2011-02-14T13:33:56-06:00 2010-06-30 Clark Nuber PS 10900 NE 4th Street Suite 1700 Bellevue WA 98004 990 2009-07-01 820574491 GLOBAL PARTNERSHIPS GLOB 2066528773 1932 FIRST AVENUE No 400 SEATTLE WA 98101 ROBERT WRIGHT 2066528773 2011-02-14 1 Jane M Searing 4254544919 2009 2016-02-24 21:20:13Z X RICK BECKETT 1932 FIRST AVENUE No 400 SEATTLE WA 98101 4765574 0 X www.globalpartnerships.org X 2002 WA Global Partnerships (GP) expands opportunity for people living in poverty. 18 14 19 100 0 0 3472833 1710671 1622585 2225023 72279 20465 -67358 -62120 5100339 3894039 10300000 9000000 0 1434472 1665892 0 522980 1954197 2274705 13688669 12940597 -8588330 -9046558 15358601 5950396 27646690 24617703 -12288089 -18667307 GLOBAL PARTNERSHIPS (GP) EXPANDS OPPORTUNITY FOR PEOPLE LIVING IN POVERTY BY SUPPORTING MICROFINANCE AND OTHER SUSTAINABLE SOLUTIONS IN LATIN AMERICA, WHERE CLOSE TO 100 MILLION PEOPLE LIVE ON LESS THAN $2 A DAY. GP PURSUES THIS MISSION BY PARTNERING WITH SELECT MICROFINANCE INSTITUTIONS THAT PROVIDE MICROLOANS AND OTHER FINANCIAL AND SOCIAL SERVICES TO PEOPLE LIVING IN POVERTY. 0 0 12246866 9000000 2225023 GLOBAL PARTNERSHIPS (GP) INVESTS AFFORDABLE CAPITAL AND MANAGEMENT EXPERTISE IN MICROFINANCE INSTITUTIONS (MFIS) IN LATIN AMERICA THAT COMBINE A SUSTAINABLE BUSINESS MODEL WITH EXCEPTIONAL LEVELS OF SOCIAL IMPACT. OUR MICROFINANCE PARTNERS FOCUS ON SERVING PEOPLE WHO HAVE BEEN TRADITIONALLY EXCLUDED FROM THE FINANCIAL SECTOR-SUCH AS WOMEN AND THE RURAL POOR AND THEY OFTEN COMBINE MICROCREDIT WITH SERVICES SUCH AS HEALTH EDUCATION AND BUSINESS TRAINING. GP RAISES CAPITAL TO INVEST IN OUR MFI PARTNERS BY CREATING MICROFINANCE INVESTMENT FUNDS THAT COMBINE PHILANTHROPIC DOLLARS WITH SOCIALLY MOTIVATED INVESTMENT CAPITAL. AS OF JUNE 30, 2010, GP FUNDS HAD $37.7 MILLION INVESTED IN 27 MICROFINANCE INSTITUTIONS THAT REACHED 845,000 BORROWERS WITH MICROLOANS AND COMPLEMENTARY SERVICES. 12246866 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 0 0 1 61 0 1 19 1 0 1 NU 0 0 0 1 1 0 0 0 18 14 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 2.00 X X 0 0 0 DEAN C ALLEN 2.00 X X 0 0 0 STEVE DAVIS 2.00 X X 0 0 0 ROBERT WRIGHT 2.00 X X 0 0 0 PAULA CLAPP 2.00 X 0 0 0 CHRISTOPHER ALSTON 2.00 X 0 0 0 SHERILYN ANDERSON 2.00 X 0 0 0 WALTER EUYANG 2.00 X 0 0 0 MIKE T GALGON 2.00 X 0 0 0 BERT GREEN MD 2.00 X 0 0 0 GREGG JOHNSON 2.00 X 0 0 0 MATTHEW MCBRADY 2.00 X 0 0 0 EDDIE POPLAWSKI 2.00 X 0 0 0 TOM WALDRON 2.00 X 0 0 0 MAGGIE WALKER 2.00 X 0 0 0 ROB BREWSTER 2.00 X 0 0 0 DOUG BOYDEN 2.00 X 0 0 0 RICHARD ROBBINS 2.00 X 0 0 0 CURTIS FRASER 2.00 X 0 0 0 PETER TORREBIARTE 2.00 X 0 0 0 RICK BECKETT 40.00 X 200130 0 55907 GARY MULHAIR 40.00 X 199586 0 29672 MARGARET PHILIP 40.00 X 82974 0 19348 MARK COFFEY 40.00 X 0 0 0 ELIZABETH CASTLEBERRY 40.00 X 119838 0 16329 602528 0 121256 3 0 1 0 0 35000 791984 883687 212009 1710671 INTEREST ON GRANTS 900099 1999813 1999813 COMMITMENT FEES 900099 103845 103845 SERVICING FEES 900099 99767 99767 MFI FUND EXP REIMB 900099 21598 21598 2225023 15769 15769 744741 740045 4696 4696 4696 63320 791984 131490 -68170 -68170 Reimbursed Expenses 900099 6050 6050 6050 3894039 2225023 0 -41655 9000000 9000000 552879 383681 107638 61560 801643 539722 30081 231840 51501 25046 6047 20408 163415 144489 -2301 21227 96454 54805 7040 34609 47475 38865 1826 6784 45604 30227 3262 12115 264178 253830 870 9478 44762 26912 11 17839 93228 63909 1996 27323 181014 131785 10443 38786 183720 176738 382 6600 8072 4885 8 3179 1267162 1267162 29197 21212 1694 6291 44800 40601 891 3308 BANK FEES 21597 16098 361 5138 LOAN FEES 15000 15000 BUSINESS TAXES 11140 9317 387 1436 17756 2582 115 15059 12940597 12246866 170751 522980 79652 210041 12160383 4829503 2872177 726612 6977 4645 166631 123332 67013 43299 50000 50000 122399 86296 15358601 5950396 198438 181595 131641 1550000 27316611 22886108 27646690 24617703 X -15646902 -19858669 3358813 1191362 -12288089 -18667307 15358601 5950396 X 0 1 1 X 0 X 2791079 2026773 5671957 3472833 1710671 15673313 2791079 2026773 5671957 3472833 1710671 15673313 1167590 14505723 10684 104561 89847 72473 15769 293334 16253 46867 424 7866 6050 77460 16044107 5702074 0.90410 0.90860 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31192 26133 5059 98835 62793 36042 36604 34406 2198 43299 3894039 12940597 -9046558 2667340 2667340 -6379218 6937179 373445 2653903 15792 3043140 3894039 0 3894039 13316397 375800 375800 12940597 0 12940597 Part XI, Line 8 - Other Adjustments: PRINCIPAL PAYMENTS ON RECOVERABLE GRANTS: 2653903. PRESENT VALUE DISCOUNT ADJUSTMENT: 15792. FACILITY FEE AMORTIZATION: -2355. Part XII, Line 2d - Other Adjustments: PRESENT VALUE DISCOUNT ADJUSTMENT: 15792. 1 CENTRAL AMERICA AND THE CARIBBEAN 1 8 PGM SERVICES & GRANTS MANAGEMENT OF MICROFINANCE FUNDS 2944764 SOUTH AMERICA PGM SERVICES & GRANTS MANAGEMENT OF MICROFINANCE FUNDS 6025631 NORTH AMERICA PGM SERVICES & GRANTS MANAGEMENT OF MICROFINANCE FUNDS 506560 1 8 9476955 SOUTH AMERICA MICROCREDIT GRANT 900000 WIRE TRANSFER SOUTH AMERICA MICROCREDIT GRANT 500000 WIRE TRANSFER CENTRAL AMERICA AND THE CARIBBEAN MICROCREDIT GRANT 2000000 WIRE TRANSFER SOUTH AMERICA MICROCREDIT GRANT 1000000 WIRE TRANSFER SOUTH AMERICA MICROCREDIT GRANT 1000000 WIRE TRANSFER NORTH AMERICA MICROCREDIT GRANT 500000 WIRE TRANSFER SOUTH AMERICA MICROCREDIT GRANT 500000 WIRE TRANSFER SOUTH AMERICA MICROCREDIT GRANT 750000 WIRE TRANSFER SOUTH AMERICA MICROCREDIT GRANT 1250000 WIRE TRANSFER CENTRAL AMERICA AND THE CARIBBEAN MICROCREDIT GRANT 600000 WIRE TRANSFER 5 3 Procedure for Monitoring Grants Outside the U.S.: Schedule F, Part I, Line 2: ONCE THE CAPITAL IS RAISED FOR A MICROFINANCE FUND, OUR PROGRAM STAFF AND NICARAGUA-BASED FIELD TEAM WORK TOGETHER TO CONDUCT IN-DEPTH DUE DILIGENCE TO IDENTIFY MICROFINANCE INSTITUTIONS (MFI) THAT MEET OUR CRITERIA FOR FINANCIAL STABILITY AND SOCIAL IMPACT. ALL INVESTMENTS MUST BE APPROVED BY BOARD-LEVEL INVESTMENT AND SOCIAL IMPACT COMMITTEES, AND AFTER AN INVESTMENT IS MADE WE PROVIDE IN-DEPTH MONITORING OF FINANCIAL AND SOCIAL PROGRESS TO SUSTAIN AND IMPROVE BOTTOM-LINE PERFORMANCE OF OUR MICROFINANCE PARTNERS. BEYOND MICROFINANCE, GP MANAGES AN INITIATIVE TO HELP MFI PARTNERS MORE EFFECTIVELY DELIVER HIGH-IMPACT HEALTH SERVICES AND EDUCATION TO THEIR BORROWERS. BUSINESS OF HOPE LUNCHEON 855304 791984 63320 2487 14702 47431 66870 855304 791984 63320 2487 14702 47431 66870 131490 -68170 X X X X 0 0 0 0 0 0 0 0 0 RICK BECKETT 199500 0 0 0 630 0 31970 0 23937 0 256037 0 0 0 GARY MULHAIR 196980 0 0 0 2606 0 11970 0 17702 0 229258 0 0 0 ROOTS AND WINGS GP MICROFINANCE FUND X 350000 350000 0 1 1 STEVE DAVIS GP MICROFINANCE FUND X 100000 100000 0 1 1 V MEISENBACH GP MICROFINANCE FUND X 100000 100000 0 1 1 THE SEATTLE INTERNATIONAL FOUNDATION GP MICROFINANCE FUND X 1000000 1000000 0 1 1 1550000 BOAT STREET LANDING LLC SEE SCHEDULE O 152999 SEE SCH O 0 X 4 205668 cost or selling price X EVENT EXPENSES 3 6341 FAIR MARKET VALUE 0 0 1 0 Method for Determining Number of Contributors: Part I, Column (b): THE NUMBER OF CONTRIBUTIONS IS EQUAL TO THE NUMBER OF UNIQUE DONORS. 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 CEO and the 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 Finance Committee, a sub committee of the Board of Directors, for review and approval. The Treasurer of the Board of Directors signs the Form 990. Form 990, Part VI, Section B, line 12c ANNUAL 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 VP 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 FINANCE COMMITTEE, A SUB COMMITTEE OF THE BOARD OF DIRECTORS. AN INDEPENDENT BOARD REVIEW OF COMPENSATION IS CONDUCTED FOR THE CHIEF EXECUTIVE OFFICER'S POSITION. Form 990, Part VI, Section C, line 19 The annual report, audited financials, and the Form 990 are posted on the organization's website. FORM 990, PART I, LINE 6 EXPLANATION OF VOLUNTEERS: GLOBAL PARTNERSHIPS RELIED ON VOLUNTEER HOURS FROM OVER 100 INDIVIDUALS IN FISCAL YEAR 2010. OUR MOST SIGNIFICANT VOLUNTEER SUPPORT COMES FROM OUR BOARD OF DIRECTORS, WHICH CONSISTED OF 18 INDIVIDUALS WHO VOLUNTEERED THEIR LEADERSHIP EXPERTISE TO GLOBAL PARTNERSHIPS OVER THE COURSE OF FISCAL YEAR 2010. IN ADDITION TO THE BOARD OF DIRECTORS, 7 MEMBERS OF THE LEADERSHIP COUNCIL PROVIDED ADDITIONAL SUPPORT TO THE ORGANIZATION. BEYOND THE LEADERSHIP OF THE ORGANIZATION, THERE WERE APPROXIMATELY 58 VOLUNTEERS WHO ASSISTED US WITH THE PREPARATION FOR AND EXECUTION OF OUR ANNUAL BUSINESS OF HOPE LUNCHEON IN OCTOBER 2009. THE EVENT WAS ATTENDED BY MORE THAN 1,100 GUESTS AND RAISED MORE THAN $850,000 FOR OUR PROGRAMS, A SIGNIFICANT SOURCE OF FUNDRAISING FOR THE ORGANIZATION. GLOBAL PARTNERSHIPS WOULD NOT BE ABLE TO ACCOMPLISH SUCH A SUCCESS WITHOUT VOLUNTEER SUPPORT FOR EVENT PLANNING, PRE-EVENT PREPARATION OF MATERIALS, DAY-OF COORDINATION, AND POST-EVENT CLEAN-UP. OUR VOLUNTEERS ASSISTED US THROUGHOUT THE YEAR WITH GENERAL OFFICE SUPPORT, WHICH INCLUDED HELPING WITH MAILING PROJECTS, STAFFING GLOBAL PARTNERSHIPS INFORMATION TABLES AT EVENTS, PREPARING FOR THE SOCIAL INVESTMENT FORUM, AND DATA ENTRY. ONE VOLUNTEER DEDICATED A SIGNIFICANT AMOUNT OF TIME TO RESEARCHING THE MICROFINANCE INVESTMENT MARKET. ANOTHER VOLUNTEER ASSISTED THE DIRECTOR OF INVESTMENT MONITORING IN DEVELOPING A DATABASE TO MONITOR OUR INVESTMENT FUNDS. FINALLY, GLOBAL PARTNERSHIPS BENEFITED FROM THE EXPERTISE OF A LEGAL VOLUNTEER TO ASSIST WITH ANALYZING AND CREATING LEGAL DOCUMENTS AS THEY RELATE TO THE ORGANIZATION. SCHEDULE L, PART IV, COLUMN B BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS COMPANY OWNED BY WILLIAM H. CLAPP, CHAIRMAN SCHEDULE L, PART IV, COLUMN D BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS GLOBAL PARTNERSHIPS LEASES ITS OFFICE SPACE FROM A COMPANY THAT WILLIAM CLAPP OWNS. GLOBAL PARTNERSHIPS TERMINATED THE LEASE AND MOVED INTO A NEW LOCATION IN JANUARY 2011. HOWEVER, DURING THE TIME THE LEASE WAS IN EFFECT, THE RENT AMOUNT WAS BELOW MARKET VALUE AS DETERMINED BY AN INDEPENDENT COMMERCIAL REAL ESTATE BROKER'S MARKET ANALYSIS. GP FUND MANAGEMENT LLC 1932 FIRST AVENUE SUITE 400 SEATTLE WA 98101 203550156 FUND MANAGEMENT DE 310267 16403 N/A GP MICROFINANCE FUND 2005 LLC 1932 FIRST AVENUE SUITE 400 SEATTLE WA 98101 203550130 FUND & MANAGE MICROFINANCE GRANTS DE 784636 61526 N/A GP MICROFINANCE FUND 2006 LLC 1932 FIRST AVENUE SUITE 400 SEATTLE WA 98101 208219947 FUND & MANAGE MICROFINANCE GRANTS DE 2521591 429578 N/A GP MICROFINANCE FUND 2008 LLC 1932 FIRST AVENUE SUITE 400 SEATTLE WA 98101 263382695 FUND & MANAGE MICROFINANCE GRANTS DE 1311038 573128 N/A