2011-07-07T17:51:39-05:00 2010-12-31 WEGNER LLP 2110 LUANN LN MADISON WI 537133098 990 2010-01-01 391521683 WORKING CAPITAL FOR COMMUNITY NEEDS INC WORK 6082577230 122 STATE ST NO 507A MADISON WI 537032500 CARLOS ARENAS 6082577230 2011-06-30 1 BRUCE MAYER CPA CFP 6082744020 2010 2016-02-24 21:20:13Z CARLOS ARENAS 122 STATE ST NO 507A MADISON WI 537032500 1430247 0 X WWW.CAPITALFORCOMMUNITIES.ORG X 1984 WI WORKING CAPITAL FOR COMMUNITY NEEDS (WCCN) PARTNERS WITH INDIVIDUALS AND ORGANIZATIONS IN LATIN AMERICA AND THE U.S. TO BUILD SUSTAINABLE ECONOMIC OPPORTUNITIES THAT HELP PEOPLE WORK THEIR WAY OUT OF POVERTY. 7 4 6 13 0 0 90984 72855 1008803 981502 14065 8315 1608 2213 1115460 1064885 7170 750 0 0 265590 313517 0 0 39803 743688 729109 1016448 1043376 99012 21509 11284902 11235011 9348820 9270949 1936082 1964062 WORKING CAPITAL FOR COMMUNITY NEEDS (WCCN) PARTNERS WITH INDIVIDUALS AND ORGANIZATIONS IN LATIN AMERICA AND THE U.S. TO BUILD SUSTAINABLE ECONOMIC OPPORTUNITIES THAT HELP PEOPLE WORK THEIR WAY OUT OF POVERTY. 0 0 791568 977627 THE CAPITAL FOR COMMUNITIES FUND (FORMERLY KNOWN AS THE NICARAGUAN CREDIT ALTERNATIVES (NICA) FUND) IS WCCN'S LOAN FUND PROJECT. THROUGH THE CAPITAL FOR COMMUNITIES FUND, LATIN AMERICAN ENTREPRENEURS AND SMALL-SCALE FARMERS ARE PROVIDED WITH ACCESS TO MICROLOANS THAT ARE USED TO EXPAND THEIR BUSINESSES AND FARMS, ENABLING THEM TO MOVE OUT OF POVERTY AND ACHIEVE SOCIAL AND ECONOMIC TRANSFORMATION. IN 2010, APPROXIMATELY 20,000 LOW-INCOME BORROWERS IN NICARAGUA, HONDURAS, GUATEMALA, AND EL SALVADOR, MOST OF THEM WOMEN, WERE PROVIDED WITH MICROLOANS THROUGH THE CAPITAL FOR COMMUNITIES FUND. 81225 750 4660 WCCN'S EDUCATIONAL ACTIVITIES INCLUDE U.S./LATIN AMERICAN SPEAKER EXCHANGES, EVENTS, STUDY TOURS TO LATIN AMERICA, ETC., THAT PROMOTE PEOPLE-TO-PEOPLE CONNECTIONS BETWEEN BOTH REGIONS AND COUNTRIES. WCCN ORGANIZED ONE STUDY TOUR TO NICARAGUA AND HOSTED FOUR PEOPLE FROM LATIN AMERICA DURING 2010. ADDITIONALLY, WCCN PUBLISHES A QUARTERLY NEWSLETTER. THROUGH THESE PUBLICATIONS, MEMBERS CAN STAY ABREAST ON WCCN'S PROJECTS AND CURRENT EVENTS IN LATIN AMERICA. WCCN'S HOUSING RIGHTS PROJECT PROMOTES ADEQUATE HOUSING CONDITIONS IN NICARAGUA BY FACILITATING SMALL LOANS TO POOR FAMILIES IN ORGANIZED COMMUNITIES IN THE CITY OF MANAGUA. DURING 2010, THROUGH A COLLABORATION WITH HABITAR, WCCN CONTINUED PROVIDING FUNDING TO LOW-INCOME FAMILIES THAT ALLOWED THEM TO INSTALL TOILETS, SINKS, AND SHOWERS IN THEIR HOMES. 872793 1 1 0 0 0 0 0 0 0 1 0 0 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 0 1 376 0 6 1 0 1 NU 0 0 0 0 0 0 X 7 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 5100 0 0 SUE LLOYD 2.00 X X 0 0 0 GREGG JOHNSON 1.00 X 0 0 0 TODD CONKEY 1.00 X 0 0 0 TAMMY KOESTER PARKS 1.00 X 0 0 0 ANNE REYNOLDS 1.00 X 0 0 0 CARLOS ARENAS 40.00 X 86852 0 2606 91952 0 2606 0 0 0 0 0 72855 14876 72855 PROGRAM LOAN INTEREST 522291 914127 914127 LOAN ORIGINATION FEES 522291 63500 63500 TOUR FEES 561520 3875 3875 981502 4045 4045 368984 364714 4270 4270 4270 1433 648 785 785 MISCELLANEOUS REVENUE 900099 1428 1428 1428 1064885 982287 0 9743 750 750 94558 63839 29692 1027 177135 101884 49796 25455 5661 3408 1686 567 5343 3074 1502 767 30820 18553 9179 3088 26681 25392 1289 12933 12933 75170 74170 1000 10800 9739 296 765 47019 36729 6024 4266 1041 50 991 42094 31678 6605 3811 27672 27461 211 12268 9083 3176 9 374638 374638 1046 50 996 7555 2700 4855 PROVISION FOR LOAN LOSS 85498 85498 DUES AND SUBSCRIPTIONS 4175 4072 55 48 MISCELLANEOUS EXPENSES 519 25 494 1043376 872793 130780 39803 410359 27338 1643259 1594600 3950 19415 3196 13608 4047 3304 1788 743 9047705 9420707 174645 158600 11284902 11235011 146151 142660 7267 19610 117060 112122 9078342 8996557 9348820 9270949 X 1685355 1713585 250727 250477 1936082 1964062 11284902 11235011 X 21509 6471 X 0 1 1 X 0 X 118122 111410 101104 90984 72855 494475 118122 111410 101104 90984 72855 494475 5830 488645 15320 84 17723 14065 4045 51237 7445 137 2173 1608 1428 12791 558503 4445582 0.87490 0.83100 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4047 3304 743 743 NOTES RECEIVABLE 9420707 C 9420707 1 CENTRAL AMERICA AND THE CARIBBEAN 1 3 GRANTS TO RECIPIENTS LOCATED IN THE REGION AND OTHER PROGRAM SERVICES FINANCING FOR ECONOMIC ACTIVITIES OF LOW-INCOME PERSONS WITHOUT ACCESS TO COMMERCIAL CREDIT 110859 3 0 3 110859 0 110859 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: WCCN REQUESTS WRITTEN REPORTS FROM RECIPIENT ORGANIZATIONS ABOUT THE USE OF THE FUNDS. ADDITIONALLY, WCCN'S STAFF VISIT THE RECIPIENT ORGANIZATIONS AT LEAST ONCE A YEAR. 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 2122 2122 0 1 1 112122 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 GAINS ON INVESTMENTS: 6,471. COMMUNITY NEEDS LLC 122 STATE ST STE 507A MADISON WI 537032500 391521683 PROMOTE ECONOMIC DEVELOPMENT IN THE GREATER LATIN AMERICA REGION WI 15200 2000703 N/A