Civic Intelligence

Phit World Foundation Inc.

990 • Fiscal year 2021 • EIN 46-3861749

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

Organization ProfilePHITAMERICA.ORG
1032 15th Street NW Suite 108Washington, DC 20005

(561) 529-2989

Siviq Scores

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

Liabilities / Assets

51st percentile

0.03x

Higher debt load relative to assets than 51% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

53rd percentile

0.04x

Higher debt load relative to revenue than 53% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

85th percentile

47%

Higher net margin than 85% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

59th percentile

$24,000

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

69th percentile

24%

Faster asset growth than 69% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

60th percentile

25%

Faster revenue growth than 60% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets51st percentile

Assets

Up

$727,111

Up $139,846 (+24%) from 2020

Net Assets

Up

$707,877

Up $278,160 (+65%) from 2020

Liabilities

Down

$19,234

Down $138,314 (-88%) from 2020

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin85th percentile

Revenue

Up

$533,996

Up $108,148 (+25%) from 2020

Expenses

Down

$280,836

Down $456,736 (-62%) from 2020

Net Income

Up

$253,160

Up $564,884 (+181%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth69th percentile

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

$1.0M$500K$0Assets 2018: $52,391Liabilities 2018: $1,974Net Assets 2018: $50,4172018Assets 2019: $971,956Liabilities 2019: $224,267Net Assets 2019: $747,6892019Assets 2020: $587,265Liabilities 2020: $157,548Net Assets 2020: $429,7172020Assets 2021: $727,111Liabilities 2021: $19,234Net Assets 2021: $707,8772021Assets 2022: $699,719Liabilities 2022: $44,357Net Assets 2022: $655,3622022Assets 2023: $650,510Liabilities 2023: $28,877Net Assets 2023: $621,6332023Assets 2024: $553,805Liabilities 2024: $33,813Net Assets 2024: $519,9922024

Highlighted filing

2021

Assets$727,111
Liabilities$19,234
Net Assets$707,877
Open 2021 Filing

Operations Trend

Revenue Growth60th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2018: $84,500Expenses 2018: $59,427Net Income 2018: $25,0732018Revenue 2019: $1,312,230Expenses 2019: $615,008Net Income 2019: $697,2222019Revenue 2020: $425,848Expenses 2020: $737,572Net Income 2020: -$311,7242020Revenue 2021: $533,996Expenses 2021: $280,836Net Income 2021: $253,1602021Revenue 2022: $529,850Expenses 2022: $582,365Net Income 2022: -$52,5152022Revenue 2023: $492,409Expenses 2023: $526,365Net Income 2023: -$33,9562023Revenue 2024: $881,754Expenses 2024: $983,276Net Income 2024: -$101,5222024

Highlighted filing

2021

Revenue$533,996
Expenses$280,836
Net Income$253,160
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.0
Gross Receipts
$533,996
Mission and Program Overview

Mission

To improve health and academic results to children throughout the usa by providing all kids with increased physical activity programs and helping children afford to play organized sports. By doing this we create many more active kids that are healthier and better students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$328,846$328,843▼ $3
Cash and Non-Interest-Bearing Accounts$126,701$274,628▲ $147,927
Accounts Receivable$130,000--
Inventories for Sale or Use-$121,425-
Prepaid Expenses and Deferred Charges$1,718$2,215▲ $497
Total Assets$587,265$727,111▲ $139,846
Liabilities
Deferred Revenue$155,000--
Accounts Payable and Accrued Expenses$2,485$19,234▲ $16,749
Other Liabilities$63--
Total Liabilities$157,548$19,234▼ $138,314
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$429,717$707,877▲ $278,160
Total Net Assets Fund Balance$429,717$707,877▲ $278,160
Total Liabilities and Net Assets / Fund Balance$587,265$727,111▲ $139,846
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jim BaughPresidentPT$24,000$24,000

Board Members and Trustees

NameTitle
Dave LandaBoard Member
John BallantineBoard Member
John McnultyBoard Member
Mike LettieriBoard Member
Rita MortBoard Member
Mike MaySecretary
Doug GordonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$533,974
Program Service Revenue
$0
Investment Income
$22
Other Revenue
$0
All Other Contributions
$533,974
Change in Net Assets
$253,160
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$247,781
Salaries, Compensation, and Employee Benefits$24,000
Grants and Similar Amounts Paid$9,055
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$74,662--$74,662
Advertising$34,792$33,960-$68,752
Fees for Services Accounting-$30,125-$30,125
Current Officers, Directors, Trustees, and Key Employees-$24,000-$24,000
Grants to Domestic Orgs$9,055--$9,055
Travel$752$6,144-$6,896
Office Expenses-$2,839-$2,839
Insurance-$1,598-$1,598
Other Expenses$1,747$1,582-$1,582
All Other Expenses$432--$432
Fees for Services Legal-$150-$150
Total Functional Expenses$124,315$156,521$0$280,836
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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

Form 990, Page 6, Part VI, Line 11B

“The form 990 was prepared by the outside accountants and reviewed by the treasurer. The form 990 was also presented at the board meeting for review and discussion before filing.”

Form 990, Page 6, Part VI, Line 12C

“Before the beginning of each year, each board member is required to review and sign a conflict of interst policy statement. If a conflict arises, the interested party discloses the conflict to the board. The conflict is then resolved by independent board members in the best interest of the organization.”

Form 990, Page 6, Part VI, Line 17

“New jersey, new mexico, north carolina, oregon, pennsylvania, rhode island, south carolina, tennessee, virginia, west virginia, wisconsin”

Form 990, Page 6, Part VI, Line 19

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Phit World Foundation Inc
EIN
46-3861749
Phone
5615292989
Address
1032 15TH STREET NW SUITE 108, WASHINGTON, DC 20005

Signing Officer

Name
Jim Baugh
Title
President
Phone
5615292989
Signed
2022-11-15

Organization Details

Principal Officer
Jim Baugh
Formed
2013
Legal Domicile
Fl
Voting Board Members
8
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Toal Murray Day & Lalor LLC
Address
130 ADMIRAL COCHRANE DR SUITE 200, ANNAPOLIS, MD 21401-7368
Preparer
Thaddeus N Toal CPA
Phone
4102240343
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To improve health and academic results to children throughout the usa by providing all kids with increased physical activity programs and helping children afford to play organized sports. By doing this we create many more active kids that are healthier and better students.”

Form 990, Page 2, Part III, Line 4D

“To improve health and academic results to children throughout the usa by providing all kids with increased physical activity programs and helping children afford to play organized sports. By doing this we create many more active kids that are healthier and better students.”

Form 990, Part IX, Line 11G

“Consulting fees 74,662 0 0”

Form 990, Part XI, Line 9

“Prior year adjustment 25,000”

Raw XML AppendixShowing 400 of 422 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt02485
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt019234
IRS990/AccountsReceivableGrp/BOYAmt0130000
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO IMPROVE HEALTH AND ACADEMIC RESULTS TO CHILDREN THROUGHOUT THE USA BY PROVIDING ALL KIDS WITH INCREASED PHYSICAL ACTIVITY PROGRAMS AND HELPING CHILDREN AFFORD TO PLAY ORGANIZED SPORTS. BY DOING THIS WE CREATE MANY MORE ACTIVE KIDS THAT ARE HEALTHIER AND BETTER STUDENTS.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt033960
IRS990/AdvertisingGrp/ProgramServicesAmt034792
IRS990/AdvertisingGrp/TotalAmt068752
IRS990/AllOtherContributionsAmt0533974
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0432
IRS990/AllOtherExpensesGrp/TotalAmt0432
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BooksInCareOfDetail/PersonNm0JIM BAUGH
IRS990/BooksInCareOfDetail/PhoneNum05615292989
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01032 15TH ST NW
IRS990/BooksInCareOfDetail/USAddress/CityNm0WASHINGTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0DC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0200051503
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0126701
IRS990/CashNonInterestBearingGrp/EOYAmt0274628
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt024000
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt024000
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0533974
IRS990/CYGrantsAndSimilarPaidAmt09055
IRS990/CYInvestmentIncomeAmt022
IRS990/CYOtherExpensesAmt0247781
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0253160
IRS990/CYSalariesCompEmpBnftPaidAmt024000
IRS990/CYTotalExpensesAmt0280836
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0533996
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0155000
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0TO IMPROVE HEALTH AND ACADEMIC RESULTS TO CHILDREN THROUGHOUT THE USA BY PROVIDING ALL KIDS WITH INCREASED PHYSICAL ACTIVITY PROGRAMS AND HELPING CHILDREN AFFORD TO PLAY ORGANIZED SPORTS. BY DOING THIS WE CREATE MANY MORE ACTIVE KIDS THAT ARE HEALTHIER AND BETTER STUDENTS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0124315
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt030125
IRS990/FeesForServicesAccountingGrp/TotalAmt030125
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0150
IRS990/FeesForServicesLegalGrp/TotalAmt0150
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt074662
IRS990/FeesForServicesOtherGrp/TotalAmt074662
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt030.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0JIM BAUGH
IRS990/Form990PartVIISectionAGrp/PersonNm1DOUG GORDON
IRS990/Form990PartVIISectionAGrp/PersonNm2MIKE MAY
IRS990/Form990PartVIISectionAGrp/PersonNm3DAVE LANDA
IRS990/Form990PartVIISectionAGrp/PersonNm4JOHN MCNULTY
IRS990/Form990PartVIISectionAGrp/PersonNm5JOHN BALLANTINE
IRS990/Form990PartVIISectionAGrp/PersonNm6RITA MORT
IRS990/Form990PartVIISectionAGrp/PersonNm7MIKE LETTIERI
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt024000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantAmt09055
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt09055
IRS990/GrantsToDomesticOrgsGrp/TotalAmt09055
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0533996
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01598
IRS990/InsuranceGrp/TotalAmt01598
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0121425
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt022
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt022
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO IMPROVE HEALTH AND ACADEMIC RESULTS TO CHILDREN THROUGHOUT THE USA BY PROVIDING ALL KIDS WITH INCREASED PHYSICAL ACTIVITY PROGRAMS AND HELPING CHILDREN AFFORD TO PLAY ORGANIZED SPORTS. BY DOING THIS WE CREATE MANY MORE ACTIVE KIDS THAT ARE HEALTHIER AND BETTER STUDENTS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0429717
IRS990/NetAssetsOrFundBalancesEOYAmt0707877
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0429717
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0707877
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02839
IRS990/OfficeExpensesGrp/TotalAmt02839
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt025000
IRS990/OtherExpensesGrp/Desc0IN-KIND EXPENSE
IRS990/OtherExpensesGrp/Desc1CORPORATE FILING FEES
IRS990/OtherExpensesGrp/Desc2HARDWARE/SOFTWARE
IRS990/OtherExpensesGrp/Desc3BANK FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt052152
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12944
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21027
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31582
IRS990/OtherExpensesGrp/ProgramServicesAmt02875
IRS990/OtherExpensesGrp/ProgramServicesAmt11747
IRS990/OtherExpensesGrp/TotalAmt052152
IRS990/OtherExpensesGrp/TotalAmt15819
IRS990/OtherExpensesGrp/TotalAmt22774
IRS990/OtherExpensesGrp/TotalAmt31582
IRS990/OtherLiabilitiesGrp/BOYAmt063
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01718
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02215
IRS990/PrincipalOfficerNm0JIM BAUGH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActyOtherGrp/Desc0TO IMPROVE HEALTH AND ACADEMIC RESULTS TO CHILDREN THROUGHOUT THE USA BY PROVIDING ALL KIDS WITH INCREASED PHYSICAL ACTIVITY PROGRAMS AND HELPING CHILDREN AFFORD TO PLAY ORGANIZED SPORTS. BY DOING THIS WE CREATE MANY MORE ACTIVE KIDS THAT ARE HEALTHIER AND BETTER STUDENTS.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0421804
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0570000
IRS990/PYInvestmentIncomeAmt04044
IRS990/PYOtherExpensesAmt0143572
IRS990/PYRevenuesLessExpensesAmt0-311724
IRS990/PYSalariesCompEmpBnftPaidAmt024000
IRS990/PYTotalExpensesAmt0737572
IRS990/PYTotalRevenueAmt0425848
IRS990/ReconcilationRevenueExpnssAmt0253160
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0533996
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0328846
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0328843
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0533974
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0171804
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt037230
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt084500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt069539
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0897047
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt022
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04044
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt04066
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt022
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.87330
IRS990ScheduleA/PublicSupportPY170Pct00.66020
IRS990ScheduleA/PublicSupportTotal170Amt0786964
IRS990ScheduleA/SubstantialContributorsTotAmt0110083
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0533974
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0171804
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt037230
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt084500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt069539
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0897047
IRS990ScheduleA/TotalSupportAmt0901113
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO IMPROVE HEALTH AND ACADEMIC RESULTS TO CHILDREN THROUGHOUT THE USA BY PROVIDING ALL KIDS WITH INCREASED PHYSICAL ACTIVITY PROGRAMS AND HELPING CHILDREN AFFORD TO PLAY ORGANIZED SPORTS. BY DOING THIS WE CREATE MANY MORE ACTIVE KIDS THAT ARE HEALTHIER AND BETTER STUDENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO IMPROVE HEALTH AND ACADEMIC RESULTS TO CHILDREN THROUGHOUT THE USA BY PROVIDING ALL KIDS WITH INCREASED PHYSICAL ACTIVITY PROGRAMS AND HELPING CHILDREN AFFORD TO PLAY ORGANIZED SPORTS. BY DOING THIS WE CREATE MANY MORE ACTIVE KIDS THAT ARE HEALTHIER AND BETTER STUDENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE TREASURER. THE FORM 990 WAS ALSO PRESENTED AT THE BOARD MEETING FOR REVIEW AND DISCUSSION BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BEFORE THE BEGINNING OF EACH YEAR, EACH BOARD MEMBER IS REQUIRED TO REVIEW AND SIGN A CONFLICT OF INTERST POLICY STATEMENT. IF A CONFLICT ARISES, THE INTERESTED PARTY DISCLOSES THE CONFLICT TO THE BOARD. THE CONFLICT IS THEN RESOLVED BY INDEPENDENT BOARD MEMBERS IN THE BEST INTEREST OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NEW JERSEY, NEW MEXICO, NORTH CAROLINA, OREGON, PENNSYLVANIA, RHODE ISLAND, SOUTH CAROLINA, TENNESSEE, VIRGINIA, WEST VIRGINIA, WISCONSIN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONSULTING FEES 74,662 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PRIOR YEAR ADJUSTMENT 25,000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 17
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PHIT AMERICA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0461432776
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0MOVEMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt04
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01032 15TH ST NEW
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WASHINGTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0DC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd020005
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0AR
IRS990/StatesWhereCopyOfReturnIsFldCd1CA
IRS990/StatesWhereCopyOfReturnIsFldCd2FL
IRS990/StatesWhereCopyOfReturnIsFldCd3GA
IRS990/StatesWhereCopyOfReturnIsFldCd4HI
IRS990/StatesWhereCopyOfReturnIsFldCd5IL
IRS990/StatesWhereCopyOfReturnIsFldCd6KS
IRS990/StatesWhereCopyOfReturnIsFldCd7KY
IRS990/StatesWhereCopyOfReturnIsFldCd8MD
IRS990/StatesWhereCopyOfReturnIsFldCd9MI
IRS990/StatesWhereCopyOfReturnIsFldCd10MN
IRS990/StatesWhereCopyOfReturnIsFldCd11MS
IRS990/StatesWhereCopyOfReturnIsFldCd12NH
IRS990/StatesWhereCopyOfReturnIsFldCd13NJ
IRS990/StatesWhereCopyOfReturnIsFldCd14NM
IRS990/StatesWhereCopyOfReturnIsFldCd15NC
IRS990/StatesWhereCopyOfReturnIsFldCd16OR
IRS990/StatesWhereCopyOfReturnIsFldCd17PA
IRS990/StatesWhereCopyOfReturnIsFldCd18RI
IRS990/StatesWhereCopyOfReturnIsFldCd19SC
IRS990/StatesWhereCopyOfReturnIsFldCd20TN
IRS990/StatesWhereCopyOfReturnIsFldCd21VA
IRS990/StatesWhereCopyOfReturnIsFldCd22WV
IRS990/StatesWhereCopyOfReturnIsFldCd23WI
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0587265
IRS990/TotalAssetsEOYAmt0727111
IRS990/TotalAssetsGrp/BOYAmt0587265
IRS990/TotalAssetsGrp/EOYAmt0727111
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0533974
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0156521
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0124315
IRS990/TotalFunctionalExpensesGrp/TotalAmt0280836
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0157548
IRS990/TotalLiabilitiesEOYAmt019234
IRS990/TotalLiabilitiesGrp/BOYAmt0157548
IRS990/TotalLiabilitiesGrp/EOYAmt019234
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0429717
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0707877
IRS990/TotalProgramServiceExpensesAmt0124315
IRS990/TotalReportableCompFromOrgAmt024000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt022
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0533996
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0587265
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0727111
IRS990/TravelGrp/ManagementAndGeneralAmt06144
IRS990/TravelGrp/ProgramServicesAmt0752
IRS990/TravelGrp/TotalAmt06896
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01032 15TH ST NW
IRS990/USAddress/CityNm0WASHINGTON
IRS990/USAddress/StateAbbreviationCd0DC
IRS990/USAddress/ZIPCd0200051503
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0PHITAMERICA.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JIM BAUGH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05615292989
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PHIT WORLD FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0PHIT

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$727,111
Liabilities
$19,234
Net assets
$707,877
Revenue
$533,996
Expenses
$280,836
Net income
$253,160
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.03$0.52$0.88$0.98$0.10
2023Detailed filing. Detailed filing data is available for this year.$0.65$0.03$0.62$0.49$0.53$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.70$0.04$0.66$0.53$0.58$0.05
2021Detailed filing. Detailed filing data is available for this year.$0.73$0.02$0.71$0.53$0.28$0.25
2020Detailed filing. Detailed filing data is available for this year.$0.59$0.16$0.43$0.43$0.74$0.31
2019Detailed filing. Detailed filing data is available for this year.$0.97$0.22$0.75$1.31$0.62$0.70
2018Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.08$0.06$0.03