World Peace Foundation
- Assets
- $28.2m
- Revenue
- $1.1m
- Investments
- $11.9m
- Employees
- 0
- Location
- Somerville, MA
- Founding
- 04/1935
- Data as of
- 06/2021
- EIN
- 04-2105854
Organization Overview
World Peace Foundation is located in Somerville, MA. The organization was established in 1935. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Peace Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, World Peace Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $1.2m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
SEE STATEMENT 13
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex DE Waal Executive Director | 35 | $188,592 | |
Bridget Conley Research Director | 35 | $139,865 | |
Lisa Avery Associate Director | 35 | $74,047 | |
Barbara Stowe Vice Chair | 1 | $0 | |
Jacqueline Bhabha Trustee | 1 | $0 | |
Jeffrey Summit Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $759,848 |
| Interest on Savings | $0 |
| Dividends & Interest | $95,602 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $62,980 |
| Capital Gain Net Income | $62,982 |
| Net ST Capital Gain | $83,192 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $172,328 |
| Total Revenue | $1,090,758 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $188,592 |
| Other employee salaries and wages | $305,827 |
| Pension plans, employee benefits | $127,206 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $2,854 |
| Occupancy | $147,024 |
| Travel, conferences, and meetings | $6,072 |
| Printing and publications | $799 |
| Other expenses | $34,621 |
| Total operating and administrative expenses | $1,173,547 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,173,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,544 |
| Savings and temporary cash investments | $140,111 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $163,463 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,579 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,672,382 |
| Net Land, buildings, and equipment | $5,013 |
| Other assets | $15,800,087 |
| Total assets | $28,215,385 |
| Accounts payable and accrued expenses | $45 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $45 |
Grants Awarded
Over the last fiscal year, World Peace Foundation has awarded $41,982 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC UNIVERSITY OF LOUVAIN PURPOSE: RESEARCH | $11,701 |
CATHOLIC UNIVERSITY OF LOUVAIN PURPOSE: RESEARCH | $11,701 |
STOCKHOLM INTERNATIONAL PEACE RESEARCH INSTITUTE PURPOSE: RESEARCH | $9,290 |
STOCKHOLM INTERNATIONAL PEACE RESEARCH INSTITUTE PURPOSE: RESEARCH | $9,290 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that World Peace Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Craig And Connie Thatcher Foundation Salt Lake City, UT PURPOSE: PROGRAM SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Eastern Bank Charitable Foundation Lynn, MA | $286,575,476 | $18,352,628 |
G Harold And Leila Mathers Charitable Foundation Rye Brook, NY | $96,045,942 | $16,941,265 |
Elms Foundation Providence, RI | $0 | -$22,907 |
Thomas L Kempner Jr Foundation Inc Southampton, NY | $328,355,645 | $44,754,721 |