2015-05-01T12:54:30-05:00 2014-06-30 911194016 CLARK NUBER PS 10900 NE 4TH STREET SUITE 1700 BELLEVUE WA 98004 990 2013-07-01 820574491 GLOBAL PARTNERSHIPS GLOB 2066528773 1932 FIRST AVENUE NO 400 SEATTLE WA 98101 MIKE GALGON TREASURER 2066528773 2015-04-20 1 JANE M SEARING P00000565 4254544919 2015-04-20 2013 2016-02-25 16:41:14Z RICK BECKETT 1932 FIRST AVENUE NO 400 SEATTLE WA 98101 6630267 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. 13 7 26 71 0 0 1920197 1806866 3718386 4682448 6738 2962 -63779 -57840 5581542 6434436 457679 134630 0 0 2364209 2325199 0 0 671420 2796641 3529465 5618529 5989294 -36987 445142 65600783 74516147 57948486 66746175 7652297 7769972 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 5073083 134630 4682448 DURING FISCAL YEAR 2014, GLOBAL PARTNERSHIPS MADE 60 NEW IMPACT INVESTMENTS (LOANS AND GRANTS) TOTALING $34.5 MILLION. WE ENGAGED WITH 46 ACTIVE SOCIAL ENTERPRISE PARTNERS DURING THE YEAR IN 11 COUNTRIES IN LATIN AMERICA AND THE CARIBBEAN. OUR EFFORTS ARE FOCUSED AROUND FOUR IMPACT AREAS: RURAL LIVELIHOODS, MICROENTREPRENEURSHIP, HEALTH SERVICES AND GREEN TECHNOLOGY. ACROSS THESE IMPACT AREAS, WOMEN CURRENTLY COMPRISE A MAJORITY (77%) OF THE PEOPLE OUR PARTNERS SERVE, WITH 46% OF OUR PARTNERS' TOTAL CLIENTS LIVING IN RURAL AREAS. THROUGH OUR IMPACT-LED INVESTMENT FUNDS, CATALYZED BY OUR DONOR PHILANTHROPY, WE CONTINUE TO BRING INNOVATIVE MARKET-BASED SOLUTIONS TO FAMILIES THAT NEED IT MOST. 5073083 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 61 0 1 26 1 0 1 NU 0 0 0 1 1 0 0 0 0 X 13 7 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 0.00 X 0 0 0 PAULA CLAPP BOARD DIRECTOR 1.00 0.00 X 0 0 0 DEAN C ALLEN PRESIDENT & CHAIR (THRU 12/13) 1.00 0.00 X X 0 0 0 STEVE DAVIS VICE PRESIDENT 1.00 0.00 X X 0 0 0 KURT DELBENE BOARD DIRECTOR 1.00 0.00 X 0 0 0 WALTER EUYANG BOARD DIRECTOR 1.00 0.00 X 0 0 0 CURTIS FRASER BOARD DIRECTOR 1.00 0.00 X 0 0 0 MIKE GALGON TREASURER 1.00 0.00 X X 0 0 0 ENRIQUE GODREAU III BOARD DIRECTOR 1.00 0.00 X 0 0 0 BERT GREEN MD BOARD DIRECTOR 1.00 0.00 X 0 0 0 GREGG JOHNSON SECRETARY 1.00 0.00 X X 0 0 0 TESSA KEATING BOARD DIRECTOR 1.00 0.00 X 0 0 0 MATTHEW MCBRADY BOARD DIRECTOR 1.00 0.00 X 0 0 0 EDDIE POPLAWSKI BOARD DIRECTOR 1.00 0.00 X 0 0 0 JANE STONECIPHER BOARD DIRECTOR 1.00 0.00 X 0 0 0 MAGGIE WALKER PRESIDENT & CHAIR 1.00 0.00 X X 0 0 0 RICK BECKETT CEO & PRESIDENT 40.00 0.00 X 245966 0 72594 MARK COFFEY CHIEF INVESTMENT & OPERATING OFFICER 40.00 0.00 X 178532 0 26357 MARGARET PHILIP VP FINANCE & ADMINISTRATION 40.00 0.00 X 107288 0 14732 ELIZABETH CASTLEBERRY CHIEF DEVELOPMENT OFFICER 40.00 0.00 X 114321 0 14102 LARA DIACONU VP HEALTH SERVICES FUND 40.00 0.00 X 112071 0 14727 MY LE GOEL VP MARKETING & COMMUNICATIONS 40.00 0.00 X 101680 0 13371 859858 0 155883 6 0 1 0 0 118991 386572 1301303 87574 1806866 SOCIAL INV LOANS INT 523999 4370761 4370761 LOAN COMMITMENT FEES 523999 261383 261383 PROGRAM EXP REIMB 900099 50304 50304 4682448 2670 2670 86967 86675 292 292 292 51316 386572 109156 -57840 -57840 6434436 4682448 0 -54878 134630 134630 664163 464604 94638 104921 1260252 860293 62849 337110 70328 45400 2895 22033 195059 146793 6800 41466 135397 96959 8038 30400 79303 79303 44644 22322 22322 202385 189956 2733 9696 45377 12119 1724 31534 82164 45794 3584 32786 173316 125579 10531 37206 131690 127827 169 3694 2183202 2183202 61880 53708 1755 6417 45321 26809 18512 SOCIAL INV LOSS ALLOW 377000 377000 LOAN FEES 41068 41068 BANK CHARGES 20458 14049 3925 2484 41657 25668 4316 11673 5989294 5073083 244791 671420 21346 16323 16512098 10411725 1053558 232175 18963 8594 247863 167020 125133 80843 47456384 63151247 413301 615240 65600783 74516147 476375 528739 3250000 2728330 54135283 63070806 86828 418300 57948486 66746175 X 6019650 6508169 1632647 1261803 7652297 7769972 65600783 74516147 445142 -327467 0 X 0 1 X 1 0 X 1710671 1565143 3265785 1920197 1806866 10268662 1710671 1565143 3265785 1920197 1806866 10268662 1466710 8801952 15769 25268 17297 7260 2670 68264 6050 659 3098 9807 10346733 16468125 0.85070 0.88950 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: REIMBURSED EXPENSES - 2009 AMOUNT: $ 6,050. 2010 AMOUNT: $ 659. 2011 AMOUNT: $ 3,098. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 6098450 6098450 454923 113731 0 0 454923 454923 682385 113731 113731 170597 31313 11501 19812 104237 61255 42982 112313 94264 18049 80843 PRI HONDURAS, LOAN INVESTMENT 1542282 F PRI GUATEMALA, LOAN INVESTMENT 2548000 F PRI EL SALVADOR, LOAN INVESTMENT 2695000 F PRI NICARAGUA, LOAN INVESTMENT 5392639 F PRI PERU, LOAN INVESTMENT 11397281 F PRI BOLIVIA, LOAN INVESTMENT 15402252 F PRI ECUADOR, LOAN INVESTMENT 13885500 F PRI MEXICO, LOAN INVESTMENT 6819536 F PRI COLOMBIA, LOAN INVESTMENT 2857913 F PRI HAITI, LOAN INVESTMENT 247500 F PRI DOMINICAN REPUBLIC, LOAN INVESTMENT 113344 F MFX SOLUTIONS, EQUITY INVESTMENT 250000 C 63151247 DEFERRED RENT LIABILITY 89619 DERIVATIVE INSTRUMENTS 328681 418300 6839055 -327467 622930 295463 6543592 -109156 -109156 6434436 6721380 622930 109156 732086 5989294 0 5989294 PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -109,156. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 109,156. 1 CENTRAL AMERICA AND THE CARIBBEAN 1 8 PGM SERVICES & SOCIAL INVESTMENTS MANAGEMENT OF PROGRAMS & SOCIAL INVESTMENTS 370000 SOUTH AMERICA 0 0 PGM SERVICES & SOCIAL INVESTMENTS MANAGEMENT OF PROGRAMS & SOCIAL INVESTMENTS 541000 NORTH AMERICA 0 0 PGM SERVICES & SOCIAL INVESTMENTS MANAGEMENT OF PROGRAMS & SOCIAL INVESTMENTS 78000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 SOCIAL INVESTMENT LOAN 13047000 SOUTH AMERICA 0 0 SOCIAL INVESTMENT LOAN 44329000 NORTH AMERICA 0 0 SOCIAL INVESTMENT LOAN 6889000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM GRANTS MADE IN FYE 2014 135000 1 8 0 0 1 8 65389000 0 65389000 CENTRAL AMERICA AND THE CARIBBEAN HEALTH & GREEN TECHNOLOGY SERVICES CAPACITY BUILDING TO BENEFIT PEOPLE LIVING IN POVERTY. 48661 WIRES CENTRAL AMERICA AND THE CARIBBEAN HEALTH SERVICES CAPACITY BUILDING TO BENEFIT PEOPLE LIVING IN POVERTY. 67969 WIRES CENTRAL AMERICA AND THE CARIBBEAN HEALTH SERVICES CAPACITY BUILDING TO BENEFIT PEOPLE LIVING IN POVERTY. 8000 WIRES CENTRAL AMERICA AND THE CARIBBEAN GREEN TECHNOLOGY SERVICES CAPACITY BUILDING TO BENEFIT PEOPLE LIVING IN POVERTY. 10000 WIRES 4 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. PART I, LINE 3: ACCRUAL BUSINESS OF HOPE LUNCHEON 437888 386572 51316 20748 35600 52808 437888 386572 51316 20748 35600 52808 109156 -57840 X 1 1 X X X X 0 0 0 0 0 0 0 0 0 RICK BECKETT CEO & PRESIDENT 237187 0 0 0 8779 0 49000 0 23594 0 318560 0 0 0 MARK COFFEY CHIEF INVESTMENT & OPERATING OFFICER 178532 0 0 0 0 0 11310 0 15047 0 204889 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. ROOTS AND WINGS ENTITY CONTROLLED MORE THAN 35% BY MIKE GALGON, BOARD MEMBER GP SOCIAL INVESTMENT LOAN X 525000 513907 0 1 1 STEVE DAVIS BOARD MEMBER GP SOCIAL INVESTMENT LOAN X 200000 193661 0 1 1 KURT DELBENE BOARD MEMBER GP SOCIAL INVESTMENT LOAN X 250000 234152 0 1 1 SEATTLE INTERNATIONAL FOUNDATION ENTITY CONTROLLED MORE THAN 35% BY BILL AND PAULA CLAPP, BOARD MEMBERS GP SOCIAL INVESTMENT LOAN X 1200000 1136610 0 1 1 EDWARD POPLAWSKI BOARD MEMBER GP SOCIAL INVESTMENT LOAN X 50000 50000 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 DONNA LOU SPOUSE OF FORMER BOARD MEMBER GP SOCIAL INVESTMENT LOAN X 250000 250000 0 1 1 2728330 X 7 86675 COST OR SELLING PRICE X EQUIPMENT EXP 1 899 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 RELIED ON VOLUNTEER HOURS FROM 71 INDIVIDUALS IN FISCAL YEAR 2014. 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 BUSINESS OF HOPE LUNCHEON AS WELL AS OTHER FUNDRAISING AND INFORMATIONAL EVENTS. WE ALSO RECEIVED VOLUNTEER ASSISTANCE THROUGHOUT THE YEAR WITH GENERAL OFFICE SUPPORT AND SPECIAL PROJECTS. IN ADDITION TO THE VOLUNTEERS, GLOBAL PARTNERSHIPS RECEIVED SIGNIFICANT PRO BONO SUPPORT FROM SIX LAW FIRMS IN FISCAL YEAR 2014. THESE SIX FIRMS PROVIDED A COMBINED MORE THAN 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 ANNUALLY REVIEWS THE CEO 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 2014. FORM 990, PART VI, SECTION C, LINE 19 THE ANNUAL REPORT, AUDITED FINANCIALS AND THE FORM 990 ARE POSTED ON THE ORGANIZATION'S WEBSITE. GP FUND MANAGEMENT LLC 1932 FIRST AVENUE SUITE 400 SEATTLE WA 98101 203550156 FUND MANAGEMENT DE 995438 25623 GLOBAL PARTNERSHIPS GLOBAL PARTNERSHIPS MICROFINANCE FUND 2006 LLC 1932 FIRST AVENUE SUITE 400 SEATTLE WA 98101 208219947 FUND & MANAGE SOCIAL INVESTMENT LOANS DE 648 GLOBAL PARTNERSHIPS GLOBAL PARTNERSHIPS MICROFINANCE FUND 2008 LLC 1932 FIRST AVENUE SUITE 400 SEATTLE WA 98101 263382695 FUND & MANAGE SOCIAL INVESTMENT LOANS DE 1650762 20526357 GLOBAL PARTNERSHIPS GLOBAL PARTNERSHIPS SOCIAL INVESTMENT FUND 2010 LLC 1932 FIRST AVENUE SUITE 400 SEATTLE WA 98101 320308627 FUND & MANAGE SOCIAL INVESTMENT LOANS DE 1753275 25292048 GLOBAL PARTNERSHIPS GLOBAL PARTNERSHIPS SOCIAL INVESTMENT FUND 50 LLC 1932 FIRST AVENUE SUITE 400 SEATTLE WA 98101 383889550 FUND & MANAGE SOCIAL INVESTMENT LOANS DE 1154936 24686664 GLOBAL PARTNERSHIPS