World Treasures Inc
- Assets
- $409.3k
- Revenue
- $722.4k
- Investments
- $0.0
- Employees
- 23
- Location
- Hagerstown, MD
- Founding
- 04/1996
- Data as of
- 06/2022
- EIN
- 52-1943055
Organization Overview
World Treasures Inc is located in Hagerstown, MD. The organization was established in 1996. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2022, World Treasures Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Treasures Inc 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 Treasures Inc generated $722.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $607.9k during the year ending 06/2022. While expenses have increased by 0.7% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
A NONPROFIT MARKETING PROGRAM THAT PROVIDES FAIR INCOME TO THIRD WORLD ARTISANS. ALSO USED BOOK RECYCLING ACTIVITIES AND OPERATION OF A THRIFT SHOP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEN THOUSAND VILLAGES - PROVIDES VITAL, FAIR INCOME TO THIRD WORLD PEOPLE BY MARKETING THEIR HANDICRAFTS AND TELLING THEIR STORIES IN NORTH AMERICA. TEN THOUSAND VILLAGES IS A NONPROFIT PROGRAM OF MENNONITE CENTRAL COMMITTEE OF AKRON, PA, WHICH IS A 501(C)(3) ORGANIZATION INVOLVED IN WORLDWIDE RELIEF AND DEVELOPMENT.
USED BOOK RECYCLING ACTIVITIES (BOOKSAVERS) - GENERATES ADDITIONAL REVENUE FOR MENNONITE CENTRAL COMMITTEE.
THRIFT SHOP - GENERATES ADDITIONAL REVENUE FOR MENNONITE CENTRAL COMMITTEE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jean Hart Chairperson | OfficerTrustee | 4 | $0 |
Lucinda Oberholzer Secretary | OfficerTrustee | 3 | $0 |
Carolyn Showalter Treasurer | OfficerTrustee | 7 | $0 |
Al Kennedy Director | Trustee | 1 | $0 |
Carole Smith Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $54,995 |
| All other contributions, gifts, grants, and similar amounts not included above | $40 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,035 |
| Total Program Service Revenue | $667,405 |
| Investment income | $0 |
| 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 | $722,440 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $269,840 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,938 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,900 |
| Advertising and promotion | $1,952 |
| Office expenses | $3,893 |
| Information technology | $1,268 |
| Royalties | $0 |
| Occupancy | $132,245 |
| Travel | $3,720 |
| 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 | $9,418 |
| Insurance | $0 |
| All other expenses | $24,691 |
| Total functional expenses | $607,906 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $312,426 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,484 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $51,036 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $39,891 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,500 |
| Total assets | $409,337 |
| Accounts payable and accrued expenses | $14,199 |
| 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 | $14,199 |
| Net assets without donor restrictions | $0 |
| 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 | $395,138 |
| Total liabilities and net assets/fund balances | $409,337 |