Civic Intelligence

We Are the World Foundation

990 • Fiscal year 2017 • EIN 27-1865560

Jan 01, 2017 to Aug 31, 2017 • Filed on Feb 27, 2018

C/O 6050 El Tordo PO Box 2329Rancho Santa Fe, CA 92067

(858) 400-1308

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2017

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

6th percentile

-65%

Higher net margin than 6% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

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

Revenue Growth

83rd percentile

42%

Faster revenue growth than 83% of similar nonprofits.

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

Assets

Down

$0

Down $32,160 (-100%) from 2016

Net Assets

Down

$0

Down $32,050 (-100%) from 2016

Liabilities

Down

$0

Down $110 (-100%) from 2016

Revenue

Up

$49,106

Up $14,639 (+42%) from 2016

Expenses

Down

$81,156

Down $303,353 (-79%) from 2016

Net Income

Up

-$32,050

Up $317,992 (+91%) from 2016

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,729,289Liabilities 2011: $2,790Net Assets 2011: $2,726,4992011Assets 2012: $2,269,223Liabilities 2012: $1,639Net Assets 2012: $2,267,5842012Assets 2014: $588,621Liabilities 2014: $636Net Assets 2014: $587,9852014Assets 2015: $385,079Liabilities 2015: $2,987Net Assets 2015: $382,0922015Assets 2016: $32,160Liabilities 2016: $110Net Assets 2016: $32,0502016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2017

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $425,9252011Expenses 2012: $785,7792012Revenue 2014: $22,687Expenses 2014: $505,027Net Income 2014: -$482,3402014Revenue 2015: $30,362Expenses 2015: $236,255Net Income 2015: -$205,8932015Revenue 2016: $34,467Expenses 2016: $384,509Net Income 2016: -$350,0422016Revenue 2017: $49,106Expenses 2017: $81,156Net Income 2017: -$32,0502017

Highlighted filing

2017

Revenue$49,106
Expenses$81,156
Net Income-$32,050
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Aug 31, 2017
Signed
Feb 27, 2018
Return Version
2017v2.2
Gross Receipts
$49,106
Mission and Program Overview

Mission

The foundation's mission is to use the distribution of the audio and visual recordings of the performance of "we are the world 25 for haiti" as an educational tool to raise consciousness about the ongoing needs in haiti and other parts of the developing world affected by natural disasters; to build a worldwide movement that furthers the spirit of philanthropic activism; and to raise funds for distribution to other charitable organizations with efficient relief and development programs in haiti.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$22,939$0▼ $22,939
Accounts Receivable$6,425$0▼ $6,425
Prepaid Expenses and Deferred Charges$2,796$0▼ $2,796
Savings and Temporary Cash Investments-$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-
Total Assets$32,160$0▼ $32,160
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$110$0▼ $110
Total Liabilities$110$0▼ $110
Net Assets / Fund Balance
Unrestricted Net Assets$32,050$0▼ $32,050
Total Net Assets Fund Balance$32,050$0▼ $32,050
Total Liabilities and Net Assets / Fund Balance$32,160$0▼ $32,160
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brandon PhillipsDirector/president
Adam FellDirector
Lionel RichieDirector
Paul HaggisDirector
Quincy JonesDirector
Peter TortoriciDirector/treasurer
Cheryl RomineOfficer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$29,669
Program Service Revenue
$19,437
Investment Income
$0
Other Revenue
$0
All Other Contributions
$29,669
Change in Net Assets
$-32,050
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$58,666
Other Expenses$22,490
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$58,666--$58,666
Insurance-$8,351-$8,351
Fees for Services Legal-$7,773-$7,773
Fees for Services Accounting-$5,444-$5,444
Office Expenses-$455-$455
Fees for Services Other-$449-$449
Travel-$18-$18
Total Functional Expenses$58,666$22,490$0$81,156
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Artists for Peace & JusticeSanta Monica, CA501(c)(3)ON APRIL 18, 2010, THE FOUNDATION'S BOARD OF DIRECTORS APPROVED A GRANT IN THE AMOUNT OF $1,500,000 WHICH ON JULY 30, 2012, WAS REVISED TO $2,582,410 TO ARTISTS FOR PEACE AND JUSTICE ("APJ"), A DOMESTIC TAX-EXEMPT ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, FOR THE CONSTRUCTION AND FIVE YEARS OF OPERATIONS OF A MUSIC SCHOOL FOR IMPOVERISHED YOUNG PEOPLE IN HAITI. THE FIRST INSTALLMENT OF THAT GRANT WAS DISBURSED ON JANUARY 5, 2011 AND THE SECOND INSTALLMENT WAS DISBURSED ON AUGUST 3, 2012 FOLLOWING THE FOUNDATION'S RECEIPT FROM APJ OF PROJECT DETAIL, PLANS AND DOCUMENTATION. IN 2013 A DISBURSEMENT TOWARDS PHASE TWO OF THE PROJECT WAS MADE ON AUGUST 30TH. A SUPPLEMENTAL AGREEMENT WAS ALSO APPROVED ON OCTOBER 2013 FOR $323,865 AND THE FIRST TWO INSTALLMENTS, TOTALING $215,910, WERE PAID ON OCTOBER 22, 2013.[CONTINUED ON SCHEDULE O]$58,666
The Lionel Richie FoundationLos Angeles, CA501(c)(3)Transfer of Intellectual Property and Contractual Rights to Charitable Organizations.-
The Quincy Jones FoundationLos Angeles, CA501(c)(3)Transfer of Intellectual Property and Contractual Rights to Charitable Organizations-
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
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
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 A, Line 2

Director adam fell serves as business manager to director quincy jones. Officer cheryl romine serves as executive assistant to director/officer peter tortorici.

Form 990, Part VI, Section B, Line 11B

An accounting firm is hired to prepare the tax return and a copy is provided to the board of directors for their review before the tax return is filed with the irs.

Form 990, Part VI, Section B, Line 12C

The foundation's conflict of interest policy requires directors and officers to disclose conflicts of interest. The organization regularly reviews transactions that may give rise to conflicts of interest. Thus far, no conflicts have arisen.

Form 990, Part VI, Section B, Line 15

Not applicable in this case since the foundation has no compensated officers or key employees.

Form 990, Part VI, Section C, Line 19

The foundation complies with the requirement that it disclose to the public, upon request, its form 1023 and attachments (including articles of incorporation and bylaws). The foundation's financial statements are incorporated into the form 990 which, of course, is available to the public.

Filing and Contact Details

Filer

Filer Name
We Are the World Foundation
EIN
27-1865560
Phone
8584001308
Address
C/O 6050 EL TORDO PO BOX 2329, RANCHO SANTA FE, CA 92067

Signing Officer

Name
Peter Tortorici
Title
Treasurer
Phone
8584001308
Signed
2018-02-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Tortorici
Formed
2010
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Provident Financial Management
Address
3130 WILSHIRE BLVD 600, SANTA MONICA, CA 90403
Preparer
Heidemarie S Zepf
Phone
3102820477
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

The foundation ceased operations and elected to wind up and dissolve.

SCHEDULE I, PART II, LINE 1, COLUMN (H) CONTINUED:

On september 12, 2014, the third installment of the original grant (as revised on july 30, 2012) was disbursed, together with the final installment of the supplemental grant, for a total of $464,850. Furthermore on august 5, 2015, the fourth installment of the original grant for the amount of $204,082 was disbursed, leaving the final sum of $57,000 to be disbursed on july 2016. The supplemental grant of $275,185, which the grantee has designated to enable six months of operations at audio institute from august 2016 to january 2017, was approved on june 21, 2016. Pursuant to the authorization of the supplemental grant the sum of $332,185, representing the supplemental grant as well as the final installment of the original grant of $57,000, was disbursed on june 28, 2016. Having successfully completed its mission, the board came to the conclusion to terminate we are the world foundation's fundraising activities and to dissolve the organization in 2017. The application for dissolution was filed and accepted by the state of california on august 31, 2017. Subsequently final remaining bank balance of $58,666 was disbursed on october 6th, 2017 to artists for peace & justice as the final contribution towards their charitable operations.

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IRS990/MissionDesc0THE FOUNDATION'S MISSION IS TO USE THE DISTRIBUTION OF THE AUDIO AND VISUAL RECORDINGS OF THE PERFORMANCE OF "WE ARE THE WORLD 25 FOR HAITI" AS AN EDUCATIONAL TOOL TO RAISE CONSCIOUSNESS ABOUT THE ONGOING NEEDS IN HAITI AND OTHER PARTS OF THE DEVELOPING WORLD AFFECTED BY NATURAL DISASTERS; TO BUILD A WORLDWIDE MOVEMENT THAT FURTHERS THE SPIRIT OF PHILANTHROPIC ACTIVISM; AND TO RAISE FUNDS FOR DISTRIBUTION TO OTHER CHARITABLE ORGANIZATIONS WITH EFFICIENT RELIEF AND DEVELOPMENT PROGRAMS IN HAITI.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE PUBLIC SUPPORT PERCENTAGE FOR 2016 (PART III, LINE 16) CORRESPONDS TO THE FIGURE SHOWN ON THE 2016 FORM 990. HOWEVER, THAT FIGURE WAS BASED ON AN ERRONEOUS CALCULATION IN 2012 OF GROSS RECEIPTS THAT EXCEED THE GREATER OF $5,000 OR 1% OF TOTAL SUPPORT. THE MISCALCULATION WAS IDENTIFIED IN THE 2016 FORM 990. THE 2016 PUBLIC SUPPORT PERCENTAGE IS USED HERE ONLY FOR HISTORICAL CONSISTENCY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, SECTION C, LINE 16:
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01098
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0894
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01936
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt034640
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0366
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0982
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01758
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt04680
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt07786
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt019437
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt033058
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt028282
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt020035
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt035983
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0136795
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0366
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0982
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01758
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt04680
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt07786
IRS990ScheduleA/InvestmentIncomeCYPct00.04340
IRS990ScheduleA/InvestmentIncomePYPct00.03370
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95660
IRS990ScheduleA/PublicSupportPY509Pct00.30690
IRS990ScheduleA/PublicSupportTotal509Amt0171435
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt049106
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt034101
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt029380
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt020929
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt037919
IRS990ScheduleA/Total509Grp/TotalAmt0171435
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt049106
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt034467
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt030362
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt022687
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt042599
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0179221
IRS990/ScheduleBRequiredInd00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt058666
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0ASSIGNMENT OF LLC INTEREST
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc1ASSIGNMENT OF LLC INTEREST
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0ON APRIL 18, 2010, THE FOUNDATION'S BOARD OF DIRECTORS APPROVED A GRANT IN THE AMOUNT OF $1,500,000 WHICH ON JULY 30, 2012, WAS REVISED TO $2,582,410 TO ARTISTS FOR PEACE AND JUSTICE ("APJ"), A DOMESTIC TAX-EXEMPT ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, FOR THE CONSTRUCTION AND FIVE YEARS OF OPERATIONS OF A MUSIC SCHOOL FOR IMPOVERISHED YOUNG PEOPLE IN HAITI. THE FIRST INSTALLMENT OF THAT GRANT WAS DISBURSED ON JANUARY 5, 2011 AND THE SECOND INSTALLMENT WAS DISBURSED ON AUGUST 3, 2012 FOLLOWING THE FOUNDATION'S RECEIPT FROM APJ OF PROJECT DETAIL, PLANS AND DOCUMENTATION. IN 2013 A DISBURSEMENT TOWARDS PHASE TWO OF THE PROJECT WAS MADE ON AUGUST 30TH. A SUPPLEMENTAL AGREEMENT WAS ALSO APPROVED ON OCTOBER 2013 FOR $323,865 AND THE FIRST TWO INSTALLMENTS, TOTALING $215,910, WERE PAID ON OCTOBER 22, 2013.[CONTINUED ON SCHEDULE O]
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1TRANSFER OF INTELLECTUAL PROPERTY AND CONTRACTUAL RIGHTS TO CHARITABLE ORGANIZATIONS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2TRANSFER OF INTELLECTUAL PROPERTY AND CONTRACTUAL RIGHTS TO CHARITABLE ORGANIZATIONS.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ARTISTS FOR PEACE & JUSTICE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1THE QUINCY JONES FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2THE LIONEL RICHIE FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0263873642
IRS990ScheduleI/RecipientTable/RecipientEIN1611553720
IRS990ScheduleI/RecipientTable/RecipientEIN2273522456
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01507 7TH ST 403
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt110850 WILSHIRE BLVD SUITE 1200
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt21880 CENTURY PARK EAST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SANTA MONICA
IRS990ScheduleI/RecipientTable/USAddress/CityNm1LOS ANGELES
IRS990ScheduleI/RecipientTable/USAddress/CityNm2LOS ANGELES
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd090401
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd190024
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd290067
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S DIRECTORS HAVE PERSONAL FAMILIARITY WITH THE HISTORIES AND GOOD WORKS OF ALL OF THE FOUNDATION'S DONEE ORGANIZATIONS. IN GENERAL, THE FOUNDATION CONDUCTS PERIODIC FOLLOW-UPS WITH THE OFFICERS OF THE DONEE ORGANIZATIONS TO VERIFY THE APPROPRIATE EXPENDITURES OF GRANT FUNDS. WITH REGARD TO THE GRANT TO ARTISTS FOR PEACE AND JUSTICE, THE FOUNDATION RECEIVES REGULAR PERIODIC NARRATIVE AND FINANCIAL REPORTS FROM THE DONEE REGARDING THE PROGRESS OF THE GRANT PROJECT.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1THE FUTURE CASHFLOW FROM THE INTELLECTUAL PROPERTY AND CONTRACTUAL RIGHTS OWNED BY THE LLC, INTERESTS IN WHICH WERE ASSIGNED TO THE QUINCY JONES FOUNDATION AND THE LIONEL RICHIE FOUNDATION, HAD PREVIOUSLY BEEN ASSIGNED TO ARTISTS FOR PEACE & JUSTICE. ACCORDINGLY, THE LLC INTERESTS ARE SHOWN WITH A VALUE OF ZERO.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1PART II, LINE 1, COLUMN (E):
IRS990/ScheduleJRequiredInd00
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd01
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0CITY NATIONAL BANK - CHECKING ACCOUNT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1MEMBERSHIP INTEREST IN "WE ARE THE WORLD 25 FOR HAITI LLC"
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc2MEMBERSHIP INTEREST IN "WE ARE THE WORLD 25 FOR HAITI LLC"
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0ARTISTS FOR PEACE & JUSTICE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt1THE QUINCY JONES FOUNDATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt2THE LIONEL RICHIE FOUNDATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02017-10-06
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt12017-08-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt22017-08-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0263873642
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN1611553720
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN2273522456
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt058666
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501 (C) (3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt1501 (C) (3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt2501 (C) (3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0CASH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt01507 7TH ST 403
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt110850 WILSHIRE BLVD SUITE 1200
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt21880 CENTURY PARK EAST
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0SANTA MONICA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm1LOS ANGELES
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm2LOS ANGELES
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0CA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd1CA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd2CA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd090401
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd190024
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd290067
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0PERSON(S) INVOLVED: QUINCY JONES LIONEL RICHIE
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt1EXPLANATION OF INVOLVEMENT: TRUSTEE OF THE QUINCY JONES FOUNDATIONTRUSTEE OF THE LIONEL RICHIE FOUNDATIONMR. JONES AND MR. RICHIE ARE BOARD MEMBERS OF THIS FOUNDATION
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt2THE FUTURE CASHFLOW FROM THE INTELLECTUAL PROPERTY AND CONTRACTUAL RIGHTS OWNED BY THE LLC, INTERESTS IN WHICH WERE ASSIGNED TO THE QUINCY JONES FOUNDATION AND THE LIONEL RICHIE FOUNDATION, HAD PREVIOUSLY BEEN ASSIGNED TO ARTISTS FOR PEACE & JUSTICE. ACCORDINGLY, THE LLC INTERESTS ARE SHOWN WITH A VALUE OF ZERO.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2E:
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 2E:
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc2PART I, LINE 1, COLUMN (C):
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION CEASED OPERATIONS AND ELECTED TO WIND UP AND DISSOLVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DIRECTOR ADAM FELL SERVES AS BUSINESS MANAGER TO DIRECTOR QUINCY JONES. OFFICER CHERYL ROMINE SERVES AS EXECUTIVE ASSISTANT TO DIRECTOR/OFFICER PETER TORTORICI.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AN ACCOUNTING FIRM IS HIRED TO PREPARE THE TAX RETURN AND A COPY IS PROVIDED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW BEFORE THE TAX RETURN IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION'S CONFLICT OF INTEREST POLICY REQUIRES DIRECTORS AND OFFICERS TO DISCLOSE CONFLICTS OF INTEREST. THE ORGANIZATION REGULARLY REVIEWS TRANSACTIONS THAT MAY GIVE RISE TO CONFLICTS OF INTEREST. THUS FAR, NO CONFLICTS HAVE ARISEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NOT APPLICABLE IN THIS CASE SINCE THE FOUNDATION HAS NO COMPENSATED OFFICERS OR KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FOUNDATION COMPLIES WITH THE REQUIREMENT THAT IT DISCLOSE TO THE PUBLIC, UPON REQUEST, ITS FORM 1023 AND ATTACHMENTS (INCLUDING ARTICLES OF INCORPORATION AND BYLAWS). THE FOUNDATION'S FINANCIAL STATEMENTS ARE INCORPORATED INTO THE FORM 990 WHICH, OF COURSE, IS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ON SEPTEMBER 12, 2014, THE THIRD INSTALLMENT OF THE ORIGINAL GRANT (AS REVISED ON JULY 30, 2012) WAS DISBURSED, TOGETHER WITH THE FINAL INSTALLMENT OF THE SUPPLEMENTAL GRANT, FOR A TOTAL OF $464,850. FURTHERMORE ON AUGUST 5, 2015, THE FOURTH INSTALLMENT OF THE ORIGINAL GRANT FOR THE AMOUNT OF $204,082 WAS DISBURSED, LEAVING THE FINAL SUM OF $57,000 TO BE DISBURSED ON JULY 2016. THE SUPPLEMENTAL GRANT OF $275,185, WHICH THE GRANTEE HAS DESIGNATED TO ENABLE SIX MONTHS OF OPERATIONS AT AUDIO INSTITUTE FROM AUGUST 2016 TO JANUARY 2017, WAS APPROVED ON JUNE 21, 2016. PURSUANT TO THE AUTHORIZATION OF THE SUPPLEMENTAL GRANT THE SUM OF $332,185, REPRESENTING THE SUPPLEMENTAL GRANT AS WELL AS THE FINAL INSTALLMENT OF THE ORIGINAL GRANT OF $57,000, WAS DISBURSED ON JUNE 28, 2016. HAVING SUCCESSFULLY COMPLETED ITS MISSION, THE BOARD CAME TO THE CONCLUSION TO TERMINATE WE ARE THE WORLD FOUNDATION'S FUNDRAISING ACTIVITIES AND TO DISSOLVE THE ORGANIZATION IN 2017. THE APPLICATION FOR DISSOLUTION WAS FILED AND ACCEPTED BY THE STATE OF CALIFORNIA ON AUGUST 31, 2017. SUBSEQUENTLY FINAL REMAINING BANK BALANCE OF $58,666 WAS DISBURSED ON OCTOBER 6TH, 2017 TO ARTISTS FOR PEACE & JUSTICE AS THE FINAL CONTRIBUTION TOWARDS THEIR CHARITABLE OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6SCHEDULE I, PART II, LINE 1, COLUMN (H) CONTINUED:
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0WE ARE THE WORLD FOUNDATION
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0WE ARE THE WORLD 25 FOR HAITI
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt00
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0OWNERSHIP OF THE INTELLECTUAL PROPERTY AND CONTRACTUAL RIGHTS
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt00
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt012180 MILLENNIUM DRIVE SUITE 300
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0LOS ANGELES
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd090094
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt032160
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt032160
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt029669
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt022490
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt058666
IRS990/TotalFunctionalExpensesGrp/TotalAmt081156
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0110
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt0110
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt032050
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00

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