World Treasures Inc
- Assets
- $348.9k
- Revenue
- $695.4k
- Investments
- $0.0
- Employees
- 23
- Location
- Hagerstown, MD
- Founding
- 04/1996
- Data as of
- 06/2021
- 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 06/2021, 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 06/2021, World Treasures Inc generated $695.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $564.2k during the year ending 06/2021. While expenses have increased by 0.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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 |
Craig Oury Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $71,814 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,283 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,097 |
| Total Program Service Revenue | $581,314 |
| 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 | $695,411 |
| 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 | $229,936 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,200 |
| 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 | $3,315 |
| Advertising and promotion | $3,469 |
| Office expenses | $3,248 |
| Information technology | $2,466 |
| Royalties | $0 |
| Occupancy | $124,863 |
| Travel | $3,267 |
| 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 | $8,985 |
| Insurance | $0 |
| All other expenses | $30,195 |
| Total functional expenses | $564,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,035 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,950 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $49,036 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $17,391 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,500 |
| Total assets | $348,912 |
| Accounts payable and accrued expenses | $13,313 |
| 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 | $54,995 |
| Other liabilities | $0 |
| Total liabilities | $68,308 |
| 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 | $280,604 |
| Total liabilities and net assets/fund balances | $348,912 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that World Treasures Inc has recieved totaling $336.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $336 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Technoserve Inc Arlington, VA | $114,276,337 | $96,632,627 |
Center For International Private Enterprise Inc Washington, DC | $7,049,189 | $42,269,562 |
Accion International Washington, DC | $386,472,102 | $4,901,116 |
International Budget Partnership Washington, DC | $22,613,845 | $10,208,589 |
The Global Development Incubator Inc Washington, DC | $19,206,818 | $12,212,974 |
Mennonite Economic Development Associates Lancaster, PA | $26,265,593 | $14,802,817 |
U S Russia Foundation For Ecnomic Advancement And The Rule Of Law Washington, DC | $338,533,234 | $10,918,102 |
International Economic Development Council Inc Washington, DC | $7,664,446 | $7,258,490 |
Grassroots Business Partners Inc Washington, DC | $4,894,378 | $2,765,853 |
Serrv International Inc Westminster, MD | $5,915,930 | $5,889,769 |
Junior Achievement Of Greater Washington Washington, DC | $13,546,976 | $4,222,443 |
Fairtrade America United Inc Washington, DC | $5,153,549 | $4,146,091 |