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Top Rated

World Neighbors

CharityWatch report issued
November 2017

Top-Rated Charity
A
CharityWatch Grade
Our independent grade based
on a number of factors.
 
85%
Program Percentage
Amount spent on programs
relative to overhead.
 
$13
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

World Neighbors
5600 North May Ave
Suite 160
Oklahoma City, OK 73112-4222

Other Names

None

Tax Status

501(c)3

Website

www.wn.org

Stated Mission

Inspires people and strengthens communities to find lasting solutions to hunger, poverty and disease and to promote a healthy environment.

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Data based on Fiscal Year Ended 06/30/2017

Program Percentage: 85%

The percentage of World Neighbors's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$3,900,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $13

How many dollars World Neighbors spends on fundraising to raise each $100 of contributions.

$2,900,000

Calculated Total Contributions

(rounded)

Government Funding

25% to 49%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
World Neighbors IRS Form 990 73-0707328
World Neighbors Audited Financial Statements 73-0707328
Entity: World Neighbors
Document Type: IRS Form 990
Tax ID: 73-0707328
Entity: World Neighbors
Document Type: Audited Financial Statements
Tax ID: 73-0707328

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
This charity is Top-Rated
What does it mean to be Top-Rated?
 
World Neighbors
meets governance benchmarks.
 
World Neighbors
meets transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy No Sharing  

  Name Title Compensation
1 Kate Schecter President/CEO $204,180
2 Robert Lachance CFO $114,655
1
Name: Kate Schecter
Title: President/CEO
Compensation: $204,180
2
Name: Robert Lachance
Title: CFO
Compensation: $114,655

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.
According to the World Neighbors audit of June 30, 2016 (Note B, Divestiture from Feed the Children):

"Effective March 1, 2013, World Neighbors and Feed the Children, Inc. ('Feed the Children') entered into an affiliation agreement with the goal of building on existing programs and organizations to enhance each organization's charitable mission. This agreement could be terminated at any time at the sole discretion of Feed the Children.

"Effective June 30, 2016, both parties acknowledged and agreed that Feed the Children terminate the affiliation. This action, and the resulting Separation Agreement, ended the affiliation between the two entities..."


On August 16, 2016, CharityWatch received from World Neighbors a copy of the executed Separation Agreement, "pursuant to which World Neighbors, Inc. will become a self-sufficient, independent organization apart from Feed The Children, Inc. once again." Effective June 30, 2016, the Agreement terminates the Memorandum of Understanding dated March 1, 2013 between World Neighbors and Feed The Children. The Agreement "thereby ends the affiliation between the two entities and ends the parent subsidiary relationship, with Feed The Children, Inc. serving as the parent and World Neighbors, Inc. as the subsidiary..."
According to the World Neighbors (WN) tax filing for the fiscal year-ended June 30, 2017, WN reports receiving in-kind donated services and use of facilities on which it placed a value of $162,489 (IRS Form 990, Schedule D, Part XI).

[Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.]
According to the World Neighbors audit of June 30, 2017 (Note M, Concentrations of Credit Risk):

"Concentrations of operations located outside the United States represent 21% of the carrying amount of net unrestricted assets; consisting primarily of cash, property and equipment. Foreign field program expenses represent 71% of the total field program expenses reported [of $3,127,451]..."

"The Organization's operations in Latin American and the Caribbean (Bolivia, Guatemala, Haiti and Peru), Africa (Burkina Faso, Kenya, Mali, Tanzania and Uganda), South Asia (India and Nepal) and Southeast Asia (Indonesia and Timor-Leste) are subject to risks inherent in operating in these sovereign states that are not typically associated with operations in North America. Accordingly, the Organization's financial condition and activities may be influenced by the political, economic, and legal environments in these sovereign states. As a result, World Neighbors' activities in these states are subject to a variety of risks, including:

-- Social, political, and economic instability;
-- Inflation;
-- Unexpected changes in regulatory requirements; and,
-- Fluctuations in foreign exchange rates."

"Any of these developments, or others, could adversely affect World Neighbors' financial condition and activities."

"...Fifty four percent [54%] of total contribution revenues were provided by six donors for the year ended June 30, 2017."
According to the World Neighbors audit of June 30, 2017 (Note O, Commitments):

"The Organization has an employment agreement with its President and Chief Executive Officer, which extends through June 30, 2018. The aggregate commitment under this agreement was approximately $192,474 at June 30, 2017."