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← WORLD BANK COMMUNITY CONNECTIONS FUND

Form 990 for tax year 2022

Filed by WORLD BANK COMMUNITY CONNECTIONS FUND.

Totals

Total revenue
$482,566
Total expenses
$385,909
Contributions and grants received
$478,614
Grants paid
$340,900
Program service revenue
$0
Investment income
$3,952
Other revenue
$0
Total assets, end of year
$377,707
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$377,707
Program services expenses (Part IX)
$340,900
Management and general expenses
$45,009
Fundraising expenses
$0
Program service expenses (Part III)
$340,900

Program services were 88.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $251,988

  • 1f · All other contributions, gifts and grants

    $226,626

  • 3 · Investment income

    total $3,952 · excluded $3,952

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $340,900 · program services $340,900

  • 11c · Fees: accounting

    total $22,750 · management and general $22,750

  • 13 · Office expenses

    total $1,082 · management and general $1,082

  • 23 · Insurance

    total $1,319 · management and general $1,319

  • 24a · Other expenses: DUES & INVOICES

    total $17,004 · management and general $17,004

  • 24b · Other expenses: MERCHANT FEES

    total $1,444 · management and general $1,444

  • 24c · Other expenses: LICENSES, FEES & TAXES

    total $1,410 · management and general $1,410

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $569,365 · end of year $370,423

  • 3 · Pledges and grants receivable

    beginning of year $12,285 · end of year $7,284

  • 17 · Accounts payable and accrued expenses

    beginning of year $600 · end of year $0

  • 18 · Grants payable

    beginning of year $300,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $236,050 · end of year $327,707

  • 28 · Net assets with donor restrictions

    beginning of year $45,000 · end of year $50,000

Mission and programs · 2022

Mission

TO PROVIDE THE WORLD BANK GROUP EMPLOYEES AND RETIREES WITH AN OPPORTUNITY TO SUPPORT NONPROFIT ORGANIZATIONS THAT WORK TO IMPROVE THE QUALITY OF LIFE OF PEOPLE AND COMMUNITIES.

Activities or mission (Part I)

WBCCF GENERAL FUND AWARDS CONTRIBUTIONS TO NONPROFITS SERVING NEEDY COMMUNITIES IN DC REGION.

  • THE PRIMARY FINANCIAL ACTIVITY OF THE WORLD BANK COMMUNITY CONNECTIONS FUND (WBCCF) IN FISCAL YEAR 2023 WAS THE ALLOCATION OF FUNDS DESIGNATED TO ITS WBCCF GENERAL FUND VIA THE WORLD BANK GROUP'S ANNUAL WORKPLACE GIVING PROGRAM - THE COMMUNITY CONNECTIONS CAMPAIGN (CCC). THE WBCCF BOARD OF DIRECTORS AWARDED A TOTAL OF $300,000 IN SPECIAL GRANTS TO THREE NONPROFIT ORGANIZATIONS ON THE CCC LIST, WHICH ARE PUBLIC CHARITIES EXEMPT UNDER IRS SECTION 501(C)(3). WBCCF DID NOT DERIVE ANY REVENUE SUCH AS FEES FOR SERVICES OR SALES OF GOODS DIRECTLY FROM THIS ACTIVITY.

    Expenses $340,900 · Grants $340,900

As filed on the 2022 return.

Listed in Part VII

  • CLARE EVANS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • GAIL DAVENPORT

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • SHEILA REDZEPI

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • MERLI BAROUDI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANIS DANI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TALIB ESMAIL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CLAY LIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARDELL MOFFET

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • EMMANUEL NYIRINKINDI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ALYOSIUS ORDU

    BOARD MEMBER UNTIL 12-6-22

    Total calculated
    $0
    Hours/week
    1

  • LINDSEY BUSS

    EXECUTIVE OFFICER

    Total calculated
    $0
    Hours/week
    10

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
16 October 2023
IRS schema version
2022v5.0
Source object
202332909349300548

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