Worldventures Foundation

Nonprofit profile at a glance

EIN
272526240
IRS 990 coverage
2011–2019
Forms available
Form 990 2019
Location
Plano, TX, USA
Phone
9728055193
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution

Reported finances

Revenue
$323,155
Expenses
$486,550
Assets
$65,509
Liabilities
$1,603

Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

4 people listed

People named in this filing

  • WAYNE NUGENT (DIRECTOR)
  • EDDIE HEAD (DIRECTOR)
  • JOSH PAINE (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2019

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.

Operating model

Revenue model
Donor-supported. 87% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 75% for direct work, and 25% for grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of total spending goes to programs and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 85
  • Accountability: 56
  • Sustainability: 19
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 97.7%; rating input score 98
  • Program expense ratio: 54.5%; rating input score 54
  • Fundraising efficiency: $2.82 raised per $1 spent on fundraising; rating input score 12; 12th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.8%; rating input score 94; 25th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 76.7%; rating input score 77; 44th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 75%; rating input score 75; 18th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -50.6%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 0.13; rating input score 8; 8th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 47; 47th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 71; 71st percentile among comparable filings

Growth

  • Program expense growth: -6.7% per year; rating input score 0; 19th percentile among comparable filings
  • Revenue growth: -0.7% per year; rating input score 0; 29th percentile among comparable filings
  • Asset growth: 4.4% per year; rating input score 100; 52nd percentile among comparable filings

Details

  • Where the money goes: 97.7% of revenue deployed · 54.5% of spending went to programs
  • Governance: 3 of 4 board members independent · 2 of 7 filing controls reported
  • Programs: 4 filed program accomplishments · $265K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 23 of 24 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 8 filing years from 2011 to 2019
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 2 filed related-organization links
  • 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.

  • Review — Financial Efficiency: Program expense ratio scored 54/100.
  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Financial Efficiency: Fundraising efficiency scored 12/100.
  • High — Sustainability: Operating margin scored 5/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 8/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Liabilities to assets ratio scored 47/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.