World Affairs Council Of Philadelphia
- Assets
- $2.4m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 14
- Location
- Philadelphia, PA
- Founding
- 10/1950
- Data as of
- 12/2022
- 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 12/2022, World Affairs Council Of Philadelphia employed 14 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 12/2022, World Affairs Council Of Philadelphia generated $1.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 1.4% 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
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
CRYPTOCURRENCIES AND THE WORLD - A LOOK AT GLOBAL REGULATION, SECURITY AND SUSTAINABILITY. CRYPTO IS EVERYWHERE, AND THE BLOCKCHAIN IS CHANGING THE WORLD. HOW WOULD THE GLOBAL ECONOMY LOOK IF THERE WAS A SHIFT TOWARDS DECENTRALIZED BANKING? HOW HAVE CRYPTOCURRENCIES IMPACTED REGULATORY PRACTICES, TAXATION AND INTERNATIONAL REPORTING? WHY ARE SOME COUNTRIES, LIKE EL SALVADOR, ADOPTING CRYPTO AS LEGAL TENDER, WHILE OTHERS, LIKE CHINA, BAN ITS USE? HOW ARE THE ENVIRONMENTAL AND SUSTAINABILITY CHALLENGES IMPACTING THE FUTURE OF CRYPTO? THE WORLD AFFAIRS COUNCIL OF PHILADELPHIA LEADS A DISCUSSION ABOUT THESE QUESTIONS AND MORE ON CRYPTOCURRENCY AND ITS IMPACT ON THE GLOBAL ECONOMY.
EDUCATION PROGRAMS FOR HIGH SCHOOL, MIDDLE SCHOOLS TEACHERS & STUDENTS AND OTHER ADULT PROGRAMS AND CONFERENCES
YEAR-END PROGRAM TO INTRODUCE THE MERGER OF THE WORLD AFFAIRS COUNCIL OF PHILADELPHIA AND CITIZENS DIPLOMACY INTERNATIONAL. IN A WORLD BESET BY PANDEMICS, WAR, ECONOMIC UNCERTAINTY, AND PARTISAN POLITICS, IT IS CRUCIAL TO FUTURE DEVELOP AND LEVERAGE PHILADELPHIA'S INTERNATIONAL CONNECTIVITY - AND HELP PHILADELPHIANS UNDERSTAND OUR ROLE IN THE WORLD. IN AUGUST, CIRIZEN DIPLOMACY INTERNATIONAL PHILADELPHIA AND THE WORLD AFFAIRS COUNCIL OF PHILADELPHIA ANNOUNCED OUR MERGER - CEMENTING OUR ROLE AS THE REGION'S LARGEST, OLDEST, AND STRONGEST WORLD AFFAIRS COUNCIL ORGANIZATION IN THE REGION. BLENDING A COMBINED 140+ YEARS OF EXPERIENCE IN PEOPLE-TO-PEOPEL DIPLOMACY AND INTERNATIONAL CONNECTIVITY, WE ARE STRONGER TOGETHER. WE ARE DOING MORE NOW THAN EVER TO CONNECT PHILADELPHIA TO THE WORLD. AND THIS IS JUST THE START. NOW IS THE TIME TO INVEST IN A GLOBAL FUGURE FOR PHILADELPHIA.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Swartz President & CEO | Officer | 40 | $215,000 |
Michael Farrell Chairman | Officer | 5 | $0 |
Brian Lee Treasurer | Officer | 2 | $0 |
William Macdonald Secretary | Officer | 2 | $0 |
Raza Bokhari Vice Chairman | Officer | 2 | $0 |
William Doran Vice Chairman | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $335,800 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,013,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,349,600 |
| Total Program Service Revenue | $486,200 |
| Investment income | $46,300 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,200 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,887,300 |
| 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. | $222,000 |
| Compensation of current officers, directors, key employees. | $44,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $622,400 |
| Pension plan accruals and contributions | $14,100 |
| Other employee benefits | $39,300 |
| Payroll taxes | $51,000 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $107,700 |
| 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 | $89,800 |
| Information technology | $22,800 |
| Royalties | $0 |
| Occupancy | $80,100 |
| Travel | $8,700 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,300 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,300 |
| Insurance | $0 |
| All other expenses | $284,200 |
| Total functional expenses | $1,588,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,300 |
| Savings and temporary cash investments | $350,200 |
| Pledges and grants receivable | $47,500 |
| Accounts receivable, net | $139,700 |
| 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 | $56,200 |
| Net Land, buildings, and equipment | $94,200 |
| Investments—publicly traded securities | $1,535,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,449,100 |
| Accounts payable and accrued expenses | $121,900 |
| Grants payable | $0 |
| Deferred revenue | $61,000 |
| 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 | $182,900 |
| Net assets without donor restrictions | $313,800 |
| Net assets with donor restrictions | $1,952,400 |
| 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 | $2,449,100 |