The Word Forum Inc
- Assets
- $525.5k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Katonah, NY
- Founding
- 07/2001
- Data as of
- 12/2022
- EIN
- 22-3777790
Organization Overview
The Word Forum Inc is located in Katonah, NY. The organization was established in 2001. According to its NTEE Classification (X80) the organization is classified as: Religious Media & Communications, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Word Forum Inc 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 12/2022, Word Forum Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $1.5m during the year ending 12/2022. While expenses have increased by 19.8% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FOR THE PURPOSE OF SERVING AS A NON DENOMINATIONAL ACADEMIC CENTER FOCUSED ON INTERPRETING THE TEACHINGS, WISDOM AND TRUTH CONTAINED IN THE BIBLE AN ITS ACTIVITIES BUT LIMITED TO
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALE OF BOOKS AND MEMBERSHIP FEES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pauline Huntington Secretary | Trustee | 40 | $47,250 |
Sang Kuk Lee President | Trustee | 40 | $22,050 |
Dong-Yeon Moon Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,009,676 |
| Membership dues | $246,849 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,256,525 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $71,012 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $38,766 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,366,303 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,036 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $864,204 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $5,423 |
| Fees for services: Legal | $30,732 |
| Fees for services: Accounting | $676 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $78,527 |
| Advertising and promotion | $0 |
| Office expenses | $144 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $233,265 |
| Travel | $17,226 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $192,475 |
| All other expenses | $13,258 |
| Total functional expenses | $1,525,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,815 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $669 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $69,464 |
| Inventories for sale or use | $60,672 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $292,854 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $525,474 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,413 |
| Total liabilities | $10,413 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $515,061 |
| Total liabilities and net assets/fund balances | $525,474 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Word Forum Inc has recieved totaling $24,594.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $23,844 |
Verizon Foundation Basking Ridge, NJ PURPOSE: VIP PAYOUT FOR 03/09/21 | $750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Icatholic Media Inc Watertown, MA | $61,629,216 | $14,295,555 |
Focus In Chinuch Inc Monroe, NY | $2,386,995 | $7,187,365 |
Torah Center For Higher Rabbinical Studies Inc Brooklyn, NY | $48,469 | $4,157,555 |
Odyssey Impact Inc New York, NY | $1,159,274 | $2,787,083 |
The Veritas Forum Inc Cambridge, MA | $3,821,584 | $3,531,628 |
The Word Forum Inc Katonah, NY | $525,474 | $1,366,303 |
Lahak Hanochos Inc Brooklyn, NY | $1,010,421 | $1,261,386 |
Friends Publishing Corporation Philadelphia, PA | $3,645,326 | $1,330,635 |
Aliento Vision Hispanic Family Network Inc Corona, NY | $123,445 | $1,074,940 |
Montrose Broadcasting Corporation Montrose, PA | $2,692,009 | $1,265,627 |
Sound Of Life Inc Lake Katrine, NY | $610,471 | $874,575 |
Servant Of Jesus & Mary Malone, NY | $483,722 | $495,612 |