Educational support

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$141K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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 3
filings with a surplus
Average deficit $30K a year · 6% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$141K
to officers and key staff · 28% of spending
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $10K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
2% of total assets
Looks good: liabilities are 2% 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
$549K
+31% vs prior year
Spent
$512K
To programs
100%
Net assets
$108K
By yearFY2021–FY2025
Revenue
$549K
FY2024▲ +31%
Tap a bar for its year
Revenue by fiscal year
FY2021$124K
FY2022$184K
FY2023$418K
FY2024$549K
FY2025$640K
Expenses
$512K
FY2024▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022Not on file
FY2023$580K
FY2024$512K
FY2025$604K
Net assets
$108K
FY2024
Tap a bar for its year
Net assets by fiscal year
FY2021$4K
FY2022$831
FY2023$0
FY2024$108K
FY2025$144K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2019.

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% · $512K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990; $141K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$50,000Pt VII · Sec A
Vice Preside
$50,000Pt VII · Sec A
Treasurer
$28,700Pt VII · Sec A
Secretary
$12,500Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Panela Leung’s $53K as President is at the 44th percentile of top reported officer pay among 1613 $100K–1M education 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 · 6 named individuals · Part VII

NameFY2025FY2024FY2023
Panela Leung$53,000$50,000$14,583
Timothy Forsythe$53,000$50,000—
Tze Kam Leung$37,314$28,700$14,583
Timothy——$14,583
Yanzi Wu——$14,583
Yanzhi Wu$9,375$12,500—

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 15aYes

Programs and updates

World Builders Academy is an education nonprofit based in Kansas City, MO, formed in 2019.

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Provided by the organization

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1 program · $512K · in their own filed words · FY2024
01

Educational support through grants to the state of missouri

$512Kprogram 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 · FY2023
Total grants receivedfrom 2 funders$10K
Grants paid · 2 grants · $459K · 2023–2023
State of MissouriFY2023$229,749
State of MissouriFY2023$229,749

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$549K
Ln 12
Fees for servicesLn 2g$470K
Gifts and grantsLn 1h$79K
Money outPt IX
$512K
Ln 25
Programscol B$512K
Owns and owesPt X
$108K
net assets · Ln 32
Cash and savingsLn 1–2$100K
Total assetsLn 16$110K
LiabilitiesLn 26$2K
PeoplePt VI, VII
6
listed · VII A
PaidVII A4
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$79K
Government grantsLn 1e$76K
Fees for servicesLn 2g$470K
Total revenueLn 12$549K
Assets in detailPt X, end of year
CashLn 1$100K
Cash and savings togetherLn 1–2$100K
Land, buildings, equipmentLn 10c$10K
Total assetsLn 16$110K
LiabilitiesLn 26$2K
Net assetsLn 32$108K
OperationsPt I, VI
EmployeesI 512
VolunteersI 62
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 FY24End FY24
Cash and savingsLn 1–2$70K$100K
Land, buildings, equipmentLn 10c$10K
Total assetsLn 16$70K$110K
LiabilitiesLn 26$0$2K
Net assetsLn 32$70K$108K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$141K$141K
Other salaries and wagesLn 7$184K$184K
Pension plan contributionsLn 8$3K$3K
Payroll taxesLn 10$25K$25K
Legal feesLn 11b$13K$13K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$59K$59K
TravelLn 17$22$22
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$74$74
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$70K$70K
All other expensesLn 24e$7K$7K
Total functional expensesLn 25$512K$512K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $640K$604K$36K$144K 990 PDF
FY2024 Viewing $549K$512K$37K$108K 990 PDF
FY2023 $418K$580K−$162K$0 990 PDF
FY2022 $184K$831 990 PDF
FY2021 $124K$4K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $548,958 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $232,249$79,324
I-9 Program service revenuePrior year $417,857$469,634
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $650,106$548,958
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $128,719$353,541
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $471,944$158,204
I-18 Total expensesPrior year $600,663$511,745
I-19 Revenue less expensesPrior year $49,443$37,213
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $548,958 across 5 lines filed
VIII-1e Government grants$76,222
VIII-1f All other contributions, gifts and grants$3,102
VIII-1h Total contributions, gifts and grants$79,324
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $469,634$469,634
VIII-12 Total revenueRelated to mission $469,634$548,958
Part IX · Statement of functional expenses $511,745 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $141,200$141,200
IX-7 Other salaries and wagesPrograms $184,421$184,421
IX-8 Pension plan contributionsPrograms $3,010$3,010
IX-10 Payroll taxesPrograms $24,910$24,910
IX-11b Legal feesPrograms $12,577$12,577
IX-12 Advertising and promotionPrograms $4,055$4,055
IX-13 Office expensesPrograms $58,599$58,599
IX-17 TravelPrograms $22$22
IX-19 Conferences, conventions and meetingsPrograms $2,209$2,209
IX-20 InterestPrograms $74$74
IX-23 InsurancePrograms $4,239$4,239
IX-24 Other expenses (24a–d)Programs $69,625$69,625
IX-24e All other expensesPrograms $6,804$6,804
IX-25 Total functional expensesPrograms $511,745 · Management $0 · Fundraising $0$511,745
Part X · Balance sheet $109,682 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $70,467$99,641
X-10c Land, buildings and equipment, net$10,041
X-16 Total assetsStart of year $70,467$109,682
X-25 Other liabilities$2,002
X-26 Total liabilitiesStart of year $0$2,002
X-32 Total net assets or fund balancesStart of year $70,467$107,680
X-33 Total liabilities and net assetsStart of year $70,467$109,682
Part XI · Reconciliation of net assets $107,680 net assets at year end
XI-1 Total revenue$548,958
XI-2 Total expenses$511,745
XI-3 Revenue less expenses$37,213
XI-4 Net assets at start of year$70,467
XI-10 Net assets at end of year$107,680

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

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