2023-10-26T16:17:06-05:00 2022-12-31 135565207 KPMG LLP 345 PARK AVENUE NEW YORK NY 101540102 990 2022-01-01 822828138 WOMEN'S WORLD BANKING INC WOME 2127688513 122 EAST 42ND STREET 42ND FLOOR NEW YORK NY 10168 STEPHANIE WELTY CFO 2127688513 2023-10-25 1 STEPHANIE WELTY 999009999 0 OMO-OSE JOSEPH-ERAMEH P02534927 2127589700 2023-10-25 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARY ELLEN ISKENDERIAN 122 EAST 42ND STREET 42ND FL NEW YORK NY 10168 24566819 0 X WWW.WOMENSWORLDBANKING.ORG X 2017 NY THE MISSION OF WOMEN'S WORLD BANKING IS TO EXPAND THE ECONOMIC ASSETS, SEE SCHEDULE O 10 10 101 25 0 0 20315376 8348461 2423877 3234577 1982651 369062 3310 1462883 24725214 13414983 313586 359789 0 0 10735554 12876048 0 0 2467348 4814642 5264045 15863782 18499882 8861432 -5084899 45990561 39438414 2600479 4933174 43390082 34505240 X THE MISSION OF WOMEN'S WORLD BANKING IS TO EXPAND THE ECONOMICASSETS, PARTICIPATION AND POWER OF LOW-INCOME WOMEN AND THEIRHOUSEHOLDS BY HELPING THEM ACCESS FINANCIAL SERVICES, KNOWLEDGE ANDMARKETS. FOR MORE INFORMATION, SEE SCHEDULE O. 0 0 12428417 359789 317251 WOMEN'S WORLD BANKING'S PROGRAMS HOLDS THE ORGANIZATION'S PRIMARY PROGRAMMATIC ACTIVITIES. WITHIN WWB'S PROGRAMMING, THE ORGANIZATION HAS THREE PRIMARY FOCUS AREAS:(A) DEVELOP MARKET DRIVEN FINANCIAL SOLUTIONS: LEVERAGING RIGOROUS RESEARCH AND INTELLIGENCE IN KEY MARKETS, THE ORGANIZATION IDENTIFIES BARRIERS TO WOMEN'S FINANCIAL INCLUSION. THE ORGANIZATION THEN WORKS WITH CRITICAL PARTNERS WITHIN PRIORITY MARKETS (INCLUDING POLICYMAKERS, REGULATORS, AND FINANCIAL SERVICE PROVIDERS) TO OVERCOME THESE BARRIERS BY DEVELOPING POLICY STRATEGIES AND COMMERCIALLY-VIABLE SOLUTIONS TO HELP BRING FINANCIAL SERVICES TO UNDERBANKED WOMEN. SEE SCHEDULE O. 1962490 2919556 WWB ASSET MANAGEMENT LLC MANAGES PRIVATE EQUITY INVESTMENTS IN HIGH PERFORMING, WOMEN FOCUSED FINANCIAL INSTITUTIONS WORLDWIDE AND WORKS TO ACHIEVE OBJECTIVES OF DEMONSTRATING THE INVESTMENT CASE FOR CONSCIENTIOUS, WOMEN FOCUSED FINANCIAL INSTITUTIONS WHILE ALSO ACHIEVING POSITIVE ECONOMIC RETURNS. 14390907 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 X 36 0 1 101 1 0 1 IN UK SN ID MP 0 0 0 1 1 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X X STEPHANIE WELTY 6469795853 122 EAST 42ND STREET 42ND FL NEW YORK NY 10168 INEKE BUSSEMAKER DIRECTOR 5.00 0.00 X 0 0 0 EMER DOOLEY DIRECTOR 5.00 0.00 X 0 0 0 MARTIN IHRIG DIRECTOR 5.00 0.00 X 0 0 0 MUNA SUKHTIAN DIRECTOR 5.00 0.00 X 0 0 0 JANET TRUNCALE BOARD CHAIR 5.00 0.00 X X 0 0 0 MICHAEL USEEM DIRECTOR 5.00 0.00 X 0 0 0 ANIQA SANDHU BOARD VICE CHAIR 5.00 0.00 X X 0 0 0 RUPAL PATIL DIRECTOR 5.00 0.00 X 0 0 0 SEEMA HINGORANI DIRECTOR (AS OF 6/24/22) 5.00 0.00 X 0 0 0 ZOUERA YOUSSOUFOU DIRECTOR (AS OF 6/24/22) 5.00 0.00 X 0 0 0 CARLOS HORNILLOS-DALISME CFAO AND TREASURER 40.00 0.00 X 237379 0 58958 MARY ELLEN ISKENDERIAN PRESIDENT AND CEO 40.00 0.00 X 488052 0 16875 JOHN JONES COO, EVP AND SECRETARY 40.00 0.00 X 375305 0 60373 CHRISTINA JUHASZ CHIEF INVESTMENT OFFICER, WAM 40.00 0.00 X 218986 0 55878 KALPANA AJAYAN REGIONAL HEAD, SOUTH ASIA 40.00 0.00 X 199796 0 13140 ADE ASHAYE REGIONAL HEAD, AFRICA 40.00 0.00 X 210049 0 21737 TAHARAH ISA GLOBAL HEAD, HUMAN RESOURCES 40.00 0.00 X 222592 0 27837 CHRISTINA MAYNES REGIONAL HEAD,SOUTHEAST ASIA 40.00 0.00 X 214476 0 15582 KAREN MILLER VP, WOMEN'S DIGITAL & FINANCIAL INCLUSION (END 08/ 40.00 0.00 X 259405 0 24515 HARSHA RODRIGUES EVP, HEAD OF CLIENT SERVICES 40.00 0.00 X 268226 0 59006 LESLIE WETZEL CHIEF DEVELOPMENT OFFICER 40.00 0.00 X 302612 0 31351 ANDY WOOLNOUGH GLOBAL HEAD, ADVOCACY 40.00 0.00 X 256875 0 13732 ELISABETH BALLREICH PRINCIPAL INVESTMENT OFFICER, WAM 40.00 0.00 X 171306 0 40206 MARINA DIMOVA DIRECTOR, NETWORK ENAGEMENT AND FINANCIAL INDUSTRY 40.00 0.00 X 188523 0 54847 SONJA KELLY DIRECTOR, RESEARCH AND ADVOCACY 40.00 0.00 X 170689 0 53656 GIL LACSON DIRECTOR, NETWORK ENGAGEMENT 40.00 0.00 X 181215 0 52639 GILLES RENOUIL DIRECTOR, MICROINSURANCE 40.00 0.00 X 193786 0 34848 4159272 0 635180 39 0 1 0 PORTER NOVELLI INC PO BOX 771633 ST LOUIS MO 63177 PUBLIC RELATIONS CONSULTANT 269360 INSTITUTE FOR FINANCIAL MGMT AND RESEARC 196 TTK ROAD ALWARPET CHENNAI IN 600018 RESEARCH CONSULTANT 186367 KPMG LLP DEPT 0522 PO BOX 120522 DALLAS TX 753120522 AUDIT AND TAX SERVICES 107304 BOWERGROUPASIA INC 10533 MAIN STREET FAIRFAX VA 22030 SEA BUSINESS ADVISORY CONSULTANT 103333 4 2522595 5825866 8348461 FEES FOR SERVICE 541900 3038220 3038220 WORKSHOP FEES 900099 112000 112000 MEMBERSHIP DUES 900099 84357 84357 3234577 325177 325177 11195721 11151836 43885 43885 43885 CARRIED INTEREST INCOM 900099 1460653 1460653 OTHER REVENUE 900099 2230 2230 1462883 13414983 3236807 0 1829715 X 359789 359789 3930131 2657957 469691 802483 7090839 5536048 564635 990156 319702 243690 27383 48629 897840 685934 65519 146387 637536 472599 59688 105249 123045 79460 43585 174528 53738 113290 7500 88775 88775 2813809 2693045 38075 82689 164912 138582 7305 19025 494546 348744 52763 93039 567873 503147 14212 50514 131399 123302 2519 5578 95240 67721 9958 17561 79281 55907 8459 14915 LICENSES, DUES, SUBSCRI 490254 371244 35387 83623 INCOME TAXES 40383 40383 18499882 14390907 1641627 2467348 21946476 16132457 7171 337949 410095 280251 223514 341029 377949 487483 1267624 985972 240538 281652 21002843 17055495 1681499 1244741 100476 3277357 45990561 39438414 745110 790108 3551 128070 1851818 4014996 2600479 4933174 X 9998699 9976599 33391383 24528641 43390082 34505240 45990561 39438414 X -5084899 -3725033 -74910 X 0 1 X 1 0 X 14060488 10321069 8214799 20305376 8348461 61250193 14060488 10321069 8214799 20305376 8348461 61250193 25000542 36249651 408732 497264 277018 525753 325177 2033944 36289 479 572 3310 1462883 1503533 64787670 12026743 0.55950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22510119 -3439945 781643 18288531 20698681 2546541 735103 22510119 19326546 2075119 702984 20698681 16827193 3188555 689202 19326546 18342831 -817018 698620 16827193 0.04000 0.96000 0 0 249153 121519 127634 689595 540526 149069 328876 323927 4949 281652 SECURITY DEPOSIT 100476 OPERATING LEASE RIGHT-OF-USE ASSET 3176881 3277357 OPERATING LEASE LIABILITY 3602901 DUE TO MEMBERS OF LLC 412095 4014996 X 9976389 -3725033 393409 -3331624 13308013 88775 18195 106970 13414983 18804516 393409 393409 18411107 88775 88775 18499882 PART X, LINE 2: LIABILITY FOR UNCERTAIN TAX POSITIONS THE ORGANIZATION RECOGNIZES THE EFFECTS OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. THE ORGANIZATION HAS EVALUATED ITS TAX POSITIONS AT DECEMBER 31, 2022, AND HAS DETERMINED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS AND THAT IT WILL CONTINUE TO BE EXEMPT FROM INCOME TAXES. PART XI, LINE 4B - OTHER ADJUSTMENTS: FOREIGN CURRENCY TRANSLATION LOSS 18,195. PART V, LINE 4 - INTENDED USE OF ENDOWMENT FUNDS THE ORGANIZATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR THE CAPITAL FUND THAT ATTEMPTS TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY THE FUND AND TO SUPPORT ORGANIZATIONAL OPERATIONS WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE FUND. THE FUND INCLUDES THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE ORGANIZATION MUST HOLD IN PERPETUITY OR FOR A DONOR-SPECIFIED PERIOD(S). THE ORGANIZATION'S OBJECTIVE IS TO MAINTAIN THE PURCHASING POWER OF THE FUND'S ASSETS HELD IN PERPETUITY OR FOR A SPECIFIED TERM AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN. 1 EAST ASIA AND THE PACIFIC 2 54 PROGRAM SERVICES SEE PART V 1555350 NORTH AMERICA 1 9 PROGRAM SERVICES SEE PART V 106437 SOUTH AMERICA 0 2 PROGRAM SERVICES SEE PART V 70332 SOUTH ASIA 1 54 PROGRAM SERVICES SEE PART V 1903079 SUB-SAHARAN AFRICA 3 33 PROGRAM SERVICES SEE PART V 1193863 EUROPE 2 17 PROGRAM SERVICES SEE PART V 897585 EAST ASIA AND THE PACIFIC 0 6 GRANTMAKING 96138 SOUTH ASIA 0 1 GRANTMAKING 7210 SUB-SAHARAN AFRICA 0 1 GRANTMAKING 19000 EUROPE 0 1 GRANTMAKING 237441 9 176 0 2 9 178 5829994 256441 6086435 EUROPE SUBGRANT FOR "MAKING DATA WORK FOR WOMEN: INNOVATIVE AI" 237441 WIRE TRANSFER 0 FMV SOUTH ASIA SPONSORSHIP FOR INCLUSIVE FINANCE INDIA SUMMIT 2022 7210 WIRE TRANSFER 0 FMV EAST ASIA AND THE PACIFIC SUBGRANT FOR WOMENS DIGITAL FINANCIAL INCLUSION ADVOCACY SUBGRANT FACILITY FOR CSOS" 16911 WIRE TRANSFER 0 FMV SUB-SAHARAN AFRICA SUBGRANT FOR "SAVINGS COHORT-BASED REPLICATION PROJECT 19000 WIRE TRANSFER 0 FMV EAST ASIA AND THE PACIFIC SUBGRANT FOR WOMENS DIGITAL FINANCIAL INCLUSION ADVOCACY SUBGRANT FACILITY FOR CSOS" 20675 WIRE TRANSFER 0 FMV EAST ASIA AND THE PACIFIC SUBGRANT FOR WOMENS DIGITAL FINANCIAL INCLUSION ADVOCACY SUBGRANT FACILITY FOR CSOS" 11035 WIRE TRANSFER 0 FMV EAST ASIA AND THE PACIFIC SUBGRANT FOR WOMENS DIGITAL FINANCIAL INCLUSION ADVOCACY SUBGRANT FACILITY FOR CSOS" 20063 WIRE TRANSFER 0 FMV EAST ASIA AND THE PACIFIC SUBGRANT FOR WOMENS DIGITAL FINANCIAL INCLUSION ADVOCACY SUBGRANT FACILITY FOR CSOS" 19520 WIRE TRANSFER 0 FMV EAST ASIA AND THE PACIFIC SUBGRANT FOR EMPOWERING DOMESTIC WORKERS THROUGH (DIGITAL) FINANCIAL CAPABILITY WITH DANA E-WALLET 7934 WIRE TRANSFER 0 FMV 9 1 0 1 0 0 0 PART I, LINE 2: THE ORGANIZATION'S FINANCE TEAM MONITORS THE USE OF THE GRANT FUNDS TO ENSURE THAT THEY ARE BEING USED FOR THE INTENDED PURPOSES VIA AUDITS/INVESTIGATIONS. THE ORGANIZATION'S DEVELOPMENT AND PROGRAMS TEAM WILL ALSO REVIEW SUPPORTING DOCUMENTATION OF THE GRANT BEFORE FUNDS ARE DISBURSED. SCHEDULE F, PART I, LINE 3, COLUMN E DESCRIPTION OF SERVICE PROGRAM SERVICES PROVIDED IN EACH REGION WERE TO CARRY OUT WWB PROGRAM SERVICE ACCOMPLISHMENTS, AS DESCRIBED IN FORM 990, PART III, LINE 4A. SCHEDULE F, PART I, LINE 3, COLUMN F EXPENDITURES ARE REPORTED ON THE ACCRUAL METHOD. PART III ACCOUNTING METHOD: X X X X X 1 0 0 0 0 0 0 1 0 MARY ELLEN ISKENDERIAN PRESIDENT AND CEO 485478 0 0 0 2574 0 15250 0 1625 0 504927 0 0 0 JOHN JONES COO, EVP AND SECRETARY 363920 0 10800 0 585 0 15250 0 45123 0 435678 0 0 0 LESLIE WETZEL CHIEF DEVELOPMENT OFFICER 292823 0 8892 0 897 0 15260 0 16091 0 333963 0 0 0 HARSHA RODRIGUES EVP, HEAD OF CLIENT SERVICES 259559 0 7770 0 897 0 13738 0 45268 0 327232 0 0 0 CARLOS HORNILLOS-DALISME CFAO AND TREASURER 229461 0 7021 0 897 0 12053 0 46905 0 296337 0 0 0 KAREN MILLER VP, WOMEN'S DIGITAL & FINANCIAL INCL 169521 0 3559 0 86325 0 13012 0 11503 0 283920 0 0 0 CHRISTINA JUHASZ CHIEF INVESTMENT OFFICER, WAM 214486 0 2867 0 1633 0 11097 0 44781 0 274864 0 0 0 ANDY WOOLNOUGH GLOBAL HEAD, ADVOCACY 249537 0 7338 0 0 0 12477 0 1255 0 270607 0 0 0 TAHARAH ISA GLOBAL HEAD, HUMAN RESOURCES 215143 0 6552 0 897 0 11247 0 16590 0 250429 0 0 0 MARINA DIMOVA DIRECTOR, NETWORK ENAGEMENT AND FINA 182381 0 5759 0 383 0 9886 0 44961 0 243370 0 0 0 GIL LACSON DIRECTOR, NETWORK ENGAGEMENT 173312 0 5506 0 2397 0 6617 0 46022 0 233854 0 0 0 ADE ASHAYE REGIONAL HEAD, AFRICA 203917 0 6132 0 0 0 10502 0 11235 0 231786 0 0 0 CHRISTINA MAYNES REGIONAL HEAD,SOUTHEAST ASIA 208200 0 6276 0 0 0 8618 0 6964 0 230058 0 0 0 GILLES RENOUIL DIRECTOR, MICROINSURANCE 190966 0 2820 0 0 0 18417 0 16431 0 228634 0 0 0 SONJA KELLY DIRECTOR, RESEARCH AND ADVOCACY 165140 0 5242 0 307 0 8998 0 44658 0 224345 0 0 0 KALPANA AJAYAN REGIONAL HEAD, SOUTH ASIA 194046 0 5750 0 0 0 11472 0 1668 0 212936 0 0 0 ELISABETH BALLREICH PRINCIPAL INVESTMENT OFFICER, WAM 168532 0 2457 0 317 0 8916 0 31290 0 211512 0 0 0 PART I, LINE 4A SEVERANCE PAYMENTS THE FOLLOWING INDIVIDUAL RECEIVED A SEVERANCE PAYMENT DURING 2022: KAREN MILLER: 85,690 PART I, LINE 7: BONUS PAYMENT THE CEO/PRESIDENT RECEIVED A NON-FIXED BONUS BASED ON PRE-DETERMINED PERFORMANCE OBJECTIVES. UPON THE PRESIDENT SATISFYING THESE OBJECTIVES, THE WWB COMPENSATION COMMITTEE RECOMMENDED A COMPENSATION BONUS. THE BOARD REVIEWED AND APPROVED THE RECOMMEND BONUS. THE COO/EVP/SECRETARY, EVP/HEAD OF CLIENT SERVICES, AND GLOBAL HEAD OF ADVOCACY RECEIVED NON-FIXED BONUSES BASED ON PERFORMANCE THAT WERE AUTHORIZED AND APPROVED BY THE PRESIDENT. THE VP OF WOMEN'S DIGITAL & FINANCIAL INCLUSION RECEIVED A REFERRAL BONUS THAT WAS AUTHORIZED BY HUMAN RESOURCES. DURING 2022, THE CEO/PRESIDENT AUTHORIZED TWO ROUNDS OF INFLATION BONUSES TO STAFF, SUBJECT TO CERTAIN QUALIFICATIONS. QUALIFICATIONS WERE DETERMINED BY THE COO/EVP AND GLOBAL HEAD OF HUMAN RESOURCES. FORM 990, PART I, LINE 1 & PART III, LINE 1 ORGANIZATION'S MISSION: THE MISSION OF THE WOMEN'S WORLD BANKING IS TO EXPAND THE ECONOMIC ASSETS, PARTICIPATION AND POWER OF LOW-INCOME WOMEN AND THEIR HOUSEHOLDS BY HELPING THEM ACCESS FINANCIAL SERVICES, KNOWLEDGE AND MARKETS. OUR VISION IS THAT ONE DAY ALL WOMEN WILL BE ABLE TO BUILD A SECURE FINANCIAL FUTURE FOR THEMSELVES AND THEIR HOUSEHOLDS. WOMEN'S WORLD BANKING DESIGNS AND INVESTS IN THE FINANCIAL SOLUTIONS, INSTITUTIONS, AND POLICY ENVIRONMENTS IN EMERGING MARKETS TO CREATE GREATER ECONOMIC STABILITY AND PROSPERITY FOR WOMEN, THEIR FAMILIES AND THEIR COMMUNITIES. WITH A GLOBAL REACH OF 63 PARTNERS IN 34 COUNTRIES SERVING MORE THAN 159 MILLION WOMEN CLIENTS, WOMEN'S WORLD BANKING DRIVES IMPACT THROUGH ITS SCALABLE, MARKET-DRIVEN SOLUTIONS; GENDER-LENS PRIVATE EQUITY FUND; AND ITS LEADERSHIP AND DIVERSITY PROGRAMS. WOMEN'S WORLD BANKING WORKS WITH FINANCIAL INSTITUTIONS TO: *CREATE INNOVATIVE FINANCIAL PRODUCTS INCLUDING CREDIT, SAVINGS AND INSURANCE AND WORKS WITH PARTNERS TO BRING THESE PRODUCTS TO SCALE. WE DO THIS THROUGH UNDERSTANDING THE FINANCIAL NEEDS OF WOMEN AND THEN CREATING PRODUCTS TO FIT THOSE NEEDS. BY DESIGNING TAILORED PRODUCTS AND USING MARKETING AND DELIVERY TECHNIQUES IN NEW WAYS, WE SEEK TO SERVE MORE WOMEN THAN EVER BEFORE WITH THE FINANCIAL TOOLS AND RESOURCES THEY NEED. *PROVIDE LEADERSHIP & DIVERSITY PROGRAMS IN ORDER TO STRENGTHEN THE GENDER DIVERSITY OF FINANCIAL SERVICE PROVIDERS AND BUILD A PIPELINE OF WOMEN LEADERS; AND *SHARE KNOWLEDGE AND INNOVATION BY PROVIDING NETWORK MEMBERS OPPORTUNITIES TO EXCHANGE BEST PRACTICES WITH OTHER LEADERS. BY INVESTING IN WOMEN WE PRODUCE A MULTIPLIER EFFECT ON THE WELL-BEING OF THEIR HOUSEHOLDS AND COMMUNITIES. FORM 990, PART III, LINE 4A - PROGRAM SERVICE ACCOMPLISHMENTS (CONT'D) (B) DELIVER LEADERSHIP & DIVERSITY PROGRAMS: THE ORGANIZATION DELIVERS A WIDE VARIETY OF GLOBAL, REGIONAL, AND CUSTOMIZED TRAINING PROGRAMS FOR FINANCIAL SERVICE PROVIDERS AND REGULATORY BODIES TO BUILD STRONGER, MORE GENDER DIVERSE TEAMS AND DRIVE INCREASED FOCUS ON SERVING THE WOMEN'S MARKET. (C) ACTION FOR INFLUENCE: THE ORGANIZATION TAKES THE LESSONS LEARNED AND BEST PRACTICES FROM DEVELOPING MARKET DRIVEN FINANCIAL SOLUTIONS, ITS RESEARCH AND LEADERSHIP & DIVERSITY PROGRAMS AND SHARES THIS WORK MORE BROADLY THROUGH TARGETED INFLUENCER OUTREACH, CONFERENCES, SPEAKING ENGAGEMENTS, ROUNDTABLES, PUBLICATIONS, SOCIAL MEDIA, AND PEER LEARNING. THE GOAL FOR SHARING KNOWLEDGE MORE BROADLY IS TO INFLUENCE OTHERS TO INCREASE FOCUS ON WOMEN'S FINANCIAL INCLUSION. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 IS INITIALLY PREPARED BY AN INDEPENDENT ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY THE ORGANIZATION'S FINANCE DEPARTMENT. THE FINANCE DEPARTMENT THEN REVIEWS AND PROVIDES COMMENTS ON THE RETURN AS DRAFTED BY THE ACCOUNTING FIRM. THE ORGANIZATION'S CFO THEN REVIEWS AND APPROVES THE REVISED DRAFT RETURN. THE DRAFT IS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE THEN DISTRIBUTED TO THE FULL BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C PER THE WRITTEN CONFLICT OF INTEREST POLICY, EACH DIRECTOR AND ALL EMPLOYEES AND CONSULTANTS WHEN HIRED ARE ASKED TO COMPLETE AND SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT. ADDITIONAL SUBMISSIONS SHOULD BE MADE THROUGH A SUPERVISOR UPON OCCURRENCE OF ANY NEW ACTIVITY, INTEREST OR RELATIONSHIP, WHICH MAY GIVE RISE TO A CONFLICT OF INTEREST OR THE APPEARANCE OF A CONFLICT OF INTEREST. IT IS NOT THE INTENTION OF THE ORGANIZATION TO REQUIRE ITS EMPLOYEES TO EXERCISE INDEPENDENT JUDGMENT REGARDING A SPECIFIC SITUATION, AND ANY DOUBTS SHOULD ALWAYS BE RESOLVED IN FAVOR OF DISCLOSURE SO THAT AN INFORMED JUDGMENT MAY BE MADE. A CONFLICT OF INTEREST DISCLOSURE STATEMENT IS ALSO FURNISHED ANNUALLY TO EACH DIRECTOR AND STAFF OFFICER CURRENTLY SERVING THIS ORGANIZATION. THIS POLICY IS REVIEWED ANNUALLY FOR THE INFORMATION AND GUIDANCE OF TRUSTEES AND STAFF OFFICERS. ANY NEW DIRECTORS OR STAFF OFFICERS ARE ADVISED OF THE POLICY AND FURNISHED A DISCLOSURE STATEMENT UPON UNDERTAKING THE DUTIES OF OFFICE. UPON OCCURRENCE OF ANY NEW ACTIVITY, INTEREST, OR RELATIONSHIP, WHICH MAY GIVE RISE TO A CONFLICT OF INTEREST OR THE APPEARANCE OF A CONFLICT OF INTEREST, ADDITIONAL SUBMISSIONS SHOULD BE MADE IN WRITING TO A SUPERVISOR, IF THE INTERESTED INDIVIDUAL IS A STAFF MEMBER; TO THE CHAIR, IF THE INTERESTED INDIVIDUAL IS A DIRECTOR; OR TO THE BOARD, IF THE PRESIDENT IS INVOLVED IN THE CONFLICT. WHEN A DIRECTOR IS INVOLVED, THE DESIGNATED REVIEWING OFFICIAL HAS A RESPONSIBILITY TO BRING A POTENTIAL CONFLICT OF INTEREST TO THE ATTENTION OF THE BOARD PROMPTLY FOR ACTION AT THE NEXT REGULAR MEETING OF THE BOARD OR DURING A SPECIAL MEETING CALLED SPECIFICALLY TO REVIEW THE POTENTIAL CONFLICT OF INTEREST. THE AUDIT COMMITTEE HAS BEEN DELIGATED THE ABILITY TO VOTE ON THE BOARD'S BEHALF ON ALL MATTERS RELATED TO CONFLICTS OF INTEREST, EXCEPT WHEN ONE OF THE COMMITTEE MEMBERS IS THEMSELVES CONFLICTED, IN WHICH CASE THE BOARD WILL OVERSEE THE RESOLUTION OF THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION ADHERES TO THE FOLLOWING POLICIES AND PROCEDURES FOR DETERMINING COMPENSATION OF THE CEO: (1) REVIEW AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE OF THE ORGANIZATION; (2) USE OF DATA AS TO COMPARABLE COMPENSATION; AND (3) CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATIONS AND DECISIONS. 1. REVIEW AND APPROVAL. THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS OR COMPENSATION COMMITTEE OF THE ORGANIZATION, PROVIDED THAT PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. 2. USE OF DATA AS TO COMPARABLE COMPENSATION. THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. 3. UPON RECOMMENDATION FROM THE COMPENSATION COMMITTEE, THE BOARD APPROVES THE COMPENSATION AND SAID DECISION IS RECORDED IN THE MINUTES. EXCLUDING THE CEO, THE COMPENSATION FOR THE OTHER OFFICERS OF THE ORGANIZATION ARE REVIEWED ANNUALLY BY THE CEO OR UPON RECEIVING THE DUTIES OF AN OFFICER. THE CEO DETERMINES APPROPRIATE COMPENSATION IN COORDINATION WITH THE HUMAN RESOURCES DIRECTOR AND IN CONJUNCTION WITH THE ANNUAL PERFORMANCE ASSESSMENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PUBLISHES THROUGH ITS WEBSITE, AN ANNUAL REPORT INCLUSIVE OF FINANCIALS ALONG WITH THE FORM 990 AND AUDITED FINANCIAL STATEMENTS. THE FORM 990 IS ALSO AVAILABLE TO THE PUBLIC THROUGH THE GUIDESTAR WEBSITE. FORM 990, PART IX, LINE 11G CONSULTANTS AND OTHER FEES: PROGRAM SERVICE EXPENSES 2,693,045. MANAGEMENT AND GENERAL EXPENSES 38,075. FUNDRAISING EXPENSES 82,689. TOTAL EXPENSES 2,813,809. FORM 990, PART XI, LINE 9: FOREIGN CURRENCY TRANSLATION LOSS -18,195. WWB INVESTMENTS LLC PRIOR YEAR(S) EXPENSES -36,325. UNCOLLECTABLE PRIOR YEAR PLEDGES -20,390. WWB ASSET MANAGEMENT LLC 122 EAST 42ND STREET 42ND FLOOR NEW YORK NY 10168 274512701 INVESTMENT NY 2919556 1488664 WWB INC WWB INVESTMENTS LLC 122 EAST 42ND STREET 42ND FLOOR NEW YORK NY 10168 452838974 INVESTMENT DE WWB INC EXCLUDED -6869 983604 0 1 0.70000 WWB CAPITAL PARTNERS LP 122 EAST 42ND STREET 42ND FLOOR NEW YORK NY 10168 452840909 INVESTMENT DE WWB INVESTMENTS LLC EXCLUDED 5287 213394 0 0 0.00980 WWB CAPITAL PARTNERS II LP C/O AXIS FIDUCIARY LTD 2ND FLOOR EBENE MP 72201 981597870 INVESTMENT MP WWB INVESTMENTS II LLC EXCLUDED -13061 973917 0 0 0.01460 WWB INVESTMENTS II LLC C/O AXIS FIDUCIARY LTD 2ND FLOOR EBENE MP 72201 320583462 INVESTMENT MP WWB INC C 450 1.00000 1 WWB MANAGEMENT SERVICES LLP J-6 RESERVE BANK ENCLAVE PASCHIM NEW DELHI DELHI IN 110063 INDIA OPERATIONS IN WWB INC C 1600922 162122 0.99980 1 WWB SOUTHEAST ASIA HOLDINGS PTE LTD 135 CECIL STREET 10-01 PHILIPPINE SINGAPORE SN 069536 SINGAPORE OPERATIONS SN WWB INC C 344315 95870 1.00000 1 PT WWB SERVICES INDONESIA REGUS WTC 5 BUILDING LEVEL 3A - JAL JAKARTA SELATAN ID INDONESIA OPERATIONS ID WWB INC C 406933 736818 0.99900 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 WWB MANAGEMENT SERVICES LLP L 1600922 FMV WWB SOUTHEAST ASIA HOLDINGS PTE LTD L 344315 FMV PT WWB SERVICES INDONESIA L 406933 FMV WWB CAPITAL PARTNERS LP S 1460653 FMV