World Youth Life
- Assets
- $7.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Palmdale, CA
- Founding
- 11/2005
- Data as of
- 09/2018
- EIN
- 20-1987723
Organization Overview
World Youth Life is located in Palmdale, CA. The organization was established in 2005. According to its NTEE Classification (Q22) the organization is classified as: International Academic Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Youth Life 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 09/2018, World Youth Life generated $17.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (20.2%) each year. All expenses for the organization totaled $19.4k during the year ending 09/2018. As we would expect to see with falling revenues, expenses have declined by (17.6%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3
2 YOUTH FROM SOUTH KOREA CAME TO THE STATES DURING THE YEAR. EACH STAYED AT DIFFERENT HOST FAMILIES. EACH STUDENT ACQUIRED BETTER UNDERSTANDING AND GOODWILL OF QUALITY EDUCATION AND CULTURAL EXCHANGE OPPORTUNITIES EACH AND EVERY DAY. 10 STUDENTS CAME FOR INTERNSHIP PROGRAMS AND TRAINING AS INTERN IN THE STATE. EACH STAYED AT DIFFERENT HOST FAMILIES. EACH PARTICIPANT ACQUIRED BETTER UNDERSTANDING AND GOODWILL OF QUALITY WORK ANDCULTURAL EXCHANGE OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ki Hwan Paek Director | 40 | $2,000 | |
Hana Lee Director | 0 | $0 | |
Heung Yeul Paek Secretary | 0 | $0 | |
Ki Chul Paek Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $17,700 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $17,700 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $2,185 |
| Professional fees and other payments to independent contractors | $11,547 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $66 |
| Other expenses | $5,637 |
| Total expenses | $19,435 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $361 |
| Other assets | $0 |
| Total assets | $7,232 |
| Total liabilities | $0 |
| Net assets or fund balances | $7,232 |