World Outreach Fund
- Assets
- $26.3m
- Revenue
- $4.2m
- Investments
- $719.3k
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 07/1983
- Data as of
- 12/2022
- EIN
- 95-3849002
Organization Overview
World Outreach Fund is located in Atlanta, GA. The organization was established in 1983. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Outreach 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 Outreach Fund generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 45.7% each year . All expenses for the organization totaled $3.7m during the year ending 12/2022. While expenses have increased by 45.5% 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.
Since 2015, World Outreach Fund has awarded 235 individual grants totaling $7,997,154. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE ELDERLY AND HANDICAPPED PERSONS OR LOW INCOME FAMILIES WITH HOUSING FACILITIES AND SERVICES DESIGNED TO MEET PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY, AND HAPPINESS. THE ORGANIZATION'S PURPOSE ALSO INCLUDES SUPPORT FOR OTHER CHARITABLE MISSIONS, BENEVOLENCE, HUMANITARIAN WORKS AND OUTREACH PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SUPPORT TO OTHER QUALIFYING CHARITABLE ORGANIZATIONS IN ORDER TO FURTHER THE HUMANITARIAN OUTREACH MISSIONS OF THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald E Eickhoff President/director | OfficerTrustee | 40 | $155,000 |
Joseph F Glenn Vice President | OfficerTrustee | 1 | $39,490 |
Reynolds Delisle Executive Director | OfficerTrustee | 40 | $72,000 |
Neill Faucett Director | Trustee | 1 | $0 |
Terri Jones Director | Trustee | 1 | $0 |
Bill Neidlinger Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $48,125 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,620,895 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,669,020 |
| Total Program Service Revenue | $0 |
| Investment income | $680,473 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$186,088 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,163,405 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,812,784 |
| 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. | $266,494 |
| Compensation of current officers, directors, key employees. | $191,743 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,718 |
| Payroll taxes | $23,634 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,800 |
| Fees for services: Accounting | $12,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,646 |
| Advertising and promotion | $1,682 |
| Office expenses | $14,334 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,890 |
| 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 | $15,453 |
| All other expenses | $0 |
| Total functional expenses | $3,705,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,456,463 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,961 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $18,997,535 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $161,543 |
| Net Land, buildings, and equipment | $244,000 |
| Investments—publicly traded securities | $3,704,685 |
| Investments—other securities | $719,330 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $26,294,517 |
| 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 | $92,927 |
| Total liabilities | $92,927 |
| Net assets without donor restrictions | $26,201,590 |
| 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 | $26,294,517 |
Grants Awarded
Over the last fiscal year, World Outreach Fund has awarded $2,757,783 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
ASIAN CHRISTIAN ACADEMY PURPOSE: GENERAL GRANT FOR CHARITABLE ACTIVITIES | $200,000 |
HONDURAS OUTREACH INC PURPOSE: GENERAL GRANT FOR CHARITABLE ACTIVITIES | $150,000 |
COATES MINISTRIES PURPOSE: GENERAL GRANT FOR CRGANIZATIONAL SUPPORT | $200,000 |
COATES MINISTRIES PURPOSE: FOOD CRISIS | $315,000 |
PREDISAN PURPOSE: GENERAL GRANT FOR CHARITABLE ACTIVITIES | $125,000 |
GOOD NEWS JAIL & PRISON MINISTRY PURPOSE: GENERAL GRANT FOR CHRISTIAN MINISTRY | $70,000 |