Form 990 for tax year 2023
Filed by OAKLAND & THE WORLD ENTERPRISES INC.
Totals
- Total revenue
- $1,407,341
- Total expenses
- $621,307
- Contributions and grants received
- $1,369,191
- Grants paid
- $0
- Program service revenue
- $38,150
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $3,652,427
- Total liabilities, end of year
- $1,526,053
- Net assets or fund balances, end of year
- $2,126,374
- Program services expenses (Part IX)
- $517,882
- Management and general expenses
- $77,630
- Fundraising expenses
- $25,795
- Program service expenses (Part III)
- $517,882
Program services were 83.4% 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
$1,369,191
-
2a · Program service revenue: CO-DEVELOPER FEE SUPPORT
-
2b · Program service revenue: REIMBURSED EXPS & CAPITAL
total $35,000 · related or exempt $35,000
-
2c · Program service revenue: RENT
total $3,150 · related or exempt $3,150
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $10,806 · program services $8,645 · management and general $1,621 · fundraising $540
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $15,000 · program services $12,000 · management and general $2,250 · fundraising $750
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $27,165 · program services $21,732 · management and general $4,075 · fundraising $1,358
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $5,400 · program services $4,320 · management and general $810 · fundraising $270
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $11,670 · program services $9,336 · management and general $1,751 · fundraising $583
-
23 · Insurance
total $9,842 · program services $7,874 · management and general $1,476 · fundraising $492
-
24a · Other expenses: OUTSIDE SERVICES
total $428,165 · program services $342,532 · management and general $64,225 · fundraising $21,408
-
24b · Other expenses: DIRECT PROGRAM SERVICES
total $105,137 · program services $105,137
-
24c · Other expenses: COMMUNITY OUTREACH & DEV.
total $5,132 · program services $4,106 · management and general $770 · fundraising $256
-
24d · Other expenses: TELEPHONE/INTERNET
total $1,553 · program services $1,242 · management and general $233 · fundraising $78
-
24e · All other expenses
total $1,437 · program services $958 · management and general $419 · fundraising $60
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $348,364 · end of year $1,156,068
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$2,542,624
-
10b · Land, buildings and equipment: accumulated depreciation
$47,515
-
10c · Land, buildings and equipment, net
beginning of year $2,506,779 · end of year $2,495,109
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $1,250 · end of year $1,250
-
17 · Accounts payable and accrued expenses
beginning of year $40,267 · end of year $55,717
-
25 · Other liabilities
beginning of year $1,470,337 · end of year $1,470,336
-
27 · Net assets without donor restrictions
beginning of year $1,345,789 · end of year $2,126,374
Mission and programs · 2023
Mission
THE SPECIFIC PURPOSE AND MISSION OF THIS ORGANIZATION IS TO ASSIST VULNERABLE MEMBERS OF THE COMMUNITY TO ACHIEVE ECONOMIC EMPOWERMENT, HOME OWNERSHIP AND FULL EMPLOYMENT RESPECTIVELY.THE MISSION OF OAKLAND & THE WORLD ENTERPRISES (OAW), A NONPROFIT ORGANIZATION, IS TO LAUNCH FOR-PROFIT BUSINESSES FOR OWNERSHIP BY FORMALLY INCARCERATED PEOPLE AND OTHER PEOPLE FACING EXTREME BARRIERS TO EMPLOYMENT AND ECONOMIC SURVIVAL. HAVING LAUNCHED OUR FIRST BUSINESS, WEST OAKLAND FARMS, ON OUR PROPERTY AT SEVENTH AND CAMPBELL STREETS IN WEST OAKLAND, CALIFORNIA, WE ARE CURRENTLY POSITIONED TO DEVELOP A COMPLEX THERE FOR OUR OTHER BUSINESSES AND APPROXIMATELY 80, 100% AFFORDABLE HOUSING UNITS. IN ADDITION TO THOSE BUSINESSES THAT WILL USE THE COMMERCIAL SPACE IN THE COMPLEX, WE WILL LAUNCH OTHER, SERVICE BUSINESSES FOR THE HOUSING COMPLEX, INCLUDING MAINTENANCE, SECURITY AND SHUTTLE SERVICES. WHILE IT IS OUR GOAL TO LAUNCH A THOUSAND BUSINESSES, WE BELIEVE WE ARE CREATING A MODEL FOR OAKLAND AND, IN
-
THE MISSION OF OAKLAND & THE WORLD ENTERPRISES (OAW), A NONPROFIT ORGANIZATION, IS TO LAUNCH FOR-PROFIT BUSINESSES FOR OWNERSHIP BY FORMALLY INCARCERATED PEOPLE AND OTHER PEOPLE FACING EXTREME BARRIERS TO EMPLOYMENT AND ECONOMIC SURVIVAL. HAVING LAUNCHED OUR FIRST BUSINESS, WEST OAKLAND FARMS, ON OUR PROPERTY AT SEVENTH AND CAMPBELL STREETS IN WEST OAKLAND, CALIFORNIA, WE ARE CURRENTLY POSITIONED TO DEVELOP A COMPLEX THERE FOR OUR OTHER BUSINESSES AND APPROXIMATELY 80, 100% AFFORDABLE HOUSING UNITS. IN ADDITION TO THOSE BUSINESSES THAT WILL USE THE COMMERCIAL SPACE IN THE COMPLEX, WE WILL LAUNCH OTHER, SERVICE BUSINESSES FOR THE HOUSING COMPLEX, INCLUDING MAINTENANCE, SECURITY AND SHUTTLE SERVICES. WHILE IT IS OUR GOAL TO LAUNCH A THOUSAND BUSINESSES, WE BELIEVE WE ARE CREATING A MODEL FOR OAKLAND AND, INDEED, THE WORLD TO CONSIDER TOWARD ALLEVIATING POVERTY, REDUCING CRIME AND CREATING THE CONDITIONS FOR PROSPERITY FOR EVERYONE.
Expenses $517,882
As filed on the 2023 return.
Listed in Part VII
-
Elaine D BrownELAINE D BROWN
President & CEO
- Total calculated
- $0
- Hours/week
- 10
-
James NixonJAMES NIXON
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Deborah MatthewsDEBORAH MATTHEWS
Secretary
- Total calculated
- $0
- Hours/week
- 3
-
Dr Mark AlexanderDR MARK ALEXANDER
Director
- Total calculated
- $0
- Hours/week
- 3
-
Zack Wasserman EsqZACK WASSERMAN ESQ
Director
- Total calculated
- $0
- Hours/week
- 3
-
Hc Ahuruonye CPAHC AHURUONYE CPA
Treasurer
- Total calculated
- $0
- Hours/week
- 5
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
- 2023
- Filed
- 16 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403229349300000
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