Form 990 for tax year 2022
Filed by METRO WORLD CHILD FOUNDATION INC.
Totals
- Total revenue
- $7,976,162
- Total expenses
- $6,615,203
- Contributions and grants received
- $7,968,247
- Grants paid
- $5,611,027
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $7,915
- Total assets, end of year
- $3,941,769
- Total liabilities, end of year
- $341,345
- Net assets or fund balances, end of year
- $3,600,424
- Program services expenses (Part IX)
- $5,613,824
- Management and general expenses
- $623,096
- Fundraising expenses
- $378,283
- Program service expenses (Part III)
- $5,613,824
Program services were 84.9% 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
$7,968,247
-
11a · Other revenue: OTHER INCOME
total $7,915 · related or exempt $7,915
-
11e · Other revenue, total
$7,915
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,786,082 · program services $3,786,082
-
3 · Grants to foreign organizations and individuals
total $1,824,945 · program services $1,824,945
-
7 · Other salaries and wages
total $441,682 · management and general $238,131 · fundraising $203,551
-
10 · Payroll taxes
total $35,853 · management and general $19,330 · fundraising $16,523
-
11a · Fees: management
total $25,834 · management and general $25,834
-
11b · Fees: legal
total $1,678 · management and general $1,678
-
11c · Fees: accounting
total $102,678 · management and general $102,678
-
11e · Fees: professional fundraising services
total $46,100 · fundraising $46,100
-
11g · Fees: other
total $8,000 · fundraising $8,000
-
12 · Advertising and promotion
total $12,078 · fundraising $12,078
-
13 · Office expenses
total $31,602 · program services $79 · management and general $40 · fundraising $31,483
-
14 · Information technology
total $55,112 · fundraising $55,112
-
17 · Travel
total $967 · management and general $967
-
20 · Interest
total $4,353 · management and general $4,353
-
22 · Depreciation, depletion and amortization
total $9,061 · program services $2,718 · management and general $907 · fundraising $5,436
-
24a · Other expenses: LOSS ON INVESTMENT
total $215,406 · management and general $215,406
-
24b · Other expenses: OTHER EXPENSE
total $13,772 · management and general $13,772
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,633,036 · end of year $506,827
-
2 · Savings and temporary cash investments
beginning of year $18,985 · end of year $2,662,354
-
3 · Pledges and grants receivable
beginning of year $522,253 · end of year $420,611
-
10a · Land, buildings and equipment: cost or other basis
$174,485
-
10b · Land, buildings and equipment: accumulated depreciation
$172,508
-
10c · Land, buildings and equipment, net
beginning of year $11,038 · end of year $1,977
-
12 · Investments: other securities
beginning of year $350,000 · end of year $350,000
-
15 · Other assets
beginning of year $3,385
-
17 · Accounts payable and accrued expenses
beginning of year $149,232 · end of year $109,013
-
24 · Unsecured notes and loans payable
beginning of year $150,000 · end of year $150,000
-
25 · Other liabilities
end of year $82,332
-
27 · Net assets without donor restrictions
beginning of year $2,239,465 · end of year $3,600,424
Mission and programs · 2022
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, SPIRITUAL 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 AND PROVIDING RESOURCES TO FURTHER CHILDREN'S SPIRITUAL DEVELOPMENT.
Expenses $3,788,879 · Grants $3,786,082
-
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 $1,824,945 · Grants $1,824,945 · Revenue $4,392,739
-
MWCF PROVIDES SUPPORT AND SERVICES TO CHILDREN LIVING IN ADVERSE CONDITIONS
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
William F WilsonWILLIAM F WILSON
BOARD CHAIRM
- Total calculated
- $286,400
- From this org
- $118,200
- From related orgs
- $118,200
- Other
- $50,000
- Hours/week
- 30 + 10 related
Schedule J breakdown matched by us
- Base
- $118,200 + $118,200 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported + $50,000 related
- Filer's total
- $118,200 + $168,200 related
-
Louise WickhamLOUISE WICKHAM
BOARD TREASU
- Total calculated
- $58,500
- From this org
- $58,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 35 + 5 related
-
Cherri TappCHERRI TAPP
BOARD SECTRE
- Total calculated
- $36,415
- From this org
- $0
- From related orgs
- $36,415
- Other
- $0
- Hours/week
- 2 + 35 related
-
Amanda RahnAMANDA RAHN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Janine StellatosJANINE STELLATOS
BOARD MEMBER
- 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
None.
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
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.
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METRO INTERNATIONAL CHURCH INC METRO INTERNATIONAL CHURCH INC
501 · NY
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.
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DONORCOM DONORCOM
C CORP · TN · 100% owned · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323179349310082
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