Civic Intelligence

The Worldstar Foundation

EIN 47-4047453 • 501(c)3 • Los Angeles, CA

Revoked990-N Coverage

Profile

The worldstar foundation is a nonprofit corporation organized and operated exclusively for charitable purposes. The specific purpose of this organization is to provide much needed supplies to underprivileged students and individuals. We have developed two (2) programs in furtherance of our purposes.our first program is entitled: back 2 school giveaway. The purpose of this program is to provide much needed supplies to underprivileged students through an annual giving event.specifically, trough this program, we solicit donations of school supplies from the public, including but not limited to backpacks, pencil cases, pencils, erasers, paper folders and other items needed by students to use in furtherance of their educational endeavors. Every august, we then conduct an event and donate the collected school supplies to students of jamaica queens, new york for the purpose of providing the inner city youth with the essential tools for the upcoming school year. Each student is donated the sam

Revocation date: May 15, 2023

1880 Century Park EastLos Angeles, CA 90067

worldstarfoundation.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2017

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2017

Net Margin

7th percentile

-201%

Higher net margin than 7% of similar nonprofits.

501(c)3 • <$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.

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

Asset Growth

43rd percentile

-6.7%

Faster asset growth than 43% of similar nonprofits.

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

Revenue Growth

4th percentile

-100%

Faster revenue growth than 4% of similar nonprofits.

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

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$2,595

Down $185 (-6.7%) from 2016

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$2,595

Down $185 (-6.7%) from 2016

Operations
Liabilities / RevenueScore unavailableNet Margin7th percentile

Revenue

Down

$92

Down $32,043 (-100%) from 2016

Expenses

Down

$277

Down $44,952 (-99%) from 2016

Net Income

Up

-$185

Up $12,909 (+99%) from 2016

Trend Graphs

Balance Sheet Trend

Asset Growth43rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20K$15K$10K$5.0K$0Assets 2015: $15,874Net Assets 2015: $15,8742015Assets 2016: $2,780Net Assets 2016: $2,7802016Assets 2017: $2,595Net Assets 2017: $2,5952017

Highlighted filing

2017

Assets$2,595
Liabilities-
Net Assets$2,595
Open 2017 Filing

Operations Trend

Revenue Growth4th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2015: $94,674Expenses 2015: $78,800Net Income 2015: $15,8742015Revenue 2016: $32,135Expenses 2016: $45,229Net Income 2016: -$13,0942016Revenue 2017: $92Expenses 2017: $277Net Income 2017: -$1852017

Highlighted filing

2017

Revenue$92
Expenses$277
Net Income-$185
Open 2017 Filing

Filings

Most recent year

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

Open filing
Assets
$2,595
Liabilities
-
Net assets
$2,595
Revenue
$92
Expenses
$277
Net income
-$185
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$2.60$2.60$0.09$0.28$0.19
2016Detailed filing. Detailed filing data is available for this year.$2.78$2.78$32.1$45.2$13.1
2015Detailed filing. Detailed filing data is available for this year.$15.9$15.9$94.7$78.8$15.9
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 5, 2018
Return Version
2017v2.2
Gross Receipts
$92
Mission and Program Overview

Mission

The worldstar foundation is a nonprofit corporation organized and operated exclusively for charitable purposes. The specific purpose of this organization is to provide much needed supplies to underprivileged students and individuals. We have developed two (2) programs in furtherance of our purposes.our first program is entitled: back 2 school giveaway. The purpose of this program is to provide much needed supplies to underprivileged students through an annual giving event.specifically, trough this program, we solicit donations of school supplies from the public, including but not limited to backpacks, pencil cases, pencils, erasers, paper folders and other items needed by students to use in furtherance of their educational endeavors. Every august, we then conduct an event and donate the collected school supplies to students of jamaica queens, new york for the purpose of providing the inner city youth with the essential tools for the upcoming school year. Each student is donated the sam

Program Services

DescriptionGrantsExpenses
BACK 2 SCHOOL GIVEAWAY - PROVIDING MUCH NEEDED SUPPLIES TO UNDERPRIVILEGED STUDENTS THROUGH AN ANNUAL GIVING EVENT.SKID ROW CHRISTMAS GIVEAWAY - PROVIDING ESSENTIAL LIVING NECESSITIES TO HOMELESS AND UNDERPRIVILEGED INDIVIDUALS.$277-
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
GOBANA PEREZSecretaryPT$0--
LAURA CASTELLANOSSecretaryPT$0--
ED DWYERTrustee/DirectorPT$0--
DANIEL COTTONDirectorPT$0--
Filing and Contact Details

Filer

Filer Name
The Worldstar Foundation
EIN
47-4047453
Phone
3105521600
Address
1880 CENTURY PARK EAST, LOS ANGELES, CA 90067

Signing Officer

Name
Ed Dwyer
Title
Director/Trustee
Signed
2018-11-05
Discuss with paid preparer
Yes

Preparer

Firm
Gerber & Co Inc
Address
1880 CENTURY PARK EAST SUITE 200, LOS ANGELES, CA 90067-1602
Preparer
Selwyn Gerber
Phone
3105521600
Supplemental Narrative

Additional Explanations

Other Expenses.1

“DUES & SUBSCRIPTIONS $25”

Other Expenses.2

“LICENSES & PERMITS $10”

Raw XML Appendix129 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.

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IRS990EZ/OperateHospitalInd0false
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IRS990EZ/OrganizationDissolvedEtcInd0false
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IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt035
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IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE WORLDSTAR FOUNDATION IS A NONPROFIT CORPORATION ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES. THE SPECIFIC PURPOSE OF THIS ORGANIZATION IS TO PROVIDE MUCH NEEDED SUPPLIES TO UNDERPRIVILEGED STUDENTS AND INDIVIDUALS. WE HAVE DEVELOPED TWO (2) PROGRAMS IN FURTHERANCE OF OUR PURPOSES.OUR FIRST PROGRAM IS ENTITLED: BACK 2 SCHOOL GIVEAWAY. THE PURPOSE OF THIS PROGRAM IS TO PROVIDE MUCH NEEDED SUPPLIES TO UNDERPRIVILEGED STUDENTS THROUGH AN ANNUAL GIVING EVENT.SPECIFICALLY, TROUGH THIS PROGRAM, WE SOLICIT DONATIONS OF SCHOOL SUPPLIES FROM THE PUBLIC, INCLUDING BUT NOT LIMITED TO BACKPACKS, PENCIL CASES, PENCILS, ERASERS, PAPER FOLDERS AND OTHER ITEMS NEEDED BY STUDENTS TO USE IN FURTHERANCE OF THEIR EDUCATIONAL ENDEAVORS. EVERY AUGUST, WE THEN CONDUCT AN EVENT AND DONATE THE COLLECTED SCHOOL SUPPLIES TO STUDENTS OF JAMAICA QUEENS, NEW YORK FOR THE PURPOSE OF PROVIDING THE INNER CITY YOUTH WITH THE ESSENTIAL TOOLS FOR THE UPCOMING SCHOOL YEAR. EACH STUDENT IS DONATED THE SAM
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0BACK 2 SCHOOL GIVEAWAY - PROVIDING MUCH NEEDED SUPPLIES TO UNDERPRIVILEGED STUDENTS THROUGH AN ANNUAL GIVING EVENT.SKID ROW CHRISTMAS GIVEAWAY - PROVIDING ESSENTIAL LIVING NECESSITIES TO HOMELESS AND UNDERPRIVILEGED INDIVIDUALS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt0277
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
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IRS990EZ/StatesWhereCopyOfReturnIsFldCd0CA
IRS990EZ/SubjectToProxyTaxInd0false
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IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleA/First5Years170Ind0X
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt032135
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IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1LICENSES & PERMITS $10
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.2
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ReturnHeader/Filer/EIN0474047453
ReturnHeader/Filer/PhoneNum03105521600
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