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Nonprofiteer
← WORLD COUNCIL OF CREDIT UNIONS INC

Form 990 for tax year 2023

Filed by WORLD COUNCIL OF CREDIT UNIONS INC.

Totals

Total revenue
$14,623,375
Total expenses
$14,122,909
Contributions and grants received
$7,940,903
Grants paid
$472,401
Program service revenue
$6,588,335
Investment income
$94,137
Other revenue
$0
Total assets, end of year
$6,896,519
Total liabilities, end of year
$1,453,364
Net assets or fund balances, end of year
$5,443,155
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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)

    $7,662,559

  • 1f · All other contributions, gifts and grants

    $278,344

  • 2a · Program service revenue: REGISTRATION FEE REVENUE

    total $3,953,269 · related or exempt $3,953,269

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $2,634,606 · related or exempt $2,634,606

  • 2c · Program service revenue: DEVELOPMENT PROGRAMS

    total $460 · related or exempt $460

  • 3 · Investment income

    total $94,137 · excluded $94,137

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $472,401

  • 5 · Compensation of officers, directors and key employees

    total $1,479,129

  • 7 · Other salaries and wages

    total $3,505,433

  • 8 · Pension plan contributions

    total $216,707

  • 9 · Other employee benefits

    total $1,037,460

  • 10 · Payroll taxes

    total $647,577

  • 11c · Fees: accounting

    total $49,693

  • 11g · Fees: other

    total $1,868,136

  • 12 · Advertising and promotion

    total $10,243

  • 13 · Office expenses

    total $387,077

  • 14 · Information technology

    total $12,271

  • 16 · Occupancy

    total $241,678

  • 17 · Travel

    total $766,576

  • 19 · Conferences, conventions and meetings

    total $270,003

  • 22 · Depreciation, depletion and amortization

    total $26,910

  • 23 · Insurance

    total $113,150

  • 24a · Other expenses: WCUC CONFERENCE

    total $2,760,195

  • 24e · All other expenses

    total $258,270

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,256,325 · end of year $4,256,826

  • 2 · Savings and temporary cash investments

    beginning of year $114,032 · end of year $120,290

  • 3 · Pledges and grants receivable

    beginning of year $261,557 · end of year $625,218

  • 4 · Accounts receivable

    beginning of year $1,801,659 · end of year $1,435,134

  • 9 · Prepaid expenses and deferred charges

    beginning of year $243,532 · end of year $95,245

  • 10a · Land, buildings and equipment: cost or other basis

    $904,186

  • 10b · Land, buildings and equipment: accumulated depreciation

    $855,857

  • 10c · Land, buildings and equipment, net

    beginning of year $41,607 · end of year $48,329

  • 12 · Investments: other securities

    beginning of year $324,888 · end of year $313,989

  • 15 · Other assets

    beginning of year $86,235 · end of year $1,488

  • 17 · Accounts payable and accrued expenses

    beginning of year $854,011 · end of year $1,234,387

  • 19 · Deferred revenue

    beginning of year $251,380 · end of year $218,977

  • 25 · Other liabilities

    beginning of year $70,856 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $4,953,588 · end of year $5,443,155

Mission and programs · 2023

Mission

TO PROMOTE MORE EQUITABLE AND RESILIENT COMMUNITIES THROUGH FINANCIAL INCLUSION POWERED BY CREDIT UNIONS AND FINANCIAL COOPERATIVES.

Activities or mission (Part I)

TO EXPAND FINANCIAL INCLUSION WORLDWIDE THROUGH A VIBRANT AND GROWING GLOBAL CREDIT UNION MOVEMENT.

  • DEVELOPMENT WORLD COUNCIL OF CREDIT UNIONS (WOCCU) WORKS TO ADVANCE FINANCIAL INCLUSION THROUGH THE CREDIT UNION AND COOPERATIVE MODEL BY ENGAGING IN INTERNATIONAL ADVOCACY, DEVELOPMENT, EDUCATION AND NETWORKING THAT EMPOWERS UNDERSERVED POPULATIONS, AND PROMOTES MORE EQUITABLE AND RESILIENT COMMUNITIES.SINCE 1971, THE WORLD COUNCIL OF CREDIT UNIONS (WOCCU) HAS BEEN A LEADER OF THE GLOBAL CREDIT UNION MOVEMENT BRINGING ACCESS TO AFFORDABLE FINANCIAL SERVICES TO INDIVIDUALS IN DEVELOPING COUNTRIES. WOCCU IS THE GLOBAL LEADING VOICE FOR CREDIT UNIONS. MORE RECENTLY, WOCCU HAS PROVEN CAPABILITIES IN FINANCIAL INCLUSION, SERVING REMOTE AND RURAL AREAS, SUPPORTING COMMUNITIES AT RISK, ADVANCING WOMEN'S ENTREPRENEURSHIP AND ECONOMIC EMPOWERMENT, PROMOTING INCLUSIVE MARKET SYSTEMS, AND ENCOURAGING ENABLING REGULATORY SYSTEMS. RESTRUCTURING AFTER DISASTERS, ESTABLISHING NEW CREDIT UNION SYSTEMS, AND ENCOURAGING LEGISLATIVE REFORM/REGULATORY SYSTEM DEVELOPMENT.IN ADDITION TO OFFERING INNOVATIVE TECHNOLOGY SOLUTIONS, WOCCU'S TECHNICAL ASSISTANCE PROGRAMS EQUIP CREDIT UNIONS AND OTHER TYPES OF FINANCIAL COOPERATIVES WITH THE TOOLS AND TECHNIQUES NECESSARY TO STRENGTHEN THEIR FINANCIAL MANAGEMENT AND DELIVER FAIRLY PRICED FINANCIAL SERVICES TO UNDERSERVED COMMUNITIES.

  • WOCCU PROVIDES THE FOLLOWING TYPES OF ACTIVITIES:- ADVOCACY FOR CREDIT UNIONS AND OTHER FINANCIAL COOPERATIVES IN FRONT OF INTERNATIONAL STANDARD SETTING BODIES- CONNECTS ALL CREDIT UNIONS TO THE GLOBAL MOVEMENT THROUGH BOTH FACE-TO-FACE AND VIRTUAL ENGAGEMENT AND NETWORKING. - INVESTS IN LEARNING OPPORTUNITIES FOR CREDIT UNION PROFESSIONALS, WITH AN EMPHASIS ON EMPOWERING YOUTH AND WOMEN- IMPLEMENTS PROJECTS THAT REACH UNDERSERVED POPULATIONS, WITH A FOCUS ON WOMEN, YOUTH, MIGRANTS AND RURAL PROJECTIONS. - PROMOTES SHARED DIGITAL PLATFORMS AND SOLUTIONS THAT ADDRESS COMMON CREDIT UNION CHALLENGES

  • WOCCU'S ANNUAL WORLD CREDIT UNION CONFERENCE ACTIVITIES SUPPORT:- RAISING AWARENESS OF CREDIT UNIONS AND FINANCIAL COOPERATIVES- FACILITATING THE GLOBAL EXCHANGE OF INFORMATION AND IDEAS- ADVOCATING TO IMPROVE LEGISLATION AND REGULATION INTERNATIONALLY- BRING TOGETHER CREDIT UNION LEADERS FOR NETWORKING - PROVIDING EDUCATION ON INDUSTRY-RELATED ISSUES

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DALLAS BERGL

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DIANA DYKSTRA

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ERIN MENDEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GEORGE OTOTO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GRACE BADILLA LOPEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HELENE MCMANUS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFF GUTHRIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH REMY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH THOMAS

    US ADVOCACY AD HOC COMMITT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LINDA BOWYER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MANFRED ALFONSO DASENBROCK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MICHAEL LAWRENCE

    VICE CHAIR/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • RAFAL MATUSIAK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • YOUNSIK KIM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ELISSA MCCARTER LABORDE

    CEO

    Total calculated
    $544,013
    From this org
    $475,646
    From related orgs
    $0
    Other
    $68,367
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $423,549
    Bonus
    $50,000
    Other
    $2,097
    Deferred
    $26,400
    Nontaxable benefits
    $41,967
    Filer's total
    $544,013

  • PAUL TREINEN

    EXECUTIVE VP

    Total calculated
    $200,447
    From this org
    $167,469
    From related orgs
    $0
    Other
    $32,978
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,775
    Bonus
    $0
    Other
    $27,694
    Deferred
    $14,241
    Nontaxable benefits
    $18,737
    Filer's total
    $200,447

  • UKEME FALADE

    CFO

    Total calculated
    $255,511
    From this org
    $232,221
    From related orgs
    $0
    Other
    $23,290
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,941
    Bonus
    $10,000
    Other
    $15,280
    Deferred
    $19,273
    Nontaxable benefits
    $4,017
    Filer's total
    $255,511

  • ANDREW PRICE

    GENERAL COUNSEL/VP OF ADVOCACY

    Total calculated
    $259,041
    From this org
    $208,575
    From related orgs
    $0
    Other
    $50,466
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,347
    Bonus
    $0
    Other
    $1,228
    Deferred
    $17,708
    Nontaxable benefits
    $32,758
    Filer's total
    $259,041

  • ANGELINA TRACY

    VP OF STRATEGIC GROWTH/PARTNERSHIPS

    Total calculated
    $220,113
    From this org
    $174,615
    From related orgs
    $0
    Other
    $45,498
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,754
    Bonus
    $10,000
    Other
    $861
    Deferred
    $15,118
    Nontaxable benefits
    $30,380
    Filer's total
    $220,113

  • EWA SIERZYNSKA

    CHIEF OF PARTY

    Total calculated
    $173,458
    From this org
    $137,905
    From related orgs
    $0
    Other
    $35,553
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,185
    Bonus
    $0
    Other
    $720
    Deferred
    $11,512
    Nontaxable benefits
    $24,041
    Filer's total
    $173,458

  • MELISSA VARNADO

    HEAD OF OPERATIONS/COMPLIANCE

    Total calculated
    $147,816
    From this org
    $134,311
    From related orgs
    $0
    Other
    $13,505
    Hours/week
    40

  • MICHAEL REUTER

    PRESIDENT WORLDWIDE FOUNDATION

    Total calculated
    $147,939
    From this org
    $135,893
    From related orgs
    $0
    Other
    $12,046
    Hours/week
    40 + 1 related

  • OSCAR GUZMAN

    CHIEF OF PARTY

    Total calculated
    $246,510
    From this org
    $224,075
    From related orgs
    $0
    Other
    $22,435
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,650
    Bonus
    $0
    Other
    $26,425
    Deferred
    $6,741
    Nontaxable benefits
    $15,694
    Filer's total
    $246,510

  • PANYA MONFORD

    ASST GENERAL COUNSEL OF ADVOCACY

    Total calculated
    $167,758
    From this org
    $151,751
    From related orgs
    $0
    Other
    $16,007
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,946
    Bonus
    $0
    Other
    $805
    Deferred
    $6,359
    Nontaxable benefits
    $9,648
    Filer's total
    $167,758

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 4B
ELISSA MCCARTER LABORDE PARTICIPATED IN A 457(F) PLAN WITH CONTRIBUTIONS IN 2023 OF $134,400.
PART I, LINE 1A
AS PART OF HER CONTRACT, WOCCU PAYS THE EXPENSES FOR THE CEO'S SPOUSE FOR UP TO THREE TRIPS PER YEAR TO TRAVEL WITH HER WHILE SHE IS ON COMPANY BUSINESS. FOR 2023, THE TOTAL VALUE OF THE TRAVEL WAS $1,735. THIS AMOUNT IS INCLUDED IN REPORTABLE COMPENSATION IN PART VII OF THIS FORM AND IS TREATED AS A TAXABLE FRINGE BENEFIT ON HER 2023 W-2.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • WOCCU SERVICES GROUP INC

    C · CREDIT UNION SERVICES · WI · 100% owned · share of assets $313,989 · controlled entity

    Directly controlled by WORLD COUNCIL OF CREDIT UNIONS INC

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202403199349312225

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