World Education and Development Fund EIN 03-0483824 Form 990 (PDF) Claim this org

World Education and Development Fund

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World Education and Development Fund is a public foundation based in New York, NY, formed in 2002. For fiscal year 2024 it reported $1.5M in revenue, $1.4M in expenses, and $1.8M in net assets.Pt I

Founded
2002
Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
New York, NY
Website
www.educando.org
Filings
5 on file (2020–2024)
Revenue
$1.5MFY2024
Expenses
$1.4M
Net assets
$1.8M
People
17
Filings
5
Updates
0
More identity details & actions ⌄
EIN  03-0483824 Public foundation / grantmaker New York, NY Founded 2002
Form 990 (PDF)
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Size
$1–10M
What they do
a public foundation
Leadership
Victor Llantada · CFO · $128K
Money in and out
$1.5M revenue, $1.4M expenses
Bottom line
72% program efficiency
Grants paid & assets · FY2024
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$1.4M
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $152K
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.21 Fundraising $0.07
Program efficiency
72%
of spending reaches programs▲ +4% vs prior filing year
Operating runway
12.0mo
months of highly liquid reserves at operating expense rate▲ +8% vs prior filing year
Surplus margin
+10%
revenue over expenses, this year▲ +124% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.5M
FY2024▲ +48%
Expenses
$1.4M
FY2024▼ -5%
Total assets
$1.9M
FY2024▲ +11%
Total liabilities
$55K
FY2024▼ -31%
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$1.4M
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$152K
Total assetsPt X · Ln 16$1.9M
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWorld Education and Development Fund
EINHdr · item D03-0483824
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jwww.educando.org
Year of formationHdr · item L2002
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFJul 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b15
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$127,895Pt VII · Sec A
Program Director
$113,657Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Victor Llantada’s $128K as CFO is at the 52nd percentile of top reported officer pay among 1688 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Kelly Maurice$149,296$156,667
Kelly a Maurice$149,404
Victor Llantada$127,895$125,932$120,907$36,153
Avi Fichman$115,178
Manuel Bravo$113,657$103,245
Abraham Fichman$68,520

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

2 program services account for $1.0M of program spending, described in the organization's own filed words · FY2024.
01

Stem Mexico

Stem mexico develops in students skills and abilities that allow them to face the current and future challenges that our society presents in the stem areas, to contribute to the sustainable development of their community.

$577Kprogram expense
02

Listo Mexico

Listo mexico is aimed to give students better opportunities by changing the school culture as it trains school principals and school coordinators to be transformational leaders, with the necessary skills to propose and implement methodologies in subjects related to educational activities as well as a specialized accompaniment coaching…

$426Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$1.5M · 95%
Investment income$81K · 5%
Contributions & grants95%$1.5M
Investment income5%$81K
Total revenueLn 12$1.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.21 Fundraising $0.07
Program services72%$1.0M
Management & general21%$291K
Fundraising7%$92K
Total functional expensesLn 25$1.4M

Balance Sheet

Part X · end of year
CashLn 1$30K
Total assetsLn 16$1.9M
Total liabilitiesLn 26$55K
Total net assetsLn 32$1.8M
Months of cash on handcomputed0.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.4M · Operating expenses/yr $1.4M
12.0 months
Where the money goes
Program services
Program services $1.0M · Total expenses $1.4M
72%
Management & General
Management & general $291K · Total expenses $1.4M
21%
Fundraising
Fundraising $92K · Total expenses $1.4M
7%
Cost to raise $1
Fundraising expense (3-yr avg) $124K · Solicited contributions (3-yr avg) $1.3M
$0.09 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.5M · Total revenue $1.5M
95%
Government reliance
Government grants — · Total revenue $1.5M
Earned-income share
Program service revenue $0 · Total revenue $1.5M
0%
Investment reliance
Investment income $81K · Total revenue $1.5M
+5%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.4M
0%
Growth & trend
Revenue growth (YoY)
This year $1.5M · Prior year $1.0M
+48%
Revenue CAGR
FY2019 $2.0M · FY2024 $1.5M
-5%
Net-asset trend (YoY)
End of year $1.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.5M · Expenses $1.4M
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $1.9M
Net-asset ratio
Net assets $1.8M · Total assets $1.9M
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $1.4M · Total assets (Pt X, ln 16) $1.9M
73%
People & payroll
Highest Reported Total Compensation
Individual Victor Llantada · Reported title CFO · Highest reported compensation $128K · Total expenses $1.4M
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $764K · Total expenses $1.4M
55%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 72%
Overhead ratio 21%
Fundraising cost ratio 6%
Revenue growth 48%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$7K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$1.0M revenue · ⤓ 990 PDF
FY2023$1.6M revenue · ⤓ 990 PDF
FY2022$1.6M revenue · ⤓ 990 PDF
FY2021$1.6M revenue · ⤓ 990 PDF
FY2020$2.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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