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Nonprofiteer
← METRO WORLD CHILD FOUNDATION INC

Form 990 for tax year 2023

Filed by METRO WORLD CHILD FOUNDATION INC.

Totals

Total revenue
$7,949,705
Total expenses
$7,340,268
Contributions and grants received
$7,949,705
Grants paid
$6,237,975
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$4,171,347
Total liabilities, end of year
$154,476
Net assets or fund balances, end of year
$4,016,871
Program services expenses (Part IX)
$6,540,425
Management and general expenses
$540,039
Fundraising expenses
$259,804
Program service expenses (Part III)
$6,540,425

Program services were 89.1% 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

    $7,949,705

  • 1g · Noncash contributions included above

    $448,500

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,930,000 · program services $3,930,000

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $2,307,975 · program services $2,307,975

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $107,613 · program services $0 · management and general $0 · fundraising $107,613

  • 6 · Compensation of disqualified persons

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

  • 7 · Other salaries and wages

    total $322,840 · program services $129,136 · management and general $193,704 · fundraising $0

  • 8 · Pension plan contributions

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

  • 9 · Other employee benefits

    total $20,413 · program services $6,127 · management and general $9,180 · fundraising $5,106

  • 10 · Payroll taxes

    total $32,851 · program services $9,855 · management and general $14,783 · fundraising $8,213

  • 11a · Fees: management

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

  • 11b · Fees: legal

    total $3,519 · program services $0 · management and general $3,519 · fundraising $0

  • 11c · Fees: accounting

    total $42,327 · program services $8,465 · management and general $29,629 · fundraising $4,233

  • 11d · Fees: lobbying

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

  • 11e · Fees: professional fundraising services

    total $76,400 · fundraising $76,400

  • 11f · Fees: investment management

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

  • 11g · Fees: other

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

  • 12 · Advertising and promotion

    total $13,438 · program services $13,438 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $27,981 · program services $879 · management and general $14,522 · fundraising $12,580

  • 14 · Information technology

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

  • 15 · Royalties

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

  • 16 · Occupancy

    total $448,499 · program services $134,550 · management and general $269,100 · fundraising $44,849

  • 17 · Travel

    total $810 · program services $0 · management and general $0 · fundraising $810

  • 18 · Travel or entertainment for public officials

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

  • 19 · Conferences, conventions and meetings

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

  • 20 · Interest

    total $5,602 · program services $0 · management and general $5,602 · fundraising $0

  • 22 · Depreciation, depletion and amortization

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

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $536,223 · end of year $707,985

  • 2 · Savings and temporary cash investments

    beginning of year $2,632,958 · end of year $2,657,832

  • 4 · Accounts receivable

    beginning of year $420,611 · end of year $455,530

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

    $174,485

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

    $174,485

  • 10c · Land, buildings and equipment, net

    beginning of year $1,977 · end of year $0

  • 15 · Other assets

    beginning of year $350,000 · end of year $350,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $109,013 · end of year $42,180

  • 24 · Unsecured notes and loans payable

    beginning of year $150,000 · end of year $112,296

  • 25 · Other liabilities

    beginning of year $82,332 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $3,600,424 · end of year $3,992,695

  • 28 · Net assets with donor restrictions

    end of year $24,176

Mission and programs · 2023

Mission

MWCF provides support and services to children living in adverse conditions in metropolitan areas both in the United States and in developing countries. Specific focus areas include educational support, spritual development and physical health.

  • Provided financial support to similar organizations to various program and services for children living in adverse conditions in metropolitan areas. The activities are focused and centered on educational support providing resources to further childrens spiritual development.

    Expenses $4,232,450 · Revenue $3,727,217

  • Provided financial support to like-kind international organizations that provide program and services for children living in adverse conditions. The activities are focused and centered on educational support and providing children with spiritual development

    Expenses $2,307,975 · Revenue $4,222,488

As filed on the 2023 return.

Listed in Part VII

  • William F Wilson

    Chairman of the Board

    Total calculated
    $236,400
    From this org
    $118,200
    From related orgs
    $118,200
    Other
    $0
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $118,200 + $118,200 related
    Bonus
    $0
    Other
    $50,000 + $50,000 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $168,200 + $168,200 related

  • Cherrie Tapp

    Board Secretary

    Total calculated
    $36,400
    From this org
    $0
    From related orgs
    $36,400
    Other
    $0
    Hours/week
    10

  • Louise Wickham

    Board Treasurer

    Total calculated
    $66,000
    From this org
    $66,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Amanda Rhann

    Board Member

    Total calculated
    $0
    Hours/week
    15

  • Janine Stellatos

    Board Member

    Total calculated
    $0
    Hours/week
    15

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 · Independent compensation consultant
  • 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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

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

  • Donorcom

    C · TN · 100% owned · share of income $0 · share of assets $0

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
30 March 2025
IRS schema version
2023v6.0
Source object
202540909349301414

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