World Opportunity Foundation Inc is located in Meridian, ID. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Opportunity 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 12/2022, World Opportunity Foundation Inc generated $69.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.4%) each year. All expenses for the organization totaled $366.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
MENTORING AND EDUCATIONAL PROGRAMS - THE FOUNDATION PROVIDES MENTORING AND EDUCATIONAL PROGRAMS TO BUSINESSES AND ORGANIZATIONS TO DEVELOP SKILLS FOR BETTER BUSINESS PRACTICES AND METHODS.
CHARITABLE GIVING AND HUMANITARIAN AID - THE FOUNDATION PROVIDES CHARITABLE GIVING TO OTHER NON-PROFIT ORGANIZATIONS AND HUMANITARIAN AID TO POOR, DISTRESSED ANDN UNDERPRIVILEGED COMMUNITIES.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derek Keller President | 20 | $0 | |
Jim Keller Secretary/treasurer | 0.1 | $0 | |
Renee Keller Director | 0.1 | $0 |
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $69,797 |
| Capital Gain Net Income | $69,797 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $69,797 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $6,203 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $11,094 |
| Printing and publications | $0 |
| Other expenses | $344,980 |
| Total operating and administrative expenses | $366,046 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $366,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,792 |
| Savings and temporary cash investments | $0 |
| 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 | $275,000 |
| 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 | $0 |
| Total assets | $277,792 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $496,723 |
| Mortgages and other notes payable | $36,000 |
| Other liabilities | $4,681 |
| Total liabilities | $537,404 |