Civic Intelligence

The World Fund Inc

990 • Fiscal year 2017 • EIN 13-3185588

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 09, 2018

Organization Profilewww.abetterworldfund.org
119 West 72nd StreetNew York, NY 10023

(212) 501-1900

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.04x

Higher debt load relative to assets than 52% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

88th percentile

0.79x

Higher debt load relative to revenue than 88% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

63rd percentile

9.2%

Higher net margin than 63% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

48th percentile

2.4%

Faster asset growth than 48% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

21st percentile

-12%

Faster revenue growth than 21% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Up

$662,557

Up $15,466 (+2.4%) from 2016

Net Assets

Up

$633,557

Up $15,466 (+2.5%) from 2016

Liabilities

Flat

$29,000

Flat from 2016

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin63rd percentile

Revenue

Down

$36,745

Down $5,002 (-12%) from 2016

Expenses

Down

$33,372

Down $37 (-0.1%) from 2016

Net Income

Down

$3,373

Down $4,965 (-60%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth48th percentile

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

$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

2017

Assets$662,557
Liabilities$29,000
Net Assets$633,557
Open 2017 Filing

Operations Trend

Revenue Growth21st percentile

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$36,745
Expenses$33,372
Net Income$3,373
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 9, 2018
Return Version
2017v2.2
Gross Receipts
$36,745
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
Investments in Publicly Traded Securities$530,324$611,567▲ $81,243
Savings and Temporary Cash Investments$114,098$48,508▼ $65,590
Cash and Non-Interest-Bearing Accounts$2,669$2,482▼ $187
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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$647,091$662,557▲ $15,466
Other Assets Total-$0-
Liabilities
Grants Payable$29,000$29,000→ $0
Total Liabilities$29,000$29,000→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$618,091$633,557▲ $15,466
Total Net Assets Fund Balance$618,091$633,557▲ $15,466
Total Liabilities and Net Assets / Fund Balance$647,091$662,557▲ $15,466

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$614,796$7,466▲ $13,418-$631,309
2016$621,489$10,285▲ $16,433-$614,796
2015$616,483$17,593▲ $24,447-$621,489
2014$602,534$9,796▲ $35,260-$616,483
2013$592,539$16,019▲ $25,084-$602,534
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Ronald JacobsPresident
Allegra ParksVice President
Alpa RajaiVice President
Aniello ForcellatiVice President
Robert T PerryVice President
Nancy MercadoSecretary
Ann M Randolph CPATreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$7,466
Program Service Revenue
$0
Investment Income
$29,279
Other Revenue
$0
All Other Contributions
$4,456
Change in Net Assets
$3,373
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$29,000
Other Expenses$4,372
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$29,000--$29,000
Fees for Services Accounting-$2,100-$2,100
Other Expenses-$138-$138
Total Functional Expenses$29,000$4,372$0$33,372
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
See attached scheduleNew York, NY--$29,000
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 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, Line 11B: Form 990 Review Process

“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, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

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

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“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
2125011900
Address
119 WEST 72ND STREET, NEW YORK, NY 10023

Signing Officer

Name
Ronald Jacobs
Title
President
Signed
2018-11-09
Discuss with paid preparer
Yes

Organization Details

Formed
1987
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Dinowitz & Bove CPAs
Address
150 Broadway Ste 1010, New York, NY 10038
Preparer
Frank Bove
Phone
2129730935
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

“The endowment fund provides annual interest income that is used for grants to 501(c)(3) charities working internationally and in the United States in the areas of Peace, Hunger, Health, Human Rights, Ecology, Education and Economic Development.”

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt09796
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt016019
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt061679
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt029279
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt030942
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt034259
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt034450
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt034436
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0163366
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.27410
IRS990ScheduleA/PublicSupportPY170Pct00.30380
IRS990ScheduleA/PublicSupportTotal170Amt061679
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt07466
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt010805
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt017593
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt09796
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt016019
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt061679
IRS990ScheduleA/TotalSupportAmt0225045
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt04371
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0614796
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt07466
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0631309
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt013418
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt04409
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0621489
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt010285
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0614796
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt029000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt016433
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt03034
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0616483
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt017593
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0621489
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt034000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt024447
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt03107
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0602534
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt09796
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0616483
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt028000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt035260
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt04108
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0592539
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt016019
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0602534
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt027000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt025084
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The endowment fund provides annual interest income that is used for grants to 501(c)(3) charities working internationally and in the United States in the areas of Peace, Hunger, Health, Human Rights, Ecology, Education and Economic Development.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4: Intended uses of the endowment fund.
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt029000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0See attached schedule
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0119 West 72nd St
IRS990ScheduleI/RecipientTable/USAddress/CityNm0New York
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd010023
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0A Better World Fund uses a list of criteria to determine grantee eligibility (see attached Grant Criteria list). In addition, grantees are provided with a list of criteria that they are expected to meet and report on (see attached sample letter to grantee).
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd0false
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, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0647091
IRS990/TotalAssetsEOYAmt0662557
IRS990/TotalAssetsGrp/BOYAmt0647091
IRS990/TotalAssetsGrp/EOYAmt0662557
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt07466
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04372
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt029000
IRS990/TotalFunctionalExpensesGrp/TotalAmt033372
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt029000
IRS990/TotalLiabilitiesEOYAmt029000
IRS990/TotalLiabilitiesGrp/BOYAmt029000
IRS990/TotalLiabilitiesGrp/EOYAmt029000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0618091
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0633557
IRS990/TotalProgramServiceExpensesAmt029000
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt029279
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt036745
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0647091
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0662557
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0618091
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0633557

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$662,557
Liabilities
$29,000
Net assets
$633,557
Revenue
$36,745
Expenses
$33,372
Net income
$3,373
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