2021-05-12T13:22:50-05:00 2020-06-30 911194016 CLARK NUBER PS 10900 NE 4TH STREET SUITE 1400 BELLEVUE WA 98004 990 2019-07-01 820574491 GLOBAL PARTNERSHIPS GLOB 2066528773 1932 FIRST AVENUE NO 400 SEATTLE WA 98101 MIKE GALGON TREASURER 2066528773 2021-05-12 1 JENNIFER BECKER HARRIS P00183358 4254544919 2020-05-06 2019 2022-09-23 18:48:47Z RICK BECKETT 1932 FIRST AVENUE NO 400 SEATTLE WA 98101 12185892 0 X WWW.GLOBALPARTNERSHIPS.ORG X EXEMPT ORGANIZATION 2002 WA GLOBAL PARTNERSHIPS' MISSION IS TO EXPAND OPPORTUNITY FOR PEOPLE LIVING IN POVERTY. 19 10 25 23 0 0 5268666 3260903 7505636 8304888 329680 307888 -1500 1388 13102482 11875067 0 0 0 0 3660996 3890461 0 0 369869 6576212 6638973 10237208 10529434 2865274 1345633 134276395 152126195 117511426 133747148 16764969 18379047 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 9635986 0 8304888 AS OF JUNE 30, 2020, GLOBAL PARTNERSHIPS (GP) HAD MORE THAN $124 MILLION INVESTED IN 91 MICROFINANCE INSTITUTIONS, SOCIAL BUSINESSES AND COOPERATIVES IN 23 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 16 DISTINCT INITIATIVES THAT ADDRESS FACETS OF POVERTY ACROSS LIVELIHOODS, EDUCATION, ENERGY, HEALTH, HOUSING, AND SANITATION. THE VAST MAJORITY (MORE THAN 85%) OF THE FUNDS INVESTED BY GLOBAL PARTNERSHIPS ARE INVESTED WITH MICRO-FINANCE INSTITUTIONS. 9635986 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 0 0 0 1 78 0 25 1 0 1 NU KE CO 0 0 0 0 0 0 0 0 0 0 X 19 10 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 1932 FIRST AVENUE SUITE 400 SEATTLE WA 98101 RICK BECKETT CEO 40.00 0.00 X 358107 0 77916 MARK COFFEY PRESIDENT & CIO 40.00 0.00 X 230036 0 29587 MEGAN MUIR COO & GENERAL COUNSEL 40.00 0.00 X 172785 0 27009 JIM VILLENUEVA MANAGING DIRECTOR 40.00 0.00 X 161898 0 23641 RICARDO VISBAL VP, LATIN AMERICA PORTFOLIO 40.00 0.00 X 119053 0 54858 TARA MURPHY FORDE MANAGING DIRECTOR 40.00 0.00 X 136355 0 27050 NATHALIA RODRIGUEZ SENIOR VICE PRESIDENT 40.00 0.00 X 136699 0 22723 MICHAEL MCGINN VP FINANCE & ADMINISTRATION 40.00 0.00 X 131292 0 20580 MICHAEL T GALGON PRESIDENT AND BOARD CO-CHAIR 1.00 0.00 X X 0 0 0 MAGGIE WALKER BOARD CO-CHAIR 1.00 0.00 X X 0 0 0 GREGG JOHNSON SECRETARY 1.00 0.00 X X 0 0 0 KURT DELBENE TREASURER 1.00 0.00 X X 0 0 0 BERT GREEN BOARD DIRECTOR 1.00 0.00 X 0 0 0 BILL RICHTER BOARD DIRECTOR 1.00 0.00 X 0 0 0 CARLA E LEWIS BOARD DIRECTOR 1.00 0.00 X 0 0 0 CURT B FRASER BOARD DIRECTOR 1.00 0.00 X 0 0 0 ED LAZAR BOARD DIRECTOR 1.00 0.00 X 0 0 0 ENRIQUE GODREAU 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 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 WILLIAM H CLAPP BOARD DIRECTOR 1.00 0.00 X 0 0 0 TIM PORTER BOARD DIRECTOR 1.00 0.00 X 0 0 0 PETER BLADIN BOARD DIRECTOR 1.00 0.00 X 0 0 0 TESSA KEATING BOARD DIRECTOR 1.00 0.00 X 0 0 0 1446225 0 283364 11 0 1 0 0 3260903 382401 3260903 SOCIAL INV LOANS INT 523999 7880960 7880960 LOAN COMMITMENT FEES 523999 423928 423928 8304888 309011 309011 309702 310825 -1123 -1123 -1123 FOREIGN EXCHANGE GAIN 900099 1388 1388 1388 11875067 8304888 0 309276 928167 669669 169879 88619 2278533 1957372 157335 163826 133213 114362 9324 9527 374402 296036 39486 38880 176146 140990 19476 15680 104691 97774 6917 82399 45031 37368 167538 163556 3974 8 52171 46231 5940 32974 26379 3286 3309 147617 123891 11755 11971 198270 155788 20111 22371 204121 198689 2685 2747 17553 15949 781 823 3557825 3557825 18632 15949 1205 1478 68019 34897 32664 458 SOCIAL INV LOSS ALLOW 1685000 1685000 LOAN FEES 150000 150000 BANK CHARGES 35452 26226 5894 3332 UBI TAX 9149 7878 569 702 107562 106494 870 198 10529434 9635986 523579 369869 85214 36235 18487256 22472732 920776 1231690 1439 0 30357 61868 343236 294521 41243 48715 112402221 122547072 2307889 5727883 134276395 152126195 1068464 1046464 1796000 2507000 111439000 127364000 3207962 2829684 117511426 133747148 X 15565572 16696095 1199397 1682952 16764969 18379047 134276395 152126195 1345633 268445 0 X 0 1 X 1 0 X 7849208 1526651 1486508 5268666 3260903 19391936 7849208 1526651 1486508 5268666 3260903 19391936 8749894 10642042 24292 110444 178203 332705 320255 965899 98151 -1500 1388 98039 20455874 33513439 0.52020 0.55440 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10754975 10754975 687749 171937 0 0 576318 595506 661860 687749 2521433 3782150 144080 148877 165465 171937 630359 945539 101945 100000 9094 6860 204179 100000 1945 101945 0.00000 0.98000 0.02000 0 0 31313 30533 780 199610 151675 47935 112313 112313 0 48715 SOCIAL LOAN INVESTMENT 115110799 F MFX SOLUTIONS, EQUITY INVESTMENT 412836 C SOCIAL INVESTMENTS IN EQUITY SECURITIES 3081240 C CALVERT SOCIAL INVESTMENT NOTES 2412120 F MICROVEST SHORT DURATION FUND 1035657 F VFTAX ENDOWMENT 204179 F GLOBAL PARTNERSHIPS COLOMBIA SAS 290241 C 122547072 DERIVATIVE INSTRUMENTS LIABILITY 275808 DEFERRED RENT LIABILITY 15068 RECOVERABLE GRANT LIABILITY 332067 INTEREST PAYABLE 2206741 2829684 12169968 268445 26456 294901 11875067 0 11875067 10781431 26456 225541 251997 10529434 0 10529434 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: EXPENSE OF FOREIGN SUBSIDIARY (GP COLOMBIA SAS) 225,541. 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 5(C): CALVERT SOCIAL INVESTMENT NOTES ARE HELD AT COST PLUS ACCRUED INTEREST. LINE 7(C): VFTAX ENDOWMENT INVESTMENT IS HELD AT FAIR VALUE (END OF YEAR MARKET VALUE) LESS WITHDRAWALS. CENTRAL AMERICA AND THE CARIBBEAN 1 4 PROGRAM SERVICES & SOCIAL INVESTMENTS MANAGEMENT OF PROGRAMS & SOCIAL INVESTMENTS 782000 SOUTH AMERICA 1 7 PROGRAM SERVICES & SOCIAL INVESTMENTS MANAGEMENT OF PROGRAMS & SOCIAL INVESTMENTS 965000 NORTH AMERICA 0 0 PROGRAM SERVICES & SOCIAL INVESTMENTS MANAGEMENT OF PROGRAMS & SOCIAL INVESTMENTS 133000 SUB-SAHARAN AFRICA 1 6 PROGRAM SERVICES & SOCIAL INVESTMENTS MANAGEMENT OF PROGRAMS & SOCIAL INVESTMENTS 1034000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 SOCIAL INVESTMENTS 45221000 SOUTH AMERICA 0 0 SOCIAL INVESTMENTS 39930000 NORTH AMERICA 0 0 SOCIAL INVESTMENTS 13960000 SUB-SAHARAN AFRICA 0 0 SOCIAL INVESTMENTS 25812000 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES & SOCIAL INVESTMENTS MANAGEMENT OF PROGRAMS & SOCIAL INVESTMENTS 707000 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES & SOCIAL INVESTMENTS MANAGEMENT OF PROGRAMS & SOCIAL INVESTMENTS 77000 3 17 0 0 3 17 127837000 784000 128621000 1 0 1 0 0 0 PART I, LINE 3: ACCRUAL METHOD OF ACCOUNTING HAS BEEN USED TO ACCOUNT FOR ABOVE 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 348701 0 7600 0 1806 0 62000 0 15916 0 436023 0 0 0 MARK COFFEY PRESIDENT & CIO 228230 0 0 0 1806 0 13694 0 15893 0 259623 0 0 0 MEGAN MUIR COO & GENERAL COUNSEL 171985 0 0 0 800 0 10710 0 16299 0 199794 0 0 0 JIM VILLENUEVA MANAGING DIRECTOR 160469 0 0 0 1429 0 10110 0 13531 0 185539 0 0 0 RICARDO VISBAL VP, LATIN AMERICA PORTFOLIO 119053 0 0 0 0 0 48750 0 6108 0 173911 0 0 0 TARA MURPHY FORDE MANAGING DIRECTOR 136161 0 0 0 194 0 8925 0 18125 0 163405 0 0 0 NATHALIA RODRIGUEZ SENIOR VICE PRESIDENT 136505 0 0 0 194 0 8490 0 14233 0 159422 0 0 0 MICHAEL MCGINN VP FINANCE & ADMINISTRATION 131063 0 0 0 229 0 7875 0 12705 0 151872 0 0 0 BILL RICHTER BOARD MEMBER GP SOCIAL INVESTMENT LOAN X 200000 200000 0 1 1 CARLA E LEWIS BOARD MEMBER GP SOCIAL INVESTMENT LOAN X 250000 250000 0 1 1 JANE STONECIPHER BOARD MEMBER GP SOCIAL INVESTMENT LOAN X 150000 150000 0 1 1 KURT DELBENE BOARD MEMBER GP SOCIAL INVESTMENT LOAN X 611000 611000 0 1 1 MAGGIE WALKER BOARD MEMBER GP SOCIAL INVESTMENT LOAN X 250000 250000 0 1 1 H STEWART PARKER BOARD MEMBER GP SOCIAL INVESTMENT LOAN X 51000 51000 0 1 1 TESSA KEATING BOARD MEMBER GP SOCIAL INVESTMENT LOAN X 50000 50000 0 1 1 WILLIAM H CLAPP BOARD MEMBER GP SOCIAL INVESTMENT LOAN X 100000 100000 0 1 1 DONNA LOU BOARD MEMBER'S SPOUSE GP SOCIAL INVESTMENT LOAN X 495000 495000 0 1 1 SUBSTANTIAL CONTRIBUTOR SUBSTANTIAL CONTRIBUTOR GP SOCIAL INVESTMENT LOAN X 350000 350000 0 1 1 2507000 X 4 382401 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 23 INDIVIDUALS IN FISCAL YEAR 2020. 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 TWO LAW FIRMS TOTALING OVER 40 HOURS OF LEGAL SERVICES IN FISCAL YEAR 2020. THESE SERVICES ARE ESSENTIAL TO GP'S ABILITY TO EXECUTE ITS INTERNATIONAL PROGRAM WORK. FORM 990, PART VI, SECTION A, LINE 1 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 PRESIDENT, 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 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 OFFICER COMPENSATION ANNUALLY. THE DATE OF THE LAST COMPENSATION REVIEW FOR THE CEO WAS DECEMBER 2018. 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. GP FUND MANAGEMENT LLC 1932 FIRST AVENUE SUITE 400 SEATTLE WA 98101 203550156 FUND MANAGEMENT DE 2242840 839 GLOBAL PARTNERSHIPS GLOBAL PARTNERSHIPS SOCIAL INVESTMENT FUND 60 LLC 1932 FIRST AVENUE SUITE 400 SEATTLE WA 98101 383978375 FUND & MANAGE SOCIAL INVESTMENT LOANS DE 4260214 65049877 GLOBAL PARTNERSHIPS GLOBAL PARTNERSHIPS SOCIAL INVESTMENT FUND 50 LLC 1932 FIRST AVENUE SUITE 400 SEATTLE WA 98101 383889550 FUND & MANAGE SOCIAL INVESTMENT LOANS DE 3558939 49868951 GLOBAL PARTNERSHIPS GLOBAL PARTNERSHIPS ELEOS SOCIAL VENTURE FUND LLC 1932 FIRST AVENUE SUITE 400 SEATTLE WA 98101 384002682 FUND & MANAGE SOCIAL INVESTMENTS & EQUITY INVESTMENTS DE 2168 3791278 GLOBAL PARTNERSHIPS GLOBAL PARTNERSHIPS IMPACT-FIRST DEVELOPMENT FUND LLC 1932 FIRST AVENUE SUITE 400 SEATTLE WA 98101 320584432 FUND & MANAGE SOCIAL INVESTMENT LOANS DE 603507 18753959 GLOBAL PARTNERSHIPS GLOBAL PARTNERSHIPS COLOMBIA SAS WEWORK CARRERA 11B 99 - 25 11-122 BOGOTA CUNDINAMARCA CO 999999999 NONPROFIT IMPACT INVESTING CO GLOBAL PARTNERSHIPS C 92706 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 GLOBAL PARTNERSHIPS COLOMBIA SAS B 305000 CASH