World Affairs Council Of Philadelphia
- Assets
- $2.5m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 11
- Location
- Philadelphia, PA
- Founding
- 10/1950
- Data as of
- 12/2021
- EIN
- 23-1352586
Organization Overview
World Affairs Council Of Philadelphia is located in Philadelphia, PA. The organization was established in 1950. According to its NTEE Classification (Q05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, World Affairs Council Of Philadelphia employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Affairs Council Of Philadelphia 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 Affairs Council Of Philadelphia generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE WORLD AFFAIRS COUNCIL OF PHILADELPHIA IS A PRIVATE, NON-PROFIT, NON-PARTISAN ORGANIZATION DEDIDICATED TO CREATING AN INFORMED CITIZENRY ON MATTERS OF NATIONAL AND INTERNATIONAL SIGNIFICANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JOIN THE WORLD AFFAIRS COUNCIL OF PHILADELPHIA AND ITS EVENT PARTNER, PROCHILE ,AND "BEYOND OUR BORDERS" SERIES CO-PRESENTERS, THE CHILEAN & AMERICAN CHAMBER OF COMMERCE AND THE HONORARY CONSULATE OF CHILE IN PHILADELPHIA, TO EXPERIENCE THE WINES OF CHILE FROM THE COMFORT OF YOUR OWN HOME. YOU WILL BE GUIDED BY EXPERTS THROUGH YOUR VIRTUAL TASTING AND CAN ENGAGE AND ASK QUESTIONS ABOUT THE GROWING PROCESS, PRODUCTION OF THE WINE, AND OF COURSE... WHERE YOU CAN FIND MORE TO ADD TO YOUR AT-HOME COLLECTIONS CALLED "ONE OF OUR FOREMOST THINKERS ON FOREIGN POLICY"
WORLD AFFAIRS SALON, THE IMPORTANCE OF GLOBAL AFFAIRS EDUCATION: PLEASE JOIN US FOR AN INTIMATE RECEPTION CELEBRATING GLOBAL AFFAIRS EDUCATION AND ALL THE WAYS IN WHICH PHILADELPHIA IS A WORLD-CLASS, INTERNATIONAL CITY. NETWORK WITH OTHER LOCAL BUSINESS LEADERS, DIPLOMATS, AND COMMUNITY MEMBERS AT THIS CULMINATION OF THE COUNCIL'S YEAR-END CAMPAIGN
THE STUDENT DIPLOMAT PROGRAM IS THE COUNCIL'S FLAGSHIP PROGRAM FOR MIDDLE SCHOOL STUDENTS. STUDENTS STUDY THE IMPORTANCE OF CROSS-CULTRAL UNDERSTANDINGS AND DIPLOMACY, LEARN THE ART OF WRITING AND AMENDING RESOLUTIONS, ATTEND BRIEFINGS WITH EXPERT SPEAKERS AND HONE CONFLICT RESOLUTION SKILLS AS THEY WORK WITH FELLOW DELEGATES TO DRAFT AND PASS RESOLUTIONS THAT OFFER THOUGHTFUL AND VIABLE SOLUTIONS TO SOME OF THE WORLDS MOST INTRACTABLE ISSUES.
EDUCATION PROGRAMS FOR HIGH SCHOOL, MIDDLE SCHOOLS TEACHERS & STUDENTS AND OTHER ADULT PROGRAMS AND CONFERENCES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Swartz President & CEO | Officer | 40 | $207,500 |
Michael Farrell Chairman | Officer | 5 | $0 |
William Macdonald Secretary | Officer | 2 | $0 |
Brian Lee Treasurer | Officer | 2 | $0 |
William Doran Vice Chairman | Officer | 2 | $0 |
Frank Hermance Vice Chairman | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $288,200 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $897,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,185,500 |
| Total Program Service Revenue | $162,700 |
| Investment income | $272,300 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,620,500 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $207,500 |
| Compensation of current officers, directors, key employees. | $41,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $570,100 |
| Pension plan accruals and contributions | $9,500 |
| Other employee benefits | $43,500 |
| Payroll taxes | $52,800 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $69,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $71,100 |
| Information technology | $24,100 |
| Royalties | $0 |
| Occupancy | $90,700 |
| Travel | $7,500 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,300 |
| Insurance | $0 |
| All other expenses | $105,300 |
| Total functional expenses | $1,282,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,600 |
| Savings and temporary cash investments | $45,900 |
| Pledges and grants receivable | $160,900 |
| Accounts receivable, net | $7,300 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $65,800 |
| Net Land, buildings, and equipment | $109,200 |
| Investments—publicly traded securities | $1,938,900 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,476,600 |
| Accounts payable and accrued expenses | $100,100 |
| Grants payable | $0 |
| Deferred revenue | $93,700 |
| 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 | $0 |
| Total liabilities | $193,800 |
| Net assets without donor restrictions | $210,200 |
| Net assets with donor restrictions | $2,072,600 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,476,600 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that World Affairs Council Of Philadelphia has recieved totaling $83,000.
| Awarding Organization | Amount |
|---|---|
The United Way Of Southwestern Pennsylvania Pittsburgh, PA PURPOSE: DONOR DESIGNATION PR | $22,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $20,000 |
America-Italy Society Of Philadelphia Philadelphia, PA PURPOSE: TO SUPPORT THE ITALIAN EDUCATION PROGRAMS | $18,000 |
Patricia Kind Family Foundation Philadelphia, PA PURPOSE: SUPPORT THE GLOBAL SMARTS | $15,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $5,500 |
Hellendall Family Foundation Of North Carolina Inc Chapel Hill, NC PURPOSE: CHARITABLE PURPOSES | $2,500 |
Endowment Analysis
| Beg. Balance | $912,100 |
| Ending Balance | $912,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Business Council For International Understanding Inc New York, NY | $3,579,725 | $5,813,542 |
Foreign Policy Association Incorporated New York, NY | $5,721,976 | $4,285,945 |
Carnegie Council For Ethics In International Affairs Inc New York, NY | $42,413,355 | $2,380,908 |
Independent Diplomat Inc New York, NY | $1,546,888 | $2,800,004 |
Israel Policy Forum Inc New York, NY | $4,206,685 | $4,071,986 |
Foreign Policy Research Institute Philadelphia, PA | $2,361,438 | $3,262,376 |
The Africa-America Institute New York, NY | $4,440,622 | $2,165,945 |
Parliamentarians For Global Action New York, NY | $2,359,532 | $2,527,257 |
Carey Institute For Global Good Inc Rensselaerville, NY | $4,785,067 | $2,167,736 |
Refugee Solidarity Network Inc Brooklyn, NY | $494,365 | $1,772,712 |
Democracy For The Arab World Now Inc Brooklyn, NY | $119,566 | $1,424,995 |
Igarape Inc New York, NY | $3,848,483 | $3,633,968 |