World Thrust International INC FY2021 filing

Lawrenceville, GAUnknown exempt organizationEIN 58-2305721

World Thrust International is a mobilizing ministry. The vision is to see every local church in the world become a sending base for the Gospel of Christ so that a clear presentation and demonstration of it is available to all people. The purpose is to glorify God through serving as a catalyst, helping pastors and church leaders worldwide to lead their local churches to embrace a more effective involvement in the evangelization of the world.

71¢ of each $1 spent went to programs.
$20K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
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
1 of 3
filings with a surplus
Average deficit $23K a year · 25% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$20K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $11
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$155K
32% of total assets
Looks good: liabilities are 32% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 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
$116K
-34% vs prior year
Spent
$134K
To programs
71%
Net assets
$327K
By yearFY2020–FY2024
Revenue
$116K
FY2021▼ -34%
Revenue by fiscal year
FY2020$175K
FY2021$116K
FY2022−$15K
FY2024Not on file
Expenses
$134K
FY2021▲ +25%
Expenses by fiscal year
FY2020$107K
FY2021$134K
FY2022$104K
FY2024Not on file
Net assets
$327K
FY2021▼ -15%
Net assets by fiscal year
FY2020$387K
FY2021$327K
FY2022$167K
FY2024Not on file

From the FY2021 Form 990 · see the original

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $95K Management & general 26% · $35K Fundraising 3% · $5K

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

Who runs it and what they're paid

6 people listed on the 990; $20K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$20,337Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Chairma
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Bill H Boerop$20,337$20,338

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Mobilizes churches globally to become bases for spreading the Gospel to all people.

Provided by the organization

This section is blank until World Thrust International INC claims this page.

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1 program service account for $95K of program spending, described in the organization's own filed words · FY2021.
01

World thrust international is a catalytic organization that encourages and empowers the church to advance the gospel to the unreached, bring hope to mankind, and fulfill gods purpose. We equip local churches both in the U.S. And around the world to bring the message of salvation to the people who have not yet heard it.

$95Kprogram expense

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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$11

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$116K
Ln 12
Gifts and grantsLn 1h$85K
Investment incomeLn 3$31K
Money outPt IX
$134K
Ln 25
Programscol B$95K
Managementcol C$35K
Fundraisingcol D$5K
Owns and owesPt X
$327K
net assets · Ln 32
Cash and savingsLn 1–2$77K
Total assetsLn 16$482K
LiabilitiesLn 26$155K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$85K
Investment incomeLn 3$31K
Gains on assetsLn 7$31K
Total revenueLn 12$116K
Assets in detailPt X, end of year
CashLn 1$77K
Cash and savings togetherLn 1–2$77K
InvestmentsLn 11–13$405K
Total assetsLn 16$482K
LiabilitiesLn 26$155K
Net assetsLn 32$327K
OperationsPt I, VI
EmployeesI 52
VolunteersI 66
Fiscal year endsHeaderDecember
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$64K$77K
InvestmentsLn 11–13$424K$405K
Total assetsLn 16$488K$482K
LiabilitiesLn 26$101K$155K
Net assetsLn 32$387K$327K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$34K$29K$5K
Other employee benefitsLn 9$33K$30K$3K
Payroll taxesLn 10$1K$881$156
Accounting feesLn 11c$4K$4K
Office expensesLn 13$8K$2K$2K$4K
TravelLn 17$749$749
InsuranceLn 23$16K$12K$4K
Other expenses (24a–d)Ln 24$27K$16K$11K$295
All other expensesLn 24e$10K$4K$5K$687
Total functional expensesLn 25$134K$95K$35K$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest 990 PDF
FY2023 Not on file
FY2022 −$15K$104K−$120K$167K 990 PDF
FY2021 Viewing $116K$134K−$18K$327K 990 PDF
FY2020 $175K$107K$68K$387K 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 (4 parts)
Part VIII · Statement of revenue $116,248 across 5 lines filed
VIII-1f All other contributions, gifts and grants$85,069
VIII-1h Total contributions, gifts and grants$85,069
VIII-3 Investment incomeRelated to mission $1$1
VIII-7 Net gain or loss on sales of assetsRelated to mission $31,178$31,178
VIII-12 Total revenueRelated to mission $31,179$116,248
Part IX · Statement of functional expenses $134,001 across 9 lines filed
IX-7 Other salaries and wagesPrograms $28,808 · Management $5,084$33,892
IX-9 Other employee benefitsPrograms $29,700 · Management $3,300$33,000
IX-10 Payroll taxesPrograms $881 · Management $156$1,037
IX-11c Accounting feesManagement $3,900$3,900
IX-13 Office expensesPrograms $2,038 · Management $2,299 · Fundraising $3,600$7,937
IX-17 TravelPrograms $749$749
IX-23 InsurancePrograms $11,999 · Management $4,000$15,999
IX-24 Other expenses (24a–d)Programs $16,268 · Management $10,685 · Fundraising $295$27,248
IX-24e All other expensesPrograms $4,168 · Management $5,384 · Fundraising $687$10,239
IX-25 Total functional expensesPrograms $94,611 · Management $34,808 · Fundraising $4,582$134,001
Part X · Balance sheet $481,764 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $63,756$77,223
X-11 Publicly traded securitiesStart of year $424,360$404,541
X-16 Total assetsStart of year $488,116$481,764
X-17 Accounts payable and accrued expensesStart of year $994$33,980
X-25 Other liabilitiesStart of year $100,354$120,691
X-26 Total liabilitiesStart of year $101,348$154,671
X-27 Net assets without donor restrictionsStart of year $386,768$327,093
X-32 Total net assets or fund balancesStart of year $386,768$327,093
X-33 Total liabilities and net assetsStart of year $488,116$481,764
Part XI · Reconciliation of net assets $327,093 net assets at year end
XI-1 Total revenue$116,248
XI-2 Total expenses$134,001
XI-3 Revenue less expenses−$17,753
XI-4 Net assets at start of year$386,768
XI-5 Net unrealized gains (losses) on investments−$41,922
XI-10 Net assets at end of year$327,093

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

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