World Bank Community Connections Fund
World Bank Community Connections Fund
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About this organization
Revenue
$8,226,895
Expenses
$8,101,259
Mission
Administers workplace charitable giving programs for World Bank Group employees and retirees.
About
The primary activity of the World Bank Community Connections Fund (WBCCF) is the annual Community Connections Campaign (CCC) - a workplace giving campaign for World Bank Group employees and retirees to raise funds for public charities exempt under IRS Section 501(c)(3). Employee payroll withholding and cash contributions are pledged to charities designated by employees themselves. Included charities must meet eligibility requirements and this number typically approximates 290 nonprofit organizations. In fiscal year 2019, WBCCF disbursed a total of $7,694,164 to these charities via the CCC program, including a corporate matching contribution of $3,974,762 from the World Bank Group. WBCCF did not derive any revenue such as fees for services or sales of goods directly from this activity.
Interesting data from their 2019 990 filing
The non-profit's aim, as stated in the filing, is “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.”.
When referring to its actions, they were outlined as: “Administers workplace charitable giving programs for world bank group employees and retirees.”.
- The non-profit has complied with legal obligations by reporting their state of operation as DE.
- The non-profit's address in 2019 is noted in the filing as 1818 H STREET NW MSN MC-9-912, WASHINGTON, DC, 20433.
- The non-profit's form for 2019 reports a total of 0 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $125,636.
- The organization has 10 independent voting members.
- The organization was formed in 2002.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
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