Trusted World Foundation
- Assets
- $1.7m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 6
- Location
- Garland, TX
- Founding
- 01/2014
- Data as of
- 12/2021
- EIN
- 45-5264332
Organization Overview
Trusted World Foundation is located in Garland, TX. The organization was established in 2014. According to its NTEE Classification (P19) the organization is classified as: Support N.E.C., under the broad grouping of Human Services and related organizations. As of 12/2021, Trusted World Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trusted World Foundation 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, Trusted World Foundation generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.2% each year . All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 21.4% per year over the past 6 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 2019, Trusted World Foundation has awarded 84 individual grants totaling $2,324,197. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE COMMITTED TO PROVIDING THE BEST RESOURCES, AT NO COST, TO PEOPLE OR ORGANIZATIONS WHO ARE PROVIDING SERVICES ON SOMEONE ELSE'S BEHALF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING CLOTHING, FOOD, AND PERSONAL CARE ITEMS TO OUR CLIENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Garrett CEO | OfficerTrustee | 40 | $111,800 |
Gabrielle Madison Vice Chair | OfficerTrustee | 1 | $0 |
Monica Jolla Jackson Treasurer | OfficerTrustee | 1 | $0 |
Timothy Bray Secretary | OfficerTrustee | 1 | $0 |
Eva Hummel Director | Trustee | 1 | $0 |
James Thomas Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,143 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,745,444 |
| Noncash contributions included in lines 1a–1f | $2,070,819 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,750,587 |
| Total Program Service Revenue | $0 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,035 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,777,202 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,222,172 |
| 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. | $111,800 |
| Compensation of current officers, directors, key employees. | $27,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $132,175 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,315 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $45,500 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,117 |
| Advertising and promotion | $10,181 |
| Office expenses | $6,793 |
| Information technology | $9,371 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,226 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,850,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,533 |
| Savings and temporary cash investments | $77,597 |
| 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 | $1,439,240 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $18,429 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,333 |
| Total assets | $1,680,132 |
| Accounts payable and accrued expenses | $18,683 |
| 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 | $18,683 |
| Net assets without donor restrictions | $1,631,449 |
| Net assets with donor restrictions | $30,000 |
| 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 | $1,680,132 |
Grants Awarded
Over the last fiscal year, Trusted World Foundation has awarded $1,085,874 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
Dallas, TX PURPOSE: LIVING ASSISTANCE | $235,821 |
Washington, DC PURPOSE: LIVING ASSISTANCE | $142,486 |
Dallas, TX PURPOSE: LIVING ASSISTANCE | $95,953 |
Dallas, TX PURPOSE: LIVING ASSISTANCE | $62,483 |
Dallas, TX PURPOSE: LIVING ASSISTANCE | $52,813 |
GREENVILLE ISD PURPOSE: LIVING ASSISTANCE | $39,656 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Trusted World Foundation has recieved totaling $248,363.
| Awarding Organization | Amount |
|---|---|
Christian Community Foundation Inc Colorado Springs, CO PURPOSE: GENERAL SUPPORT | $216,000 |
State Fair Of Texas Dallas, TX PURPOSE: SOUTH DALLAS SERVICE AREA SPONSORSHIP | $15,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $10,000 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $6,072 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $291 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sol Care Services Inc Pharr, TX | $783,235 | $9,414,594 |
Allen Community Outreach Allen, TX | $5,306,169 | $7,386,695 |
Interfaith Family Services Dallas, TX | $16,288,869 | $3,010,094 |
Open Door Mission Houston, TX | $3,700,671 | $2,681,570 |
Alliance Of Community Assistance Ministries Inc Houston, TX | $2,037,353 | $3,363,291 |
United Way Of Midland Inc Midland, TX | $10,242,338 | $2,432,604 |
Trusted World Foundation Garland, TX | $1,680,132 | $2,777,202 |
Positive Tomorrows Villa Campus Inc Oklahoma City, OK | $13,161,961 | $276,728 |
Cartmell Foundation Inc Palestine, TX | $16,463,884 | $658,879 |
Frost & Sullivan Institute San Antonio, TX | $9,106,452 | $698,328 |
Texas Lighthouse Foundation Inc Galveston, TX | $507,583 | $950,707 |
Orphan Secure Lewisville, TX | $51,756 | $679,521 |