World Education Fund
- Assets
- $21.2k
- Revenue
- $46.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 10/2017
- Data as of
- 12/2022
- 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 12/2022, World Education Fund generated $46.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (18.1%) each year. All expenses for the organization totaled $70.7k during the year ending 12/2022. 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
2022
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shan I Judy Severson Director President | 20 | $0 | |
Denis Severson Director Treasurer | 5 | $0 | |
Matthew Severson Director | 3 | $0 | |
Alice Zhang Director | 2 | $500 | |
Elizabeth Trueman Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $46,085 |
| 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 | $46,085 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $382 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,937 |
| Total operating and administrative expenses | $3,319 |
| Contributions, gifts, grants paid | $67,407 |
| Total expenses and disbursements | $70,726 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,778 |
| 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 | $3,441 |
| Other assets | $0 |
| Total assets | $21,219 |
| 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 $67,407 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE SCHOOL FUND PURPOSE: FUNDING FOR POOR STUDENTS: SCHOOL FEES & EXPENSES FOR 49 O-LEVEL & 72 A-LEVEL SECONDARY SCHOOL STUDENTS & 68 UNIVERSITY STUDENTS; SUPERVISED COMPUTER LABS; SECONDARY SCHOOL LUNCHES TEXTBOOK & SCHOOL SUPPLIES PROGRAM; LIBRARY REFERENCE BOOKS FOR 8 SCHOOLS; SANITARY TOWEL PROJECT FOR FEMALE SECONDARY SCHOOL STUDENTS; STUDENT WORKSHOPS CLUBS & VOLUNTEERISM ACTIVITIES TO PROMOTE EDUCATION & PUBLIC SERVICE. EQUIVALENCY DETERMINATION OBTAINED. | $33,800 |
U-TENA YOUTH ORGANIZATION PURPOSE: EDUCATIONAL FUNDING FOR 117 STUDENTS FROM POOR DISTRICTS IN NAIROBI: SCHOOL FEES & EXPENSES FOR SECONDARY STUDENTS. EQUIVALENCY DETERMINATION OBTAINED | $33,607 |