2023-05-10T19:42:55-05:00 2022-06-30 911194016 CLARK NUBER PS 10900 NE 4TH STREET SUITE 1400 BELLEVUE WA 98004 990 2021-07-01 820574491 GLOBAL PARTNERSHIPS GLOB 2066528773 1201 WESTERN AVE 410 SEATTLE WA 98101 BILL RICHTER TREASURER 2066528773 2023-05-10 1 BILL RICHTER XXX-XX-XXXX JENNIFER BECKER HARRIS P00183358 4254544919 2023-05-10 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z X RICK BECKETT 1201 WESTERN AVE 410 SEATTLE WA 98101 15763091 0 X WWW.GLOBALPARTNERSHIPS.ORG X EXEMPT ORGANIZATION 2002 WA GLOBAL PARTNERSHIPS' MISSION IS TO EXPAND OPPORTUNITY FOR PEOPLE LIVING IN POVERTY. 16 8 28 21 0 0 2557182 5681221 8218946 9712715 391335 -299213 -7043 27 11160420 15094750 0 0 0 0 4168708 4154412 0 0 365922 6706340 9014046 10875048 13168458 285372 1926292 150824323 181973037 132453383 162743576 18370940 19229461 GLOBAL PARTNERSHIPS IS AN IMPACT-FIRST INVESTOR WHOSE CHARITABLE MISSION IS TO EXPAND OPPORTUNITY FOR PEOPLE LIVING IN POVERTY IN DEVELOPING COUNTRIES AROUND THE WORLD. 0 0 12212690 9712715 AS OF JUNE 30, 2022, GLOBAL PARTNERSHIPS (GP) HAD MORE THAN $160 MILLION INVESTED IN 92 MICROFINANCE INSTITUTIONS, SOCIAL BUSINESSES AND COOPERATIVES IN 28 COUNTRIES IN LATIN AMERICA, THE CARIBBEAN AND SUB-SAHARAN AFRICA. GP INVESTS IN SOCIAL ENTERPRISES WITH SUSTAINABLE SOLUTIONS THAT HELP IMPOVERISHED PEOPLE INCREASE THEIR INCOMES AND IMPROVE THEIR LIVES, WITH INVESTMENTS IN 14 DISTINCT INITIATIVES THAT ADDRESS FACETS OF POVERTY ACROSS LIVELIHOODS, EDUCATION, ENERGY, HEALTH, HOUSING, AND SANITATION. THE VAST MAJORITY (MORE THAN 87%) OF THE FUNDS INVESTED BY GLOBAL PARTNERSHIPS ARE INVESTED WITH MICRO-FINANCE INSTITUTIONS. 12212690 1 1 0 1 0 0 0 0 0 1 1 0 1 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 83 0 28 1 0 1 KE CO 0 0 0 0 0 0 0 0 0 0 X 16 8 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 WA CA X X X MEGAN MUIR 2066528773 1201 WESTERN AVE SUITE 410 SEATTLE WA 98101 MIKE GALGON PRESIDENT AND CHAIR 1.00 0.00 X X 0 0 0 MAGGIE WALKER SECRETARY 1.00 0.00 X X 0 0 0 BILL RICHTER TREASURER 1.00 0.00 X X 0 0 0 KURT DELBENE TREASURER 1.00 0.00 X X 0 0 0 ALEX SILVA BOARD DIRECTOR 1.00 0.00 X 0 0 0 CURT B FRASER BOARD DIRECTOR 1.00 0.00 X 0 0 0 DEIRDRE BLACK BOARD DIRECTOR 1.00 0.00 X 0 0 0 ED LAZAR BOARD DIRECTOR 1.00 0.00 X 0 0 0 ENRIQUE GODREAU III BOARD DIRECTOR 1.00 0.00 X 0 0 0 GREGG JOHNSON BOARD DIRECTOR 1.00 0.00 X 0 0 0 H STEWART PARKER BOARD DIRECTOR 1.00 0.00 X 0 0 0 JANE STONECIPHER BOARD DIRECTOR 1.00 0.00 X 0 0 0 MATTHEW MCBRADY BOARD DIRECTOR 1.00 0.00 X 0 0 0 PAULA CLAPP BOARD DIRECTOR 1.00 0.00 X 0 0 0 PETER BLADIN BOARD DIRECTOR 1.00 0.00 X 0 0 0 ROBERT VAN CLEVE BOARD DIRECTOR 1.00 0.00 X 0 0 0 ROSARIO PEREZ BOARD DIRECTOR 1.00 0.00 X 0 0 0 SAMUEL SSENYIMBA BOARD DIRECTOR 1.00 0.00 X 0 0 0 TIM PORTER BOARD DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM CLAPP BOARD DIRECTOR 1.00 0.00 X 0 0 0 RICK BECKETT CEO 40.00 0.00 X 399619 0 81913 MARK COFFEY PRESIDENT & CIO 40.00 0.00 X 252002 0 32355 MEGAN MUIR COO & GENERAL COUNSEL 40.00 0.00 X 192979 0 30088 JIM VILLENUEVA MANAGING DIRECTOR 40.00 0.00 X 173917 0 21630 TARA MURPHY FORDE MANAGING DIRECTOR 40.00 0.00 X 149973 0 32175 NATHALIA RODRIGUEZ SENIOR VICE PRESIDENT 40.00 0.00 X 149101 0 20147 MICHAEL MCGINN VP FINANCE & ADMINISTRATION 40.00 0.00 X 143492 0 19940 RICARDO VISBAL VP, LATIN AMERICA PORTFOLIO 40.00 0.00 X 117522 0 2555 1578605 0 240803 11 0 1 0 GLOBAL PARTNERSHIPS COLOMBIA SAS WEWORK CARRERA 11B 99 - 25 11-122 BOGOTA CUNDINAMARCA CO IMPACT INVESTING 496143 1 5681221 314680 5681221 SOCIAL INV LOANS INT 523999 8969556 8969556 LOAN COMMITMENT FEES 523999 743159 743159 9712715 60602 60602 308526 668341 -359815 -359815 -359815 FOREIGN EXCHANGE GAIN 900099 27 27 27 15094750 9712715 0 -299186 1035154 748097 189019 98038 2311981 1961398 181330 169253 141407 119877 11265 10265 386834 319453 35477 31904 279036 239807 21935 17294 102295 100832 836 627 77921 40486 37435 505146 505146 5577 3735 1842 51424 42333 4857 4234 165178 157570 6978 630 169628 136923 17359 15346 109292 107642 1269 381 153791 124593 21098 8100 5876606 5876606 23744 18907 4212 625 69523 34246 34928 349 SOCIAL INV LOSS ALLOW 1396793 1396793 LOAN FEES 148556 148556 BANK CHARGES 37050 25152 10217 1681 121522 104538 11631 5353 13168458 12212690 589846 365922 27521 57489 27761197 17123605 847924 868053 45320 134253 411795 339147 80534 72648 119290346 159504759 2771481 4212230 150824323 181973037 1712739 1326442 2056953 1568802 123768272 152251964 4915419 7596368 132453383 162743576 X 17077955 18045016 1292985 1184445 18370940 19229461 150824323 181973037 X 1926292 -539378 -528393 X 0 1 X 1 0 X 1486508 5268666 3260903 2557182 5681221 18254480 1486508 5268666 3260903 2557182 5681221 18254480 8469408 9785072 178203 332705 309011 97345 60602 977866 98151 -1500 1388 -7043 27 91023 19323369 40434004 0.50640 0.62540 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: INVESTOR TRIP - 2017 AMOUNT: $ 98,151. OTHER INCOME - 2018 AMOUNT: $ -1,500. FOREIGN EXCHANGE G/L - 2019 AMOUNT: $ 1,388. 2020 AMOUNT: $ -7,043. 2021 AMOUNT: $ 27. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12663312 12663312 783166 195792 0 0 661860 687749 668950 783166 2801725 4202588 165465 171937 167238 195792 700432 1050648 273064 -38369 18300 216395 204179 84101 15216 273064 101945 100000 9094 6860 204179 100000 1945 101945 0.00000 0.92000 0.08000 0 0 31313 31313 0 233552 189696 43856 146930 118138 28792 72648 SOCIAL LOAN INVESTMENT 152435569 F MFX SOLUTIONS, EQUITY INVESTMENT 412836 C SOCIAL INVESTMENTS IN EQUITY SECURITIES 4528839 C CALVERT SOCIAL INVESTMENT NOTES 1606120 C VFTAX ENDOWMENT 216395 F GLOBAL PARTNERSHIPS COLOMBIA SAS 305000 C 159504759 DERIVATIVE INSTRUMENTS LIABILITY 1249120 RECOVERABLE GRANT LIABILITY 359786 INTEREST PAYABLE 5987462 7596368 14564372 -539378 9000 -530378 15094750 0 15094750 13165088 9000 492776 501776 12663312 505146 505146 13168458 PART V, LINE 4: ENDOWMENT FUNDS ARE TO BE USED TO FURTHER THE ORGANIZATIONS MISSION OF EXPANDING OPPORTUNITY FOR PEOPLE LIVING IN POVERTY. THE ORGANIZATION WILL INVEST THOSE FUNDS TO BE CONSISTENT WITH ITS MISSION, WHICH INCLUDE INVESTING IN SOCIALLY RESPONSIBLE INVESTMENT FUND VEHICLES. PART XII, LINE 2D - OTHER ADJUSTMENTS: GP SAS EXPENSES 492,776. PART XII, LINE 4B - OTHER ADJUSTMENTS: GP COLOMBIA SAS SERVICE FEE EXPENSE 505,146. SCHEDULE D, PART VIII: LINE 1(C): SOCIAL LOAN INVESTMENTS ARE HELD AT COST LESS AN ALLOWANCE FOR LOAN LOSSES. SEE THE AUDITED FINANCIAL STATEMENTS FOR FURTHER DETAILS. LINE 4(C): SOCIAL INVESTMENTS IN SECURITIES ARE RECORDED AT COST AND EVALUATED FOR IMPAIRMENT ANNUALLY. LINE 6(C): VFTAX ENDOWMENT INVESTMENT IS HELD AT FAIR VALUE (END OF YEAR MARKET VALUE) LESS WITHDRAWALS. SOUTH AMERICA 0 0 SOCIAL INVESTMENTS 55086000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 SOCIAL INVESTMENTS 52483000 SUB-SAHARAN AFRICA 0 0 SOCIAL INVESTMENTS 41233000 NORTH AMERICA 0 0 SOCIAL INVESTMENTS 11776000 SOUTH AMERICA 1 6 PROGRAM SERVICES MANAGEMENT OF PROGRAMS & SOCIAL INVESTMENTS 1250000 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES MANAGEMENT OF PROGRAMS & SOCIAL INVESTMENTS 695000 SUB-SAHARAN AFRICA 1 4 PROGRAM SERVICES MANAGEMENT OF PROGRAMS & SOCIAL INVESTMENTS 588000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES MANAGEMENT OF PROGRAMS & SOCIAL INVESTMENTS 435000 NORTH AMERICA 0 0 PROGRAM SERVICES MANAGEMENT OF PROGRAMS & SOCIAL INVESTMENTS 235000 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES MANAGEMENT OF PROGRAMS & SOCIAL INVESTMENTS 63000 2 10 0 0 2 10 163546000 298000 163844000 1 0 1 0 0 0 PART I, LINE 3: ACCRUAL METHOD OF ACCOUNTING HAS BEEN USED TO ACCOUNT FOR THE EXPENDITURES. PART III ACCOUNTING METHOD: GENERAL EXPLANATION: GP STAFF MONITOR LOANS DISBURSED TO LOCAL PARTNERS BOTH VIA ON-SITE MONITORING VISITS AND THROUGH QUARTERLY FINANCIAL AND PROGRAM REPORTS RECEIVED FROM EACH ENTITY. X X X X X 0 0 0 0 0 0 0 0 0 RICK BECKETT CEO 384547 0 12300 0 2772 0 64500 0 17413 0 481532 0 0 0 MARK COFFEY PRESIDENT & CIO 249230 0 0 0 2772 0 14954 0 17401 0 284357 0 0 0 MEGAN MUIR COO & GENERAL COUNSEL 192046 0 0 0 933 0 12000 0 18088 0 223067 0 0 0 JIM VILLENUEVA MANAGING DIRECTOR 172400 0 0 0 1517 0 10509 0 11121 0 195547 0 0 0 TARA MURPHY FORDE MANAGING DIRECTOR 149647 0 0 0 326 0 10020 0 22155 0 182148 0 0 0 NATHALIA RODRIGUEZ SENIOR VICE PRESIDENT 148813 0 0 0 288 0 8929 0 11218 0 169248 0 0 0 MICHAEL MCGINN VP FINANCE & ADMINISTRATION 143245 0 0 0 247 0 8595 0 11345 0 163432 0 0 0 BILL RICHTER BOARD MEMBER GP SOCIAL INVESTMENT LOAN X 200000 200000 0 1 1 DONNA LOU SPOUSE OF BOARD MEMBER GP SOCIAL INVESTMENT LOAN X 250000 224127 0 1 1 JANE STONECIPHER BOARD MEMBER GP SOCIAL INVESTMENT LOAN X 150000 144825 0 1 1 MAGGIE WALKER BOARD MEMBER GP SOCIAL INVESTMENT LOAN X 250000 250000 0 1 1 WILLIAM PAULA CLAPP BOARD MEMBERS GP SOCIAL INVESTMENT LOAN X 100000 100000 0 1 1 STEWART PARKER BOARD MEMBER GP SOCIAL INVESTMENT LOAN X 100000 49850 0 1 1 TIMOTHY AND JENNIFER PORTER BOARD MEMBER AND SPOUSE OF BOARD MEMBER GP SOCIAL INVESTMENT LOAN X 100000 100000 0 1 1 KURT DELBENE BOARD MEMBER GP SOCIAL INVESTMENT LOAN X 500000 500000 0 1 1 1568802 X 4 314680 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS IS EQUAL TO THE NUMBER OF UNIQUE DONORS. FORM 990, PART I, LINE 6: GLOBAL PARTNERSHIPS (GP) RELIED ON VOLUNTEER HOURS FROM 21 INDIVIDUALS IN FISCAL YEAR 2022. OUR MOST SIGNIFICANT VOLUNTEER SUPPORT CAME FROM OUR BOARD OF DIRECTORS AND ADVISORY COMMITTEE MEMBERS, WHO VOLUNTEERED THEIR LEADERSHIP EXPERTISE OVER THE COURSE OF THE YEAR. IN ADDITION TO THE VOLUNTEERS, GP RECEIVED PRO BONO SUPPORT FROM ONE LAW FIRM IN FISCAL YEAR 2022. THESE SERVICES ARE ESSENTIAL TO GP'S ABILITY TO EXECUTE ITS INTERNATIONAL PROGRAM WORK. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS EMPOWERED TO ACT ON BEHALF OF THE BOARD IN BETWEEN BOARD MEETINGS. ALL MEMBERS OF THIS SUB-COMMITTEE ARE BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 2 DIRECTORS WILLIAM H. CLAPP AND PAULA CLAPP HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE VICE PRESIDENT OF FINANCE, THE GENERAL COUNSEL AND CHIEF OPERATING OFFICER REVIEW THE FORM 990, AS PREPARED BY THE EXTERNAL TAX ACCOUNTANTS, TO ENSURE ITS ACCURACY AND COMPLETENESS. THE FORM 990 IS THEN PRESENTED TO THE ENTERPRISE RISK AND AUDIT COMMITTEE, A SUBCOMMITTEE OF THE BOARD OF DIRECTORS, FOR REVIEW AND APPROVAL. FINALLY, THE FORM 990 IS REVIEWED AND SIGNED BY THE TREASURER AND CIRCULATED TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST QUESTIONNAIRES ARE COMPLETED BY ALL OFFICERS AND DIRECTORS. OTHER EMPLOYEES COMPLETE QUESTIONNAIRES AT DATE OF HIRE AND WHENEVER ADDITIONAL DISCLOSURE REQUIREMENTS ARISE. THE COMPLETED QUESTIONNAIRES ARE REVIEWED BY THE COO. IF A CONFLICT OF INTEREST OCCURS, THE INDIVIDUAL IS NOT ALLOWED TO VOTE ON ANY ISSUES WHICH WOULD BE RELATED TO THE CONFLICT OF INTEREST DURING THE DURATION OF THE PERIOD THAT THE CONFLICT OF INTEREST EXISTS. ADDITIONALLY, THE CONFLICT OF INTEREST WOULD BE DISCLOSED TO THE ENTIRE BOARD. FORM 990, PART VI, SECTION B, LINE 15A EACH YEAR THE ANNUAL LABOR BUDGET FOR NON-CONTRACT EMPLOYEES IS APPROVED IN ADVANCE BY THE EXECUTIVE COMMITTEE, A SUBCOMMITTEE OF THE BOARD OF DIRECTORS. THIS EXECUTIVE COMMITTEE ALSO REVIEWED THE CEO'S AND THE PRESIDENT'S COMPENSATION USING MARKET COMPARABILITY DATA TO INFORM AND SET COMPENSATION. THE CEO REVIEWS AND SETS OTHER NON-CONTRACT OFFICER COMPENSATION ANNUALLY. THE DATE OF THE LAST COMPENSATION REVIEW FOR THE CEO WAS DECEMBER 2021 FOR COMPENSATION THROUGH FISCAL YEAR 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ANNUAL REPORT, AUDITED FINANCIALS AND THE FORM 990 ARE POSTED ON THE ORGANIZATION'S WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: REMOVAL OF GP SAS EXPENSES FOR TAX -492,776. REMOVAL OF GP SAS ASSETS FOR TAX -35,617. GP FUND MANAGEMENT LLC 1201 WESTERN AVE SUITE 410 SEATTLE WA 98101 203550156 FUND MANAGEMENT DE 2559649 789 GLOBAL PARTNERSHIPS GLOBAL PARTNERSHIPS SOCIAL INVESTMENT FUND 60 LLC 1201 WESTERN AVE SUITE 410 SEATTLE WA 98101 383978375 FUND & MANAGE SOCIAL INVESTMENT LOANS DE 4174634 72021235 GLOBAL PARTNERSHIPS GLOBAL PARTNERSHIPS SOCIAL INVESTMENT FUND 50 LLC 1201 WESTERN AVE SUITE 410 SEATTLE WA 98101 383889550 FUND & MANAGE SOCIAL INVESTMENT LOANS DE 3139302 44935686 GLOBAL PARTNERSHIPS GLOBAL PARTNERSHIPS ELEOS SOCIAL VENTURE FUND LLC 1201 WESTERN AVE SUITE 410 SEATTLE WA 98101 384002682 FUND & MANAGE SOCIAL INVESTMENTS & EQUITY INVESTMENTS DE 30 4349987 GLOBAL PARTNERSHIPS GLOBAL PARTNERSHIPS IMPACT-FIRST DEVELOPMENT FUND LLC 1201 WESTERN AVE SUITE 410 SEATTLE WA 98101 320584432 FUND & MANAGE SOCIAL INVESTMENT LOANS DE 1280648 28927450 GLOBAL PARTNERSHIPS GLOBAL PARTNERSHIPS IMPACT-FIRST GROWTH FUND LLC 1201 WESTERN AVE SUITE 410 SEATTLE WA 98101 871121352 FUND & MANAGE SOCIAL INVESTMENT LOANS DE 819167 17848145 GLOBAL PARTNERSHIPS GLOBAL PARTNERSHIPS COLOMBIA SAS WEWORK CARRERA 11B 99 - 25 11-122 BOGOTA CUNDINAMARCA CO NONPROFIT IMPACT INVESTING CO GLOBAL PARTNERSHIPS C 501721 75305 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 GLOBAL PARTNERSHIPS COLOMBIA SAS R 501168 CASH