Civic Intelligence

Wonderwork Inc

990 • Fiscal year 2014 • EIN 27-4159217

Jul 01, 2013 to Jun 30, 2014 • Filed on May 11, 2015

420 5th Avenue 27th FloorSuite10018

(212) 729-1855

Siviq Scores

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

Liabilities / Assets

81st percentile

0.69x

Higher debt load relative to assets than 81% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

75th percentile

0.79x

Higher debt load relative to revenue than 75% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

60th percentile

5.9%

Higher net margin than 60% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

90th percentile

$517,744

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

97th percentile

85%

Faster asset growth than 97% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$15,445,443

Up $7,088,218 (+85%) from 2013

Net Assets

Up

$4,758,777

Up $2,030,415 (+74%) from 2013

Liabilities

Up

$10,686,666

Up $5,057,803 (+90%) from 2013

Revenue

$13,586,669

No earlier filing loaded for comparison.

Expenses

Up

$12,786,550

Up $951,306 (+8.0%) from 2013

Net Income

$800,119

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2013: $8,357,225Liabilities 2013: $5,628,863Net Assets 2013: $2,728,3622013Assets 2014: $15,445,443Liabilities 2014: $10,686,666Net Assets 2014: $4,758,7772014Assets 2015: $14,545,082Liabilities 2015: $9,836,110Net Assets 2015: $4,708,9722015

Highlighted filing

2014

Assets$15,445,443
Liabilities$10,686,666
Net Assets$4,758,777

Operations Trend

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

$15M$10M$5.0M$0Expenses 2013: $11,835,2442013Revenue 2014: $13,586,669Expenses 2014: $12,786,550Net Income 2014: $800,1192014Revenue 2015: $14,652,590Expenses 2015: $12,294,351Net Income 2015: $2,358,2392015

Highlighted filing

2014

Revenue$13,586,669
Expenses$12,786,550
Net Income$800,119
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 11, 2015
Return Version
2013v4.0
Gross Receipts
$14,729,311
Mission and Program Overview

Mission

Provide treatment, surgery, and related assistance to children and adults everywhere, including those in developing countries, suffering from disease, illness, or disability. For more information, see schedule o.

Provide free surgery to indigent children and adults, financial support for local hospitals, and raise awareness about the lack of access to surgery in developing countries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,431,625$14,066,815▲ $7,635,190
Cash and Non-Interest-Bearing Accounts$191,061$460,840▲ $269,779
Savings and Temporary Cash Investments$987,168$413,121▼ $574,047
Pledges and Grants Receivable$570,156$370,116▼ $200,040
Loans From Officers Directors$0$200,000▲ $200,000
Land, Buildings, and Equipment, Net$131,590$88,926▼ $42,664
Prepaid Expenses and Deferred Charges$45,625$45,625→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Total Assets$8,357,225$15,445,443▲ $7,088,218
Other Assets Total$0$0→ $0
Liabilities
Unsecured Notes Loans Payable$2,500,000$9,318,750▲ $6,818,750
Accounts Payable and Accrued Expenses$1,236,660$1,167,916▼ $68,744
Mortgage Notes Payable Secured by Investment Property$1,159,203$0▼ $1,159,203
Grants Payable$733,000$0▼ $733,000
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$5,628,863$10,686,666▲ $5,057,803
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,855,006$2,382,362▲ $527,356
Unrestricted Net Assets$873,356$2,376,415▲ $1,503,059
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$2,728,362$4,758,777▲ $2,030,415
Total Liabilities and Net Assets / Fund Balance$8,357,225$15,445,443▲ $7,088,218

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$35,325$21,852$57,177
Other Land Buildings$35,136$11,107$46,243
Equipment$18,465$27,485$45,950
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brian MullaneyCo-founder, President & CEOFT$475,000$42,744$517,744
Hana FuchsChief Financial OfficerFT$200,000$9,252$209,252
Karen LazarusDirector Strategic ProjectsFT$142,500$18,111$160,611
Delois GreenwoodSenior Advisor Global ProgramsFT$145,833-$145,833

Board Members and Trustees

NameTitle
Jj ConeysAudit Committee Chair
Ravi KantDirector
Theodore DysartTreasurer/secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Jones DayConsulting Services-$245,357
Kravet Vogel LLPConsulting Services-$237,240
Revenue and Support

Revenue Composition

Contributions and Grants
$12,912,667
Program Service Revenue
$0
Investment Income
$647,872
Other Revenue
$26,130
All Other Contributions
$12,912,667
Change in Net Assets
$800,119

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded6$239,725Fair Market Value (FMV)
Total Noncash Contributions6$239,725-

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,586,669
Revenue Not Reported on Form 990
$3,112,737
Total Revenue per Audited Statements
$16,699,406
Total Revenue per Form 990
$13,586,669
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,521,812
Total Fundraising Expense$4,619,803
Salaries, Compensation, and Employee Benefits$1,721,683
Grants and Similar Amounts Paid$1,543,055
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$3,805,923$6,555$3,943,214$7,755,692
Foreign Grants$1,083,055--$1,083,055
Current Officers, Directors, Trustees, and Key Employees$708,946$58,522$118,715$886,183
Other Salaries and Wages$491,444$8,819$174,102$674,365
Fees for Services Legal$558,680$81,244$0$639,924
Grants to Domestic Orgs$460,000--$460,000
Fees for Services Other$198,709$95$198,151$396,955
Travel$144,488$41,722$51,759$237,969
Occupancy$143,670$8,066$35,289$187,025
Other Expenses$72,106$20,812$25,833$118,751
Payroll Taxes$62,048$3,483$15,240$80,771
Other Employee Benefits$60,138$3,428$16,798$80,364
Fees for Services Accounting$0$50,100$0$50,100
Advertising$21,211-$23,611$44,822
Depreciation Depletion$34,173$1,919$8,394$44,486
Insurance$23,209$1,302$5,701$30,212
Information Technology$12,196$684$2,996$15,876
Total Functional Expenses$7,879,996$286,751$4,619,803$12,786,550

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$14,668,991
Expenses per Audited Statements$12,786,550
Total Expenses per Form 990$12,786,550
Expenses Not Reported on Form 990$1,882,441
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
58-2248383-501(c)(3)Clubfoot$150,000
03-0362926-501(c)(3)Cataract$100,000
52-1611548-501(c)(3)Cataract$50,000
32-0081616-501(c)(3)-$40,000
20-4286082-501(c)(3)Cataract$20,000
13-1867411-501(c)(3)Burn$15,000
23-7388748-501(c)(3)Cataract$10,000
52-2344177-501(c)(3)Burn$10,000
71-0897496-501(c)(3)Burn, Cataract$10,000
13-3358601-501(c)(3)Cataract$10,000
62-6046138-501(c)(3)Cataract, Burn$10,000
91-1453216-501(c)(3)Clubfoot$10,000
23-7297770-501(c)(3)Burn$10,000
06-1816914-501(c)(3)Burn$10,000

International Summary

Employees
1
Spending
$1,101,055

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
South AsiaGrantmakingConsulting-1$943,055
Sub-Saharan AfricaGrantmaking---$60,000
Europe (Including Iceland and Greenland)Grantmaking---$60,000
East Asia and the PacificGrantmaking---$20,000
South AsiaProgram Services---$18,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

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
Loans from Officers, Directors, Trustees, and Key Employees$0$200,000▲ $200,000
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $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
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
Filing and Contact Details

Filer

EIN
27-4159217
In Care Of
% HANA FUCHS
Phone
2127291855

Signing Officer

Name
Brian Mullaney
Title
Co-founder and CEO
Phone
2127291855
Signed
2015-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Mullaney
Formed
2011
Legal Domicile
De
Voting Board Members
4
Independent Board Members
3
Employees
13
Volunteers
3

Preparer

Preparer
Kpmg Llp
Phone
2127291855
Supplemental Narrative

Additional Explanations

ORGANIZATION'S MISSION

Form 990, Part III, Line 1 WONDERWORK IS A NOT-FOR-PROFIT ORGANIZATION WHICH WAS FOUNDED TO PROVIDE TREATMENT, SURGERY, AND RELATED ASSISTANCE TO CHILDREN AND ADULTS IN UNDERSERVED REGIONS OF THE WORLD. WONDERWORK PROVIDES LIFE-CHANGING SUPPORT FOR ILLNESS, DISEASE, AND DISABILITY INCLUDING BUT NOT LIMITED TO BLINDNESS, CLUBFOOT, BURN CARE, HYDROCEPHALUS, AND PEDIATRIC CARDIAC SURGERY. WONDERWORK SUPPORTS OTHER MEDICAL INSTITUTIONS AND CHARITABLE ORGANIZATIONS ENGAGED IN THE PROVISION OF THESE SERVICES; AS WELL AS, EDUCATES DOCTORS AND RAISES PUBLIC AWARENESS ON NEEDED SURGICAL CARE AND RELATED TREATMENT FOR UNDERSERVED POPULATIONS WITH DISABILITIES. WONDERWORK ALSO AIMS TO FURTHER THE PUBLIC EDUCATION AND PUBLIC INTERACTION BY ENGAGING IN PUBIC EDUCATION AND DELIVERY OF CALLS TO ACTION ASKING THE PUBLIC TO TAKE ACTION IN SUPPORT OF WONDERWORK'S PROGRAMS IN CONJUNCTION WITH FUNDRAISING APPEALS.

Significant Program Service Activities

Form 990, Part III, Line 3 THE ORGANIZATION WAS INCORPORATED IN AND FILED AN INITIAL RETURN IN FISCAL YEAR 2011. DURING FISCAL YEAR 2012, WONDERWORK, INC. RECEIVED SIGNIFICANT SUPPORT FROM DONORS AND INCREASED OPERATIONS TO SUPPORT ITS FIVE MAIN SERVICE AREAS - BLINDNESS, CLUBFOOT, BURN CARE, HYDROCEPHALUS, AND PEDIATRIC CARDIAC SURGERY. THE ORGANIZATION SAW CONTINUED GROWTH IN FISCAL YEAR 2013 AND 2014 HOWEVER, MOST DONATIONS WERE RESTRICTED TO THE BLINDNESS, CLUBFOOT, BURN CARE PROGRAMS.

Form 990 Review

Form 990, Part VI, Line 11b THE FORM 990 WAS PREPARED BY AN INTERNATIONAL ACCOUNTING FIRM AND THE WONDERWORK FINANCE DEPARTMENT. A COPY OF THE FORM 990 WAS REVIEWED BY THE CHAIR OF THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS AND WAS DISTRIBUTED TO ALL BOARD MEMBERS BEFORE FILING WITH THE IRS.

Conflict of Interest Policy

Form 990, Part VI, Line 12c EACH OFFICER, DIRECTOR AND KEY EMPLOYEE OF THE ORGANIZATION IS REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST THAT ARISE THROUGH EMPLOYMENT, BOARD SERVICE OR POSITION IN THE ORGANIZATION. THE ORGANIZATION MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH ANNUAL COMPLETION OF THE QUESTIONNAIRE AND DISCLOSURE STATEMENT THAT IS DISTRIBUTED TO THESE INDIVIDUALS. ALSO, NEW EMPLOYEES JOINING THE ORGANIZATION ARE REQUIRED TO COMPLETE THE QUESTIONNAIRE. POTENTIAL CONFLICTS OF INTEREST ARE INVESTIGATED IMMEDIATELY, AND A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN DISCUSSIONS ON ANY MATTER RELATED TO THE CONFLICT. COMPLETED QUESTIONNAIRES ARE AVAILABLE FOR INSPECTION BY ANY BOARD MEMBER AND MAY BE REVIEWED BY THE ORGANIZATION'S LEGAL COUNSEL. THE FINANCE DEPARTMENT MONITORS NEW CONTRACTS AND INVOICE PAYMENTS TO MAKE SURE THAT THE POLICY IS FOLLOWED.

Process for Determining Compensation

Form 990, Part VI, Line 15a & 15B AN INDEPENDENT COMPENSATION COMMITTEE HAS BEEN ESTABLISHED BY THE BOARD OF DIRECTORS TO SECURE DATA FROM AND ABOUT COMPARABLE NONPROFIT ORGANIZATIONS IN OUR AREA TO BENCHMARK PAY. THE COMMITTEE WAS ESTABLISHED TO FURTHER COLLECT OTHER PUBLISHED SURVEY DATA, WHEN APPROPRIATE, OF FOR-PROFIT ORGANIZATIONS FOR SPECIFIC FUNCTIONAL COMPETENCIES SUCH AS FINANCE AND HUMAN RESOURCES. TOGETHER WITH THIS DATA FROM THE COMPARABLE LOCAL ORGANIZATIONS, DATA FROM THESE MARKET SEGMENTS ARE USED TO FORM A MARKET COMPOSITE TO ASSESS THE COMPETITIVENESS, FAIRNESS AND APPROPRIATENESS OF COMPENSATION PAID BY WONDERWORK TO ITS EXECUTIVES AND OTHER EMPLOYEES. WONDERWORK'S COMPENSATION STRATEGY AND IMPLEMENTATION IS ADMINISTERED BY THIS COMPENSATION COMMITTEE, WHICH WILL REPORT ITS FINDINGS TO THE BOARD OF DIRECTORS. THE BOARD, THROUGH THIS COMMITTEE, IS RESPONSIBLE FOR ESTABLISHING AND MAINTAINING A COMPETITIVE COMPENSATION PROGRAM FOR THE ORGANIZATION AND COORDINATING AN ANNUAL REVIEW BY AN INDEPENDENT REVIEWER (OR AN INTERNAL DETERMINATION) TO EVALUATE THE ORGANIZATION'S EXECUTIVE COMPENSATION AGAINST THE COMPETITIVE MARKET. FOLLOWING THE REVIEW OF THIS EVALUATION, THE BOARD APPROVES, FOR SELECTED KEY EXECUTIVES, BASE SALARIES AND ANNUAL INCENTIVE OPPORTUNITY ADJUSTMENTS (IF ANY), AND OBJECTIVES AND GOALS FOR THE UPCOMING YEAR. COMPENSATION REVIEWS ARE CONTEMPORANEOUSLY DOCUMENTED IN BOARD AND COMMITTEE MINUTES.

Document Disclosure

Form 990, Part VI, Line 19 THE ORGANIZATION MAKES THE FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS HEADQUARTERS IN NEW YORK CITY. THE FORM 990 IS ALSO PUBLISHED ON THE INTERNET ON THE ORGANIZATION'S WEBSITE. THE ORGANIZATIONS FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE WEBSITE (WWW.WONDERWORK.ORG). THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.

Financial Statement Notes

Uncertain Tax Positions

Form 990, schedule d, part x, line 2 wonderwork recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Income generated from activities unrelated to the wonderwork's exempt purpose is subject to tax under internal revenue code section 511. Wonderwork utilizes a threshold of more likely than not for recognition and derecognition of tax positions taken or expected to be taken in a tax return. Wonderwork did not recognize any unrelated business income tax liability for the years ended june 30, 2014 and 2013.

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