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Worlds Of Opportunity Ii

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 301061113 ✦ Philadelphia, PA ✦ Designated as a 501(c)(3)

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Overview

What is Worlds Of Opportunity Ii?

Worlds Of Opportunity II is a nonprofit organization situated in Philadelphia, Pennsylvania. Its primary mission is to provide school facilities for not-for-profit educational institutions, specifically, to lease property to Independence Charter School - West. This organization operates under the 501(c)(3) tax-exempt status, with the aim of contributing to the educational sector by offering suitable learning environments to not-for-profit schools.

Is Worlds Of Opportunity Ii legitimate?

Worlds Of Opportunity Ii is a legitimate nonprofit organization registered as a 501(c)(3) entity. Worlds Of Opportunity Ii 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Worlds Of Opportunity Ii?

Worlds of Opportunity II's mission is centered around owning and leasing school facilities to non-profit educational institutions. By doing so, it aims to contribute to the expansion and continuity of quality educational spaces for these organizations. The organization has entered into a lease agreement with Independence Charter School - West, a non-profit entity, as an example of its mission in action. This commitment to providing facilities for not-for-profit schools reflects Worlds of Opportunity II's dedication to supporting educational growth and accessibility.

Who is the CEO of Worlds Of Opportunity Ii?

Gloria Shabazz is the President of Worlds Of Opportunity Ii.

What is the revenue of Worlds Of Opportunity Ii?

Worlds Of Opportunity Ii's revenue in 2022 was $1,765,296.

Who are the executives of Worlds Of Opportunity Ii and what are their salaries?


Here are 3 key members and their salaries:


Gloria Shabazz (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dyana Reid (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pedro Rodriguez (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Worlds Of Opportunity Ii?

Worlds Of Opportunity Ii's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Worlds Of Opportunity Ii

Worlds of Opportunity II is an organization with a mission to contribute to the educational sector by leasing school facilities to not-for-profit educational institutions. This mission is carried out by providing property for use to Independent Charter School - West, a non-profit entity established under 501(c)(3) with an EIN of 47-4364095. By leasing its properties, Worlds of Opportunity II helps not-for-profit schools to establish and operate their educational programs, thereby contributing to the availability of quality education for the community. This approach allows not-for-profit schools to focus on their core mission of education without the burden of property acquisition and maintenance, ultimately benefiting the students and the community as a whole.

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Impact




October, 2024

Worlds Of Opportunity II significantly impacts the educational landscape by providing essential facilities for not-for-profit schools, specifically by owning and leasing properties to educational institutions like Independence Charter School - West. This arrangement allows schools to focus on their primary mission of delivering quality education without the financial burden of property ownership. By securing environments conducive to learning, Worlds Of Opportunity II enhances access to educational resources, fosters community engagement, and supports the overall growth of these charter schools. This ultimately contributes to a better educational experience for students in Philadelphia, aligning with the broader mission of promoting education and fostering opportunities for future generations.




This information is meant to be a general summary of Worlds Of Opportunity Ii. 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.

Revenue
$1,765,296 (2022)
Expenses
$1,942,962 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,311
  • Program Service Revenue: $1,763,985
  • Gross Receipts: $1,765,296

Assets and Liabilities:

  • Total Assets: $25,161,805
  • Total Liabilities: $25,593,245
  • Net Assets: -$431,440

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$1,763,985

Organization Details

Founding Year

2015

Principal Officer

Gloria Shabazz

Main Address

5600 CHESTER AVENUE, PHILADELPHIA, PA, 191435314

NTEE Category

Code: B11 - Education

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