World Impact Foundation
- Assets
- $2.8m
- Revenue
- -$60.1k
- Investments
- $1.5m
- Employees
- 0
- Location
- Malibu, CA
- Founding
- 03/2013
- Data as of
- 12/2022
- EIN
- 45-3265116
Organization Overview
World Impact Foundation is located in Malibu, CA. The organization was established in 2013. 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 Impact Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
COUNTY OF VENTURA HUMAN SERVICES AGENCY: SUPPORT FAMILIES AND YOUTH IN NEED WITH PROTECTION AND ASSISTANCE IN VENTURA COUNTY, CALIFORNIA.
SAVE THE CHILDREN FOUNDATION: SUPPORT FOR CHILDREN AROUND THE WORLD TO FIGHT POVERTY AND PROVIDE TOOLS TO PROMOTE HEALTH AND QUALITY EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Ashby CEO | 40 | $58,000 | |
Jaffar H Agha Secretary | 3 | $0 | |
Adnan Merchant CFO | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $71 |
| Dividends & Interest | $95,499 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$211,344 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $55,682 |
| Total Revenue | -$60,092 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $58,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,075 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,944 |
| Total operating and administrative expenses | $106,757 |
| Contributions, gifts, grants paid | $180,346 |
| Total expenses and disbursements | $287,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,049 |
| Savings and temporary cash investments | $479,989 |
| Net Accounts receivable | $0 |
| 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 | $706,425 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $750,232 |
| Total assets | $2,816,264 |
| 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 | $1,509 |
| Total liabilities | $1,509 |
Grants Awarded
Over the last fiscal year, World Impact Foundation has awarded $180,346 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
COUNTY OF VENTURA HUMAN SERVICES AG PURPOSE: DONATION TO SUPPORT FAMILY AMD YOUTH IN VENTURA COUNTY CALIFORNIA | $15,000 |
SAVE THE CHILDREN FOUNDATION PURPOSE: DONATION TO FIGHT POVERTY AND PROMOTE HEALTH AND EDUCATION | $115,346 |
SAVE THE CHILDREN FOUNDATION PURPOSE: DONATION TO FIGHT POVERTY AND PROMOTE HEALTH AND EDUCATION | $50,000 |