Civic Intelligence

Worldteach Inc.

990 • Fiscal year 2021 • EIN 04-3136110

Jul 01, 2020 to Jun 30, 2021 • Filed on May 05, 2022

Organization ProfileWWW.WORLDTEACH.ORG
2 Garden StreetCambridge, MA 02138

(857) 756-5905

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

19th percentile

0.00x

Higher debt load relative to assets than 19% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

30th percentile

0.02x

Higher debt load relative to revenue than 30% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

4th percentile

-66%

Higher net margin than 4% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

41st percentile

5.4%

Faster asset growth than 41% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

7th percentile

-40%

Faster revenue growth than 7% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$1,730,486

Up $89,351 (+5.4%) from 2020

Net Assets

Up

$1,729,486

Up $89,576 (+5.5%) from 2020

Liabilities

Down

$1,000

Down $225 (-18%) from 2020

Revenue And Expenses
Liabilities / Revenue30th percentileNet Margin4th percentile

Revenue

Down

$54,895

Down $36,875 (-40%) from 2020

Expenses

Down

$90,928

Down $205,924 (-69%) from 2020

Net Income

Up

-$36,033

Up $169,049 (+82%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $2,714,032Liabilities 2011: $959,099Net Assets 2011: $1,754,9332011Assets 2012: $2,934,612Liabilities 2012: $921,675Net Assets 2012: $2,012,9372012Assets 2013: $3,025,466Liabilities 2013: $693,629Net Assets 2013: $2,331,8372013Assets 2014: $3,242,224Liabilities 2014: $578,541Net Assets 2014: $2,663,6832014Assets 2015: $2,981,521Liabilities 2015: $518,000Net Assets 2015: $2,463,5212015Assets 2016: $2,802,265Liabilities 2016: $469,235Net Assets 2016: $2,333,0302016Assets 2017: $2,585,404Liabilities 2017: $590,764Net Assets 2017: $1,994,6402017Assets 2018: $2,170,210Liabilities 2018: $256,549Net Assets 2018: $1,913,6612018Assets 2019: $1,948,828Liabilities 2019: $142,224Net Assets 2019: $1,806,6042019Assets 2020: $1,641,135Liabilities 2020: $1,225Net Assets 2020: $1,639,9102020Assets 2021: $1,730,486Liabilities 2021: $1,000Net Assets 2021: $1,729,4862021Assets 2022: $1,492,726Liabilities 2022: $1,000Net Assets 2022: $1,491,7262022Assets 2023: $1,493,561Liabilities 2023: $0Net Assets 2023: $1,493,5612023Assets 2024: $1,471,212Liabilities 2024: $2,000Net Assets 2024: $1,469,2122024

Highlighted filing

2021

Assets$1,730,486
Liabilities$1,000
Net Assets$1,729,486
Open 2021 Filing

Operations Trend

Revenue Growth7th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $2,988,5042011Expenses 2012: $3,022,2502012Revenue 2013: $3,133,322Expenses 2013: $2,949,800Net Income 2013: $183,5222013Revenue 2014: $2,606,200Expenses 2014: $2,492,483Net Income 2014: $113,7172014Revenue 2015: $2,410,647Expenses 2015: $2,665,224Net Income 2015: -$254,5772015Revenue 2016: $2,337,574Expenses 2016: $2,514,612Net Income 2016: -$177,0382016Revenue 2017: $1,928,691Expenses 2017: $2,389,628Net Income 2017: -$460,9372017Revenue 2018: $1,432,635Expenses 2018: $1,601,725Net Income 2018: -$169,0902018Revenue 2019: $913,612Expenses 2019: $1,051,238Net Income 2019: -$137,6262019Revenue 2020: $91,770Expenses 2020: $296,852Net Income 2020: -$205,0822020Revenue 2021: $54,895Expenses 2021: $90,928Net Income 2021: -$36,0332021Revenue 2022: $55,548Expenses 2022: $91,573Net Income 2022: -$36,0252022Revenue 2023: $85,440Expenses 2023: $90,209Net Income 2023: -$4,7692023Revenue 2024: $68,454Expenses 2024: $111,292Net Income 2024: -$42,8382024

Highlighted filing

2021

Revenue$54,895
Expenses$90,928
Net Income-$36,033
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 5, 2022
Return Version
2020v4.2
Gross Receipts
$54,895
Mission and Program Overview

Mission

Worldteach is a non-profit, non-governmental organization that partners with governments and other organizations in developing countries to provide volunteer teachers to meet local needs and promote responsible global citizenship.

Worldteach, inc is dedicated to international development, education, and cultural exchange.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,373,569$1,551,704▲ $178,135
Savings and Temporary Cash Investments$265,713$176,887▼ $88,826
Prepaid Expenses and Deferred Charges$1,783$1,831▲ $48
Cash and Non-Interest-Bearing Accounts$70$64▼ $6
Total Assets$1,641,135$1,730,486▲ $89,351
Liabilities
Accounts Payable and Accrued Expenses$1,225$1,000▼ $225
Total Liabilities$1,225$1,000▼ $225
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,572,118$1,644,892▲ $72,774
Net Assets With Donor Restrictions$67,792$84,594▲ $16,802
Total Net Assets Fund Balance$1,639,910$1,729,486▲ $89,576
Total Liabilities and Net Assets / Fund Balance$1,641,135$1,730,486▲ $89,351
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Michael KremerPresident
Charito KruvantDirector
Charles MaccormackDirector
Dan LevyDirector
Shelley LondonDirector
Susan GianinnoDirector
Earl PhalenDirector (until 07/06/20)
Fernando ReimersDirector (until 08/02/20)
Scott LelandSecretary (until 06/04/21)
Akhil GuptaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,370
Program Service Revenue
$0
Investment Income
$52,525
Other Revenue
$0
All Other Contributions
$2,370
Change in Net Assets
$-36,033
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$76,196
Other Expenses$14,732
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$63,900-$63,900
Other Employee Benefits-$7,398-$7,398
Payroll Taxes-$4,898-$4,898
Office Expenses-$4,322-$4,322
Occupancy-$4,200-$4,200
Insurance-$3,560-$3,560
Fees for Services Accounting-$2,650-$2,650
Total Functional Expenses$0$90,928$0$90,928
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Worldteach provides a draft copy of the form 990 to the finance, audit and investment committee for review and discussion. The committee has delegated responsibility from the board to review and approve the form 990. Once complete, the board is provided a copy of the form 990 prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The board's executive committee monitors all transactions to verify that no conflicts of interest are occurring.”

Form 990, Part VI, Section B, Line 15

“The salaries of key employees are determined by the board's executive committee after reviewing comparable data, and are reviewed and compared annually at one of its meetings.”

Form 990, Part VI, Section C, Line 19

“The governing documents and conflict of interest policy are available on worldteach's website. The form 990 is available on worldteach's website as well as accessible via guidestar.”

Filing and Contact Details

Filer

Filer Name
Worldteach Inc
EIN
04-3136110
Phone
8577565905
Address
2 GARDEN STREET, CAMBRIDGE, MA 02138

Signing Officer

Name
Michael Kremer
Title
President
Phone
8577565905
Signed
2022-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Kremer
Formed
1992
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
7
Employees
1
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
10 FORBES ROAD STE 200, BRAINTREE, MA 02184
Preparer
Jolanta Tuck CPA
Phone
7813803520
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

“As of december of 2019, worldteach, inc. Ceased all progammatic activities.”

Raw XML Appendix365 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY (UNTIL 06/04/21)
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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME - 2016 AMOUNT: $ 15,628. 2017 AMOUNT: $ 38,209. 2018 AMOUNT: $ 6,746. 2019 AMOUNT: $ 2,000. 2020 AMOUNT: $ 0.
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt015628
IRS990ScheduleA/OtherIncome170Grp/TotalAmt062583
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.91470
IRS990ScheduleA/PublicSupportPY170Pct00.94580
IRS990ScheduleA/PublicSupportTotal170Amt03256900
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02370
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt011882
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0626632
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01066590
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01549426
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03256900
IRS990ScheduleA/TotalSupportAmt03560731
IRS990/ScheduleBRequiredInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AS OF DECEMBER OF 2019, WORLDTEACH, INC. CEASED ALL PROGAMMATIC ACTIVITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WORLDTEACH PROVIDES A DRAFT COPY OF THE FORM 990 TO THE FINANCE, AUDIT AND INVESTMENT COMMITTEE FOR REVIEW AND DISCUSSION. THE COMMITTEE HAS DELEGATED RESPONSIBILITY FROM THE BOARD TO REVIEW AND APPROVE THE FORM 990. ONCE COMPLETE, THE BOARD IS PROVIDED A COPY OF THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD'S EXECUTIVE COMMITTEE MONITORS ALL TRANSACTIONS TO VERIFY THAT NO CONFLICTS OF INTEREST ARE OCCURRING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SALARIES OF KEY EMPLOYEES ARE DETERMINED BY THE BOARD'S EXECUTIVE COMMITTEE AFTER REVIEWING COMPARABLE DATA, AND ARE REVIEWED AND COMPARED ANNUALLY AT ONE OF ITS MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE ON WORLDTEACH'S WEBSITE. THE FORM 990 IS AVAILABLE ON WORLDTEACH'S WEBSITE AS WELL AS ACCESSIBLE VIA GUIDESTAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01641135
IRS990/TotalAssetsEOYAmt01730486
IRS990/TotalAssetsGrp/BOYAmt01641135
IRS990/TotalAssetsGrp/EOYAmt01730486
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02370
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt090928
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt090928
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01225
IRS990/TotalLiabilitiesEOYAmt01000
IRS990/TotalLiabilitiesGrp/BOYAmt01225
IRS990/TotalLiabilitiesGrp/EOYAmt01000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01639910
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01729486
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt052525
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt054895
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01641135
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01730486
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0CAMBRIDGE
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002138
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.WORLDTEACH.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL KREMER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08577565905
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WORLDTEACH INC
ReturnHeader/Filer/BusinessNameControlTxt0WORL
ReturnHeader/Filer/EIN0043136110
ReturnHeader/Filer/PhoneNum08577565905
ReturnHeader/Filer/USAddress/AddressLine1Txt02 GARDEN STREET
ReturnHeader/Filer/USAddress/CityNm0CAMBRIDGE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002138
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0221478099
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COHNREZNICK LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010 FORBES ROAD STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BRAINTREE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002184
ReturnHeader/PreparerPersonGrp/PhoneNum07813803520
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOLANTA TUCK CPA
ReturnHeader/ReturnTs02022-05-13T15:11:38-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICHAEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KREMER
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,730,486
Liabilities
$1,000
Net assets
$1,729,486
Revenue
$54,895
Expenses
$90,928
Net income
-$36,033
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.47$0.00$1.47$0.07$0.11$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.49$0.00$1.49$0.09$0.09$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$0.00$1.49$0.06$0.09$0.04
2021Detailed filing. Detailed filing data is available for this year.$1.73$0.00$1.73$0.05$0.09$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.64$0.00$1.64$0.09$0.30$0.21
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.95$0.14$1.81$0.91$1.05$0.14
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.17$0.26$1.91$1.43$1.60$0.17
2017Detailed filing. Detailed filing data is available for this year.$2.59$0.59$1.99$1.93$2.39$0.46
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.80$0.47$2.33$2.34$2.51$0.18
2015Detailed filing. Detailed filing data is available for this year.$2.98$0.52$2.46$2.41$2.67$0.25
2014Detailed filing. Detailed filing data is available for this year.$3.24$0.58$2.66$2.61$2.49$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.03$0.69$2.33$3.13$2.95$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.93$0.92$2.01$3.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.71$0.96$1.75$2.99