Worlds Fair Bid Committee Educational Fund
- Assets
- $110.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 05/2015
- Data as of
- 12/2022
- EIN
- 47-3629241
Organization Overview
Worlds Fair Bid Committee Educational Fund is located in Minneapolis, MN. The organization was established in 2015. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Worlds Fair Bid Committee Educational Fund 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, Worlds Fair Bid Committee Educational Fund generated $92.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (19.4%) each year. All expenses for the organization totaled $130.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE WORLD'S FAIR BID COMMITTEE EDUCATIONAL FUND WORKS TO INFORM CITIZENS OF THE UNITED STATES ABOUT THE VALUE OF INTERNATIONAL EXPOSITIONS, OFTEN REFERRED TO AS WORLD FAIRS AND WORLD EXPOS, DURING THIS PAST YEAR WE EXPERIENCED MODEST ORGANIZATIONAL GROWTH, INCLUDING INCREASED PARTICIPATION IN FIRST-HAND INFORMATION GATHERING AND SHARING IN TWO WORLD EXPOS - DUBAI EXPO 2020 AND EXPO OSAKA 2025. IN THE CASE OF THE DUBAI EXPO, THE WORLDS FAIR BID COMMITTEE EDUCATIONAL FUND PARTICIPATED IN EDUCATIONAL PROGRAMS BOTH IN MINNESOTA AND IN DUBAI AT THE EXPO SITE, AND WE USED THE INTERNET TO MAKE THESE EDUCATIONAL PROGRAMS AVAILABLE TO MILLIONS AROUND THE PLANET. WE WORKED CLOSELY WITH THE ORGANIZERS OF THE UPCOMING, IN 2025, OSAKA EXPO ON A RANGE OF PUBLIC EDUCATION ISSUES, DESIGNED TO BOOST MINNESOTA CITIZEN AWARENESS OF AND DESIRE TO PARTICIPATE IN EXPO DUBAI. DURING THE YEAR WE HAVE BEEN ABLE TO SUPPORT EFFORTS TO BRING A WORLD EXPO TO THE UNITED STATES, SPECIFICALLY TO MINNESOTA IN 2027 AND TO OTHER INTERESTED CITIES, LIKE HOUSTON. WE ANTICIPATE THAT ACTIVITIES IN EACH OF THESE AREAS WILL CONTINUE TO GROW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Ritchie President | 20 | $0 | |
Deanna Nord Secretary | 1 | $0 | |
Wendy Meadley Treasurer | 1 | $0 | |
Jennifer Bonine Board Member | 1 | $0 | |
Shawn Edwards Board Member | 1 | $0 | |
Phoenix Eyre Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,344 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $92,344 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $21,573 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $13 |
| Other expenses | $108,604 |
| Total expenses | $130,190 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $18,684 |
| Other assets | $0 |
| Total assets | $110,090 |
| Total liabilities | $138,799 |
| Net assets or fund balances | -$28,709 |