Civic Intelligence

World Exchange Ltd

990 • Fiscal year 2016 • EIN 14-1670279

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

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

100th percentile

4761.62x

Higher debt load relative to assets than 100% of similar nonprofits.

2016 filings • NTEE Q • <$500k nonprofits • Source year 2016

Liabilities / Revenue

98th percentile

2.06x

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

2016 filings • NTEE Q • <$500k nonprofits • Source year 2016

Net Margin

16th percentile

-25%

Higher net margin than 16% of similar nonprofits.

2016 filings • NTEE Q • <$500k nonprofits • Source year 2016

Top Officer Pay

82nd percentile

$5,000

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

2016 filings • NTEE Q • <$500k nonprofits • Source year 2016

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

2016 filings • NTEE Q • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

23rd percentile

-39%

Faster revenue growth than 23% of similar nonprofits.

2016 filings • NTEE Q • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets100th percentile

Assets

Down

$42

Down $23,373 (-100%) from 2015

Net Assets

Down

-$199,946

Down $24,268 (-14%) from 2015

Liabilities

Up

$199,988

Up $895 (+0.4%) from 2015

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin16th percentile

Revenue

Down

$97,264

Down $62,156 (-39%) from 2015

Expenses

Down

$121,532

Down $42,056 (-26%) from 2015

Net Income

Down

-$24,268

Down $20,100 (-482%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth1st 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

2016

Assets$42
Liabilities$199,988
Net Assets-$199,946
Open 2016 Filing

Operations Trend

Revenue Growth23rd 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

2016

Revenue$97,264
Expenses$121,532
Net Income-$24,268
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$97,264
Mission and Program Overview

Mission

International student exchange

To foster world peace by bringing together people of different nationalities for international student exchange.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$22,923--
Loans From Officers Directors$2,222$2,222→ $0
Land, Buildings, and Equipment, Net$450--
Savings and Temporary Cash Investments$42$42→ $0
Total Assets$23,415$42▼ $23,373
Liabilities
Other Liabilities$89,322$89,359▲ $37
Accounts Payable and Accrued Expenses$75,749$77,107▲ $1,358
Deferred Revenue$31,800$31,300▼ $500
Total Liabilities$199,093$199,988▲ $895
Net Assets / Fund Balance
Unrestricted Net Assets$-175,678$-199,946▼ $24,268
Total Net Assets Fund Balance$-175,678$-199,946▼ $24,268
Total Liabilities and Net Assets / Fund Balance$23,415$42▼ $23,373

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$41,272$41,272
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Michael SklaarPresidentPT$5,000$5,000

Board Members and Trustees

NameTitle
Vera SklaarSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$12,000
Program Service Revenue
$85,264
Investment Income
$0
Other Revenue
$0
All Other Contributions
$12,000
Change in Net Assets
$-24,268
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$104,191
Salaries, Compensation, and Employee Benefits$17,341
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$17,280$4,320-$21,600
Other Employee Benefits$9,566$2,392-$11,958
Travel$5,263$4,846-$10,109
Other Expenses$4,885$1,116-$6,001
Current Officers, Directors, Trustees, and Key Employees$4,000$1,000-$5,000
Fees for Services Accounting$900$225-$1,125
Office Expenses$702$176-$878
All Other Expenses$590$147-$737
Depreciation Depletion$450--$450
Payroll Taxes$306$77-$383
Total Functional Expenses$105,793$15,739$0$121,532
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$84,989
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 11B

“The form 990 is prepared by an outside, independent accountant, and 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 charities nys.com, the new york state 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
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Sklaar
Formed
1985
Legal Domicile
Ny
Voting Board Members
2
Independent Board Members
2
Employees
1

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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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt015739
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0105793
IRS990/TotalFunctionalExpensesGrp/TotalAmt0121532
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0199093
IRS990/TotalLiabilitiesEOYAmt0199988
IRS990/TotalLiabilitiesGrp/BOYAmt0199093
IRS990/TotalLiabilitiesGrp/EOYAmt0199988
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-175678
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-199946
IRS990/TotalProgramServiceExpensesAmt0105793
IRS990/TotalProgramServiceRevenueAmt085264
IRS990/TotalReportableCompFromOrgAmt05000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt085264
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt097264
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt023415
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt042
IRS990/TravelGrp/ManagementAndGeneralAmt04846
IRS990/TravelGrp/ProgramServicesAmt05263
IRS990/TravelGrp/TotalAmt010109
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-175678
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-199946
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07 WHITE BIRCH ROAD
IRS990/USAddress/CityNm0PUTNAM VALLEY
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010579
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WORLDEXCHANGE.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL SKLAAR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08455262505
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WORLD EXCHANGE LTD
ReturnHeader/Filer/BusinessNameControlTxt0WORL
ReturnHeader/Filer/EIN0141670279
ReturnHeader/Filer/PhoneNum08455262505
ReturnHeader/Filer/USAddress/AddressLine1Txt07 WHITE BIRCH ROAD
ReturnHeader/Filer/USAddress/CityNm0PUTNAM VALLEY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010579
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId053D458C82320E5CA4BCA37F288A6CEEB15A0A3C7
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0AF4821F9D76A72C859D343DB89F1B8E206218165
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0061460870
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/PreparationDt02017-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PATRICK F MCINTYRE
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-11-15T11:22:12-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$42
Liabilities
$199,988
Net assets
-$199,946
Revenue
$97,264
Expenses
$121,532
Net income
-$24,268
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