World Renew
- Assets
- $34.7m
- Revenue
- $19.3m
- Investments
- $6.7k
- Employees
- 64
- Location
- Byron Center, MI
- Founding
- 02/1975
- Data as of
- 06/2022
- EIN
- 38-1708140
Organization Overview
World Renew is located in Byron Center, MI. The organization was established in 1975. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2022, World Renew employed 64 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. World Renew 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 06/2022, World Renew generated $19.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $17.6m during the year ending 06/2022. While expenses have increased by 6.1% per year over the past 7 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.
Since 2015, World Renew has awarded 38 individual grants totaling $1,312,172. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WORLD RENEW'S MISSION IS TO ENGAGE GOD'S PEOPLE IN REDEEMING RESOURCES AND DEVELOPING GIFTS IN COLLABORATIVE ACTS OF MERCY, JUSTICE, AND COMPASSION. THIS WORK, WHICH IS FOCUSED ON RELIEF AND COMMUNITY DEVELOPMENT,
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORLD RENEW WORKS IN COMMUNITY DEVELOPMENT BY TRAINING PEOPLE IN AGRICULTURE, HEALTH, INCOME EARNINGS, LITERACY, JUSTICE EDUCATION, SMALL BUSINESS DEVELOPMENT, AND LEADERSHIP SKILLS. OVER 207,600 INDIVIDUALS WERE SERVED THIS FISCAL YEAR.
WORLD RENEW PROVIDES DISASTER SURVIVORS WITH VOLUNTEER ASSISTANCE. WITHIN THE UNITED STATES APPROXIMATELY 600 VOLUNTEERS OFFERED OVER 47,000 VOLUNTEER HOURS SERVING TO CLEAR DEBRIS, ASSESS NEEDS, REPAIR AND BUILD HOMES.
WORLD RENEW EDUCATES CONSTITUENCY AND PROVIDES OPPORTUNITIES TO ENGAGE IN THEIR MISSION TO END POVERTY, HUNGER, AND INJUSTICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Bremer-Bennett Executive Director | Officer | 50 | $143,041 |
Rebecca Vanderzee Board President | OfficerTrustee | 5 | $0 |
Charles Adams Cod Representative | OfficerTrustee | 2 | $0 |
Jeff Banaszak Board Treasurer | OfficerTrustee | 2 | $0 |
Charles Udeh At Large Member | Trustee | 2 | $0 |
Monika Grasley At Large Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $7,551 |
| Government grants | $18,782,298 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,789,849 |
| Total Program Service Revenue | $0 |
| Investment income | $342,134 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$63 |
| Net Gain/Loss on Asset Sales | $102,289 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,259,033 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $168,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,157,155 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $206,729 |
| Compensation of current officers, directors, key employees. | $206,729 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,141,683 |
| Pension plan accruals and contributions | $461,457 |
| Other employee benefits | $1,070,249 |
| Payroll taxes | $297,345 |
| Fees for services: Management | $847,744 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $69,089 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,426 |
| Office expenses | $194,494 |
| Information technology | $457,796 |
| Royalties | $0 |
| Occupancy | $197,970 |
| Travel | $659,853 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $90,226 |
| Interest | $29,641 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $131,275 |
| Insurance | $62,829 |
| All other expenses | $0 |
| Total functional expenses | $17,628,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,364,280 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $180,936 |
| Accounts receivable, net | $320,532 |
| 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 | $933,655 |
| Net Land, buildings, and equipment | $5,478,553 |
| Investments—publicly traded securities | $18,614,500 |
| Investments—other securities | $6,745 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,773,187 |
| Total assets | $34,672,388 |
| Accounts payable and accrued expenses | $1,010,530 |
| Grants payable | $0 |
| Deferred revenue | $14,901 |
| 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 | $3,000,000 |
| Total liabilities | $4,025,431 |
| Net assets without donor restrictions | $16,140,434 |
| Net assets with donor restrictions | $14,506,523 |
| 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 | $34,672,388 |
Grants Awarded
Over the last fiscal year, World Renew has awarded $156,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH FLORIDA INLAND LONG TERM RECOVERY INC PURPOSE: Disaster | $50,000 |
JEFFERSON COUNTY LONG-TERM RECOVERY GROUP PURPOSE: Disaster | $35,000 |
CITIZENS OF GULF COUNTY RECOVER TEAM PURPOSE: Disaster | $20,000 |
GLORY HOUSE GLOBAL OUTREACH PURPOSE: Disaster | $10,000 |
LOUISIANA COMMUNITY ORGANIZATION FOR RURAL DEV PURPOSE: Disaster | $9,000 |
MAINLAND CHILDREN'S PARTNERSHIP INC PURPOSE: Disaster | $32,000 |