Bizworld Foundation
- Assets
- $867.9k
- Revenue
- $301.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Oakland, CA
- Founding
- 02/1998
- Data as of
- 08/2021
- EIN
- 94-3280297
Organization Overview
Bizworld Foundation is located in Oakland, CA. The organization was established in 1998. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 08/2021, Bizworld Foundation employed 5 individuals. This organization is the central organization for a national or regional group of organizations. Bizworld Foundation 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 08/2021, Bizworld Foundation generated $301.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $458.5k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (8.3%) per year over the past 6 years. 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 EMPOWER YOUTH TO BECOME 21ST-CENTURY THINKERS BY AWAKENING THEIR ENTREORENEURIAL SPIRIT, INSPIRING THEM TO BECOME THE ARCHITECTS OF THEIR FUTURES, AND GIVING THEM THE CONFIDENCE TO TRANSFORM THEIR WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR 21 YEARS, BIZWORLD.ORG (THE "ORGANIZATION") HAS BEEN TEACHING YOUTH ACCROSS THE U.S. AND IN 100 COUNTRIES AROUND THE WORLD HOW TO RUN A BUSINESS THROUGH OUR ENTREPRENEURSHIP PROGRAMS. OUR MISSION IS TO EMPOWER YOUTH TO BECOME 21ST CENTURY THINKERS BY AWAKENING THEIR ENTREPRENEURIAL SPIRIT, INSPIRING THEM TO BECOME THE ARCHITECTS OF THEIR FUTURES, AND GIVING THEM THE CONFIDENCE TO TRANSFORM THEIR COMMUNITIES. TODAY, BIZWORLD.ORG IS THE LARGEST TEACHER-LED ENTREPRENEURIAL PROGRAM IN THE WORLD, HAVING TAUGHT AND INSPIRED OVER 800,000 CHILDREN. BIZWORLD.ORG CURRENTLY OFFERS FOUR ENGAGING, PROJECT-BASED PROGRAMS: BIZWORLD, BIZWIZ, BIZMOVIE, AND YOUNG ENTREPRENEUR SUCCESS, AS WELL AS THE GIRLPRENEUR COMPETITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlene Vaca Interim CEO | Officer | 35 | $92,738 |
Timothy C Draper Founder | OfficerTrustee | 2 | $0 |
T Hale Boggs III Chairman | OfficerTrustee | 2 | $0 |
Jennifer Johnson Director | Trustee | 1 | $0 |
Steven Singer Director | Trustee | 1 | $0 |
Lisa Coca Director | Trustee | 1 | $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 | $111,238 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $111,238 |
| Total Program Service Revenue | $22,502 |
| Investment income | $10,696 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $143,206 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $13,191 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $301,637 |
| 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 | $298,700 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,785 |
| Payroll taxes | $25,692 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,100 |
| Fees for services: Accounting | $7,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,668 |
| Advertising and promotion | $21,923 |
| Office expenses | $4,002 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $303 |
| 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 | $16,938 |
| Insurance | $2,988 |
| All other expenses | $0 |
| Total functional expenses | $458,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,254 |
| Savings and temporary cash investments | $81,280 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $174 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,005 |
| Prepaid expenses and deferred charges | $557 |
| Net Land, buildings, and equipment | $33,512 |
| Investments—publicly traded securities | $686,791 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,306 |
| Total assets | $867,879 |
| Accounts payable and accrued expenses | $17,333 |
| 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 | $133,800 |
| Total liabilities | $151,133 |
| Net assets without donor restrictions | $46,746 |
| Net assets with donor restrictions | $670,000 |
| 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 | $867,879 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Bizworld Foundation has recieved totaling $58,843.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $53,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,825 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $18 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
T H I N K Together Santa Ana, CA | $21,163,923 | $75,709,835 |
Oregon Charter Academy Mill City, OR | $32,899,516 | $48,211,726 |
Associated Students Inc San Luis Obispo, CA | $11,685,936 | $19,727,613 |
Associated Students Inc California State University Fullerton Fullerton, CA | $22,440,353 | $22,369,454 |
Associated Students Of San Diego State University San Diego, CA | $30,778,404 | $21,344,021 |
California State University Fresno Association Inc Fresno, CA | $113,779,668 | $15,944,994 |
Forty-Niner Shops Inc Long Beach, CA | $22,900,172 | $18,721,159 |
University Student Union Of California State University Northr Northridge, CA | $10,981,881 | $16,476,738 |
Associated Students Calif State University Long Beach Long Beach, CA | $29,242,032 | $17,619,316 |
Associated Students Inc Calif State Poly University Pomona Pomona, CA | $43,036,726 | $21,400,695 |
Student Union Of San Jose State University San Jose, CA | $15,630,953 | $10,786,949 |
Associated Students Of California State University Sacramento Sacramento, CA | $14,200,718 | $8,069,770 |