Worldwide Erc INC FY2021 filing

Not tax-deductible

Washington, DC501(c)(6)Since 1964Community DevelopmentEIN 36-2540670Revenue $5.4M in FY2021

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

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$1.7M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2021 · 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
$1.7M
to officers and key staff · 25% of spending
Worth a look: pay to officers and key staff is 25% of spending; over 20%.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 9.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.4M
41% of total assets
Looks good: liabilities are 41% 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
$5.4M
-46% vs prior year
Spent
$7.0M
Net assets
$6.4M
By yearFY2020–FY2024
Revenue
$5.4M
FY2021▼ -46%
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
$7.0M
FY2021▼ -47%
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
$6.4M
FY2021▼ -19%
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 FY2021 Form 990 (year ending March 2021) · figures checked against the IRS filing · 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 Jul 2014.

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

Who runs it and what they're paid

21 people listed on the 990; $1.7M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Former President & CEO
$553,036Pt VII · Sec A
President & CEO
$337,825Pt VII · Sec A
VP Product Development
$226,028Pt VII · Sec A
VP Learning and Content
$148,054Pt VII · Sec A
SR. VP of Finance & Operations
$132,345Pt VII · Sec A
Director, Learning
$121,371Pt VII · Sec A
Director, Information Tech
$119,603Pt VII · Sec A
Event Lead
$110,884Pt 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

Connects mobile people with information, ideas, and solutions to empower them.

Questions for Worldwide Erc INC

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3 programs · in their own filed words · FY2020
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 and non-members, 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$5.4M
Ln 12
Fees for servicesLn 2g$5.3M
Investment incomeLn 3$163K
Money outPt IX
$7.0M
Ln 25
Owns and owesPt X
$6.4M
net assets · Ln 32
Cash and savingsLn 1–2$5.6M
Total assetsLn 16$10.8M
LiabilitiesLn 26$4.4M
PeoplePt VI, VII
21
listed · VII A
PaidVII A8
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$5.3M
Investment incomeLn 3$163K
Total revenueLn 12$5.4M
Assets in detailPt X, end of year
CashLn 1$2.1M
SavingsLn 2$3.6M
Cash and savings togetherLn 1–2$5.6M
InvestmentsLn 11–13$3.5M
Land, buildings, equipmentLn 10c$991K
Other assetsLn 15$20K
Total assetsLn 16$10.8M
LiabilitiesLn 26$4.4M
Net assetsLn 32$6.4M
OperationsPt I, VI
EmployeesI 530
VolunteersI 6200
Fiscal year endsHeaderMarch
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$5.7M$5.6M
InvestmentsLn 11–13$4.6M$3.5M
Land, buildings, equipmentLn 10c$1.3M$991K
Total assetsLn 16$12.6M$10.8M
LiabilitiesLn 26$4.7M$4.4M
Net assetsLn 32$7.9M$6.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$522K
Other salaries and wagesLn 7$2.0M
Pension plan contributionsLn 8$66K
Other employee benefitsLn 9$213K
Payroll taxesLn 10$158K
Legal feesLn 11b$250K
Accounting feesLn 11c$223K
Other fees for servicesLn 11g$1.5M
Advertising and promotionLn 12$19K
Office expensesLn 13$278K
Information technologyLn 14$118K
OccupancyLn 16$369K
TravelLn 17$9K
Conferences, conventions and meetingsLn 19$328K
Depreciation, depletion and amortizationLn 22$288K
InsuranceLn 23$22K
Other expenses (24a–d)Ln 24$535K
All other expensesLn 24e$87K
Total functional expensesLn 25$7.0M

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 Viewing $5.4M$7.0M−$1.5M$6.4M 990 PDF
FY2020 $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 FY2021 990 (6 parts)
Part I · Summary $5,423,279 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $9,745,123$5,260,490
I-10 Investment incomePrior year $242,679$162,789
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $9,987,802$5,423,279
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 $4,347,744$2,960,421
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $8,736,178$4,008,246
I-18 Total expensesPrior year $13,083,922$6,968,667
I-19 Revenue less expensesPrior year −$3,096,120−$1,545,388
Part VI · Governance 10 of 11 board members independent, 1 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-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,423,279 across 3 lines filed
Lines not itemized here account for $28,182 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,699,130 · Unrelated business $533,178$5,232,308
VIII-3 Investment incomeExcluded from tax $162,789$162,789
VIII-12 Total revenueRelated to mission $4,727,312 · Unrelated business $533,178 · Excluded from tax $162,789$5,423,279
Part IX · Statement of functional expenses $6,968,667 across 18 lines filed
IX-5 Pay of current officers, directors and key staff$522,118
IX-7 Other salaries and wages$2,000,981
IX-8 Pension plan contributions$66,168
IX-9 Other employee benefits$212,660
IX-10 Payroll taxes$158,494
IX-11b Legal fees$250,200
IX-11c Accounting fees$223,438
IX-11g Other fees for services$1,480,080
IX-12 Advertising and promotion$18,643
IX-13 Office expenses$278,499
IX-14 Information technology$118,354
IX-16 Occupancy$369,153
IX-17 Travel$9,432
IX-19 Conferences, conventions and meetings$328,138
IX-22 Depreciation, depletion and amortization$288,174
IX-23 Insurance$21,964
IX-24 Other expenses (24a–d)$535,265
IX-24e All other expenses$86,906
IX-25 Total functional expenses$6,968,667
Part X · Balance sheet $10,810,719 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $400,862$2,066,956
X-2 Savings and temporary cash investmentsStart of year $5,280,439$3,580,719
X-4 Accounts receivableStart of year $723,586$549,598
X-9 Prepaid expenses and deferred chargesStart of year $252,838$84,384
X-10c Land, buildings and equipment, netStart of year $1,273,290$990,517
X-11 Publicly traded securitiesStart of year $4,566,121$3,518,373
X-15 Other assetsStart of year $42,745$20,172
X-16 Total assetsStart of year $12,618,139$10,810,719
X-17 Accounts payable and accrued expensesStart of year $1,165,272$693,398
X-19 Deferred revenueStart of year $2,652,597$2,344,656
X-24 Unsecured notes and loans payable$642,477
X-25 Other liabilitiesStart of year $858,215$725,212
X-26 Total liabilitiesStart of year $4,676,084$4,405,743
X-27 Net assets without donor restrictionsStart of year $7,942,055$6,404,976
X-32 Total net assets or fund balancesStart of year $7,942,055$6,404,976
X-33 Total liabilities and net assetsStart of year $12,618,139$10,810,719
Part XI · Reconciliation of net assets $6,404,976 net assets at year end
XI-1 Total revenue$5,423,279
XI-2 Total expenses$6,968,667
XI-3 Revenue less expenses−$1,545,388
XI-4 Net assets at start of year$7,942,055
XI-5 Net unrealized gains (losses) on investments$8,309
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,404,976

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

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