2016-07-29T16:46:20-05:00 2015-12-31 390974031 WEGNER CPAS LLP 2110 LUANN LN MADISON WI 537133074 990 2015-01-01 391521683 WORKING CAPITAL FOR COMMUNITY NEEDS INC WORK 6082577230 517 N SEGOE RD NO 209 MADISON WI 537053172 NANCY METZGER EXECUTIVE DIRECTOR 6082577230 2016-07-28 1 SCOTT HAUMERSEN CPA P00084908 6082744020 2015 2016-12-15 16:53:06Z NANCY METZGER 517 N SEGOE RD NO 209 MADISON WI 537053172 1227141 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 8 20 0 0 105687 129149 1236154 1085010 3460 4053 12497 8929 1357798 1227141 48951 0 0 0 495305 524353 0 0 71758 1295270 1040443 1839526 1564796 -481728 -337655 13453896 12773146 11748402 11404799 1705494 1368347 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 1157130 1085010 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. 46451 WORKING CAPITAL FOR COMMUNITY NEEDS 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. 1203581 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 1 295 0 8 1 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 RICK TVEDT 6082577230 517 N SEGOE RD STE 209 MADISON WI 537053172 JULIE ANDERSEN PRESIDENT 2.00 1.00 X X 0 0 0 SCOTT HAGEN SECRETARY 2.00 1.00 X X 0 0 0 THOMAS SCHWEI TREASURER 2.00 1.00 X X 0 0 0 JOHN SCHRODER DIRECTOR 1.00 0.50 X 0 0 0 KATE TOEWS DIRECTOR 1.00 0.50 X 0 0 0 TAMMY KOESTER PARKS VICE PRESIDENT 2.00 1.00 X X 0 0 0 WILLIAM HARRIS DIRECTOR 1.00 0.50 X 0 0 0 NICOLE BICE DIRECTOR 1.00 0.50 X 0 0 0 BOB LAMB DIRECTOR 1.00 0.50 X 0 0 0 NICHOLAS VANDE-VELDI DIRECTOR 1.50 0.50 X 0 0 0 ELIZA WATERS DIRECTOR 1.50 0.50 X 0 0 0 FAUSH RIVERA DIRECTOR 1.50 0.50 X 0 0 0 NANCY METZGER EXECUTIVE DIRECTOR 40.00 5.00 X 131606 0 6240 131606 0 6240 1 0 0 0 0 129149 129149 PROGRAM LOAN INTEREST 522291 1026160 1026160 LOAN ORIGINATION FEES 522291 58850 58850 1085010 4053 4053 195 0 195 195 MISCELLANEOUS REVENUE 900099 8734 8734 8734 1227141 1085010 0 12982 X 137846 84944 42615 10287 324713 200097 100383 24233 8025 4945 2481 599 22071 13601 6823 1647 31698 19533 9799 2366 50645 48817 1828 56953 56953 230024 179665 46134 4225 9108 3436 5672 40830 30654 4793 5383 20433 15636 2543 2254 102980 95519 3005 4456 9918 1745 5446 2727 354160 354047 113 27560 23695 3865 13570 11961 1348 261 PROVISION FOR LOAN LOSS 87565 87565 PROVISION FOR INTEREST 12919 12919 DUES AND SUBSCRIPTIONS 12094 9299 2795 11684 5503 1328 4853 1564796 1203581 289457 71758 405899 692002 525137 603851 10844 6535 1067 1067 15566 18833 171331 51957 56314 119374 12320625 11147517 118444 183967 13453896 12773146 116488 144615 100317 101865 11531597 11158319 11748402 11404799 X 1705494 1368347 1705494 1368347 13453896 12773146 X -337655 -8568 9076 X X 0 1 X 1 0 X 100423 149636 144559 105687 129149 629454 100423 149636 144559 105687 129149 629454 172448 457006 8304 6124 486 3460 4053 22427 8818 5103 742 20146 8734 43543 695424 5726963 0.65720 0.62210 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 64937 42228 22709 106394 9729 96665 119374 NOTES RECEIVABLE 11021330 C NOTES RECEIVABLE 126187 F 11147517 CENTRAL AMERICA 0 0 PROGRAM SERVICES AND GRANTS TO RECIPIENTS FINANCING FOR ECONOMIC ACTIVITIES OF LOW-INCOME PERSONS WITHOUT ACCESS TO COMMERCIAL CREDIT 1582435 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 164025 CENTRAL AMERICA 0 0 PROGRAM RELATED INVESTMENTS 7591893 SOUTH AMERICA - ECUADOR AND PERU 0 0 PROGRAM RELATED INVESTMENTS 4318073 0 0 0 0 0 0 13656426 0 13656426 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. SCOTT HAGEN DIRECTOR CAPITAL FOR THE CAPITAL FOR COMMUNITIES FUND X 5356 5356 0 1 1 SUE LLOYD DIRECTOR CAPITAL FOR THE COMMUNITY NEEDS AND LLC FUND X 120000 80000 0 1 1 SHELDON RAMPTON DIRECTOR CAPITAL FOR THE CAPITAL FOR COMMUNITIES FUND X 2359 2359 0 1 1 WILL 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 TOM SCHWEI TREASURER CAPITAL FOR THE CAPITAL FOR COMMUNITIES FUND X 10150 10150 0 1 1 NANCY METZGER EXECUTIVE DIRECTOR CAPITAL FOR THE CAPITAL FOR COMMUNITIES FUND X 1000 1000 0 1 1 101865 FORM 990, PART VI, SECTION B, LINE 11 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 179,665. MANAGEMENT AND GENERAL EXPENSES 46,134. FUNDRAISING EXPENSES 4,225. TOTAL EXPENSES 230,024. FORM 990, PART XI, LINE 9: GAIN ON HEDGED INTEREST 9,076. FORM 990, PART XII, LINE 2C WORKING CAPITAL FOR COMMUNITY NEEDS, INC. HAS A BOARD OF DIRECTORS WHO ARE RESPONSIBLE FOR THE SELECTION OF AN INDEPENDENT ACCOUNTANT TO AUDIT THE ORGANIZATION'S FINANCIAL STATEMENTS. THE BOARD OF DIRECTORS ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDITED FINANCAL STATEMENTS. COMMUNITY NEEDS LLC 517 N SEGOE RD STE 209 MADISON WI 537053172 391521683 PROMOTE ECONOMIC DEVELOPMENT IN THE GREATER LATIN AMERICA REGION WI 61750 1331188 WORKING CAPITAL FOR COMMUNITY NEEDS INC