Civic Intelligence

World Connect Inc.

990 • Fiscal year 2015 • EIN 56-2525151

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 15, 2016

6 Barclay Street 6th FloorNew York, NY 10007

(347) 563-7452

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.64x

Higher debt load relative to assets than 92% of similar nonprofits.

2015 filings • NTEE Q • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

89th percentile

0.19x

Higher debt load relative to revenue than 89% of similar nonprofits.

2015 filings • NTEE Q • $500k-$1M nonprofits • Source year 2015

Net Margin

9th percentile

-26%

Higher net margin than 9% of similar nonprofits.

2015 filings • NTEE Q • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

92nd percentile

$114,283

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 14.5% of source-year revenue.

2015 filings • NTEE Q • $500k-$1M nonprofits • Source year 2015

Asset Growth

7th percentile

-36%

Faster asset growth than 7% of similar nonprofits.

2015 filings • NTEE Q • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

62nd percentile

22%

Faster revenue growth than 62% of similar nonprofits.

2015 filings • NTEE Q • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$237,548

Down $133,132 (-36%) from 2014

Net Assets

Down

$85,736

Down $202,416 (-70%) from 2014

Liabilities

Up

$151,812

Up $69,284 (+84%) from 2014

Revenue

Up

$785,513

Up $142,702 (+22%) from 2014

Expenses

Up

$987,929

Up $372,850 (+61%) from 2014

Net Income

Down

-$202,416

Down $230,148 (-830%) from 2014

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 2010: $964,634Liabilities 2010: $22,915Net Assets 2010: $941,7192010Assets 2011: $635,822Liabilities 2011: $8,079Net Assets 2011: $627,7432011Assets 2012: $434,635Liabilities 2012: $11,708Net Assets 2012: $422,9272012Assets 2013: $335,625Liabilities 2013: $75,205Net Assets 2013: $260,4202013Assets 2014: $370,680Liabilities 2014: $82,528Net Assets 2014: $288,1522014Assets 2015: $237,548Liabilities 2015: $151,812Net Assets 2015: $85,7362015Assets 2016: $318,726Liabilities 2016: $185,803Net Assets 2016: $132,9232016Assets 2017: $565,897Liabilities 2017: $242,498Net Assets 2017: $323,3992017Assets 2018: $1,045,371Liabilities 2018: $418,182Net Assets 2018: $627,1892018Assets 2019: $806,606Liabilities 2019: $39,616Net Assets 2019: $766,9902019Assets 2020: $1,087,497Liabilities 2020: $190,263Net Assets 2020: $897,2342020Assets 2021: $1,270,672Liabilities 2021: $72,652Net Assets 2021: $1,198,0202021Assets 2022: $1,841,564Liabilities 2022: $164,142Net Assets 2022: $1,677,4222022Assets 2023: $1,437,505Liabilities 2023: $318,632Net Assets 2023: $1,118,8732023Assets 2024: $2,441,613Liabilities 2024: $154,517Net Assets 2024: $2,287,0962024

Highlighted filing

2015

Assets$237,548
Liabilities$151,812
Net Assets$85,736

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $2,260,8112010Expenses 2011: $739,5492011Expenses 2012: $575,8602012Revenue 2013: $445,260Expenses 2013: $607,767Net Income 2013: -$162,5072013Revenue 2014: $642,811Expenses 2014: $615,079Net Income 2014: $27,7322014Revenue 2015: $785,513Expenses 2015: $987,929Net Income 2015: -$202,4162015Revenue 2016: $987,455Expenses 2016: $940,268Net Income 2016: $47,1872016Revenue 2017: $1,362,702Expenses 2017: $1,172,226Net Income 2017: $190,4762017Revenue 2018: $1,849,392Expenses 2018: $1,545,602Net Income 2018: $303,7902018Revenue 2019: $1,997,621Expenses 2019: $1,943,310Net Income 2019: $54,3112019Revenue 2020: $1,847,024Expenses 2020: $1,716,780Net Income 2020: $130,2442020Revenue 2021: $2,125,388Expenses 2021: $1,824,602Net Income 2021: $300,7862021Revenue 2022: $2,462,848Expenses 2022: $1,969,093Net Income 2022: $493,7552022Revenue 2023: $2,075,392Expenses 2023: $2,661,207Net Income 2023: -$585,8152023Revenue 2024: $3,475,765Expenses 2024: $2,298,794Net Income 2024: $1,176,9712024

Highlighted filing

2015

Revenue$785,513
Expenses$987,929
Net Income-$202,416
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 15, 2016
Return Version
2015v2.0
Gross Receipts
$880,783
Mission and Program Overview

Mission

World connect is a non-profit that advances global development and global engagement. Recognizing the pivotal role that local leaders and institutions play in sustainable global development, we empower grassroots local leaders, often women, to tackle their own challenges. Besides our initial investment in innovative projects, we offer ongoing support guidance, and funding as a continuing commitment to these projects sustainability and scalability.

world connect advances opportunity for women and children in the developing world by promoting health, protecting the environment, and increasing education and economic opportunity through small grant funded projects that are locally designed, developed, and led.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$329,837$93,679▼ $236,158
Pledges and Grants Receivable$37,897$91,804▲ $53,907
Accounts Receivable-$50,000-
Intangible Assets$1,365$1,650▲ $285
Prepaid Expenses and Deferred Charges$564$0▼ $564
Land, Buildings, and Equipment, Net$1,017$415▼ $602
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$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-
Inventories for Sale or Use-$0-
Total Assets$370,680$237,548▼ $133,132
Other Assets Total-$0-
Liabilities
Grants Payable$67,602$126,863▲ $59,261
Accounts Payable and Accrued Expenses$14,926$24,949▲ $10,023
Total Liabilities$82,528$151,812▲ $69,284
Net Assets / Fund Balance
Temporarily Rstr Net Assets$67,409$122,409▲ $55,000
Unrestricted Net Assets$220,743$-36,673▼ $257,416
Total Net Assets Fund Balance$288,152$85,736▼ $202,416
Total Liabilities and Net Assets / Fund Balance$370,680$237,548▼ $133,132

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$415$1,706$2,121
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
pamela nathenson mphExecutive DirectorFT$110,250$4,033$114,283

Board Members and Trustees

NameTitle
george biddleChairman
diane liftonDirector
jj rambergDirector
john adamsDirector
julia haneyDirector
maura mccarthyDirector
robert hechtDirector
stephanie cabotDirector
william haneyDirector
courtenay cabot ventonSecretary
james huntTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$816,785
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-31,272
All Other Contributions
$645,756
Change in Net Assets
$-202,416

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 Traded3$154,269Fair Market Value (FMV)
Total Noncash Contributions3$154,269-

Audited Revenue Reconciliation

Revenue per Audited Statements
$785,513
Revenue Not Reported on Form 990
$24,613
Total Revenue per Audited Statements
$810,126
Total Revenue per Form 990
$785,513
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$425,175
Salaries, Compensation, and Employee Benefits$361,515
Other Expenses$183,739
Total Fundraising Expense$106,361
Professional Fundraising Fees$17,500

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$425,175--$425,175
Current Officers, Directors, Trustees, and Key Employees$212,537$81,366$35,672$329,575
Travel$26,695$10,678$4,276$41,649
Information Technology$5,161$24,742-$29,903
Payroll Taxes$16,030$5,946$2,352$24,328
Fees for Services Professional Fundraising--$17,500$17,500
Advertising$4,750$1,500$10,513$16,763
Occupancy$8,846$6,514$993$16,353
Fees for Services Accounting-$12,938-$12,938
Insurance-$9,877-$9,877
Other Employee Benefits$4,461$1,621$1,530$7,612
All Other Expenses$1,537$2,798$196$4,531
Office Expenses$234$3,396$468$4,098
Other Expenses$1,383$2,241$155$3,779
Fees for Services Legal$1,200--$1,200
Depreciation Depletion-$602-$602
Total Functional Expenses$711,506$170,062$106,361$987,929

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,012,542
Expenses per Audited Statements$987,929
Total Expenses per Form 990$987,929
Expenses Not Reported on Form 990$24,613
International Activity

International Summary

Spending
$425,175

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
sub-saharan africaprog. services - grantsgrants to recipients00$139,453
central americaprog. services - grantsgrants to recipients00$130,113
middle eastprog. services - grantsgrants to recipients00$54,914
east asia and pacificprog. services - grantsgrants to recipients00$52,299
south americaprog. services - grantsgrants to recipients00$39,465
europeprog. services - grantsgrants to recipients00$8,931
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$95,270
Fundraising Gross Income$63,600
Professional Fundraising Fees$17,500

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Benefit Dinner$234,629$63,600$16,290$47,310
Total Events$234,629$63,600$95,270$-31,670
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
Audit committee
Yes
Backup withholding compliance
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
Yes
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, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Two board members are related - father and daughter. Two board members have a business relationship with each other.

Form 990, Part VI, Line 11B: Form 990 Review Process

The board of directors review and approve the 990 prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The purpose of the policy is to avoid potential conflicts arising between private interests of board memeber and key staff and his/her responsibilities to the organization. On an annual basis each board m,ember and key staff reviews the policy and signs a conflict disclosure form. If any are disclosed the board will meet and review to determine appropriate action.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Compensation of the executive director was determined by the board of directors who reviewed compensation of comparable organizations.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

990 is available on guidestar.org

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

All documents or financials are made available upon request.the 990 is also available at guidestar.org

Filing and Contact Details

Filer

Filer Name
World Connect Inc
EIN
56-2525151
Phone
3475637452
Address
6 BARCLAY STREET 6TH FLOOR, NEW YORK, NY 10007

Signing Officer

Name
pamela nathenson mph
Title
Executive Director
Signed
2016-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Pamela Nathenson Mph
Formed
2005
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
11
Employees
4
Volunteers
3

Preparer

Firm
Lederer Levine & Associates LLC
Address
1099 Wall St West Suite 280, Lyndhurst, NJ 07071
Preparer
Kenneth J Lederer
Phone
2019333780
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Organization's accounting policy is to provide liabilities for uncertain tax positions when a liability is probable and estimable. Management is not aware of any violation of its tax status as an organization exempt from income taxes, nor of any exposure to unrelated business income tax.

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IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
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IRS990/Organization501c3Ind0X
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01621
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IRS990/OtherExpensesGrp/Desc0OTHER EVENT COSTS
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IRS990/OtherExpensesGrp/FundraisingAmt3155
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IRS990/PrincipalOfficerNm0PAMELA NATHENSON MPH
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.44$0.15$2.29$3.48$2.30$1.18
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.44$0.32$1.12$2.08$2.66$0.59
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.84$0.16$1.68$2.46$1.97$0.49
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$0.07$1.20$2.13$1.82$0.30
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.19$0.90$1.85$1.72$0.13
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.04$0.77$2.00$1.94$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.05$0.42$0.63$1.85$1.55$0.30
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.57$0.24$0.32$1.36$1.17$0.19
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.32$0.19$0.13$0.99$0.94$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.24$0.15$0.09$0.79$0.99$0.20
2014Detailed filing. Detailed filing data is available for this year.$0.37$0.08$0.29$0.64$0.62$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.34$0.08$0.26$0.45$0.61$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.01$0.42$0.58
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.64$0.01$0.63$0.74
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.96$0.02$0.94$2.26