Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
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.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
62nd percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
2nd percentile
Higher net margin than 2% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
10th percentile
Faster asset growth than 10% of similar nonprofits.
Revenue Growth
4th percentile
Faster revenue growth than 4% of similar nonprofits.
Balance Sheet
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
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
Filings
Most recent year
2022 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $0
- Liabilities
- $0
- Net assets
- $0
- Revenue
- $357
- Expenses
- $10,168
- Net income
- -$9,811
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
| Line | Beginning | End | Change |
|---|---|---|---|
| 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
Board Members and Trustees
| Name | Title |
|---|---|
| Ronald Jacobs | President |
| Allegra Parks | Board Member |
| Robert T Perry | Board Member |
| Shanin Coleman | Board Member |
| Alpa Rajai | Secretary |
| Ann M Randolph CPA | Treasurer |
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 Item | Amount |
|---|---|
| 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 Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| 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 Item | Amount |
|---|---|
| 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 Item | Beginning | End | Change |
|---|---|---|---|
| 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.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/ActivitiesC |