World Leaders Forum Inc
Nonprofit profile at a glance
- EIN
- 473666460
- IRS 990-EZ coverage
- 2018–2024
- Forms available
- Form 990 2021, Form 990-EZ 2024
- Location
- Elgin, IL, USA
- Phone
- 8476282017
- Rating
- 93
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $117,912
- Expenses
- $122,925
- Assets
- $108,949
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- MARK VARGAS (PRESIDENT)
- MERRIE MEADOWS (VICE PRESIDENT)
People named in this filing
- MARK VARGAS (PRESIDENT)
- MERRIE MEADOWS (VICE PRESIDENT)
- DR GENE CRUME (SECRETARY/TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of the world leaders forum is to educate and invest in tomorrow's business leaders; build greatness in the lives of students; and inspire change and create a legacy.
What it reported doing in 2024
Py: the world leaders forum hosts annual events to generate support for scholarships within two unique programs at judson university: the roeser scholars program which is focused on leadership development and the rise program which provides students with intellectual disabilities the college experience. The world leaders forum also supports other nonprofits in the chicago area and nationally as well as entrepreneurial and innovative initiatives that benefit students, the community and other partners of the world leaders forum. Since 2015, 64 scholarships have been awarded to students to receive financial support for their undergraduate academic career at judson. Over 1000 students have been empowered by attending and hearing from a global leader. These annual world leaders forum events add to the quality of life in elgin, the fox river valley and our region, by bringing internationally acclaimed speakers. These events have provided an opportunity for over 5,000 community members to hear from these prominent leaders and help promote the area throughout chicago and across the nation. Past speakers have included george w. Bush, mikhail gorbachev, tony blair, condoleezza rice, felipe calderon, newt gingrich, howard dean, queen noor of jordan, caroline kennedy, general david petraeus and rt. Hon. Steven j harper in 2025. A new series was introduced in 2019 "conversations with mark vargas" which brings successful business leaders and entrepreneurs to campus. The inaugural guest was dallas mavericks owner, mark cuban.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 100
- Sustainability: 43
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -4.3%; rating input score 23; 23rd percentile among comparable filings
- Total-asset coverage ratio: 0.89; rating input score 55; 55th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: -1.6% per year; rating input score 0; 25th percentile among comparable filings
- Revenue growth: -14.3% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: 4.6% per year; rating input score 100; 43rd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $123K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 23/100.
- Review — Sustainability: Total-asset coverage ratio scored 55/100.