Worldwide Erc INC FY2020 filing

Not tax-deductible

Washington, DC501(c)(6)Since 1964Community DevelopmentEIN 36-2540670Revenue $10.0M in FY2020

On file with the IRSworldwideerc.org2001 K St Nw Ste 300, 20006-0010 · Washington, DCTax-exempt since Jul 2014

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$1.6M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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 5
filings with a surplus
Average deficit $1.1M a year · 15% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$1.6M
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.7M
37% of total assets
Looks good: liabilities are 37% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 11 voting members
Looks good: 10 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10.0M
Spent
$13.1M
Net assets
$7.9M
By yearFY2020–FY2024
Revenue
$10.0M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$10.0M
FY2021$5.4M
FY2022$6.4M
FY2022$5.0M
FY2023$7.3M
FY2024$7.1M
Expenses
$13.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$13.1M
FY2021$7.0M
FY2022$6.7M
FY2022$6.1M
FY2023$7.7M
FY2024$7.2M
Net assets
$7.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$7.9M
FY2021$6.4M
FY2022$5.9M
FY2022$4.6M
FY2023$4.5M
FY2024$4.9M

From the FY2020 Form 990 (year ending March 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Jul 2014.

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

Who runs it and what they're paid

22 people listed on the 990; $1.6M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President & CEO (thru 12/19)
$565,305Pt VII · Sec A
Vice President, Product Development
$227,177Pt VII · Sec A
Chief Operating Officer
$213,176Pt VII · Sec A
SR. VP of Finance & Operations/Interim CFO
$184,013Pt VII · Sec A
VP Learning and Content
$177,039Pt VII · Sec A
Director, Information Technology
$119,830Pt VII · Sec A
Director, Learning
$115,401Pt VII · Sec A
Director (as of 1/20)
$0Pt VII · Sec A

Anupam Singhal’s $465K as President & CEO is at the 96th percentile of top reported officer pay among 2832 $1–10M community development 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2022FY2021FY2020
Margaret Smith————$553,036$565,305
Lynn Frendt Shotwell——$520,210———
Lynn Shotwell—$316,055—$506,024$337,825—
Anupam Singhal$465,000—————
Karen Cygal—$212,256$274,350$263,382$226,028$227,177
Denys Resnick—————$213,176
Michael Jackson—$202,351————
Kirk Fabel————$132,345$184,013

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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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

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3 programs · in their own filed words · FY2019
01

Membership provides mobility professionals with access to certain benefits including in-person and online learning and networking events, publications featuring industry news and information, exclusive online communities and volunteer opportunities, job-related tools and resources, research and certification programs.

Pt IX · col B
02

Worldwide erc holds numerous conferences each year featuring educational sessions related to workforce mobility in the united states and abroad. The conferences are open to members an NON0MEMBERS and include educational and networking sessions as well as exhibits.

Pt IX · col B
03

Mobility magazine is the most widely circulated publication devoted to workforce mobility. It provides industry news, analysis, insights and data for mobility professionals in all industries around the globe.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$10.0M
Ln 12
Fees for servicesLn 2g$9.7M
Investment incomeLn 3$243K
Money outPt IX
$13.1M
Ln 25
Owns and owesPt X
$7.9M
net assets · Ln 32
Cash and savingsLn 1–2$5.7M
Total assetsLn 16$12.6M
LiabilitiesLn 26$4.7M
PeoplePt VI, VII
22
listed · VII A
PaidVII A7
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$9.7M
Investment incomeLn 3$243K
Gains on assetsLn 7−$2K
Total revenueLn 12$10.0M
Assets in detailPt X, end of year
CashLn 1$401K
SavingsLn 2$5.3M
Cash and savings togetherLn 1–2$5.7M
InvestmentsLn 11–13$4.6M
Land, buildings, equipmentLn 10c$1.3M
Other assetsLn 15$43K
Total assetsLn 16$12.6M
LiabilitiesLn 26$4.7M
Net assetsLn 32$7.9M
OperationsPt I, VI
EmployeesI 530
VolunteersI 6200
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$9.5M$5.7M
InvestmentsLn 11–13$4.5M$4.6M
Land, buildings, equipmentLn 10c$1.3M$1.3M
Total assetsLn 16$16.2M$12.6M
LiabilitiesLn 26$5.2M$4.7M
Net assetsLn 32$11.0M$7.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$799K
Other salaries and wagesLn 7$3.1M
Pension plan contributionsLn 8$85K
Other employee benefitsLn 9$182K
Payroll taxesLn 10$228K
Legal feesLn 11b$609K
Accounting feesLn 11c$212K
Lobbying feesLn 11d$11K
Other fees for servicesLn 11g$2.5M
Advertising and promotionLn 12$113K
Office expensesLn 13$371K
Information technologyLn 14$425K
OccupancyLn 16$361K
TravelLn 17$290K
Conferences, conventions and meetingsLn 19$2.8M
Depreciation, depletion and amortizationLn 22$318K
InsuranceLn 23$37K
Other expenses (24a–d)Ln 24$617K
All other expensesLn 24e$6
Total functional expensesLn 25$13.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $7.1M$7.2M−$89K$4.9M 990 PDF
FY2023 $7.3M$7.7M−$341K$4.5M 990 PDF
FY2022 $6.4M$6.7M−$261K$5.9M 990 PDF
FY2021 $5.4M$7.0M−$1.5M$6.4M 990 PDF
FY2020 Viewing $10.0M$13.1M−$3.1M$7.9M 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 FY2020 990 (6 parts)
Part I · Summary $9,987,802 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $11,780,862$9,745,123
I-10 Investment incomePrior year $172,527$242,679
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $11,953,389$9,987,802
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,209,233$4,347,744
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $8,755,279$8,736,178
I-18 Total expensesPrior year $12,964,512$13,083,922
I-19 Revenue less expensesPrior year −$1,011,123−$3,096,120
Part VI · Governance 10 of 11 board members independent, 2 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $9,987,802 across 4 lines filed
Lines not itemized here account for $104,639 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,663,002 · Unrelated business $977,482$9,640,484
VIII-3 Investment incomeExcluded from tax $244,250$244,250
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$1,571−$1,571
VIII-12 Total revenueRelated to mission $8,767,641 · Unrelated business $977,482 · Excluded from tax $242,679$9,987,802
Part IX · Statement of functional expenses $13,083,922 across 19 lines filed
IX-5 Pay of current officers, directors and key staff$798,924
IX-7 Other salaries and wages$3,054,392
IX-8 Pension plan contributions$85,223
IX-9 Other employee benefits$181,545
IX-10 Payroll taxes$227,660
IX-11b Legal fees$609,048
IX-11c Accounting fees$211,625
IX-11d Lobbying fees$11,308
IX-11g Other fees for services$2,527,253
IX-12 Advertising and promotion$112,900
IX-13 Office expenses$370,963
IX-14 Information technology$424,779
IX-16 Occupancy$361,233
IX-17 Travel$290,094
IX-19 Conferences, conventions and meetings$2,844,606
IX-22 Depreciation, depletion and amortization$318,193
IX-23 Insurance$37,023
IX-24 Other expenses (24a–d)$617,147
IX-24e All other expenses$6
IX-25 Total functional expenses$13,083,922
Part X · Balance sheet $12,618,139 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $3,392,344$400,862
X-2 Savings and temporary cash investmentsStart of year $6,134,576$5,280,439
X-4 Accounts receivableStart of year $355,328$723,586
X-9 Prepaid expenses and deferred chargesStart of year $484,648$252,838
X-10c Land, buildings and equipment, netStart of year $1,283,983$1,273,290
X-11 Publicly traded securitiesStart of year $4,383,032$4,566,121
X-12 Other securitiesStart of year $87,502$78,258
X-15 Other assetsStart of year $42,745$42,745
X-16 Total assetsStart of year $16,164,158$12,618,139
X-17 Accounts payable and accrued expensesStart of year $952,194$1,165,272
X-19 Deferred revenueStart of year $3,304,206$2,652,597
X-25 Other liabilitiesStart of year $927,813$858,215
X-26 Total liabilitiesStart of year $5,184,213$4,676,084
X-27 Net assets without donor restrictionsStart of year $10,979,945$7,942,055
X-32 Total net assets or fund balancesStart of year $10,979,945$7,942,055
X-33 Total liabilities and net assetsStart of year $16,164,158$12,618,139
Part XI · Reconciliation of net assets $7,942,055 net assets at year end
XI-1 Total revenue$9,987,802
XI-2 Total expenses$13,083,922
XI-3 Revenue less expenses−$3,096,120
XI-4 Net assets at start of year$10,979,945
XI-5 Net unrealized gains (losses) on investments$58,230
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,942,055

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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