World Possible EIN 26-4035658 Form 990 (PDF) Claim this org

World Possible

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Empowering offline communities with technology through global teams and innovative solutions. For fiscal year 2024 it reported $627K in revenue, $641K in expenses, and $684K in net assets.Pt I

Type
Public charity (501(c)(3)) · International
Location
Irvine, CA
Website
www.worldpossible.org
Filings
5 on file (2020–2024)
Revenue
$627KFY2024
Expenses
$641K
Net assets
$684K
People
1
Filings
5
Updates
0
More identity details & actions ⌄
EIN  26-4035658 Public charity (501(c)(3)) Irvine, CA
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowering offline communities with technology through global teams and innovative solutions.
Leadership
Jeremy Schwartz · Executive Director · $167K
Money in and out
$627K revenue, $641K expenses
Bottom line
76% program efficiency
Where the money goes · FY2024
Total revenue
$627K
Pt VIII · Ln 12
Total expenses
$641K
Pt IX · Ln 25
Net assets
$684K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$14K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.24
Program efficiency
76%
of spending reaches programs▼ -9% vs prior filing year
Operating runway
6.3mo
months of highly liquid reserves at operating expense rate▼ -40% vs prior filing year
Surplus margin
-2%
revenue over expenses, this year▼ -112% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$627K
FY2024▲ +35%
Expenses
$641K
FY2024▲ +69%
Total assets
$684K
FY2024▼ -1%
Total liabilities
$0
FY2024
Total revenue
$627K
Pt VIII · Ln 12
Total expenses
$641K
Pt IX · Ln 25
Net assets
$684K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$14K
Total assetsPt X · Ln 16$684K
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWorld Possible
EINHdr · item D26-4035658
Principal addressHdr · item CIrvine, CA
WebsiteHdr · item Jwww.worldpossible.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFInternational (Q30)
Ruling yearIRS BMFSep 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
Executive Director
$167,461Pt VII · Sec A

Jeremy Schwartz’s $167K as Executive Director is at the 97th percentile of top reported officer pay among 1637 $100K–1M international 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jeremy Schwartz$176,670$159,565$176,238$141,522
Jeremy Schwartz$167,461
Romeo Rodriguez$34,750

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

3 program services account for $489K of program spending, described in the organization's own filed words · FY2024.
01

Development of DataPost software portal to connect offline RACHEL devices asynchronously to the internet

$489Kprogram expense
02

Distribution of RACHEL devices to offline and disconnected communities or deployment partners worldwide

Pt IX · col B
03

Post-secondary higher education in prisons

Pt IX · col B

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Statement of Revenue

Part VIII
Program service revenue$351K · 56%
Contributions & grants$271K · 43%
Investment income$5K · 1%
Program service revenue56%$351K
Contributions & grants43%$271K
Investment income1%$5K
Total revenueLn 12$627K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.24
Program services76%$489K
Management & general24%$152K
Total functional expensesLn 25$641K

Balance Sheet

Part X · end of year
CashLn 1$335K
Total assetsLn 16$684K
Total liabilitiesLn 26$0
Total net assetsLn 32$684K
Months of cash on handcomputed6.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $335K · Operating expenses/yr $641K
6.3 months
Where the money goes
Program services
Program services $489K · Total expenses $641K
76%
Management & General
Management & general $152K · Total expenses $641K
24%
Fundraising
Fundraising $0 · Total expenses $641K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $23K · Solicited contributions (3-yr avg) $309K
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $271K · Total revenue $627K
43%
Government reliance
Government grants $0 · Total revenue $627K
0%
Earned-income share
Program service revenue $351K · Total revenue $627K
56%
Investment reliance
Investment income $5K · Total revenue $627K
+0.8%
Program self-sufficiency
Program service revenue $351K · Total expenses $641K
55%
Growth & trend
Revenue growth (YoY)
This year $627K · Prior year $465K
+35%
Revenue CAGR
FY2020 $607K · FY2024 $627K
+0.8%
Net-asset trend (YoY)
End of year $684K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $627K · Expenses $641K
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $684K
Net-asset ratio
Net assets $684K · Total assets $684K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $684K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jeremy Schwartz · Reported title Executive Director · Highest reported compensation $167K · Total expenses $641K
26%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $208K · Total expenses $641K
33%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 24%
Fundraising cost ratio 0%
Revenue growth 35%
Legal fee ratio 0.05%
Accounting fee ratio 0.04%

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 · FY2025
Total grants receivedfrom 1 funder$5K

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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 (Latest)$627K revenue · viewing · ⤓ 990 PDF
FY2023$465K revenue · ⤓ 990 PDF
FY2022$380K revenue · ⤓ 990 PDF
FY2021$499K revenue · ⤓ 990 PDF
FY2020$607K 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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