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International : Development and Relief Services

Worldwide Foundation for Credit Unions

Assisting credit union systems and members

three stars

86.84

5710 Mineral Point Road Madison, WI 53705
tel: (608) 395-2000   Web Site
EIN: 39-6093210

Board Leadership
Bill Cheney
Chair

CEO
Brian Branch
President, CEO

 
 
  Score
(out of 100)
Rating
Overall Score & Rating 86.84 three stars
  Financial 89.00 three stars
  Accountability & Transparency 85.00 three stars
This rating was published 06/01/2019 and includes data from FY2017, the most recent 990 received at that time.

The Worldwide Foundation for Credit Unions is the official fundraising and gift-receiving organization for the World Council of Credit Unions (WOCCU). WOCCU is the global trade association and development agency for credit unions. WOCCU promotes the sustainable development of credit unions and other financial cooperatives around the world to empower people through access to high quality and affordable financial services. WOCCU advocates on behalf of the global credit union system before international organizations and works with national governments to improve legislation and regulation. Its technical assistance programs introduce new tools and technologies to strengthen credit unions' financial performance and increase their outreach.

The Worldwide Foundation for Credit Unions is the official fundraising and gift-receiving organization for the World Council of Credit Unions (WOCCU). WOCCU is the global trade association and development agency for credit unions. WOCCU promotes the sustainable development of credit unions and other financial cooperatives around the world to empower people through access to high quality and affordable financial services. WOCCU advocates on behalf of the global credit union system before international organizations and works with national governments to improve legislation and regulation. Its technical assistance programs introduce new tools and technologies to strengthen credit unions' financial performance and increase their outreach.

Impact Information

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Financial

three stars

89.00

Accountability & Transparency

three stars

85.00

This rating was published 06/01/2019 and includes data from FY2017, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
81.5%
  Administrative Expenses 14.0%
  Fundraising Expenses 4.3%
  Fundraising Efficiency $0.06
  Working Capital Ratio (years) 0.28
  Program Expenses Growth 11.4%
  Liabilities to Assets 26.5%
All data for Financial Performance Metrics calculations was provided by Worldwide Foundation for Credit Unions on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Worldwide Foundation for Credit Unions on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Worldwide Foundation for Credit Unions (WI) 86.84 three stars
International Institute of Rural Reconstruction (IIRR) (NY) 90.00 four stars
Operation Bootstrap Africa (MN) 95.15 four stars
Grassroots International (MA) 90.84 four stars
Give2Asia (CA) 85.57 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,462,145
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $1,462,145
   Program Service Revenue $1,197,095
Total Primary Revenue $2,659,240
   Other Revenue $0
TOTAL REVENUE $2,659,240
   
EXPENSES  
   Program Expenses $2,247,456
   Administrative Expenses $302,938
   Fundraising Expenses $87,707
TOTAL FUNCTIONAL EXPENSES $2,638,101
   
Payments to Affiliates $0
Excess (or Deficit) for the year $21,139
   
Net Assets $592,979

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Credit for Agriculture Producers Project $1,092,295 48.6%
Education $554,606 24.7%
Technical Assistance $386,689 17.2%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-12 06/01/2019 86.84 three stars
2016-12 05/01/2018 80.39 three stars
2015-12 07/01/2017 84.25 three stars
2014-12 06/01/2016 82.49 three stars
 
CN 2.0
2014-12 02/01/2016 83.26 three stars
2013-12 06/01/2015 87.74 three stars
2012-12 12/20/2013 86.42 three stars
2011-12 02/01/2013 89.44 three stars
2010-12 09/01/2012 89.58 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 39-6093210
Name in IRS Master File WORLDWIDE FOUNDATION FOR CREDIT UNIONS INC
NTEE Code Q12
NTEE Classification Fund Raising and/or Fund Distribution
NTEE Type International, Foreign Affairs and National Security
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (161) Scientific research (diseases)
(180) Contact or sponsored scientific research for industry
(59) Other school related activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date July, 1966
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
  • December, 2012
Compensation % of Expenses Paid to Title Compensation from Affiliates
Not compensated -- Brian Branch President, CEO $352,720

Highly Rated

Charity Name & State Overall Score Overall Rating
Worldwide Foundation for Credit Unions (WI) 86.84 three stars
Partners Worldwide (MI) 94.18 four stars
Outreach International (MO) 98.00 four stars
World Neighbors (OK) 90.97 four stars
buildOn (CT) 95.84 four stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Worldwide Foundation for Credit Unions
5710 Mineral Point Road
Madison, WI 53705
tel: (608) 395-2000
fax: (608) 395-2001
EIN: 39-6093210

Visit Web Site

Board Leadership

Bill Cheney
Chair

CEO

Brian Branch
President, CEO

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