WORKING CAPITAL FOR COMMUNITY NEEDS INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- WORKING CAPITAL FOR COMMUNITY NEEDS INC (EIN 39-1521683)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-05-15
- IRS object ID
- 201201369349306050
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-15T14:35:51-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 390974031 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WEGNER CPAS LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2110 LUANN LN | AddressLine1 |
| City | MADISON | City |
| State | WI | State |
| ZIP Code | 537133074 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 391521683 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WORKING CAPITAL FOR COMMUNITY NEEDS INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | WORK | NameControl |
| Phone | 6082577230 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 122 STATE ST NO 507A | AddressLine1 |
| City | MADISON | City |
| State | WI | State |
| ZIP Code | 537032500 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | CARLOS ARENAS | Name |
| Title | EXECUTIVE DIRECTOR | Title |
| Phone | 6082577230 | Phone |
| Date Signed | 2012-05-10 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | BRUCE MAYER CPA CFP | Name |
| PTIN | P00187180 | PTIN |
| Phone | 6082744020 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | CARLOS ARENAS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 122 STATE ST NO 507A | AddressLine1 |
| City | MADISON | City |
| State | WI | State |
| ZIP Code | 537032500 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 1385913 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.CAPITALFORCOMMUNITIES.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1984 | YearFormation |
| State Legal Domicile | WI | StateLegalDomicile |
| Activity Or Mission Description | WORKING CAPITAL FOR COMMUNITY NEEDS (WCCN) 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 8 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 4 | NbrIndependentVotingMembers |
| Total Nbr Employees | 5 | TotalNbrEmployees |
| Total Nbr Volunteers | 13 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 72855 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 100423 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 981502 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 1039416 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 8315 | InvestmentIncomePriorYear |
| Investment Income Current Year | -733 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 2213 | OtherRevenuePriorYear |
| Other Revenue Current Year | 9429 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 1064885 | TotalRevenuePriorYear |
| Total Revenue Current Year | 1148535 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 750 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 313517 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 304426 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 37147 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 729109 | OtherExpensePriorYear |
| Other Expenses Current Year | 714559 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 1043376 | TotalExpensesPriorYear |
| Total Expenses Current Year | 1018985 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 21509 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 129550 | RevenuesLessExpensesCY |
| Total Assets BOY | 11235011 | TotalAssetsBOY |
| Total Assets EOY | 12434084 | TotalAssetsEOY |
| Total Liabilities BOY | 9270949 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 10385848 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 1964062 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 2048236 | NetAssetsOrFundBalancesEOY |
| Mission Description | WORKING CAPITAL FOR COMMUNITY NEEDS (WCCN) 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 792750 | Expense |
| Revenue | 1039416 | Revenue |
| Description | WORKING CAPITAL FOR COMMUNITY NEEDS (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. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 70674 | Expense |
| Revenue | 611 | Revenue |
| Description | 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. IN 2011, WCCN ORGANIZED ONE STUDY TOUR TO GUATEMALA AND HOSTED FOUR PEOPLE FROM LATIN AMERICA AT THEIR OFFICES IN MADISON. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 863424 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 1 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 1 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 422 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 5 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 1 | ForeignFinancialAccount |
| Name Of Foreign Country | NU | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 8 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 4 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | WI | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | RICK TVEDT | NamePerson |
| Telephone Number | 6082577230 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 122 STATE ST STE 507A | AddressLine1 |
| City | MADISON | City |
| State | WI | State |
| ZIP Code | 537032500 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (10 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| ELIZA WATERS | ||||||
| PRESIDENT | 2.00 | X | X | 0 | 0 | 0 |
| SHELDON RAMPTON | ||||||
| SECRETARY | 2.00 | X | X | 0 | 0 | 0 |
| TODD CONKEY | ||||||
| TREASURER | 2.00 | X | X | 0 | 0 | 0 |
| GREGG JOHNSON | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| SUE LLOYD | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| TAMMY KOESTER PARKS | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| ANNE REYNOLDS | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| JOHN KESSLER | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| SCOTT HAGEN | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| CARLOS ARENAS | ||||||
| EXECUTIVE DIRECTOR | 40.00 | X | 79470 | 0 | 2429 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 79470 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 2429 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| All Other Contributions | 100423 | AllOtherContributions |
| Total Contributions | 100423 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| PROGRAM LOAN INTEREST | 522291 | 951244 | 951244 |
| LOAN ORIGINATION FEES | 522291 | 88172 | 88172 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 1039416 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 8304 | TotalRevenueColumn |
| Exclusion | $8,304 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 226882 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 235919 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -9037 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -9037 | TotalRevenueColumn |
| Exclusion | -$9,037 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 2070 | GrossSalesOfInventory |
| Cost Of Goods Sold | 1459 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 611 | TotalRevenueColumn |
| Related Or Exempt Function Income | 611 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS REVENUE | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 8818 | TotalRevenueColumn |
| Exclusion | $8,818 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 8818 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1148535 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1040027 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $8,085 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 81899 | Total |
| Program Services | 55467 | ProgramServices |
| Management And General | 18915 | ManagementAndGeneral |
| Fundraising | 7517 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 180540 | Total |
| Program Services | 122274 | ProgramServices |
| Management And General | 41698 | ManagementAndGeneral |
| Fundraising | 16568 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7902 | Total |
| Program Services | 5352 | ProgramServices |
| Management And General | 1825 | ManagementAndGeneral |
| Fundraising | 725 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13891 | Total |
| Program Services | 9408 | ProgramServices |
| Management And General | 3208 | ManagementAndGeneral |
| Fundraising | 1275 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20194 | Total |
| Program Services | 13677 | ProgramServices |
| Management And General | 4664 | ManagementAndGeneral |
| Fundraising | 1853 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 27481 | Total |
| Program Services | 25066 | ProgramServices |
| Management And General | 2415 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13095 | Total |
| Management And General | 13095 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 101556 | Total |
| Program Services | 100053 | ProgramServices |
| Management And General | 545 | ManagementAndGeneral |
| Fundraising | 958 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16071 | Total |
| Program Services | 15015 | ProgramServices |
| Management And General | 998 | ManagementAndGeneral |
| Fundraising | 58 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 49373 | Total |
| Program Services | 34830 | ProgramServices |
| Management And General | 10292 | ManagementAndGeneral |
| Fundraising | 4251 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1724 | Total |
| Program Services | 417 | ProgramServices |
| Management And General | 1298 | ManagementAndGeneral |
| Fundraising | 9 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 51981 | Total |
| Program Services | 40882 | ProgramServices |
| Management And General | 7465 | ManagementAndGeneral |
| Fundraising | 3634 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 33251 | Total |
| Program Services | 31904 | ProgramServices |
| Management And General | 1347 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12698 | Total |
| Program Services | 10092 | ProgramServices |
| Management And General | 2551 | ManagementAndGeneral |
| Fundraising | 55 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 372807 | Total |
| Program Services | 372807 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 743 | Total |
| Program Services | 180 | ProgramServices |
| Management And General | 559 | ManagementAndGeneral |
| Fundraising | 4 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8483 | Total |
| Program Services | 2728 | ProgramServices |
| Management And General | 5755 | ManagementAndGeneral |
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| PROVISION FOR LOAN LOSS | 19932 | 19932 | ||
| DUES AND SUBSCRIPTIONS | 3287 | 2837 | 221 | 229 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2077 | Total |
| Program Services | 503 | ProgramServices |
| Management And General | 1563 | ManagementAndGeneral |
| Fundraising | 11 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1018985 | Total |
| Program Services | 863424 | ProgramServices |
| Management And General | 118414 | ManagementAndGeneral |
| Fundraising | 37147 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27338 | BOY |
| EOY | 88281 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1594600 | BOY |
| EOY | 1202265 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19415 | BOY |
| EOY | 600 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13608 | BOY |
| EOY | 39579 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 4047 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 4047 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 743 | BOY |
| EOY | 0 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9420707 | BOY |
| EOY | 10901574 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 158600 | BOY |
| EOY | 201785 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11235011 | BOY |
| EOY | 12434084 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 142660 | BOY |
| EOY | 177145 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19610 | BOY |
| EOY | 22539 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 112122 | BOY |
| EOY | 112184 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8996557 | BOY |
| EOY | 10028780 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 45200 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9270949 | BOY |
| EOY | 10385848 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1713585 | BOY |
| EOY | 1797009 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 250477 | BOY |
| EOY | 251227 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1964062 | BOY |
| EOY | 2048236 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11235011 | BOY |
| EOY | 12434084 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 129550 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -45376 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 111410 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 101104 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 90984 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 72855 | CurrentTaxYearMinus1Year |
| Current Tax Year | 100423 | CurrentTaxYear |
| Total | 476776 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 111410 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 101104 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 90984 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 72855 | CurrentTaxYearMinus1Year |
| Current Tax Year | 100423 | CurrentTaxYear |
| Total | 476776 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 10395 | AmountsSubstContributorsTotal |
| Public Support Total170 | 466381 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 84 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 17723 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 14065 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 4045 | CurrentTaxYearMinus1Year |
| Current Tax Year | 8304 | CurrentTaxYear |
| Total | 44221 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 137 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2173 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1608 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1428 | CurrentTaxYearMinus1Year |
| Current Tax Year | 8818 | CurrentTaxYear |
| Total | 14164 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 535161 | TotalSupport |
| Gross Receipts From Admissions Etc | 4840787 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.87150 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.87490 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
| General Explanation | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE | GeneralExplanation |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 4047 | OtherCostOrOtherBasis |
| Depreciation | 4047 | Depreciation |
| Book Value | 0 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 0 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | NOTES RECEIVABLE | Description |
| Book Value | 10901574 | BookValue |
| Method Of Valuation | C | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 10901574 | TotalOfBookValueProgramRelated |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DERIVATIVES FAIR VALUE | Description |
| Amount | $45,200 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 45200 | TotalOfAmounts |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | CENTRAL AMERICA AND THE CARIBBEAN | Region |
| Number Of Offices | 1 | NumberOfOffices |
| Number Of Employees | 4 | NumberOfEmployees |
| Type Of Activities Conducted | PROGRAM SERVICES | TypeOfActivitiesConducted |
| Specific Services Provided | FINANCING FOR ECONOMIC ACTIVITIES OF LOW-INCOME PERSONS WITHOUT ACCESS TO COMMERCIAL CREDIT | SpecificServicesProvided |
| Total Expenditures | 131857 | TotalExpenditures |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 1 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 4 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 1 | TotalNumberOfOffices |
| Total Number Of Employees | 4 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 131857 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 131857 | TotalAmountSpent |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | METHOD USED TO ACCCOUNT FOR EXPENDITURES: | Identifier |
| Explanation | SCHEDULE F, PART I, LINE 3: THE ORGANIZATION USES THE ACCRUAL METHOD OF ACCOUNTING TO ACCOUNT FOR EXPENDITURES FOR ACTIVITIES CONDUCTED IN THE LISTED REGIONS. | Explanation |
Schedule L IRS990ScheduleL
Loan Table LoanTable (4 entries)
| Purpose Of LoanPurposeOfLoan | Loan To OrganizationLoanToOrganization | Original PrincipalOriginalPrincipalAmount | Balance DueBalanceDue | DefaultDefault | Approved By BoardApprovedByBoard | Written AgreementWrittenAgreement |
|---|---|---|---|---|---|---|
| GREGG JOHNSON | ||||||
| CAPITAL FOR THE CAPITAL FOR COMMUNITIES FUND | X | $30,000 | 30000 | 0 | 1 | 1 |
| SUE LLOYD | ||||||
| CAPITAL FOR THE CAPITAL FOR COMMUNITIES FUND | X | $80,000 | 80000 | 0 | 1 | 1 |
| SHELDON RAMPTON | ||||||
| CAPITAL FOR THE CAPITAL FOR COMMUNITIES FUND | X | $2,184 | 2184 | 0 | 1 | 1 |
| JOHN KESSLER | ||||||
| CAPITAL FOR THE CAPITAL FOR COMMUNITIES FUND | X | $6,000 | 6000 | 0 | 1 | 1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 118184 | TotalBalanceDue |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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 WCCN'S CONFLICT OF INTEREST POLICY ALONG WITH A FORM TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. THE SIGNED FORMS ARE RETURNED TO 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 | WCCN'S FINANCE COMMITTEE, WHICH IS COMPRISED OF INDEPENDENT PERSONS, REVIEWS COMPENSATION FOR THE EXECUTIVE DIRECTOR AND ALL OTHER EMPLOYEES. DURING 2008, THE COMMITTEE HIRED AN INDEPENDENT CONSULTING FIRM THAT SPECIALIZES IN MANAGEMENT ISSUES TO REVIEW WCCN'S COMPENSATION STRUCTURE AND PERFORM A COMPENSATION MARKET ANALYSIS. BASED ON THE CONSULTANT'S RECOMMENDATIONS, WCCN'S MANAGEMENT DEVELOPED A PROPOSAL FOR A THREE-YEAR PROCESS TO BRING WCCN'S COMPENSATION IN LINE WITH THE PREVAILING MARKET. THE PROPOSAL WAS REVIEWED BY THE FINANCE COMMITTEE AND THE COMMITTEE MADE A RECOMMENDATION TO THE GOVERNING BODY TO APPROVE IT. THE GOVERNING BODY APPROVED THE FINANCE COMMITTEE'S RECOMMENDATION WITH AN OFFICIAL VOTE AND DOCUMENTED THE DECISION IN THE MINUTES OF ITS MEETINGS. | |
| 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 DOES NOT MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -45,376. | CHANGES IN NET ASSETS OR FUND BALANCES: |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COMMUNITY NEEDS LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 122 STATE ST STE 507A | AddressLine1 |
| City | MADISON | City |
| State | WI | State |
| ZIP Code | 537032500 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 391521683 | EIN |
| Primary Activities | PROMOTE ECONOMIC DEVELOPMENT IN THE GREATER LATIN AMERICA REGION | PrimaryActivities |
| Legal Domicile State | WI | LegalDomicileState |
| Total Income | 115284 | TotalIncome |
| EOY Assets | 3050325 | EOYAssets |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WORKING CAPITAL FOR COMMUNITY NEEDS INC | BusinessNameLine1 |