World Education Fund
- Assets
- $45.9k
- Revenue
- $126.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 10/2017
- Data as of
- 12/2021
- EIN
- 81-4866306
Organization Overview
World Education Fund is located in Palo Alto, CA. The organization was established in 2017. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Education Fund 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 Education Fund generated $126.2k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $114.0k during the year ending 12/2021. While expenses have increased by 7.7% per year over the past 3 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 2018 WEF HAS PAID FOR SCHOOL FEES & EXPENSES E.G. TEXTBOOKS FOR NEEDY SECONDARY SCHOOL STUDENTS IN REMOTE WESTERN KENYA. STUDENTS ALSO GATHER WITH WEF'S LOCAL REPRESENTATIVE THE PASTOR OF A CHURCH & A WEF GRADUATE FOR EDUCATIONAL WORKSHOPS E.G. COMPUTER KEYBOARDING & MOTIVATION TO STAY IN SCHOOL. SCHOOLS PRE-SELECTED BY WEF IN PRIOR YEARS IDENTIFY ELIGIBLE STUDENTS AND THEN PROVIDE FEEDBACK ABOUT THEIR PROGRESS. COSTS FOR 2021 $8100 FEES WIRED TO 5 PUBLIC SCHOOLS FOR 81 STUDENTS $8100 FOR THEIR SCHOOL BOOKS & SUPPLIES $445 FOR 2 WORKSHOPS $100 LOCAL OPERATING EXPENSES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shan I Judy Severson Director President | 20 | $405 | |
Denis Severson Director Treasurer | 5 | $400 | |
Matthew Severson Director | 3 | $0 | |
Elizabeth Trueman Secretary | 5 | $0 | |
Alice Zhang Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $126,166 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $126,166 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $805 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,879 |
| Total operating and administrative expenses | $18,229 |
| Contributions, gifts, grants paid | $95,760 |
| Total expenses and disbursements | $113,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,860 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $45,860 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, World Education Fund has awarded $95,760 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
THE SCHOOL FUND PURPOSE: FUNDING FOR POOR STUDENTS: SCHOOL FEES & EXPENSES FOR 350+ SECONDARY & UNIVERSITY STUDENTS; SUPERVISED SCHOOL COMPUTER LABS; TEXTBOOK PROGRAM; STUDENT WORKSHOPS & CLUBS TO PROMOTE EDUCATION & PUBLIC SERVICE. EQUIVALENCY DETERMINATION OBTAINED. | $70,000 |
U-TENA YOUTH ORGANIZATION PURPOSE: EDUCATIONAL FUNDING FOR STUDENTS FROM POOR DISTRICTS IN NAIROBI: SCHOOL FEES & EXPENSES FOR 79 SECONDARY SCHOOL STUDENTS. EQUIVALENCY DETERMINATION OBTAINED. | $17,660 |
NAMBOBOTO BOYS' SECONDARY SCHOOL PURPOSE: SCHOOL FEES WIRED TO PUBLIC SECONDARY SCHOOLS FOR 36 STUDENTS FOR 2021-22 SCHOOL YEAR | $3,600 |
NYAKHOBI HIGH SCHOOL PURPOSE: SCHOOL FEES WIRED TO A PUBLIC SECONDARY SCHOOL FOR 20 STUDENTS FOR 2021-22 SCHOOL YEAR | $2,000 |
ST PETER'S BUSIBI GIRLS' SCHOOL PURPOSE: SCHOOL FEES WIRED TO A PUBLIC SECONDARY SCHOOL FOR 15 STUDENTS FOR 2021-22 SCHOOL YEAR | $1,500 |
NANGINA GIRLS'HIGH SCHOOL PURPOSE: SCHOOL FEES WIRED TO A PUBLIC SECONDARY SCHOOL FOR 5 STUDENTS FOR 2021-22 SCHOOL YEAR | $500 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that World Education Fund has recieved totaling $105,011.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $100,000 |
Herzing Foundation Inc Milwaukee, WI PURPOSE: OPERATIONS SUPPORT | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Magnolia Educational & Research Foundation Los Angeles, CA | $67,129,472 | $66,230,945 |
Panda Cares Foundation Inc Las Vegas, NV | $37,372,072 | $45,451,718 |
Xq Institute Oakland, CA | $14,589,368 | $51,717,404 |
Room To Read San Francisco, CA | $51,354,748 | $61,954,261 |
South Bay Workforce Investment Board Inc Hawthorne, CA | $7,623,488 | $36,083,167 |
Compass Charter Schools Thousand Oaks, CA | $14,467,036 | $29,961,787 |
New Teacher Center Santa Cruz, CA | $27,814,525 | $27,076,985 |
Alpha Public Schools Inc San Jose, CA | $20,794,542 | $26,321,038 |
Give To Learn To Grow Foundation Culver City, CA | $40,470 | $188,892 |
Live Oak A Learning Center For Children San Francisco, CA | $40,489,721 | $19,594,406 |
Biocomx Dana Point, CA | $308,692 | $15,969,949 |
Open Up Resources Menlo Park, CA | $29,661,554 | $16,279,319 |