Civic Intelligence

World Exchange Ltd

990 • Fiscal year 2017 • EIN 14-1670279

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 11, 2003

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

10.01x

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

2017 filings • NTEE Q • <$500k nonprofits • Source year 2017

Liabilities / Revenue

97th percentile

1.57x

Higher debt load relative to revenue than 97% of similar nonprofits.

2017 filings • NTEE Q • <$500k nonprofits • Source year 2017

Net Margin

73rd percentile

20%

Higher net margin than 73% of similar nonprofits.

2017 filings • NTEE Q • <$500k nonprofits • Source year 2017

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.

2017 filings • NTEE Q • <$500k nonprofits • Source year 2017

Asset Growth

99th percentile

46029%

Faster asset growth than 99% of similar nonprofits.

2017 filings • NTEE Q • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

72nd percentile

27%

Faster revenue growth than 72% of similar nonprofits.

2017 filings • NTEE Q • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$19,374

Up $19,332 (+46029%) from 2016

Net Assets

Up

-$174,631

Up $25,315 (+13%) from 2016

Liabilities

Down

$194,005

Down $5,983 (-3.0%) from 2016

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin73rd percentile

Revenue

Up

$123,882

Up $26,618 (+27%) from 2016

Expenses

Down

$98,567

Down $22,965 (-19%) from 2016

Net Income

Up

$25,315

Up $49,583 (+204%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth99th 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

2017

Assets$19,374
Liabilities$194,005
Net Assets-$174,631
Open 2017 Filing

Operations Trend

Revenue Growth72nd 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

2017

Revenue$123,882
Expenses$98,567
Net Income$25,315
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 11, 2003
Return Version
2017v2.3
Gross Receipts
$123,882
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-$19,332-
Loans From Officers Directors$2,222$2,222→ $0
Savings and Temporary Cash Investments$42$42→ $0
Total Assets$42$19,374▲ $19,332
Liabilities
Other Liabilities$89,359$89,359→ $0
Accounts Payable and Accrued Expenses$77,107$75,749▼ $1,358
Deferred Revenue$31,300$26,675▼ $4,625
Total Liabilities$199,988$194,005▼ $5,983
Net Assets / Fund Balance
Unrestricted Net Assets$-199,946$-174,631▲ $25,315
Total Net Assets Fund Balance$-199,946$-174,631▲ $25,315
Total Liabilities and Net Assets / Fund Balance$42$19,374▲ $19,332

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$41,272$41,272
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Michael SklaarPresident
Vera SklaarSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$12,541
Program Service Revenue
$111,341
Investment Income
$0
Other Revenue
$0
All Other Contributions
$12,541
Change in Net Assets
$25,315
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$86,337
Salaries, Compensation, and Employee Benefits$12,230
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
Travel$7,248$5,128-$12,376
Other Employee Benefits$9,784$2,446-$12,230
Other Expenses$2,546$631-$3,177
Office Expenses$890$223-$1,113
All Other Expenses$667$167-$834
Total Functional Expenses$84,197$14,370$0$98,567
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
2003-11-11
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
0

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/WhistleblowerPolicyInd0false
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL SKLAAR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08455262505
ReturnHeader/BusinessOfficerGrp/SignatureDt02003-11-11
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/AtSubmissionCreationDeviceId0CCCA9011C19B24D830D07A6325CD33DBF1792E80
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02ECD5F2415C29E6F6C389B7D65DC4ABFDC558C3D
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02018-11-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm012:48:36
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/PreparationDt02018-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PATRICK F MCINTYRE
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-11-14T13:48:36-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$19,374
Liabilities
$194,005
Net assets
-$174,631
Revenue
$123,882
Expenses
$98,567
Net income
$25,315
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