Civic Intelligence

The World Fund Inc

EIN 13-3185588 • 501(c)3 • New York, NY

Profile

A Better World Fund gives grants annually to deserving charities working internationally and in the United States in the areas of Peace, Hunger, Health, Human Rights, Ecology, Education, and Economic Development.

119 West 72nd StreetNew York, NY 10023

www.abetterworldfund.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2022

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

2nd percentile

-2748%

Higher net margin than 2% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

4th percentile

-100%

Faster revenue growth than 4% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $9,811 (-100%) from 2021

Liabilities

Flat

$0

Flat from 2021

Net Assets

Down

$0

Down $9,811 (-100%) from 2021

Operations
Liabilities / Revenue62nd percentileNet Margin2nd percentile

Revenue

Down

$357

Down $160,751 (-100%) from 2021

Expenses

Down

$10,168

Down $143,174 (-93%) from 2021

Net Income

Down

-$9,811

Down $17,577 (-226%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth10th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2010: $573,904Liabilities 2010: $23,500Net Assets 2010: $550,4042010Assets 2011: $597,097Liabilities 2011: $26,000Net Assets 2011: $571,0972011Assets 2012: $617,539Liabilities 2012: $25,000Net Assets 2012: $592,5392012Assets 2013: $631,328Liabilities 2013: $27,000Net Assets 2013: $604,3282013Assets 2014: $646,900Liabilities 2014: $28,000Net Assets 2014: $618,9002014Assets 2015: $652,906Liabilities 2015: $29,000Net Assets 2015: $623,9062015Assets 2016: $647,091Liabilities 2016: $29,000Net Assets 2016: $618,0912016Assets 2017: $662,557Liabilities 2017: $29,000Net Assets 2017: $633,5572017Assets 2018: $653,527Liabilities 2018: $29,000Net Assets 2018: $624,5272018Assets 2019: $688,930Liabilities 2019: $30,000Net Assets 2019: $658,9302019Assets 2020: $702,045Liabilities 2020: $700,000Net Assets 2020: $2,0452020Assets 2021: $9,811Liabilities 2021: $0Net Assets 2021: $9,8112021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2022

Assets$0
Liabilities$0
Net Assets$0
Open 2022 Filing

Operations Trend

Revenue Growth4th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500K-$1.0MRevenue 2010: $36,826Expenses 2010: $26,675Net Income 2010: $10,1512010Revenue 2011: $42,144Expenses 2011: $29,768Net Income 2011: $12,3762011Revenue 2012: $44,310Expenses 2012: $27,854Net Income 2012: $16,4562012Revenue 2013: $50,132Expenses 2013: $31,108Net Income 2013: $19,0242013Revenue 2014: $44,246Expenses 2014: $31,107Net Income 2014: $13,1392014Revenue 2015: $51,852Expenses 2015: $37,034Net Income 2015: $14,8182015Revenue 2016: $41,747Expenses 2016: $33,409Net Income 2016: $8,3382016Revenue 2017: $36,745Expenses 2017: $33,372Net Income 2017: $3,3732017Revenue 2018: $42,532Expenses 2018: $33,174Net Income 2018: $9,3582018Revenue 2019: $45,301Expenses 2019: $34,382Net Income 2019: $10,9192019Revenue 2020: $37,767Expenses 2020: $704,354Net Income 2020: -$666,5872020Revenue 2021: $161,108Expenses 2021: $153,342Net Income 2021: $7,7662021Revenue 2022: $357Expenses 2022: $10,168Net Income 2022: -$9,8112022

Highlighted filing

2022

Revenue$357
Expenses$10,168
Net Income-$9,811
Open 2022 Filing

Filings

Most recent year

2022 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$357
Expenses
$10,168
Net income
-$9,811
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.00$0.10$0.10
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.10$0.00$0.10$1.61$1.53$0.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.02$7.00$0.02$0.38$7.04$6.67
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.89$0.30$6.59$0.45$0.34$0.11
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.54$0.29$6.25$0.43$0.33$0.09
2017Detailed filing. Detailed filing data is available for this year.$6.63$0.29$6.34$0.37$0.33$0.03
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.47$0.29$6.18$0.42$0.33$0.08
2015Detailed filing. Detailed filing data is available for this year.$6.53$0.29$6.24$0.52$0.37$0.15
2014Summary only. Only limited summary data is available for this year.$6.47$0.28$6.19$0.44$0.31$0.13
2013Summary only. Only limited summary data is available for this year.$6.31$0.27$6.04$0.50$0.31$0.19
2012Summary only. Only limited summary data is available for this year.$6.18$0.25$5.93$0.44$0.28$0.16
2011Summary only. Only limited summary data is available for this year.$5.97$0.26$5.71$0.42$0.30$0.12
2010Summary only. Only limited summary data is available for this year.$5.74$0.24$5.50$0.37$0.27$0.10
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 11, 2023
Return Version
2022v5.0
Gross Receipts
$357
Mission and Program Overview

Mission

A Better World Fund gives grants annually to deserving charities working internationally and in the United States in the areas of Peace, Hunger, Health, Human Rights, Ecology, Education, and Economic Development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$9,811$0▼ $9,811
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$9,811$0▼ $9,811
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,811--
Total Net Assets Fund Balance$9,811$0▼ $9,811
Total Liabilities and Net Assets / Fund Balance$9,811$0▼ $9,811
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Ronald JacobsPresident
Allegra ParksBoard Member
Robert T PerryBoard Member
Shanin ColemanBoard Member
Alpa RajaiSecretary
Ann M Randolph CPATreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$357
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$357
Change in Net Assets
$-9,811
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,168
Grants and Similar Amounts Paid$5,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$5,000--$5,000
Fees for Services Accounting-$2,500-$2,500
Fees for Services Legal-$2,000-$2,000
Other Expenses-$75-$75
Total Functional Expenses$5,000$5,168$0$10,168
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
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

“All members of the Board of Directors reviewed the final draft of Form 990 and accompanying attachments prior to sending those materials to the IRS.”

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

“A Better World Fund has a written conflict of interest policy. Compliance is reviewed at Annual Meetings.”

Form 990, Part VI, Section C, Line 19

“A Better World Fund will email or mail its governing documents, conflict of interest policy, and financial statements upon request.”

Filing and Contact Details

Filer

Filer Name
The World Fund Inc
EIN
13-3185588
Phone
9173593131
Address
119 WEST 72ND STREET, NEW YORK, NY 10023

Signing Officer

Name
Ronald Jacobs
Title
President
Signed
2023-05-11
Discuss with paid preparer
Yes

Organization Details

Formed
1987
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Dinowitz & Bove CPAs
Address
50 US Highway 9 Ste 103, Morganville, NJ 07751
Preparer
Frank Bove
Phone
2129730935
Raw XML Appendix389 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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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt05903
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt09920
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt010114
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt027365
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0352
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt031864
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt035381
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt032418
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0100015
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.21480
IRS990ScheduleA/PublicSupportPY170Pct00.21050
IRS990ScheduleA/PublicSupportTotal170Amt027365
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0357
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01071
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt05903
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt09920
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt010114
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt027365
IRS990ScheduleA/TotalSupportAmt0127380
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleN/AssetsDistributedInd0true
IRS990ScheduleN/AttorneyGeneralNotifiedInd0false
IRS990ScheduleN/BondLiabilitiesDischargedInd0false
IRS990ScheduleN/BondsOutstandingInd0false
IRS990ScheduleN/DirectorOfSuccessorInd0false
IRS990ScheduleN/EmployeeOfSuccessorInd0false
IRS990ScheduleN/LiabilitiesPaidInd0true
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0Cash
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02023-03-29
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0133255679
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt05000
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0503c3
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0205 East 122nd Street 3rd Floor
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0New York
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0NY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd010035
IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0All members of the Board of Directors reviewed the final draft of Form 990 and accompanying attachments prior to sending those materials to the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A Better World Fund has a written conflict of interest policy. Compliance is reviewed at Annual Meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A Better World Fund will email or mail its governing documents, conflict of interest policy, and financial statements upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0true
IRS990/TotalAssetsBOYAmt09811
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt09811
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0357
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05168
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05000
IRS990/TotalFunctionalExpensesGrp/TotalAmt010168
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09811
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalProgramServiceExpensesAmt05000
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0357
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09811
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0119 WEST 72ND STREET
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010023
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0www.abetterworldfund.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Ronald Jacobs
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE WORLD FUND INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DBA A BETTER WORLD FUND
ReturnHeader/Filer/BusinessNameControlTxt0WORL
ReturnHeader/Filer/EIN0133185588
ReturnHeader/Filer/PhoneNum09173593131
ReturnHeader/Filer/USAddress/AddressLine1Txt0119 WEST 72ND STREET
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010023
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0020632187
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Dinowitz & Bove CPAs
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt050 US Highway 9 Ste 103
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Morganville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007751
ReturnHeader/PreparerPersonGrp/PhoneNum02129730935
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FRANK BOVE
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-05-11T08:48:37-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Ronald
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Jacobs
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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