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Worldteach INC FY2021 filing

Tax-deductible

Cambridge, MA501(c)(3)Since 1992InternationalEIN 04-3136110

Worldteach is a non-profit, non-governmental organization that partners with governments and other organizations in developing (continued on schedule o).

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 4
filings with a surplus
Average deficit $30K a year · 45% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
23 mo
of spending, in cash
Looks good: 23.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $42
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1K
0.06% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$55K
Spent
$91K
To programs
0%
Net assets
$1.7M
By yearFY2021–FY2024
Revenue
$55K
FY2021
Revenue by fiscal year
FY2021$55K
FY2022$56K
FY2023$85K
FY2024$68K
FY2024$81K
Expenses
$91K
FY2021
Expenses by fiscal year
FY2021$91K
FY2022$92K
FY2023$90K
FY2024$111K
FY2024$13K
Net assets
$1.7M
FY2021
Net assets by fiscal year
FY2021$1.7M
FY2022$1.5M
FY2023$1.5M
FY2024$1.5M
FY2024$1.6M

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1992.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Management & general 100% · $91K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Akhil Gupta
Treasurer
$0Pt VII · Sec A
Scott Leland
Secretary (until 06/04/21)
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Dan Levy
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Worldteach INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Sends volunteer teachers to developing countries to boost economies and global understanding.

Provided by the organization

This section is blank until Worldteach INC claims this page.

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1 program service, described in the organization's own filed words · FY2020.
01

As of december of 2019, worldteach, inc. Ceased all progammatic activities.

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Amazonsmile FoundationFY2023$42
Total grants receivedfrom 1 funder$42

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$55K
Ln 12
Investment incomeLn 3$53K
Gifts and grantsLn 1h$2K
Money outPt IX
$91K
Ln 25
Managementcol C$91K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$177K
Total assetsLn 16$1.7M
LiabilitiesLn 26$1K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2K
Investment incomeLn 3$53K
Total revenueLn 12$55K
Assets in detailPt X, end of year
CashLn 1$64
SavingsLn 2$177K
Cash and savings togetherLn 1–2$177K
InvestmentsLn 11–13$1.6M
Total assetsLn 16$1.7M
LiabilitiesLn 26$1K
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$266K$177K
InvestmentsLn 11–13$1.4M$1.6M
Total assetsLn 16$1.6M$1.7M
LiabilitiesLn 26$1K$1K
Net assetsLn 32$1.6M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$64K$64K
Other employee benefitsLn 9$7K$7K
Payroll taxesLn 10$5K$5K
Accounting feesLn 11c$3K$3K
Office expensesLn 13$4K$4K
OccupancyLn 16$4K$4K
InsuranceLn 23$4K$4K
Total functional expensesLn 25$91K$0$91K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $68K$111K−$43K$1.5M 990 PDF
FY2023 $85K$90K−$5K$1.5M 990 PDF
FY2022 $56K$92K−$36K$1.5M 990 PDF
FY2021 Viewing $55K$91K−$36K$1.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $54,895 across 4 lines filed
VIII-1f All other contributions, gifts and grants$2,370
VIII-1h Total contributions, gifts and grants$2,370
VIII-3 Investment incomeExcluded from tax $52,525$52,525
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $52,525$54,895
Part IX · Statement of functional expenses $90,928 across 7 lines filed
IX-7 Other salaries and wagesManagement $63,900$63,900
IX-9 Other employee benefitsManagement $7,398$7,398
IX-10 Payroll taxesManagement $4,898$4,898
IX-11c Accounting feesManagement $2,650$2,650
IX-13 Office expensesManagement $4,322$4,322
IX-16 OccupancyManagement $4,200$4,200
IX-23 InsuranceManagement $3,560$3,560
IX-25 Total functional expensesPrograms $0 · Management $90,928 · Fundraising $0$90,928
Part X · Balance sheet $1,730,486 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $70$64
X-2 Savings and temporary cash investmentsStart of year $265,713$176,887
X-9 Prepaid expenses and deferred chargesStart of year $1,783$1,831
X-11 Publicly traded securitiesStart of year $1,373,569$1,551,704
X-16 Total assetsStart of year $1,641,135$1,730,486
X-17 Accounts payable and accrued expensesStart of year $1,225$1,000
X-26 Total liabilitiesStart of year $1,225$1,000
X-27 Net assets without donor restrictionsStart of year $1,572,118$1,644,892
X-28 Net assets with donor restrictionsStart of year $67,792$84,594
X-32 Total net assets or fund balancesStart of year $1,639,910$1,729,486
X-33 Total liabilities and net assetsStart of year $1,641,135$1,730,486
Part XI · Reconciliation of net assets $1,729,486 net assets at year end
XI-1 Total revenue$54,895
XI-2 Total expenses$90,928
XI-3 Revenue less expenses−$36,033
XI-4 Net assets at start of year$1,639,910
XI-5 Net unrealized gains (losses) on investments$125,609
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,729,486

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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