World Poultry Foundation Inc
- Assets
- $28.0m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Tucker, GA
- Founding
- 05/2007
- Data as of
- 12/2021
- EIN
- 91-1924876
Organization Overview
World Poultry Foundation Inc is located in Tucker, GA. The organization was established in 2007. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Poultry Foundation Inc 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 Poultry Foundation Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.5% each year . All expenses for the organization totaled $4.5m during the year ending 12/2021. While expenses have increased by 29.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE ECONOMIC DEVELOPMENT IN ECONOMICALLY DISTRESSED AREAS OUTSIDE OF THE UNITED STATES, BY PROVIDING TECHNICAL, EDUCATIONAL AND OTHER ASSISTANCE, TO FOSTER INTERNATIONAL GOODWILL AND PROMOTE INTERNATIONAL TRADE THROUGH SUCH CHARITABLE ASSISTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE ECONOMIC DEVELOPMENT IN ECONOMICALLY DISTRESSED AREAS OUTSIDE OF THE USA BY PROVIDING TECHNICAL, EDUCATIONAL, AND OTHER ASSISTANCE TO FOSTER THE DEVELOPMENT OF LOCAL POULTRY AND EGG INDUSTRIES BY PROVIDING GRANTS, DONATIONS, AND ASSISTANCE TO DOMESTIC AND FOREIGN POULTRY RELATED ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gordon Gossett CFO | OfficerTrustee | 8 | $136,200 |
Jim Sumner President | OfficerTrustee | 8 | $0 |
Mike Welch Vice Chairman | OfficerTrustee | 3 | $0 |
Elton Maddox Chairman | OfficerTrustee | 1 | $0 |
Jim Wayt Secretary | OfficerTrustee | 1 | $0 |
Mark Ham Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Excel Poultry Consultants Professional Services | 12/30/21 | $160,008 |
Richard Fritz & Assoc Professional Services | 12/30/21 | $149,600 |
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 | $1,795,940 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,795,940 |
| Total Program Service Revenue | $0 |
| Investment income | $345,383 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $459,970 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,601,293 |
| 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 | $3,305,427 |
| 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 | $553 |
| Fees for services: Accounting | $10,141 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $847,029 |
| Advertising and promotion | $10,710 |
| Office expenses | $18,439 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $92,120 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,770 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,459,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,810,155 |
| Savings and temporary cash investments | $609,566 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $700 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $23,594,144 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,014,565 |
| Accounts payable and accrued expenses | $42,155 |
| 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 | $42,155 |
| Net assets without donor restrictions | $25,046,694 |
| Net assets with donor restrictions | $2,925,716 |
| 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 | $28,014,565 |
Grants Awarded
Over the last fiscal year, World Poultry Foundation Inc has awarded $43,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ACUMEN PURPOSE: SOUTH AFRICA SMALL HOLDER FARMER TRAINING | $36,000 |
ROOSTER EXCHANGE PROGRAM PURPOSE: IMPROVE POULTRY GENETICS IN AREAS OF SUB-SAHARA AFRICA | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that World Poultry Foundation Inc has recieved totaling $1,795,940.
| Awarding Organization | Amount |
|---|---|
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: AGRICULTURAL DEVELOPMENT | $1,795,940 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
A J Fletcher Foundation Raleigh, NC | $168,653,502 | $53,698,336 |
Florida Gulf Coast University Financing Corporation Fort Myers, FL | $204,897,690 | $19,327,322 |
Hollingsworth Funds Inc Greenville, SC | $393,513,843 | $12,387,637 |
Dr Phillips Inc Orlando, FL | $219,173,154 | $19,084,709 |
Cf Foundation Inc Atlanta, GA | $60,851,215 | $5,130,874 |
The David Belk Cannon Foundation Gastonia, NC | $0 | $4,765,855 |
W I H Pitts Memorial Fund Ua 1125291 Orlando, FL | $81,861,752 | $8,345,825 |
World Poultry Foundation Inc Tucker, GA | $28,014,565 | $2,601,293 |
Seymour Family Foundation Irrev Charitable Trust Uad 12-21-15 Charlotte, NC | $3,421,952 | $6,290,943 |
Disease Management Network Inc Coral Gables, FL | $1,845,694 | $4,211,323 |
Greater Orlando Childrens Miracle Network Inc Orlando, FL | $3,305,504 | $3,670,113 |
Waterfall Foundation Inc Atlanta, GA | $17,781,141 | $467,284 |