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Nonprofiteer
← IN A PERFECT WORLD FOUNDATION

Form 990 for tax year 2024

Filed by IN A PERFECT WORLD FOUNDATION.

Totals

Total revenue
$347,735
Total expenses
$451,762
Contributions and grants received
$222,088
Grants paid
$0
Program service revenue
$7,500
Investment income
$139,334
Other revenue
-$21,187
Total assets, end of year
$2,783,694
Total liabilities, end of year
$20,768
Net assets or fund balances, end of year
$2,762,926
Program services expenses (Part IX)
$328,475
Management and general expenses
$100,565
Fundraising expenses
$22,722
Program service expenses (Part III)
$328,475

Program services were 72.7% 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.

  • 1c · Fundraising events

    $20,606

  • 1f · All other contributions, gifts and grants

    $201,482

  • 2a · Program service revenue: PROGRAM SERVICES

    total $7,500 · related or exempt $7,500

  • 3 · Investment income

    total $49,451 · excluded $49,451

  • 7a · Gross sales of assets other than inventory

    other assets $89,883

  • 7c · Gain or loss

    other assets $89,883

  • 7d · Net gain or loss

    total $89,883 · excluded $89,883

  • 8a · Fundraising events: contributions included on line 1c

    $20,606

  • 8b · Fundraising events: direct expenses

    $21,187

  • 8c · Net income from fundraising events

    total -$21,187

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $96,320 · program services $84,280 · management and general $6,020 · fundraising $6,020

  • 7 · Other salaries and wages

    total $131,300 · program services $94,900 · management and general $25,480 · fundraising $10,920

  • 10 · Payroll taxes

    total $17,637 · program services $13,920 · management and general $2,415 · fundraising $1,302

  • 11b · Fees: legal

    total $6,286 · management and general $6,286

  • 11c · Fees: accounting

    total $22,868 · management and general $22,868

  • 11f · Fees: investment management

    total $16,555 · management and general $16,555

  • 11g · Fees: other

    total $48,571 · program services $48,110 · management and general $271 · fundraising $190

  • 12 · Advertising and promotion

    total $7,489 · program services $5,300 · management and general $84 · fundraising $2,105

  • 13 · Office expenses

    total $3,998 · program services $3,641 · management and general $341 · fundraising $16

  • 14 · Information technology

    total $16,378 · program services $15,291 · management and general $985 · fundraising $102

  • 16 · Occupancy

    total $7,828 · program services $7,828

  • 17 · Travel

    total $13,603 · program services $12,250 · management and general $814 · fundraising $539

  • 22 · Depreciation, depletion and amortization

    total $4,667 · program services $2,334 · management and general $2,333

  • 23 · Insurance

    total $5,721 · management and general $5,721

  • 24a · Other expenses: PROGRAM AND OTHER EXP

    total $28,427 · program services $28,331 · fundraising $96

  • 24b · Other expenses: PROFESSIONAL DEVELOPMENT

    total $11,707 · program services $10,118 · management and general $1,183 · fundraising $406

  • 24c · Other expenses: EXCHANGE LOSS

    total $5,870 · management and general $5,870

  • 24d · Other expenses: BANK AND SERVICE CHARGES

    total $4,973 · program services $2,083 · management and general $1,864 · fundraising $1,026

  • 24e · All other expenses

    total $1,564 · program services $89 · management and general $1,475

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $110,679 · end of year $97,538

  • 2 · Savings and temporary cash investments

    beginning of year $1,494 · end of year $1,735

  • 3 · Pledges and grants receivable

    beginning of year $222 · end of year $261

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,452 · end of year $24,638

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

    $14,000

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

    $11,667

  • 10c · Land, buildings and equipment, net

    beginning of year $7,000 · end of year $2,333

  • 11 · Investments: publicly traded securities

    beginning of year $2,501,001 · end of year $2,639,726

  • 14 · Intangible assets

    beginning of year $17,463 · end of year $17,463

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,306 · end of year $20,768

  • 27 · Net assets without donor restrictions

    beginning of year $2,600,826 · end of year $2,752,050

  • 28 · Net assets with donor restrictions

    beginning of year $20,179 · end of year $10,876

Mission and programs · 2024

Mission

WE EMPOWER YOUNG PEOPLE WITH THE TOOLS, SKILLS, AND OPPORTUNITIES THEY NEED TO SUCCEED AND THRIVE. IAPW PROGRAMS IMPROVE ACADEMIC OUTCOMES, DEVELOP CRITICAL LIFE SKILLS, AND UNLOCK THE POTENTIAL OF YOUTH TO LEAD TRANSFORMATIONAL CHANGE.

Activities or mission (Part I)

WE EMPOWER YOUNG PEOPLE WITH THE TOOLS, SKILLS, AND OPPORTUNITIES THEY NEED TO SUCCEED AND THRIVE.

  • YOUTH AMBASSADORS: OUR YOUTH AMBASSADORS PROGRAM PROVIDES TEENS WITH SOCIAL-EMOTIONAL & LEADERSHIP SKILLS, EMPOWERING THEM TO FIND PURPOSE AND DEVELOP THE LIFE-READINESS AND CRITICAL THINKING NEEDED TO SUCCEED. TEENS IDENTIFY THEIR STRENGTHS AND PASSIONS, EQUIP THEIR LEADERSHIP TOOLBOX, AND BECOME EMPATHETIC LEADERS READY TO IMPLEMENT YOUTH-LED SOCIAL IMPACT PROJECTS IN THEIR COMMUNITIES. IN 2023, OUR YOUTH AMBASSADORS TRAVELED TO GUATEMALA TO BUILD A SCHOOL FOR AN INDIGENOUS MAYA COMMUNITY THROUGH OUR REACH PROGRAM. THIS LIFE-CHANGING EXPERIENCE DEEPENS THEIR CULTURAL COMPETENCY AND UNDERSTANDING OF GLOBAL EDUCATION ISSUES

    Expenses $106,940 · Revenue $3,750

  • THROUGH REACH (RURAL EDUCATION AND COMMUNITY HARMONY), WE BRING SCHOOLS AND RESOURCES TO RURAL COMMUNITIES IN SOME OF THE WORLDS ECONOMICALLY POOREST COUNTRIES, HARNESSING THE POWER OF EDUCATION TO EMPOWER ALL CHILDREN TO HAVE A VOICE IN THE WORLD. WITH 34 SCHOOLS IN 8 DIFFERENT COUNTRIES, WE'VE PROVIDED THOUSANDS OF CHILDREN WITH ACCESS TO EDUCATION, HELPING TO BREAK THE CYCLE OF POVERTY AND ILLITERACY. WORKING SIDE-BY-SIDE WITH THE COMMUNITY, WE IDENTIFY REMAINING BARRIERS TO EDUCATION FOR STUDENTS AND WORK TO IMPLEMENT SUPPORTING, WRAPAROUND SERVICES SUCH AS CLEAN WATER, SUSTAINABLE FARMING, SCHOOL MEAL PROGRAMS, AND SOLAR POWER. IN 2023, WITH THE HELP OF OUR YOUTH AMBASSADORS, WE BUILT OUR 34TH SCHOOL BRINGING EDUCATION TO AN INDIGENOUS MAYAN COMMUNITY IN THE HIGHLANDS OF GUATEMALA.

    Expenses $37,076

  • DREAMCATCHERS: THROUGH THE POWER OF ART & STORYTELLING, WE TEACH KIDS AGES 5-12 ABOUT SOCIAL ISSUES FROM HUNGER & POVERTY TO CLEAN WATER & CLIMATE CHANGE, CULTIVATING THEIR NATURAL EMPATHY AND EMPOWERING THEM TO MAKE A DIFFERENCE. OUR SIGNATURE DREAMCATCHERS INITIATIVE, LUCIA & LUNAS BACKPACK DRIVE, WHAT STARTED AS A 5-YEAR-OLD'S SERVICE PROJECT HAS BECOME AN AWARD- WINNING, ANNUAL INITIATIVE SUPPORTING 1,500+ STUDENTS FROM LOW-INCOME FAMILIES AND HIGH-NEED CLASSROOMS IN LOS ANGELES. THROUGH YOUTH-LED FUNDRAISING EFFORTS, WE HAVE RAISED OVER 50,000 FOR KIDS IN NEED. IN 2023, THROUGH NEW PARTNERSHIPS WITH THE BOYS AND GIRLS CLUB AND SELECT CHARTER SCHOOLS, WE BROUGHT OUR DREAMCATCHERS & YOUTH AMBASSADORS PROGRAMS TO HUNDREDS MORE KIDS.

    Expenses $90,137 · Revenue $3,750

  • LOVE 4 ONE ANOTHER: LOVE 4 ONE ANOTHER (L4OA) WAS ESTABLISHED BY IAPW TO HONOR AND BUILD UPON THE PHILANTHROPIC WORK BETWEEN IAPW FOUNDER, MANUELA TESTOLINI AND MUSIC ICON, PRINCE. THROUGH L4OA, WE HARNESS THE POWER OF MUSIC, ART, AND TECHNOLOGY TO EMPOWER YOUNG PEOPLE IN UNDER-RESOURCED SCHOOLS AND COMMUNITIES. BY PROVIDING MUSICAL INSTRUMENTS, MUSIC THERAPY INTERVENTIONS, AND MULTIMEDIA TOOLS, WE PROMOTE WELL-BEING AND GIVE KIDS THE CHANCE TO STRENGTHEN THEIR ACADEMICS AND HAVE THEIR VOICES HEARD. IN 2023, WE OPENED A NEW MUSIC & MULTIMEDIA LAB AND TEEN EMPOWERMENT CENTER IN SOUTHEAST D.C.. THE SPACE HOSTS OUR DREAMCATCHERS AND YOUTH AMBASSADORS PROGRAMS AND PROVIDES ACCESS TO TECHNOLOGY AND MUSIC FOR 600 STUDENTS FROM ONE OF THE MOST ECONOMICALLY DISADVANTAGED AND UNDERSERVED COMMUNITIES IN THE COUNTRY. IN 2024, WE LAUNCHED GOODTECH, A FORWARD-THINKING PROGRAM CREATED TO EMPOWER THE NEXT GENERATION OF CHANGEMAKERS. IN TODAYS FAST-PACED DIGITAL LANDSCAPE, ITS MORE IMPORTANT THAN EVER FOR YOUNG PEOPLE TO STAY CONNECTED AND USE THEIR VOICES FOR GOOD. GOODTECH BLENDS DIGITAL LITERACY, CIVIC ENGAGEMENT, AND SOCIAL-EMOTIONAL LEARNING INTO A DYNAMIC CURRICULUM THAT BUILDS ESSENTIAL 21ST-CENTURY LEADERSHIP SKILLS. THROUGH HANDS-ON PROJECTS AND CREATIVE EXPLORATION, STUDENTS DISCOVER HOW TECHNOLOGY, ART, MUSIC, AND PODCASTING CAN BE HARNESSED AS POWERFUL TOOLS FOR ADVOCACY, STORYTELLING, AND LASTING SOCIAL IMPACT.

    Expenses $94,322

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Manuela Testolini

    FOUNDER/PRES

    Total calculated
    $96,320
    From this org
    $96,320
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Norman Bailey

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Linda Livingston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Christine Oneksy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Andy Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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
2024
Filed
16 October 2025
IRS schema version
2024v5.0
Source object
202532899349300638

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