Parliament Of The Worlds Religions
- Assets
- $588.0k
- Revenue
- $234.9k
- Investments
- $0.0
- Employees
- 10
- Location
- Chicago, IL
- Founding
- 05/1989
- Data as of
- 12/2022
- EIN
- 36-3605228
Organization Overview
Parliament Of The Worlds Religions is located in Chicago, IL. The organization was established in 1989. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2022, Parliament Of The Worlds Religions employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parliament Of The Worlds Religions 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, Parliament Of The Worlds Religions generated $234.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (28.0%) each year. All expenses for the organization totaled $504.8k during the year ending 12/2022. 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
FOSTER INTER-RELIGIOUS DIALOGUE AND COORPERATION IN METROPOLITAN CHICAGO AND AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOTIVATED BY HOSPITALITY AND COMPASSION INHERENT IN THE WORLD'S RELIGIOUS AND SPIRITUAL TRADITIONS, THE COUNCIL CREATES OPEN FORUMS THROUGH PRESENTATIONS AND WORKSHOPS IN WHICH INDIVIDUALS, COMMUNITIES AND INSTITUTIONS OF GOODWILL AND HOPE COME TOGETHER. THE ORGANIZATION HOSTS A RELIGIOUS PARLIAMENT EVERY FOUR YEARS. THE 2023 PARLIAMENT WILL BE CELEBRATED IN CHICAGO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nitan Ajmera Chair | OfficerTrustee | 1 | $0 |
James Lynch Jr Vice Chair | OfficerTrustee | 1 | $0 |
Scott Stearman Vice Chair | OfficerTrustee | 1 | $0 |
Catovic Saffet Treasurer | OfficerTrustee | 1 | $0 |
Charline Manuel Secretary | OfficerTrustee | 1 | $0 |
Sahar Alsahlani Trustee | Trustee | 1 | $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 | $155,654 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $155,654 |
| Total Program Service Revenue | $0 |
| Investment income | $1,519 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$889 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $234,856 |
| 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. | $116,579 |
| Compensation of current officers, directors, key employees. | $38,277 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $213,369 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,562 |
| Payroll taxes | $30,848 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14 |
| Fees for services: Accounting | $10,853 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $843 |
| Advertising and promotion | $5,978 |
| Office expenses | $18,400 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,247 |
| Travel | $8,467 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,033 |
| Interest | $23,781 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,001 |
| Insurance | $4,775 |
| All other expenses | $0 |
| Total functional expenses | $504,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $472,671 |
| Savings and temporary cash investments | $10,155 |
| Pledges and grants receivable | $40,738 |
| 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 | $42,969 |
| Net Land, buildings, and equipment | $17,573 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,889 |
| Total assets | $587,995 |
| Accounts payable and accrued expenses | $36,929 |
| Grants payable | $0 |
| Deferred revenue | $726,484 |
| 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 | $343,906 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $154,583 |
| Total liabilities | $1,261,902 |
| Net assets without donor restrictions | -$479,490 |
| Net assets with donor restrictions | -$194,417 |
| 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 | $587,995 |
Grants Awarded
Over the last fiscal year, Parliament Of The Worlds Religions has awarded $47,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
COMPASSIONATE ATLANTA INC PURPOSE: Intern for social media and social media consultant to provide training | $6,000 |
MULTI FITH COUNCIL OF NW OHIO PURPOSE: Intern for social media and social media consultant to provide training | $6,000 |
CONNECTICUT COUNCIL FOR INTERRELIGIOUS UNDERSTANDING PURPOSE: Intern for social media and social media consultant to provide training | $6,000 |
COMPASSIONATE ACTION NETWORK PURPOSE: Intern for social media and social media consultant to provide training | $6,000 |
INTERFAITH CENTER OF GREATER PHILADELPHIA PURPOSE: Intern for social media and social media consultant to provide training | $6,000 |
CHARTER FOR COMPASSION INTERNATIONAL PURPOSE: Award for Spirit of Non-violence | $10,000 |