2018-08-07T12:28:26-05:00 2017-09-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 650N BETHESDA MD 208142930 990 2016-10-01 030483824 WORLD EDUCATION AND DEVELOPMENT FUND WORL 2122285353 501 5TH AVENUE NO 1701 NEW YORK NY 10017 KELLY MAURICE EXECUTIVE DIRECTOR 2122285353 2018-08-07 1 3019519090 2016 2022-09-23 18:48:47Z KELLY MAURICE 501 5TH AVENUE NO 1701 NEW YORK NY 10017 5014559 0 X WWW.WORLDFUND.ORG X 2002 NY SEE PART III, LINE 1. 21 21 7 21 0 0 1956445 4951872 42780 1587 20520 40816 -160073 -182934 1859672 4811341 74800 18725 0 0 969059 1242411 0 0 213576 1471500 1613443 2515359 2874579 -655687 1936762 3181680 5135510 181350 167445 3000330 4968065 X WORLDFUND'S MISSION IS TO DELIVER WORLD-CLASS TRAINING AND ONGOING SUPPORT TO TEACHERS AND PRINCIPALS FROM UNDERSERVED SCHOOLS IN LATIN AMERICA, FUNDAMENTALLY IMPACTING THE SYSTEM FROM THE BOTTOM UP. 1 0 1051565 STEM BRASIL AND MEXICO: WORLDFUND'S TEACHER TRAINING PROGRAM FOR PUBLIC HIGH SCHOOL TEACHERS OF BIOLOGY, CHEMISTRY, MATH, PHYSICS, AND 21ST CENTURY SKILLS. THE PROGRAM TRAINS TEACHERS TO ENGAGE STUDENTS IN MATH AND SCIENCES THROUGH PROJECT-BASED ACTIVITIES THAT COMPLEMENT THE SCHOOL CURRICULUM. 627539 1587 INTER-AMERICAN PARTNERSHIP FOR EDUCATION: WORLDFUND'S POST-GRADUATE PROGRAM THAT AIMS TO TRANSFORM ENGLISH LANGUAGE INSTRUCTION IN MEXICO'S PUBLIC SCHOOLS BY TRAINING AND SUPPORTING A DEDICATED NETWORK OF INNOVATIVE AND DYNAMIC ENGLISH INSTRUCTION EDUCATORS. 671663 PRINCIPAL TRAINING PROGRAM (LISTO): WORLDFUND'S LEADERSHIP TRAINING PROGRAM FOR PRINCIPALS IN PRIMARY AND SECONDARY PUBLIC SCHOOLS IN MEXICO. THE PROGRAM AIMS, THROUGH WORKSHOPS AND COACHING, TO TEACH CONCRETE LEADERSHIP SKILLS TO PRINCIPALS THAT WILL ENABLE THEM TO EFFECTIVELY LEAD THEIR SCHOOLS AND COMMUNITIES. 18725 18725 SCHOOLS AND AFTER-SCHOOL PROGRAMS: WORLDFUND PROVIDES GRANTS FROM SPECIFIC DONORS THAT PROVIDE FUNDING FOR STUDENT SCHOLARSHIPS AND OPERATIONAL COSTS TO SCHOOLS SERVING IMPOVERISHED STUDENTS IN ARGENTINA, EL SALVADOR AND MEXICO. 18725 18725 2369492 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 13 0 1 7 1 0 1 MX BR 0 0 0 1 1 0 0 0 0 X 21 21 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 NY X X KELLY MAURICE 2122285353 501 5TH AVENUE STE 1701 NEW YORK NY 10017 LUANNE ZURLO CO-CHAIR 0.50 X X 0 0 0 STEVEN SHINDLER CO-CHAIR/CHAIR OF EXECUTIVE COM. 0.50 X X 0 0 0 MARK DENHAM SECRETARY 0.50 X X 0 0 0 CECILIA BILESIO DIRECTOR 0.50 X 0 0 0 DENISE DAMIANI DIRECTOR 0.50 X 0 0 0 PETER FOYO DIRECTOR 0.50 X 0 0 0 MARCELO GLEISER DIRECTOR 0.50 X 0 0 0 CLAUDIO X GONZALEZ DIRECTOR/CO-CHAIR OF MEXICO COM. 0.50 X 0 0 0 TARA KENNEY DIRECTOR/CHAIR OF DEVELOPMENT COM. 0.50 X 0 0 0 CARLOS LABARTHE DIRECTOR/CO-CHAIR OF MEXICO COM. 0.50 X 0 0 0 MARCOS LEDERMAN DIRECTOR (END 06/17) 0.50 X 0 0 0 MIMI LICHTENSTEIN DIRECTOR 0.50 X 0 0 0 ARTURO LOPEZ MARTIN DIRECTOR 0.50 X 0 0 0 MARCOS MAGALHAES DIRECTOR 0.50 X 0 0 0 BRADSHAW MCKEE DIRECTOR/CHAIR OF FINANCE COMMITTEE 0.50 X 0 0 0 STEFANO NATELLA DIRECTOR 0.50 X 0 0 0 DANIEL RACHMANIS DIRECTOR 0.50 X 0 0 0 BALBINA SADA DIRECTOR 0.50 X 0 0 0 KATHERINE SHEA WESTRA DIRECTOR/CHAIR OF AUDIT COMMITTEE 0.50 X 0 0 0 LISANDRO MIGUENS DIRECTOR 0.50 X 0 0 0 JANE WINSLOW DIRECTOR/CHAIR OF NOMINATING COM. 0.50 X 0 0 0 FRANCISCO PAIVA-OLIVEIRA DIRECTOR (END 06/17) 0.50 X 0 0 0 NADJARA PAIVA-OLIVEIRA DIRECTOR (END 06/17) 0.50 X 0 0 0 RONALDO STERN DIRECTOR/CHAIR OF COMMUNICATIONS COM. 0.50 X 0 0 0 KELLY A MAURICE EXECUTIVE DIRECTOR 40.00 X 112500 0 4824 CRISTINA GIL-WHITE DEPUTY EXECUTIVE DIRECTOR 40.00 X 111959 0 6202 224459 0 11026 2 0 0 0 RASSIAS CENTER 6071 BLUNT SUITE 315 HANOVER NH 03768 TRAINERS/PEDAGOGY FOR IAPE PROGRAM 129472 KIWI PARTNERS INC 237 WEST 35TH STREET SUITE 1101 NEW YORK NY 10001 ACCOUNTING SERVICES 115086 2 807705 94184 4049983 4951872 PROGRAM SERVICE FEES 900099 1587 1587 1587 40816 40816 19440 807705 203218 -183778 -183778 MISCELLANEOUS 900099 844 844 844 4811341 1587 0 -142118 X 18725 18725 310566 217896 46335 46335 706185 520741 114090 71354 45091 30942 11297 2852 180569 124548 40579 15442 1436 783 564 89 160681 100590 30021 30070 582208 563894 11449 6865 10941 10718 223 38463 22482 13481 2500 24777 19216 4064 1497 116001 82645 16423 16933 340239 331876 1734 6629 13319 7992 2664 2663 11382 6910 2236 2236 BOOKS & CLASS SUPPLIES 255597 255583 3 11 CREDIT CARD FEES 19002 11122 5674 2206 BRAZIL TAXES 17672 17590 82 EVENTS 10506 9004 56 1446 11219 16235 -9241 4225 2874579 2369492 291511 213576 173081 402966 1846847 2536591 1033258 2086660 67000 11521 22997 33005 134129 109009 23038 25120 15459 39647 3181680 5135510 181350 163157 0 4288 181350 167445 X 1359210 1280321 1641120 3687744 3000330 4968065 3181680 5135510 X 1936762 30973 X 0 1 X 1 0 X 2092632 2964631 3788531 1956445 4951872 15754111 2092632 2964631 3788531 1956445 4951872 15754111 4319091 11435020 7906 8102 19727 20520 40816 97071 3 615 49 69 844 1580 15852762 317258 0.72130 0.71270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 45927 28270 17657 88202 80739 7463 25120 OTHER CURRENT LIABILITIES 4288 4288 X 4953110 94094 47675 141769 4811341 0 4811341 3016348 94094 47675 141769 2874579 0 2874579 PART X, LINE 2: FOR THE YEAR ENDED SEPTEMBER 30, 2017, WORLDFUND HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: GALA EXPENSES SHOWN AS AN EXPENSE ON THE FINANCIAL 47,675. STATEMENTS AND NETTED AGAINST REVENUE ON FORM 990 PART VIII, LINE 8B. PART XII, LINE 2D - OTHER ADJUSTMENTS: GALA EXPENSES SHOWN AS AN EXPENSE ON THE FINANCIAL 47,675. STATEMENTS AND NETTED AGAINST REVENUE ON FORM 990 PART VIII, LINE 8B. 1 NORTH AMERICA 1 50 PROGRAM SERVICE ACTIVITIES STEM MEXICO PROGRAM, IAPE PROGRAM (INTENSIVE ENGLISH TEACHER TRAINING), AND LISTO PROGRAM (A THREE-YEAR INTENSIVE COURSE OF STUDY FOR PRINCIPALS). 1330390 SOUTH AMERICA 2 21 PROGRAM SERVICE ACTIVITIES STEM BRASIL PROGRAM (TRAINING PROGRAM FOR SCIENCE AND MATH SECONDARY TEACHERS IN PUBLIC SCHOOLS). 1020379 SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 18725 3 71 0 0 3 71 2369494 0 2369494 SOUTH AMERICA MANO AMIGA ARGENTINA: STUDENT SCHOLARSHIPS 9225 WIRE 1 0 1 0 0 0 0 0 PART I, LINE 2: WORLDFUND ESTABLISHES LONG-TERM RELATIONSHIPS WITH ITS GRANT RECIPIENTS. THESE RELATIONSHIPS INVOLVE REGULAR COMMUNICATION AND DOCUMENTATION. GRANT RECIPIENTS MUST SIGN GRANT COMMITMENT LETTERS PRIOR TO RECEIVING A GRANT, AND PROVIDE AN OFFICIAL CONFIRMATION WHEN THE FUNDS ARRIVE. WORLDFUND'S STAFF MEMBERS, INCLUDING WORLDFUND'S EXECUTIVE DIRECTOR, DIRECTOR OF PROGRAMS, DIRECTOR OF WORLDFUND MEXICO AND DIRECTOR OF WORLDFUND BRASIL MONITOR GRANT DISBURSEMENTS, GRANT RECIPIENT REPORTS, AND FREQUENT COMMUNICATION THROUGH EMAIL AND TELEPHONE. AWARD DINNER 827145 807705 19440 35819 97195 7979 62225 827145 807705 19440 35819 97195 7979 62225 203218 -183778 FORM 990, PART III, LINE 2 WORLDFUND IMPLEMENTED STEM MEXICO: WORLDFUND'S TEACHER TRAINING PROGRAM FOR PUBLIC HIGH SCHOOLS TEACHERS OF BIOLOGY, CHEMISTRY, MATH, PHYSICS, AND 21ST CENTURY SKILLS. THE PROGRAM TRAINS TEACHERS TO ENGAGE STUDENTS IN MATH AND SCIENCES THROUGH PROJECT-BASED ACTIVITIES THAT COMPLEMENT THE SCHOOL CURRICULUM. FORM 990, PART VI, SECTION A, LINE 2 FRANCISCO PAIVA-OLIVERIA AND NADJARA PAIVA-OLIVEIRA HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 8B MINUTES OF THE BOARD OF DIRECTORS MEETINGS ARE MAINTAINED. MINUTES OF THE EXECUTIVE COMMITTEE MEETINGS HAVE NOT BEEN MAINTAINED; HOWEVER, ALL DECISIONS AND MOTIONS APPROVED BY THE EXECUTIVE COMMITTEE GO TO THE BOARD FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE AUDIT COMMITTEE. FOLLOWING THEIR APPROVAL OF THE 990, THE DOCUMENT WAS DISTRIBUTED TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C WORLDFUND HAS A CONFLICT OF INTEREST POLICY THAT WAS APPROVED BY THE BOARD OF DIRECTORS AND INSTITUTED THROUGHOUT THE ORGANIZATION. ALL WORLDFUND OFFICERS, EMPLOYEES WITH FIDUCIARY RESPONSIBILITY AND DIRECTORS OF THE BOARD SIGN THE POLICY ANNUALLY. WITHIN THE POLICY IS A DETAILED SET OF PROCEDURES IN THE EVENT THE ORGANIZATION NEEDS TO ADDRESS A POTENTIAL CONFLICT OF INTEREST. ALSO DETAILED IN THE POLICY ARE MEASURES TO BE TAKEN IN THE EVENT OF A VIOLATION. THE FOLLOWING ARE PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST: - AN INTERESTED PERSON MAKES A PRESENTATION AT THE BOARD OF DIRECTORS OR EXECUTIVE COMMITTEE MEETING, AFTER THE PRESENTATION, HE/SHE LEAVES THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. - THE CHAIRPERSON OF THE BOARD OF DIRECTORS OR EXECUTIVE COMMITTEE, IF APPROPRIATE, APPOINTS A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. - AFTER EXERCISING DUE DILIGENCE, THE BOARD OF DIRECTORS OR EXECUTIVE COMMITTEE DETERMINES WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A TRANSACTION OR ARRANGEMENT THAT IS MORE ADVANTAGEOUS OR BETTER SERVES ITS CHARITABLE PURPOSES FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. - IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD OF DIRECTORS OR EXECUTIVE COMMITTEE DETERMINES BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT OR IN FURTHERANCE OF ITS CHARITABLE PURPOSES, AND WHETHER IT IS FAIR AND REASONABLE. - IN CONFORMITY WITH THE ABOVE DETERMINATION IT MAKES ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. IF THE BOARD OF DIRECTORS OR EXECUTIVE COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT INFORMS THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORDS THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD OF DIRECTORS OR EXECUTIVE COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT TAKES APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION REVIEW PROCESS IS DONE ON AN ANNUAL BASIS AND CULMINATES AT WORLDFUND'S ANNUAL JUNE MEETING OF THE BOARD OF DIRECTORS. IN ADVANCE OF THIS MEETING, THE BOARD'S EXECUTIVE COMMITTEE MEETS TO DISCUSS THE JOB PERFORMANCES OF THE SENIOR EXECUTIVES/OFFICERS AND REVIEWS RECENT DATA COMPILED ON COMPARABLE NONPROFIT EXECUTIVE PAY. BASED ON JOB PERFORMANCE, CURRENT PAY RANGES FOR COMPARABLE NONPROFIT EXECUTIVES, AND THE FISCAL HEALTH OF WORLDFUND, THE EXECUTIVE COMMITTEE REVIEWS COMPENSATION AND DETERMINES WHETHER ACTION IS NEEDED TO ADJUST THE SALARY LEVELS CONSIDERING THESE THREE CRITICAL FACTORS. THE EXECUTIVE COMMITTEE THEN PRESENTS ITS RECOMMENDATION TO THE BOARD AT LARGE, AT THE JUNE MEETING AND A VOTE IS TAKEN TO ACCEPT OR REJECT, BASED ON A SIMPLE MAJORITY, THE EXECUTIVE COMMITTEE'S RECOMMENDATION. THIS VOTE IS RECORDED IN THE ORGANIZATION'S MINUTES. THE DATE OF THE LAST COMPENSATION REVIEW WAS APRIL 2016. FORM 990, PART VI, SECTION C, LINE 19 WORLDFUND MAKES ALL REQUIRED FINANCIAL DOCUMENTS AVAILABLE TO THE PUBLIC THROUGH ITS WEBSITE (WWW.WORLDFUND.ORG) WHERE ANYONE CAN VIEW AND/OR DOWNLOAD THEM AS WELL AS UPON REQUEST IN PERSON OR THROUGH VERBAL OR WRITTEN REQUEST. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G BRAZIL CONSULTANTS: PROGRAM SERVICE EXPENSES 144,589. MANAGEMENT AND GENERAL EXPENSES 1,310. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 145,899. CONSULTANTS: PROGRAM SERVICE EXPENSES 7,809. MANAGEMENT AND GENERAL EXPENSES 455. FUNDRAISING EXPENSES 455. TOTAL EXPENSES 8,719. STAFF & CURRICULUM DEVELOPMENT: PROGRAM SERVICE EXPENSES 67,748. MANAGEMENT AND GENERAL EXPENSES 9,684. FUNDRAISING EXPENSES 6,410. TOTAL EXPENSES 83,842. PROGRAM INSTRUCTORS: PROGRAM SERVICE EXPENSES 343,748. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 343,748. FORM 990, PART XI, LINE 9: LOSS ON CURRENCY TRANSLATION 30,973. WORLDFUND MEXICO AC MONTECITO 38 P17 10 Y 11 NAPOLES CIUDAD DE MEXICO ESTADO DE MX 03810 PROMOTE & SUPPORT WORLDFUND'S MISSION, ACTIVITIES & PROGRAMS AT LOCAL LEVEL. MX 501(C)(3) LINE 7 WORLDFUND 1 ASSOCIACAO WORLDFUND BRASIL AVE DR ALBERTO DE OLIVERA LIMA 1 SAO PAULO SP BR PROMOTE & SUPPORT WORLDFUND'S MISSION, ACTIVITIES & PROGRAMS AT LOCAL LEVEL. BR 501(C)(3) LINE 7 WORLDFUND 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0