Worldopt Institute INC

Tax-deductible

Honolulu, HI501(c)(3)EnvironmentEIN 46-1525355Revenue $58K in FY2024

On file with the IRSworldopt.org758 Kapahulu Ave Ste 100, 96816-6099 · Honolulu, HITax-exempt since May 2019Publicly supported charity — 170(b)(1)(A)(vi)

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To create educational materials for presentation at events, conferences, and community gatherings to promote environmental conservation practices (continued on schedule o, statement 2)

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
Run by 3 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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 5
filings with a surplus
Average surplus $207K a year · 44% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$13K
to officers and key staff · 5% of spending
Top officer’s pay lower than 63% of similar orgs
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
72 mo
of spending, in cash
Looks good: 71.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $30K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$58K
-84% vs prior year
Spent
$270K
To programs
78%
Net assets
$1.6M
By yearFY2020–FY2024
Revenue
$58K
FY2024▼ -84%
Tap a bar for its year
Revenue by fiscal year
FY2020$685K
FY2021$1.2M
FY2022$18K
FY2023$375K
FY2024$58K
Expenses
$270K
FY2024▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$258K
FY2021$244K
FY2022$299K
FY2023$261K
FY2024$270K
Net assets
$1.6M
FY2024▼ -12%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.0M
FY2021$2.0M
FY2022$1.7M
FY2023$1.8M
FY2024$1.6M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Exemption reinstated (2018-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in May 2019.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $210K Management & general 19% · $52K Fundraising 3% · $8K

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

3 people listed on the 990; $13K paid to officers and key staff.

Part VII, Section A · reportable compensation
$13,221Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Michael Bailey’s $13K as Secretary is at the 37th percentile of top reported officer pay among 135 <$100K environment 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Michael Bailey$13,221$26,346$28,687$34,095$13,511

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

Develops educational materials for events to promote environmental conservation.

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Provided by the organization

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3 programs · $149K · in their own filed words · FY2024
01

Education Outreach

Educational outreach includes website development and hosting of information on web and via social media.

$72Kprogram expense
02

Ocean Acoustic Pollution

Advancing understanding of impacts that undersea noise pollution has upon dolphins, whales, and numerous other forms of marine life includes commercial applications of underwater internet of things.

$50Kprogram expense
03

Dolphin Campaign

Engaging education initiatives that guide local, national and international dolphin and ocean eco-system efforts. Includes presenting science of dolphin and whale intelligence. Advanced nature of dolphin sonar and communication capabilities. Dolphin campaign and marine life conservation actions engaged in hawaii, japan and other regions.

$27Kprogram 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 · FY2021
Total grants receivedfrom 1 funder$30K
Grants paid · 1 grant · $20K · 2024–2024

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$58K
Ln 12
Investment incomeLn 3$51K
Gifts and grantsLn 1h$7K
Money outPt IX
$270K
Ln 25
Programscol B$210K
Managementcol C$52K
Fundraisingcol D$8K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$1.6M
LiabilitiesLn 26$3K
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7K
Investment incomeLn 3$51K
Total revenueLn 12$58K
Assets in detailPt X, end of year
CashLn 1$1.6M
Cash and savings togetherLn 1–2$1.6M
Land, buildings, equipmentLn 10c$14K
Total assetsLn 16$1.6M
LiabilitiesLn 26$3K
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.8M$1.6M
Land, buildings, equipmentLn 10c$14K$14K
Total assetsLn 16$1.8M$1.6M
LiabilitiesLn 26$1K$3K
Net assetsLn 32$1.8M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$22K$22K
Pay of current officers, directors and key staffLn 5$13K$13K
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$51K$51K
Other fees for servicesLn 11g$13K$13K
Office expensesLn 13$28K$27K$750
Information technologyLn 14$42K$42K$3
OccupancyLn 16$36K$36K
TravelLn 17$51K$51K$37
Conferences, conventions and meetingsLn 19$1K$673$780
Depreciation, depletion and amortizationLn 22$6K$6K
Total functional expensesLn 25$270K$210K$52K$8K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $58K$270K−$212K$1.6M 990 PDF
FY2023 $375K$261K$115K$1.8M 990 PDF
FY2022 $18K$299K−$281K$1.7M 990 PDF
FY2021 $1.2M$244K$986K$2.0M 990 PDF
FY2020 $685K$258K$427K$1.0M 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 FY2024 990 (6 parts)
Part I · Summary $58,166 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $361,105$6,700
I-9 Program service revenue$0
I-10 Investment incomePrior year $14,132$51,466
I-11 Other revenue$0
I-12 Total revenuePrior year $375,237$58,166
I-13 Grants and similar amounts paidPrior year $1,400$21,757
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $26,346$13,221
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $232,973$234,739
I-18 Total expensesPrior year $260,719$269,717
I-19 Revenue less expensesPrior year $114,518−$211,551
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $58,166 across 4 lines filed
VIII-1f All other contributions, gifts and grants$6,700
VIII-1h Total contributions, gifts and grants$6,700
VIII-3 Investment incomeExcluded from tax $51,466$51,466
VIII-12 Total revenueExcluded from tax $51,466$58,166
Part IX · Statement of functional expenses $269,717 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $21,757$21,757
IX-5 Pay of current officers, directors and key staffPrograms $13,221$13,221
IX-11b Legal feesFundraising $7,000$7,000
IX-11c Accounting feesManagement $50,802$50,802
IX-11g Other fees for servicesPrograms $12,875$12,875
IX-13 Office expensesPrograms $26,870 · Management $750$27,620
IX-14 Information technologyPrograms $41,565 · Management $3$41,568
IX-16 OccupancyPrograms $36,163$36,163
IX-17 TravelPrograms $51,120 · Fundraising $37$51,157
IX-19 Conferences, conventions and meetingsPrograms $673 · Fundraising $780$1,453
IX-22 Depreciation, depletion and amortizationPrograms $6,101$6,101
IX-25 Total functional expensesPrograms $210,345 · Management $51,555 · Fundraising $7,817$269,717
Part X · Balance sheet $1,622,153 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $1,817,966$1,608,520
X-10c Land, buildings and equipment, netStart of year $14,163$13,633
X-16 Total assetsStart of year $1,832,129$1,622,153
X-17 Accounts payable and accrued expensesStart of year $1,047$2,622
X-26 Total liabilitiesStart of year $1,047$2,622
X-32 Total net assets or fund balancesStart of year $1,831,082$1,619,531
X-33 Total liabilities and net assetsStart of year $1,832,129$1,622,153
Part XI · Reconciliation of net assets $1,619,531 net assets at year end
XI-1 Total revenue$58,166
XI-2 Total expenses$269,717
XI-3 Revenue less expenses−$211,551
XI-4 Net assets at start of year$1,831,082
XI-10 Net assets at end of year$1,619,531

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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