2016-05-14T13:26:37-05:00 2015-06-30 911194016 CLARK NUBER PS 10900 NE 4TH STREET SUITE 1700 BELLEVUE WA 98004 990 2014-07-01 820574491 GLOBAL PARTNERSHIPS GLOB 2066528773 1932 FIRST AVENUE NO 400 SEATTLE WA 98101 MIKE GALGON TREASURER 2066528773 2016-05-12 1 JANE M SEARING P00000565 4254544919 2016-05-12 2014 2016-08-17 19:52:53Z RICK BECKETT 1932 FIRST AVENUE NO 400 SEATTLE WA 98101 7852387 0 X WWW.GLOBALPARTNERSHIPS.ORG X EXEMPT ORGANIZATION 2002 WA GLOBAL PARTNERSHIPS (GP) IS A NONPROFIT IMPACT INVESTOR WHOSE MISSION IS TO EXPAND OPPORTUNITY FOR PEOPLE LIVING IN POVERTY. GP PIONEERS AND INVESTS IN MARKET-BASED, SUSTAINABLE SOLUTIONS THAT HELP IMPOVERISHED PEOPLE EARN A LIVING AND IMPROVE THEIR LIVES. GP PROVIDES GRANT CAPITAL TO FINANCE PROMISING, EARLY STAGE OPPORTUNITIES AND LOAN CAPITAL TO SUSTAIN AND EXPAND ALREADY-PROVEN SOLUTIONS BY INVESTING IN INNOVATIVE MISSION-DRIVEN PARTNERS. 17 9 26 49 0 0 1806866 2993922 4682448 4719720 2962 3889 -57840 -64862 6434436 7652669 134630 235811 0 0 2325199 2540914 0 0 877946 3529465 3032241 5989294 5808966 445142 1843703 74516147 71333560 66746175 61492237 7769972 9841323 X THE MISSION OF GLOBAL PARTNERSHIPS (GP) IS TO EXPAND OPPORTUNITY FOR PEOPLE LIVING IN POVERTY. WE EMPOWER POOR FAMILIES IN LATIN AMERICA, THE CARIBBEAN, AND BEYOND TO IMPROVE THEIR OWN LIVES, SUPPORT MARKET BASED SOLUTIONS TO POVERTY AND CREATE MEANINGFUL OPPORTUNITIES FOR GENERATIONS TO COME. 0 0 4721247 235811 4719720 DURING FISCAL YEAR 2015, GLOBAL PARTNERSHIPS HAD MORE THAN $60.4 MILLION INVESTED IN 49 PARTNER ORGANIZATIONS IN 12 COUNTRIES IN LATIN AMERICA AND THE CARIBBEAN. WITH THESE MISSION-ALIGNED PARTNERS, GP SUPPORTS PROGRAMS THAT DELIVER HIGH SOCIAL IMPACT IN THE AREAS OF HEALTH SERVICES, MICRO-ENTREPRENEURSHIP EDUCATION, RURAL LIVELIHOODS AND GREEN TECHNOLOGY. 4721247 1 1 0 1 0 0 0 0 0 0 1 0 1 0 1 0 1 0 0 1 1 1 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 77 0 1 26 1 0 1 NU 0 0 0 1 1 0 0 0 0 X 17 9 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 WA X X X MARGARET PHILIP 2066528773 1932 FIRST AVENUE SUITE 400 SEATTLE WA 98101 WILLIAM H CLAPP BOARD DIRECTOR 1.00 X 0 0 0 PAULA CLAPP BOARD DIRECTOR 1.00 X 0 0 0 DEAN C ALLEN BOARD DIRECTOR 1.00 X 0 0 0 STEVE DAVIS VICE PRESIDENT 1.00 X X 0 0 0 KURT DELBENE BOARD DIRECTOR 1.00 X 0 0 0 WALTER EUYANG BOARD DIRECTOR 1.00 X 0 0 0 CURTIS FRASER BOARD DIRECTOR 1.00 X 0 0 0 MIKE GALGON TREASURER 1.00 X X 0 0 0 ENRIQUE GODREAU III BOARD DIRECTOR 1.00 X 0 0 0 BERT GREEN MD BOARD DIRECTOR 1.00 X 0 0 0 GREGG JOHNSON SECRETARY 1.00 X X 0 0 0 TESSA KEATING BOARD DIRECTOR 1.00 X 0 0 0 MATTHEW MCBRADY BOARD DIRECTOR 1.00 X 0 0 0 CARLA LEWIS BOARD DIRECTOR 1.00 X 0 0 0 JANE STONECIPHER BOARD DIRECTOR 1.00 X 0 0 0 MAGGIE WALKER PRESIDENT & CHAIR 1.00 X X 0 0 0 H STEWART PARKER BOARD DIRECTOR 1.00 X 0 0 0 RICK BECKETT CEO & PRESIDENT 40.00 X 250966 0 72374 MARK COFFEY CHIEF INVESTMENT & OPERATING OFFICER 40.00 X 181851 0 25652 MARGARET PHILIP VP FINANCE & ADMINISTRATION 40.00 X 109686 0 14331 PETER BLADIN CHIEF IMPACT & RESEARCH OFFICER 40.00 X 142052 0 22369 MY LE GOEL VP MARKETING & COMMUNICATIONS 40.00 X 101530 0 12971 786085 0 147697 5 0 1 0 0 133270 460613 2400039 101451 2993922 SOCIAL INV LOANS INT 523999 4451512 4451512 LOAN COMMITMENT FEES 523999 190959 190959 PROGRAM EXP REIMB 900099 53032 53032 IMPACT JOURNEY FEES 900099 24217 24217 4719720 4735 4735 100605 101451 -846 -846 -846 33405 460613 98267 -64862 -64862 7652669 4719720 0 -60973 235811 235811 684956 477034 98603 109319 1369308 861737 32535 475036 73993 45731 958 27304 260787 194050 3302 63435 151870 104228 5741 41901 82049 80672 641 736 50034 26767 23267 274087 267346 1559 5182 34219 6717 33 27469 67876 37631 1762 28483 174874 127100 6984 40790 178162 147233 32 30897 2152536 2152536 25994 17846 1159 6989 39529 24115 15414 LOAN FEES 74000 74000 BANK CHARGES 23874 14632 6211 3031 SOCIAL INV LOSS ALLOW -198771 -198771 53778 24832 11572 17374 5808966 4721247 209773 877946 16323 28115 10411725 8343207 232175 1656760 8594 16181 260989 193016 80843 67973 63151247 58178206 615240 3043118 74516147 71333560 528739 685673 2728330 1300000 63070806 59418500 418300 88064 66746175 61492237 X 6508169 7600158 1261803 2241165 7769972 9841323 74516147 71333560 1843703 227648 0 X 0 1 X 1 0 X 1565143 3265785 1920197 1806866 2993922 11551913 1565143 3265785 1920197 1806866 2993922 11551913 2320621 9231292 25268 17297 7260 2670 4735 57230 659 3098 3757 11612900 18962822 0.79490 0.85070 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: REIMBURSED EXPENSES - 2010 AMOUNT: $ 659. 2011 AMOUNT: $ 3,098. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5029287 5029287 401464 100366 0 0 454923 401464 856387 1284581 113731 100366 214097 321146 31313 14776 16537 117363 78662 38701 112313 99578 12735 67973 PRI HONDURAS, LOAN INVESTMENT 487597 F PRI GUATEMALA, LOAN INVESTMENT 3203601 F PRI EL SALVADOR, LOAN INVESTMENT 3185000 F PRI NICARAGUA, LOAN INVESTMENT 7870426 F PRI PERU, LOAN INVESTMENT 9207202 F PRI BOLIVIA, LOAN INVESTMENT 13413068 F PRI ECUADOR, LOAN INVESTMENT 10445500 F PRI MEXICO, LOAN INVESTMENT 4902241 F PRI COLOMBIA, LOAN INVESTMENT 972057 F PRI HAITI, LOAN INVESTMENT 123750 F MFX SOLUTIONS, EQUITY INVESTMENT 250000 C PRI PARAGUAY, LOAN INVESTMENT 3424014 F PRI LATIN AMERICA COUNTRIES, LOAN INVESTMENT 693750 F 58178206 DEFERRED RENT LIABILITY 88064 88064 8532748 227648 554164 781812 7750936 -98267 -98267 7652669 6461397 554164 98267 652431 5808966 0 5808966 PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -98,267. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 98,267. 1 CENTRAL AMERICA AND THE CARIBBEAN 1 8 PGM SERVICES & SOCIAL INVESTMENTS MANAGEMENT OF PROGRAMS & SOCIAL INVESTMENTS 436933 SOUTH AMERICA 0 0 PGM SERVICES & SOCIAL INVESTMENTS MANAGEMENT OF PROGRAMS & SOCIAL INVESTMENTS 382710 NORTH AMERICA 0 0 PGM SERVICES & SOCIAL INVESTMENTS MANAGEMENT OF PROGRAMS & SOCIAL INVESTMENTS 55711 CENTRAL AMERICA AND THE CARIBBEAN 0 0 SOCIAL INVESTMENT LOAN 15452180 SOUTH AMERICA 0 0 SOCIAL INVESTMENT LOAN 39103113 NORTH AMERICA 0 0 SOCIAL INVESTMENT LOAN 5791661 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM GRANTS MADE IN FYE 2015 235811 SUB-SAHARAN AFRICA 0 0 PGM SERVICES & SOCIAL INVESTMENTS PROGRAM MANAGEMENT. 14019 1 8 0 0 1 8 61472138 0 61472138 CENTRAL AMERICA AND THE CARIBBEAN HEALTH SERVICES CAPACITY BUILDING TO BENEFIT PEOPLE LIVING IN POVERTY. 106740 WIRES CENTRAL AMERICA AND THE CARIBBEAN HEALTH SERVICES CAPACITY BUILDING TO BENEFIT PEOPLE LIVING IN POVERTY. 48197 WIRES CENTRAL AMERICA AND THE CARIBBEAN HEALTH SERVICES CAPACITY BUILDING TO BENEFIT PEOPLE LIVING IN POVERTY. 80874 WIRES 3 0 0 0 0 0 0 0 PART I, LINE 2: GP STAFF MONITOR GRANTS DISBURSED TO LOCAL IMPLEMENTING PARTNERS BOTH VIA ON-SITE MONITORING VISITS AND THROUGH QUARTERLY FINANCIAL AND PROGRAM REPORTS RECEIVED FROM EACH ENTITY. LUNCHEON 494018 460613 33405 22460 31627 44180 494018 460613 33405 22460 31627 44180 98267 -64862 X 1 1 X X X X 0 0 0 0 0 0 0 0 0 RICK BECKETT CEO & PRESIDENT 242306 0 0 0 8660 0 50000 0 22374 0 323340 0 0 0 MARK COFFEY CHIEF INVESTMENT & OPERATING OFFICER 181851 0 0 0 0 0 11535 0 14117 0 207503 0 0 0 PETER BLADIN CHIEF IMPACT & RESEARCH OFFICER 142052 0 0 0 0 0 9059 0 13310 0 164421 0 0 0 PART I, LINE 1A ADDITONAL INCOME IS ADDED TO THE CEO'S COMPENSATION TO MATCH AND OFFSET THE EMPLOYEE PORTION OF THE HEALTH PREMIUMS. THIS INCOME IS TREATED AS TAXABLE COMPENSATION. STEVE DAVIS BOARD MEMBER GP SOCIAL INVESTMENT LOAN X 200000 100000 0 1 1 KURT DELBENE BOARD MEMBER GP SOCIAL INVESTMENT LOAN X 500000 500000 0 1 1 DEAN ALLEN BOARD MEMBER GP SOCIAL INVESTMENT LOAN X 200000 200000 0 1 1 JANE STONECIPHER BOARD MEMBER GP SOCIAL INVESTMENT LOAN X 100000 100000 0 1 1 TESSA KEATING BOARD MEMBER GP SOCIAL INVESTMENT LOAN X 50000 50000 0 1 1 WILLIAM AND PAULA CLAPP BOARD MEMBERS GP SOCIAL INVESTMENT LOAN X 100000 100000 0 1 1 CARLA LEWIS BOARD MEMBER GP SOCIAL INVESTMENT LOAN X 250000 250000 0 1 1 1300000 X 10 101451 COST OR SELLING PRICE 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 RELIED ON VOLUNTEER HOURS FROM 49 INDIVIDUALS IN FISCAL YEAR 2015. 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. BEYOND THE LEADERSHIP OF THE ORGANIZATION, THERE WERE MANY VOLUNTEERS WHO ASSISTED US WITH THE PREPARATION FOR AND EXECUTION OF OUR ANNUAL OCTOBER HOPE LUNCHEON AS WELL AS OTHER FUNDRAISING AND INFORMATIONAL EVENTS. WE ALSO RECEIVED VOLUNTEER ASSISTANCE THROUGHOUT THE YEAR WITH GENERAL OFFICE SUPPORT AND SPECIAL RESEARCH PROJECTS. IN ADDITION TO THE VOLUNTEERS, GLOBAL PARTNERSHIPS RECEIVED SIGNIFICANT PRO BONO SUPPORT FROM SEVEN LAW FIRMS IN FISCAL YEAR 2015. THESE SEVEN FIRMS PROVIDED A TOTAL OF NEARLY 800 HOURS OF PRO BONO LEGAL SERVICES THAT WERE ESSENTIAL TO GLOBAL PARTNERSHIPS' ABILITY TO EXECUTE ITS WORK THROUGHOUT LATIN AMERICA AND THE CARIBBEAN. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE MAY ACT ON BEHALF OF THE BOARD OF DIRECTORS BETWEEN REGULARLY SCHEDULED MEETINGS AND ARE RESPONSIBLE FOR ALL MATTERS NOT ASSIGNED TO A SPECIFIC BOARD COMMITTEE. THE MEMBERS OF THE EXECUTIVE COMMITTEE INCLUDE THE BOARD CHAIR AND THE CHAIRPERSONS OF EACH OF THE BOARD COMMITTEES. ALL OF THE MEMBERS OF THE EXECUTIVE COMMITTEE ARE VOTING MEMBERS OF THE GP BOARD. FORM 990, PART VI, SECTION A, LINE 2 WILLIAM H. CLAPP AND PAULA CLAPP HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE CIOO AND VICE PRESIDENT OF FINANCE 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 EXECUTIVE COMMITTEE, A SUB COMMITTEE OF THE BOARD OF DIRECTORS, FOR REVIEW AND APPROVAL. 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 CEO AND VICE PRESIDENT OF FINANCE. 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 15 EACH YEAR THE ANNUAL LABOR BUDGET IS APPROVED IN ADVANCE BY THE EXECUTIVE COMMITTEE, A SUB COMMITTEE OF THE BOARD OF DIRECTORS. THIS EXECUTIVE COMMITTEE ALSO REVIEWED THE CEO AND CIOO 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 WAS DECEMBER 2015. FORM 990, PART VI, SECTION C, LINE 19 THE ANNUAL REPORT, AUDITED FINANCIALS AND THE FORM 990 ARE POSTED ON THE ORGANIZATION'S WEBSITE. SCHEDULE L PART II: THE FOLLOWING LOANS WITH BOARD MEMBERS ARE EXCLUDED FROM SCHEDULE L PART II BECAUSE THEY WERE MADE VIA NON-PROFIT ORGANIZATIONS. SCHEDULE L INSTRUCTIONS REQUIRE THAT THESE TYPE OF LOANS BE EXCLUDED. THE GLOBAL PARTNERSHIPS AUDIT REPORT HOWEVER, INCLUDES THESE LOANS WITH ITS RELATED PARTY TRANSACTION DISCLOSURES. ROOTS AND WINGS, NON-PROFIT OF MIKE GALGON, TREASURER - $350,000 SEATTLE INTERNATIONAL FOUNDATION, NON-PROFIT OF WILLIAM AND PAULA CLAPP, BOARD MEMBERS - $700,000 GP FUND MANAGEMENT LLC 1932 FIRST AVENUE SUITE 400 SEATTLE WA 98101 203550156 FUND MANAGEMENT DE 1069106 7175 GLOBAL PARTNERSHIPS GLOBAL PARTNERSHIPS MICROFINANCE FUND 2006 LLC 1932 FIRST AVENUE SUITE 400 SEATTLE WA 98101 208219947 FUND & MANAGE SOCIAL INVESTMENT LOANS DE 0 0 GLOBAL PARTNERSHIPS GLOBAL PARTNERSHIPS MICROFINANCE FUND 2008 LLC 1932 FIRST AVENUE SUITE 400 SEATTLE WA 98101 263382695 FUND & MANAGE SOCIAL INVESTMENT LOANS DE 487317 0 GLOBAL PARTNERSHIPS GLOBAL PARTNERSHIPS SOCIAL INVESTMENT FUND 2010 LLC 1932 FIRST AVENUE SUITE 400 SEATTLE WA 98101 320308627 FUND & MANAGE SOCIAL INVESTMENT LOANS DE 1865436 25977176 GLOBAL PARTNERSHIPS GLOBAL PARTNERSHIPS SOCIAL INVESTMENT FUND 50 LLC 1932 FIRST AVENUE SUITE 400 SEATTLE WA 98101 383889550 FUND & MANAGE SOCIAL INVESTMENT LOANS DE 2282494 37185787 GLOBAL PARTNERSHIPS