World Connect Inc
- Assets
- $1.8m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 6
- Location
- New York, NY
- Founding
- 05/2006
- Data as of
- 12/2022
- EIN
- 56-2525151
Organization Overview
World Connect Inc is located in New York, NY. The organization was established in 2006. 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 12/2022, World Connect Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Connect 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 Connect Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 9.0% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WORLD CONNECT INVESTS EARLY-STAGE FUNDING IN GRASSROOTS, LOCALLY DESIGNED AND LED PROJECTS THAT DRIVE TRANSFORMATIVE, SELF-SUSTAINING DEVELOPMENT IN THE MOST UNDER-RESOURCED AREAS OF THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORLD CONNECT AWARDED 556,765 IN GRANTS IN 2022 FOR 96 PROJECTS THAT PROMOTE HEALTH, PROTECT THE ENVIRONMENT, AND INCREASE EDUCATION AND ECONOMIC OPPORTUNITY WITH A FOCUS ON WOMEN AND CHILDREN. WORLD CONNECT WORKS WITH STRATEGIC PARTNERS IN THE FIELD WHO ARE WELL POSITIONED TO SUPPORT GENUINE GRASSROOTS LEADERSHIP AND PROJECT DEVELOPMENT. WORLD CONNECT PROJECTS MUST BE LOCALLY LED AND DEMONSTRATE THE PROMISE OF PROMOTING FURTHER COMMUNITY LED DEVELOPMENT.
IN 2022, WORLD CONNECT LAUNCHED A PILOT PROGRAM NAMED NYC CONNECT. THE GOAL OF NYC CONNECT IS TO TEST THE EFFICACY OF WORLD CONNECT'S GLOBAL MODEL IN NEW YORK CITY BY SUPPORTING GRASSROOTS INITIATIVES AND SOCIAL ENTERPRISES THAT ARE HEADED BY AND BENEFIT NEW YORKERS THROUGH GRANT GIVING. DURING 2022, THE ORGANIZATION HIRED A PROGRAM MANAGER, ESTABLISHED AN ADVISORY COMMITTEE, AND RECEIVED THE FIRST COHORT OF GRANT APPLICATION IN PREPARATION FOR THE FIRST ROUND OF GRANT GIVING IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Nathenson Executive Di | Officer | 40 | $189,000 |
Christine Lackowski Chief Operat | 40 | $145,000 | |
Patrick Higdon Director Of | 40 | $133,162 | |
Kathryn Murphy Partnership | 40 | $110,000 | |
Christoph Becker Director | Trustee | 1 | $0 |
George Biddle Chairman | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $383,078 |
| Related organizations | $0 |
| Government grants | $21,456 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,133,666 |
| Noncash contributions included in lines 1a–1f | $236,247 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,538,200 |
| Total Program Service Revenue | $0 |
| Investment income | $9,226 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,402 |
| Net Income from Fundraising Events | -$92,665 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,462,848 |
| 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 | $568,833 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $233,299 |
| Compensation of current officers, directors, key employees. | $11,609 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $656,127 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $61,232 |
| Payroll taxes | $51,733 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $163,231 |
| Advertising and promotion | $0 |
| Office expenses | $44,873 |
| Information technology | $43,412 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $65,743 |
| 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 | $21,101 |
| Insurance | $15,325 |
| All other expenses | $0 |
| Total functional expenses | $1,969,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $619,386 |
| Savings and temporary cash investments | $8,965 |
| Pledges and grants receivable | $621,012 |
| 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 | $4,427 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $451,506 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $136,268 |
| Total assets | $1,841,564 |
| Accounts payable and accrued expenses | $164,142 |
| 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 | $0 |
| Total liabilities | $164,142 |
| Net assets without donor restrictions | $964,916 |
| Net assets with donor restrictions | $712,506 |
| 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 | $1,841,564 |