La Paz Global FY2023 filing

Tax-deductible

Beaverton, OR501(c)(3)EducationEIN 42-1649091Revenue $1.7M in FY2023

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.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2023 · 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
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 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
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
+109% vs prior year
Spent
$1.6M
To programs
98%
Net assets
$1.1M
By yearFY2021–FY2024
Revenue
$1.7M
FY2023▲ +109%
Tap a bar for its year
Revenue by fiscal year
FY2021$515K
FY2022$817K
FY2023$1.7M
FY2023$1.5M
FY2024$3.8M
Expenses
$1.6M
FY2023▲ +95%
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
FY2023▲ +5%
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 FY2023 Form 990 (year ending March 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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

98 cents of each dollar spent went to programs.

Program services 98% · $1.6M Management & general 1% · $19K Fundraising 1% · $17K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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 2Yes
  • 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.

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Provided by the organization

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3 programs · $1.6M · in their own filed words · FY2022
01

Facility Services La Paz Global has created a new program to support the opening of Two Way Dual Immersion schools in areas identified to have large socio-economic gaps within their communities.

$1.3Mprogram expense
02

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

$265Kprogram expense
03

Faculty 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.

$32Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Gifts and grantsLn 1h$1.7M
Investment incomeLn 3$9K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.6M
Managementcol C$19K
Fundraisingcol D$17K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$162K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Investment incomeLn 3$9K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$161K
SavingsLn 2$302
Cash and savings togetherLn 1–2$162K
InvestmentsLn 11–13$539K
Land, buildings, equipmentLn 10c$405K
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 FY23End FY23
Cash and savingsLn 1–2$5K$162K
InvestmentsLn 11–13$131K$539K
Land, buildings, equipmentLn 10c$895K$405K
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$6K$6K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$1.6M$1.6M
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$33K$12K$10K$12K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$14K$5K$4K$5K
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$5K$5K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$75$75
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
All other expensesLn 24e$0
Total functional expensesLn 25$1.6M$1.6M$19K$17K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.8M$3.8M$13K$1.5M 990 PDF
FY2023 Viewing $1.7M$1.6M$61K$1.1M 990 PDF
FY2022 $817K$846K−$29K$1.1M 990 PDF
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $1,708,587 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,129,141$1,699,159
I-9 Program service revenue$0
I-10 Investment incomePrior year $2,999$9,428
I-11 Other revenue$0
I-12 Total revenuePrior year $1,132,140$1,708,587
I-13 Grants and similar amounts paidPrior year $263,163$1,595,500
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $22,769$33,126
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $11,980$19,208
I-18 Total expensesPrior year $297,912$1,647,834
I-19 Revenue less expensesPrior year $834,228$60,753
Part VI · Governance 5 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $1,708,587 across 4 lines filed
VIII-1f All other contributions, gifts and grants$1,699,159
VIII-1h Total contributions, gifts and grants$1,699,159
VIII-3 Investment incomeExcluded from tax $9,428$9,428
VIII-12 Total revenueExcluded from tax $9,428$1,708,587
Part IX · Statement of functional expenses $1,647,834 across 29 lines filed
IX-1 Grants to domestic organizationsPrograms $6,500$6,500
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipientsPrograms $1,589,000$1,589,000
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $11,594 · Management $9,938 · Fundraising $11,594$33,126
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesPrograms $5,019 · Management $4,302 · Fundraising $5,019$14,340
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $4,793$4,793
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $75$75
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $1,612,188 · Management $19,033 · Fundraising $16,613$1,647,834
Part X · Balance sheet $1,106,638 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $5,009$161,217
X-2 Savings and temporary cash investments$302
X-9 Prepaid expenses and deferred charges$839
X-10c Land, buildings and equipment, netStart of year $894,905$405,326
X-11 Publicly traded securitiesStart of year $130,721$538,954
X-16 Total assetsStart of year $1,030,635$1,106,638
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $135,730$1,106,638
X-32 Total net assets or fund balancesStart of year $1,030,635$1,106,638
X-33 Total liabilities and net assetsStart of year $1,030,635$1,106,638
Part XI · Reconciliation of net assets $1,106,638 net assets at year end
XI-1 Total revenue$1,708,587
XI-2 Total expenses$1,647,834
XI-3 Revenue less expenses$60,753
XI-4 Net assets at start of year$1,030,635
XI-5 Net unrealized gains (losses) on investments−$11,365
XI-8 Prior period adjustments$26,615
XI-10 Net assets at end of year$1,106,638

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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