W3 Philanthropic Ventures Inc
- Assets
- $18.1k
- Revenue
- $14.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Bowie, MD
- Founding
- 10/2016
- Data as of
- 12/2022
- EIN
- 81-3035978
Organization Overview
W3 Philanthropic Ventures Inc is located in Bowie, MD. The organization was established in 2016. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. W3 Philanthropic Ventures 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, W3 Philanthropic Ventures Inc generated $14.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $21.4k during the year ending 12/2022. 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
TO PROMOTE AND SUPPORT HOLISTIC DEVELOPMENT OF PEOPLE AND COMMUNITIES THAT MAY BE CHALLENGED
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOVING HAITI FORWARD IS THE INAUGURAL GLOBAL AND SOCIAL CAUSE INITIATIVE UNDERTAKEN BY W3PV, INC. THIS VENTURE WAS INITIATED IN RESPONSE TO THE MASSIVE DEVASTATION THAT THE HAITIAN PEOPLE EXPERIENCE FROM THE EARTHQUAKE IN 2010 AND HURRICANE MATTHEW IN 2016. THE AIM IS TO ASSIST WITH MATERIALS AND SUPPLIES TO OVERCOME IMPEDIMENTS TO SELF-SUFFICIENCY. THE LONG-TERM GOAL OF THIS EFFORT IS TO BUILD A SHELTER AND FACILITY THAT CAN BE USED AS TEMPORARY ACCOMMODATIONS BEFORE AND AFTER THE OCCURRENCE OF NATURAL DISASTERS.
THE TURIANI PROJECT (TANZANIA LIBRARY)
TROY E. QUINN SCHOLARSHIP FUND IS THE INAUGURAL EDUCATIONAL INITIATIVE ESTABLISHED BY W3PV, INC. IN ITS EFFORTS TO SUPPORT CONTINUED ACCESS TO QUALITY EDUCATION AT OUR HISTORICALLY BLACK COLLEGES AND UNIVERSITIES (HBCUS). THIS SCHOLARSHIP PROGRAM HOUSED AT MORGAN STATE UNIVERSITY IN BALTIMORE, MARYLAND, DESIGNATED A NATIONAL TREASURE BY THE NATIONAL TRUST FOR HISTORIC PLACES, WILL ASSIST DESERVING STUDENTS TO CLAIM THEIR RIGHTFUL PLACE ON THE CONTINUUM OF HIGHER EDUCATION OBTAINMENT AND ECONOMIC IMPACT. THE FUND DIRECTLY ADDRESSES THE ISSUE OF PROVIDING TEXTBOOKS AND OTHER CRITICAL NEEDS TO CURRENT AND FUTURE SCHOLARS.
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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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $14,682 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,682 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $18,550 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,815 |
| 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 | $21,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,066 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,066 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $18,066 |
| 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 | $18,066 |