Civic Intelligence

World Exchange Ltd

990 • Fiscal year 2014 • EIN 14-1670279

Jan 01, 2014 to Dec 31, 2014 • Filed on May 11, 2015

Organization ProfileWORLDEXCHANGE.ORG
7 White Birch RoadPutnam Valley, NY 10579

(845) 526-2505

Siviq Scores

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

Liabilities / Assets

98th percentile

5.99x

Higher debt load relative to assets than 98% of similar nonprofits.

2014 filings • NTEE Q • <$500k nonprofits • Source year 2014

Liabilities / Revenue

98th percentile

0.95x

Higher debt load relative to revenue than 98% of similar nonprofits.

2014 filings • NTEE Q • <$500k nonprofits • Source year 2014

Net Margin

68th percentile

16%

Higher net margin than 68% of similar nonprofits.

2014 filings • NTEE Q • <$500k nonprofits • Source year 2014

Top Officer Pay

85th percentile

$12,500

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

2014 filings • NTEE Q • <$500k nonprofits • Source year 2014

Asset Growth

95th percentile

550%

Faster asset growth than 95% of similar nonprofits.

2014 filings • NTEE Q • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

73rd percentile

47%

Faster revenue growth than 73% of similar nonprofits.

2014 filings • NTEE Q • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$34,382

Up $29,090 (+550%) from 2013

Net Assets

Up

-$171,510

Up $34,454 (+17%) from 2013

Liabilities

Down

$205,892

Down $5,364 (-2.5%) from 2013

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin68th percentile

Revenue

Up

$216,886

Up $69,062 (+47%) from 2013

Expenses

Down

$182,432

Down $9,311 (-4.9%) from 2013

Net Income

Up

$34,454

Up $78,373 (+178%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$400K$200K$0-$200K-$400KAssets 2010: $37,374Liabilities 2010: $202,057Net Assets 2010: -$164,6832010Assets 2011: $34,817Liabilities 2011: $203,462Net Assets 2011: -$168,6452011Assets 2012: $38,696Liabilities 2012: $200,741Net Assets 2012: -$162,0452012Assets 2013: $5,292Liabilities 2013: $211,256Net Assets 2013: -$205,9642013Assets 2014: $34,382Liabilities 2014: $205,892Net Assets 2014: -$171,5102014Assets 2015: $23,415Liabilities 2015: $199,093Net Assets 2015: -$175,6782015Assets 2016: $42Liabilities 2016: $199,988Net Assets 2016: -$199,9462016Assets 2017: $19,374Liabilities 2017: $194,005Net Assets 2017: -$174,6312017Assets 2018: $42Liabilities 2018: $169,981Net Assets 2018: -$169,9392018Assets 2019: $6,985Liabilities 2019: $177,517Net Assets 2019: -$170,5322019Assets 2020: $1,691Liabilities 2020: $172,222Net Assets 2020: -$170,5312020Assets 2021: $3,027Liabilities 2021: $172,222Net Assets 2021: -$169,1952021Assets 2022: $5,723Liabilities 2022: $172,222Net Assets 2022: -$166,4992022Assets 2023: $2,717Liabilities 2023: $161,794Net Assets 2023: -$159,0772023Assets 2024: $2,908Liabilities 2024: $155,073Net Assets 2024: -$152,1652024

Highlighted filing

2014

Assets$34,382
Liabilities$205,892
Net Assets-$171,510
Open 2014 Filing

Operations Trend

Revenue Growth73rd percentile

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

$300K$200K$100K$0-$100KRevenue 2010: $202,187Expenses 2010: $226,879Net Income 2010: -$24,6922010Revenue 2011: $183,265Expenses 2011: $187,227Net Income 2011: -$3,9622011Revenue 2012: $195,876Expenses 2012: $189,276Net Income 2012: $6,6002012Revenue 2013: $147,824Expenses 2013: $191,743Net Income 2013: -$43,9192013Revenue 2014: $216,886Expenses 2014: $182,432Net Income 2014: $34,4542014Revenue 2015: $159,420Expenses 2015: $163,588Net Income 2015: -$4,1682015Revenue 2016: $97,264Expenses 2016: $121,532Net Income 2016: -$24,2682016Revenue 2017: $123,882Expenses 2017: $98,567Net Income 2017: $25,3152017Revenue 2018: $97,266Expenses 2018: $92,574Net Income 2018: $4,6922018Revenue 2019: $73,596Expenses 2019: $74,189Net Income 2019: -$5932019Revenue 2020: $18,300Expenses 2020: $18,299Net Income 2020: $12020Revenue 2021: $18,000Expenses 2021: $16,664Net Income 2021: $1,3362021Revenue 2022: $37,855Expenses 2022: $35,159Net Income 2022: $2,6962022Revenue 2023: $36,605Expenses 2023: $29,183Net Income 2023: $7,4222023Revenue 2024: $44,643Expenses 2024: $37,731Net Income 2024: $6,9122024

Highlighted filing

2014

Revenue$216,886
Expenses$182,432
Net Income$34,454
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 11, 2015
Return Version
2014v5.0
Gross Receipts
$216,886
Mission and Program Overview

Mission

International student exchange

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,951$32,965▲ $30,014
Loans From Officers Directors$2,222$2,222→ $0
Land, Buildings, and Equipment, Net$2,299$1,375▼ $924
Savings and Temporary Cash Investments$42$42→ $0
Total Assets$5,292$34,382▲ $29,090
Liabilities
Other Liabilities$89,322$89,322→ $0
Accounts Payable and Accrued Expenses$76,662$76,048▼ $614
Deferred Revenue$43,050$38,300▼ $4,750
Total Liabilities$211,256$205,892▼ $5,364
Net Assets / Fund Balance
Unrestricted Net Assets$-205,964$-171,510▲ $34,454
Total Net Assets Fund Balance$-205,964$-171,510▲ $34,454
Total Liabilities and Net Assets / Fund Balance$5,292$34,382▲ $29,090

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,375$39,897$41,272
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Michael SklaarPresidentFT$12,500$12,500

Board Members and Trustees

NameTitle
Vera SklaarSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$11,000
Program Service Revenue
$205,886
Investment Income
$0
Other Revenue
$0
All Other Contributions
$11,000
Change in Net Assets
$34,454
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$129,412
Salaries, Compensation, and Employee Benefits$53,020
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Employee Benefits$26,054$6,513-$32,567
Occupancy$14,960$3,740-$18,700
Travel$8,129$6,884-$15,013
Current Officers, Directors, Trustees, and Key Employees$10,000$2,500-$12,500
Other Salaries and Wages$5,200$1,300-$6,500
Other Expenses$2,828$707-$3,535
Payroll Taxes$956$497-$1,453
Office Expenses$1,046$261-$1,307
Depreciation Depletion$925--$925
Fees for Services Accounting$480$120-$600
All Other Expenses$437$109-$546
Total Functional Expenses$158,457$23,975$0$182,432
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Michael Vera SklaarOfficers of OrgRent ExpenseNo-

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$2,222$2,222→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Salaries$84,952
Payroll Taxes Payable$4,370
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 8A

“Due to the lack of fundraising that world exchange doesm, and the size of the board, complete documentation of meetings is on a limited basis.”

Form 990, Page 6, Part VI, Line 8B

“There are no additional committees.”

Form 990, Page 6, Part VI, Line 11B

“The form 990 is reviewed by the president before filing.”

Form 990, Page 6, Part VI, Line 19

“The governing documents are made available to the public upon request from the organization. Past and current forms 990 are also available for review on-line at the nys charities website and guidestar.”

Filing and Contact Details

Filer

Filer Name
World Exchange Ltd
EIN
14-1670279
Phone
8455262505
Address
7 WHITE BIRCH ROAD, PUTNAM VALLEY, NY 10579

Signing Officer

Name
Michael Sklaar
Title
President
Phone
8455262505
Signed
2015-05-11
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
2
Independent Board Members
0
Employees
2

Preparer

Firm
Patrick F Mcintyre CPA Pc
Address
3 STARR RIDGE RD STE 102, BREWSTER, NY 10509-4503
Preparer
Patrick F Mcintyre
Phone
8452782836
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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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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0RENT EXPENSE IS PAID TO THE OFFICERS FOR USE OF A PORTION OF THEIR RESIDENCE AS OFFICE SPACE FOR THE ORGANIZATION.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DUE TO THE LACK OF FUNDRAISING THAT WORLD EXCHANGE DOESM, AND THE SIZE OF THE BOARD, COMPLETE DOCUMENTATION OF MEETINGS IS ON A LIMITED BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO ADDITIONAL COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED BY THE PRESIDENT BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST FROM THE ORGANIZATION. PAST AND CURRENT FORMS 990 ARE ALSO AVAILABLE FOR REVIEW ON-LINE AT THE NYS CHARITIES WEBSITE AND GUIDESTAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 8A
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05292
IRS990/TotalAssetsEOYAmt034382
IRS990/TotalAssetsGrp/BOYAmt05292
IRS990/TotalAssetsGrp/EOYAmt034382
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt011000
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt023975
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0158457
IRS990/TotalFunctionalExpensesGrp/TotalAmt0182432
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0211256
IRS990/TotalLiabilitiesEOYAmt0205892
IRS990/TotalLiabilitiesGrp/BOYAmt0211256
IRS990/TotalLiabilitiesGrp/EOYAmt0205892
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-205964
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-171510
IRS990/TotalProgramServiceExpensesAmt0158457
IRS990/TotalProgramServiceRevenueAmt0205886
IRS990/TotalReportableCompFromOrgAmt012500
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0205886
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0216886
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05292
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt034382
IRS990/TravelGrp/ManagementAndGeneralAmt06884
IRS990/TravelGrp/ProgramServicesAmt08129
IRS990/TravelGrp/TotalAmt015013
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-205964
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-171510
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WORLDEXCHANGE.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL SKLAAR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08455262505
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WORLD EXCHANGE LTD
ReturnHeader/Filer/BusinessNameControlTxt0WORL
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ReturnHeader/Filer/PhoneNum08455262505
ReturnHeader/Filer/USAddress/AddressLine1Txt07 WHITE BIRCH ROAD
ReturnHeader/Filer/USAddress/CityNm0PUTNAM VALLEY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010579
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PATRICK F MCINTYRE CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03 STARR RIDGE RD STE 102
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BREWSTER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0105094503
ReturnHeader/PreparerPersonGrp/PhoneNum08452782836
ReturnHeader/PreparerPersonGrp/PreparationDt02015-06-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PATRICK F MCINTYRE
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-06-27T12:15:12-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$34,382
Liabilities
$205,892
Net assets
-$171,510
Revenue
$216,886
Expenses
$182,432
Net income
$34,454
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.03$1.55$1.52$0.45$0.38$0.07
2023Detailed filing. Detailed filing data is available for this year.$0.03$1.62$1.59$0.37$0.29$0.07
2022Detailed filing. Detailed filing data is available for this year.$0.06$1.72$1.66$0.38$0.35$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.03$1.72$1.69$0.18$0.17$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.02$1.72$1.71$0.18$0.18$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.07$1.78$1.71$0.74$0.74$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.00$1.70$1.70$0.97$0.93$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.19$1.94$1.75$1.24$0.99$0.25
2016Detailed filing. Detailed filing data is available for this year.$0.00$2.00$2.00$0.97$1.22$0.24
2015Detailed filing. Detailed filing data is available for this year.$0.23$1.99$1.76$1.59$1.64$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.34$2.06$1.72$2.17$1.82$0.34
2013Detailed filing. Detailed filing data is available for this year.$0.05$2.11$2.06$1.48$1.92$0.44
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$2.01$1.62$1.96$1.89$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$2.03$1.69$1.83$1.87$0.04
2010Summary only. Only limited summary data is available for this year.$0.37$2.02$1.65$2.02$2.27$0.25