World Federation Of Direct Selling Associations is located in Washington, DC. The organization was established in 1986. According to its NTEE Classification (Q99) the organization is classified as: International, Foreign Affairs & National Security N.E.C., under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, World Federation Of Direct Selling Associations employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Federation Of Direct Selling Associations is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, World Federation Of Direct Selling Associations generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $874.4k during the year ending 12/2021. While expenses have increased by 0.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD UNDERSTANDING AND SUPPORT FOR DIRECT SELLING WORLDWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCACY: INDUSTRY SURVEYS AND STUDIES USED TO DEVELOP STRATEGY TO SECURE POSITIVE IMAGE OF THE INDUSTRY.
ASSOCIATION SERVICES: ASSISTANCE TO DIRECT SELLING ASSOCIATIONS IN DEVELOPING ADMINISTRATIVE POLICIES, MEMBER SERVICES, AND RELATIONS WITH OUTSIDE PARTIES, E.G. CONSUMER ADVOCATES AND ACADEMICIANS.
REGULATORY COMMITTEE; IDENTIFICATION OF LEGAL/REGULATORY ISSUES OF IMPORTANCE TO THE WORLDWIDE INDUSTRY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tamuna Gabilaia Executive Director And Chi | Officer | 40 | $276,712 |
Maureen Paniagua Director Of International Affairs | 40 | $121,490 | |
Roger Barnett Chairman | OfficerTrustee | 1 | $0 |
Magnus Brannstrom Vice Chairman | OfficerTrustee | 1 | $0 |
David B Holl Treasurer | OfficerTrustee | 1 | $0 |
Lam Yu Vice Chairman | OfficerTrustee | 1 | $0 |
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 | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $1,215,871 |
Investment income | $34,303 |
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 | $1,250,174 |
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 | $11,000 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $303,257 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $80,597 |
Pension plan accruals and contributions | $15,974 |
Other employee benefits | $47,910 |
Payroll taxes | $25,037 |
Fees for services: Management | $0 |
Fees for services: Legal | $1,191 |
Fees for services: Accounting | $62,712 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $11,624 |
Fees for services: Other | $178,409 |
Advertising and promotion | $0 |
Office expenses | $7,775 |
Information technology | $26,646 |
Royalties | $0 |
Occupancy | $0 |
Travel | $2,961 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $7,536 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $6,476 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $874,357 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,326,858 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $221,881 |
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 | $1,413 |
Net Land, buildings, and equipment | $3,782 |
Investments—publicly traded securities | $1,945,382 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $3,499,316 |
Accounts payable and accrued expenses | $47,842 |
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 | $47,842 |
Net assets without donor restrictions | $3,451,474 |
Net assets with donor restrictions | $0 |
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 | $3,499,316 |
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