World Series of Entrepreneurship

Nonprofit profile at a glance

EIN
814762936
IRS 990-EZ coverage
2017–2018
Forms available
Form 990-EZ 2018
Location
Blue Bell, PA, USA
Phone
2153708877
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Youth Development Programs

Official website

Reported finances

Revenue
$141,877
Expenses
$183,493
Assets
$14,268
Liabilities
$43,000

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

7 people listed

People named in this filing

  • MARK GREENBERG (BOARD CHAIR)
  • MICHAEL COSACK (TREASURER)
  • BRIAN MCLELLAND (SECRETARY)

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 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The world series of entrepreneurship (wse) is a competition series aimed at giving high school students an extracurricular outlet to develop their ideas, challenge their comfort zones, and learn along a fun, empowering journey.

What it reported doing in 2018

Our program encourages high school students to take a leap with usinviting them to participate in the ultimate hands-on after-school activity where they get to come up with their own business/product idea, make it come to life with guidance from adult mentors, and then show off their venture in a pitch competition with their peers. The competition itself is a multi-event, playoff-like program where winners advance to go up against other top studentswith venture funding, scholarship dollars, and mentorship/internship opportunities up for grabs. Though the best ideas and presenters are rewarded, the beneficiaries truly include every individual and organization that chooses to participate.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 79% for direct work, and 21% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 95
  • Transparency & Controls: 82
  • Sustainability: 7
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 87.4%; rating input score 87

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -29.3%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 0.08; rating input score 8; 8th percentile among comparable filings
  • Liabilities to assets ratio: 3.01; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 15.9%; rating input score 20; 20th percentile among comparable filings

Growth

  • Program expense growth: 45.8% per year; rating input score 100; 92nd percentile among comparable filings
  • Revenue growth: 14.3% per year; rating input score 100; 79th percentile among comparable filings
  • Asset growth: -28.9% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 87.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $160K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2017 to 2018
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 4/100.
  • High — Sustainability: Total-asset coverage ratio scored 8/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.
  • High — Sustainability: Officer compensation ratio scored 20/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.