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Nonprofiteer
← WORLD NEIGHBORS INC

Form 990 for tax year 2024

Filed by WORLD NEIGHBORS INC.

Totals

Total revenue
$4,957,266
Total expenses
$4,434,371
Contributions and grants received
$4,112,289
Grants paid
$1,359,122
Program service revenue
$540
Investment income
$739,477
Other revenue
$104,960
Total assets, end of year
$18,308,691
Total liabilities, end of year
$483,574
Net assets or fund balances, end of year
$17,825,117
Program services expenses (Part IX)
$3,836,400
Management and general expenses
$278,080
Fundraising expenses
$319,891
Program service expenses (Part III)
$3,836,400

Program services were 86.5% 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.

  • 1a · Federated campaigns

    $9,283

  • 1e · Government grants (contributions)

    $1,160,244

  • 1f · All other contributions, gifts and grants

    $2,942,762

  • 1g · Noncash contributions included above

    $9,924

  • 2a · Program service revenue: SUBLEASE RENTAL INCOME

    total $540 · related or exempt $540

  • 3 · Investment income

    total $450,432 · excluded $450,432

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $10,025 · related or exempt $10,025

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $437,421

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

    securities $148,376

  • 7c · Gain or loss

    securities $289,045

  • 7d · Net gain or loss

    total $289,045 · related or exempt $289,045

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: MISCELLANEOUS

    total $82,101 · related or exempt $82,101

  • 11b · Other revenue: PAYOUTS TO ANNUITANTS

    total -$7,831 · excluded -$7,831

  • 11c · Other revenue: SPLIT-INTEREST AGREEMENTS

    total $20,665 · excluded $20,665

  • 11e · Other revenue, total

    $94,935

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,277,186 · program services $1,277,186

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $81,936 · program services $81,936

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $246,649 · program services $184,987 · management and general $61,662

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,249,083 · program services $994,679 · management and general $98,355 · fundraising $156,049

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $256,324 · program services $208,909 · management and general $15,757 · fundraising $31,658

  • 10 · Payroll taxes

    total $83,794 · program services $63,149 · management and general $10,495 · fundraising $10,150

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $83,963 · program services $66,945 · management and general $14,894 · fundraising $2,124

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $46,254 · program services $46,254

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $16,892 · program services $15,529 · management and general $920 · fundraising $443

  • 14 · Information technology

    total $45,066 · program services $25,860 · management and general $8,625 · fundraising $10,581

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $153,185 · program services $129,176 · management and general $18,675 · fundraising $5,334

  • 17 · Travel

    total $287,624 · program services $266,008 · management and general $8,589 · fundraising $13,027

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $74,836 · program services $70,742 · management and general $1,036 · fundraising $3,058

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $124,043 · program services $115,054 · management and general $8,417 · fundraising $572

  • 23 · Insurance

    total $0

  • 24a · Other expenses: CONTRACT SERVICES

    total $294,739 · program services $219,731 · management and general $11,788 · fundraising $63,220

  • 24b · Other expenses: FINANCIAL EXPENSES

    total $87,721 · program services $65,519 · management and general $17,927 · fundraising $4,275

  • 24c · Other expenses: Printing and Publications

    total $20,139 · program services $3,085 · management and general $774 · fundraising $16,280

  • 24d · Other expenses: Postage and Shipping

    total $4,937 · program services $1,651 · management and general $166 · fundraising $3,120

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $66,789 · end of year $235,359

  • 2 · Savings and temporary cash investments

    beginning of year $593,037 · end of year $350,890

  • 3 · Pledges and grants receivable

    beginning of year $241,948 · end of year $268,386

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $191,216 · end of year $134,840

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

    $807,383

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

    $570,717

  • 10c · Land, buildings and equipment, net

    beginning of year $217,949 · end of year $236,666

  • 11 · Investments: publicly traded securities

    beginning of year $8,995,690 · end of year $9,665,820

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $6,870,640 · end of year $7,416,730

  • 17 · Accounts payable and accrued expenses

    beginning of year $89,678 · end of year $81,632

  • 19 · Deferred revenue

    beginning of year $37,555

  • 25 · Other liabilities

    beginning of year $442,099 · end of year $401,942

  • 27 · Net assets without donor restrictions

    beginning of year $6,616,056 · end of year $7,344,711

  • 28 · Net assets with donor restrictions

    beginning of year $9,991,881 · end of year $10,480,406

Mission and programs · 2024

Mission

WORLD NEIGHBORS INSPIRES PEOPLE AND STRENGTHENS COMMUNITIES TO FIND LASTING SOLUTIONS TO HUNGER, POVERTY AND DISEASE, AND TO PROMOTE A HEALTHY ENVIRONMENT.

Activities or mission (Part I)

OUR MISSION: WORLD NEIGHBORS INSPIRES PEOPLE AND STRENGTHENS COMMUNITIES TO FIND LASTING SOLUTIONS TO HUNGER, POVERTY AND DISEASE, AND TO PROMOTE A HEALTHY ENVIRONMENT.OUR PURPOSE: WORLD NEIGHBORS' PURPOSE IS TO STRENGTHEN THE CAPACITY OF MARGINALIZED COMMUNITIES TO MEET THEIR BASIC NEEDS AND TO DETERMINE AND SUSTAIN AN EQUITABLE AND INCLUSIVE DEVELOPMENT PROCESS.

  • PROGRAM SERVICE ACCOMPLISHMENTS INCLUDE INTERNATIONAL PROGRAMS, PUBLIC EDUCATION, OVERSEAS PROGRAM SERVICES AND PROGRAM FAMILIARIZATION.OUR RATIO OF PROGRAM/ADMINISTRATIVE EXPENSES IS APPROXIMATELY 89%/11%. THERE ARE A NUMBER OF REALITIES THAT LEAD WORLD NEIGHBORS TO THIS PROGRAM/ADMINISTRATIVE RATIO: 1)WE RELY ON NUMEROUS SMALL,INDIVIDUAL DONORS AND FOUNDATIONS FOR OUR FINANCIAL SUPPORT AND REQUIRE MORE TIME BY STAFF TO SUPPORT THESE RELATIONSHIPS. THIS HAS ALLOWED US TO DEVELOP OUR UNIQUE AND HIGHLY SUCCESSFUL PROGRAM METHODOLOGY THAT IS NOT DRIVEN BY ANY ONE PERSON'S OR ORGANIZATION'S AGENDA. 2) OUR PROGRAMS ARE UNDERTAKEN BY THOUSANDS OF COMMUNITY VOLUNTEERS WHO IMPLEMENT PROJECTS FOR THEMSELVES. THESE EFFORTS ARE NOT REFLECTED IN DOLLARS, THUS KEEPING OUR PROGRAM COSTS LOW. WE ALSO DO NOT CONSTRUCT BUILDINGS OR PROVIDE OTHER EQUIPMENT OR FACILITIES - COSTS THAT TYPICALLY BOOST PROGRAM COSTS TO HIGHER LEVELS.

    Expenses $3,836,400 · Grants $1,359,122 · Revenue $540

As filed on the 2024 return.

Listed in Part VII

  • Kate Schecter PhD

    President & CEO

    Total calculated
    $246,649
    From this org
    $207,756
    From related orgs
    $0
    Other
    $38,893
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $207,756
    Bonus
    not reported
    Other
    not reported
    Deferred
    $25,375
    Nontaxable benefits
    $13,518
    Filer's total
    $246,649
  • Barrie Gleason Carveth

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Meredith Dalton

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Anita Kendrick

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    5
  • Beth Mc Laughlin

    Chairman

    Total calculated
    $0
    Hours/week
    5
  • Susan Hightower

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Tommy Barrow

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Martha Burger

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Beth Jansen

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Mindy Galoob

    Treasurer

    Total calculated
    $0
    Hours/week
    5
  • Helen Lowman PhD

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Lateashia Sykes

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Sonia Stines

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Noah Ulman

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Ujjwal Pradhan

    Secretary

    Total calculated
    $0
    Hours/week
    5
  • Lucas Welter EdD

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Clayton Taylor

    Trustee

    Total calculated
    $0
    Hours/week
    2

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
23 February 2026
IRS schema version
2024v5.2
Source object
202630549349301013

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