Civic Intelligence

La Paz Global

990 • Fiscal year 2022 • EIN 42-1649091

Apr 01, 2021 to Mar 31, 2022 • Filed on Aug 24, 2022

2550 W 22nd AveEugene, OR 97405

(541) 461-3304

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

17th percentile

0.00x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

28th percentile

-3.6%

Higher net margin than 28% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

37th percentile

-2.8%

Faster asset growth than 37% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

84th percentile

59%

Faster revenue growth than 84% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$1,057,250

Down $30,470 (-2.8%) from 2021

Net Assets

Down

$1,057,250

Down $30,470 (-2.8%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Up

$816,624

Up $301,475 (+59%) from 2021

Expenses

Up

$845,953

Up $350,906 (+71%) from 2021

Net Income

Down

-$29,329

Down $49,431 (-246%) from 2021

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2013: $1,457Liabilities 2013: $0Net Assets 2013: $1,4572013Assets 2014: $33,966Liabilities 2014: $02014Assets 2015: $49,218Liabilities 2015: $0Net Assets 2015: $49,2182015Assets 2016: $159,600Liabilities 2016: $0Net Assets 2016: $159,6002016Assets 2017: $188,296Liabilities 2017: $0Net Assets 2017: $188,2962017Assets 2018: $204,995Liabilities 2018: $0Net Assets 2018: $204,9952018Assets 2019: $207,695Liabilities 2019: $0Net Assets 2019: $207,6952019Assets 2020: $1,030,635Liabilities 2020: $0Net Assets 2020: $1,030,6352020Assets 2021: $1,087,720Liabilities 2021: $0Net Assets 2021: $1,087,7202021Assets 2022: $1,057,250Liabilities 2022: $0Net Assets 2022: $1,057,2502022Assets 2023: $1,418,493Liabilities 2023: $0Net Assets 2023: $1,418,4932023Assets 2024: $1,494,491Liabilities 2024: $267Net Assets 2024: $1,494,2242024

Highlighted filing

2022

Assets$1,057,250
Liabilities$0
Net Assets$1,057,250

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $61,671Expenses 2013: $70,648Net Income 2013: -$8,9772013Revenue 2014: $146,596Expenses 2014: $114,087Net Income 2014: $32,5092014Revenue 2015: $176,037Expenses 2015: $160,785Net Income 2015: $15,2522015Revenue 2016: $261,822Expenses 2016: $153,187Net Income 2016: $108,6352016Revenue 2017: $141,774Expenses 2017: $120,514Net Income 2017: $21,2602017Revenue 2018: $250,196Expenses 2018: $234,699Net Income 2018: $15,4972018Revenue 2019: $195,813Expenses 2019: $185,407Net Income 2019: $10,4062019Revenue 2020: $1,132,140Expenses 2020: $297,912Net Income 2020: $834,2282020Revenue 2021: $515,149Expenses 2021: $495,047Net Income 2021: $20,1022021Revenue 2022: $816,624Expenses 2022: $845,953Net Income 2022: -$29,3292022Revenue 2023: $1,537,475Expenses 2023: $1,261,975Net Income 2023: $275,5002023Revenue 2024: $3,771,709Expenses 2024: $3,758,638Net Income 2024: $13,0712024

Highlighted filing

2022

Revenue$816,624
Expenses$845,953
Net Income-$29,329
Jump To
Filing Snapshot
Filing Period
Apr 1, 2021 to Mar 31, 2022
Signed
Aug 24, 2022
Return Version
2021v4.2
Gross Receipts
$1,220,113
Mission and Program Overview

Mission

World Childrens Project provides education opportunities to underprivileged children in developing nations around the world. This education prepares children to become thoughtful, contributing citizens in their local and global community. World Childrens Project completes this mission by partnering with educational institutions that provide a dual language, experiential learning centered curriculum in settings that integrate the local community and environment.

The mission of La Paz Global is to identify, create and grow schools around the world that embrace the Two Way Duel Immersion methodology of teaching.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$221,134$510,697▲ $289,563
Land, Buildings, and Equipment, Net$777,738$405,326▼ $372,412
Cash and Non-Interest-Bearing Accounts$88,848$141,227▲ $52,379
Total Assets$1,087,720$1,057,250▼ $30,470
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$777,738$795,221▲ $17,483
Net Assets Without Donor Restrictions$309,982$262,029▼ $47,953
Total Net Assets Fund Balance$1,087,720$1,057,250▼ $30,470
Total Liabilities and Net Assets / Fund Balance$1,087,720$1,057,250▼ $30,470

Asset Categories

AssetBook ValueDepreciationBasis
Land$405,326--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$218,104$313,904--$504,508
2021$130,721$62,269▲ $37,114-$218,104
2020$114,035$40,026▼ $8,290-$130,721
2019$116,627-▼ $2,567-$114,035
2018$112,749-▲ $3,903-$116,627
Compensation and Service Providers

Board Members and Trustees

NameTitle
Anne-Marie CorredorPresident
Heather HughesBoard Member
Kamal SirageldinBoard Member
Fionna FallonSecretary
Teg GrenagerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$800,801
Program Service Revenue
$0
Investment Income
$15,823
Other Revenue
$0
All Other Contributions
$800,801
Change in Net Assets
$-29,329
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$826,541
Other Expenses$18,574
Total Fundraising Expense$930
Professional Fundraising Fees$838
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$826,541--$826,541
All Other Expenses$11,342$221$58$11,621
Fees for Services Accounting$1,366$27$7$1,400
Fees for Services Professional Fundraising--$838$838
Other Expenses$776$15$4$795
Office Expenses$480$9$2$491
Total Functional Expenses$844,671$352$930$845,953
International Activity

International Summary

Spending
$826,500

International Compliance

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

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanProgram servicesEducation Scholarshi--$826,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$838
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Organizational document changes Part VI line 4

The organization changed the name from World Childrens Project to La Paz Global and updated the mission statement.

Form 990 governing body review Part VI line 11

La Paz Global engages an external accounting firm to prepare annual financial statements and tax returns, as well as to provide advice on various 501(c)(3) tax and accounting compliance matters as needed. The accounting firm distributes the various year-end reports to the Secretary and Development Director for review and further distribution to, and approval by the Board of Directors.

Conflict of interest policy compliance Part VI line 12C

The Board of Directors monitors and enforces La Paz Globals conflict of interest policy. Any conflicts of interest will be presented to the Board of Directors for review, investigation, and determination. The Board will conduct periodic reviews of this policy and its intent.

Governing documents etc available to public Part VI line 19

Publish financials on Guidestar, website, and willing to provide to anyone who inquires directly.

Filing and Contact Details

Filer

Filer Name
La Paz Global
EIN
42-1649091
Address
2550 W 22nd Ave, Eugene, OR 97405

Signing Officer

Name
Anne-Marie Corredor
Title
President
Phone
5414613304
Signed
2022-08-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anne-Marie Corredor
Formed
2004
Legal Domicile
Or
Voting Board Members
5
Independent Board Members
0
Employees
0

Preparer

Firm
All Pro Accounting & Tax Inc
Address
PO Box 2934, Oregon City, OR 97045
Preparer
Deborah Brown
Phone
5036804080
Supplemental Narrative

Additional Explanations

Significant program services not listed on prior year return Part III line 2

Facility Services - La Paz Global has created a new program to support the opening of Two Way Dual Immersion schools in areas identified to have large socio-economic gaps within their communities. The program began in 2020 with a large donation from a private foundation and is now a new area of focus to bridge the gaps of inequality in these areas. The program is 100% funded by private donations. The facilities services program also identifies existing schools that follow the Dual Immersion model that need improvements in existing schools.

Cessation of or significant change to any program service Part III line 3

La Paz Global is no longer providing Covid Outreach program services.

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IRS990/ProgSrvcAccomActy2Grp/Desc0Student Scholarships: La Paz Global scholarship donations prepare dedicated, talented, and exceptional underprivileged children to lead their communities and our world into the future. La Paz Global partner school, La Paz Community School, integrates local underprivileged youth into the program at a young age in order to help them preserve the unique local traditions and ecology while celebrating the peaceful integration of foreign cultures and ideas into the community.
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Central America and the Caribbean
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Education Scholarshi
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program services
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization changed the name from World Childrens Project to La Paz Global and updated the mission statement.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1La Paz Global engages an external accounting firm to prepare annual financial statements and tax returns, as well as to provide advice on various 501(c)(3) tax and accounting compliance matters as needed. The accounting firm distributes the various year-end reports to the Secretary and Development Director for review and further distribution to, and approval by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors monitors and enforces La Paz Globals conflict of interest policy. Any conflicts of interest will be presented to the Board of Directors for review, investigation, and determination. The Board will conduct periodic reviews of this policy and its intent.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Publish financials on Guidestar, website, and willing to provide to anyone who inquires directly.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Facility Services - La Paz Global has created a new program to support the opening of Two Way Dual Immersion schools in areas identified to have large socio-economic gaps within their communities. The program began in 2020 with a large donation from a private foundation and is now a new area of focus to bridge the gaps of inequality in these areas. The program is 100% funded by private donations. The facilities services program also identifies existing schools that follow the Dual Immersion model that need improvements in existing schools.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5La Paz Global is no longer providing Covid Outreach program services.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Organizational document changes Part VI line 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Significant program services not listed on prior year return Part III line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Cessation of or significant change to any program service Part III line 3
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Anne-Marie Corredor
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum05414613304
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-08-24
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ReturnHeader/Filer/USAddress/AddressLine1Txt02550 W 22nd Ave
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