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Nonprofiteer
← WORLD POULTRY FOUNDATION INC

Form 990 for tax year 2024

Filed by WORLD POULTRY FOUNDATION INC.

Totals

Total revenue
$1,483,138
Total expenses
$3,465,368
Contributions and grants received
$1,036,559
Grants paid
$533,228
Program service revenue
$0
Investment income
$446,579
Other revenue
$0
Total assets, end of year
$28,292,416
Total liabilities, end of year
$51,026
Net assets or fund balances, end of year
$28,241,390
Program services expenses (Part IX)
$3,270,948
Management and general expenses
$194,420
Fundraising expenses
$0
Program service expenses (Part III)
$3,270,948

Program services were 94.4% 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

    $1,036,559

  • 3 · Investment income

    total $323,363 · excluded $323,363

  • 7a · Gross sales of assets other than inventory

    securities $4,139,948

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

    securities $4,016,732

  • 7c · Gain or loss

    securities $123,216

  • 7d · Net gain or loss

    total $123,216 · excluded $123,216

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $533,228 · program services $533,228

  • 7 · Other salaries and wages

    total $11,263 · program services $11,263

  • 10 · Payroll taxes

    total -$4,646 · program services -$4,646

  • 11b · Fees: legal

    total $1,135 · management and general $1,135

  • 11c · Fees: accounting

    total $44,420 · program services $5,752 · management and general $38,668

  • 11g · Fees: other

    total $1,233,295 · program services $1,233,295

  • 12 · Advertising and promotion

    total $297 · management and general $297

  • 13 · Office expenses

    total $22,305 · program services $110 · management and general $22,195

  • 14 · Information technology

    total $29,253 · program services $29,253

  • 16 · Occupancy

    total -$7,200 · management and general -$7,200

  • 17 · Travel

    total $359,681 · program services $359,044 · management and general $637

  • 19 · Conferences, conventions and meetings

    total $60,684 · program services $15,130 · management and general $45,554

  • 23 · Insurance

    total $7,594 · management and general $7,594

  • 24a · Other expenses: HATCHERY

    total $1,080,632 · program services $1,080,632 · management and general $0

  • 24b · Other expenses: ADMINISTRATIVE EXPENSES

    total $50,000 · program services $0 · management and general $50,000

  • 24c · Other expenses: OTHER EXPENSES

    total $43,427 · program services $7,887 · management and general $35,540

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,976,030 · end of year $1,012,366

  • 2 · Savings and temporary cash investments

    beginning of year $3,159,878 · end of year $2,471,005

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,200 · end of year $16,500

  • 11 · Investments: publicly traded securities

    beginning of year $22,626,929 · end of year $24,792,545

  • 17 · Accounts payable and accrued expenses

    beginning of year $112,971 · end of year $51,026

  • 27 · Net assets without donor restrictions

    beginning of year $23,884,062 · end of year $23,853,767

  • 28 · Net assets with donor restrictions

    beginning of year $3,779,004 · end of year $4,387,623

Mission and programs · 2024

Mission

THE MISSION OF WORLD POULTRY FOUNDATION, INC. IS TO PROMOTE ECONOMIC DEVELOPMENT IN ECONOMICALLY DISTRESSED AREAS OUTSIDE OF THE UNITED STATES, BY PROVIDING TECHNICAL, EDUCATIONAL AND OTHER ASSISTANCE, TO FOSTER INTERNATIONAL GOODWILL AND PROMOTE INTERNATIONAL TRADE THROUGH SUCH CHARITABLE ASSISTANCE.

Activities or mission (Part I)

TO PROMOTE ECONOMIC DEVELOPMENT IN ECONOMICALLY DISTRESSED AREAS OUTSIDE OF THE UNITED STATES, BY PROVIDING TECHNICAL, EDUCATIONAL AND OTHER ASSISTANCE, TO FOSTER INTERNATIONAL GOODWILL AND PROMOTE INTERNATIONAL TRADE THROUGH SUCH CHARITABLE ASSISTANCE.

  • PROMOTE ECONOMIC DEVELOPMENT IN ECONOMICALLY DISTRESSED AREAS OUTSIDE OF THE USA BY PROVIDING TECHNICAL, EDUCATIONAL, AND OTHER ASSISTANCE TO FOSTER THE DEVELOPMENT OF LOCAL POULTRY AND EGG INDUSTRIES BY PROVIDING GRANTS, DONATIONS, AND ASSISTANCE TO DOMESTIC AND FOREIGN POULTRY RELATED ORGANIZATIONS.

    Expenses $3,270,948 · Grants $533,228

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

Listed in Part VII

  • STEVE ANDERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MIKE WELCH

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    3

  • MIKE LACEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHALENE DONEGAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK HAM

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JIM WAYT

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JIM SUMNER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    8

  • GREG TYLER

    DIRECTOR

    Total calculated
    $393,286
    From this org
    $0
    From related orgs
    $393,286
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $393,286 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $393,286 related

  • ERIC JOINER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • ELTON MADDOX

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • BRUCE DOOYEMA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RANDALL ENNIS

    CEO

    Total calculated
    $0
    Hours/week
    8

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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.

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202513179349302776

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