Overview
What is World Bank Community Connections Fund?
The World Bank Community Connections Fund (WBCCF) is a nonprofit organization based in Washington, D.C., specifically at 1818 H Street NW MSN MC-9-912. Its primary mission is to offer financial support to nonprofit organizations serving disadvantaged communities in the Washington D.C. region. In fiscal year 2023, it allocated funds through the World Bank Group's annual workplace giving program, the Community Connections Campaign (CCC). During this period, the WBCCF Board of Directors granted a total of $300,000 in special grants to three eligible nonprofit organizations listed on the CCC, all recognized as public charities under IRS Section 501(c)(3). The WBCCF does not generate revenue from service fees or goods sales directly related to this activity.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
The World Bank Community Connections Fund has achieved an impressive score of 94%, reflecting its strong performance in accountability and finance. This rating is based solely on its financial practices, which indicates a high level of transparency and responsible management of funds. The organization is recognized for having a fully independent board, which underscores its commitment to governance and ethical standards.
Strengths highlighted include a robust program expense ratio of 91.98%, demonstrating that a significant majority of its funds are directed towards its programs rather than administrative costs. Additionally, the fund has implemented comprehensive policies regarding conflicts of interest, whistleblower protections, and document retention, further establishing its commitment to accountability.
While the rating is highly positive, it is important to note that this score focuses exclusively on financial measures. Users seeking information on program impact or effectiveness might find this evaluation limited, as it does not encompass broader assessments of the fund's overall mission fulfillment or community outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is World Bank Community Connections Fund legitimate?
World Bank Community Connections Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. World Bank Community Connections Fund 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.
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What is the mission statement of World Bank Community Connections Fund?
The World Bank Community Connections Fund's mission is to offer an opportunity for World Bank Group employees and retirees to support nonprofit organizations that work towards improving the quality of life for people and communities. The primary objective of the fund is to provide financial assistance to these charitable organizations through its general fund, which is allocated via the World Bank Group's annual workplace giving program, the Community Connections Campaign. In fiscal year 2023, the WBCCF Board of Directors awarded special grants totaling $300,000 to three eligible nonprofit organizations from the CCC list, which are exempt under IRS Section 501(C)(3). The World Bank Community Connections Fund does not generate revenue directly from this activity.
Who is the CEO of World Bank Community Connections Fund?
Lindsey Buss is the President of World Bank Community Connections Fund.
What is the revenue of World Bank Community Connections Fund?
World Bank Community Connections Fund's revenue in 2023 was $482,566.
Who are the executives of World Bank Community Connections Fund and what are their salaries?
There 100 volunteers at World Bank Community Connections Fund.
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Where can I find the form 990 for World Bank Community Connections Fund?
World Bank Community Connections Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of World Bank Community Connections Fund
The World Bank Community Connections Fund (WBCCF) serves as a platform for World Bank Group employees and retirees to contribute to nonprofit organizations that strive to enhance the lives of people and communities in need. Its mission is to provide an opportunity for these individuals to support organizations that align with their values and goals, thereby contributing to the betterment of society. The WBCCF achieves this mission through its primary financial activity, which involves allocating funds to nonprofit organizations listed in the Community Connections Campaign (CCC), an annual workplace giving program by the World Bank Group. In fiscal year 2023, the WBCCF Board of Directors granted special grants totalling $300,000 to three qualified nonprofit organizations, further underscoring its commitment to supporting causes that improve the quality of life for communities in need.
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Impact
July, 2024
The World Bank Community Connections Fund's impact is significant in supporting organizations that work to improve the quality of life for people and communities in the DC region. Through its financial allocation of funds designated to its general fund via the Community Connections Campaign, the Fund has awarded substantial grants to organizations serving needy communities. This support plays a crucial role in addressing various social challenges and contributing to the well-being of individuals and neighborhoods in the region.
This information is meant to be a general summary of World Bank Community Connections Fund. 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 2023.
- Investment Income: $3,952
- Gross Receipts: $482,566
Assets and Liabilities:
- Total Assets: $377,707
- Total Liabilities: $0
- Net Assets: $377,707
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Organization Details
Founding Year
2002
Phone
(202) 473-3030Principal Officer
Lindsey Buss
Main Address
1818 H STREET NW MSN MC-9-912, WASHINGTON, DC, 204330001
NTEE Category
Code: T20 - Philanthropy
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