2017-05-09T15:28:07-05:00 2016-12-31 390974031 WEGNER CPAS LLP 2110 LUANN LN MADISON WI 537133074 990 2016-01-01 391521683 WORKING CAPITAL FOR COMMUNITY NEEDS INC WORK 6082577230 517 N SEGOE RD NO 209 MADISON WI 537053172 NANCY METZGER EXECUTIVE DIRECTOR 6082577230 2017-05-01 1 YIGIT UCTUM CPA P01269549 6082744020 97.91.110.18 2017-05-01 10:56:19 CD P F5220C048E8F4764883E15D3AD23391DA5D6985E 38ADCCD4451C13DD10062D258D4F13D8E82D36F2 2016 2021-01-29 14:40:06Z NANCY METZGER 517 N SEGOE RD NO 209 MADISON WI 537053172 1427362 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 6 8 16 0 0 129149 323848 1085010 1097855 4053 5639 8929 20 1227141 1427362 0 2505 0 0 524353 455683 0 0 86653 1040443 1062661 1564796 1520849 -337655 -93487 12773146 12643216 11404799 11467372 1368347 1175844 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 1151142 2505 1097855 WORKING CAPITAL FOR COMMUNITY NEEDS 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. 24018 WCCN ALSO FOSTERS GREATER UNDERSTANDING, GOODWILL, AND PEACE THROUGH PEOPLE-TO-PEOPLE EXCHANGES AND OUR EDUCATIONAL ACTIVITIES. OUR EDUCATIONAL ACTIVES INCLUDE U.S./LATIN AMERICAN SPEAKER EXCHANGES, STUDY TOURS TO LATIN AMERICA AND A QUARTERLY NEWSLETTER. 1175160 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 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 1 300 0 8 1 0 0 0 0 0 0 0 0 0 0 X 13 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 WI X RICK TVEDT 6082577230 517 N SEGOE RD STE 209 MADISON WI 537053172 WILLIAM HARRIS PRESIDENT 2.00 X X 0 0 0 ELIZA WATERS SECRETARY 2.00 X X 0 0 0 THOMAS SCHWEI TREASURER 2.00 X X 0 0 0 JOHN SCHRODER DIRECTOR 1.00 X 0 0 0 LAURA GRAHAM DIRECTOR 1.00 X 0 0 0 TAMMY KOESTER PARKS VICE PRESIDENT/INTERIM PRESIDENT 2.00 X 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 AN NGUYEN DIRECTOR 1.50 X 0 0 0 KATE TOEWS DIRECTOR 1.50 X 0 0 0 SUE LLOYD DIRECTOR 1.00 X 0 0 0 JULIE ANDERSEN DIRECTOR 1.00 X 0 0 0 MICHELLE POBJOY 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 323848 323848 PROGRAM LOAN INTEREST 522291 1029664 1029664 LOAN ORIGINATION FEES 522291 68191 68191 1097855 5639 5639 MISCELLANEOUS REVENUE 900099 20 20 20 1427362 1097855 0 5659 X 2505 2505 137659 78605 45797 13257 265237 151453 88240 25544 7016 4006 2334 676 21318 12173 7092 2053 24453 13963 8135 2355 84886 69434 11027 4425 21852 21852 182429 147932 29949 4548 23833 10701 225 12907 44169 27328 9265 7576 18672 13291 2951 2430 67424 62877 2346 2201 8721 1952 4440 2329 347538 347538 30248 21530 4781 3937 20521 6506 13709 306 PROVISION FOR LOAN LOSS 181966 181966 DUES AND SUBSCRIPTIONS 10533 8001 699 1833 PROVISION FOR INTEREST 10351 10351 9518 3048 6194 276 1520849 1175160 259036 86653 692002 254965 603851 1766543 6535 26045 1067 18833 28828 97768 82206 119374 15562 11147517 10334787 183967 216486 12773146 12643216 144615 82632 101865 97472 11158319 11287268 11404799 11467372 X 1368347 1142844 33000 1368347 1175844 12773146 12643216 X -93487 -12514 -86502 X 0 1 X 1 0 X 149636 144559 105687 129149 323848 852879 149636 144559 105687 129149 323848 852879 357914 494965 6124 486 3460 4053 5639 19762 5103 742 20146 8734 20 34745 907386 5784791 0.54550 0.65720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 64937 63874 1063 32831 18332 14499 15562 NOTES RECEIVABLE 10334787 C 10334787 CENTRAL AMERICA 0 0 PROGRAM SERVICES AND GRANTS TO RECIPIENTS FINANCING FOR ECONOMIC ACTIVITIES OF LOW-INCOME PERSONS WITHOUT ACCESS TO COMMERCIAL CREDIT 695316 SOUTH AMERICA - ECUADOR AND PERU 0 0 PROGRAM SERVICES AND GRANTS TO RECIPIENTS FINANCING FOR ECONOMIC ACTIVITIES OF LOW-INCOME PERSONS WITHOUT ACCESS TO COMMERCIAL CREDIT 409527 CENTRAL AMERICA 0 0 PROGRAM RELATED INVESTMENTS 8777484 SOUTH AMERICA - ECUADOR AND PERU 0 0 PROGRAM RELATED INVESTMENTS 3965994 0 0 0 0 0 0 13848321 0 13848321 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 WILLIAM HARRIS DIRECTOR CAPITAL FOR THE CAPITAL FOR COMMUNITIES FUND X 1000 1000 0 1 1 KATE TOEWS DIRECTOR CAPITAL FOR THE CAPITAL FOR COMMUNITIES FUND X 2000 2000 0 1 1 THOMAS SCHWEI TREASURER CAPITAL FOR THE CAPITAL FOR COMMUNITIES FUND X 10455 10455 0 1 1 JULIE ANDERSEN DIRECTOR CAPITAL FOR THE CAPITAL FOR COMMUNITIES FUND X 1000 1000 0 1 1 NICOLE BICE DIRECTOR CAPITAL FOR THE CAPITAL FOR COMMUNITIES FUND X 1005 1005 0 1 1 TAMMY KOESTER PARKS DIRECTOR CAPITAL FOR THE CAPITAL FOR COMMUNITIES FUND X 1000 1000 0 1 1 NANCY METZGER CAPITAL FOR THE CAPITAL FOR COMMUNITIES FUND X 1012 1012 0 1 1 97472 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. DURING 2012, THE DIRECTORS HIRED AN INDEPENDENT CONSULTING FIRM THAT SPECIALIZES IN MANAGEMENT ISSUES TO REVIEW THE ORGANIZATION'S COMPENSATION STRUCTURE AND PERFORM A COMPENSATION MARKET ANALYSIS. BASED ON THIS ANALYSIS, THE EXECUTIVE DIRECTOR'S COMPENSATION WAS ADJUSTED AS NECESSARY AND APPROVED BY THE MEMBERS OF THE GOVERNING BODY. THE ORGANIZATION ALSO PARTICIPATES IN COMPENSATION BENCHMARKING SURVEYS FOR NONPROFIT ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON ITS WEBSITE AND UPON REQUEST. THE AUDITED FINANCIAL STATEMENTS ARE ALSO PUBLISHED IN THE CAPITAL FOR COMMUNITIES FUND PROSPECTUS. THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 147,932. MANAGEMENT AND GENERAL EXPENSES 29,949. FUNDRAISING EXPENSES 4,548. TOTAL EXPENSES 182,429. FORM 990, PART XI, LINE 9: LOSS ON HEDGED INTEREST -4,791. LOSS ON DISPOSAL OF SOFTWARE -81,711. COMMUNITY NEEDS LLC 517 N SEGOE RD STE 209 MADISON WI 537053172 391521683 PROMOTE ECONOMIC DEVELOPMENT IN THE GREATER LATIN AMERICA REGION WI 14658 657148 WORKING CAPITAL FOR COMMUNITY NEEDS INC