Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $1,595,575

• 1c · Fundraising events

  $10,277,240

• 1e · Government grants (contributions)

  $636,564,976

• 1f · All other contributions, gifts and grants

  $919,859,452

• 1g · Noncash contributions included above

  $479,520,010

• 2a · Program service revenue: Program Services

  total $748,970 · related or exempt $748,970

• 2f · All other program service revenue

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

• 3 · Investment income

  total $15,570,870 · unrelated business -$120 · excluded $15,570,990

• 5 · Royalties

  total $5,557 · excluded $5,557

• 6a · Gross rents

  real property $523,985

• 6b · Less rental expenses

  real property $1,076,351

• 6c · Rental income or loss

  real property -$552,366 · personal property $0

• 6d · Net rental income or loss

  total -$552,366 · excluded -$552,366

• 7a · Gross sales of assets other than inventory

  securities $691,648,230 · other assets $668,623

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

  securities $690,518,537 · other assets $645,073

• 7c · Gain or loss

  securities $1,129,693 · other assets $23,550

• 7d · Net gain or loss

  total $1,153,243 · excluded $1,153,243

• 8a · Fundraising events: gross income

  $40,234

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

  $10,277,240

• 8b · Fundraising events: direct expenses

  $1,566,605

• 8c · Net income from fundraising events

  total -$1,526,371 · excluded -$1,526,371

• 11a · Other revenue: Recycling

  total $19,148 · excluded $19,148

• 11d · All other revenue

  total $1,288 · related or exempt $0 · unrelated business $0 · excluded $1,288

• 11e · Other revenue, total

  $20,436

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $122,585,617 · program services $122,585,617

• 3 · Grants to foreign organizations and individuals

  total $1,095,205,453 · program services $1,095,205,453

• 5 · Compensation of officers, directors and key employees

  total $3,432,081 · program services $548,932 · management and general $2,078,427 · fundraising $804,722

• 7 · Other salaries and wages

  total $100,487,885 · program services $24,117,092 · management and general $27,131,729 · fundraising $49,239,064

• 8 · Pension plan contributions

  total $7,617,667 · program services $1,828,240 · management and general $2,056,770 · fundraising $3,732,657

• 9 · Other employee benefits

  total $13,342,922 · program services $3,839,237 · management and general $2,436,168 · fundraising $7,067,517

• 10 · Payroll taxes

  total $7,434,517 · program services $1,784,284 · management and general $2,007,320 · fundraising $3,642,913

• 11a · Fees: management

  total $1,237,982 · program services $274,041 · management and general $68,647 · fundraising $895,294

• 11b · Fees: legal

  total $272,066 · program services $1,068 · management and general $123,110 · fundraising $147,888

• 11c · Fees: accounting

  total $546,288 · program services $88,045 · management and general $457,003 · fundraising $1,240

• 11d · Fees: lobbying

  total $526 · program services $421 · management and general $79 · fundraising $26

• 11e · Fees: professional fundraising services

  total $6,285,559 · fundraising $6,285,559

• 11f · Fees: investment management

  total $432,177 · management and general $432,177

• 11g · Fees: other

  total $45,403,029 · program services $10,803,071 · management and general $1,930,185 · fundraising $32,669,773

• 12 · Advertising and promotion

  total $13,072,694 · program services $527,130 · management and general $3,965,116 · fundraising $8,580,448

• 13 · Office expenses

  total $23,215,270 · program services $4,386,093 · management and general $7,069,464 · fundraising $11,759,713

• 14 · Information technology

  total $6,837,433 · program services $964,915 · management and general $4,014,737 · fundraising $1,857,781

• 16 · Occupancy

  total $2,424,731 · program services $2,238,608 · management and general -$3,334 · fundraising $189,457

• 17 · Travel

  total $10,171,076 · program services $2,102,104 · management and general $1,051,251 · fundraising $7,017,721

• 19 · Conferences, conventions and meetings

  total $3,769,463 · program services $774,374 · management and general $387,229 · fundraising $2,607,860

• 20 · Interest

  total $18,737 · management and general $18,737

• 22 · Depreciation, depletion and amortization

  total $1,723,523 · program services $1,165,137 · management and general $393,288 · fundraising $165,098

• 23 · Insurance

  total $694,048 · management and general $694,048

• 24a · Other expenses: Domestic GIK Ministry

  total $45,635,536 · program services $45,635,536

• 24b · Other expenses: Repairs and maintenance

  total $1,144,497 · program services $161,514 · management and general $672,015 · fundraising $310,968

• 24e · All other expenses

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

• 26 · Joint costs (an allocation of the lines above)

  total $1,432,313 · program services $465,634 · management and general $472,388 · fundraising $494,291

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $90,721 · end of year $121,345

• 2 · Savings and temporary cash investments

  beginning of year $1,166,147 · end of year $1,675,018

• 3 · Pledges and grants receivable

  beginning of year $27,968,883 · end of year $23,530,126

• 4 · Accounts receivable

  beginning of year $2,277,932 · end of year $7,565,780

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $613,941 · end of year $369,309

• 8 · Inventories for sale or use

  beginning of year $37,581,939 · end of year $37,730,928

• 9 · Prepaid expenses and deferred charges

  beginning of year $27,481,926 · end of year $23,014,891

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

  $73,629,351

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

  $44,518,804

• 10c · Land, buildings and equipment, net

  beginning of year $34,187,873 · end of year $29,110,547

• 11 · Investments: publicly traded securities

  beginning of year $271,773,837 · end of year $342,280,821

• 12 · Investments: other securities

  beginning of year $134,802 · end of year $138,904

• 13 · Investments: program-related

  beginning of year $804,612 · end of year $703,558

• 15 · Other assets

  beginning of year $35,339,560 · end of year $40,391,346

• 17 · Accounts payable and accrued expenses

  beginning of year $42,061,342 · end of year $38,440,560

• 19 · Deferred revenue

  beginning of year $35,057,145 · end of year $16,114,078

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $300,000 · end of year $300,000

• 25 · Other liabilities

  beginning of year $22,179,343 · end of year $22,998,862

• 27 · Net assets without donor restrictions

  beginning of year $140,799,800 · end of year $210,510,771

• 28 · Net assets with donor restrictions

  beginning of year $199,024,543 · end of year $218,268,302

The filer's explanations (Part III)

Schedule J, Part I, Line 1a

Within the policy limits, Edgar Sandoval was reimbursed for housing allowance and technology, Margaret Schuler was reimbursed for housing allowance and education, Christopher Glynn was reimbursed for housing allowance and technology, Daisy Szabo was reimbursed for education and life insurance, John Shunk was reimbursed for financial planning, and Priscilla Tuan was reimbursed for education, health club membership dues, technology and dependent travel. All benefits were added to the employee's taxable income. Edgar Sandoval's wife accompanied him on trips during the year for bona fide business purposes. Because her travel was for business purposes, it was not included in taxable income.

Schedule J, Part I, Line 7 Non-Fixed Payments

The organization made nonfixed payments in the form of discretionary bonuses to certain staff based on performance, market conditions, and other factors. Discretionary bonus amounts are included in the board-approved budget.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• World Vision Properties LLC

  Holds legal title to the land and building located in Washington D.C. · DC · income $0 · assets $4,057,867

  Directly controlled by World Vision Inc

• World Vision Real Properties LLC

  Holds legal title to donated real estate · NV · income $540,000 · assets $1,042,547

  Directly controlled by World Vision Inc

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• Charitable Remainder Trust (30)

  Charitable Remainder Trust · CA · controlled entity

  Directly controlled by World Vision Inc

• Charitable Remainder Trust (1)

  Charitable Remainder Trust · OR · controlled entity

  Directly controlled by World Vision Inc

• Charitable Remainder Trust (1)

  Charitable Remainder Trust · WA · controlled entity

  Directly controlled by World Vision Inc

• Pooled Income Fund (1)

  Pooled Income Fund · WA · controlled entity

  Directly controlled by World Vision Inc