La Paz Global FY2021 filing

Tax-deductible

Beaverton, OR501(c)(3)EducationEIN 42-1649091Revenue $515K in FY2021

On file with the IRSworldchildrensproject.org9450 Sw Gemini Dr Pmb 74632, 97008-7105 · Beaverton, ORTax-exempt since Apr 2005Publicly supported charity — 170(b)(1)(A)(vi)

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World Childrens Project provides education opportunities to underprivileged children in developing nations around the world. This education prepares children to become thoughtful, contributing citizens in their local and global community.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
3 of 4
filings with a surplus
Average surplus $16K a year · under 1% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
9
named funders · $3.1M
Looks good: 9 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$515K
Spent
$495K
To programs
100%
Net assets
$1.1M
By yearFY2021–FY2024
Revenue
$515K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$515K
FY2022$817K
FY2023$1.7M
FY2023$1.5M
FY2024$3.8M
Expenses
$495K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$495K
FY2022$846K
FY2023$1.6M
FY2023$1.3M
FY2024$3.8M
Net assets
$1.1M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$1.1M
FY2022$1.1M
FY2023$1.1M
FY2023$1.4M
FY2024$1.5M

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 Apr 2005.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $495K Management & general 0% · $87 Fundraising 0% · $71

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See La Paz Global 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 15aNo

Programs and updates

Provides education to underprivileged children in developing nations, preparing them for active citizenship.

Provided by the organization

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3 programs · $495K · in their own filed words · FY2020
01

Covid Outreach

This program was created to respond to the needs created by the closing of school facilities in response to COVID 19. These funds will be used to help with a variety of needs including teacher salaries due to the fact that so many families lost their jobs and can no longer pay tuition, food for local families, laptops for children who…

$345Kprogram expense
02

Student Scholarships

World Childrens Project scholarship donations prepare dedicated, talented, and exceptional underprivileged children to lead their communities and our world into the future. World Childrens Project partner school, La Paz Community School, integrates local underprivileged youth into the program at a young age in order to help them preserve…

$99Kprogram expense
03

Facility Fund/Professional Development

Since the inception of La Paz in 2007, the quality of the student learning experience is directly connected to the expertise and commitment of the teaching staff. Quality educators require consistent coaching and professional development as well as a salary and benefits that compensate for their tireless commitment to the students.

$51Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 9 funders →
Grants paid · 1 grant · $6K · 2022–2022
University of ConnecticutFY2022$6,500

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$515K
Ln 12
Gifts and grantsLn 1h$516K
Investment incomeLn 3$3K
Money outPt IX
$495K
Ln 25
Programscol B$495K
Managementcol C$87
Fundraisingcol D$71
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$89K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$516K
Investment incomeLn 3$3K
Gains on assetsLn 7−$4K
Total revenueLn 12$515K
Assets in detailPt X, end of year
CashLn 1$89K
Cash and savings togetherLn 1–2$89K
InvestmentsLn 11–13$221K
Land, buildings, equipmentLn 10c$778K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$5K$89K
InvestmentsLn 11–13$131K$221K
Land, buildings, equipmentLn 10c$895K$778K
Total assetsLn 16$1.0M$1.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.0M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$486K$486K
Accounting feesLn 11c$1K$1K$13$11
Office expensesLn 13$2K$2K$16$13
Other expenses (24a–d)Ln 24$4K$4K$43$35
All other expensesLn 24e$2K$1K$15$12
Total functional expensesLn 25$495K$495K$87$71

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.8M$3.8M$13K$1.5M 990 PDF
FY2023 $1.7M$1.6M$61K$1.1M 990 PDF
FY2022 $817K$846K−$29K$1.1M 990 PDF
FY2021 Viewing $515K$495K$20K$1.1M 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 $515,149 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,129,141$516,266
I-9 Program service revenue$0
I-10 Investment incomePrior year $2,999−$1,117
I-11 Other revenue$0
I-12 Total revenuePrior year $1,132,140$515,149
I-13 Grants and similar amounts paidPrior year $263,163$486,250
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $22,769$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $11,980$8,797
I-18 Total expensesPrior year $297,912$495,047
I-19 Revenue less expensesPrior year $834,228$20,102
Part VI · Governance 0 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $515,149 across 5 lines filed
VIII-1f All other contributions, gifts and grants$516,266
VIII-1h Total contributions, gifts and grants$516,266
VIII-3 Investment incomeRelated to mission $3,030$3,030
VIII-7 Net gain or loss on sales of assetsRelated to mission −$4,147−$4,147
VIII-12 Total revenueRelated to mission −$1,117 · Unrelated business $0 · Excluded from tax $0$515,149
Part IX · Statement of functional expenses $495,047 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $486,250$486,250
IX-11c Accounting feesPrograms $1,301 · Management $13 · Fundraising $11$1,325
IX-13 Office expensesPrograms $1,567 · Management $16 · Fundraising $13$1,596
IX-24 Other expenses (24a–d)Programs $4,298 · Management $43 · Fundraising $35$4,376
IX-24e All other expensesPrograms $1,473 · Management $15 · Fundraising $12$1,500
IX-25 Total functional expensesPrograms $494,889 · Management $87 · Fundraising $71$495,047
Part X · Balance sheet $1,087,720 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $5,009$88,848
X-10c Land, buildings and equipment, netStart of year $894,905$777,738
X-11 Publicly traded securitiesStart of year $130,721$221,134
X-16 Total assetsStart of year $1,030,635$1,087,720
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $135,730$309,982
X-28 Net assets with donor restrictionsStart of year $894,905$777,738
X-32 Total net assets or fund balancesStart of year $1,030,635$1,087,720
X-33 Total liabilities and net assetsStart of year $1,030,635$1,087,720
Part XI · Reconciliation of net assets $1,087,720 net assets at year end
XI-1 Total revenue$515,149
XI-2 Total expenses$495,047
XI-3 Revenue less expenses$20,102
XI-4 Net assets at start of year$1,030,635
XI-5 Net unrealized gains (losses) on investments$36,983
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,087,720

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

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