2011-08-12T09:55:29-05:00 2010-12-31 KPMG LLP 345 Park Avenue New York NY 101540102 990 2010-01-01 133118378 STICHTING TO PROMOTE WOMENS WORLD BANKING STIC 2127688513 8 WEST 40TH STREET 10TH FLOOR NEW YORK NY 10018 MARY ELLEN ISKENDERIAN 2127688513 2011-08-08 true KPMG LLP 2127589700 2010 2016-02-24 21:20:13Z MARY ELLEN ISKENDERIAN 8 WEST 40TH STREET NEW YORK NY 10018 6057169 false X WWW.SWWB.ORG X 1979 NY SWWB'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. 10 9 41 18 0 0 15051608 4835552 865348 1125882 171354 73164 65945 22571 16154255 6057169 120000 2396650 0 0 3930354 4102903 0 0 870236 3485157 5123220 7535511 11622773 8618744 -5565604 32199848 26162197 1497754 1159785 30702094 25002412 SEE SCHEDULE O GENERAL EXPLANATION (F). false false 3462419 1003591 INSTITUTIONAL 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. 6147603 2396650 122291 FUNCTIONAL 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. 9610022 false true false true false false false false true true true true false false true false true false false true true false false false false false false false true false false false false false false false true false false false false false true true true false true 24 0 true 41 true false false false false true true false false false false false X 10 9 false false false false false false false true true false false true true true true true true true true false NY X X MARY ELLEN ISKENDERIAN 2125563154 8 WEST 40TH ST 10TH FLOOR NEW YORK NY 10018 X INGER ELISABETH PREBENSEN 5.0 X 0 0 0 JENNIFER RIRIA 5.0 X 0 0 0 MARY HOUGHTON 5.0 X X 0 0 0 CLARA SERRA DE AKERMAN 5.0 X X 0 0 0 MARILOU VAN GOLSTEIN BROUWERS 5.0 X 0 0 0 HUMAIRA ISLAM 5.0 X 0 0 0 DIANA MEDMAN 5.0 X 0 0 0 SHEILA HOODA 5.0 X 0 0 0 SUZANNE NORA JOHNSON 5.0 X 0 0 0 ROSHANEH ZAFAR 5.0 X 0 0 0 MARY ELLEN ISKENDERIAN 35.0 X 320766 22209 12273 TOM JONES 40.0 X 102940 0 10059 CECILLE ZACARIAS 40.0 X 144845 0 23255 INEZ MURRAY 40.0 X 160950 0 7957 SARITA GUPTA 30.0 X 132486 38508 17963 HANS DELLIEN 40.0 X 150251 0 23235 GIL LACSON 40.0 X 130446 0 22662 KATHRYN MAYER 40.0 X 125000 0 0 ANNA GINCHERMAN 40.0 X 123878 0 10669 JAMES WEI 40.0 X 109500 0 22124 1501062 60717 150197 10 false true false MCKINSEY AND CO INC 55 East 52nd Street New York MA 10055 PROGRAM CONSULTING 410000 MONITOR INSTITUTE 25 First Street Cambridge MA 02141 STRATEGIC PLAN CONSU 260000 WHARTON SCHOOL 2103 Steinberg Hall-Dierich Hall Philadelphia PA 191046370 PROGRAM CONSULTING 178550 DAVID GOUGH 505 Court Street 7A BROOKLYN NY 11231 PROGRAM CONSULTING 143400 PBR EXECUTIVE SEARCH 56 TIEMANN PLACE NEW YORK NY 10027 CONSULTING 139889 17 1674421 2636280 524851 0 4835552 COST SHARING AND WORKSHOP FEES 900099 97120 97120 CONSULTING REVENUE 541900 1003591 1003591 MEMBERSHIP DUES 900099 25171 25171 1125882 73164 73164 0 0 0 0 0 0 OTHER REVENUE 900099 22571 22571 22571 6057169 1125882 0 95735 0 0 2396650 2396650 0 713243 502915 113220 97108 0 2674775 1886010 424594 364171 101000 71216 16033 13751 340385 240009 54033 46343 273500 192848 43415 37237 0 29875 18241 6534 5100 73600 44940 16096 12564 0 0 159 159 2853084 2617666 219246 16172 0 345659 211082 75584 58993 0 0 698330 426447 152701 119182 1023948 952000 952 70996 0 0 0 0 30211 18449 6606 5156 0 PRINTING PRODUCTION & VIDEO 68354 31549 13342 23463 11622773 9610022 1142515 870236 8470551 3665784 17105272 3840136 5577237 5300051 130183 23119 49200 3444 347145 327674 36256 19471 810443 9078519 0 4151717 20706 79956 32199848 26162197 967254 564110 530500 595675 1497754 1159785 X 1890492 226088 12216346 8181068 16595256 16595256 30702094 25002412 32199848 26162197 X -5565604 -134078 X false true true X false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true true false 16573325 316271 294340 16595256 16595256 -21931 0 16573325 31152887 -12657631 1900000 16595256 1.00000 false false 62010 59625 2385 285135 268049 17086 19471 ALTERNATIVE INVESTMENTS 9078519 F 9078519 LOAN GUARANTEE - A PROGRAM 4151717 C 4151717 0 0 6057169 11622773 -5565604 243266 -1148677 -905411 -6471015 5982324 243266 596699 -914651 -74686 6057010 159 159 6057169 12453339 596699 234026 830725 11622614 159 159 11622773 SUPPLEMENTAL INFORMATION 1 SCHEDULE 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 2 SCHEDULE 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 3 SCHEDULE 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. true East Asia and the Pacific 0 0 Program Services IDP/FPS - 990,PART III 487143 Europe (Including Iceland and Greenland) 0 0 Program Services IDP/FPS - 990,PART III 123202 Middle East and North Africa 0 0 Program Services IDP/FPS - 990,PART III 554047 South America 0 0 Program Services IDP/FPS - 990,PART III 1294695 South Asia 0 0 Program Services IDP/FPS - 990,PART III 371270 Sub-Saharan Africa 0 0 Program Services IDP/FPS - 990,PART III 704392 Middle East and North Africa 0 0 Grantmaking 702300 South America 0 0 Grantmaking 1064350 Sub-Saharan Africa 0 0 Grantmaking 630000 South Asia 0 0 Investments 589783 Europe (Including Iceland and Greenland) 0 0 Fundraising 972086 0 0 0 0 7493268 7493268 Middle East/North Africa SEE PART V 20000 WIRE Cent. America/Caribbean SEE PART V 573750 WIRE Middle East/North Africa SEE PART V 630000 WIRE South America SEE PART V 682300 WIRE South America SEE PART V 480000 WIRE South America SEE PART V 10600 WIRE 0 6 false false false false false false SUPPLEMENTAL INFORMATION 1 SCHEDULE F, PART I, LINE 2 - MONITORING GRANTS OUTSIDE THE US THE 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 2 SCHEDULE 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. X X X X false false false false false false false false MARY ELLEN ISKENDERIAN 320766 22209 0 0 0 0 11411 0 862 0 333039 22209 0 0 CECILLE ZACARIAS 144845 0 0 0 0 0 5329 0 17926 0 168100 0 0 0 INEZ MURRAY 160950 0 0 0 0 0 5430 0 2527 0 168907 0 0 0 SARITA GUPTA 132486 38508 0 0 0 0 0 0 17963 0 150449 38508 0 0 HANS DELLIEN 150251 0 0 0 0 0 5319 0 17916 0 173486 0 0 0 GIL LACSON 130446 0 0 0 0 0 4786 0 17876 0 153108 0 0 0 ROSHANEH ZAFAR BOARD MEMBER 589783 INVESTMENT IN KASHF SHARES false SUPPLEMENTAL INFORMATION 1 SCHEDULE L, PART IV - "BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS" STICHTING TO PROMOTE WOMENS WORLD BANKING (SWWB) HAS AN INVESTMENT IN KASHF MICROFINANCE BANK (KASHF) OF WHICH ROSHANEH ZAFAR, A BOARD MEMBER, IS THE PRESIDENT. 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 VII IN 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 1 WOMEN'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 ORGANIZATION FORM 990 PART VII NAME:MARY ELLEN ISKENDERIAN TITLE:PRESIDENT / CEO HOURS:5 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:SARITA GUPTA TITLE:VP OF COMMUNICATION AND GR HOURS:10 FRIENDS OF WWB USA INC 8 WEST 40TH STREET 10TH FLOOR NEW YORK NY 10018 133101527 SUPPORT'G ORG NY 501(C)(3) LINE 7 NA WWB MICROFINANCE EQUITY FUND LP 8 WEST 40TH STREET 10TH FLOOR NEW YORK NY 10018 412272155 INVESTMENT DE WWB GP LLC N/A 0 4151717 false 0 true 1.00000 WWB ISIS FUND LP 8 WEST 40TH STREET 10TH FLOOR NEW YORK NY 10018 999999999 INVESTMENT DE WWB INVESTM LLC N/A 0 0 false 0 true 1.00000 WWB GP LLC 8 WEST 40TH STREET 10TH FLOOR NEW YORK NY 10018 412272149 INVESTMENT DE SWWB C 0 589783 1.00000 WWB INVESTMENT LLC 8 WEST 40TH STREET 10TH FLOOR NEW YORK NY 10018 999999999 INVESTMENT DE SWWB C 0 0 1.00000 false false true false false false false false false false false false true true false true true false FRIENDS OF WOMEN'S WORLD BANKING USA INC 1C 1674421 FRIENDS OF WOMEN'S WORLD BANKING USA INC 1P 132817 FRIENDS OF WOMEN'S WORLD BANKING USA INC 1q 352329