World Associates Ltd FY2022 filing

Tax-deductible

Toccoa, GA501(c)(3)Since 1993Foundations & GrantmakersEIN 58-2236295Revenue $760K in FY2022

On file with the IRSwa-global.org151 Oak Cliff Dr, 30577-8311 · Toccoa, GATax-exempt since Jun 2012Publicly supported charity — 170(b)(1)(A)(vi)

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Community development organization that alleviates basic felt needs leading to self-sufficiency personal development and health in the community especially among the poor.

501(c)(3) charity; gifts are tax-deductible.
92¢ 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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FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $5K a year · under 1% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $37K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$34
<0.01% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$760K
+56% vs prior year
Spent
$654K
To programs
92%
Net assets
$412K
By yearFY2020–FY2025
Revenue
$760K
FY2022▲ +56%
Tap a bar for its year
Revenue by fiscal year
FY2020$245K
FY2021$486K
FY2022$760K
FY2023$619K
FY2024$747K
FY2025$423K
Expenses
$654K
FY2022▲ +50%
Tap a bar for its year
Expenses by fiscal year
FY2020$281K
FY2021$437K
FY2022$654K
FY2023$716K
FY2024$749K
FY2025$472K
Net assets
$412K
FY2022▼ -15%
Tap a bar for its year
Net assets by fiscal year
FY2020$382K
FY2021$487K
FY2022$412K
FY2023$282K
FY2024$298K
FY2025$83K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2010-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Jun 2012.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $598K Management & general 8% · $55K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Tajikistan Country Director
$0Pt VII · Sec A
Jordan Legal Representative
$0Pt VII · Sec A
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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

Helps the poor meet basic needs, fostering self-sufficiency, personal growth, and health.

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Provided by the organization

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3 programs · $220K · in their own filed words · FY2022
01

Access Program

A two year English and Cultural Values training program for youth. This is a U.S. Embassy funded program.

$142Kprogram expense
02

Sign Language Program

Teaches sign language to deaf children and their families in Tajikistan

$46Kprogram expense
03

Adult English Language

English language instruction and conversation activities provided for adult students over the age of 17 in Kurdistan. These classes target vocational and conversational English language and incorporates classroom and live English discussion.

$32Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$37K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$760K
Ln 12
Gifts and grantsLn 1h$674K
Fees for servicesLn 2g$69K
Other incomeLn 4–11$17K
Money outPt IX
$654K
Ln 25
Programscol B$598K
Managementcol C$55K
Owns and owesPt X
$412K
net assets · Ln 32
Cash and savingsLn 1–2$246K
Total assetsLn 16$412K
LiabilitiesLn 26$34
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$674K
Government grantsLn 1e$394K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$69K
Other incomeLn 4–11$17K
Gains on assetsLn 7$0
Total revenueLn 12$760K
Assets in detailPt X, end of year
CashLn 1$246K
SavingsLn 2$0
Cash and savings togetherLn 1–2$246K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$412K
LiabilitiesLn 26$34
Net assetsLn 32$412K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY22End FY22
Cash and savingsLn 1–2$223K$246K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$3K$0
Total assetsLn 16$490K$412K
LiabilitiesLn 26$3K$34
Net assetsLn 32$487K$412K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$287K$255K$32K$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$27K$24K$3K$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$34K$31K$4K$0
Accounting feesLn 11c$0$0$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$16K$14K$2K$0
Information technologyLn 14$1K$1K$160$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$92K$82K$10K$0
TravelLn 17$7K$7K$824$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$23K$20K$2K$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$3K$2K$2K$0
InsuranceLn 23$0$0$0$0
Other expenses (24a–d)Ln 24$90K$90K$0$0
All other expensesLn 24e$72K$72K$0$0
Total functional expensesLn 25$654K$598K$55K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $423K$472K−$49K$83K 990 PDF
FY2024 $747K$749K−$3K$298K 990 PDF
FY2023 $619K$716K−$97K$282K 990 PDF
FY2022 Viewing $760K$654K$106K$412K 990 PDF
FY2021 $486K$437K$49K$487K 990 PDF
FY2020 $245K$281K−$36K$382K 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 FY2022 990 (6 parts)
Part I · Summary $759,997 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $449,028$674,041
I-9 Program service revenuePrior year $33,525$68,766
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $3,405$17,190
I-12 Total revenuePrior year $485,958$759,997
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 $250,593$313,577
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $185,994$340,081
I-18 Total expensesPrior year $436,587$653,658
I-19 Revenue less expensesPrior year $49,371$106,339
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
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
Part VIII · Statement of revenue $759,997 across 16 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$394,334
VIII-1f All other contributions, gifts and grants$279,707
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$674,041
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$68,766
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$17,190
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$759,997
Part IX · Statement of functional expenses $653,658 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $255,475 · Management $31,576 · Fundraising $0$287,050
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $23,609 · Management $2,918 · Fundraising $0$26,527
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $30,593 · Management $3,781 · Fundraising $0$34,374
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $14,465 · Management $1,788 · Fundraising $0$16,253
IX-14 Information technologyPrograms $1,298 · Management $160 · Fundraising $0$1,458
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $81,721 · Management $10,100 · Fundraising $0$91,821
IX-17 TravelPrograms $6,664 · Management $824 · Fundraising $0$7,488
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $20,117 · Management $2,486 · Fundraising $0$22,604
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $1,719 · Management $1,719 · Fundraising $0$3,438
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$0
IX-24 Other expenses (24a–d)Programs $90,456 · Management $0 · Fundraising $0$90,456
IX-24e All other expensesPrograms $72,189 · Management $0 · Fundraising $0$72,189
IX-25 Total functional expensesPrograms $598,306 · Management $55,352 · Fundraising $0$653,658
Part X · Balance sheet $411,628 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $222,881$246,179
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $348,300$191,192
X-4 Accounts receivableStart of year −$92,653−$27,858
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $8,250$2,115
X-10c Land, buildings and equipment, netStart of year $3,438$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $490,216$411,628
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $3,319$34
X-26 Total liabilitiesStart of year $3,319$34
X-27 Net assets without donor restrictionsStart of year $57,498$163,837
X-28 Net assets with donor restrictionsStart of year $429,399$247,757
X-32 Total net assets or fund balancesStart of year $486,897$411,594
X-33 Total liabilities and net assetsStart of year $490,216$411,628
Part XI · Reconciliation of net assets $411,594 net assets at year end
XI-1 Total revenue$759,997
XI-2 Total expenses$653,658
XI-3 Revenue less expenses$106,339
XI-4 Net assets at start of year$486,897
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments−$181,642
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$411,594

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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