Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART 1 LINE 1 & PART III, LINE 1 | ORGANIZATION'S MISSION - THE MISSION OF THE WOMEN'S WORLD BANKING GLOBAL NETWORK 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. OUR 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 IS THE GLOBAL NON-PROFIT DEVOTED TO GIVING MORE LOW-INCOME WOMEN ACCESS TO THE FINANCIAL TOOLS AND RESOURCES ESSENTIAL TO THEIR SECURITY AND PROSPERITY. FOR MORE THAN 30 YEARS WE HAVE WORKED WITH FINANCIAL INSTITUTIONS TO SHOW THEM THE BENEFIT OF INVESTING IN WOMEN AS CLIENTS, AND AS LEADERS. WE EQUIP THESE INSTITUTIONS TO MEET WOMEN'S NEEDS THROUGH AUTHORITATIVE MARKET RESEARCH, LEADERSHIP TRAINING, SUSTAINABLE FINANCIAL PRODUCTS AND CONSUMER EDUCATION. HEADQUARTERED IN NEW YORK, WOMEN'S WORLD BANKING WORKS WITH 49 INSTITUTIONS IN 31 COUNTRIES WITH A REACH OF MORE THAN 44 MILLION CLIENTS TO CREATE ACCESS TO FINANCE ON A GREATER SCALE THAN EVER BEFORE. WOMEN'S WORLD BANKING WORKS WITH FINANCIAL 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 IN NEW WAYS, WE SEEK TO SERVE MORE WOMEN THAN EVER BEFORE WITH THE FINANCIAL TOOLS AND RESOURCES THEY NEED. *PROVIDE INSTITUTION-STRENGTHENING SERVICES TO SUPPORT FINANCIAL INSTITUTIONS, INCLUDING GENDER DIVERSITY INITIATIVES, AND FINANCIAL TRAINING AND SUPPORT; AND. *SHARE KNOWLEDGE AND INNOVATION BY PROVIDING NETWORK MEMBERS OPPORTUNITIES TO EXCHANGE BEST PRACTICES WITH OTHER LEADERS. BY INVESTING IN WOMEN WE PRODUCE A MULTIPLIER EFFECT ON THE WELL-BEING OF THEIR HOUSEHOLDS AND COMMUNITIES. |
| FORM 990 PART VI, SECTION B, LINE 11 A/B - 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 CFAO, COO AND CEO THEN REVIEW AND APPROVE THE REVISED DRAFT RETURN. THE DRAFT IS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE. The Form 990 was not distributed to the full board of trustees PRIOR TO FILING WITH THE IRS due to the dissolution of SWWB. All assets and liabilities of SWWB was transfered to Women's World Banking. |
| FORM 990, PART VI,SECTION B, LINE 12C-CONFLICT OF INTEREST POLICY | PER THE WRITTEN CONFLICT OF INTEREST POLICY, EACH TRUSTEE AND ALL 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 TRUSTEE AND STAFF OFFICER CURRENTLY SERVING THIS ORGANIZATION. THIS POLICY IS REVIEWED ANNUALLY FOR THE INFORMATION AND GUIDANCE OF TRUSTEES 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 TRUSTEE; OR TO THE BOARD, IF THE PRESIDENT IS INVOLVED IN THE CONFLICT. WHEN A TRUSTEE 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. IN JUNE 2014, THE BOARD DELEGATED TO THE SWWB/FWWB AUDIT COMMITTEE THE ABILITY TO VOTE ON THE BOARD'S BEHALF ON ALL MATTERS RELATED TO CONFLICTS OF INTEREST, EXCEPT WHEN ONE OF THE COMMITTEE MEMBERS IS THEMSELVES CONFLICTED, IN WHICH CASE THE BOARD WILL OVERSEE THE RESOLUTION OF THE CONFLICT. |
| FORM 990, PART VI, SECTION B, LINE 15A - COMPENSATION REVIEW | STICHTING TO PROMOTE WOMEN'S WORLD BANKING ADHERES TO THE FOLLOWING POLICIES AND PROCEDURES FOR DETERMINING COMPENSATION OF THE CEO: (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 TRUSTEES 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 IN THE MINUTES. EXCLUDING THE CEO, THE COMPENSATION FOR THE OTHER OFFICERS OF THE ORGANIZATION IS REVIEWED ANNUALLY BY THE CEO OR UPON RECEIVING THE DUTIES OF AN OFFICER. THE CEO DETERMINES APPROPRIATE COMPENSATION IN COORDINATION WITH THE HUMAN RESOURCES DIRECTOR AND IN CONJUNCTION WITH THE ANNUAL PERFORMANCE ASSESSMENT. |
| FORM 990, PART VI, SECTION C, LINE 19 - DOCUMENT AVAILABILITY | SWWB PUBLISHES THROUGH ITS WEBSITE, AN ANNUAL REPORT INCLUSIVE OF FINANCIALS ALONG WITH THE PAST TWO YEARS OF 990'S AND AUDITED FINANCIAL STATEMENTS. THE FORM 990 FOR EACH OF FWWB AND SWWB IS ALSO AVAILABLE TO THE PUBLIC THROUGH THE GUIDESTAR WEBSITE. |
| FORM 990, PART XI, LINE 9 - OTHER CHANGES | REORGANIZATION OF SWWB TO WWB $ (35,551,094) As of January 1, 2018, Stichting to Promote Women's World Banking (SWWB) transferred and assigned all right, title, and interest in any and all of SWWB's assets related to its operations conducted or intended to be conducted in the future to Women's World Banking (WWB), a not-for-profit corporation organization and existing under the laws of New York. SWWB surrendered its right to do business in New York State as of July 17, 2018. WWB'S MISSION AND PURPOSE IS IDENTICAL TO SWWB. |
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