World Education Foundation
- Assets
- $532.9k
- Revenue
- $518.1k
- Investments
- $525.8k
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 03/2004
- Data as of
- 12/2022
- EIN
- 20-0634413
Organization Overview
World Education Foundation is located in Las Vegas, NV. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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 Education 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 12/2022, World Education Foundation generated $518.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $855.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, World Education Foundation has awarded 15 individual grants totaling $2,059,344. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vinod Gupta Trustee | 1 | $0 | |
Jess Gupta Trustee | 1 | $0 | |
Fred Vakili Trustee | 1 | $0 | |
Vijay Malik Trustee | 1 | $0 | |
Ashutosh Dayal Sharma Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $94,690 |
| Interest on Savings | $114 |
| Dividends & Interest | $10,376 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $411,521 |
| Capital Gain Net Income | $411,521 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,377 |
| Total Revenue | $518,078 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $744 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $48,076 |
| Printing and publications | $0 |
| Other expenses | $4,070 |
| Total operating and administrative expenses | $93,379 |
| Contributions, gifts, grants paid | $762,454 |
| Total expenses and disbursements | $855,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$185 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,733 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,591 |
| Total assets | $532,934 |
| Accounts payable and accrued expenses | $0 |
| 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 | $334,000 |
| Total liabilities | $334,000 |
Grants Awarded
Over the last fiscal year, World Education Foundation has awarded $762,454 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
KHAN ACADEMY PURPOSE: PROVIDE A FREE, WORLD-CLASS EDUCATION FOR ANYONE, ANYWHERE | $10,000 |
SAN FRANCISCO SYMPHONY PURPOSE: INSPIRE AND SERVE AUDIENCES AND COMMUNITIES THROUGHOUT THE BAY AREA AND THE WORLD THROUGH THE POWER OF MUSICAL PERFORMANCE | $10,000 |
SHREYOSHI GHOSH - UNIVERSITY OF NEB PURPOSE: SCHOLARSHIP | $32,695 |
TANVI JAIN - UNIVERSITY OF CALIFORN PURPOSE: SCHOLARSHIP | $37,966 |
TGR LIVE PURPOSE: EMPOWER STUDENTS TO PURSUE THEIR PASSIONS THROUGH EDUCATION | $35,000 |
THE FUND FOR THE TIGER PURPOSE: HELP PREVENT EXTINCTION OF TIGERS | $1,000 |