WORLDVENTURES FOUNDATION

EIN: 272526240 501(c)(3)

PLANO, TX

Total Revenue
$323,155
Total Expenses
$486,550
Total Assets
$65,509
Net Assets
$63,906
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
TX
Principal Officer
SOPHIA STOLLER
Phone
9728055193
Tax Period
2019-01-01 to 2019-12-31

WORLDVENTURES FOUNDATION, founded in 2010, is a small nonprofit that reported $323K in total revenue in fiscal year 2019. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $487K exceeded revenue, resulting in a 51% operating deficit.

Mission

WORLDVENTURES FOUNDATION SERVES CHILDREN AND THEIR COMMUNITIES GLOBALLY BY TEAMING WITH LIKE-MINDED ORGANIZATIONS TO IDENTIFY NEEDS AND TO IMPLEMENT SUSTAINABLE SOLUTIONS. THAT MISSION HAS ENDURED THROUGH THE EVOLUTION OF OUR ORGANIZATION AND SEISMIC SHIFTS IN THE GEOPOLITICAL CLIMATE OF OUR WORLD. TODAY WE TOUCH THE LIVES OF CHILDREN ACROSS 25 COUNTRIES AND COUNTING. WITH VOLUNTEERS WE BREATHE LIFE INTO OUR VISION THROUGH THEIR VOLUNTEER EFFORTS AND DONATIONS. OUR WORK IS FOUNDED ON A COMMITMENT TO ACCOUNTABILITY AND TRANSPARENCY SO DONORS KNOW THEIR SUPPORT YIELDS ON-THE-GROUND RESULTS WITH NO WASTE. WE CAREFULLY ALLOT RESOURCES, CHOOSE PROGRAMS AND BUILD AFFILIATE RELATIONSHIPS TO ENSURE OUR VOLUNTEER AND DONOR EFFORTS ARE RELEVANT.

Program Service Accomplishments

Program 1
Expenses: $27,425 Revenue: $19,167

HUG IT FORWARD BOTTLE SCHOOLS - WORLDVENTURES FOUNDATION FACILITATES EDUCATION AND AWARENESS AROUND IMPROVED TRASH MANAGEMENT METHODS VIA THE CONSTRUCTION OF BOTTLE CLASSROOMS CALLED BOTTLE SCHOOLS...

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HUG IT FORWARD BOTTLE SCHOOLS - WORLDVENTURES FOUNDATION FACILITATES EDUCATION AND AWARENESS AROUND IMPROVED TRASH MANAGEMENT METHODS VIA THE CONSTRUCTION OF BOTTLE CLASSROOMS CALLED BOTTLE SCHOOLS. WORLDVENTURES FOUNDATION WORKS TO SUPPORT AND EMPOWER COMMUNITIES IN GUATEMALA TO BUILD BOTTLE SCHOOLS THROUGH OUR PARTNERSHIP WITH HUG IT FORWARD, A MULTILCULTURAL ORGANIZATION AT THE GRASSROOTS LEVEL IN THE REGION OF LATIN AMERICA, WITH AN EMPHASIS IN GUATEMALA. BOTTLE SCHOOLS ARE CONSTRUCTED USING ECO-BRICKS, WHICH ARE PLASTIC BOTTLES STUFFED WITH INORGANIC TRASH. DURING THE PROJECT PROCESS, ENTIRE COMMUNITIES COME TOGETHER TO BUILD A MORE ENVIRONMENTALLY RESPONSIBLE EDUCATIONAL SPACE FOR THEIR FUTURE.

Program 2
Expenses: $22,079 Revenue: $18,497

DREAMSTATION - STARTING IN 2010, THE NANCY LIEBERMAN FOUNDATION PARTNERED WITH THE WORLDVENTURES FOUNDATION TO BUILD HIGH-QUALITY BASKETBALL COURTS FOR CHILDREN LIVING IN UNDERPRIVILEGED COMMUNITIES...

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DREAMSTATION - STARTING IN 2010, THE NANCY LIEBERMAN FOUNDATION PARTNERED WITH THE WORLDVENTURES FOUNDATION TO BUILD HIGH-QUALITY BASKETBALL COURTS FOR CHILDREN LIVING IN UNDERPRIVILEGED COMMUNITIES ACROSS THE COUNTRY. THE GOAL OF THIS PROGRAM IS TO KEEP CHILDREN OFF THE STREETS AND TO PROVIDE THEM WITH A SAFE AND COMPETITIVE ENVIRONMENT WHERE THEY CAN DEVELOP SKILLS SUCH AS TEAMWORK AND GOOD SPORTSMANSHIP. THE NANCY LIEBERMAN FOUNDATION HAS HELPED TO CONSTRUCT FIVE DREAMCOURTS THUS FAR WITH BASKETBALL COURTS IN FRISCO, AUSTIN, SAN ANTONIO, MINNEAPOLIS, AND INDIANAPOLIS. MOST RECENTLY, ACTOR BILLY CRYSTAL HAS AGREED TO HELP THE FOUNDATION FUND A SIXTH DREAMCOURT IN LONG BEACH, NY TO ASSIST IN THE CITY'S RECOVERY FROM THE AFTERMATH OF HURRICANE SANDY.

Program 3
Expenses: $50,282 Revenue: $48,949

SUMBA SCHOOLS - WORLDVENTURES FOUNDATION PARTNERS WITH HAPPY HEARTS INDONESIA TO PROVIDE EDUCATIONAL OPPORTUNITIES TO CHILDREN FROM SUMBA, BARAT DAYA IN INDONESIA. HAPPY HEARTS INDONESIA IS A...

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SUMBA SCHOOLS - WORLDVENTURES FOUNDATION PARTNERS WITH HAPPY HEARTS INDONESIA TO PROVIDE EDUCATIONAL OPPORTUNITIES TO CHILDREN FROM SUMBA, BARAT DAYA IN INDONESIA. HAPPY HEARTS INDONESIA IS A NON-PROFIT ORGANIZATION THAT ENVISIONS EVERY CHILD IN INDONESIA HAS ACCESS TO EDUCATION BY ATTENDING SAFE AND EARTHQUAKE-RESISTANT SCHOOLS. HAPPY HEARTS INDONESIA IS DEDICATED TO REBUILDING SCHOOLS AND RESTORING HOPE AND OPPORTUNITY IN THE LIVES OF CHILDREN IN UNDERPRIVILEGED AREAS. WORLDVENTURES FOUNDATION SUPPORTS LOCAL COMMUNITIES IN BUILDING SUSTAINABLE AND ECO-FRIENDLY SCHOOLS AND SUPPLY THEM WITH PROPER FACILITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $296,231
Program Service Revenue $0
Investment Income $0
Other Revenue $26,924
TOTAL REVENUE $323,155

Expense Breakdown

Grants Paid $65,227
Salaries & Benefits $224,367
Fundraising Expenses $104,939
Program Expenses $265,156
Other Expenses $196,956
TOTAL EXPENSES $486,550

Year-over-Year Comparison

2019 2018 Change
Revenue $323,155 $597,319 -0.5%
Expenses $486,550 $875,436 -0.4%
Net Income $-163,395 $-278,117 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
3
Employees
4
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WAYNE NUGENT DIRECTOR 1.00
Director
$0 $0 $0
EDDIE HEAD DIRECTOR 1.00
Director
$0 $0 $0
JOSH PAINE DIRECTOR 1.00
Director
$0 $0 $0
SOPHIA STOLLER DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2019 $323,155 $486,550 $65,509 $-163,395
2018 $597,319 $875,436 $239,724 $-278,117
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