Working Capital For Community Needs Inc
- Assets
- $14.4m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 4
- Location
- Madison, WI
- Founding
- 09/1985
- Data as of
- 12/2021
- EIN
- 39-1521683
Organization Overview
Working Capital For Community Needs Inc is located in Madison, WI. The organization was established in 1985. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Working Capital For Community Needs Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Working Capital For Community Needs Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Working Capital For Community Needs Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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, COLOMBIA, MEXICO, AND PERU.
WCCN ALSO FOSTERS GREATER UNDERSTANDING, GOODWILL, AND PEACE THROUGH PEOPLE-TO-PEOPLE EXCHANGES AND OUR EDUCATIONAL ACTIVITIES. OUR EDUCATIONAL ACTIVITIES INCLUDE U.S./LATIN AMERICAN SPEAKER EXCHANGES, STUDY TOURS TO LATIN AMERICA, AND A QUARTERLY NEWSLETTER.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Will Harris Executive Director | Officer | 40 | $108,338 |
Mark Elsdon President | OfficerTrustee | 2 | $0 |
Layla Kaiksow Vice-President | OfficerTrustee | 2 | $0 |
Frank Staniszewski Treasurer | OfficerTrustee | 2 | $0 |
Megan Vander Wyst Secretary | OfficerTrustee | 1 | $0 |
Felipe Arango Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $59,505 |
| All other contributions, gifts, grants, and similar amounts not included above | $136,138 |
| Noncash contributions included in lines 1a–1f | $5,142 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $195,643 |
| Total Program Service Revenue | $1,299,355 |
| Investment income | $940 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,496,749 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $15,300 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $128,241 |
| Compensation of current officers, directors, key employees. | $74,097 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $178,744 |
| Pension plan accruals and contributions | $8,552 |
| Other employee benefits | $19,295 |
| Payroll taxes | $21,962 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,379 |
| Fees for services: Accounting | $29,908 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $112,595 |
| Fees for services: Other | $26,293 |
| Advertising and promotion | $0 |
| Office expenses | $20,056 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,162 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $348,134 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,003 |
| All other expenses | $0 |
| Total functional expenses | $1,165,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $203,128 |
| Savings and temporary cash investments | $766,262 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,546 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $13,086,617 |
| Intangible assets | $0 |
| Other assets | $340,650 |
| Total assets | $14,407,203 |
| Accounts payable and accrued expenses | $157,113 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $224,391 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $12,758,204 |
| Other liabilities | $84,246 |
| Total liabilities | $13,223,954 |
| Net assets without donor restrictions | $1,183,249 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,407,203 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Working Capital For Community Needs Inc has recieved totaling $61,436.
| Awarding Organization | Amount |
|---|---|
Blossom Fund Boston, MA PURPOSE: LOAN FORGIVENESS | $35,286 |
Community Shares Of Wisconsin Inc Madison, WI PURPOSE: GENERAL SUPPORT | $11,057 |
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $10,000 |
Dunn Family Charitable Foundation Andover, MA PURPOSE: UNRESTRICTED GIFT | $5,000 |
3rd Creek Foundation Incline Village, NV PURPOSE: SUPPORT MICROCREDIT FOR LOW-INCOME LATIN AMERICA ENTREPRENEURS | $50 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $43 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Global Foodbanking Network Chicago, IL | $18,753,140 | $16,426,499 |
Adventist Frontier Missions Inc Berrien Springs, MI | $13,681,877 | $9,406,971 |
Global Health Ministries Minneapolis, MN | $6,370,809 | $5,877,190 |
Common Hope Inc Saint Paul, MN | $9,018,791 | $5,078,357 |
International Samaritan Ann Arbor, MI | $25,596,341 | $2,530,295 |
New Vision Foundation St Paul, MN | $1,210,057 | $3,502,088 |
Outreach Inc Union, IA | $5,436,657 | $3,524,242 |
Community Systems Foundation Ann Arbor, MI | $1,779,833 | $2,966,882 |
Andean Health And Development Inc Madison, WI | $1,250,881 | $2,191,153 |
Maestro Cares Foundation Chicago, IL | $6,243,515 | $3,094,225 |
The Human Development Foundation Of North America Oak Brook, IL | $4,594,028 | $2,738,864 |
African Vision Of Hope Maryville, IL | $1,886,646 | $2,842,339 |