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Nonprofiteer
← BIZWORLD FOUNDATION

Form 990 for tax year 2022

Filed by BIZWORLD FOUNDATION.

Totals

Total revenue
$621,418
Total expenses
$678,471
Contributions and grants received
$493,445
Grants paid
$0
Program service revenue
$39,039
Investment income
$90,832
Other revenue
-$1,898
Total assets, end of year
$731,025
Total liabilities, end of year
$8,287
Net assets or fund balances, end of year
$722,738
Program services expenses (Part IX)
$543,293
Management and general expenses
$34,589
Fundraising expenses
$100,589
Program service expenses (Part III)
$543,293

Program services were 80.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $493,445

  • 2a · Program service revenue: Licensing

    total $9,096 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Curricula

    total $14,943 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Youth Tour

    total $15,000 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $13,544 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $77,288

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $77,288

  • 7d · Net gain or loss

    total $77,288 · related or exempt $77,288 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $2,404

  • 10c · Net income from sales of inventory

    total -$2,404 · related or exempt -$2,404

  • 11a · Other revenue: Misc Revenue

    total $506 · related or exempt $506 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $506

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $100,000 · program services $100,000 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $223,473 · program services $192,403 · management and general $12,472 · fundraising $18,598

  • 9 · Other employee benefits

    total $36,861 · program services $33,175 · management and general $1,474 · fundraising $2,212

  • 10 · Payroll taxes

    total $25,981 · program services $23,404 · management and general $1,018 · fundraising $1,559

  • 11b · Fees: legal

    total $54 · program services $0 · management and general $54 · fundraising $0

  • 11c · Fees: accounting

    total $5,950 · program services $5,355 · management and general $238 · fundraising $357

  • 11g · Fees: other

    total $60,044 · program services $35,245 · management and general $24 · fundraising $24,775

  • 12 · Advertising and promotion

    total $34,728 · program services $29,903 · management and general $400 · fundraising $4,425

  • 13 · Office expenses

    total $32,772 · program services $27,139 · management and general $91 · fundraising $5,542

  • 14 · Information technology

    total $15,274 · program services $15,207 · management and general $27 · fundraising $40

  • 16 · Occupancy

    total $2,176 · program services $1,958 · management and general $87 · fundraising $131

  • 17 · Travel

    total $28,263 · program services $24,064 · management and general $2,366 · fundraising $1,833

  • 22 · Depreciation, depletion and amortization

    total $1,485 · program services $0 · management and general $1,485 · fundraising $0

  • 23 · Insurance

    total $9,242 · program services $4,758 · management and general $4,167 · fundraising $317

  • 24a · Other expenses: Postage/Shipping

    total $4,235 · program services $3,619 · management and general $233 · fundraising $383

  • 24b · Other expenses: Storage

    total $9,687 · program services $9,687 · management and general $0 · fundraising $0

  • 24c · Other expenses: Awards

    total $20,872 · program services $20,600 · management and general $0 · fundraising $272

  • 24d · Other expenses: Telephone

    total $3,936 · program services $3,543 · management and general $157 · fundraising $236

  • 24e · All other expenses

    total $63,438 · program services $13,233 · management and general $10,296 · fundraising $39,909

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $81,343 · end of year $48,543

  • 2 · Savings and temporary cash investments

    beginning of year $118,063 · end of year $4,000

  • 4 · Accounts receivable

    beginning of year $174 · end of year $8,223

  • 8 · Inventories for sale or use

    beginning of year $25,647 · end of year $22,921

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,406 · end of year $666

  • 10a · Land, buildings and equipment: cost or other basis

    $95,748

  • 10b · Land, buildings and equipment: accumulated depreciation

    $93,835

  • 10c · Land, buildings and equipment, net

    beginning of year $20,424 · end of year $1,913

  • 11 · Investments: publicly traded securities

    beginning of year $554,940 · end of year $644,759

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,874 · end of year $8,030

  • 25 · Other liabilities

    end of year $257

  • 27 · Net assets without donor restrictions

    beginning of year $113,123 · end of year $722,738

  • 28 · Net assets with donor restrictions

    beginning of year $670,000

Mission and programs · 2022

Mission

WE ENABLE YOUTH FROM ALL BACKGROUNDS TO UNLOCK THE POWER OF ENTREPRENEURSHIP TO CREATE CAREER OPPORTUNITIES, INSPIRE SELF-RELIANCE, AND BUILD CONFIDENCE THAT DRIVES ECONOMIC PROSPERITY GLOBALLY.

  • SINCE 1997, BIZWORLD.ORG (THE "ORGANIZATION') HAS BEEN TEACHING YOUTH ACROSS 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.

    Expenses $543,293 · Revenue $621,418

As filed on the 2022 return.

Listed in Part VII

  • T Hale Boggs III

    Chairman of Board

    Total calculated
    $0
    Hours/week
    0
  • Timothy C Draper

    Founder

    Total calculated
    $0
    Hours/week
    0
  • Harry Gould

    Finance Chair

    Total calculated
    $0
    Hours/week
    0
  • Jennifer Johnson

    Director

    Total calculated
    $0
    Hours/week
    0
  • Stephen Silver

    Director

    Total calculated
    $0
    Hours/week
    0
  • Steven Singer

    Director

    Total calculated
    $0
    Hours/week
    0
  • Tracy Tuens

    Director

    Total calculated
    $0
    Hours/week
    0
  • Jay Allardyce

    Director

    Total calculated
    $0
    Hours/week
    0
  • Diana Moy

    Director

    Total calculated
    $0
    Hours/week
    0
  • Eric Down

    Director

    Total calculated
    $0
    Hours/week
    0
  • Charlene Vaca

    Executive Director

    Total calculated
    $100,000
    From this org
    $100,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
26 May 2024
IRS schema version
2022v5.0
Source object
202401479349300050

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