2023-10-17T12:11:54-05:00 2023-06-30 521022232 SNYDER COHN PC 11200 ROCKVILLE PIKE SUITE 415 NORTH BETHESDA MD 20852 990 2022-07-01 421559999 WORLD BANK COMMUNITY CONNECTIONS FUND WORL 2024733030 1818 H STREET NW MSN MC-9-912 WASHINGTON DC 204330001 LINDSEY BUSS EXECUTIVE OFFICER 2024733030 2023-10-16 1 LINDSEY BUSS XXX-XX-XXXX 0 KEITH JENNINGS P01319883 3016526700 2023-10-16 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z LINDSEY BUSS 1818 H STREET NW MSN MC-9-912 WASHINGTON DC 204330001 482566 0 X N/A X 2002 DE WBCCF GENERAL FUND AWARDS CONTRIBUTIONS TO NONPROFITS SERVING NEEDY COMMUNITIES IN DC REGION. 9 9 0 100 0 0 576489 478614 0 0 1802 3952 0 0 578291 482566 510200 340900 0 0 0 0 0 0 0 40727 45009 550927 385909 27364 96657 581650 377707 300600 0 281050 377707 TO PROVIDE THE WORLD BANK GROUP EMPLOYEES AND RETIREES WITH AN OPPORTUNITY TO SUPPORT NONPROFIT ORGANIZATIONS THAT WORK TO IMPROVE THE QUALITY OF LIFE OF PEOPLE AND COMMUNITIES. 0 0 340900 340900 THE PRIMARY FINANCIAL ACTIVITY OF THE WORLD BANK COMMUNITY CONNECTIONS FUND (WBCCF) IN FISCAL YEAR 2023 WAS THE ALLOCATION OF FUNDS DESIGNATED TO ITS WBCCF GENERAL FUND VIA THE WORLD BANK GROUP'S ANNUAL WORKPLACE GIVING PROGRAM - THE COMMUNITY CONNECTIONS CAMPAIGN (CCC). THE WBCCF BOARD OF DIRECTORS AWARDED A TOTAL OF $300,000 IN SPECIAL GRANTS TO THREE NONPROFIT ORGANIZATIONS ON THE CCC LIST, WHICH ARE PUBLIC CHARITIES EXEMPT UNDER IRS SECTION 501(C)(3). WBCCF DID NOT DERIVE ANY REVENUE SUCH AS FEES FOR SERVICES OR SALES OF GOODS DIRECTLY FROM THIS ACTIVITY. 340900 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X LINDSEY BUSS 2024733030 1818 H STREET NW MSN MC-9-912 WASHINGTON DC 20433 X CLARE EVANS PRESIDENT 3.00 X X 0 0 0 GAIL DAVENPORT SECRETARY 2.00 X X 0 0 0 SHEILA REDZEPI TREASURER 1.00 X X 0 0 0 MERLI BAROUDI BOARD MEMBER 1.00 X 0 0 0 ANIS DANI BOARD MEMBER 1.00 X 0 0 0 TALIB ESMAIL BOARD MEMBER 1.00 X 0 0 0 CLAY LIN BOARD MEMBER 1.00 X 0 0 0 MARDELL MOFFET BOARD MEMBER 1.00 X 0 0 0 EMMANUEL NYIRINKINDI BOARD MEMBER 1.00 X 0 0 0 ALYOSIUS ORDU BOARD MEMBER UNTIL 12-6-22 1.00 X 0 0 0 LINDSEY BUSS EXECUTIVE OFFICER 10.00 X 0 0 0 0 0 0 0 0 0 0 0 251988 226626 478614 3952 3952 482566 0 0 3952 340900 340900 22750 22750 1082 1082 1319 1319 DUES & INVOICES 17004 17004 MERCHANT FEES 1444 1444 LICENSES, FEES & TAXES 1410 1410 385909 340900 45009 0 569365 370423 12285 7284 581650 377707 600 0 300000 0 300600 0 X 236050 327707 45000 50000 281050 377707 581650 377707 96657 0 X X 0 1 X 1 0 X 8210228 887387 767579 576489 478614 10920297 8210228 887387 767579 576489 478614 10920297 10920297 8658 16667 9097 1712 3952 40086 10960383 0.99630 0.99790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 680895 198329 198329 482566 0 482566 584238 198329 198329 385909 0 385909 PART X, LINE 2: WBCCF ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX EFFECT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR UNCERTAIN TAX POSITIONS. INTEREST AND PENALTIES, IF ANY, ARE ACCRUED AS A COMPONENT OF GENERAL AND ADMINISTRATIVE EXPENSES WHEN ASSESSED. WBCCF IS A NOT FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. SIMILAR TO OTHER TAX-EXEMPT ORGANIZATIONS, WBCCF IS SUBJECT TO TAX ON UNRELATED BUSINESS INCOME. TAX YEARS PRIOR TO 2020 ARE NO LONGER SUBJECT TO EXAMINATION BY THE IRS OR THE TAX JURISDICTION OF THE DISTRICT OF COLUMBIA. 1 CALVARY WOMEN'S SERVICES 1217 GOOD HOPE ROAD SE WASHINGTON DC 20020 521307706 501(C)(3) 100000 0 TO SUPPORT ORGANIZATION'S OVERALL CHARITABLE MISSION VIA ITS CAPITAL CAMPAIGN COVENANT HOUSE GREATER WASHINGTON 2001 MISSISSIPPI AVENUE SE WASHINGTON DC 20020 133537709 501(C)(3) 100000 0 TO SUPPORT ORGANIZATION'S OVERALL CHARITABLE MISSION VIA ITS CAPITAL CAMPAIGN SITAR ARTS CENTER 1700 KALORAMA ROAD 101 WASHINGTON DC 20009 522113471 501(C)(3) 100000 0 TO SUPPORT ORGANIZATION'S OVERALL CHARITABLE MISSION VIA ITS CAPITAL CAMPAIGN PARTNERS FOR DEVELOPMENT 8720 GEORGIA AVENUE SUITE 906 SILVER SPRING MD 20910 522003212 501(C)(3) 40000 0 CHARITABLE CONTRIBUTION IN SUPPORT OF OVERALL MISSION. 4 PART I, LINE 2: WBCCF AWARDS SPECIAL CHARITABLE CONTRIBUTIONS AND SPECIAL GRANTS TO ELIGIBLE 501(C)(3) NONPROFIT ORGANIZATIONS THAT ARE SERVING THE MOST NEEDY COMMUNITIES IN THE WASHINGTON, DC METROPOLITAN REGION FROM ITS WBCCF GENERAL FUND. GENERALLY, ALTHOUGH NOT EXCLUSIVELY, THE NONPROFIT ORGANIZATIONS ARE PARTICIPANTS IN THE WORLD BANK GROUP'S ANNUAL COMMUNITY CONNECTIONS CAMPAIGN, WHICH RAISES DONATIONS FROM WORLD BANK GROUP STAFF AND RETIREES TO SUPPORT THEIR OVERALL CHARITABLE MISSIONS. CAMPAIGN ORGANIZATIONS ARE NOMINATED BY BANK GROUP EMPLOYEES AND RETIREES THEMSELVES. THE WBCCF BOARD OF DIRECTORS ANNUALLY REVIEWS AND SETS THE CAMPAIGN ORGANIZATION CRITERIA, AND WORLD BANK GROUP COMMUNITY OUTREACH STAFF MAINTAIN A SYSTEM OF DUE DILIGENCE TO ENSURE THAT ORGANIZATIONS CONTINUE TO MEET THOSE CRITERIA. ALLOCATIONS OF SPECIAL CHARITABLE CONTRIBUTIONS FROM THE WBCCF GENERAL FUND MAY BE AWARDED BY THE WBCCF BOARD OF DIRECTORS IN RECOGNITION OF THE ORGANIZATIONS' OVERALL CHARITABLE MISSIONS. SPECIAL GRANTS TO SUPPORT ORGANIZATIONS' SPECIFIC PROGRAM/PROJECT PURPOSES MAY ALSO BE AWARDED, THE TERMS OF WHICH ARE SET OUT IN A SIGNED GRANT AGREEMENT BETWEEN WBCCF AND THE NONPROFIT ORGANIZATION. IN THESE LATTER CASES, WBCCF REQUIRES A FINAL REPORT FROM GRANTEES ON THE OUTCOMES AND THE ACTIVITIES FOR WHICH GRANT ASSISTANCE WAS APPROVED, INCLUDING A FINANCIAL ACCOUNTING OF THE USE OF THE GRANT FUNDS. THE CHARITABLE CONTRIBUTION TO PARTNERS FOR DEVELOPMENT (PFD) LISTED ABOVE REPRESENTS A ONE-OFF CIRCUMSTANCE IN WHICH A DONOR TO THE COMMUNITY CONNECTIONS CAMPAIGN (CCC) MISTAKENLY MADE A DONATION TO THE WORLD BANK COMMUNITY CONNECTIONS FUND - INSTEAD OF PFD. PFD WAS THE INTENDED RECIPIENT OF THE $40,000 DONATION, AND IT WAS AN APPROVED ORGANIZATION FOR THE FY23 CCC. THE WORLD BANK COMMUNITY CONNECTIONS FUND SUBSEQUENTLY ON-GRANTED THIS DONATION TO THE INTENDED CCC BENEFICIARY. FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL FORM 990 IS PREPARED BY OUTSIDE ACCOUNTANTS. VOLUNTEER STAFF OF WBCCF REVIEWS THE DRAFT FORM 990 WITH THE BOARD OF DIRECTOR'S AUDIT COMMITTEE. A COPY OF THE FINAL DRAFT FORM 990 IS DISTRIBUTED TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS AND VOLUNTEER STAFF OF WBCCF CERTIFY ANNUALLY ANY POTENTIAL CONFLICTS OF INTEREST BY SIGNING A CONFLICT OF INTEREST DISCLOSURE STATEMENT. DIRECTORS AND VOLUNTEER STAFF ARE OTHERWISE RESPONSIBLE FOR INFORMING THE BOARD OF DIRECTORS OF ANY OTHER POTENTIAL FOR CONFLICT THAT MIGHT ARISE DURING THE COURSE OF THE YEAR. SHOULD A POTENTIAL CONFLICT OF INTEREST ARISE IN A TRANSACTION OF THE BOARD OF DIRECTORS OR A COMMITTEE THEREOF, UPON FIRST KNOWLEDGE, THE INTERESTED PERSON IS REQUIRED TO DISCLOSE THE EXISTENCE AND NATURE OF HIS/HER INVOLVEMENT IN SUCH TRANSACTION AS SOON AS POSSIBLE OR PRACTICAL. UPON DISCLOSURE, THE INTERESTED PERSON MAY NOT PARTICIPATE IN CONSIDERATION OF THE TRANSACTION, EXCEPT TO ANSWER QUESTIONS PRIOR TO ITS CONSIDERATION, AND DOES NOT VOTE ON THE TRANSACTION. THE BOARD OF DIRECTORS OR COMMITTEE THEN DETERMINES WHETHER THE TRANSACTION OR ARRANGEMENT IS STILL IN WBCCF'S BEST INTERESTS. THE MINUTES OF THE BOARD OF DIRECTORS OR COMMITTEE CONSIDERING THE TRANSACTION INVOLVING AN INTERESTED PERSON CONTAIN: THE NAME OF THE INTERESTED PERSON WHO DISCLOSED A POTENTIAL CONFLICT OF INTEREST; THE NATURE OF THE INTEREST IN THE TRANSACTION; A RECORD OF ANY DETERMINATION AS TO WHETHER THE TRANSACTION WAS IN THE BEST INTEREST OF WBCCF, ALONG WITH THE SPECIFIC REASONS SUPPORTING SUCH A DETERMINATION; AND THE NAMES OF THE PERSONS WHO WERE PRESENT FOR THE DISCUSSIONS ON THE TRANSACTION. IF ANY BOARD OF DIRECTORS, COMMITTEE, OR VOLUNTEER STAFF HAS CAUSE TO BELIEVE THAT AN INTERESTED PERSON HAS NOT DISCLOSED AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST, HE/SHE INFORMS THE INTERESTED PERSON OF SUCH A BELIEF AND GIVES HIM/HER A CHANCE TO EXPLAIN THAT ALLEGED FAILURE TO DISCLOSE. IF, UPON FURTHER INVESTIGATION, IT IS DETERMINED THAT THE INTERESTED PERSON HAS FAILED TO DISCLOSE, THE PRESIDENT OF THE BOARD OF DIRECTORS IS INFORMED IMMEDIATELY, AND THE BOARD OF DIRECTORS TAKES APPROPRIATE DISCIPLINARY OR CORRECTIVE ACTION, INCLUDING POSSIBLY RECONSIDERING WHETHER THE TRANSACTION REMAINS IN THE BEST INTEREST OF WBCCF AND/OR RECOMMENDING REMOVAL OF THE INTERESTED PERSON FROM THE BOARD OF DIRECTORS OR COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 WBCCF DOES NOT HAVE ANY COMPENSATED OFFICERS, DIRECTORS, TRUSTEES, OR EMPLOYEES. APPROPRIATE POLICIES WOULD BE EMPLOYED IN THE EVENT OF HIRING ANY EMPLOYEES OR PROVIDING COMPENSATION TO OFFICERS, DIRECTORS, TRUSTEES, OR KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 WBCCF MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST AND WHISTLEBLOWER POLICIES AVAILABLE TO THE PUBLIC UPON REQUEST. WBCCF POSTS ITS AUDITED FINANCIAL STATEMENTS, FEDERAL FORM 990 AND A NARRATIVE ANNUAL REPORT ON THE WEBSITE OF THE WORLD BANK GROUP'S COMMUNITY OUTREACH PROGRAM, AND ALSO MAKES THESE DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES FROM THE PRIOR YEAR.