Parliament Of The Worlds Religions
- Assets
- $234.1k
- Revenue
- $809.2k
- Investments
- $0.0
- Employees
- 7
- Location
- Chicago, IL
- Founding
- 05/1989
- Data as of
- 12/2021
- 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 12/2021, Parliament Of The Worlds Religions employed 7 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 12/2021, Parliament Of The Worlds Religions generated $809.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.1%) each year. All expenses for the organization totaled $520.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (19.4%) per year over the past 7 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
2021
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 2021 PARLIAMENT WAS HELD VIRTUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Avino COO | Officer | 40 | $90,000 |
Saffet Abid Catovic Treasurer | OfficerTrustee | 1 | $0 |
Charline Manuel Secretary | OfficerTrustee | 1 | $0 |
Nitan Ajmera Chair | OfficerTrustee | 1 | $0 |
Dr Dolly Dastoor Vice Chair | OfficerTrustee | 1 | $0 |
Scott Stearman Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $124,535 |
| All other contributions, gifts, grants, and similar amounts not included above | $338,199 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $462,734 |
| Total Program Service Revenue | $308,776 |
| Investment income | $105 |
| 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 | $809,223 |
| 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. | $96,528 |
| Compensation of current officers, directors, key employees. | $29,758 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $203,871 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,635 |
| Payroll taxes | $26,534 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $51 |
| Fees for services: Accounting | $4,649 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $757 |
| Advertising and promotion | $61,589 |
| Office expenses | $33,247 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,692 |
| Travel | $2,782 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $33,226 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,678 |
| Insurance | $4,025 |
| All other expenses | $4,932 |
| Total functional expenses | $520,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,402 |
| Savings and temporary cash investments | $60,819 |
| Pledges and grants receivable | $91,550 |
| 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 | $7,923 |
| Net Land, buildings, and equipment | $6,551 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,889 |
| Total assets | $234,134 |
| Accounts payable and accrued expenses | $20,264 |
| Grants payable | $0 |
| Deferred revenue | $12,533 |
| 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 | $455,450 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $149,900 |
| Total liabilities | $638,147 |
| Net assets without donor restrictions | -$325,359 |
| Net assets with donor restrictions | -$78,654 |
| 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 | $234,134 |
Grants Awarded
Over the last fiscal year, Parliament Of The Worlds Religions has awarded $47,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Bainbridge Island, WA PURPOSE: Award for Spirit of Non-violence | $10,000 |
UTAH TIBETAN ASSOCIATION PURPOSE: General purpose grant | $7,500 |
Hartford, CT PURPOSE: Intern for social media and social media consultant to provide training | $6,000 |
Philadelphia, PA PURPOSE: Intern for social media and social media consultant to provide training | $6,000 |
Sylvania, OH PURPOSE: Intern for social media and social media consultant to provide training | $6,000 |
Atlanta, GA PURPOSE: Intern for social media and social media consultant to provide training | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Parliament Of The Worlds Religions has recieved totaling $39,392.
| Awarding Organization | Amount |
|---|---|
John E Fetzer Institute Inc Kalamazoo, MI PURPOSE: SPONSOR OF PARLIAMENT OF THE WORLD'S RELIGIONS 2021 VITUAL CONFERENCE | $25,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $8,217 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $6,175 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bethany Lutheran Homes Inc La Crosse, WI | $102,810,906 | $37,603,425 |
St Paul Elder Services Inc Kaukauna, WI | $41,952,287 | $25,919,489 |
Good Neighbor Society Manchester, IA | $17,383,047 | $14,618,459 |
Our Lady Of Angels Retirement Home Joliet, IL | $4,374,771 | $9,679,285 |
Mount St Joseph Lake Zurich, IL | $18,625,069 | $8,392,155 |
Fabricators & Manufacturers Association International Elgin, IL | $36,664,883 | $10,492,496 |
St Josephs Home Of Springfield Springfield, IL | $6,765,138 | -$5,947,093 |
Plain Church Medical Group Inc Arthur, IL | $1,903,756 | $9,584,459 |
Lutheran Home For The Aged Development Corp Prairie View Luth Danforth, IL | $5,765,834 | $9,143,268 |
Holy Spirit Retirement Home Inc Sioux City, IA | $7,907,297 | $9,080,099 |
Brahmananda Saraswati Yagya Foundation Fairfield, IA | $15,294,355 | $10,246,793 |
Indianapolis Center For Congregations Inc Indianapolis, IN | $32,027,513 | $626,552 |