World Cube Association
- Assets
- $142.5k
- Revenue
- $352.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 10/2018
- Data as of
- 12/2022
- EIN
- 82-3825954
Organization Overview
World Cube Association is located in Los Angeles, CA. The organization was established in 2018. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Cube Association 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 Cube Association generated $352.9k in total revenue. All expenses for the organization totaled $257.7k during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO HAVE MORE COMPETITIONS IN MORE COUNTRIES WITH MORE PEOPLE AND MORE FUN, UNDER FAIR AND EQUAL CONDITIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR GOALS - THE WORLD CUBE ASSOCIATION WANTS TO BRING OPPORTUNITIES FOR COMMUNITY MEMBERSHIP AND LEADERSHIP TO YOUNG PEOPLE AROUND THE WORLD THROUGH INCREASING THE ACCESSIBILITY OF OUR TWISTY PUZZLE COMPETITIONS. THE WORLD CUBE ASSOCIATION HAS HAD OVER 200,000 UNIQUE COMPETITORS ACROSS 158 DIFFERENT REGIONS AND WE ARE NOT PLANNING ON SLOWING DOWN ANYTIME SOON THE CUBING COMMUNITY HAS BEEN GROWING STEADILY SINCE OUR FOUNDING IN 2004 AND WE WANT TO ENCOURAGE THIS TO CONTINUE INTO THE FUTURE BY INCREASING THE ACCESSIBILITY OF COMPETITIONS TO NEW AREAS. IN THE FUTURE, WE HOPE TO SUPPORT OUR COMMUNITY EVEN MORE THROUGH COLLABORATIONS AND OUTREACH TO THOSE WHO CARE ABOUT PUZZLES. EVERY TWO YEARS, WE SANCTION THE COMPETITION THAT ULTIMATELY DETERMINES THE WORLD CHAMPION. THESE EVENTS REQUIRE EXTREMELY CAREFUL PLANNING BY A NUMBER OF VOLUNTEERS, AS WELL AS A LARGE FINANCIAL COMMITMENT TO RESERVE THE VENUE AND MAKE NECESSARY PREPARATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blake Thompson Treasurer | Trustee | 1 | $0 |
Callum James Goodyear Secretary | Trustee | 1 | $0 |
Somya Srivastava Vice Chair | Trustee | 1 | $0 |
Ethan Pride Executive Director | OfficerTrustee | 20 | $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 | $39,543 |
| Noncash contributions included in lines 1a–1f | $38,840 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,543 |
| Total Program Service Revenue | $314,134 |
| Investment income | $206 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$950 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $352,933 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,000 |
| Fees for services: Accounting | $2,600 |
| 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 | $0 |
| Information technology | $40,562 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $257,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,226 |
| Savings and temporary cash investments | $70,357 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,656 |
| 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 | $46,462 |
| Other assets | $3,800 |
| Total assets | $142,501 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $142,501 |
| 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 | $142,501 |