Foundation Of The World
- Assets
- $5.7k
- Revenue
- $796.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Davie, FL
- Founding
- 06/2010
- Data as of
- 12/2020
- EIN
- 27-0947262
Organization Overview
Foundation Of The World is located in Davie, FL. The organization was established in 2010. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2020, Foundation Of The World employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Of The World 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 12/2020, Foundation Of The World generated $796.1k in total revenue. All expenses for the organization totaled $978.8k during the year ending 12/2020.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PRIMARY EXEMPT PURPOSE IS TO IMPACT LIVES BY MOBILIZING COMMUNITIES TO COLLECTIVELY WORK TO PROVIDE LIFE'S ESSENTIAL TO IMPROVE THE LIVES OF OUR BROTHERS AND SISTERS OF DIVERSE CULTURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PACT - PROGRESS & ACCELERATED CHANGE THROUGH TECHNOLOGY IS A PROGRAM TO SEED, GROW AND CHANGE YOUNG PEOPLE INTO LEADERS. OUR INAGURAL COUNTRY SITE FOR THE PAST 2 YEARS HAS BEEN HAITI. THROUGH PARTNERSHIPS WITH SUBJECT MATTER EXPERTS FROM INDUSTRY LEADING COMPANIES AROUND THE WORLD, SUCH AS CISCO, WE CONDUCT TENCHICAL WORKSHOPS. THE SMES COME FROM ALL AROUND THE WORLD TO GROW YOUNG LEADERS IN TECHNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Farrel Liger CEO | Trustee | 20 | $24,000 |
Reginald Liger COO | OfficerTrustee | 20 | $11,500 |
Frantz Millien Director | Trustee | 1 | $500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $796,109 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $796,109 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $796,109 |
| 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. | $35,500 |
| Compensation of current officers, directors, key employees. | $35,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,547 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,500 |
| Fees for services: Accounting | $10,870 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $640,355 |
| Advertising and promotion | $68,094 |
| Office expenses | $5,363 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,135 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $169,838 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $575 |
| All other expenses | $0 |
| Total functional expenses | $978,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,670 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,670 |
| Accounts payable and accrued expenses | $5,653 |
| 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 | $341,490 |
| Total liabilities | $347,143 |
| Net assets without donor restrictions | -$341,473 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $5,670 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Foundation Of The World has recieved totaling $46,000.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $23,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $23,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Heartland For Children Inc Bartow, FL | $9,440,569 | $48,626,648 |
Florida Sheriffs Youth Ranches Inc Boys Ranch, FL | $84,342,372 | $25,037,131 |
Epic-Cure Inc St Augustine, FL | $312,618 | $8,316,447 |
Gulf Coast Childrens Advocacy Panama City, FL | $5,514,072 | $7,744,827 |
Gang Alternative Inc Miami, FL | $2,177,395 | $7,044,505 |
Big Brothers And Big Sisters Of Greater Miami Miami, FL | $13,886,069 | $6,863,222 |
Pga Tour Charities Inc Ponte Vedra Beach, FL | $3,965,513 | $4,568,205 |
Corners Outreach Inc Peachtree Corners, GA | $1,471,202 | $3,739,961 |
Project Lift Inc Palm City, FL | $4,577,307 | $5,295,911 |
Horizons Atlanta Inc Atlanta, GA | $3,035,876 | $3,541,460 |
National Association Of School Resource Officers Inc Hoover, AL | $2,764,517 | $2,530,653 |
Chi Chi Rodriguez Youth Foundation Clearwater, FL | $6,554,423 | $3,026,645 |