Worldwide Initiatives For Grantmaker Support Inc
- Assets
- $1.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/2010
- Data as of
- 12/2021
- EIN
- 27-3801730
Organization Overview
Worldwide Initiatives For Grantmaker Support Inc is located in New York, NY. The organization was established in 2010. According to its NTEE Classification (T02) the organization is classified as: Management & Technical Assistance, 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. Worldwide Initiatives For Grantmaker Support 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 12/2021, Worldwide Initiatives For Grantmaker Support Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 12.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO GROW A STRONG, GLOBAL PHILANTHROPIC COMMUNITY THAT WORKS TO BUILD MORE EQUITABLE AND JUST SOCIETIES AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WINGS IS THE ONLY GLOBAL NETWORK OF PHILANTHROPY SUPPORT AND DEVELOPMENT ORGANIZATIONS. WINGS IS A COMMUNITY OF THOUGHT LEADERS AND CHANGEMAKERS WHO ARE COMMITTED TO GROWING AND STRENGTHENING PHILANTHROPY TO ENSURE THAT IT REACHES ITS FULLEST POTENTIAL AS A CATALYST FOR SOCIAL PROGRESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Naila Farouky Chair | OfficerTrustee | 2 | $0 |
Paula Fabiani Secretary | OfficerTrustee | 2 | $0 |
Andrew Chunilall Treasurer | OfficerTrustee | 2 | $0 |
Paul Phillippe Benjamin Bellegy Executive Director | Officer | 40 | $0 |
Ingrid Srinath Director | Trustee | 2 | $0 |
Alina Mihaela Porumb Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $273,030 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,506,014 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,779,044 |
| Total Program Service Revenue | $38,050 |
| Investment income | $4,220 |
| 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 | $1,851,390 |
| 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 | $189,334 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $174,066 |
| Compensation of current officers, directors, key employees. | $17,407 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,835 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,214 |
| Payroll taxes | $42,970 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,024 |
| Fees for services: Accounting | $42,897 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $680,795 |
| Advertising and promotion | $0 |
| Office expenses | $2,307 |
| Information technology | $29,585 |
| Royalties | $0 |
| Occupancy | $2,264 |
| Travel | $6,873 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,340 |
| Interest | $23 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,791 |
| Insurance | $1,785 |
| All other expenses | $0 |
| Total functional expenses | $1,244,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,946 |
| Savings and temporary cash investments | $1,418,664 |
| Pledges and grants receivable | $128,036 |
| 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 | $42,683 |
| Net Land, buildings, and equipment | $12,936 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,728,265 |
| Accounts payable and accrued expenses | $48,649 |
| Grants payable | $0 |
| Deferred revenue | $279,719 |
| 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 | $328,368 |
| Net assets without donor restrictions | $589,693 |
| Net assets with donor restrictions | $810,204 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,728,265 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Worldwide Initiatives For Grantmaker Support Inc has recieved totaling $225,000.
| Awarding Organization | Amount |
|---|---|
Impactassets Inc Bethesda, MD PURPOSE: UNRESTRICTED CHALLENGE GRANT | $125,000 |
Ford Foundation New York, NY PURPOSE: GENERAL SUPPORT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hebrew Seniorlife Inc Boston, MA | $277,983,076 | $21,516,879 |
Center For Effective Philanthropy Inc Cambridge, MA | $19,860,929 | $21,070,243 |
Flatbush Community Fund Inc Cedarhurst, NY | $1,092,770 | $2,134,517 |
New Voices Foundation Amityville, NY | $20,164,120 | $894,618 |
Worldwide Initiatives For Grantmaker Support Inc New York, NY | $1,728,265 | $1,851,390 |
Allied Community Services Inc Enfield, CT | $1,847,285 | $1,199,233 |
Social Movement Technologies Foundation Inc Bloomfield, CT | $980,985 | $403,532 |
Partners For Public Good New York, NY | $0 | $281,198 |
Capital City Education Foundation Inc Simsbury, CT | $2,510,553 | $262,676 |
Hyde Management Company Inc Glens Falls, NY | $0 | $0 |