Liabilities / Assets
73rd percentile
Higher debt load relative to assets than 73% of similar nonprofits.
Marco Polo World Foundation Inc.
990EZ • Fiscal year 2015 • EIN 80-0210415
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.06x
Liabilities / Revenue
76th percentile
Higher debt load relative to revenue than 76% of similar nonprofits.
Net Margin
91st percentile
Higher net margin than 91% of similar nonprofits.
Top Officer Pay
75th percentile
Higher top officer pay than 75% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
87th percentile
Faster asset growth than 87% of similar nonprofits.
Revenue Growth
16th percentile
Faster revenue growth than 16% of similar nonprofits.
Balance Sheet
Assets
Up$64,250
Up $25,098 (+64%) from 2014
Net Assets
Up$60,406
Up $34,229 (+131%) from 2014
Liabilities
Down$3,844
Down $9,131 (-70%) from 2014
Revenue And Expenses
Revenue
Down$74,255
Down $35,063 (-32%) from 2014
Expenses
Down$40,026
Down $85,712 (-68%) from 2014
Net Income
Up$34,229
Up $50,649 (+308%) from 2014
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2015 to Dec 31, 2015
- Signed
- Sep 15, 2016
- Return Version
- 2015v2.1
- Gross Receipts
- $74,255
Mission and Program Overview
Mission
Asian american community contrubutions
Program Services
| Description | Grants | Expenses |
|---|---|---|
| HIGHLIGHT RICH CULTURAL DIVERSITY OF ASIAN AMERICAN AND THEIR CONTRIBUTIONS TO THE ATTRACTIVE LIFE STYLE OFFERED IN NORTH AMERICA | $74,255 | $40,025 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| MEILAN WANG | President | FT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Marco Polo World Foundation Inc
- EIN
- 80-0210415
- Address
- 1209 VALLEY VISTA DR, IRVING, TX 75063
Signing Officer
- Name
- Meilan Wang
- Title
- President
- Signed
- 2016-09-15
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Omotayo Financial Services LLC
- Address
- 12655 CENTRAL EXPY STE 1016, Dallas, TX 75243
- Preparer
- Adedamola Omotayo
- Phone
- 2146460300
Supplemental Narrative
Additional Explanations
General explanation attachment
“Organizations mission is to promote the new sport of dragon boating in the dfw region, showcase asian culture, enhance intercultural understand and celebrate asian/pacific heritage month. The festival works with privatand public sector partners and community organizations to encourage regional and international participation.”
Description of other expenses Part I line 16
“Description amountscholarships awards 900advertising 4,055office exp 1,763storage 1,344misc exp 52public relationship 2,827festival exp 7,415payroll tax 2,337sponsor commission 1,000”
Description of other assets Part II line 24
“Category beginning of year end of yearreceivable 0 3,075”
Description of total liabilities Part II line 26
“Category beginning of year end of yeartotal liabilities 12,975 3,844”
Raw XML Appendix150 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 |
|---|---|---|
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 0 | MEILAN WANG |
| CompensationExplanation/CompensationExplanationGrp/ShortExplanationTxt | 0 | PRESIDENT |
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | MEILAN WANG |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 9729109985 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1209 VALLEY VISTA DR |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | IRVING |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TX |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 75063 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 39152 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 61175 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 74255 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 34229 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 895 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 39152 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 64250 |
| IRS990EZ/GrossReceiptsAmt | 0 | 74255 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 0 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 26177 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 60406 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 26177 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 60406 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 17403 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 40.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | MEILAN WANG |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 3075 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 21693 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | ASIAN AMERICAN COMMUNITY CONTRUBUTIONS |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 35 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | HIGHLIGHT RICH CULTURAL DIVERSITY OF ASIAN AMERICAN AND THEIR CONTRIBUTIONS TO THE ATTRACTIVE LIFE STYLE OFFERED IN NORTH AMERICA |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 74255 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 40025 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 12975 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 3844 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 40026 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 40025 |
| IRS990EZ/TotalRevenueAmt | 0 | 74255 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | HTTP://WWW.MARCOPOLOWORLDFOUNDATION.ORG/ |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 74105 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 109178 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 77900 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 72370 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 85969 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 419522 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 74105 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 109178 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 77900 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 72370 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 85969 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 419522 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 74105 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt | 0 | 109178 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt | 0 | 77900 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt | 0 | 72370 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt | 0 | 85969 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 419522 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.50000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.50000 |
| IRS990ScheduleA/PrivateFoundation509Ind | 0 | X |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.50000 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 0.50000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 419522 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 74105 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 109178 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 77900 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 72370 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 85969 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 419522 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 148210 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 218356 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 155800 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 144740 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 171938 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 839044 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | ORGANIZATIONS MISSION IS TO PROMOTE THE NEW SPORT OF DRAGON BOATING IN THE DFW REGION, SHOWCASE ASIAN CULTURE, ENHANCE INTERCULTURAL UNDERSTAND AND CELEBRATE ASIAN/PACIFIC HERITAGE MONTH. THE FESTIVAL WORKS WITH PRIVATAND PUBLIC SECTOR PARTNERS AND COMMUNITY ORGANIZATIONS TO ENCOURAGE REGIONAL AND INTERNATIONAL PARTICIPATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION AMOUNTSCHOLARSHIPS AWARDS 900ADVERTISING 4,055OFFICE EXP 1,763STORAGE 1,344MISC EXP 52PUBLIC RELATIONSHIP 2,827FESTIVAL EXP 7,415PAYROLL TAX 2,337SPONSOR COMMISSION 1,000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | CATEGORY BEGINNING OF YEAR END OF YEARRECEIVABLE 0 3,075 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | CATEGORY BEGINNING OF YEAR END OF YEARTOTAL LIABILITIES 12,975 3,844 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | General explanation attachment |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Description of other expenses Part I line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Description of other assets Part II line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Description of total liabilities Part II line 26 |
| ReturnHeader/BuildTS | 0 | 2017-02-10 21:41:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MEILAN WANG |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2016-09-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | MARCO POLO WORLD FOUNDATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MARC |
| ReturnHeader/Filer/EIN | 0 | 800210415 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1209 VALLEY VISTA DR |
| ReturnHeader/Filer/USAddress/CityNm | 0 | IRVING |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 75063 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 453133590 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | OMOTAYO FINANCIAL SERVICES LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 12655 CENTRAL EXPY STE 1016 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Dallas |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 75243 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2146460300 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2016-09-30 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Adedamola Omotayo |
| ReturnHeader/ReturnTs | 0 | 2016-09-30T11:18:04-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2015-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2015-12-31 |
| ReturnHeader/TaxYr | 0 | 2015 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $64,250
- Liabilities
- $3,844
- Net assets
- $60,406
- Revenue
- $74,255
- Expenses
- $40,026
- Net income
- $34,229