World Peace Foundation
- Assets
- $25.1m
- Revenue
- $2.5m
- Investments
- $10.4m
- Employees
- 0
- Location
- Somerville, MA
- Founding
- 04/1935
- Data as of
- 06/2022
- 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 06/2022, World Peace Foundation generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $1.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE STATEMENT 14
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex DE Waal Executive Director | 35 | $201,039 | |
Peter Blum Board Chair | 1 | $0 | |
Matthew Henshon Trustee | 1 | $0 | |
Nawal Nour Secretary | 1 | $0 | |
Eileen Babbitt Trustee | 1 | $0 | |
Jacqueline Bhabha Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,121,375 |
| Interest on Savings | $0 |
| Dividends & Interest | $95,136 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,226,184 |
| Capital Gain Net Income | $1,303,382 |
| Net ST Capital Gain | $29,979 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $46,105 |
| Total Revenue | $2,488,800 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $193,307 |
| Other employee salaries and wages | $248,116 |
| Pension plans, employee benefits | $160,056 |
| Interest | $0 |
| Taxes | $9 |
| Depreciation | $2,532 |
| Occupancy | $134,493 |
| Travel, conferences, and meetings | $61,037 |
| Printing and publications | $10 |
| Other expenses | $36,758 |
| Total operating and administrative expenses | $1,107,848 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,107,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $537,957 |
| Savings and temporary cash investments | $76,419 |
| Net Accounts receivable | $65 |
| Net Pledges Receivable | $0 |
| Grants receivable | $398,838 |
| 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 | $626 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,199,296 |
| Net Land, buildings, and equipment | $2,481 |
| Other assets | $13,697,086 |
| Total assets | $25,094,206 |
| Accounts payable and accrued expenses | $10,452 |
| 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 | $10,452 |
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 |
STOCKHOLM INTERNATIONAL PEACE RESEARCH INSTITUTE PURPOSE: RESEARCH | $9,290 |
CATHOLIC UNIVERSITY OF LOUVAIN PURPOSE: RESEARCH | $11,701 |
STOCKHOLM INTERNATIONAL PEACE RESEARCH INSTITUTE PURPOSE: RESEARCH | $9,290 |