Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $120,735,160

• 1g · Noncash contributions included above

  $1,992,052

• 3 · Investment income

  total $1,350,129 · excluded $1,350,129

• 7a · Gross sales of assets other than inventory

  securities $153,833

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

  securities $153,833

• 7c · Gain or loss

  securities $0

• 7d · Net gain or loss

  total $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $30,000 · program services $30,000

• 3 · Grants to foreign organizations and individuals

  total $93,060,726 · program services $93,060,726

• 5 · Compensation of officers, directors and key employees

  total $1,380,893 · program services $709,359 · management and general $60,268 · fundraising $611,266

• 7 · Other salaries and wages

  total $9,064,527 · program services $4,655,720 · management and general $393,864 · fundraising $4,014,943

• 8 · Pension plan contributions

  total $441,017 · program services $226,580 · management and general $19,205 · fundraising $195,232

• 9 · Other employee benefits

  total $1,000,199 · program services $515,012 · management and general $47,073 · fundraising $438,114

• 10 · Payroll taxes

  total $771,296 · program services $396,320 · management and general $33,691 · fundraising $341,285

• 11b · Fees: legal

  total $73,750 · program services $31,346 · management and general $15,373 · fundraising $27,031

• 11c · Fees: accounting

  total $64,642 · program services $27,475 · management and general $13,474 · fundraising $23,693

• 11e · Fees: professional fundraising services

  total $2,376,606 · fundraising $2,376,606

• 11g · Fees: other

  total $2,146,645 · program services $1,083,751 · management and general $92,804 · fundraising $970,090

• 12 · Advertising and promotion

  total $8,612,475 · program services $6,899,650 · management and general $932 · fundraising $1,711,893

• 13 · Office expenses

  total $1,509,457 · program services $1,280,465 · management and general $30,761 · fundraising $198,231

• 14 · Information technology

  total $1,299,107 · program services $694,468 · management and general $130,836 · fundraising $473,803

• 16 · Occupancy

  total $592,465 · program services $251,812 · management and general $123,499 · fundraising $217,154

• 17 · Travel

  total $745,073 · program services $351,351 · management and general $51,126 · fundraising $342,596

• 19 · Conferences, conventions and meetings

  total $431,947 · program services $376,417 · management and general $16,117 · fundraising $39,413

• 20 · Interest

  total $339 · program services $144 · management and general $71 · fundraising $124

• 22 · Depreciation, depletion and amortization

  total $296,559 · program services $134,583 · management and general $58,722 · fundraising $103,254

• 23 · Insurance

  total $68,462 · program services $29,098 · management and general $14,271 · fundraising $25,093

• 24a · Other expenses: DUES & MEMBERSHIP

  total $106,601 · program services $73,617 · management and general $7,260 · fundraising $25,724

• 24b · Other expenses: STAFF DEVELOPMENT

  total $69,355 · program services $20,369 · management and general $3,684 · fundraising $45,302

• 24c · Other expenses: EQUIPMENT RENTAL & MAIN

  total $4,702 · program services $2,443 · management and general $819 · fundraising $1,440

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $32,106,219 · end of year $24,379,081

• 3 · Pledges and grants receivable

  beginning of year $8,540,833 · end of year $6,172,581

• 4 · Accounts receivable

  beginning of year $330,018 · end of year $1,718

• 9 · Prepaid expenses and deferred charges

  beginning of year $20,063,814 · end of year $39,712,674

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

  $3,900,342

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

  $1,477,071

• 10c · Land, buildings and equipment, net

  beginning of year $2,648,438 · end of year $2,423,271

• 11 · Investments: publicly traded securities

  beginning of year $15,143,058 · end of year $19,170,208

• 15 · Other assets

  beginning of year $4,901,410 · end of year $4,592,278

• 17 · Accounts payable and accrued expenses

  beginning of year $2,046,010 · end of year $1,541,538

• 18 · Grants payable

  beginning of year $14,401,556 · end of year $20,658,127

• 19 · Deferred revenue

  beginning of year $31,424,071 · end of year $38,779,793

• 21 · Escrow or custodial account liability

  beginning of year $228,141 · end of year $269,108

• 25 · Other liabilities

  beginning of year $7,414,477 · end of year $7,475,752

• 27 · Net assets without donor restrictions

  beginning of year $27,251,633 · end of year $27,181,156

• 28 · Net assets with donor restrictions

  beginning of year $967,902 · end of year $546,337

The filer's explanations (Part III)

PART I, LINE 4A

THE FORMER CHIEF PHILANTHROPY OFFICER LEFT THE ORGANIZATION IN JUNE OF 2023 AND RECEIVED A SEVERANCE PAYMENT OF $69,792. ALL AMOUNTS ARE PROPERLY REPORTED ON THE FORM W-2 AND SCHEDULE J, PART II, COLUMN B(III).

PART I, LINE 7

WFP USA OFFERS A DISCRETIONARY BONUS TO STAFF TO RECOGNIZE EMPLOYEES WHO MADE UNIQUE OR EXTRAORDINARY CONTRIBUTIONS TO THE ORGANIZATION'S OBJECTIVES AND FOR ACHIEVING ORGANIZATIONAL OBJECTIVES. AT THE END OF THE YEAR, THE BOARD OF DIRECTORS, IN ITS SOLE DISCRETION, DETERMINES WHETHER TO PAY A BONUS TO THE PRESIDENT & CEO, AND THE AMOUNT TO BE PAID. ALSO AT THE END OF THE YEAR, WFP USA, IN ITS DISCRETION, DETERMINES WHETHER TO PAY A BONUS TO STAFF, AND THE AMOUNT OF THE BONUS.