World Education Foundation
- Assets
- $1.1m
- Revenue
- $1.4m
- Investments
- $1.1m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 03/2004
- Data as of
- 12/2021
- EIN
- 20-0634413
Organization Overview
World Education Foundation is located in Las Vegas, NV. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Education Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, World Education Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 41.6% each year . All expenses for the organization totaled $898.0k during the year ending 12/2021. While expenses have increased by 6.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vinod Gupta Trustee | 0 | $0 | |
Jess Gupta Trustee | 0 | $0 | |
Fred Vakili Trustee | 0 | $0 | |
Vijay Malik Trustee | 0 | $0 | |
Ashutosh Dayal Sharma Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,264,390 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,808 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $117,804 |
| Capital Gain Net Income | $219,884 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,391,002 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $766 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $419 |
| Total operating and administrative expenses | $172,332 |
| Contributions, gifts, grants paid | $725,689 |
| Total expenses and disbursements | $898,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,211 |
| Savings and temporary cash investments | $1,602 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $13,048 |
| Total assets | $1,072,947 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, World Education Foundation has awarded $725,689 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
VINOD GUPTA CHARITABLE FOUNDATION PURPOSE: GENERAL AND CAPITAL EXPANSION | $605,204 |
LELAND STANFORD JUNIOR UNIVERSITY PURPOSE: THE GUPTA FAMILY FUND FOR DR. JOHN RATLIFF | $75,000 |
UNIVERSITY OF NEBRASKA-LINCOLN PURPOSE: EDUCATIONAL ASSISTANCE | $24,485 |
Santa Barbara, CA PURPOSE: EDUCATIONAL ASSISTANCE | $11,000 |
HUI MAKA'AINANA O MAKANA PURPOSE: OPERATING | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
W M Keck Foundation Los Angeles, CA | $1,878,594,082 | $132,529,748 |
Conrad Prebys Foundation San Diego, CA | $0 | $206,775,032 |
Jay And Rose Phillips Family Foundation Of California San Francisco, CA | $0 | $58,236 |
Jay And Rose Phillips Family Foundation Of Colorado Redwood City, CA | $0 | -$205,157 |
Henry J Kaiser Family Foundation San Francisco, CA | $1,103,580,994 | $111,004,070 |
Holland M Ware Charitable Foundation Eagle, ID | $219,618,856 | $24,900,954 |
The Ahmanson Foundation Beverly Hills, CA | $0 | $54,356,398 |
Charles Huang Foundation Pasadena, CA | $65,868,960 | $116,144,816 |
Weingart Foundation Los Angeles, CA | $0 | $30,569,267 |
Engelstad Fam Foundation Las Vegas, NV | $835,390,513 | $95,367,626 |
Price Philanthropies Foundation La Jolla, CA | $497,968,777 | $37,892,208 |
Kavli Foundation Los Angeles, CA | $672,190,947 | $63,900,227 |