Word Foundation Inc
- Assets
- $696.2k
- Revenue
- $99.4k
- Investments
- $2.5k
- Employees
- 2
- Location
- Rochester, NY
- Founding
- 04/1968
- Data as of
- 12/2022
- EIN
- 13-1855275
Organization Overview
Word Foundation Inc is located in Rochester, NY. The organization was established in 1968. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Word Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Word Foundation Inc 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 12/2022, Word Foundation Inc generated $99.4k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $120.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE WORD FOUNDATION IS TO MAKE KNOWN TO THE PEOPLE OF THE WORLD THE CONTENTS AND MEANING OF THINKING AND DESTINY AND ALL OTHER BOOKS WRITTEN BY HAROLD W. PERCIVAL.
Describe the Organization's Program Activity:
Part 3
A THREE BOOK SET OF PAPERBACK BOOKS TOTALING 1704 PAGES WAS WORKED ON THROUGHOUT ALL OF 2021 AND FINALLY PUBLISHED ON MARCH 17, 2022. THESE THREE BOOKS CONTAIN ALL OF THE EARLY WRITINGS OF HAROLD W. PERCIVAL.A NEW YOUTUBE VIDEO OF THE 28 PAGE INTRODUCTION TO THINKING AND DESTINY WAS PRODUCED AND PUBLISHED IN 2021.A 2021 FUNDRAISING LETTER RESULTED IN CONRIBUTIONS TOTALING $50,692.THE FOUNDATION IS IN ITS 36TH YEAR OF PROVIDING A QUARTERLY MAGAZINE, THE WORD, TO ITS MEMBERS.
THREE BOOKS OF EARLY WRITINGS BY HAROLD W. PERCIVAL WERE PRODUCED AS EPUB DOCUMENTS AND PUBLISHED AS E-BOOKS.CONTINUOUS IMPROVEMENT OF THE FOUNDATIONS WEBSITE INCLUDED THE ADDITION OF A BETTER SEARCH ENGINE AND THE ADDITION OF BOOKMARKS FOR ALL THE PERCIVAL BOOKS.PERCIVALS MASONRY AND ITS SYMBOLS WAS CONVERTED TO PRINT ON DEMAND FORMAT AND PUBLISHED IN 2022.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Coiro President | 35 | $0 | |
Dante Diprosa Vice President | 2 | $0 | |
Lavonna Shapley Treasurer | 1 | $0 | |
Ken Bailey Trustee | 1 | $0 | |
Frank Dellisanti Secretary | 2 | $0 | |
James Omiya Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,565 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,488 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,053 |
| Total Program Service Revenue | $0 |
| Investment income | $41,126 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $206 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14,004 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $99,389 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $54,000 |
| Compensation of current officers, directors, key employees. | $21,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,131 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $150 |
| Fees for services: Accounting | $2,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $634 |
| Advertising and promotion | $4,180 |
| Office expenses | $2,256 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,204 |
| Travel | $789 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $919 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $631 |
| Insurance | $2,518 |
| All other expenses | $6,994 |
| Total functional expenses | $120,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,131 |
| Savings and temporary cash investments | $85,317 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,826 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,078 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,841 |
| Investments—publicly traded securities | $579,330 |
| Investments—other securities | $2,500 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $200 |
| Total assets | $696,223 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,663 |
| Total liabilities | $2,663 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $693,560 |
| Total liabilities and net assets/fund balances | $696,223 |