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Nonprofiteer
← World Environment Center Inc

Form 990 for tax year 2023

Filed by World Environment Center Inc.

Totals

Total revenue
$2,000,736
Total expenses
$1,698,339
Contributions and grants received
$1,917,473
Grants paid
$0
Program service revenue
$0
Investment income
$57
Other revenue
$83,206
Total assets, end of year
$593,250
Total liabilities, end of year
$214,265
Net assets or fund balances, end of year
$378,985
Program services expenses (Part IX)
$1,461,116
Management and general expenses
$213,171
Fundraising expenses
$24,052
Program service expenses (Part III)
$1,461,116

Program services were 86.0% 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.

  • 1b · Membership dues

    $256,000

  • 1c · Fundraising events

    $88,000

  • 1e · Government grants (contributions)

    $1,159,223

  • 1f · All other contributions, gifts and grants

    $414,250

  • 3 · Investment income

    total $57 · excluded $57

  • 8a · Fundraising events: gross income

    $114,016

  • 8a · Fundraising events: contributions included on line 1c

    $88,000

  • 8b · Fundraising events: direct expenses

    $44,330

  • 8c · Net income from fundraising events

    total $69,686 · excluded $69,686

  • 11a · Other revenue: Miscellaneous

    total $13,520 · related or exempt $13,520

  • 11e · Other revenue, total

    $13,520

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $198,067 · program services $145,547 · management and general $42,638 · fundraising $9,882

  • 7 · Other salaries and wages

    total $39,504 · program services $29,029 · management and general $8,504 · fundraising $1,971

  • 8 · Pension plan contributions

    total $23,564 · program services $17,316 · management and general $5,072 · fundraising $1,176

  • 9 · Other employee benefits

    total $16,455 · program services $12,281 · management and general $3,340 · fundraising $834

  • 10 · Payroll taxes

    total $20,500 · program services $15,065 · management and general $4,413 · fundraising $1,022

  • 11b · Fees: legal

    total $3,680 · management and general $3,680

  • 11c · Fees: accounting

    total $37,904 · management and general $37,904

  • 11f · Fees: investment management

    total $110 · management and general $110

  • 11g · Fees: other

    total $1,104,668 · program services $1,018,980 · management and general $76,521 · fundraising $9,167

  • 12 · Advertising and promotion

    total $7,500 · management and general $7,500

  • 13 · Office expenses

    total $21,470 · program services $15,113 · management and general $6,357

  • 16 · Occupancy

    total $4,098 · management and general $4,098

  • 17 · Travel

    total $75,384 · program services $73,085 · management and general $2,299

  • 22 · Depreciation, depletion and amortization

    total $2,902 · management and general $2,902

  • 23 · Insurance

    total $8,355 · program services $5,523 · management and general $2,832

  • 24a · Other expenses: Coordinator Fees

    total $128,293 · program services $123,292 · management and general $5,001

  • 24b · Other expenses: Bank and Miscellaneous Fees

    total $5,885 · program services $5,885

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $348,075

  • 2 · Savings and temporary cash investments

    beginning of year $42,873

  • 3 · Pledges and grants receivable

    beginning of year $157,648 · end of year $206,532

  • 4 · Accounts receivable

    beginning of year $21,580 · end of year $20,000

  • 9 · Prepaid expenses and deferred charges

    end of year $5,644

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

    $74,335

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

    $66,573

  • 10c · Land, buildings and equipment, net

    end of year $7,762

  • 11 · Investments: publicly traded securities

    beginning of year $989

  • 15 · Other assets

    beginning of year $125,971 · end of year $5,237

  • 17 · Accounts payable and accrued expenses

    beginning of year $131,626 · end of year $100,541

  • 25 · Other liabilities

    beginning of year $145,833 · end of year $113,724

  • 27 · Net assets without donor restrictions

    beginning of year -$223,992 · end of year $378,985

  • 28 · Net assets with donor restrictions

    beginning of year $295,594

Mission and programs · 2023

Mission

WEC is a global, non-profit, non-advocacy organization whose mission is to advance sustainable development through the business strategies and operations of member companies in partnership with government, non-governmental organizations and other stakeholders.

  • WEC capacity building program in Central and South America contributes to sustainable development by providing cooperative projects, training and technology solutions that enhance the ability of industry, government and environmental organizations to protect and improve the environment while strengthening economic development. These programs are often funded through government grants and/or WECs corporate members. This category includes all WEC supply chain projects. This category also includes UNEP grants that discusses strengthening actions to achieve the sustainable development goals to help the environment.

    Expenses $1,339,377

  • Services provided by WEC to all members in general, including international membership roundtables and sustainability forums. These services provide senior level HSE, CSR and sustainable development executives in multinational corporations with an exchange of information, expertise and a worldwide network of contacts to promote the shared mission of WEC and member companies.

    Expenses $74,859

  • This program comprises special/ad hoc activities that support WEC in achieving its mission.

    Expenses $46,880

As filed on the 2023 return.

Listed in Part VII

  • Glenn Prickett

    Former President & CEO

    Total calculated
    $198,067
    From this org
    $198,067
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,067
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $198,067

  • Lars Murawski

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Karen Westley

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Kevin Butt

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Lauren Hopkins

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Donna Venable

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Exequiel Rolon

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Eunice Heath

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1

  • Margaret OGorman

    President & CEO

    Total calculated
    $0
    Hours/week
    1

  • Emilio Tenuta

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Sheryl Telford

    Treasurer

    Total calculated
    $0
    Hours/week
    1

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 · 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.

Provenance

Return type
form_990
Tax year
2023
Filed
6 February 2025
IRS schema version
2023v6.0
Source object
202530379349301323

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