World Outreach Fund
- Assets
- $42.6m
- Revenue
- $4.8m
- Investments
- $804.8k
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 07/1983
- Data as of
- 12/2021
- 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 12/2021, World Outreach Fund generated $4.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 48.8% each year . All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 41.3% 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 180 individual grants totaling $5,239,371. 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
2021
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 | $145,000 |
Reynolds Delisle Secretary/director | OfficerTrustee | 40 | $65,200 |
Joseph F Glenn Vice President/director | OfficerTrustee | 1 | $39,490 |
Neill Faucett Director | Trustee | 1 | $0 |
Durwood Snead Director | Trustee | 1 | $0 |
Bill Neidlinger Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $25,270 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,107,980 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,133,250 |
| Total Program Service Revenue | $0 |
| Investment income | $1,535,235 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $173,140 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,841,625 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,375,764 |
| 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. | $249,690 |
| Compensation of current officers, directors, key employees. | $177,190 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,643 |
| Payroll taxes | $21,657 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,170 |
| Fees for services: Accounting | $10,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $734 |
| Advertising and promotion | $1,950 |
| Office expenses | $14,614 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,492 |
| 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 | $16,638 |
| All other expenses | $0 |
| Total functional expenses | $3,014,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,512,211 |
| Savings and temporary cash investments | $0 |
| 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 | $31,715,406 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $139,496 |
| Net Land, buildings, and equipment | $436,000 |
| Investments—publicly traded securities | $4,201,885 |
| Investments—other securities | $804,820 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,750,375 |
| Total assets | $42,560,193 |
| Accounts payable and accrued expenses | $1,822 |
| 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 | $94,749 |
| Net assets without donor restrictions | $42,465,444 |
| 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 | $42,560,193 |
Grants Awarded
Over the last fiscal year, World Outreach Fund has awarded $2,067,444 in support to 78 organizations.
| Grant Recipient | Amount |
|---|---|
Carrollton, TX PURPOSE: GENERAL GRANT (TO HELP DURING SHUTDOWN) | $200,000 |
Alpharetta, GA PURPOSE: GENERAL GRANT TO HELP WHILE TRIPS ARE CANCELLED | $150,000 |
COATES MINISTRIES PURPOSE: FOOD CRISIS | $100,000 |
COATES MINISTRIES PURPOSE: FOOD CRISIS | $100,000 |
Alpharetta, GA PURPOSE: $100,000-GENERAL GRANT (TOTAL COMMITMENT $150K WITH MATCHING $50K) | $100,000 |
Henrico, VA PURPOSE: $25,000 FOR LATIN AMERICA AREA MINISTRY AND $25,000 FOR MIDDLE EAST/NORTH | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that World Outreach Fund has recieved totaling $8,036,221.
| Awarding Organization | Amount |
|---|---|
Christian Towers Inc Atlanta, GA PURPOSE: TO PROVIDE SUPPORT TO THE ELDERLY AND HANDICAPPED PERISONS AND ANY CHARITABLE, EDUCATIONAL, RELIGIOUS, OR SCIENTIFIC PURPOSES ALLOWED UNDER SECTION 501(C)(3) OF THE CODE. | $8,026,221 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sunrise Northeast Inc Miami, FL | $3,715,475 | $18,670,620 |
Affordable Housing Preservation Corporation St Augustine, FL | $540,750,555 | $2,294,342 |
Choanoke Area Development Assoc Rich Square, NC | $3,243,319 | $10,393,050 |
Preservation Housing Inc Mobile, AL | $45,095,355 | $8,020,455 |
Nonprofit Housing Preservations Sb Inc Riviera Beach, FL | $13,108,120 | $31,278,179 |
Association For Retarded Citizens Housing Development Services Inc Greensboro, NC | $38,855,283 | $9,434,004 |
Jewish Association For Residential Care Inc Boca Raton, FL | $7,062,896 | $8,370,046 |
Habitat For Humanity Of Greater Miami Inc Miami, FL | $44,913,698 | $17,755,764 |
Contemporary Housing Alternatives Of Florida Inc Clearwater, FL | $42,120,344 | $6,399,709 |
Twin Rivers Opportunities Inc New Bern, NC | $1,111,953 | $5,873,122 |
John Sparks Manor Inc Union City, GA | $0 | $5,675,234 |
Housing And Neighborhood Development Services Of Central Orlando, FL | $22,476,842 | $6,815,149 |