2020-10-09T10:22:35-05:00 2019-12-31 KPMG LLP 345 Park Avenue New York NY 101540102 990 2019-01-01 822828138 WOMEN'S WORLD BANKING INC % CARLOS HORNILLOS-DALISME WOME 2127688513 122 EAST 42ND STREET 42ND FLOOR NEW YORK NY 10168 CARLOS HORNILLOS-DALISME CFAO AND TREASURER 2127688513 2020-09-30 true PHILLIP GROFF P01247783 2127589700 2020-09-30 199.207.253.96 13407320202835000038 2020-10-09 P 108847240F654E1A2B33F5CCBFC7C1F719040048 AAE0097B1BC93C87019AE0794913F3C1E354ED8C 2019 2021-01-29 14:40:06Z MARY ELLEN ISKENDERIAN 122 EAST 42ND STREET 42ND FLO NEW YORK NY 10168 37248408 false X www.womensworldbanking.org X 2017 NY THE MISSION OF WOMENS WORLD BANKING IS TO EXPAND THE ECONOMIC ASSETS, PARTICIPATION OF LOW-INCOME WOMEN AND THEIR HOUSEHOLDS BY HELPING THEM ACCESS FINANCIAL, SEE SCHEDULE O 10 10 80 25 0 0 14060488 10321069 1409031 1124973 809067 1080326 36289 479 16314875 12526847 219620 41000 0 0 9101864 9070336 0 0 2412740 5440778 5791519 14762262 14902855 1552613 -2376008 38348067 38008466 2806527 2591305 35541540 35417161 X THE MISSION OF WOMEN'S WORLD BANKING IS TO EXPAND THE ECONOMIC ASSETS, PARTICIPATION AND POWER OF LOW-INCOME WOMEN AND THEIR HOUSEHOLDS BY HELPING THEM ACCESS FINANCIAL SERVICES, KNOWLEDGE AND MARKETS. FOR MORE INFORMATION, SEE SCHEDULE O. false false 10516143 41000 681264 WOMEN'S WORLD BANKING'S PROGRAMS HOLDS THE ORGANIZATION'S PRIMARY PROGRAMMATIC ACTIVITIES. WITHIN WWB'S PROGRAMMING, THE ORGANIZATION HAS THREE PRIMARY FOCUS AREAS: (A) DEVELOP MARKET DRIVEN FINANCIAL SOLUTIONS: LEVERAGING MARKET INTELLIGENCE IN KEY MARKETS, THE ORGANIZATION UNDERSTANDS MARKET BARRIERS FOR WOMEN'S FINANCIAL INCLUSION BOTH FROM THE PERSPECTIVE OF THE INSTITUTIONS AND WOMEN CLIENTS. THE ORGANIZATION IDENTIFIES CRITICAL PARTNERS WITHIN PRIORITY MARKETS TO DEVELOP COMMERCIALLY VIABLE SOLUTIONS UTILIZING WOMEN CENTERED DESIGN TO PROTOTYPE AND DEVELOP SOLUTIONS THAT HAVE THE HIGHEST POTENTIAL TO DRIVE ENGAGEMENT AMONG UNDERBANKED WOMEN CUSTOMERS. SEE SCHEDULE O. 706179 510043 WWB Asset Management LLC manages private equity investments in high performing, women focused financial institutions worldwide and works to achieve objectives of demonstrating the investment case for conscientious, women focused financial institutions while also achieving positive economic returns. 11222322 true true false false false false false false false true true false false false true true false true false true true true false false false false false false false true false false false false false false false true false true false false true true true false false false true 17 0 80 true false true GM UK false false false true true false false false false false false X 10 10 false false false false false false false true true false false true true true true true true true false false AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X X CARLOS HORNILLOS-DALISME 2127688513 122 EAST 42ND STREET 42ND FL NEW YORK NY 10168 X MARY ELLEN ISKENDERIAN President and CEO 40.0 0.0 X 429457 0 16377 JOHN JONES COO, EVP and Secretary 40.0 0.0 X 312533 0 54757 HARSHA RODRIGUES EVP, CHIEF STRATEGY OFFICER 40.0 0.0 X 209391 0 51553 CARLOS HORNILLOS-DALIS CFAO and Treasurer 40.0 0.0 X 203519 0 49339 KAREN MILLER VP, KNOWLEDGE & COMMUNICATIONS 40.0 0.0 X 208649 0 25501 MARINA DIMOVA MANAG. DIR. OF DESIGN & INNOV. 40.0 0.0 X 165965 0 47226 GIL LACSON DIRECTOR, BUSINESS DEVELOPMENT 40.0 0.0 X 161775 0 46489 SRIRAMAN JAGANNATHAN Country Director, India 40.0 0.0 X 206000 0 0 GILLES RENOUIL DIRECTOR, PRODUCT DEVELOPMENT 40.0 0.0 X 168769 0 29928 CHRISTINA JUHASZ Chief Investment Officer 40.0 0.0 X 137450 0 46503 ADE ASHAYE EVP, Network 40.0 0.0 X 169167 0 7461 TAHARAH ISA Director, Human Resources 40.0 0.0 X 151847 0 24343 KATE WEBSTER LEFT 81 EVP, MKT RESEARCH & SOL. DEV. 40.0 0.0 X 149137 0 19916 SURJIT CHANA LEFT 53 EVP, CORP. ENGAGE. & MARKETING 40.0 0.0 X 121470 0 10311 INEKE BUSSEMAKER DIRECTOR 5.0 0.0 X 0 0 0 CONNIE COLLINGSWORTH COCHAIR/ DIRECTOR 5.0 0.0 X X 0 0 0 PATSY SCIUTTO DOERR Director 5.0 0.0 X 0 0 0 EMER DOOLEY DIRECTOR 5.0 0.0 X 0 0 0 UZOMA DOZIE DIRECTOR (LEFT 10/24/2019) 5.0 0.0 X 0 0 0 SAMIT GHOSH DIRECTOR (LEFT 10/24/2019) 5.0 0.0 X 0 0 0 MARTIN IHRIG DIRECTOR 5.0 0.0 X 0 0 0 ANJALI KUMAR DIRECTOR 5.0 0.0 X 0 0 0 ANIQA SANDHU DIRECTOR 5.0 0.0 X 0 0 0 MUNA SUKHTIAN CoChair/ Director 5.0 0.0 X X 0 0 0 JANET TRUNCALE DIRECTOR 5.0 0.0 X 0 0 0 MICHAEL USEEM DIRECTOR 5.0 0.0 X 0 0 0 2795129 0 429704 33 false true false Crossborders LLC dba RAIN 3333 N DIGITAL DR 700 LEHI UT 84043 MARKETING AND COMM 258539 KPMG LLP 3 CHESTNUT RIDGE ROAD MONTVALE NJ 07645 AUDIT AND TAX 105775 2 2814016 7507053 10059 10321069 FEES FOR SERVICE 541900 747665 747665 WORKSHOP FEES 900099 200258 200258 TICKET SALES 900099 92850 92850 MEMBERSHIP DUES 900099 84200 84200 1124973 497264 497264 0 0 0 0 0 25304623 24721561 583062 583062 583062 0 0 0 0 0 0 0 0 0 OTHER REVENUE 900099 479 479 479 12526847 1125452 1080326 X 0 0 41000 41000 0 0 0 7430272 5298800 741601 1389871 291398 207889 29632 53877 864200 622072 85916 156212 484466 343917 49872 90677 0 80620 77375 3245 111029 10417 93112 7500 0 0 73179 73179 2746234 2436346 44642 265246 0 517230 381903 35531 99796 0 0 527940 364608 57026 106306 1037482 902042 13353 122087 0 463116 372013 8626 82477 0 0 186317 138294 16766 31257 76925 53078 8462 15385 UNRELATED BUSINESS TAX -39756 -27432 -4373 -7951 BAD DEBT 11203 11203 14902855 11222322 1267793 2412740 459817 145012 19081847 17030296 668194 351930 419373 359236 0 0 0 0 0 0 0 0 192644 221596 1178911 705537 598523 473374 16216239 18653941 610954 672605 0 0 0 0 100476 100476 38348067 38008466 961131 657557 0 0 43550 90241 0 0 0 0 0 0 0 0 0 0 1801846 1843507 2806527 2591305 X 9162016 8510379 26379524 26906782 35541540 35417161 38348067 38008466 X -2376008 2247207 4422 X false true X true false X 0 0 0 14060488 10321069 24381557 0 0 0 0 0 14060488 10321069 24381557 11311837 13069720 408732 497264 905996 0 0 25287553 2570772 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16827193 3188555 689202 19326546 0 18342831 -817018 698620 16827193 0.04000 0.96000 false false 244015 72093 171922 606020 406988 199032 328876 226456 102420 473374 0 DEFERRED RENT CREDIT 405298 CASH HELD FOR WWB INVESTMENTS 1438209 1843507 X 15602487 2247207 897190 4422 3148819 12453668 73179 73179 12526847 15731595 897190 4729 901919 14829676 73179 73179 14902855 SCHEDULE D, PART V, LINE 4 - INTENDED USE OF ENDOWMENT FUNDS THE ORGANIZATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR THE CAPITAL FUND THAT ATTEMPTS TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY THE FUND AND TO SUPPORT ORGANIZATIONAL OPERATIONS WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE FUND. THE FUND INCLUDES THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE ORGANIZATION MUST HOLD IN PERPETUITY OR FOR A DONOR-SPECIFIED PERIOD(S). THE ORGANIZATION'S OBJECTIVE IS TO MAINTAIN THE PURCHASING POWER OF THE FUND'S ASSETS HELD IN PERPETUITY OR FOR A SPECIFIED TERM AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN. SCHEDULE D, PART X, LINE 2 - REVIEW OF UNCERTAIN TAX POSITIONS THE ORGANIZATION RECOGNIZES THE EFFECTS OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. THE ORGANIZATION HAS EVALUATED ITS TAX POSITIONS AT DECEMBER 31, 2019, AND HAS DETERMINED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS AND THAT IT WILL CONTINUE TO BE EXEMPT FROM INCOME TAXES. SCHEDULE D, PART XI, LINE 2D - OTHER Foreign currency translation gain 4,422 SCHEDULE D, PART XII, LINE 2D - OTHER WWB INVESTMENT LLC EXPENSES 4,729 true Central America and the Caribbean 0 1 Program Services PART V 5620 Central America and the Caribbean 0 0 Grantmaking PART V 16000 East Asia and the Pacific 1 17 Program Services PART V 2111944 Middle East and North Africa 0 13 Program Services PART V 525808 North America 2 8 Program Services PART V 300447 South Asia 1 21 Program Services PART V 2147039 Sub-Saharan Africa 3 10 Program Services PART V 228103 Sub-Saharan Africa 0 0 Grantmaking PART V 25000 7 70 7 70 5359961 5359961 Central America and the Caribbean PART V 16000 WIRES Sub-Saharan Africa PART V 25000 WIRES 2 false false false false false true SCHEDULE F, PART I, LINE 2 - MONITORING GRANTS OUTSIDE THE US THE ORGANIZATION'S FINANCE TEAM MONITORS THE USE OF THE GRANT FUNDS TO ENSURE THAT THEY ARE BEING USED FOR THE INTENDED PURPOSES VIA AUDITS/INVESTIGATIONS. THE ORGANIZATION'S DEVELOPMENT AND PROGRAMS TEAM WILL ALSO REVIEW SUPPORTING DOCUMENTATION OF THE GRANT BEFORE FUNDS ARE DISBURSED. SCHEDULE F, PART I, LINE 3, COLUMN E - DESCRIPTION OF SERVICE Program services provided in each region were to carry out WWB program service accomplishments, as described in Form 990, Part III, Line 4a. SCHEDULE F, PART I, LINE 3, COLUMN F EXPENDITURES ARE REPORTED ON THE ACCRUAL METHOD. SCHEDULE F, PART II, COLUMN D - PURPOSE OF GRANT THE PURPOSES OF THE GRANTS WERE THE FOLLOWING: *TO FACILITATE A RESEARCH PROJECT X true true X X X X X true false false false false false false true false ADE ASHAYE EVP, Network 169167 0 0 0 0 0 5834 0 1627 0 176628 0 0 0 SURJIT CHANA LEFT 5312019 EVP, CORP. ENGAGE. & MARKETING 121182 0 0 0 288 0 6192 0 4119 0 131781 0 0 0 CARLOS HORNILLOS-DALISME CFAO and Treasurer 202829 0 0 0 690 0 10404 0 38935 0 252858 0 0 0 MARINA DIMOVA MANAG. DIR. OF DESIGN & INNOV. 165695 0 0 0 270 0 8403 0 38823 0 213191 0 0 0 TAHARAH ISA Director, Human Resources 151397 0 0 0 450 0 7809 0 16534 0 176190 0 0 0 MARY ELLEN ISKENDERIAN President and CEO 417477 0 10000 0 1980 0 14000 0 2377 0 445834 0 0 0 SRIRAMAN JAGANNATHAN Country Director, India 206000 0 0 0 0 0 0 0 0 0 206000 0 0 0 JOHN JONES COO, EVP and Secretary 312233 0 0 0 300 0 14000 0 40757 0 367290 0 0 0 CHRISTINA JUHASZ Chief Investment Officer 136774 0 0 0 676 0 7382 0 39121 0 183953 0 0 0 GIL LACSON DIRECTOR, BUSINESS DEVELOPMENT 159795 0 0 0 1980 0 5920 0 40569 0 208264 0 0 0 KAREN MILLER VP, KNOWLEDGE & COMMUNICATIONS 208199 0 0 0 450 0 10549 0 14952 0 234150 0 0 0 GILLES RENOUIL DIRECTOR, PRODUCT DEVELOPMENT 168769 0 0 0 0 0 16014 0 13914 0 198697 0 0 0 HARSHA RODRIGUES EVP, CHIEF STRATEGY OFFICER 208701 0 0 0 690 0 10920 0 40633 0 260944 0 0 0 KATE WEBSTER LEFT 8152019 EVP, MKT RESEARCH & SOL. DEV. 132597 0 0 0 16540 0 5974 0 13942 0 169053 0 0 0 SCHEDULE J, PART I, LINE 1 - SOCIAL CLUB DUES THE PRESIDENT RECEIVED A SOCIAL CLUB BENEFIT THAT IS NOT TAXABLE TO THE PRESIDENT AS THE SOCIAL CLUB MEMBERSHIP IS USED FOR BUSINESS PURPOSES ONLY. DUES ARE PAID DIRECTLY BY WWB TO THE CLUB. THE SOCIAL CLUB DUES ARE EXCLUDED FROM SCHEDULE J, PART II, COLUMN D. AN EXPENSE OF THIS NATURE IS SUBMITTED BY THE OFFICER TO THE COO/CFAO WITH AN EXPLANATION FOR ITS RELEVANCE TO THE ORGANIZATION. THE COO/CFAO APPROVES THE EXPENSE BY ASSESSING IT VALUE AND THE EXPLANATION AS FAIR AND REASONABLE. IF THE COO/CFAO REQUIRES APPROVAL, THE EXPLANATION IS SUBMITTED TO THE CEO FOR REVIEW AND APPROVAL. SCHEDULE J, PART I, LINE 4A - SEVERANCE PAYMENT The EVP for Market Research and Solution Development received a severance payment of $16,352. SCHEDULE J, PART I, LINE 7 - BONUS PAYMENT THE PRESIDENT RECEIVED A NON-FIXED BONUS BASED ON PRE-DETERMINED PERFORMANCE OBJECTIVES. UPON THE PRESIDENT SATISFYING THESE OBJECTIVES, THE WWB COMPENSATION COMMITTEE RECOMMENDED A COMPENSATION BONUS. THE BOARD REVIEWED AND APPROVED THE RECOMMENDATION BONUS. Ujjivan Financial Services Pvt Ltd SEE PART V 288713 SEE PART V false SCHEDULE L, PART IV - BUSINESS TRANSACTIONS RELATIONSHIP BETWEEN UJJIVAN FINANCIAL SERVICES PVT LTD AND WWB: WWB Director (Samit Ghosh) is Founder of Ujjivan. DESCRIPTION OF TRANSACTION WITH UJJIVAN FINANCIAL SERVICES PVT LTD: Samit Ghosh, a current board member, is the founder of the institution which WWB provides technical assistance and program implementation. SAMIT GHOSH LEFT THE BOARD ON 10/24/2019. X Equipment 1 10059 FMV false true false SCHEDULE M, PART I, COLUMN (B) THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART I, LINE 1 & PART III, LINE 1 ORGANIZATION'S MISSION: THE MISSION OF THE WOMEN'S WORLD BANKING IS TO EXPAND THE ECONOMIC ASSETS, PARTICIPATION AND POWER OF LOW-INCOME WOMEN AND THEIR HOUSEHOLDS BY HELPING THEM ACCESS FINANCIAL SERVICES, KNOWLEDGE AND MARKETS. OUR VISION IS THAT ONE DAY ALL WOMEN WILL BE ABLE TO BUILD A SECURE FINANCIAL FUTURE FOR THEMSELVES AND THEIR HOUSEHOLDS. WOMEN'S WORLD BANKING DESIGNS AND INVESTS IN THE FINANCIAL SOLUTIONS, INSTITUTIONS, AND POLICY ENVIRONMENTS IN EMERGING MARKETS TO CREATE GREATER ECONOMIC STABILITY AND PROSPERITY FOR WOMEN, THEIR FAMILIES AND THEIR COMMUNITIES. WITH A GLOBAL REACH OF 53 PARTNERS IN 32 COUNTRIES SERVING MORE THAN 30 MILLION WOMEN CLIENTS, WOMEN'S WORLD BANKING DRIVES IMPACT THROUGH ITS SCALABLE, MARKET-DRIVEN SOLUTIONS; GENDER-LENS PRIVATE EQUITY FUND; AND ITS LEADERSHIP AND DIVERSITY PROGRAMS. WOMEN'S WORLD BANKING WORKS WITH FINANCIAL INSTITUTIONS TO: *CREATE INNOVATIVE FINANCIAL PRODUCTS INCLUDING CREDIT, SAVINGS AND INSURANCE AND WORKS WITH PARTNERS TO BRING THESE PRODUCTS TO SCALE. WE DO THIS THROUGH UNDERSTANDING THE FINANCIAL NEEDS OF WOMEN AND THEN CREATING PRODUCTS TO FIT THOSE NEEDS. BY DESIGNING TAILORED PRODUCTS AND USING MARKETING AND DELIVERY TECHNIQUES IN NEW WAYS, WE SEEK TO SERVE MORE WOMEN THAN EVER BEFORE WITH THE FINANCIAL TOOLS AND RESOURCES THEY NEED. *PROVIDE LEADERSHIP & DIVERSITY PROGRAMS IN ORDER TO STRENGTHEN THE GENDER DIVERSITY OF FINANCIAL SERVICE PROVIDERS AND BUILD A PIPELINE OF WOMEN LEADERS; AND *SHARE KNOWLEDGE AND INNOVATION BY PROVIDING NETWORK MEMBERS OPPORTUNITIES TO EXCHANGE BEST PRACTICES WITH OTHER LEADERS. BY INVESTING IN WOMEN WE PRODUCE A MULTIPLIER EFFECT ON THE WELL-BEING OF THEIR HOUSEHOLDS AND COMMUNITIES. FORM 990, PART III, LINE 4A - PROGRAM SERVICE ACCOMPLISHMENTS (CONT'D) (b) Deliver Leadership & Diversity programs: The Organization delivers a wide variety of global, regional, and customized training programs for financial service providers and regulatory bodies to build stronger, more gender diverse teams and drive increased focus on serving the women's market. (c) Action for Influence: The Organization takes the lessons learned and best practices from developing market driven financial solutions, its research and leadership & diversity programs and shares this work more broadly through targeted influencer outreach, conferences, speaking engagements, roundtables, publications, social media, and peer learning. The goal for sharing knowledge more broadly is to influence others to increase focus on women's financial inclusion. FORM 990 PART VI, SECTION B, LINE 11 A/B - FORM 990 REVIEW THE ORGANIZATION'S FORM 990 IS INITIALLY PREPARED BY AN INDEPENDENT ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY THE ORGANIZATION'S FINANCE DEPARTMENT. THE FINANCE DEPARTMENT THEN REVIEWS AND PROVIDES COMMENTS ON THE RETURN AS DRAFTED BY THE ACCOUNTING FIRM. THE ORGANIZATION'S CFAO, COO AND CEO THEN REVIEW AND APPROVE THE REVISED DRAFT RETURN. THE DRAFT IS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE THEN DISTRIBUTED TO THE FULL BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C - CONFLICT OF INTEREST POLICY PER THE WRITTEN CONFLICT OF INTEREST POLICY, EACH DIRECTOR AND ALL EMPLOYEES AND CONSULTANTS WHEN HIRED ARE ASKED TO COMPLETE AND SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT. ADDITIONAL SUBMISSIONS SHOULD BE MADE THROUGH A SUPERVISOR UPON OCCURRENCE OF ANY NEW ACTIVITY, INTEREST OR RELATIONSHIP, WHICH MAY GIVE RISE TO A CONFLICT OF INTEREST OR THE APPEARANCE OF A CONFLICT OF INTEREST. IT IS NOT THE INTENTION OF THE ORGANIZATION TO REQUIRE ITS EMPLOYEES TO EXERCISE INDEPENDENT JUDGMENT REGARDING A SPECIFIC SITUATION, AND ANY DOUBTS SHOULD ALWAYS BE RESOLVED IN FAVOR OF DISCLOSURE SO THAT AN INFORMED JUDGMENT MAY BE MADE. A CONFLICT OF INTEREST DISCLOSURE STATEMENT IS ALSO FURNISHED ANNUALLY TO EACH DIRECTOR AND STAFF OFFICER CURRENTLY SERVING THIS ORGANIZATION. THIS POLICY IS REVIEWED ANNUALLY FOR THE INFORMATION AND GUIDANCE OF TRUSTEES AND STAFF OFFICERS. ANY NEW DIRECTORS OR STAFF OFFICERS ARE ADVISED OF THE POLICY AND FURNISHED A DISCLOSURE STATEMENT UPON UNDERTAKING THE DUTIES OF OFFICE. UPON OCCURRENCE OF ANY NEW ACTIVITY, INTEREST, OR RELATIONSHIP, WHICH MAY GIVE RISE TO A CONFLICT OF INTEREST OR THE APPEARANCE OF A CONFLICT OF INTEREST, ADDITIONAL SUBMISSIONS SHOULD BE MADE IN WRITING TO A SUPERVISOR, IF THE INTERESTED INDIVIDUAL IS A STAFF MEMBER; TO THE CHAIR, IF THE INTERESTED INDIVIDUAL IS A DIRECTOR; OR TO THE BOARD, IF THE PRESIDENT IS INVOLVED IN THE CONFLICT. WHEN A DIRECTOR IS INVOLVED, THE DESIGNATED REVIEWING OFFICIAL HAS A RESPONSIBILITY TO BRING A POTENTIAL CONFLICT OF INTEREST TO THE ATTENTION OF THE BOARD PROMPTLY FOR ACTION AT THE NEXT REGULAR MEETING OF THE BOARD OR DURING A SPECIAL MEETING CALLED SPECIFICALLY TO REVIEW THE POTENTIAL CONFLICT OF INTEREST. THE AUDIT COMMITTEE HAS BEEN DELIGATED THE ABILITY TO VOTE ON THE BOARD'S BEHALF ON ALL MATTERS RELATED TO CONFLICTS OF INTEREST, EXCEPT WHEN ONE OF THE COMMITTEE MEMBERS IS THEMSELVES CONFLICTED, IN WHICH CASE THE BOARD WILL OVERSEE THE RESOLUTION OF THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A - COMPENSATION REVIEW THE ORGANIZATION ADHERES TO THE FOLLOWING POLICIES AND PROCEDURES FOR DETERMINING COMPENSATION OF THE CEO: (1) REVIEW AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE OF THE ORGANIZATION; (2) USE OF DATA AS TO COMPARABLE COMPENSATION; AND (3) CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATIONS AND DECISIONS. 1. REVIEW AND APPROVAL. THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS OR COMPENSATION COMMITTEE OF THE ORGANIZATION, PROVIDED THAT PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. 2. USE OF DATA AS TO COMPARABLE COMPENSATION. THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. 3. UPON RECOMMENDATION FROM THE COMPENSATION COMMITTEE, THE BOARD APPROVES THE COMPENSATION AND SAID DECISION IS RECORDED IN THE MINUTES. EXCLUDING THE CEO, THE COMPENSATION FOR THE OTHER OFFICERS OF THE ORGANIZATION ARE REVIEWED ANNUALLY BY THE CEO OR UPON RECEIVING THE DUTIES OF AN OFFICER. THE CEO DETERMINES APPROPRIATE COMPENSATION IN COORDINATION WITH THE HUMAN RESOURCES DIRECTOR AND IN CONJUNCTION WITH THE ANNUAL PERFORMANCE ASSESSMENT. FORM 990, PART VI, SECTION C, LINE 19 - DOCUMENT AVAILABILITY THE ORGANIZATION PUBLISHES THROUGH ITS WEBSITE, AN ANNUAL REPORT Inclusive of financials along with the Form 990 and audited financial statements. THE FORM 990 IS ALSO AVAILABLE TO THE PUBLIC THROUGH THE GUIDESTAR WEBSITE. FORM 990, PART XI, LINE 9 - OTHER CHANGES Foreign currency translation gain 4,422 FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTANTS AND OTHER FEES TOTAL FEES:2746234 WWB Asset Management LLC 122 East 42nd Street 42nd Fl New York NY 10168 274512701 Investment NY 510894 406399 WWB Inc WWB Investments II LLC 122 East 42nd Street 42nd Fl New York NY 10168 320583462 Investment DE 0 0 WWB Inc WWB Investments LLC 122 East 42nd Street 42nd Fl New York NY 10168 452838974 Investment DE WWB Inc EXCLUDED false 0 true 0.70000 false false false false false false false false false false false false false false false false true true