Web4good
- Assets
- $223.1k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Sunnyvale, CA
- Founding
- 02/2019
- Data as of
- 12/2019
- EIN
- 82-3499751
Organization Overview
Web4good is located in Sunnyvale, CA. The organization was established in 2019. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Web4good 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 12/2019, Web4good generated $1.6m in total revenue. All expenses for the organization totaled $1.4m during the year ending 12/2019. While expenses have increased by 606.5% per year over the past 2 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE SOCIETAL IMPACT OF THE WORLD WIDE WEB THROUGH CHARITABLE ACTIVITIES POWERED BY SCIENCE AND TECHNOLOGY. WEB4GOOD AIMS TO PROVIDE THE WORLD WITH A PREMIER FORUM FOR THE DISCUSSION AND DEBATE ABOUT THE EVOLUTION OF THE WEB, THE STANDARDIZATION OF ITS ASSOCIATED TECHNOLOGIES, AND THE IMPACT OF THOSE TECHNOLOGIES ON SOCIETY AND CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WEB CONFERENCE (FORMERLY KNOWN AS WWW CONFERENCE) IS A YEARLY INTERNATIONAL CONFERENCE ON RESEARCH RELATED TO THE WORLD WIDE WEB. THE CONFERENCE BEGAN IN 1994 AT CERN AND IS ORGANIZED EACH YEAR BY A LOCAL TEAM OF VOLUNTEERS IN DIFFERENT PARTS OF THE WORLD WHO COME TOGETHER TO ORGANIZE THE CONFERENCE IN COLLABORATION WITH THE INTERNATIONAL WORLD WIDE WEB CONFERENCES STEERING COMMITTEE (IW3C2). THE CONFERENCE AIMS TO PROVIDE THE WORLD WITH A PREMIER FORUM FOR DISCUSSION AND DEBATE ABOUT INFORMATION TECHNOLOGIES USED IN THE WEB AND ITS EVOLUTION, THE STANDARDIZATION OF ITS ASSOCIATED TECHNOLOGIES, AND THE IMPACT OF THOSE TECHNOLOGIES ON SOCIETY AND CULTURE. THE CONFERENCE BRINGS TOGETHER RESEARCHERS, POLICY MAKERS, DEVELOPERS, USERS AND COMMERCIAL VENTURES - INDEED ALL THOSE WHO ARE PASSIONATE ABOUT THE WEB AND WHAT IT HAS TO OFFER. IN MAY 2019, WEB4GOOD HOSTED THE WEB CONFERENCE IN SAN FRANCISCO, CALIFORNIA, TO CELEBRATE THE 30TH ANNIVERSARY OF THE WEB WITH MORE THAN 50% OF THE WORLD'S POPULATION ABLE TO ACCESS THE WEB VIA INTERNET. DURING THE WEEK WE REFLECTED ON THE PAST 30 YEARS OF THE WEB AND PLANNED TOGETHER FOR THE FUTURE OF IT, TO RETHINK A WEB THAT IS TRULY INCLUSIVE AND OPEN, A WEB FOR GOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ricardo Baeza-Yates Co-President | OfficerTrustee | 5 | $0 |
Leila Zia Co-President | OfficerTrustee | 5 | $0 |
Ben Steichen Treasurer | OfficerTrustee | 2 | $0 |
Ashish Goel Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| 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 | $369,190 |
| Noncash contributions included in lines 1a–1f | $5,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $369,190 |
| Total Program Service Revenue | $1,264,516 |
| Investment income | $594 |
| 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 | $1,634,300 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $387 |
| Grants and other assistance to Foreign Orgs/Individuals | $8,949 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,881 |
| Fees for services: Accounting | $4,741 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $774 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $232 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,351,146 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $930 |
| All other expenses | $0 |
| Total functional expenses | $1,373,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,944 |
| Savings and temporary cash investments | $199,787 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,346 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $223,077 |
| Accounts payable and accrued expenses | $2,525 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,525 |
| Net assets without donor restrictions | $220,552 |
| 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 | $223,077 |