Overview
What is Worldwide Foundation For Credit Unions Inc?
Worldwide Foundation For Credit Unions Inc, based in Madison, Wisconsin, is a nonprofit organization dedicated to fostering financial inclusion globally. They aim to bridge gaps in the growth of credit unions worldwide and ensure universal access to financial services for over a billion lives. In response to the crisis in Ukraine, they established the Ukrainian Credit Union Displacement Fund, providing short-term relief and long-term recovery support to Ukraine's credit union system. Their mission encompasses advancing financial inclusion, reducing disparities in global credit union development, and supporting credit unions undergoing hardships.
Official website here: www.doglobalgood.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 99% (Four-Star out of Four Star rating)
The Worldwide Foundation For Credit Unions Inc has achieved an impressive overall score of 99%, reflecting high standards in accountability and financial management. With a perfect score in areas like culture and community, leadership, and adaptability, the organization demonstrates a strong commitment to effective governance. The foundation operates with a fully independent board, ensuring transparency and integrity in its operations.
Strengths highlighted in user feedback include exceptional financial oversight, evidenced by a robust audit and oversight committee, and no recorded material diversion of assets. The organization also emphasizes effective communication and stakeholder engagement, scoring full marks in feedback collection and usage. Its efficient fundraising efforts further enhance its ability to support its mission.
While the foundation's financial ratios indicate solid fiscal health, with a commendable program expense ratio of 69.16%, ongoing improvement in strategic initiatives could further boost their impact. Overall, the Worldwide Foundation For Credit Unions Inc stands out as a highly effective nonprofit with strong governance and community engagement practices.
This AI summary has been generated from information found on Charity Navigator.
Is Worldwide Foundation For Credit Unions Inc legitimate?
Worldwide Foundation For Credit Unions Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Worldwide Foundation For Credit Unions 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.doglobalgood.org
What is the mission statement of Worldwide Foundation For Credit Unions Inc?
The Worldwide Foundation for Credit Unions Inc., abbreviated as WFCU, is dedicated to promoting financial inclusion globally. Their mission is to reduce gaps in the advancement of credit union growth and ensure universal access to financial services for over a billion lives. To achieve this, WFCU provides pathways to facilitate the growth of credit unions worldwide, thereby contributing to financial inclusion on a global scale.
In response to a crisis, WFCU demonstrated its commitment by establishing the Ukrainian Credit Union Displacement Fund following the events in Ukraine on February 27th. This fund aims to provide short-term relief and long-term recovery support for Ukraine's credit union system, marking WFCU's most substantial effort in international credit union disaster relief work to date.
Official website here: www.doglobalgood.org
Who is the CEO of Worldwide Foundation For Credit Unions Inc?
Elissa Mccarter Laborde is the Chair of Worldwide Foundation For Credit Unions Inc. The CEO's salary of Worldwide Foundation For Credit Unions Inc is $0 and their total compensation is $493,896.
Official website here: www.doglobalgood.org
What is the revenue of Worldwide Foundation For Credit Unions Inc?
Worldwide Foundation For Credit Unions Inc's revenue in 2022 was $4,076,412.
Official website here: www.doglobalgood.org
Who are the executives of Worldwide Foundation For Credit Unions Inc and what are their salaries?
There 10 volunteers at Worldwide Foundation For Credit Unions Inc.
Here are 12 key members and their salaries (Worldwide Foundation For Credit Unions Inc's CEO's salary is $0 and their total compensation is $493,896):
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- Related: $136,656
- Other: $11,732
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- Related: $431,822
- Other: $62,074
Official website here: www.doglobalgood.org
Where can I find the form 990 for Worldwide Foundation For Credit Unions Inc?
Worldwide Foundation For Credit Unions Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.doglobalgood.org
Learn more at the official website: www.doglobalgood.org
Mission Statement of Worldwide Foundation For Credit Unions Inc
The Worldwide Foundation for Credit Unions Inc is committed to advancing financial inclusion globally by bridging gaps in the growth of credit unions. Their mission is to create pathways that facilitate the reduction of barriers in the progression of global credit union development and universal access to financial services, aiming to positively impact over a billion lives. To achieve this goal, the foundation has undertaken various initiatives, one of which is the Disaster Relief Project Storm Break: Ukraine Response. On February 27th, the foundation established and deployed the Ukrainian Credit Union Displacement Fund to address the short-term relief and long-term recovery needs of Ukraine's credit union system, which is currently facing a crisis. This project marks the largest effort by the foundation through its international credit union disaster relief work to support a credit union system in crisis.
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Impact
July, 2024
Worldwide Foundation For Credit Unions Inc is making a significant impact in advancing financial inclusion globally by reducing gaps in credit union growth. One notable example of their impact is their response to the crisis in Ukraine through the creation and deployment of the Ukrainian Credit Union Displacement Fund as part of Project Storm Break. This initiative aimed to support the short-term relief and long-term recovery needs of Ukraine's credit union system. This effort stands as the largest undertaken by the foundation in its international credit union disaster relief work, demonstrating their commitment to supporting credit unions experiencing crises. Through its mission to provide pathways for global credit union growth and universal access to financial inclusion, Worldwide Foundation For Credit Unions Inc is making a difference in the lives of many around the world.
This information is meant to be a general summary of Worldwide Foundation For Credit Unions Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $41,550
- Gross Receipts: $4,076,412
Assets and Liabilities:
- Total Assets: $5,234,789
- Total Liabilities: $1,912,137
- Net Assets: $3,322,652
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATIONAL RECEPTIONS
Revenue
$41,550
Organization Details
Founding Year
1965
Phone
(608) 395-2000Principal Officer
Elissa Mccarter Laborde
Main Address
1010 E WASHINGTON AVE 306, MADISON, WI, 53703
Website
www.doglobalgood.orgNTEE Category
Code: Q123 - International
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