Civic Intelligence

World Bicycle Relief Nfp

990 • Fiscal year 2017 • EIN 20-5080679

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 09, 2018

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1000 West Fulton MarketChicago, IL 60607

(312) 664-3604

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

32nd percentile

0.05x

Higher debt load relative to assets than 32% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

20th percentile

0.04x

Higher debt load relative to revenue than 20% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

14th percentile

-15%

Higher net margin than 14% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

82nd percentile

$238,437

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

5th percentile

-16%

Faster asset growth than 5% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

39th percentile

1.1%

Faster revenue growth than 39% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Down

$6,580,473

Down $1,222,607 (-16%) from 2016

Net Assets

Down

$6,247,503

Down $1,228,277 (-16%) from 2016

Liabilities

Up

$332,970

Up $5,670 (+1.7%) from 2016

Revenue

Up

$7,934,173

Up $85,572 (+1.1%) from 2016

Expenses

Up

$9,162,450

Up $3,055,612 (+50%) from 2016

Net Income

Down

-$1,228,277

Down $2,970,040 (-171%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $2,761,062Liabilities 2010: $345,667Net Assets 2010: $2,415,3952010Assets 2011: $4,091,122Liabilities 2011: $746,724Net Assets 2011: $3,344,3982011Assets 2012: $4,674,855Liabilities 2012: $266,125Net Assets 2012: $4,408,7302012Assets 2013: $6,242,280Liabilities 2013: $569,006Net Assets 2013: $5,673,2742013Assets 2014: $8,055,719Liabilities 2014: $756,481Net Assets 2014: $7,299,2382014Assets 2015: $6,157,967Liabilities 2015: $446,969Net Assets 2015: $5,710,9982015Assets 2016: $7,803,080Liabilities 2016: $327,300Net Assets 2016: $7,475,7802016Assets 2017: $6,580,473Liabilities 2017: $332,970Net Assets 2017: $6,247,5032017Assets 2018: $6,070,923Liabilities 2018: $244,755Net Assets 2018: $5,826,1682018Assets 2019: $6,796,861Liabilities 2019: $947,175Net Assets 2019: $5,849,6862019Assets 2020: $9,936,422Liabilities 2020: $367,854Net Assets 2020: $9,568,5682020Assets 2021: $12,872,204Liabilities 2021: $240,399Net Assets 2021: $12,631,8052021Assets 2022: $12,804,362Liabilities 2022: $386,226Net Assets 2022: $12,418,1362022Assets 2023: $13,342,292Liabilities 2023: $2,310,489Net Assets 2023: $11,031,8032023Assets 2024: $10,289,972Liabilities 2024: $2,861,571Net Assets 2024: $7,428,4012024

Highlighted filing

2017

Assets$6,580,473
Liabilities$332,970
Net Assets$6,247,503

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MRevenue 2010: $2,181,154Expenses 2010: $1,505,772Net Income 2010: $675,3822010Expenses 2011: $3,495,3312011Expenses 2012: $4,029,4472012Revenue 2013: $5,369,170Expenses 2013: $4,157,768Net Income 2013: $1,211,4022013Revenue 2014: $7,484,975Expenses 2014: $5,898,510Net Income 2014: $1,586,4652014Revenue 2015: $5,425,703Expenses 2015: $6,990,184Net Income 2015: -$1,564,4812015Revenue 2016: $7,848,601Expenses 2016: $6,106,838Net Income 2016: $1,741,7632016Revenue 2017: $7,934,173Expenses 2017: $9,162,450Net Income 2017: -$1,228,2772017Revenue 2018: $8,232,170Expenses 2018: $8,648,935Net Income 2018: -$416,7652018Revenue 2019: $8,306,641Expenses 2019: $8,266,090Net Income 2019: $40,5512019Revenue 2020: $9,592,329Expenses 2020: $5,874,932Net Income 2020: $3,717,3972020Revenue 2021: $12,410,061Expenses 2021: $10,403,640Net Income 2021: $2,006,4212021Revenue 2022: $12,236,304Expenses 2022: $12,421,825Net Income 2022: -$185,5212022Revenue 2023: $15,524,972Expenses 2023: $16,474,407Net Income 2023: -$949,4352023Revenue 2024: $14,318,779Expenses 2024: $13,636,350Net Income 2024: $682,4292024

Highlighted filing

2017

Revenue$7,934,173
Expenses$9,162,450
Net Income-$1,228,277
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 9, 2018
Return Version
2017v2.3
Gross Receipts
$8,514,043
Mission and Program Overview

Mission

World bicycle relief (the corporation) is organized and operated exclusively for charitable and educational purposes in accord with sec. 501(c)(3) of the internal revenue code of 1986 (or a corresponding provision of any future united states internal revenue law, referred to below as the code. More specifically, world bicycle relief is organized to help people in disaster-stricken or impoverished areas of the world to achieve independence and a means to obtain a livelihood by providing them with access to low- or no-cost bicycles.

World bicycle relief mobilizes people through the power of bicycles. We envision a world where distance is no longer a barrier to independence and livelihood.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$5,427,052$4,654,345▼ $772,707
Savings and Temporary Cash Investments$483,976$1,431,587▲ $947,611
Land, Buildings, and Equipment, Net$145,119$200,468▲ $55,349
Pledges and Grants Receivable$1,588,173$161,075▼ $1,427,098
Prepaid Expenses and Deferred Charges$73,957$103,722▲ $29,765
Inventories for Sale or Use$29,570$0▼ $29,570
Investments Other Securities$29,276$29,276→ $0
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$7,803,080$6,580,473▼ $1,222,607
Other Assets Total$25,957$0▼ $25,957
Liabilities
Accounts Payable and Accrued Expenses$326,832$221,405▼ $105,427
Other Liabilities$468$111,565▲ $111,097
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$327,300$332,970▲ $5,670
Net Assets / Fund Balance
Unrestricted Net Assets$7,382,780$6,154,503▼ $1,228,277
Temporarily Rstr Net Assets$93,000$93,000→ $0
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$7,475,780$6,247,503▼ $1,228,277
Total Liabilities and Net Assets / Fund Balance$7,803,080$6,580,473▼ $1,222,607

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$175,468$89,995$265,463
Other Land Buildings$25,000$20,000$45,000
Investment Program Related Org$3,538--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David NeiswanderPresidentFT$229,745$8,692$238,437
Eric ShowellProgram DirectorFT$126,237$106,658$232,895
Frederick KW DayCEOFT$192,000-$192,000
Michael VeitenhansDirector Global PartnershipsFT$169,974$15,151$185,125
Andrew HallDesign EngineerFT$92,974$66,528$159,502
Ruth-Anne RenaudDirector Marketing & OutreachFT$134,107$13,431$147,538
Alisha MyersM&E DirectorFT$121,687$10,880$132,567

Board Members and Trustees

NameTitle
Brian BenzerBoard Chairman
Byron DaileyBoard Member
Paula RestrepoBoard Member
Peter O'HaganBoard Member
Robert PerkowitzBoard Member
Stanley DayBoard Member
Maria SantosCorporate Secretary
Michael HerrTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Grant Thornton LLPAccounting171 NORTH CLARK STREET SUITE 200, Chicago, IL 60601$156,427
Revenue and Support

Revenue Composition

Contributions and Grants
$7,880,921
Program Service Revenue
$0
Investment Income
$40,176
Other Revenue
$13,076
All Other Contributions
$7,880,921
Change in Net Assets
$-1,228,277

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded11$531,722Fair Market Value (FMV)
Total Noncash Contributions11$531,722-

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,984,994
Revenue Not Reported on Financial Statements
$-50,821
Revenue Not Reported on Form 990
$1,431,318
Other Revenue Adjustments
$-50,821
Total Revenue per Audited Statements
$9,416,312
Total Revenue per Form 990
$7,934,173
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,824,260
Salaries, Compensation, and Employee Benefits$2,728,145
Other Expenses$2,558,770
Total Fundraising Expense$2,031,394
Professional Fundraising Fees$51,275

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$3,824,260--$3,824,260
Other Salaries and Wages$908,105$175,616$746,514$1,830,235
Current Officers, Directors, Trustees, and Key Employees$346,984$46,357$37,096$430,437
Travel$164,812$42,543$168,424$375,779
Information Technology$147,815$64,622$160,051$372,488
Fees for Services Other$146,418$36,340$180,590$363,348
Advertising$54,519$190$227,084$281,793
Office Expenses$60,252$62,119$111,144$233,515
Payroll Taxes$105,701$26,425$88,084$220,210
Fees for Services Accounting-$203,408-$203,408
Other Employee Benefits$108,407$15,560$53,029$176,996
Conferences and Meetings$49,355$16,507$109,197$175,059
Pension Plan Contributions$31,460$3,077$35,730$70,267
Depreciation Depletion$39,233-$15,000$54,233
Occupancy$36,450$281$16,972$53,703
Fees for Services Professional Fundraising--$51,275$51,275
Insurance$1,907$26,310$891$29,108
Interest$516$8,901-$9,417
Other Expenses$312-$2,363$2,675
Fees for Services Legal$1,498--$1,498
Total Functional Expenses$6,402,800$728,256$2,031,394$9,162,450

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$10,644,589
Expenses per Audited Statements$9,162,450
Total Expenses per Form 990$9,162,450
Expenses Not Reported on Form 990$1,482,139
International Activity

International Summary

Offices
8
Employees
115
Spending
$4,199,056

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-Saharan AfricaGrantmakingSocial Enterprise430$3,217,756
Sub-Saharan AfricaProgram Services-485$374,796
South AmericaGrantmaking-00$337,428
East Asia and the PacificGrantmaking-00$269,076
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$51,275
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Substantial ContributorSubstantial ContributorBusiness RelationshipNo$584,625
Sram LLCTrustees/officersReimbursement of WBR ExpensesNo$434,796
Substantial ContributorSubstantial ContributorBusiness RelationshipNo$183,028
Substantial ContributorSubstantial ContributorBusiness RelationshipNo$7,500
Substantial ContributorSubstantial ContributorBusiness RelationshipNo$5,000

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
World Bicycle Relief NFP
EIN
20-5080679
In Care Of
% JEFF BOSKEN
Phone
3126643604
Address
1000 West Fulton Market, Chicago, IL 60607

Signing Officer

Name
Jeff Bosken
Title
Director of Finance
Phone
3126643604
Signed
2018-10-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frederick Kw Day
Formed
2006
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
5
Employees
15
Volunteers
12

Preparer

Firm
Grant Thornton Llp
Address
171 N CLARK ST SUITE 200, CHICAGO, IL 60601
Preparer
Bridget T Roche
Phone
3128560200
Supplemental Narrative

Additional Explanations

General Information

FORM 990, PART III, LINE 1 World Bicycle Relief (WBR) mobilizes people through "The Power of Bicycles." Our mission is to improve access to health services, education, and economic opportunities in developing regions of the world where distance is a challenge. We build and distribute a rugged, specially-designed, locally-assembled bicycle to health workers, students, households, and entrepreneurs. Since 2006, we have distributed over 392,000 bicycles to individuals in 19 countries. Our programs and social enterprise have contributed to community health workers expanding patient visits by 45%, students improving school pass rates by 36%, and dairy farmers increasing incomes by 23%. We know a bicycle can't stand alone, so we support our end-users by establishing market-based bicycle value chains, community-led programming, and continuous monitoring, evaluation, and learning. End-users have access to community-based field mechanics for maintenance services and spare parts, while our programs are buttressed by WBR-supported community supervisory committees that assist with program oversight, management, and monitoring. -Education: 27,481 bicycles were provided to students, teachers and school volunteers to increase access to education and reduce travel time with a goal to improve educational outcomes. -Healthcare: 15,441 bicycles were provided to healthcare workers to reduce travel time, reach more patients and spend more time caring for each patient -- resulting in higher quality care and healthier communities. -Economic Development: 11,765 bicycles were sold to entrepreneurs, who used the bikes to increase their capacity, earn more income and improve the quality of life for their families. Over the last 12 years (through 2017), WBR has deployed more than 392,000 bicycles in 20 countries, changing 1,960,000 lives. (Based on average family size in our program countries, one bicycle is changing the lives of five people.) HOW WE DO IT With the experience and expertise gained over the last 12 years designing and delivering Buffalo Bicycles, WBR has developed an efficient, innovative and scalable model to successfully address the great need for reliable, affordable transportation in rural areas of developing countries. We are results-driven, monitoring and evaluating our programs to ensure we meet the end-user's needs. We combine philanthropic distributions with social enterprise sales to achieve greater impact. We are collaborative, working with partners who help us design and implement better programs. Our supply chain is built to be sustainable, scalable and nimble, while our Buffalo Bicycles are designed and manufactured to be strong, durable and affordable. And our local assembly and field mechanic training creates transportation infrastructure in the countries where we work. Through this model, we are helping individuals overcome transportation barriers to education, healthcare and economic development, and build better lives.

ORGANIZATION'S MISSION (Continued)

Form 990, Part III, Line 1 Our mission is to create access to education, healthcare, and economic opportunities in developing regions of the world where distance is a challenge. We envision a world where distance is no longer a barrier to independence and livelihood.

Program Services (continued)

Form 990, Part III, Line 4A EDUCATION WBR'S BICYCLES FOR EDUCATIONAL EMPOWERMENT PROGRAM (BEEP), WHICH LAUNCHED IN ZAMBIA IN 2009, HELPS IMPROVE ACCESS TO BASIC EDUCATION BY PROVIDING BUFFALO BICYCLES TO STUDENTS, TEACHERS AND SCHOOL VOLUNTEERS IN RURAL AREAS OF DEVELOPING COUNTRIES. BICYCLE RECIPIENTS ARE SELECTED BASED ON DISTANCE TRAVELED AND VULNERABILITY CRITERIA ESTABLISHED BY COMMUNITY MEMBERS WHO OVERSEE THE PROGRAM. STUDENTS SIGN A STUDY-TO-OWN CONTRACT, AGREEING TO ATTEND CLASSES REGULARLY. WHEN THEY'RE NOT RIDING THE BUFFALO BICYCLE TO SCHOOL, IT'S AVAILABLE TO CARRY GOODS TO MARKET, VISIT THE HEALTHCARE CLINIC AND ACCESS WATER. THIS EMPOWERS THE HOUSEHOLD WITH A TOOL FOR DEVELOPMENT, LEADING TO INCREASED ECONOMIC OPPORTUNITY IN COMMUNITIES. TO DATE, WBR HAS DISTRIBUTED OVER 150,000 BICYCLES FOR EDUCATION, INCLUDING MORE THAN 27,000 IN 2017. A RECENT STUDY SHOWS THAT STUDENTS IN ZAMBIA WITH BUFFALO BICYCLES INCREASED THEIR ATTENDANCE BY UP TO 28% AND THEIR ACADEMIC PERFORMANCE BY UP TO 59%. HEALTHCARE According to the World Bank, more than one billion people living in rural areas lack access to all-season roads, or affordable public or private transportation options. In these communities, distance and lack of mobility hinder community health worker outreach, constrain patient-visit duration, and dampen health worker retention. With long distances separating many households from health centers, families have limited capacity to seek health services. The results are striking. For example, more than 50% of women living in rural areas of Zambia, versus 10% in urban areas, cited distance to a health facility as one of her greatest challenges in seeking medical care. In rural areas of Zimbabwe, under-five mortality rates are 50% higher than in urban areas. And women in rural communities of Indonesia are five times less likely to receive antenatal care compared to their urban counterparts. Our response To address these challenges, World Bicycle Relief (WBR) established the Wheels for Integrated and Sustainable Health (WISH) program, supported USAID and PEPFAR funded activities, and partnered with local and international organizations to provide more than 165,000 bicycles to community health workers in Kenya, Malawi, Zambia, Ghana, and Zimbabwe. By training community-based mechanics and establishing community oversight through local bicycle supervisory commitees, WBR ensures health workers receiving bicycles have sustainable access to critical preventative mainenance, repair services, spare parts, and community-led support. The results have been profound. -With a bicycle, health workers travel four times further and increase average monthly patient visits by 45%, on average; -With a two-year work-to-own incentive agreement for a bicycle, health worker retention rates exceeded 98%; and -Patient referals to health services increased up to 50%. Yet these results do not paint a complete picture. Qualitative feedback from health supervisors and health workers empahsize that time spent with each patient increases, as does the quality of care. Similarly, supervisors report that community health workers with bicycles are more motivated than workers that did not receive bicycles. And a recent study of WBR programming suggested that health workers that owned a bicycle enjoyed enhanced social status, particularly for those workers who were women and homemakers. And health workers report increased incomes by utilizing the bicycle during non-work/volunteer hours for livelihood activities. Illustrative project experience and partnerships: Malawi - WBR is collaborating with consortium partners and the Ministry of Health to implement our flagship WISH program across 10 districts in Malawi, expanding health service delivery at the community-level. Zambia - In support of the Malaria Control and Elimination Partnership in Africa, WBR is providing Buffalo Bicycles to increase diagnoses and timely treatment of malaria, as well as the distributi

Governing Body Committees

Form 990, part vi, line 1a the board of directors shall have power to appoint committees for the purpose of conducting certain aspects of the corporate business not otherwise delegated. Committees may not act on behalf of the corporation unless such authority is specifically delegated to the committee, and if such corporate authority is so delegated, it shall be valid only as to a single issue and not in general terms. The board of directors may from time to time appoint advisory boards or special councils for specific purposes that do not require corporate action. The composition of such advisory groups may include persons with professional skills or special experience necessary to advise and inform the board of directors. Such advisory groups shall not have the authority to commit the corporation to any legal contracts or agreements whether or not related to the business of the corporation. The board of directors shall not lend apparent authority to such advisory groups and all related corporate resolutions shall expressly limit the groups' authority in this respect.

Family Relationships

FORM 990, PART VI, LINE 2 BOARD MEMBERS Stanley Day and president Frederick K.W. day have a family relationship. Michael Herr, Brian Benzer, Stanley Day, and Frederick K.W. Day have a business relationship.

Form 990 Review Process

FORM 990, PART VI, LINE 11B The President, CFO, and Treasurer reviewed a draft of the Form 990 that was prepared by a third party tax preparer, Grant Thornton, based upon information WBR provided the preparer. Subsequent to their review, Management and the full voting board received a copy of the draft return electronically. The board provided any questions or comments to the Executive Director and the Form 990 was revised, as necessary. The full voting board of directors received a copy of the Form 990 prior to filing with the IRS.

Conflict of Interest Policy Monitoring & Enforcement

FORM 990, PART VI, LINE 12C The responsibility for disclosing any known or reasonably foreseen actual or potential conflicts of interest shall be upon the interested party whose interests are or may appear to be in conflict. All interested parties are required to file a disclosure statement with WBR prior to such individual commencing his or her service with WBR and thereafter shall file with WBR an updated disclosure statement as may be required from time to time by the Board of Directors or its Committee designee, and in no event less often than annually. The minutes shall reflect that the conflict of interest was disclosed and the interested person was not present during any discussion of the matter and did not vote on the matter in person or by proxy. When any such conflict of interest is relevant to a matter requiring action by the Board of Directors or any committee of the Board, the interested person shall disclose such conflict to the Board of Directors or such committee; and shall not vote on the matter. Further, the interested person having a conflict shall retire from the room in which the Board or the committee is meeting and shall not participate in any deliberation or decision regarding the matter under consideration. When there is a doubt as to whether a conflict of interest exists, the matter shall be resolved by a vote of the Board of Directors or the committee, as the case may be, excluding the interested person concerning whom the doubt has arisen. The Board of Directors, from time to time, shall report on its implementation of these guidelines and the status of any policy developments regarding compensation and conflicts of interest. Further, the Board of Directors shall report after having been alerted to specific instances when these guidelines have not been followed or any other issue regarding compensation or conflict of interest is determined to exist.

Compensation Review

Form 990, Part VI, Line 15a WBR establishes a rebuttable presumption that the compensation paid to the CEO and other executives is reasonable. WBR establishes a position by comparing the compensation of its CEO and other executives against 10 similar size nonprofits in WBR's peer group. The data used for the comparison is taken from the 990, annual report and audited financial statements from the 10 nonprofits. The final analysis is presented to the Board of Directors of WBR and salaries are approved yearly at the January board meeting.

Compensation Review by Independent Persons

FORM 990, PART VI, LINE 15B Compensation is established for the Executive Director by the President after a thorough salary/market review. This salary/market review process was completed during the hiring process carried out in mid 2013. Each year the board evaluates the Chief Operating Officer's performance through an assessment process. The board uses this data to determine compensation. The senior staff has a comprehensive performance evaluation and compensation review done at the end of each calendar year. Salary is benchmarked regularly vis-a-vis other similar organizations using Form 990 data. Documentation of the compensation review is contemporaneously documented in the Human Resources files.

Governing Documents Available to Public

Form 990, Part VI, Line 19 The following documents are posted on the organization's website and available upon request: Articles of Incorporation, Bylaws, Conflict of Interest Policy, and Audited Financial Statements.

Other Changes in Net Assets

Form 990, part xi, line 9 wbr kenya adjustment to financial statements -$1,645

Financial Statement Notes

Schedule D, Part X, Line 2

FIN 48 WBR NFP is a not-for-profit entity, as described in Section 501(c)(3) of the Internal Revenue Code (the IRC), and was organized and incorporated in Illinois as a not-for-profit organization in 2006. WBR NFP has received a favorable determination letter from the Internal Revenue Service for its section 501(c)(3) status under the IRC of 1986, and is exempt from income taxes, except to the extent of any unrelated business income. For the periods ended December 31, 2017 and 2016, the Organization does not have unrelated business income. As of December 31, 2017 and 2016, management has determined that there are no material uncertain positions that require recognition in the consolidated financial statements.

Schedule D, Part XI, Line 4B

Other revenue amounts included on return but not on financials: Foreign exchange gain/loss $43,589 Cost of goods sold 7,232 Total $50,821

Schedule D, Part XII, Line 2D

Other expense amounts included on financials but not on return: Foreign exchange gain/loss $43,589 Cost of goods Sold 7,232 Total $50,821

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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Summary only. Only limited summary data is available for this year.$10.3$2.86$7.43$14.3$13.6$0.68
2023Summary only. Only limited summary data is available for this year.$13.3$2.31$11.0$15.5$16.5$0.95
2022Summary only. Only limited summary data is available for this year.$12.8$0.39$12.4$12.2$12.4$0.19
2021Summary only. Only limited summary data is available for this year.$12.9$0.24$12.6$12.4$10.4$2.01
2020Summary only. Only limited summary data is available for this year.$9.94$0.37$9.57$9.59$5.87$3.72
2019Summary only. Only limited summary data is available for this year.$6.80$0.95$5.85$8.31$8.27$0.04
2018Summary only. Only limited summary data is available for this year.$6.07$0.24$5.83$8.23$8.65$0.42
2017Detailed filing. Detailed filing data is available for this year.$6.58$0.33$6.25$7.93$9.16$1.23
2016Summary only. Only limited summary data is available for this year.$7.80$0.33$7.48$7.85$6.11$1.74
2015Summary only. Only limited summary data is available for this year.$6.16$0.45$5.71$5.43$6.99$1.56
2014Summary only. Only limited summary data is available for this year.$8.06$0.76$7.30$7.48$5.90$1.59
2013Summary only. Only limited summary data is available for this year.$6.24$0.57$5.67$5.37$4.16$1.21
2012Summary only. Only limited summary data is available for this year.$4.67$0.27$4.41$4.03
2011Summary only. Only limited summary data is available for this year.$4.09$0.75$3.34$3.50
2010Summary only. Only limited summary data is available for this year.$2.76$0.35$2.42$2.18$1.51$0.68
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • $5M-$10M nonprofits