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Working Capital For Community Needs Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 391521683 ✦ Madison, WI ✦ Designated as a 501(c)(3)

Overview

What is Working Capital For Community Needs Inc?

Working Capital for Community Needs Inc. is a nonprofit organization based in Madison, Wisconsin, dedicated to empowering low-income Latin American entrepreneurs and small-scale farmers. Through initiatives like microcredit, fair trade, and women's empowerment programs, the organization aims to foster sustainable economic and social advancement in partnership with microfinance institutions, development organizations, and cooperatives in countries such as Ecuador, El Salvador, Honduras, Guatemala, Nicaragua, Colombia, Mexico, and Peru. The nonprofit, with a workforce of four employees, collaborates with individuals and organizations in both Latin America and the United States to create opportunities that help people rise out of poverty.


Official website here: www.wccn.org

Is Working Capital For Community Needs Inc legitimate?

Working Capital For Community Needs Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Working Capital For Community Needs Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $127,064
Professional Fundraising Fees: $0
Other Salaries and Wages: $173,588

For more financial information, click here


Official website here: www.wccn.org

What is the mission statement of Working Capital For Community Needs Inc?

Working Capital for Community Needs Inc. partners with individuals and organizations in Latin America and the United States to establish sustainable economic opportunities. This nonprofit impact investing fund's mission is to extend access to microfinance, services, and markets to improve the lives and communities of the working poor. By providing this support from a community partner, Working Capital for Community Needs Inc. aims to empower individuals to work their way out of poverty.


Official website here: www.wccn.org

Who is the CEO of Working Capital For Community Needs Inc?

William Harris is the President of Working Capital For Community Needs Inc.


Official website here: www.wccn.org

What is the revenue of Working Capital For Community Needs Inc?

Working Capital For Community Needs Inc's revenue in 2022 was $1,779,719.


Official website here: www.wccn.org

Who are the executives of Working Capital For Community Needs Inc and what are their salaries?

The average compensation at Working Capital For Community Needs Inc during 2022 was $75,163. There are 4 employees and 9 volunteers at Working Capital For Community Needs Inc.

Here are 14 key members and their salaries:

    Will Harris (Executive Director)
  • Compensation: $106,045
  • Related: $0
  • Other: $21,020

    • Layla Kaiksow (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Megan Vander Wyst (Vice-President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Frank Staniszewski (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Leilani Yats (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anna Kaminski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Felipe Arango (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gloria Castillo Posada (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Grecia De La O Abarca (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Isabelle Barres (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Javier Monterroso (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jordan Van Rijn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Juan Gomez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Elsdon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.wccn.org

    Where can I find the form 990 for Working Capital For Community Needs Inc?

    The Working Capital For Community Needs Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.wccn.org

    Learn more at the official website: www.wccn.org

    Mission Statement of Working Capital For Community Needs Inc

    Working Capital For Community Needs, as a nonprofit impact investing fund, is dedicated to creating opportunities for the working poor in Latin America and the United States. Their mission is centered around extending access to microfinance, services, and markets to these individuals and communities. By doing so, they aim to improve lives and foster sustainable economic growth, enabling people to work their way out of poverty. This mission is rooted in the belief that having a supportive partner in one's community is a crucial factor in determining whether an individual can escape poverty.

    Impact

    This information is meant to be a general summary of Working Capital For Community Needs Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Working Capital For Community Needs Inc has a significant impact on empowering low-income Latin American entrepreneurs and small-scale farmers through microcredit, fair trade, and women's empowerment initiatives. By partnering with microfinance institutions, development organizations, and cooperatives in several Latin American countries, Working Capital For Community Needs Inc has been able to implement sustainable economic and social advancement programs since its founding in 1984. This has created opportunities for access to microfinance, services, and markets, ultimately improving the lives and communities of the working poor in Latin America.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,674
  • Program Service Revenue: $1,443,641
  • Gross Receipts: $1,779,719

    • Assets and Liabilities:
  • Total Assets: $14,759,724
  • Total Liabilities: $13,375,285
  • Net Assets: $1,384,439
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PROGRAM LOAN INTEREST

    Revenue

    $1,380,478

    LOAN ORIGINATION FEES

    Revenue

    $63,163

    Organization Details

    Founding Year

    1984

    Principal Officer

    William Harris

    Main Address

    211 S PATERSON STREET 260, MADISON, WI, 53703

    NTEE Category

    Code: Q300 - International

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