0 0 PROGRAM RELATED INVESTMENTS 4623313 CENTRAL AMERICA 0 0 PROGRAM RELATED INVESTMENTS 6979497 0 2 0 0 0 2 12363666 0 12363666 CENTRAL AMERICA AND THE CARIBBEAN DEVELOPMENT OF THE JEVON NEWAN FOREST 27000 WIRE TRANSFER SOUTH AMERICA INSOTEC 6300 WIRE TRANSFER 1 1 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: SUE LLOYD EMERITUS CAPITAL FOR THE COMMUNITY NEEDS FUND X 80000 40000 0 1 1 MARK ELSDON VICE PRESIDENT CAPITAL FOR THE COMMUNITY NEEDS FUND X 2000 2158 0 1 1 THOMAS SCHWEI DIRECTOR CAPITAL FOR THE COMMUNITY NEEDS FUND X 10455 11313 0 1 1 LAURA GRAHAM DIRECTOR CAPITAL FOR THE COMMUNITY NEEDS FUND X 5000 2692 0 1 1 WILLIAM HARRIS EXECUTIVE DIRECTOR CAPITAL FOR THE COMMUNITY NEEDS FUND X 1000 1010 0 1 1 57173 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. COMMUNITY NEEDS LLC 330 S WHITNEY WAY STE 200 MADISON WI 537054638 391521683 PROMOTE ECONOMIC DEVELOPMENT IN THE GREATER LATIN AMERICAN REGION WI 105165 1725200 WORKING CAPITAL FOR COMMUNITY NEEDS INC