Form 990 for tax year 2022
Filed by WORLD COUNCIL OF CREDIT UNIONS INC.
Totals
- Total revenue
- $16,081,976
- Total expenses
- $14,669,103
- Contributions and grants received
- $10,726,219
- Grants paid
- $1,976,950
- Program service revenue
- $5,355,757
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $6,129,835
- Total liabilities, end of year
- $1,176,247
- Net assets or fund balances, end of year
- $4,953,588
- 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)
$10,276,219
-
1f · All other contributions, gifts and grants
$450,000
-
2a · Program service revenue: MEMBERSHIP DUES
total $2,585,156 · related or exempt $2,585,156
-
2b · Program service revenue: REGISTRATION FEE REVENUE
total $2,542,927 · related or exempt $2,542,927
-
2c · Program service revenue: DEVELOPMENT PROGRAMS
total $227,674 · related or exempt $227,674
Functional expenses
Part IX, the statement of functional expenses.
-
3 · Grants to foreign organizations and individuals
total $1,976,950
-
5 · Compensation of officers, directors and key employees
total $1,266,834
-
7 · Other salaries and wages
total $4,028,430
-
8 · Pension plan contributions
total $302,436
-
9 · Other employee benefits
total $1,138,917
-
10 · Payroll taxes
total $632,905
-
11b · Fees: legal
total $58,695
-
11c · Fees: accounting
total $111,428
-
11g · Fees: other
total $1,530,507
-
12 · Advertising and promotion
total $809
-
13 · Office expenses
total $363,814
-
14 · Information technology
total $3,477
-
16 · Occupancy
total $302,564
-
17 · Travel
total $924,804
-
19 · Conferences, conventions and meetings
total $240,243
-
22 · Depreciation, depletion and amortization
total $71,710
-
23 · Insurance
total $94,265
-
24a · Other expenses: WCUC CONFERENCE
total $1,575,508
-
24e · All other expenses
total $44,807
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,496,468 · end of year $3,256,325
-
2 · Savings and temporary cash investments
beginning of year $160,488 · end of year $114,032
-
3 · Pledges and grants receivable
beginning of year $974,969 · end of year $261,557
-
4 · Accounts receivable
beginning of year $709,559 · end of year $1,801,659
-
9 · Prepaid expenses and deferred charges
beginning of year $79,039 · end of year $243,532
-
10a · Land, buildings and equipment: cost or other basis
$870,312
-
10b · Land, buildings and equipment: accumulated depreciation
$828,705
-
10c · Land, buildings and equipment, net
beginning of year $105,827 · end of year $41,607
-
12 · Investments: other securities
beginning of year $290,342 · end of year $324,888
-
15 · Other assets
beginning of year $4,405 · end of year $86,235
-
17 · Accounts payable and accrued expenses
beginning of year $664,903 · end of year $854,011
-
19 · Deferred revenue
beginning of year $0 · end of year $251,380
-
23 · Secured mortgages and notes payable
beginning of year $650,025 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $70,856
-
27 · Net assets without donor restrictions
beginning of year $3,506,169 · end of year $4,953,588
Mission and programs · 2022
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 AND COOPERATIVE FINANCIAL INSTITUTIONS WORLDWIDE TO ENCOURAGE AFFORDABLE, AVAILABLE AND ACCESSIBLE FINANCIAL SERVICES. WOCCU'S CORE CAPABILITIES ARE GROUNDED IN ITS DRIVE TO PROVIDE MILLIONS OF POOR AND LOW-INCOME PEOPLE ACCESS TO THE ARRAY OF FINANCIAL SERVICES THEY NEED THROUGH CREDIT UNIONS, REGARDLESS OF CHALLENGES POSED BY THE SURROUNDING ENVIRONMENT. 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 LARGE NUMBER OF POOR AND LOW-INCOME PEOPLE.
-
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- IMPLEMENT 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 LEGISLATIVE AND REGULATION INTERNATIONALLY- BRING TOGETHER CREDIT UNION LEADERS FOR NETWORKING - PROVIDING EDUCATION ON INDUSTRY-RELATED ISSUES
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Diana DykstraDIANA DYKSTRA
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Michael LawrenceMICHAEL LAWRENCE
VICE CHAIR/SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
George OtotoGEORGE OTOTO
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Younsik KimYOUNSIK KIM
CHAIR OF COVID-19 COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joseph ThomasJOSEPH THOMAS
US ADVOCACY AD HOC COMMITTEE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jaime Chavez SuarezJAIME CHAVEZ SUAREZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Manfred Alfonso DasenbrockMANFRED ALFONSO DASENBROCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Carla CiceroCARLA CICERO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Charles MurphyCHARLES MURPHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dallas BerglDALLAS BERGL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Linda BowyerLINDA BOWYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joseph RemyJOSEPH REMY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff GuthrieJEFF GUTHRIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rafal MatusiakRAFAL MATUSIAK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Martha DurdinMARTHA DURDIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Elissa McCarter LabordeELISSA MCCARTER LABORDE
CEO
- Total calculated
- $493,896
- From this org
- $431,822
- From related orgs
- $0
- Other
- $62,074
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $425,000
- Bonus
- $0
- Other
- $6,822
- Deferred
- $24,400
- Nontaxable benefits
- $37,674
- Filer's total
- $493,896
-
Ukeme FaladeUKEME FALADE
CFO
- Total calculated
- $226,763
- From this org
- $206,746
- From related orgs
- $0
- Other
- $20,017
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $205,615
- Bonus
- $0
- Other
- $1,131
- Deferred
- $16,334
- Nontaxable benefits
- $3,683
- Filer's total
- $226,763
-
Paul TreinenPAUL TREINEN
EXECUTIVE VP
- Total calculated
- $288,722
- From this org
- $242,810
- From related orgs
- $0
- Other
- $45,912
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $239,534
- Bonus
- $500
- Other
- $2,776
- Deferred
- $18,839
- Nontaxable benefits
- $27,073
- Filer's total
- $288,722
-
Andrew PriceANDREW PRICE
GENERAL COUNSEL AND VP OF ADVOCACY
- Total calculated
- $257,453
- From this org
- $216,543
- From related orgs
- $0
- Other
- $40,910
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $214,815
- Bonus
- $500
- Other
- $1,228
- Deferred
- $17,225
- Nontaxable benefits
- $23,685
- Filer's total
- $257,453
-
Panya MonfordPANYA MONFORD
ASST GENERAL COUNSEL
- Total calculated
- $170,647
- From this org
- $155,877
- From related orgs
- $0
- Other
- $14,770
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $155,111
- Bonus
- $0
- Other
- $766
- Deferred
- $6,204
- Nontaxable benefits
- $8,566
- Filer's total
- $170,647
-
Megan O'DonnellMEGAN O'DONNELL
VP OF FINANCIAL INCLUSION
- Total calculated
- $146,972
- From this org
- $125,200
- From related orgs
- $0
- Other
- $21,772
- Hours/week
- 40
-
Oscar GuzmanOSCAR GUZMAN
REGIONAL DIRECTOR
- Total calculated
- $196,155
- From this org
- $175,483
- From related orgs
- $0
- Other
- $20,672
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $152,375
- Bonus
- $0
- Other
- $23,108
- Deferred
- $6,095
- Nontaxable benefits
- $14,577
- Filer's total
- $196,155
-
Roger MoyesROGER MOYES
CHIEF OF PARTY
- Total calculated
- $179,765
- From this org
- $150,126
- From related orgs
- $0
- Other
- $29,639
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $141,347
- Bonus
- $5,000
- Other
- $3,779
- Deferred
- $5,385
- Nontaxable benefits
- $24,254
- Filer's total
- $179,765
-
Melissa VarnadoMELISSA VARNADO
HEAD OF OPERATIONS
- Total calculated
- $136,656
- From this org
- $124,819
- From related orgs
- $0
- Other
- $11,837
- Hours/week
- 40
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 2022 OF $127,500.
- 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 2022, THE TOTAL VALUE OF THE TRAVEL WAS $5,315. THIS AMOUNT IS INCLUDED IN REPORTABLE COMPENSATION IN PART VII OF THIS FORM AND IS TREATED AS A TAXABLE FRINGE BENEFIT ON HIS 2022 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.
-
WORLDWIDE FOUNDATION FOR CREDIT UNIONS INC
501(C)(3) · TO ASSIST CREDIT UNION SYSTEMS & MEMBERS IN DEVELOPMENT ACTIVITIES · WI · controlled entity
Directly controlled by WORLD COUNCIL OF CREDIT UNIONS INC
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 income $36,836 · share of assets $324,888 · controlled entity
Directly controlled by WORLD COUNCIL OF CREDIT UNIONS INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 8 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343129349304039
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