World Affairs Council Of Kentucky Souther Indiana
- Assets
- $139.4k
- Revenue
- $287.4k
- Investments
- $0.0
- Employees
- 6
- Location
- Louisville, KY
- Founding
- 02/1986
- Data as of
- 06/2022
- EIN
- 61-1078276
Organization Overview
World Affairs Council Of Kentucky Souther Indiana is located in Louisville, KY. The organization was established in 1986. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, World Affairs Council Of Kentucky Souther Indiana employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Affairs Council Of Kentucky Souther Indiana 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 Affairs Council Of Kentucky Souther Indiana generated $287.4k 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 (6.1%) each year. All expenses for the organization totaled $260.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.0%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DELIVER OPPORTUNITIES FOR THE COMMUNITY TOCONNECT WITH GLOBAL LEADERS AND ENGAGE WITH PEERS ON INTERNATIONAL ISSUES. THROUGH A UNIQUELINEUP OF PROGRAMS, WORLD AFFAIRS COUNCIL IS THE REGIONAL HUB FOR INTERNATIONAL EXCHANGE,DIALOGUE AND LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXCHANGE PROGRAM-THE WORLD AFFAIRS COUNCIL (WAC) IS A COMMUNIY-BASED MEMBER ORGANIZATION FOR THEUS STATE DEPARTMENTS INTERNATIONAL VISTOR LEADERSHIP PROGRAM AND OTHER FEDERALLY-FUNDED EXCHANGEPROGRAMS. WAC DEVELOPS PROFESSIONAL AND CULTURAL PROGRAMS FOR 200-300 OFFICIAL VISITORS EACH YEARTHAT VISIT KENTUCKY/SO. INDIANA AS GUESTS OF THE US GOVERNMENT. CITIZEN DIPLOMACY PROGRAMS SUCHAS THESE SERVE A VITAL ROLE NOT ONLY IN IMPROVING UNDERSTANDING OF AMERICA ABROAD, BUT ALSO INASSISTING LEADERS FROM AROUND THE WORLD IN DEVELOPING THE CAPACITY OF THEIR NATIONS TO HELP THEIRCITIZENS IMPROVE THEIR LIVES. IT ALSO PROVIDES AMERICANS AN OPPORTUNITY TO BROADEN THEIRUNDERSTANDING AND APPRECIATION OF DIVERSE CULTURES AND BELIEFS. THESE PROGRAMS SUPPORT GLOBALPEACE AND COLLABORATION.
SPEAKER SERIES - REGULAR SPEAKERS SERIES DIRECTLY ENGAGE THE COMMUNITY WITH EXPERTS AND DIPLOMATSON A VARIETY OF INTERNATIONAL ISSUES. WAC HAS EXCLUSIVE ACCESS TO SOME OF THE MOST INFLUENTIALAND EXPERIENCED DIPLOMATS, POLICY MAKERS AND THOUGHT LEADERS IN THE U.S. AND ABROAD. THROUGH OURSIGNATURE SPEAKER SERIES AND POP-UP TALKS, WE CONNECT THE COMMUNITY ON TIMELY GLOBAL ISSUES THATELEVATES THEIR WORK, LIFE AND LEARNING.
LEARNING PROGRAMS - EDUCATION IS AT THE HEART OF WACS MISSION. WE HELP STUDENTS TO EXPAND THEIRWORLD THROUGH THE STATE-WIDE ACADEMIC WORLDQUEST COMPETITION, OPPORTUNITY TO STUDY/RESEARCHABROAD THROUGH THE HERSHBERG SCHOLARSHIP, AND PREPARE TO BE GLOBAL-READY WITH THE GLOBALCITIZENSHIP PROGRAM. IN DOING SO, WE PROVIDE EDUCATORS AND SCHOOLS WITH THE RESOURCES TO PREPARESTUDENTS TO MEET THEIR CULTURAL COMPETENCY GOALS AND TO BE GLOBAL CITIZENS FOR THE INTERNATIONALCHALLENGES OF TOMORROW
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Xiao Yin Zhao Executive Director | Officer | 40 | $53,583 |
Christina Milner Chair - Board Of Directors | Trustee | 1 | $0 |
Gloria Murray Board Of Directors | Trustee | 1 | $0 |
Bashar Masri Board Of Directors | Trustee | 1 | $0 |
Wendy Sirchio Board Of Directors | Trustee | 1 | $0 |
Renee Campbell Board Of Directors | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $21,892 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $23,052 |
| All other contributions, gifts, grants, and similar amounts not included above | $198,680 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $243,624 |
| Total Program Service Revenue | $43,785 |
| Investment income | $2 |
| 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 | $287,411 |
| 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 | $153,664 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,746 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,934 |
| Office expenses | $7,936 |
| Information technology | $5,922 |
| Royalties | $0 |
| Occupancy | $6,000 |
| 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 | $3,127 |
| Insurance | $7,416 |
| All other expenses | $0 |
| Total functional expenses | $260,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,397 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,955 |
| 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 | $0 |
| Net Land, buildings, and equipment | $25,012 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $139,364 |
| Accounts payable and accrued expenses | $2,937 |
| 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 | $6,664 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,601 |
| Net assets without donor restrictions | $129,763 |
| 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 | $139,364 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that World Affairs Council Of Kentucky Souther Indiana has recieved totaling $18.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $18 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Music And Event Management Inc Cincinnati, OH | $33,809,112 | $73,072,797 |
Cuyahoga County Convention Facilities Development Corporation Cleveland, OH | $27,851,572 | $49,456,687 |
Puerto Rican Cultural Center Chicago, IL | $9,175,566 | $9,769,703 |
Clay Center For The Arts & Sciences Of West Virginia Inc Charleston, WV | $104,991,627 | $9,740,232 |
United States Artists Inc Chicago, IL | $40,639,117 | $6,830,121 |
Coalition To Salute Americas Heroes Foundation Leesburg, VA | $3,573,595 | $8,478,376 |
Center Of Creative Arts Saint Louis, MO | $22,497,336 | $9,712,696 |
Music City Inc Nashville, TN | $1,837,848 | $7,930,504 |
Crosstown Arts Memphis, TN | $38,457,214 | $4,680,625 |
Bertha D Garten Ketcham Memorial Center Inc Odon, IN | $9,035,091 | $6,675,118 |
Kranzberg Arts Foundation St Louis, MO | $18,112,007 | $6,602,930 |
The Center For The Performing Arts Inc Carmel, IN | $11,269,434 | $4,631,898 |