World Affairs Council Of Charlotte is located in Charlotte, NC. The organization was established in 1985. According to its NTEE Classification (Q05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, World Affairs Council Of Charlotte employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Affairs Council Of Charlotte 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, World Affairs Council Of Charlotte generated $410.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $554.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 7 years. 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
BY SERVING AS A REGIONAL CENTER FOR EDUCATION AND DISCUSSION OF WORLD AFFAIRS, THE COUNCIL SEEKS TO PROVIDE LEADERSHIP FOR GLOBAL THINKING, BELIEVING THAT A BROAD PERSPECTIVE IS NECESSARY FOR EFFECTIVE COMPETITION IN THE GLOBAL ECONOMY AND FOR RESPONSIBLE CITIZENSHIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
BY SERVING AS A REGIONAL CENTER FOR EDUCATION AND DISCUSSION OF WORLD AFFAIRS, THE COUNCIL SEEKS TO PROVIDE LEADERSHIP FOR GLOBAL THINKING, BELIEVING THAT A BROAD PERSPECTIVE IS NECESSARY FOR EFFECTIVE COMPETITION IN THE GLOBAL ECONOMY AND FOR RESPONSIBLE CITIZENSHIP. MAJOR EDUCATIONAL PROGRAMSSPEAKER SERIES: EACH YEAR, THE WAC CHARLOTTE RECRUITS INTERNATIONALLY RENOWNED GOVERNMENT LEADERS, AUTHORS AND POLICY MAKERS FOR THE WACC SPEAKER SERIES PROGRAM. SELECTED SPEAKERS PRESENT ON DIVERSE TOPICS TO INCLUDE THE GLOBAL ECONOMIC CRISIS, ENERGY POLICY AND CLIMATE CHANGE, CURRENT EVENTS, GLOBAL HEALTH, NATIONAL AND GLOBAL SECURITY, FOREIGN POLICY, PUBLIC DIPLOMACY AND INTERNATIONAL AFFAIRS. DISTINGUISHED SPEAKER SERIES: BEGINNING IN 2020, THE COUNCIL BEGAN PRODUCING VIRTUAL PROGRAMMING, INCLUDING WEBINARS AND MEETINGS. THE COUNCIL HOSTS AMBASSADORS, ACADEMICS, ECONOMISTS, JOURNALISTS, ETC. FROM AROUND THE WORLD IN A VIRTUAL PROGRAMMING MODEL.AMBASSADORS CIRCLE SERIES: CURRENT AND FORMER AMBASSADORS AND HIGH-RANKING GOVERNMENT OFFICIALS WHO VISIT CHARLOTTE OFTEN TALK ABOUT THE RELATIONSHIP OF THE U.S. WITH COUNTRIES AROUND THE WORLD AND THE BENEFITS OF THOSE STRATEGIC DIPLOMATIC PARTNERSHIPS THROUGH THE AMBASSADORS CIRCLE SERIES.CEO SERIES: THE COUNCILS CEO SPEAKER SERIES HOSTS CHIEF EXECUTIVE OFFICERS FROM ORGANIZATIONS HEADQUARTERED IN THE GREATER CHARLOTTE AREA WHO SHARE INFORMATION ABOUT THEIR RESPECTIVE COMPANIES FROM A GLOBAL PERSPECTIVE, THE ROLE THEY PLAY IN ECONOMIES WORLDWIDE AND THEIR VIEWS OF THE GLOBAL ECONOMY AND FINANCIAL MARKETS ACROSS THE WORLD.WORLDQUEST: TEAMS FROM THE CHARLOTTE COMMUNITY, FORMED BY UNIVERSITIES, CORPORATIONS, SOCIAL GROUPS, ETC. ARE INVITED TO COMPETE FOR AWARDS IN THIS INTERNATIONAL TRIVIA COMPETITION. THOUGH WORLDQUEST WAS ORIGINALLY CREATED FOR ADULTS, THE OVERWHELMING POPULARITY LED TO THE COUNCIL OFFERING ACADEMIC WORLDQUEST FOR LOCAL HIGH SCHOOL STUDENTS. ACADEMIC WORLDQUEST: BASED ON THE ADULT MODEL, TEAMS FROM LOCAL PUBLIC AND PRIVATE HIGH SCHOOLS IN MECKLENBURG AND SURROUNDING COUNTIES ARE INVITED TO COMPETE FOR AWARDS IN THIS INTERNATIONAL TRIVIA COMPETITION. THIS EVENT HAS GAINED IN POPULARITY SO THAT MANY SCHOOLS HAVE AN ACADEMIC WORLDQUEST COACH AND STUDENTS COMPETE FOR THE HONOR OF REPRESENTING THEIR SCHOOLS. COUNCIL SCHOLARS: THIS PROGRAM RECOGNIZES OUTSTANDING CHARLOTTE AREA TEACHERS, GRADES PK-12, WHO HAVE DEMONSTRATED A COMMITMENT TO, AND INTEREST IN INTERNATIONAL EDUCATION. EACH AWARD OF $2,500 MAY BE USED TO ATTEND INTERNATIONAL/DOMESTIC CONFERENCES OR TO PARTICIPATE IN STUDY ABROAD PROGRAMS. MANY TEACHERS USE THESE FUNDS FOR TRAVEL AND ARE ABLE TO BRING BACK AND SHARE WITH THEIR STUDENTS NEW PERSPECTIVES, ENRICHING AND ENHANCING THE CLASSROOM EXPERIENCE.YOUNG PROFESSIONALS OF WACC (YPWACC) YPWACC IS A NETWORK OF INTERNATIONALLY MINDED YOUNG PROFESSIONALS IN THE CHARLOTTE AREA COMMITTED TO ENGAGING IN SOCIAL AND EDUCATIONAL ACTIVITIES THAT PROMOTE GLOBAL AND CULTURAL UNDERSTANDING. YPWACC IS DEDICATED TO ENCOURAGING YOUNG ADULTS (AGES 21-40) TO "BRING THE WORLD TO CHARLOTTE" THROUGH EVENTS SUCH AS THE YOUNG LEADERS GLOBAL SPOTLIGHT SERIES, GLOBAL SOCIAL HAPPY HOURS, INTERNATIONAL CAREER PANELS AND ADVENTURES IN DINING.WORLD CITIZEN AWARD DINNER: THE WORLD CITIZEN AWARD DINNER HAS BECOME AN IMPORTANT PART OF THE EDUCATIONAL AND INTERNATIONAL FABRIC OF THE QUEEN CITY. THE CHARLOTTE COUNCIL ANNUALLY PRESENTS THE WORLD CITIZEN AWARD TO A PROMINENT INDIVIDUAL OR ORGANIZATION THAT HAS ENHANCED OUR COMMUNITYS GLOBAL STANDING THROUGH ACCOMPLISHMENTS OF INTERNATIONAL SIGNIFICANCE. EACH YEAR, A CAPACITY AUDIENCE GATHERS TO CELEBRATE AND RECOGNIZE THE ACHIEVEMENTS OF THE AWARD RECIPIENTS. THIS EVENT WAS POSTPONED UNTIL 2022 DUE TO COVID.BUSINESS BREAKFAST SERIES: FOR A LOCAL PERSPECTIVE ON THE ECONOMY, THE BUSINESS BREAKFAST SERIES PROVIDES INSIGHT FROM CHARLOTTE-AREA BUSINESS EXPERTS AND KEY DECISION-MAKERS ABOUT THE IMPACT OF GLOBAL EVENTS ON NORTH CAROLINA AND THE CHARLOTTE COMMUNITY.GREAT DECISIONS: CO-SPONSORED TOGETHER WITH UNC CHARLOTTE, THE GREAT DECISIONS PROGRAM HIGHLIGHTS EIGHT OF THE MOST THOUGHT-PROVOKING FOREIGN POLICY CHALLENGES FACING AMERICANS EACH YEAR. GREAT DECISIONS PROVIDES BACKGROUND INFORMATION, CURRENT DATA AND POLICY OPTIONS FOR EACH ISSUE AND SERVES AS THE FOCAL TEXT FOR DISCUSSION GROUPS.
TRAVEL ADVANTAGE PROGRAM THROUGH THE WACC TRAVEL ADVANTAGE PROGRAM, MEMBERS ARE ABLE TO PARTICIPATE IN INTERNATIONAL TRAVEL OPPORTUNITIES THAT INCLUDE SIGHTSEEING HIGHLIGHTS, IN ADDITION TO SPECIAL BRIEFINGS AND BEHIND THE SCENE TOURS PRESENTED BY POLITICAL LEADERS AND LOCAL EXPERTS. MOST RECENTLY, WACC MEMBERS TRAVELED TO CHILE AND ARGENTINA (MARCH 2020), GREECE (SEPTEMBER 2019), PERU (MAY 2019), JAPAN (OCTOBER 2018), INDIA (OCTOBER 2017), MITTEL EUROPE (MAY 2017), NORTHERN ITALY (SEPTEMBER 2016), AND VIETNAM/CAMBODIA/THAILAND (APRIL 2016). BASQUE COUNTRY (2021) WAS RESCHEDULED TO 2022 DUE TO COVID.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ljubomir Stambuk President & CEO | Officer | 40 | $206,667 |
Hon Wayne P Cooper Chair | OfficerTrustee | 1 | $0 |
Mr Michael Mcnamara Treasurer | OfficerTrustee | 1 | $0 |
Hon Millie Cox Past Chair | OfficerTrustee | 1 | $0 |
Mr Dwight Gibson Director | Trustee | 1 | $0 |
Mr Michael Gwyn Director | Trustee | 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 | $39,895 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $39,895 |
Total Program Service Revenue | $222,865 |
Investment income | $18 |
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 | $410,924 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $873 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $206,667 |
Compensation of current officers, directors, key employees. | $31,000 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $170,312 |
Pension plan accruals and contributions | $11,106 |
Other employee benefits | $41,612 |
Payroll taxes | $24,949 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $10,638 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $4,611 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $1,051 |
Information technology | $3,545 |
Royalties | $0 |
Occupancy | $0 |
Travel | $43,492 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $4,641 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $337 |
Insurance | $2,760 |
All other expenses | $8,770 |
Total functional expenses | $554,161 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $293,188 |
Savings and temporary cash investments | $153,929 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $380 |
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 | $14,726 |
Net Land, buildings, and equipment | $336 |
Investments—publicly traded securities | $0 |
Investments—other securities | $599,049 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,061,608 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $443,491 |
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 | $3,910 |
Total liabilities | $447,401 |
Net assets without donor restrictions | -$34,473 |
Net assets with donor restrictions | $648,680 |
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 | $1,061,608 |
Over the last fiscal year, we have identified 4 grants that World Affairs Council Of Charlotte has recieved totaling $84,696.
Awarding Organization | Amount |
---|---|
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $53,540 |
Presbyterian Hospital Winston Salem, NC PURPOSE: COMMUNITY OUTREACH | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,116 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $40 |
Beg. Balance | $561,269 |
Earnings | $67,181 |
Admin Expense | $4,611 |
Other Expense | $24,790 |
Ending Balance | $599,049 |
Organization Name | Assets | Revenue |
---|---|---|
International Livestock Research Institute Alexandria, VA | $103,836,000 | $97,042,000 |
Organization For Tropical Studies Inc Durham, NC | $14,310,445 | $4,521,186 |
Advance Democracy Inc Mclean, VA | $4,133,329 | $4,369,925 |
William Novick Global Cardiac Alliance Inc Memphis, TN | $824,039 | $872,939 |
Association For Diplomatic Studies & Training Arlington, VA | $1,226,815 | $1,186,094 |
Global Health Council Inc Alexandria, VA | $2,175,090 | $1,943,991 |
Global Development Network Inc Arlington, VA | $586,685 | $373,850 |
Political And Economic Research Council Durham, NC | $102,140 | $496,259 |
World Affairs Council Of Charlotte Charlotte, NC | $1,061,608 | $410,924 |
Center For The Study Of Islam And Democracy Inc Arlington, VA | $162,123 | $386,655 |
Korea Defense Veterans Association Gainesville, VA | $169,628 | $435,746 |
Robert M Gates Global Policy Center Newington, VA | $131,871 | $374,292 |