STICHTING TO PROMOTE WOMEN'S WORLD BANKING: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
STICHTING TO PROMOTE WOMEN'S WORLD BANKING (EIN 13-3118378)
Tax period
2010-01-01 to 2010-12-31
Filed
2011-08-12
IRS object ID
201112249349301326
Schema version
2010v3.4
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2011-08-12T09:55:29-05:00Timestamp
Tax Period End Date2010-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1KPMG LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1345 Park AvenueAddressLine1
CityNew YorkCity
StateNYState
ZIP Code101540102ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2010-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN133118378EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1STICHTING TO PROMOTE WOMENS WORLD BANKINGBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlSTICNameControl
Phone2127688513Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line18 WEST 40TH STREET 10TH FLOORAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10018ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameMARY ELLEN ISKENDERIANName
TitleCEOTitle
Phone2127688513Phone
Date Signed2011-08-08DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameKPMG LLPName
Phone2127589700Phone
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonMARY ELLEN ISKENDERIANNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line18 WEST 40TH STREETAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10018ZIPCode
FieldValueIRS element (for citing)
Gross Receipts6057169GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
Organization501cXOrganization501c
Web SiteWWW.SWWB.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1979YearFormation
State Legal DomicileNYStateLegalDomicile
Activity Or Mission DescriptionSWWB'S MISSION 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.ActivityOrMissionDescription
Nbr Voting Members Governing Body10NbrVotingMembersGoverningBody
Nbr Independent Voting Members9NbrIndependentVotingMembers
Total Nbr Employees41TotalNbrEmployees
Total Nbr Volunteers18TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year15051608ContributionsGrantsPriorYear
Contributions Grants Current Year4835552ContributionsGrantsCurrentYear
Program Service Revenue Prior Year865348ProgramServiceRevenuePriorYear
Program Service Revenue CY1125882ProgramServiceRevenueCY
Investment Income Prior Year171354InvestmentIncomePriorYear
Investment Income Current Year73164InvestmentIncomeCurrentYear
Other Revenue Prior Year65945OtherRevenuePriorYear
Other Revenue Current Year22571OtherRevenueCurrentYear
Total Revenue Prior Year16154255TotalRevenuePriorYear
Total Revenue Current Year6057169TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year120000GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY2396650GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year3930354SalariesEtcPriorYear
Salaries Etc Current Year4102903SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year870236TotalFundrsngExpCurrentYear
Other Expense Prior Year3485157OtherExpensePriorYear
Other Expenses Current Year5123220OtherExpensesCurrentYear
Total Expenses Prior Year7535511TotalExpensesPriorYear
Total Expenses Current Year11622773TotalExpensesCurrentYear
Revenues Less Expenses Prior Year8618744RevenuesLessExpensesPriorYear
Revenues Less Expenses CY-5565604RevenuesLessExpensesCY
Total Assets BOY32199848TotalAssetsBOY
Total Assets EOY26162197TotalAssetsEOY
Total Liabilities BOY1497754TotalLiabilitiesBOY
Total Liabilities EOY1159785TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY30702094NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY25002412NetAssetsOrFundBalancesEOY
Mission DescriptionSEE SCHEDULE O GENERAL EXPLANATION (F).MissionDescription
Significant New Program ServicesfalseSignificantNewProgramServices
Significant ChangefalseSignificantChange
Expense3462419Expense
Revenue1003591Revenue
DescriptionINSTITUTIONAL DEVELOPMENT PROGRAMS (IDP) CONSISTS OF TECHNICAL SUPPORT AND STRATEGY DEVELOPMENT FOR WWB NETWORK MEMBERS (NMS) IN AREAS THAT INCLUDE LOAN GUARANTEES, BROKERING, AND ADVISORY SERVICES ON SECURING BORROWINGS AND OTHER FINANCINGS. UNDER THIS PROGRAM, WWB ALSO DEVELOPS TOOLKITS IN AREAS LIKE FINANCIAL RISK MANAGEMENT AND EQUITY VALUATION AND CONDUCTS TRAININGS WITH NMS ON THESE AREAS. IDP ALSO INCLUDES SERVICES IN BUILDING GENDER DIVERSITY IN MICROFINANCE INSTITUTIONS AS WELL AS LEADERSHIP DEVELOPMENT. UNDER NETWORK MANAGEMENT, WWB PROVIDES STRATEGIC ADVICE TO NMS, ORGANIZES BEST PRACTICES WORKSHOPS, EXCHANGES, AND INNOVATION PARTNERSHIPS WITH NMS.Description

Activity2 Activity2

FieldValueIRS element (for citing)
Expense6147603Expense
Grants2396650Grants
Revenue122291Revenue
DescriptionFUNCTIONAL PRODUCTS AND SERVICES (FPS) SUPPORT NMS AND ASSOCIATES IN EXPANDING FINANCIAL SERVICES TO LOW INCOME ENTREPRENEURS AND IN FORGING PARTNERSHIPS WITH BANKS. THE PRODUCTS AND SERVICES INCLUDE MARKETING AND MARKET RESEARCH, INTRODUCTION OF NEW PRODUCTS SUCH AS SAVINGS, MICRO-INSURANCE, INDIVIDUAL LENDING AND RURAL LENDING, AND FORMALIZATION. FPS ALSO HAS A PUBLICATION COMPONENT TO DISSEMINATE KNOWLEDGE GAINED THROUGH DEVELOPING NEW AND INNOVATIVE PRODUCTS.Description
FieldValueIRS element (for citing)
Total Program Service Expense9610022TotalProgramServiceExpense
Described In501 C3falseDescribedIn501C3
Schedule B RequiredtrueScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Subject To Proxy TaxtrueSubjectToProxyTax
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArtfalseCollectionsOfArt
Credit CounselingfalseCreditCounseling
Term Or Permanent EndowmentstrueTermOrPermanentEndowments
Report Land Bldg EquiptrueReportLandBldgEquip
Report Invest Oth SecuritiestrueReportInvestOthSecurities
Report Prog Rel InvesttrueReportProgRelInvest
Report Other AssetsfalseReportOtherAssets
Report Other LiabilitiesfalseReportOtherLiabilities
Report Fin48 FootnotetrueReportFin48Footnote
Independent Audit Financial StmtfalseIndependentAuditFinancialStmt
Consolidated Audit Financial StmttrueConsolidatedAuditFinancialStmt
SchoolfalseSchool
Foreign OfficefalseForeignOffice
Foreign ActivitiestrueForeignActivities
More Than5000 K To OrganizationstrueMoreThan5000KToOrganizations
More Than5000 K To IndividualsfalseMoreThan5000KToIndividuals
Professional FundraisingfalseProfessionalFundraising
Fundraising ActivitiesfalseFundraisingActivities
GamingfalseGaming
HospitalfalseHospital
Grants To OrganizationsfalseGrantsToOrganizations
Grants To IndividualsfalseGrantsToIndividuals
Schedule J RequiredtrueScheduleJRequired
Tax Exempt BondsfalseTaxExemptBonds
Excess Benefit TransactionfalseExcessBenefitTransaction
Prior Excess Benefit TransactionfalsePriorExcessBenefitTransaction
Loan To Officer Or DQPfalseLoanToOfficerOrDQP
Grant To Related PersonfalseGrantToRelatedPerson
Bsnss Rltnshp With OrganizationfalseBsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family MemberfalseBsnssRltnshpThruFamilyMember
Officer Entity With Bsnss RltnshptrueOfficerEntityWithBsnssRltnshp
Deductible Non Cash ContributionsfalseDeductibleNonCashContributions
Deductible Contributions Of ArtfalseDeductibleContributionsOfArt
TerminatedfalseTerminated
Partial LiquidationfalsePartialLiquidation
Disregarded EntityfalseDisregardedEntity
Related EntitytrueRelatedEntity
Related Org Controlled EntitytrueRelatedOrgControlledEntity
Transaction Related EntitytrueTransactionRelatedEntity
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredtrueScheduleORequired
Number Forms Transmitted With109624NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup WitholdingtrueComplianceWithBackupWitholding
Number Of Employees41NumberOfEmployees
Employment Tax Returns FiledtrueEmploymentTaxReturnsFiled
Unrelated Business IncomefalseUnrelatedBusinessIncome
Foreign Financial AccountfalseForeignFinancialAccount
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans
Taxable Party NotificationfalseTaxablePartyNotification
Non Deductible ContributionstrueNonDeductibleContributions
Non Deductible DisclosuretrueNonDeductibleDisclosure
Quid Pro Quo ContributionsfalseQuidProQuoContributions
Form8282 Property Disposed OffalseForm8282PropertyDisposedOf
Funds To Pay PremiumsfalseFundsToPayPremiums
Premiums PaidfalsePremiumsPaid
Indoor Tanning ServicesfalseIndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members10NbrVotingGoverningBodyMembers
Number Independent Voting Members9NumberIndependentVotingMembers
Family Or Business RelationshipfalseFamilyOrBusinessRelationship
Delegation Of Management DutiesfalseDelegationOfManagementDuties
Changes To Organizing DocsfalseChangesToOrganizingDocs
Material Diversion Or MisusefalseMaterialDiversionOrMisuse
Members Or StockholdersfalseMembersOrStockholders
Election Of Board MembersfalseElectionOfBoardMembers
Decisions Subject To ApprovalfalseDecisionsSubjectToApproval
Minutes Of Governing BodytrueMinutesOfGoverningBody
Minutes Of CommitteestrueMinutesOfCommittees
Officer Mailing AddressfalseOfficerMailingAddress
Local ChaptersfalseLocalChapters
Form990 Provided To Governing BodytrueForm990ProvidedToGoverningBody
Conflict Of Interest PolicytrueConflictOfInterestPolicy
Annual Disclosure Covered PersonstrueAnnualDisclosureCoveredPersons
Regular Monitoring EnforcementtrueRegularMonitoringEnforcement
Whistleblower PolicytrueWhistleblowerPolicy
Document Retention PolicytrueDocumentRetentionPolicy
Compensation Process CEOtrueCompensationProcessCEO
Compensation Process OthertrueCompensationProcessOther
Investment In Joint VenturefalseInvestmentInJointVenture
States Where Copy Of Return Is FiledNYStatesWhereCopyOfReturnIsFiled
Own WebsiteXOwnWebsite
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonMARY ELLEN ISKENDERIANNamePerson
Telephone Number2125563154TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line18 WEST 40TH ST 10TH FLOORAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10018ZIPCode
FieldValueIRS element (for citing)
Info In Schedule O Part VIIXInfoInScheduleOPartVII

Form990 Part VII Section A Form990PartVIISectionA (20 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationOfficerOfficerHighest Compensated EmployeeHighestCompensatedEmployee
INGER ELISABETH PREBENSEN
CHAIR, TRUSTEE5.0X000
JENNIFER RIRIA
VICE CHAIR, TRUSTEE5.0X000
MARY HOUGHTON
TREASURER, TRUSTEE5.0X000X
CLARA SERRA DE AKERMAN
SECRETARY, TRUSTEE5.0X000X
MARILOU VAN GOLSTEIN BROUWERS
TRUSTEE5.0X000
HUMAIRA ISLAM
TRUSTEE5.0X000
DIANA MEDMAN
TRUSTEE5.0X000
SHEILA HOODA
TRUSTEE5.0X000
SUZANNE NORA JOHNSON
TRUSTEE5.0X000
ROSHANEH ZAFAR
TRUSTEE5.0X000
MARY ELLEN ISKENDERIAN
PRESIDENT / CEO35.03207662220912273X
TOM JONES
CHIEF OPERATING OFFICER40.0102940010059X
CECILLE ZACARIAS
CHIEF OPERATING OFFICER40.0144845023255X
INEZ MURRAY
VP OF PROGRAMS & TECH ASSIST40.016095007957X
SARITA GUPTA
VP OF COMMUNICATION AND GR30.01324863850817963X
HANS DELLIEN
DIR MICROFINANCE PROD & SRVS40.0150251023235X
GIL LACSON
ACTING DIR OF RELATIONSHIP MNG40.0130446022662X
KATHRYN MAYER
DIR OF CENTER FOR LEADERSHIP40.012500000X
ANNA GINCHERMAN
DIR FORMALIZATION/NEW PROD DEV40.0123878010669X
JAMES WEI
IT MANAGER40.0109500022124X
FieldValueIRS element (for citing)
Total Reportable Comp From Org1501062TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs60717TotalReportableCompFrmRltdOrgs
Total Other Compensation150197TotalOtherCompensation
Number Individuals GT100 K10NumberIndividualsGT100K
Formers ListedfalseFormersListed
Total Comp GT150 KtrueTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1CityAddressOfContractor/AddressUS/CityStateAddressOfContractor/AddressUS/StateZIP CodeAddressOfContractor/AddressUS/ZIPCodeDescription Of ServicesDescriptionOfServicesCompensationCompensation
MCKINSEY AND CO INC
55 East 52nd StreetNew YorkMA10055PROGRAM CONSULTING410000
MONITOR INSTITUTE
25 First StreetCambridgeMA02141STRATEGIC PLAN CONSU260000
WHARTON SCHOOL
2103 Steinberg Hall-Dierich HallPhiladelphiaPA191046370PROGRAM CONSULTING178550
DAVID GOUGH
505 Court Street 7ABROOKLYNNY11231PROGRAM CONSULTING143400
PBR EXECUTIVE SEARCH
56 TIEMANN PLACENEW YORKNY10027CONSULTING139889
FieldValueIRS element (for citing)
Number Of Contractors GT100 K17NumberOfContractorsGT100K
Related Organizations1674421RelatedOrganizations
Government Grants2636280GovernmentGrants
All Other Contributions524851AllOtherContributions
Noncash Contributions0NoncashContributions
Total Contributions4835552TotalContributions

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
COST SHARING AND WORKSHOP FEES9000999712097120
CONSULTING REVENUE54190010035911003591
MEMBERSHIP DUES9000992517125171
FieldValueIRS element (for citing)
Total Program Service Revenue1125882TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column73164TotalRevenueColumn
Exclusion$73,164ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Royalties Revenue RoyaltiesRevenue

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Income From Gaming NetIncomeFromGaming

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Income Or Loss NetIncomeOrLoss

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Other Revenue Misc OtherRevenueMisc

FieldValueIRS element (for citing)
DescriptionOTHER REVENUEDescription
Business Code900099BusinessCode
Total Revenue Column22571TotalRevenueColumn
Exclusion$22,571ExclusionAmount
FieldValueIRS element (for citing)
Total Other Revenue22571TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column6057169TotalRevenueColumn
Related Or Exempt Function Income1125882RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion$95,735ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total0Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total0Total

Foreign Grants ForeignGrants

FieldValueIRS element (for citing)
Total2396650Total
Program Services2396650ProgramServices

Benefits To Members BenefitsToMembers

FieldValueIRS element (for citing)
Total0Total

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total713243Total
Program Services502915ProgramServices
Management And General113220ManagementAndGeneral
Fundraising97108Fundraising

Comp Disqual Persons CompDisqualPersons

FieldValueIRS element (for citing)
Total0Total

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total2674775Total
Program Services1886010ProgramServices
Management And General424594ManagementAndGeneral
Fundraising364171Fundraising

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total101000Total
Program Services71216ProgramServices
Management And General16033ManagementAndGeneral
Fundraising13751Fundraising

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total340385Total
Program Services240009ProgramServices
Management And General54033ManagementAndGeneral
Fundraising46343Fundraising

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total273500Total
Program Services192848ProgramServices
Management And General43415ManagementAndGeneral
Fundraising37237Fundraising

Fees For Services Management FeesForServicesManagement

FieldValueIRS element (for citing)
Total0Total

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total29875Total
Program Services18241ProgramServices
Management And General6534ManagementAndGeneral
Fundraising5100Fundraising

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total73600Total
Program Services44940ProgramServices
Management And General16096ManagementAndGeneral
Fundraising12564Fundraising

Fees For Services Lobbying FeesForServicesLobbying

FieldValueIRS element (for citing)
Total0Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total0Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

FieldValueIRS element (for citing)
Total159Total
Management And General159ManagementAndGeneral

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total2853084Total
Program Services2617666ProgramServices
Management And General219246ManagementAndGeneral
Fundraising16172Fundraising

Advertising Advertising

FieldValueIRS element (for citing)
Total0Total

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total345659Total
Program Services211082ProgramServices
Management And General75584ManagementAndGeneral
Fundraising58993Fundraising

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total0Total

Royalties Royalties

FieldValueIRS element (for citing)
Total0Total

Occupancy Occupancy

FieldValueIRS element (for citing)
Total698330Total
Program Services426447ProgramServices
Management And General152701ManagementAndGeneral
Fundraising119182Fundraising

Travel Travel

FieldValueIRS element (for citing)
Total1023948Total
Program Services952000ProgramServices
Management And General952ManagementAndGeneral
Fundraising70996Fundraising

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

FieldValueIRS element (for citing)
Total0Total

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total0Total

Interest Interest

FieldValueIRS element (for citing)
Total0Total

Payments To Affiliates PaymentsToAffiliates

FieldValueIRS element (for citing)
Total0Total

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total30211Total
Program Services18449ProgramServices
Management And General6606ManagementAndGeneral
Fundraising5156Fundraising

Insurance Insurance

FieldValueIRS element (for citing)
Total0Total

Other Expenses OtherExpenses

FieldValueIRS element (for citing)
DescriptionPRINTING PRODUCTION & VIDEODescription
Total68354Total
Program Services31549ProgramServices
Management And General13342ManagementAndGeneral
Fundraising23463Fundraising

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total11622773Total
Program Services9610022ProgramServices
Management And General1142515ManagementAndGeneral
Fundraising870236Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY8470551BOY
EOY3665784EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY17105272BOY
EOY3840136EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

FieldValueIRS element (for citing)
BOY5577237BOY
EOY5300051EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY130183BOY
EOY23119EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY49200BOY
EOY3444EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis347145LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec327674LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY36256BOY
EOY19471EOY

Investments Other Securities InvestmentsOtherSecurities

FieldValueIRS element (for citing)
BOY810443BOY
EOY9078519EOY

Investments Program Related InvestmentsProgramRelated

FieldValueIRS element (for citing)
BOY0BOY
EOY4151717EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY20706BOY
EOY79956EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY32199848BOY
EOY26162197EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY967254BOY
EOY564110EOY

Deferred Revenue DeferredRevenue

FieldValueIRS element (for citing)
BOY530500BOY
EOY595675EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY1497754BOY
EOY1159785EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY1890492BOY
EOY226088EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY12216346BOY
EOY8181068EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY16595256BOY
EOY16595256EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY30702094BOY
EOY25002412EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY32199848BOY
EOY26162197EOY
FieldValueIRS element (for citing)
Info In Schedule O Part XIXInfoInScheduleOPartXI
Reconcilation Revenue Expenses-5565604ReconcilationRevenueExpenses
Reconcilation Other Changes-134078ReconcilationOtherChanges
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or ReviewfalseAccountantCompileOrReview
FS AuditedtrueFSAudited
Audit CommitteetrueAuditCommittee
Financial Statement ConsolidatedXFinancialStatementConsolidated
Federal Grant Audit RequiredfalseFederalGrantAuditRequired

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Total Grassroots LobbyingTotalGrassrootsLobbying
Total Direct LobbyingTotalDirectLobbying
Total Lobbying ExpendituresTotalLobbyingExpenditures
Other Exempt Purpose ExpendituresOtherExemptPurposeExpenditures
Total Exempt Purpose ExpendituresTotalExemptPurposeExpenditures
Lobbying NontaxableLobbyingNontaxableAmount
Grassroots NontaxableGrassrootsNontaxableAmount
Tot Lobbying Grassroot Minus Non TxTotLobbyingGrassrootMinusNonTx
Tot Lobby Expend Mns Lobbying NontxTotLobbyExpendMnsLobbyingNontx
Substantially All Dues NondeducttrueSubstantiallyAllDuesNondeduct
Only In House LobbyingtrueOnlyInHouseLobbying
Agree To Carryover Prior YearfalseAgreeToCarryoverPriorYear

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Art Public Exhibition AmtsArtPublicExhibitionAmts
Held Works Of Art AmtsHeldWorksOfArtAmts

Current Year CurrentYear

FieldValueIRS element (for citing)
Beginning Of Year Balance16573325BeginningOfYearBalance
Investment Earnings Or Losses316271InvestmentEarningsOrLosses
Other Expenditures294340OtherExpenditures
End Of Year Balance16595256EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

FieldValueIRS element (for citing)
Beginning Of Year Balance16595256BeginningOfYearBalance
Investment Earnings Or Losses-21931InvestmentEarningsOrLosses
Other Expenditures0OtherExpenditures
End Of Year Balance16573325EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

FieldValueIRS element (for citing)
Beginning Of Year Balance31152887BeginningOfYearBalance
Investment Earnings Or Losses-12657631InvestmentEarningsOrLosses
Other Expenditures1900000OtherExpenditures
End Of Year Balance16595256EndOfYearBalance
FieldValueIRS element (for citing)
Permanent Endowment EOY Balance1.00000PermanentEndowmentEOYBalance
Endowments Held By Unrelated OrgsfalseEndowmentsHeldByUnrelatedOrgs
Endowments Held By Related OrgsfalseEndowmentsHeldByRelatedOrgs
LandLand
BuildingsBuildings

Leasehold Improvements LeaseholdImprovements

FieldValueIRS element (for citing)
Other Cost Or Other Basis62010OtherCostOrOtherBasis
Depreciation59625Depreciation
Book Value2385BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis285135OtherCostOrOtherBasis
Depreciation268049Depreciation
Book Value17086BookValue
FieldValueIRS element (for citing)
Other Land BuildingsOtherLandBuildings
Total Of Book Value Land Buildings19471TotalOfBookValueLandBuildings
Financial DerivativesFinancialDerivatives
Closely Held Equity InterestsCloselyHeldEquityInterests

Other Securities OtherSecurities

FieldValueIRS element (for citing)
DescriptionALTERNATIVE INVESTMENTSDescription
Book Value9078519BookValue
Method Of ValuationFMethodOfValuation
FieldValueIRS element (for citing)
Total Of Book Value Securities9078519TotalOfBookValueSecurities

Investments Program Related InvestmentsProgramRelated

FieldValueIRS element (for citing)
DescriptionLOAN GUARANTEE - A PROGRAMDescription
Book Value4151717BookValue
Method Of ValuationCMethodOfValuation
FieldValueIRS element (for citing)
Total Of Book Value Program Related4151717TotalOfBookValueProgramRelated
Federal Income Tax Liability0FederalIncomeTaxLiability
Total Of Amounts0TotalOfAmounts
Total Revenue6057169TotalRevenue
Total Expenses11622773TotalExpenses
Excess Or Deficit For Year-5565604ExcessOrDeficitForYear
Net Unrealized GL On Investments243266NetUnrealizedGLOnInvestments
Other-$1,148,677OtherAmount
Total Adjustments-905411TotalAdjustments
Excess Or Deficit Per FS-6471015ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt5982324TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments243266NetUnrealizedGainsInvestments
Donated Srvc And Use Of Facilities596699DonatedSrvcAndUseOfFacilities
Other Revenues-914651OtherRevenues
Revenue Not Rptd F990-74686RevenueNotRptdF990
Revenue Subtotal6057010RevenueSubtotal
Investment Expenses Not Included159InvestmentExpensesNotIncluded
Revenue Not Rptd On Fin Stmt159RevenueNotRptdOnFinStmt
Total Revenue Per Form9906057169TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt12453339TotExpensesEtcAuditedFinclStmt
Donated Services Use Of Facilities596699DonatedServicesUseOfFacilities
Other Expenses Included234026OtherExpensesIncluded
Expenses Not Rptd F990830725ExpensesNotRptdF990
Expenses Subtotal11622614ExpensesSubtotal
Investment Expenses Not Included2159InvestmentExpensesNotIncluded2
Expenses Not Rptd On Fin Stmt159ExpensesNotRptdOnFinStmt
Total Expenses Per Form99011622773TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
SUPPLEMENTAL INFORMATION 1SCHEDULE D, PART XI, LINE 8- REMOVAL OF $-771,333 IN NET ASSETS OF FRIENDS OF WOMEN'S WORLD BANKING, AN AFFILIATED ORGANIZATION. - FOREIGN CURRENCY TRANSLATION LOSS OF $-143,318 - PROVISION FOR UNCOLLECTIBLE GRANTS RECEIVABLE OF $-234,026 SCHEDULE D, PART XII, LINE 2D - REMOVAL OF $-771,333 IN NET ASSETS OF FRIENDS OF WOMEN'S WORLD BANKING, AN AFFILIATED ORGANIZATION. - FOREIGN CURRENCY TRANSLATION LOSS OF $-143,318 SCHEDULE D, PART XIII, LINE 2D - PROVISION FOR UNCOLLECTIBLE GRANTS RECEIVABLE OF $234,026
SUPPLEMENTAL INFORMATION 2SCHEDULE D, PART X - "FIN 48 POSITION"THE ORGANIZATION ADOPTED ASU 2009 06, IMPLEMENTATION GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND DISCLOSURE AMENDMENTS FOR NONPUBLIC ENTITIES, IN CONJUNCTION WITH ITS ADOPTION OF FASB INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (NOW INCLUDED IN ASC SUBTOPIC 740 10, INCOME TAXES - OVERALL). FASB INTERPRETATION NO. 48 ADDRESSES THE ACCOUNTING FOR UNCERTAINTIES IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS AND PRESCRIBES A THRESHOLD OF MORE LIKELY THAN NOT FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION EVALUATED ITS TAX POSITIONS IN 2010 AND NOTED THAT THERE WERE NO SIGNIFICANT UNCERTAIN TAX POSITIONS AND THAT IT WILL CONTINUE TO BE EXEMPT FROM INCOME TAXES.
SUPPLEMENTAL INFORMATION 3SCHEDULE D, 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 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. THE ORGANIZATION'S POLICY ALLOWS THE APPROPRIATION FOR DISTRIBUTION EACH YEAR WITH BOARD APROVAL FOR THE ORGANIZATIONS USE. ACCORDINGLY, OVER THE LONG TERM, THE ORGANIZATION EXPECTS THE CURRENT SPENDING POLICY TO ALLOW THE FUND TO GROW AT AN AVERAGE OF 4% ANNUALLY. THIS IS CONSISTENT WITH THE ORGANIZATION'S OBJECTIVE 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.

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedtrueGrantRecordsMaintained

Accts Actvs Out US Table AcctsActvsOutUSTable (11 entries)

RegionRegionNumber Of OfficesNumberOfOfficesNumber Of EmployeesNumberOfEmployeesType Of Activities ConductedTypeOfActivitiesConductedSpecific Services ProvidedSpecificServicesProvidedTotal ExpendituresTotalExpenditures
East Asia and the Pacific00Program ServicesIDP/FPS - 990,PART III487143
Europe (Including Iceland and Greenland)00Program ServicesIDP/FPS - 990,PART III123202
Middle East and North Africa00Program ServicesIDP/FPS - 990,PART III554047
South America00Program ServicesIDP/FPS - 990,PART III1294695
South Asia00Program ServicesIDP/FPS - 990,PART III371270
Sub-Saharan Africa00Program ServicesIDP/FPS - 990,PART III704392
Middle East and North Africa00Grantmaking702300
South America00Grantmaking1064350
Sub-Saharan Africa00Grantmaking630000
South Asia00Investments589783
Europe (Including Iceland and Greenland)00Fundraising972086
FieldValueIRS element (for citing)
Subtotal Number Of Offices0SubtotalNumberOfOffices
Subtotal Number Of Employees0SubtotalNumberOfEmployees
Total Number Of Offices0TotalNumberOfOffices
Total Number Of Employees0TotalNumberOfEmployees
Subtotal Amount Spent7493268SubtotalAmountSpent
Total Amount Spent7493268TotalAmountSpent

Grants To Orgs Outside US GrantsToOrgsOutsideUS (6 entries)

RegionRegionPurpose Of GrantPurposeOfGrantAmount Of Cash GrantAmountOfCashGrantManner Of Cash DisbursementMannerOfCashDisbursement
Middle East/North AfricaSEE PART V20000WIRE
Cent. America/CaribbeanSEE PART V573750WIRE
Middle East/North AfricaSEE PART V630000WIRE
South AmericaSEE PART V682300WIRE
South AmericaSEE PART V480000WIRE
South AmericaSEE PART V10600WIRE
FieldValueIRS element (for citing)
Total Number Of501c3 Orgs0TotalNumberOf501c3Orgs
Total Number Of Other Orgs6TotalNumberOfOtherOrgs
Transfer To Foreign CorpfalseTransferToForeignCorp
Interest In Foreign TrustfalseInterestInForeignTrust
Own Foreign CorpfalseOwnForeignCorp
Passive Foreign Invest CofalsePassiveForeignInvestCo
Foreign PartnershipfalseForeignPartnership
Boycott CountriesfalseBoycottCountries

Form990 Schedule F Part V Form990ScheduleFPartV (2 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
SUPPLEMENTAL INFORMATION 1SCHEDULE F, PART I, LINE 2 - MONITORING GRANTS OUTSIDE THE USTHE ORGANIZATION'S CAPITAL MARKETS 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 TEAM WILL ALSO REVIEW SUPPORTING DOCUMENTATION OF THE GRANT BEFORE FUNDS ARE DISBURSED.
SUPPLEMENTAL INFORMATION 2SCHEDULE F, PART II, COLUMN D - PURPOSE OF GRANT(1) MIDDLE E. & N. AMERICA - PASSTHOUGH GENERAL DONATION TO AN AFFILIATE. (2) CENT. AMERICA/CARIBBEAN - TO INCREASE THE NUMBER OF SAVINGS ACCOUNTS FOR LOW INCOME CONSUMERS. (3) MIDDLE E. & N. AMERICA - TO INCREASE THE NUMBER OF SAVINGS ACCOUNTS FOR LOW INCOME CONSUMERS. (4) SOUTH AMERICA - TO INCREASE THE NUMBER OF SAVINGS ACCOUNTS FOR LOW INCOME CONSUMERS. (5) SOUTH AMERICA - PASSTHOUGH GENERAL DONATION TO AN AFFILIATE. (6) SOUTH AMERICA - FORMALIZATION & BONDS EMISSION.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeXCompensationCommittee
Independent ConsultantXIndependentConsultant
Compensation SurveyXCompensationSurvey
Board Or Committee ApprovalXBoardOrCommitteeApproval
Severance PaymentfalseSeverancePayment
Supplemental Nonqual Retire PlanfalseSupplementalNonqualRetirePlan
Equity Based Comp ArrangementfalseEquityBasedCompArrangement
Comp Based On Revenue Of Filing OrgfalseCompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related OrgsfalseCompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing OrgfalseCompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate OrgsfalseCompBasedNetEarningsRelateOrgs
Any Non Fixed PaymentsfalseAnyNonFixedPayments

Form990 Schedule J Part II Form990ScheduleJPartII (6 entries)

Base Compensation Filing OrgBaseCompensationFilingOrgComp Based On Related OrgsCompBasedOnRelatedOrgsBonus Filing OrgBonusFilingOrgBonus Related OrgsBonusRelatedOrgsOther Compensation Filing OrgOtherCompensationFilingOrgOther Compensation Related OrgsOtherCompensationRelatedOrgsDeferred Comp Filing OrgDeferredCompFilingOrgDeferred Comp Related OrgsDeferredCompRelatedOrgsNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgNontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgsTotal Compensation Filing OrgTotalCompensationFilingOrgTotal Compensation Related OrgsTotalCompensationRelatedOrgsComp Report Prior990 Filing OrgCompReportPrior990FilingOrgComp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
MARY ELLEN ISKENDERIAN
32076622209000011411086203330392220900
CECILLE ZACARIAS
1448450000053290179260168100000
INEZ MURRAY
160950000005430025270168907000
SARITA GUPTA
132486385080000001796301504493850800
HANS DELLIEN
1502510000053190179160173486000
GIL LACSON
1304460000047860178760153108000

Schedule L IRS990ScheduleL

Form990 Schedule L Part IV Form990ScheduleLPartIV

Name Of Interested Person NameOfInterestedPerson

FieldValueIRS element (for citing)
Name PersonROSHANEH ZAFARNamePerson
FieldValueIRS element (for citing)
RelationshipBOARD MEMBERRelationship
Amount Of Transaction589783AmountOfTransaction
Description Of TransactionINVESTMENT IN KASHF SHARESDescriptionOfTransaction
Sharing Of RevenuesfalseSharingOfRevenues

Form990 Schedule L Part V Form990ScheduleLPartV

FieldValueIRS element (for citing)
IdentifierSUPPLEMENTAL INFORMATION 1Identifier
Return ReferenceSCHEDULE L, PART IV - "BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS"ReturnReference
ExplanationSTICHTING TO PROMOTE WOMENS WORLD BANKING (SWWB) HAS AN INVESTMENT IN KASHF MICROFINANCE BANK (KASHF) OF WHICH ROSHANEH ZAFAR, A BOARD MEMBER, IS THE PRESIDENT.Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (9 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
GENERAL EXPLANATION (A)FORM 990, PART VI, SECTION B, LINE 11A - "FORM 990 REVIEW"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 COO AND CEO THEN REVIEW AND APPROVE THE REVISED DRAFT RETURN. THE DRAFT FORM 990 IS DISTRIBUTED TO THE FULL BOARD OF DIRECTORS AND A BOARD DESIGNATED SUBCOMMITTEE THEN REVIEWS AND APPROVES THE FORM 990.
GENERAL EXPLANATION (B)FORM 990, PART VI, SECTION B, LINE 12C - "CONFLICT OF INTEREST POLICY"PER THE WRITTEN CONFLICT OF INTEREST POLICY, EACH DIRECTOR AND CERTAIN 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 SWWB 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 DIRECTORS 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 BOARD MEMBER; 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.
GENERAL EXPLANATION (C)FORM 990, PART VI, SEC B, LINE 15B - "DETERMINING COMPENSATION"STICHTING TO PROMOTE WOMEN'S WORLD BANKING ADHERES TO THE FOLLOWING POLICIES AND PROCEDURES FOR DETERMINING COMPENSATION OF OFFICERS AND KEY EMPLOYEES: (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 CONTEMPORANEOUSLY IN THE MINUTES.
GENERAL EXPLANATION (D)FORM 990, PART VI, SECTION C, LINE 19 - "DOC MADE AVAILABLE TO THE PUBLIC"SWWB PUBLISHES AN ANNUAL REPORT THAT REFLECTS THE FINANCIAL STATEMENTS, WHICH ARE ALSO AVAILABLE ON THE WEBSITE. THE FORM 990 FOR EACH OF FWWB AND SWWB IS ALSO AVAILABLE TO THE PUBLIC THROUGH THE GUIDESTAR WEBSITE.
GENERAL EXPLANATION (E)FORM 990, PART VIIIN ADDITION TO THE HOURS REPORTED IN PART VII, MARY ELLEN ISKENDERIAN SPENDS AN AVERAGE OF 5 HOURS PER WEEK ON WORK FOR FRIENDS OF WOMEN'S WORLD BANKING (FWWB) AND SARITA GUPTA SPENDS AN AVERAGE OF 10 HOURS PER WEEK ON WORK FOR FWWB. ALSO SEE ATTACHMENT 1.
GENERAL EXPLANATION (F)FORM 990, PART III, LINE 1WOMEN'S WORLD BANKING ("SWWB" OR "WWB")IS A GLOBAL NETWORK COMPRISED OF 39 LEADING MICROFINANCE INSTITUTIONS FROM 27 COUNTRIES. THE NETWORK MEMBERS ARE DIVERSE IN GEOGRAPHY, SIZE AND STRUCTURE BUT UNITED IN THE FIRM BELIEF THAT MICROFINANCE MUST REMAIN COMMITTED TO WOMEN AS CLIENTS, INNOVATORS AND LEADERS. WWB WORKS WITH THESE INSTITUTIONS TO DESIGN FINANCIAL PRODUCTS AND SERVICES THAT FULFILL WOMEN'S NEEDS WHILE DEMONSTRATING THE SUSTAINABILITY AND SOCIAL IMPACT OF SERVING WOMEN. BY PROVIDING INNOVATIVE APPROACHES THAT WE CAN REPLICATE AND SCALE WE CAN PROVE THAT INVESTING IN WOMEN DIRECTLY CAN BE BOTH PROFITABLE, "PROVING THE BUSINESS CASE," AND GENERATE POSITIVE SOCIAL BENEFITS. BY INVESTING IN WOMEN WE PRODUCE A MULTIPLIER EFFECT ON THE WELL-BEING OF THEIR HOUSEHOLDS AND COMMUNITIES. WWB WORKS WITH MICROFINANCE 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 NOT CURRENTLY USED IN MICROFINANCE, WE SEEK TO GIVE WOMEN NOT ONLY ACCESS TO FINANCIAL SERVICES, BUT ALSO CONTROL OVER THEIR ASSETS. - PROVIDE INSTITUTION-STRENGTHENING SERVICES TO SUPPORT MICROFINANCE INSTITUTIONS, INCLUDING GENDER DIVERSITY INITIATIVES, AND FINANCIAL TRAINING AND SUPPORT. - DEVELOP PRINCIPLED, VISIONARY LEADERS AND MERITOCRATIC ORGANIZATIONS THROUGH ITS CENTER FOR MICROFINANCE LEADERSHIP; AND - SHARE KNOWLEDGE AND INNOVATION BY PROVIDING NETWORK MEMBERS OPPORTUNITIES TO EXCHANGE BEST PRACTICES WITH OTHER MICROFINANCE LEADERS. WWB IS THE ONLY GLOBAL NETWORK WITH AN EXPLICIT FOCUS ON WOMEN SERVING 26 MILLION CLIENTS WORLDWIDE, 80% OF WHOM ARE WOMEN WITH A $7 BILLION OUTSTANDING LOAN PORTFOLIO AND $3.5 BILLION IN SAVINGS. WOMEN'S WORLD BANKING'S MISSION 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. WOMEN'S WORLD BANKING'S 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 BELIEVES MICROFINANCE IS ABOUT MUCH MORE THAN CREDIT, AND HAS THE CAPACITY TO HELP MORE THAN ENTREPRENEURS. WWB'S RESEARCH CONFIRMS THAT THE KEY ECONOMIC PRIORITIES FOR POOR WOMEN-TO A FAR GREATER EXTENT THAN FOR MEN-CONTINUE TO BE HEALTH CARE, THE EDUCATION OF THEIR CHILDREN, AND HOUSING. ALL MFI CLIENTS, BUT PARTICULARLY WOMEN, SEEK A SAFE PLACE TO SAVE THE ASSETS THEY HAVE CREATED AND THE MEANS TO PROTECT THEM FROM CATASTROPHIC LOSS. WWB HELPS MFIS MOVE AWAY FROM A STRICTLY CREDIT-LED APPROACH TOWARD PROVIDING A BROADER ARRAY OF FINANCIAL PRODUCTS AND SERVICES, INCLUDING SAVINGS AND INSURANCE THAT HELP THE POOR BUILD FINANCIAL SAFETY NETS. THE KEY TO SUCCESS FOR THE MFIS OF THE FUTURE WILL BE OFFERING FINANCIAL PRODUCTS AND SERVICES THAT ARE DESIGNED TO MEET CLIENTS' NEEDS, MOTIVATIONS AND DESIRES.
GENERAL EXPLANATION (G)FORM 990, PART XI, LINE 5 - OTHER CHANGES IN NET ASSETS OR FUND BALANCE- FOREIGN CURRENCY TRANSLATION LOSS OF ($143,318) - PROVISION FOR UNCOLLECTIBLE GRANTS RECEIVABLE OF ($234,026) - UNREALIZED GAIN ON INVESTMENTS OF $243,266
HOURS DEVOTED FOR RELATED ORGANIZATIONFORM 990 PART VIINAME:MARY ELLEN ISKENDERIAN TITLE:PRESIDENT / CEO HOURS:5
HOURS DEVOTED FOR RELATED ORGANIZATIONFORM 990 PART VIINAME:SARITA GUPTA TITLE:VP OF COMMUNICATION AND GR HOURS:10

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII

Name Of Disregarded Entity NameOfDisregardedEntity

FieldValueIRS element (for citing)
Business Name Line1FRIENDS OF WWB USA INCBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line18 WEST 40TH STREET 10TH FLOORAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10018ZIPCode
FieldValueIRS element (for citing)
EIN133101527EIN
Primary ActivitiesSUPPORT'G ORGPrimaryActivities
Legal Domicile StateNYLegalDomicileState
Exempt Code Section501(C)(3)ExemptCodeSection
Public Charity StatusLINE 7PublicCharityStatus

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1NABusinessNameLine1

Form990 Schedule R Part III Form990ScheduleRPartIII (2 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivityPrimaryActivityLegal Domicile StateLegalDomicileStateBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Predominant Income TypePredominantIncomeTypeShare Of Total IncomeShareOfTotalIncomeShare Of EOY AssetsShareOfEOYAssetsDisproportionate AllocationsDisproportionateAllocationsCode VCodeVAmountGeneral Or Managing PartnerGeneralOrManagingPartnerPercentage OwnershipPercentageOwnership
WWB MICROFINANCE EQUITY FUND LP
8 WEST 40TH STREET 10TH FLOORNEW YORKNY10018412272155INVESTMENTDEWWB GP LLCN/A04151717false$0true1.00000
WWB ISIS FUND LP
8 WEST 40TH STREET 10TH FLOORNEW YORKNY10018999999999INVESTMENTDEWWB INVESTM LLCN/A00false$0true1.00000

Form990 Schedule R Part IV Form990ScheduleRPartIV (2 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivityPrimaryActivityLegal Domicile StateLegalDomicileStateBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Type Of EntityTypeOfEntityShare Of Total IncomeShareOfTotalIncomeShare Of EOY AssetsShareOfEOYAssetsPercentage OwnershipPercentageOwnership
WWB GP LLC
8 WEST 40TH STREET 10TH FLOORNEW YORKNY10018412272149INVESTMENTDESWWBC05897831.00000
WWB INVESTMENT LLC
8 WEST 40TH STREET 10TH FLOORNEW YORKNY10018999999999INVESTMENTDESWWBC001.00000
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents RoyaltiesfalseReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other OrgfalseGiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other OrgtrueGiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other OrgfalseLoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other OrgfalseSaleOfAssetsToOtherOrg
Purchase Of Assets From Other OrgfalsePurchaseOfAssetsFromOtherOrg
Exchange Of AssetsfalseExchangeOfAssets
Rental Of Facilities To Other OrgsfalseRentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other OrgsfalseRentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other OrgsfalsePerformOfServicesForOtherOrgs
Perform Of Services By Other OrgsfalsePerformOfServicesByOtherOrgs
Sharing Of FacilitiestrueSharingOfFacilities
Sharing Of Paid EmployeestrueSharingOfPaidEmployees
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrg
Reimbursement Paid By Other OrgtrueReimbursementPaidByOtherOrg
Other Transfer To Other OrgtrueOtherTransferToOtherOrg
Other Transfer From Other OrgfalseOtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable (3 entries)

Transaction TypeTransactionTypeAmount InvolvedAmountInvolved
FRIENDS OF WOMEN'S WORLD BANKING USA INC
1C1674421
FRIENDS OF WOMEN'S WORLD BANKING USA INC
1P132817
FRIENDS OF WOMEN'S WORLD BANKING USA INC
1q352329

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