World Assistance And Development Foundation
- Assets
- $15.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Katy, TX
- Founding
- 04/2010
- Data as of
- 12/2023
- EIN
- 27-1607359
Organization Overview
World Assistance And Development Foundation, operating under the name World Recovery, is located in Katy, TX. The organization was established in 2010. According to its NTEE Classification (Q30) the organization is classified as: International Development, 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 Recovery 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 12/2023, World Recovery generated $126.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $123.7k during the year ending 12/2023. While expenses have increased by 13.2% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE ONLY FOR CHARITABLE, EDUCATION OR SCIENTIFIC PURPOSES INCLUDING PROVIDING SUPPORT FOR COMMUNITY DEVELOPMENT AND COMPASSIONATE CARE FOR HUMAN SUFFERING, CHANNELING RESOURCES TO ON-SITE WORKERS AND PROVIDING SUPPORT SERVICES.
Describe the Organization's Program Activity:
Part 3
OPERATION GROUND ZERO - THE SOURCE FOUNDATION - G807-20 THE SOURCE IS OUR OPERATIONAL "DOOR" TO THE WORLD OF ACEH. IT IS LICENSED AS AN ACHENESE NGO, ACTUALLY IN THE NAME OF AN INDONESIAN. WE CANNOT OPERATE WITHOUT THE SOURCE. THIS GRAT FUNDS THE BASIC OPERATIONS OF THAT FOUNDATION, INCLUDING OFFICE RENTAL, STAFF, AND EVENTS.
3 SMALLER PROGRAMS - FOR EDUCATION, TRAINING, AND INFANT SUPPORT.
ACEH SUSTAINABLE PEACE - G803-20 TO HELP MORE GROUPS AND INDIVIDUALS IN DEVELOPING THEIR SKILLS AND BUILDING THEIR CAPACITY AS MEN AND WOMEN WHO WILL BE A MODEL AND INSPIRATION TO OTHERS. TO AUGMENT THE SOURCE OF INCOME FOR LOCAL PEOPLE. TO PREPARE THE COMMUNITIES FOR FOR ANY KIND OF UNEXPECTED DISASTERS THAT MAY HAPPEN. TO ESTABLISH AND MEDIATE A BETTER RELATIONSHIP AMONG THE LOCALS AND THE GOVERNMENT, WITH THE END GOAL OF PEACE AND UNITY AMONG THEM. ALL PROJECTS WILL PAVE A WAY FOR A SUSTAINABLE PEACE AND DEVELOPMENT.
OPERATION COVID-19 FOOD RELIEF - G810-20 PROVIDE EMERGENCY FOOD STAPLES AID TO 75-100 FAMILIES IN THE AREA OF THE COMMUNITY WHERE THE SOURCE OFFICES AND SERVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derrick Meier President | 5 | $0 | |
Ron Lyles Vice President | 2 | $0 | |
Dave Ells Secretary | 1 | $0 | |
Liz Applewhite Trustee | 2 | $0 | |
Terry Steinert Treasurer | 1 | $0 | |
Tom Alexander Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $125,953 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $125,953 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,564 |
| Total expenses | $123,736 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,888 |
| Other assets | $0 |
| Total assets | $15,888 |
| Total liabilities | $41,000 |
| Net assets or fund balances | -$25,112 |