Dearworld Org Inc
- Assets
- $306.6k
- Revenue
- $103.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Salt Lake City, UT
- Founding
- 03/2015
- Data as of
- 12/2021
- EIN
- 46-4910102
Organization Overview
Dearworld Org Inc is located in Salt Lake City, UT. The organization was established in 2015. According to its NTEE Classification (A84) the organization is classified as: Commemorative Events, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Dearworld Org Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dearworld Org 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, Dearworld Org Inc generated $103.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $52.2k during the year ending 12/2021. 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
WE CREATE STORIES THAT EDUCATE AND PROMOTE UNDERSTANDING ACROSS CULTURES REGARDLESS OF RELIGION,RACE, OR LANGUAGE. WE ACCOMPLISH THIS BY TELLING THE STORIES OF PEOPLE ACROSS THE GLOBE IN PHOTO,VIDEO AND AUDIO FORMAT BELIVING THAT EVERYONE HAS A STORY WORTH TELLING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEAR WORLD MADE A STAND TO NOT ONLY CELEBRATE JUNETEENTH AS A NATIONAL HOLIDAY AND HAVE FIREWORKS BUT THEY HAVE DECIDED TO MAKR THE DAY BY INVESTING IN A BLACK ARTIST TO CREATE ART. THIS REMOVES THE NOTION OF CHARITY AND DELIVERS DIRECT IMPACT IN THE FORM OF CASH TO AN ARTIST TO DO WHAT THEY DO BESTTHE FIRST ARTIST WHO RECEIVED THE JUNETEENTH ARTIST INVESTMENT WAS KATAALYST ALCINDOR. KAT RECEIVED AT LEAST $2,500 CREATIVE DIRECTION FEE TO ADAPT HIS POEM GATES OF TOIL INTO A SHORT VIDEO SHOT IN NEW ORLEANS LAST SUMMER. IN RESPONSE TO THE OPPORTUNITY, KAT SAID: WHEN I WAS APPROACHED WITH THIS OPPORTUNITY I WAS DEEPLY HUMBLED. AS THE FIRST ARTIST SELECTED TO RECOGNIZE JUNETEENTH I HAVE A TASK TO PRESENT AND REPRESENT SUCH MEANINGFUL WORK UNDER THE DEAR WORLD BANNER. THIS BARES GREAT NOBILITY.IT IS MY WISH TO REPRESENT MY CULTURE OF STORIES WITH THE UTMOST DIGNITY, HONOR AND SINCERITY. I PRAY THIS IS THE BEGINNING OF SOMETHING THAT CONTINUES TO DENT THIS WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Fortier Vice President | OfficerTrustee | 1 | $0 |
Jane Schawartzenberg Treasurer | OfficerTrustee | 1 | $0 |
Robert Fogarty President | OfficerTrustee | 3 | $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 | $100,966 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,966 |
| Total Program Service Revenue | $0 |
| Investment income | $4,010 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,170 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $103,806 |
| 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 | $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 | $4,729 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | -$6 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,955 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,235 |
| Fees for services: Other | $22,086 |
| Advertising and promotion | $373 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $52,237 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,563 |
| 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 | $197,031 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $306,594 |
| 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 | $216 |
| Total liabilities | $216 |
| Net assets without donor restrictions | $0 |
| 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 | $306,378 |
| Total liabilities and net assets/fund balances | $306,594 |
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