We Are The World Foundation
- Assets
- $0.0
- Revenue
- $49.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Rancho Santa Fe, CA
- Founding
- Data as of
- 08/2017
- EIN
- 27-1865560
Organization Overview
We Are The World Foundation is located in Rancho Santa Fe, CA. We Are The World 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 08/2017, We Are The World Foundation generated $49.1k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $81.2k during the year ending 08/2017. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO USE THE DISTRIBUTION OF THE AUDIO AND VISUAL RECORDINGS OF THE PERFORMANCE OF "WE ARE THE WORLD 25 FOR HAITI" AS AN EDUCATIONAL TOOL TO RAISE CONSCIOUSNESS ABOUT THE ONGOING NEEDS IN HAITI AND OTHER PARTS OF THE DEVELOPING WORLD AFFECTED BY NATURAL DISASTERS; TO BUILD A WORLDWIDE MOVEMENT THAT FURTHERS THE SPIRIT OF PHILANTHROPIC ACTIVISM; AND TO RAISE FUNDS FOR DISTRIBUTION TO OTHER CHARITABLE ORGANIZATIONS WITH EFFICIENT RELIEF AND DEVELOPMENT PROGRAMS IN HAITI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HAS MADE A SUBSTANTIAL GRANT TO ARTISTS FOR PEACE AND JUSTICE ("APJ"), A DOMESTIC TAX-EXEMPT ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, FOR THE PURCHASE OF LAND AND DEVELOPMENT AND OPERATION OF A COLLEGE-LEVEL TECHNICAL SCHOOL TO SERVE IMPOVERISHED HAITIAN YOUTH. AT ITS CAMPUS IN JAKMEL, THE WE ARE THE WORLD SCHOOL OF MUSIC AND AUDIO ENGINEERING HAS ALREADY BEGUN OPERATING A TWO-YEAR CURRICULUM TRAINING STUDENTS TO BE QUALIFIED FOR EMPLOYMENT IN THE FIELDS OF AUDIO ENGINEERING, MUSIC ENGINEERING AND/OR SOUND PRODUCTION. THE SCHOOL WILL ALSO CONTAIN DIVISIONS OF EMPLOYMENT AND PROFESSIONAL SUPPORT, PROVIDING GRADUATES WITH ACCESS TO TOOLS AND FACILITIES NEEDED FOR THEIR CAREERS. THE INAUGURAL CLASS BEGAN ITS STUDIES IN OCTOBER 2013. THE SCHOOL GRADUATED ITS FIRST CLASS OF 29 STUDENTS IN JUNE 2015, AND NEW CLASSES OF STUDENTS HAVE ENTERED THE PROGRAM IN OCTOBER EACH YEAR SINCE THEN.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandon Phillips Director/president | OfficerTrustee | 2.5 | $0 |
Quincy Jones Director | Trustee | 2.5 | $0 |
Peter Tortorici Director/treasurer | OfficerTrustee | 2.5 | $0 |
Lionel Richie Director | Trustee | 2.5 | $0 |
Paul Haggis Director | Trustee | 2.5 | $0 |
Adam Fell Director | Trustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,669 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,669 |
| Total Program Service Revenue | $19,437 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,106 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $58,666 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,773 |
| Fees for services: Accounting | $5,444 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $449 |
| Advertising and promotion | $0 |
| Office expenses | $455 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $18 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,351 |
| All other expenses | $0 |
| Total functional expenses | $81,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
Grants Awarded
Over the last fiscal year, We Are The World Foundation has awarded $58,666 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ARTISTS FOR PEACE & JUSTICE PURPOSE: ON APRIL 18, 2010, THE FOUNDATION'S BOARD OF DIRECTORS APPROVED A GRANT IN THE AMOUNT OF $1,500,000 WHICH ON JULY 30, 2012, WAS REVISED TO $2,582,410 TO ARTISTS FOR PEACE AND JUSTICE ("APJ"), A DOMESTIC TAX-EXEMPT ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, FOR THE CONSTRUCTION AND FIVE YEARS OF OPERATIONS OF A MUSIC SCHOOL FOR IMPOVERISHED YOUNG PEOPLE IN HAITI. THE FIRST INSTALLMENT OF THAT GRANT WAS DISBURSED ON JANUARY 5, 2011 AND THE SECOND INSTALLMENT WAS DISBURSED ON AUGUST 3, 2012 FOLLOWING THE FOUNDATION'S RECEIPT FROM APJ OF PROJECT DETAIL, PLANS AND DOCUMENTATION. IN 2013 A DISBURSEMENT TOWARDS PHASE TWO OF THE PROJECT WAS MADE ON AUGUST 30TH. A SUPPLEMENTAL AGREEMENT WAS ALSO APPROVED ON OCTOBER 2013 FOR $323,865 AND THE FIRST TWO INSTALLMENTS, TOTALING $215,910, WERE PAID ON OCTOBER 22, 2013.[CONTINUED ON SCHEDULE O] | $58,666 |
THE QUINCY JONES FOUNDATION PURPOSE: TRANSFER OF INTELLECTUAL PROPERTY AND CONTRACTUAL RIGHTS TO CHARITABLE ORGANIZATIONS | $0 |
THE LIONEL RICHIE FOUNDATION PURPOSE: TRANSFER OF INTELLECTUAL PROPERTY AND CONTRACTUAL RIGHTS TO CHARITABLE ORGANIZATIONS. | $0 |