World Of Westchase Inc
- Assets
- $153.6k
- Revenue
- $495.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Tampa, FL
- Founding
- 05/2018
- Data as of
- 12/2020
- EIN
- 59-3502739
Organization Overview
World Of Westchase Inc is located in Tampa, FL. The organization was established in 2018. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Of Westchase 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 12/2020, World Of Westchase Inc generated $495.0k 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 (6.0%) each year. All expenses for the organization totaled $506.0k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 3 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
WORLD OF WESTCHASE, INC. (WOW) IS A FLORIDA NOT-FOR-PROFIT CORPORATION WHICH IS REGISTERED WITH THE IRS UNDER SECTION 501(C)(3). AS PART OF THE APPLICATION, THE SUPPORTING DOCUMENTS CLEARLY IDENTIFY ITS ACTIVITIES AS A COMMUNITY NEWS MAGAZINE WITH EXCESS REVENUES BEING DISTRIBUTED TO SCHOOLS AND OTHER COMMUNITY GROUPS. HISTORICALLY, AND PRIMARILY, WOW HAS PROVIDED THIS SERVICE TO THE COMMUNITY OF WESTCHASE BY PUBLISHING A NEWSLETTER, WHICH HAS GROWN INTO A MONTHLY NEWS MAGAZINE, CONTAINING INFORMATION OF INTEREST ABOUT THE COMMUNITY (INCLUDING ITS GOVERNING BODIES, COMMUNITY ACTIVITIES, RESIDENTS, ETC.). THIS PUBLICATION HAS BEEN AND CONTINUES TO BE PROVIDED FREE OF CHARGE TO COMMUNITY RESIDENTS. NOT ONLY DOES THE PUBLICATION KEEP RESIDENTS INFORMED ABOUT SPECIFIC COMMUNITY MEETINGS, PROGRAMS AND ACTIVITIES, BUT WE BELIEVE IT HAS HELPED BUILD AND MAINTAIN A STRONG SENSE OF COMMUNITY AMONG WESTCHASE RESIDENTS. IT IS HELPFUL TO REMEMBER THAT WESTCHASE IS A RELATIVELY NEW (25 YEARS OLD)
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WORLD OF WESTCHASE, INC. (WOW) PUBLISHES A NEWS MAGAZINE WHICH IS AN IMPORTANT COMMUNITY ASSET. WOW AND ITS MAGAZINE SERVE THE RESIDENTS BY PROVIDING WESTCHASE NEWS AND INFORMATION BY PUBLISHING MONTHLY AND DELIVERING TO EACH RESIDENT AT NO COST. THE FACEBOOK PAGE SERVES AS A COMMUNITY FORUM FOR RESIDENT INPUT, OPINIONS AND FEEDBACK, AND THE NEWS MAGAZINE PROVIDES LEGAL NOTICES TO THE RESIDENTS. WOW RETURNS ANY REVENUES AFTER EXPENSES AND RESERVES TO SUPPORT WORTHWHILE COMMUNITY PROJECTS. WOW WILL CONTINUE TO SEEK WAYS TO SERVE THE COMMUNITY AND ITS ADVERTISERS IN FAIR, FRIENDLY AND OPEN WAYS IN THE MOST EFFECTIVE MANNER POSSIBLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Seligsohn Treasurer | OfficerTrustee | 2 | $0 |
Mary Griffin President | OfficerTrustee | 1 | $0 |
Jon Stein Vice President | OfficerTrustee | 1 | $0 |
Tony Finocchiaro Secretary | OfficerTrustee | 1 | $0 |
Sarah Crisafulli Member | Trustee | 1 | $0 |
David Vail Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
C & D Printing Company Printing | 12/30/21 | $113,279 |
Ink & Image Media Writing, Editing, And Publishing | 12/30/21 | $100,901 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,900 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,900 |
| Total Program Service Revenue | $0 |
| Investment income | $1,419 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$5,585 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $494,991 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,495 |
| Grants and other assistance to domestic individuals. | $8,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $361 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $413,793 |
| Advertising and promotion | $649 |
| Office expenses | $16,815 |
| Information technology | $4,964 |
| 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 | $2,745 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,541 |
| Insurance | $1,783 |
| All other expenses | $579 |
| Total functional expenses | $506,006 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,344 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,563 |
| 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 | $7,800 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,927 |
| Other assets | $0 |
| Total assets | $153,634 |
| Accounts payable and accrued expenses | $30,954 |
| 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 | $4,893 |
| Total liabilities | $35,847 |
| Net assets without donor restrictions | $117,787 |
| 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 | $153,634 |
Grants Awarded
Over the last fiscal year, World Of Westchase Inc has awarded $18,990 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CITRUS PARK ELEMENTARY PURPOSE: EDUCATION | $5,500 |
CITRUS PARK ELEMENTARY PURPOSE: EDUCATION | $5,500 |
Tampa, FL PURPOSE: COMMUNITY SUPPORT, SANTA PARADE 2020 | $2,500 |
Tampa, FL PURPOSE: COMMUNITY SUPPORT, SANTA PARADE 2020 | $2,500 |
WESTCHASE ELEMENTARY PURPOSE: FOOD DONATIONS FOR NEEDY FAMILIES | $1,495 |
WESTCHASE ELEMENTARY PURPOSE: FOOD DONATIONS FOR NEEDY FAMILIES | $1,495 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Times Publishing Company Employee Benefit Trust Orlando, FL | $10,150 | $3,080,281 |
Walls Newspapers Consultants Employees Medical Plan Trust Birmingham, AL | $262,087 | $1,254,361 |
Embrace Africa Bonaire, GA | -$42,571 | $990,943 |
American Board Of Quality Assurance Utilization Review Physicians Inc New Port Richey, FL | $4,461,910 | $1,515,886 |
Humanitarians Of Florida Inc Inverness, FL | $1,124,050 | $1,076,165 |
Southern Newspaper Publishers Association Lawrenceville, GA | $0 | $333,271 |
The Red & Black Publishing Company Inc Athens, GA | $4,644,249 | $519,504 |
Apologetics Press Incorporated Montgomery, AL | $1,709,297 | $1,250,838 |
Vox Teen Communications Inc Atlanta, GA | $347,910 | $636,410 |
Sydneys Pampered Peach Daycare Inc Atlanta, GA | $344,284 | $690,059 |
World Of Westchase Inc Tampa, FL | $153,634 | $494,991 |
Beehive Foundation Inc Savannah, GA | $7,334,325 | $680,925 |