World Childrens Fund
- Assets
- $257.1k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 03/1994
- Data as of
- 03/2023
- EIN
- 77-0210616
Organization Overview
World Childrens Fund is located in San Jose, CA. The organization was established in 1994. According to its NTEE Classification (O40) the organization is classified as: Scouting, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Childrens 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 03/2023, World Childrens Fund generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.6%) each year. All expenses for the organization totaled $1.4m during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (20.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, World Childrens Fund has awarded 201 individual grants totaling $53,656,059. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL AID: THE ORGANIZATION SHIPS MEDICINES TO HOSPITALS AND CLINICS IN ORDER TO RELIEVE AND ALLEVIATE CHILDREN'S SUFFERING, MISERY, POVERTY, SICKNESS AND DISTRESS.
UNRESTRICTED FINANCIAL SUPPORT: THE ORGANIZATION SPONSORS AND SUPPORTS VARIOUS ORGANIZATIONS WITH SIMILAR MISSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Lam President | 40 | $182,040 | |
Stanley Chen Treasurer | 1 | $0 | |
Paul Chiar Secretary | 1 | $0 | |
Ruth Kendrick Employee | 34 | $126,641 | |
Doug Kendrick Acctg Manager | 40 | $105,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Seltzer Caplan Mcmahon Vitek | 3/30/20 | $54,016 |
Dwm Consultants | 3/30/20 | $540,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,370,101 |
| Interest on Savings | $8 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,339 |
| Total Revenue | $1,371,448 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $189,054 |
| Other employee salaries and wages | $320,473 |
| Pension plans, employee benefits | $0 |
| Interest | $32,701 |
| Taxes | $0 |
| Depreciation | $41,211 |
| Occupancy | $35,735 |
| Travel, conferences, and meetings | $176,253 |
| Printing and publications | $0 |
| Other expenses | $180,111 |
| Total operating and administrative expenses | $1,133,982 |
| Contributions, gifts, grants paid | $245,184 |
| Total expenses and disbursements | $1,379,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,606 |
| 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 | $29,864 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,643 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $167,276 |
| Other assets | $32,710 |
| Total assets | $257,099 |
| Accounts payable and accrued expenses | $166,914 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $340,000 |
| Other liabilities | $24,287 |
| Total liabilities | $531,201 |
Grants Awarded
Over the last fiscal year, World Childrens Fund has awarded $245,184 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
WORLD CHILDREN'S FUND - AT PURPOSE: UNRESTRICTED FINANCIAL SUPPORT | $34,661 |
WORLD CHILDRENS FUND - UK PURPOSE: UNRESTRICTED FINANCIAL SUPPORT | $118,800 |
NADACHE SVETOVEHO FONDU DETI PURPOSE: UNRESTRICTED FINANCIAL SUPPORT | $124 |
WORLD VISION PURPOSE: UNRESTRICTED FINANCIAL SUPPORT | $840 |
MISSO MDICA INTERNACIONAL PURPOSE: UNRESTRICTED FINANCIAL SUPPORT | $29,410 |
DOCTORS FOR HOPE PURPOSE: UNRESTRICTED FINANCIAL SUPPORT | $6,565 |