World Development Foundation Inc
- Assets
- $9.1k
- Revenue
- $114.5k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/2017
- Data as of
- 12/2018
- EIN
- 30-0880716
Organization Overview
World Development Foundation Inc is located in New York, NY. The organization was established in 2017. According to its NTEE Classification (Q32) the organization is classified as: International Economic 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 Development Foundation 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 12/2018, World Development Foundation Inc generated $114.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (35.6%) each year. All expenses for the organization totaled $114.0k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (37.1%) per year over the past 2 years. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
THE WORLD DEVELOPMENT FOUNDATION BRINGS TOGETHER AND SUPPORTS GOVERNMENTS, UNITED NATIONS, CIVIL SOCIETY, ACADEMIC COMMUNITIES, CORPORATIONS, AND PRIVATE INVESTORS THROUGHOUT THE WORLD TOWARD GLOBAL SUSTAINABLE DEVELOPMENT-WITH RESPECT FOR AND IN HOPE OF ACHIEVING THE SDG
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO WORK WITH OTHER ORGANIZATION THROUGHOUT 2018 IN ORDER TO PROMOTE NEW ECONOMIES, INVESTMENT AND OTHER INITIATIVES THAT PROMOTE THE SUCESS OF THE SUSTAINABLE DEVELOPMENT GOALS. THE PROGRAM DISCUSSES THE NEED FOR THE PRIVATOR SECTOR TO JOIN THE CAMPAIGN FOR SUCCESSFULY SUSTAINABLE DEVELOPMENT GOALS.UN STAFF WEIGHED IN ON CURRENT AND PROPOSED PROGRAMMING TO ENCOURAGE MULT-STAKEHOLDER INVOLVEMENT IN THE SUCESS OF THE SDGS. THE CONFERENCE ALSO FEATURED THE MEDIA LAUNCH OF THE FIRST LADIES OF THE WORLD (FLOW) SUMMIT, SET FOR FALL 2018. OTHER HIGHLIGHTS INCLUDED PRESENTATIONS BY CORPORATE LEADERS WHO ARE SEEKING WAYS TO COMBINE VALUE-ADDED PROPOSITIONS FOR THEIR BOTTOM LINES THROUGH ADHERENCE TO THE GOALS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry Mac Donald President | OfficerTrustee | 0 | $0 |
Patrick Sciarratta Program Director | OfficerTrustee | 0 | $0 |
Na Fan Administrator | OfficerTrustee | 0 | $0 |
Xiangang Guo Chairman | OfficerTrustee | 0 | $0 |
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 | $114,467 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,467 |
| 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 | $114,467 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $3,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $500 |
| 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 | $3,567 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $25,500 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,500 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $59,900 |
| Total functional expenses | $113,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,145 |
| 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 | $9,145 |
| 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 | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $9,145 |
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|---|---|---|
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Dress For Success Worldwide New York, NY | $9,765,263 | $14,118,582 |
Endeavor Global Inc New York, NY | $17,758,887 | $22,239,624 |
Mennonite Economic Development Associates Lancaster, PA | $26,265,593 | $14,802,817 |
Financial Services Volunteer Corps Inc New York, NY | $4,338,276 | $8,058,219 |
Romanian American Foundation New York, NY | $151,764,693 | $36,392,050 |
Nest Inc New York, NY | $5,296,909 | $4,810,117 |
Cerge-Ei Foundation New York, NY | $13,211,124 | $3,287,220 |
Junior Achievement Of New York New York, NY | $4,177,610 | $3,603,746 |
Junior Achievement Usa Bridgeville, PA | $5,474,447 | $2,637,956 |