2012-05-15T14:35:51-05:00 2011-12-31 390974031 WEGNER CPAS LLP 2110 LUANN LN MADISON WI 537133074 990 2011-01-01 391521683 WORKING CAPITAL FOR COMMUNITY NEEDS INC WORK 6082577230 122 STATE ST NO 507A MADISON WI 537032500 CARLOS ARENAS 6082577230 2012-05-10 1 BRUCE MAYER CPA CFP P00187180 6082744020 2011 2016-02-24 21:20:13Z CARLOS ARENAS 122 STATE ST NO 507A MADISON WI 537032500 1385913 0 X WWW.CAPITALFORCOMMUNITIES.ORG X 1984 WI 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. 8 4 5 13 0 0 72855 100423 981502 1039416 8315 -733 2213 9429 1064885 1148535 750 0 0 0 313517 304426 0 0 37147 729109 714559 1043376 1018985 21509 129550 11235011 12434084 9270949 10385848 1964062 2048236 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. 0 0 792750 1039416 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. 70674 611 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. 863424 1 1 0 0 0 0 0 0 0 1 0 1 0 1 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 0 1 422 0 5 1 0 1 NU 0 0 0 0 0 0 0 0 X 8 4 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 122 STATE ST STE 507A MADISON WI 537032500 ELIZA WATERS 2.00 X X 0 0 0 SHELDON RAMPTON 2.00 X X 0 0 0 TODD CONKEY 2.00 X X 0 0 0 GREGG JOHNSON 1.00 X 0 0 0 SUE LLOYD 1.00 X 0 0 0 TAMMY KOESTER PARKS 1.00 X 0 0 0 ANNE REYNOLDS 1.00 X 0 0 0 JOHN KESSLER 1.00 X 0 0 0 SCOTT HAGEN 1.00 X 0 0 0 CARLOS ARENAS 40.00 X 79470 0 2429 79470 0 2429 0 0 0 0 0 100423 100423 PROGRAM LOAN INTEREST 522291 951244 951244 LOAN ORIGINATION FEES 522291 88172 88172 1039416 8304 8304 226882 235919 -9037 -9037 -9037 2070 1459 611 611 MISCELLANEOUS REVENUE 900099 8818 8818 8818 1148535 1040027 0 8085 81899 55467 18915 7517 180540 122274 41698 16568 7902 5352 1825 725 13891 9408 3208 1275 20194 13677 4664 1853 27481 25066 2415 13095 13095 101556 100053 545 958 16071 15015 998 58 49373 34830 10292 4251 1724 417 1298 9 51981 40882 7465 3634 33251 31904 1347 12698 10092 2551 55 372807 372807 743 180 559 4 8483 2728 5755 PROVISION FOR LOAN LOSS 19932 19932 DUES AND SUBSCRIPTIONS 3287 2837 221 229 2077 503 1563 11 1018985 863424 118414 37147 27338 88281 1594600 1202265 19415 600 13608 39579 4047 4047 743 0 9420707 10901574 158600 201785 11235011 12434084 142660 177145 19610 22539 112122 112184 8996557 10028780 0 45200 9270949 10385848 X 1713585 1797009 250477 251227 1964062 2048236 11235011 12434084 X 129550 -45376 X 0 1 1 X 0 X 111410 101104 90984 72855 100423 476776 111410 101104 90984 72855 100423 476776 10395 466381 84 17723 14065 4045 8304 44221 137 2173 1608 1428 8818 14164 535161 4840787 0.87150 0.87490 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4047 4047 0 0 NOTES RECEIVABLE 10901574 C 10901574 DERIVATIVES FAIR VALUE 45200 45200 CENTRAL AMERICA AND THE CARIBBEAN 1 4 PROGRAM SERVICES FINANCING FOR ECONOMIC ACTIVITIES OF LOW-INCOME PERSONS WITHOUT ACCESS TO COMMERCIAL CREDIT 131857 1 4 0 0 1 4 131857 0 131857 0 0 0 0 0 0 METHOD USED TO ACCCOUNT FOR EXPENDITURES: 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. GREGG JOHNSON CAPITAL FOR THE CAPITAL FOR COMMUNITIES FUND X 30000 30000 0 1 1 SUE LLOYD CAPITAL FOR THE CAPITAL FOR COMMUNITIES FUND X 80000 80000 0 1 1 SHELDON RAMPTON CAPITAL FOR THE CAPITAL FOR COMMUNITIES FUND X 2184 2184 0 1 1 JOHN KESSLER CAPITAL FOR THE CAPITAL FOR COMMUNITIES FUND X 6000 6000 0 1 1 118184 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -45,376. COMMUNITY NEEDS LLC 122 STATE ST STE 507A MADISON WI 537032500 391521683 PROMOTE ECONOMIC DEVELOPMENT IN THE GREATER LATIN AMERICA REGION WI 115284 3050325 WORKING CAPITAL FOR COMMUNITY NEEDS INC