Civic Intelligence

Welcome World Foundation Inc

EIN 99-3916548 • 501(c)3 • Newark, NJ

NTEE N12

Profile

Welcome world foundation was formed in the summer of 2024 with the intention to support the city of new york, and the state of new jersey's joint hosting of eight fifa world cup 2026 soccer matches in the region, including the final. The foundation will coordinate with its affiliate organization, the new york new jersey 2026 world cup host committee, inc., a nonprofit 501(c)(6), to welcome the global community to our region to witness the "beautiful game" at its highest level.

11-43 Raymond Plaza West 1420Newark, NJ 07102

n/A

Siviq Scores

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

Liabilities / Assets

95th percentile

1.14x

Higher debt load relative to assets than 95% of similar nonprofits.

NTEE N • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

1.42x

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

NTEE N • $1M-$5M nonprofits • Source year 2024

Net Margin

10th percentile

-18%

Higher net margin than 10% of similar nonprofits.

NTEE N • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

61st percentile

$0

Higher top officer pay than 61% of similar nonprofits.

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

NTEE N • $1M-$5M nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Assets

$1,374,922

No earlier filing loaded for comparison.

Liabilities

$1,572,562

No earlier filing loaded for comparison.

Net Assets

-$197,640

No earlier filing loaded for comparison.

Revenue

$1,103,610

No earlier filing loaded for comparison.

Expenses

$1,301,250

No earlier filing loaded for comparison.

Net Income

-$197,640

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2024: $1,374,922Liabilities 2024: $1,572,562Net Assets 2024: -$197,6402024

Highlighted filing

2024

Assets$1,374,922
Liabilities$1,572,562
Net Assets-$197,640

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2024: $1,103,610Expenses 2024: $1,301,250Net Income 2024: -$197,6402024

Highlighted filing

2024

Revenue$1,103,610
Expenses$1,301,250
Net Income-$197,640

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.37$1.57$0.20$1.10$1.30$0.20
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 11, 2025
Return Version
2024v5.2
Gross Receipts
$1,103,610
Mission and Program Overview

Mission

Welcome world foundation was formed in the summer of 2024 with the intention to support the city of new york, and the state of new jersey's joint hosting of eight fifa world cup 2026 soccer matches in the region, including the final. The foundation will coordinate with its affiliate organization, the new york new jersey 2026 world cup host committee, inc., a nonprofit 501(c)(6), to welcome the global community to our region to witness the "beautiful game" at its highest level.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$1,374,922-
Total Assets$0$1,374,922▲ $1,374,922
Liabilities
Other Liabilities$0$1,300,000▲ $1,300,000
Deferred Revenue-$271,390-
Accounts Payable and Accrued Expenses-$1,172-
Total Liabilities$0$1,572,562▲ $1,572,562
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$0$-197,640▼ $197,640
Total Net Assets Fund Balance$0$-197,640▼ $197,640
Total Liabilities and Net Assets / Fund Balance$0$1,374,922▲ $1,374,922
Compensation and Service Providers

Board Members and Trustees

NameTitle
Wesley MathewsPresident
Zakiya Smith-ellisSecretary
Natalie KoepffTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,103,610
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,103,610
Change in Net Assets
$-197,640
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,301,250
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$1,300,000-$1,300,000
Fees for Services Accounting-$1,173-$1,173
Office Expenses-$77-$77
Total Functional Expenses$0$1,301,250$0$1,301,250
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$1,300,000
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization has a management agreement for certain administrative and consulting services with the new york / new jersey 2026 world cup host committee. The new york / new jersey 2026 world cup host committee shall provide financial and accounting, insurance, legal and human resource management to the organization. The new york / new jersey 2026 world cup host committee was paid $1,300,00 for services provided in 2024. There were no board members compensated by the management company.

Form 990, Part VI, Section A, Line 8B

There are no committees that act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

The organization has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by management and is ready to be filed with the internal revenue service, it is electronically sent to the board members of the organization for any comments. Any comments are then grouped, summarized and provided to the outside accountants. Each issue is documented and addressed until the return is finalized and approved for filing.

Form 990, Part VI, Section B, Line 12C

The organization's conflict of interest policy applies to all board members and is monitored by the governing board. Annual disclosure forms are not currently required. If the governing board or a committee has reasonable cause to believe that a member has failed to disclose an actual or possible conflict of interest, it will inform the member of the basis for such belief and provide an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and making further investigation as warranted by the circumstances, the governing board or committee determines that the member has failed to disclose an actual or possible conflict of interest, it will take appropriate disciplinary and corrective action.

Form 990, Part VI, Section C, Line 19

The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, governing documents, and form 1024 are also available upon written request or by calling the organization directly.

Filing and Contact Details

Filer

Filer Name
Welcome World Foundation Inc
EIN
99-3916548
Phone
9178565284
Address
11-43 RAYMOND PLAZA WEST 1420, NEWARK, NJ 07102

Signing Officer

Name
Alex Lasry
Title
CEO
Phone
9178565284
Signed
2025-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alex Lasry
Formed
2024
Legal Domicile
Nj
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
PKF O'CONNOR DAVIES ADVISORY LLC
Address
500 MAMARONECK AVENUE SUITE 301, HARRISON, NY 10528-1633
Preparer
Garrett M Higgins
Phone
9143818900
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS A MANAGEMENT AGREEMENT FOR CERTAIN ADMINISTRATIVE AND CONSULTING SERVICES WITH THE NEW YORK / NEW JERSEY 2026 WORLD CUP HOST COMMITTEE. THE NEW YORK / NEW JERSEY 2026 WORLD CUP HOST COMMITTEE SHALL PROVIDE FINANCIAL AND ACCOUNTING, INSURANCE, LEGAL AND HUMAN RESOURCE MANAGEMENT TO THE ORGANIZATION. THE NEW YORK / NEW JERSEY 2026 WORLD CUP HOST COMMITTEE WAS PAID $1,300,00 FOR SERVICES PROVIDED IN 2024. THERE WERE NO BOARD MEMBERS COMPENSATED BY THE MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO COMMITTEES THAT ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD MEMBERS OF THE ORGANIZATION FOR ANY COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE OUTSIDE ACCOUNTANTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING.
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IRS990/TotalContributionsAmt01103610
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01301250
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01301250
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt01572562
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt01572562
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-197640
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01103610
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01374922
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd01
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt011-43 RAYMOND PLAZA WEST 1420
IRS990/USAddress/CityNm0NEWARK
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007102
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ALEX LASRY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum09178565284
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WELCOME WORLD FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0WELC
ReturnHeader/Filer/EIN0993916548
ReturnHeader/Filer/PhoneNum09178565284
ReturnHeader/Filer/USAddress/AddressLine1Txt011-43 RAYMOND PLAZA WEST 1420
ReturnHeader/Filer/USAddress/CityNm0NEWARK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007102
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0331374517
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PKF O'CONNOR DAVIES ADVISORY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0500 MAMARONECK AVENUE SUITE 301
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HARRISON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0105281633
ReturnHeader/PreparerPersonGrp/PhoneNum09143818900
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GARRETT M HIGGINS
ReturnHeader/ReturnTs02025-11-17T12:46:23-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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