2018-09-07T14:06:26-05:00 2017-12-31 390974031 WEGNER CPAS LLP 2921 LANDMARK PL STE 300 MADISON WI 537134236 990 2017-01-01 391521683 WORKING CAPITAL FOR COMMUNITY NEEDS INC WORK 6082577230 330 S WHITNEY WAY NO 200 MADISON WI 537054638 WILLIAM HARRIS INTERIM EXECUTIVE DIRECTOR 6082577230 2018-08-31 1 YIGIT UCTUM CPA P01269549 6082744020 66.222.124.178 2018-08-31 08:45:02 CD P 68342E75F01A61EB9B1EE0111EA88A19222854B3 B169A553E6FC674180C4B0C62460B1C0CC916730 2017 2018-06-14 16:35:46Z X WILLIAM HARRIS 330 S WHITNEY WAY NO 200 MADISON WI 537054638 1190069 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 8 8 19 0 0 323848 124077 1097855 1046387 5639 7792 20 11813 1427362 1190069 2505 38617 0 0 455683 426796 0 0 49063 1062661 1726899 1520849 2192312 -93487 -1002243 12643216 11847548 11467372 11683199 1175844 164349 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 1833430 38617 1046387 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. 47783 WCCN ALSO FOSTERS GREATER UNDERSTANDING, GOODWILL, AND PEACE THROUGH PEOPLE-TO-PEOPLE EXCHANGES AND OUR EDUCATIONAL ACTIVITIES. OUR EDUCATIONAL ACTIVITES INCLUDE U.S./LATIN AMERICAN SPEAKER EXCHANGES, STUDY TOURS TO LATIN AMERICA, AND A QUARTERLY NEWSLETTER. 1881213 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 1 277 0 8 1 0 0 0 0 0 0 0 0 0 0 X 14 8 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X RICK TVEDT 6082577230 330 S WHITNEY WAY STE 200 MADISON WI 537054638 THOMAS SCHWEI PRESIDENT 2.00 X X 0 0 0 TAMMY KOESTER PARKS VICE PRESIDENT 2.00 X X 0 0 0 ELIZA WATERS SECRETARY 2.00 X X 0 0 0 AN NGUYEN TREASURER 2.00 X X 0 0 0 LAURA GRAHAM DIRECTOR 1.00 X 0 0 0 JOHN SCHRODER DIRECTOR 1.00 X 0 0 0 LAYLA KAIKSOW DIRECTOR 1.00 X 0 0 0 NICOLE BICE DIRECTOR 1.00 X 0 0 0 ROBERT LAMB DIRECTOR 1.00 X 0 0 0 NICHOLAS VANDERVELDE DIRECTOR 1.50 X 0 0 0 MARK ELSDON DIRECTOR 1.50 X 0 0 0 SAMIRA SALEM DIRECTOR 1.50 X 0 0 0 SUE LLOYD DIRECTOR 1.00 X 0 0 0 WILL ROSENHEIMER DIRECTOR 1.00 X 0 0 0 NANCY METZGER EXECUTIVE DIRECTOR 40.00 X 131606 0 6053 131606 0 6053 1 0 0 0 0 124077 124077 PROGRAM LOAN INTEREST 522291 975964 975964 LOAN ORIGINATION FEES 522291 70423 70423 1046387 7792 7792 BUILDING REPAIRS REIMB 900099 10000 10000 MISCELLANEOUS REVENUE 900099 1813 1813 11813 1190069 1046387 0 19605 38617 38617 137659 74463 54502 8694 235621 127453 93288 14880 6481 3506 2566 409 24127 13051 9552 1524 22908 12391 9070 1447 86520 86520 63394 62774 620 20884 20884 101329 77828 23501 12907 2137 10770 58617 36148 16332 6137 26522 16173 8656 1693 58327 53235 3643 1449 8837 4757 3913 167 344647 344647 3296 2757 539 14283 5946 8085 252 PROVISION FOR LOAN LOSS 919846 919846 DUES AND SUBSCRIPTIONS 1867 562 387 918 5623 1159 4280 184 2192312 1881213 262036 49063 254965 446048 1766543 1495236 26045 28828 15991 90979 88540 15562 2439 10334787 9739306 216486 148528 12643216 11847548 82632 67130 7500 564 97472 100848 11287268 11501340 0 5817 11467372 11683199 X 1142844 159496 33000 4853 1175844 164349 12643216 11847548 X -1002243 1843 -11095 X 0 1 X 1 0 X 144559 105687 129149 323848 124077 827320 144559 105687 129149 323848 124077 827320 280090 547230 486 3460 4053 5639 7792 21430 742 20146 8734 20 11813 41455 890205 5601308 0.61470 0.54550 X 64937 64937 0 26042 23603 2439 2439 NOTES RECEIVABLE 9739306 C 9739306 DERIVATIVES FAIR VALUE 5817 5817 1 CENTRAL AMERICA 0 6 FINANCING FOR ECONOMIC ACTIVITIES OF LOW-INCOME PERSONS WITHOUT ACCESS TO COMMERCIAL CREDIT 1056219 SOUTH AMERICA - ECUADOR AND PERU 0 1 FINANCING FOR ECONOMIC ACTIVITIES OF LOW-INCOME PERSONS WITHOUT ACCESS TO COMMERCIAL CREDIT 12912 SOUTH AMERICA - ECUADOR AND PERU 0 1 PROGRAM RELATED INVESTMENTS 3179654 CENTRAL AMERICA 0 6 PROGRAM RELATED INVESTMENTS 8016804 0 14 0 0 0 14 12265589 0 12265589 CENTRAL AMERICA AND THE CARIBBEAN DEVELOPMENT OF THE JEVON NEWAN FOREST 30147 WIRE TRANSFER SOUTH AMERICA FLOOD RELIEF GRANT 8470 WIRE TRANSFER 2 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. SUE LLOYD DIRECTOR CAPITAL FOR THE COMMUNITY NEEDS AND LLC FUND X 80000 80000 0 1 1 NICOLE BICE DIRECTOR CAPITAL FOR THE CAPITAL FOR COMMUNITIES FUND X 1005 1025 0 1 1 MARK ELSDON DIRECTOR CAPITAL FOR THE CAPITAL FOR COMMUNITIES FUND X 2000 2034 0 1 1 THOMAS SCHWEI PRESIDENT CAPITAL FOR THE CAPITAL FOR COMMUNITIES FUND X 10455 10768 0 1 1 TAMMY KOESTER PARKS VICE PRESIDENT CAPITAL FOR THE CAPITAL FOR COMMUNITIES FUND X 1000 1009 0 1 1 LAURA GRAHAM DIRECTOR CAPITAL FOR THE CAPITAL FOR COMMUNITIES FUND X 5000 5000 0 1 1 NANCY METZGER EXECUTIVE DIRECTOR CAPITAL FOR THE CAPITAL FOR COMMUNITIES FUND X 1012 1012 0 1 1 100848 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION LEASES ITS CHIEF FINANCIAL OFFICER FROM OUTSOURCED CFO SOLUTIONS, LLC. THE CHIEF FINANCIAL OFFICER'S DUTIES INCLUDE PLANNING AND EXECUTING BUDGETS AND FINANCIAL OPERATIONS. DURING CALENDAR YEAR 2017 THE CHIEF FINANCIAL OFFICER RECIEVED $86,520 OF REPORTABLE COMPENSATION FROM OUTSOURCED CFO SOLUTIONS, LLC. 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 15 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 XI, LINE 9: LOSS ON HEDGED INTEREST -5,817. LOSS ON DISPOSAL OF SOFTWARE -5,278. COMMUNITY NEEDS LLC 330 S WHITNEY WAY STE 200 MADISON WI 537054638 391521683 PROMOTE ECONOMIC DEVELOPMENT IN THE GREATER LATIN AMERICA REGION WI 10854 673658 WORKING CAPITAL FOR COMMUNITY NEEDS INC