Metro World Child Foundation Inc
- Assets
- $2.5m
- Revenue
- $8.0m
- Investments
- $350.0k
- Employees
- 8
- Location
- Brooklyn, NY
- Founding
- 08/2013
- Data as of
- 12/2021
- EIN
- 46-1387794
Organization Overview
Metro World Child Foundation Inc is located in Brooklyn, NY. The organization was established in 2013. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Metro World Child Foundation Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metro World Child 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 12/2021, Metro World Child Foundation Inc generated $8.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $7.6m during the year ending 12/2021. While expenses have increased by 10.2% 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
MWCF PROVIDES SUPPORT AND SERVICES TO CHILDREN LIVING IN ADVERSE CONDITIONS IN METROPOLITAN AREAS BOTH IN THE UNITED STATES AND IN DEVELOPING COUNTRIES. SPECIFIC FOCUS AREAS INCLUDE EDUCATIONAL SUPPORT, SPIRITUAL DEVELOPMENT AND PHYSICAL HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FINANCIAL SUPPORT TO SIMILAR ORGANIZATIONS TO VARIOUS PROGRAM AND SERVICES FOR CHILDREN LIVING IN ADVERSE CONDITIONS IN METROPOLITAN AREAS. THE ACTIVITIES ARE FOCUSED AND CENTERED ON EDUCATIONAL SUPPORT AND PROVIDING RESOURCES TO FURTHER CHILDREN'S SPIRITUAL DEVELOPMENT.
PROVIDED FINANCIAL SUPPORT TO LIKE-KIND INTERNATIONAL ORGANIZATIONS THAT PROVIDE PROGRAM AND SERVICES FOR CHILDREN LIVING IN ADVERSE CONDITIONS. THE ACTIVITIES ARE FOCUSED AND CENTERED ON EDUCATIONAL SUPPORT AND PROVIDING CHILDREN WITH SPIRITUAL DEVELOPMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William F Wilson Chairman Of The Board | Trustee | 15 | $105,530 |
Alistair Perumal Chief Operating Officer | Officer | 10 | $54,099 |
Arthur Ledlie Vice President | Trustee | 2 | $0 |
Cherrie Tapp Board Secretary | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Robbinskersten Direct Fundraising | 12/30/17 | $408,249 |
Infinity Concepts Fundraising | 12/30/17 | $108,580 |
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 | $8,008,272 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,008,272 |
| Total Program Service Revenue | $0 |
| 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 | $8,020,281 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,950,260 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,514,103 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $159,610 |
| Compensation of current officers, directors, key employees. | $15,963 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $240,889 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,447 |
| Payroll taxes | $33,393 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,094 |
| Fees for services: Accounting | $70,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $37,524 |
| Information technology | $68,628 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $769 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,125 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,706 |
| Insurance | $10,145 |
| All other expenses | $0 |
| Total functional expenses | $7,633,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,633,036 |
| Savings and temporary cash investments | $18,985 |
| Pledges and grants receivable | $522,253 |
| 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 | $11,038 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $350,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,385 |
| Total assets | $2,538,697 |
| Accounts payable and accrued expenses | $149,232 |
| 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 | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $299,232 |
| Net assets without donor restrictions | $2,239,465 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,538,697 |
Grants Awarded
Over the last fiscal year, Metro World Child Foundation Inc has awarded $6,190,021 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Brooklyn, NY PURPOSE: SUPPORT FOR CHILDREN'S SERVICES | $5,765,376 |
MWC MEDICAL RELIEF FUND PURPOSE: SUPPORT CHILDREN'S MEDICAL NEEDS | $424,645 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Metro World Child Foundation Inc has recieved totaling $361,335.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $313,750 |
Gods Way Ministries Inc Milford, DE | | $31,585 |
Christian Community Foundation Inc Colorado Springs, CO PURPOSE: GENERAL SUPPORT | $10,000 |
Oral Roberts Evangelistic Association Tulsa, OK PURPOSE: CHILDREN'S MINISTRY | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tov Vchesed Foundation Inc Monsey, NY | $610,324 | $14,594,457 |
Kolel Shomre Hachomos Of Jerusalem Inc Brooklyn, NY | $8,417,391 | $12,158,295 |
Marys Meals Usa Inc Bloomfield, NJ | $3,234,334 | $9,784,357 |
We Charity Williamsville, NY | $15,990,436 | $8,510,977 |
Big Heart Foundation Inc Clifton, NJ | $8,754,377 | $8,531,455 |
Grassroots International Inc Boston, MA | $13,759,969 | $12,517,391 |
Afsnc Inc New York, NY | $3,029,853 | $9,756,195 |
Alima Usa Inc New York, NY | $6,341,096 | $6,115,397 |
Metro World Child Foundation Inc Brooklyn, NY | $2,538,697 | $8,020,281 |
World Spiritual Awareness Forum Inc Roslyn Heights, NY | $803,724 | $7,990,339 |
Refugepoint Inc Boston, MA | $13,622,053 | $13,092,298 |
Albanian-American Development Foundation New York, NY | $216,065,025 | $9,264,607 |