Overview
What is Worlds Of Opportunity Foundation?
The Worlds Of Opportunity Foundation is a nonprofit organization situated in Philadelphia, Pennsylvania. Its primary mission revolves around leasing property to not-for-profit educational institutions, specifically schools that have been established under Section 501(C)(3). By providing school facilities, the foundation contributes to the growth and development of these educational institutions, thereby fostering opportunities for learning and growth in the community. The organization, as per the given data, has its headquarters located at 1600 Lombard Street, Philadelphia, PA 19146.
Is Worlds Of Opportunity Foundation legitimate?
Worlds Of Opportunity Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Worlds Of Opportunity Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of Worlds Of Opportunity Foundation?
The Worlds Of Opportunity Foundation's mission is centered around leasing school facilities to not-for-profit educational institutions. By owning and leasing such properties, the foundation aims to support the operation of these educational entities, thereby contributing to the provision of quality education for various communities. An example of their work is leasing a property to Independence Charter School, an organization established under Section 501(c)(3). This leasing arrangement allows these not-for-profit schools to operate and provide educational services to their communities.
Who is the CEO of Worlds Of Opportunity Foundation?
John Eagen is the President of Worlds Of Opportunity Foundation.
What is the revenue of Worlds Of Opportunity Foundation?
Worlds Of Opportunity Foundation's revenue in 2022 was $1,567,420.
Who are the executives of Worlds Of Opportunity Foundation and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Worlds Of Opportunity Foundation?
Worlds Of Opportunity Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Worlds Of Opportunity Foundation
The Worlds of Opportunity Foundation is committed to a mission that involves owning and leasing school facilities to not-for-profit educational institutions. This organization serves as a vital partner to such schools, providing them with the necessary infrastructure to carry out their educational missions. In one instance, the Worlds of Opportunity Foundation has leased a property to Independence Charter School, a not-for-profit entity established under Section 501(c)(3) with an Employer Identification Number (EIN) of 23-3060261. This partnership allows the school to operate effectively, providing quality education to its students. By owning and leasing school facilities, the Worlds of Opportunity Foundation plays a crucial role in supporting the growth and success of not-for-profit educational institutions.
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Impact
October, 2024
Worlds Of Opportunity Foundation significantly contributes to the educational landscape by owning and leasing school facilities specifically designed for not-for-profit schools. This initiative provides essential resources to educational institutions, such as Independence Charter School in Philadelphia, enhancing access to quality education for the community.
By ensuring that not-for-profit schools have the infrastructure they need, Worlds Of Opportunity Foundation fosters an environment where innovative and effective teaching methods can thrive. Their commitment to supporting education helps to create stable learning environments, allowing students to focus on their academic growth and personal development. The foundation's work ultimately leads to better educational outcomes and supports the broader goal of enhancing educational equity in the region.
This information is meant to be a general summary of Worlds Of Opportunity Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $107
- Program Service Revenue: $1,567,313
- Gross Receipts: $1,567,420
Assets and Liabilities:
- Total Assets: $21,542,313
- Total Liabilities: $23,003,994
- Net Assets: -$1,461,681
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL - 1600 LOMBARD
Revenue
$1,567,313
Organization Details
Founding Year
2005
Phone
(856) 505-1300Principal Officer
John Eagen
Main Address
1600 LOMBARD STREET, PHILADELPHIA, PA, 19146
NTEE Category
Code: B11 - Education
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