World Arts Foundation Inc
- Assets
- $74.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- 08/1983
- Data as of
- 12/2022
- EIN
- 93-0830736
Organization Overview
World Arts Foundation Inc is located in Portland, OR. The organization was established in 1983. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Arts Foundation 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 Arts Foundation Inc generated $157.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $187.5k during the year ending 12/2022. While expenses have increased by 16.5% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ESTABLISHED LINKS BETWEEN ARTIST AND THE COMMUNITY THAT PROVIDED INCREASED OPPORTUNITIES FOR ENHANCED KNOWLEDGE AND AWARENESS. WAF HELD THEIR 36TH ANNUAL "KEEP ALIVE THE DREAM" TRIBUTE TO REV. DR. MARTIN LUTHER KING, JR. IN ADDITION, WE CONTINUED PARTNERSHIPS WITH "RACE TALKS" A MONTHLY DIALOG ON RACE RELATIONS JOINTLY SPONSORED BY MCMENAMIN'S RESTAURANTS, "PORTLAND AFRICAN AMERICAN HERITAGE PROJECT", AND "URBAN WINGS AEROSPACE AND LEADERSHIP CLUB", A YOUTH DEVELOPMENT INITIATIVE JOINTLY SPONSORED BY GENESIS FELLOWSHIP CHURCH, PORTLAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Berry Secretary /t | 6 | $0 | |
Michael Chappie Grice President | 24 | $0 | |
Donny Adair Board Member | 4 | $0 | |
Gwen Thompson Board Member | 3 | $0 | |
Sunshine Dixon Board Member | 3 | $0 | |
Shelia Searight Board Member | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $157,593 |
| 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 | $157,593 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $78,732 |
| Professional fees and other payments to independent contractors | $7,220 |
| Occupancy, rent, utilities, and maintenance | $9,146 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $92,359 |
| Total expenses | $187,457 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $57,071 |
| Other assets | $0 |
| Total assets | $74,211 |
| Total liabilities | $3,200 |
| Net assets or fund balances | $71,011 |