Overview
What is World Connect Inc?
World Connect Inc, based in New York City, New York, is a nonprofit organization dedicated to fostering change in underprivileged communities worldwide. In 2022, they awarded a substantial grant of 556,765 dollars to 96 projects, supporting initiatives that promote health, protect the environment, and enhance education and economic opportunities, with a specific focus on women and children. World Connect collaborates with strategic partners to empower local grassroots leaders and facilitate project development. Their approach involves providing early-stage funding for locally led and designed projects, which have the potential to drive sustainable, transformative development in the most impoverished regions of the globe.
Official website here: www.worldconnect-us.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star rating)
World Connect Inc has achieved a remarkable Four-Star rating from Charity Navigator, indicating exemplary performance in accountability and financial management. With a perfect score of 100% in all evaluated categories, the organization demonstrates a high level of transparency and ethical governance, including having a fully independent board and comprehensive conflict of interest and whistleblower policies in place.
The financial health of World Connect Inc is robust, as evidenced by an impressive program expense ratio of 80.40% and a low fundraising efficiency ratio of $0.09, indicating effective use of donations for its programs. The organization also maintains a low ratio of liabilities to assets at 8.91%, showcasing its strong financial position and sustainability.
While the data highlights the nonprofit's strengths, the focus on financial metrics may limit insight into qualitative impacts and beneficiary feedback. Nonetheless, the strong accountability practices and operational efficiency reflect positively on the overall effectiveness of World Connect Inc.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about World Connect Inc?
100% of reviewers on Facebook recommend World Connect Inc. Here is a summary of their reviews:
The organization is highly praised for its impactful humanitarian efforts, particularly in providing aid to the poor, orphans, and widows. Reviewers commend World Connect for its dedication to fostering community organization and development, highlighting the positive change it brings to those in need.
Overall, people feel that World Connect Inc. is truly making a difference in the lives of many, delivering on its promise of hope and support for vulnerable populations.
This AI summary has been generated from reviews found on Facebook.
Is World Connect Inc legitimate?
World Connect Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. World Connect Inc 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: $233,299
Professional Fundraising Fees: $0
Other Salaries and Wages: $656,127
For more financial information, click here
Official website here: www.worldconnect-us.org
What is the mission statement of World Connect Inc?
World Connect Inc invests in early-stage funding for grassroots, locally-led projects that drive transformative, self-sustaining development in the most under-resourced areas globally. Their mission is to empower these communities by supporting locally-designed initiatives that promote health, environmental protection, education, and economic opportunities, with a particular focus on women and children. World Connect collaborates with strategic partners in the field to foster genuine grassroots leadership and project development. The organization's grant-funded projects must be locally led and demonstrate the potential for further community-led development. In 2022, World Connect awarded grants totaling 556,765 USD for 96 such projects.
Official website here: www.worldconnect-us.org
Who is the CEO of World Connect Inc?
Pamela Nathenson is the Executive Di of World Connect Inc.
Official website here: www.worldconnect-us.org
What is the revenue of World Connect Inc?
World Connect Inc's revenue in 2022 was $2,462,848.
Official website here: www.worldconnect-us.org
Who are the executives of World Connect Inc and what are their salaries?
The average compensation at World Connect Inc during 2022 was $148,238. There are 6 employees and 25 volunteers at World Connect Inc.
Here are 25 key members and their salaries:
- Compensation: $189,000
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- Other: $44,299
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- Other: $3,638
- Compensation: $110,000
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- Other: $24,043
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Official website here: www.worldconnect-us.org
Where can I find the form 990 for World Connect Inc?
World Connect Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.worldconnect-us.org
Learn more at the official website: www.worldconnect-us.org
Mission Statement of World Connect Inc
World Connect Inc invests in early-stage funding for grassroots, locally designed and led projects that foster transformative, self-sustaining development in the most under-resourced areas worldwide. Their mission is centered around supporting initiatives that promote health, protect the environment, increase education, and create economic opportunities, with a particular focus on empowering women and children. World Connect collaborates with strategic partners in the field, ensuring the growth and success of genuine grassroots leadership and project development. The organization's projects must be locally led, demonstrating the potential for further community-driven development.
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Impact
July, 2024
World Connect Inc's impact can be observed in the tangible difference it makes in under-resourced areas around the world. Through its early-stage funding, the organization supports grassroots projects that focus on promoting health, protecting the environment, and increasing education and economic opportunities, particularly for women and children. In 2022 alone, World Connect awarded $556,765 in grants for 96 projects, showcasing its commitment to driving transformative and self-sustaining development. By working closely with strategic partners and emphasizing locally-led initiatives, World Connect ensures that communities have the resources and support to lead their own development efforts. This approach not only results in immediate positive outcomes but also sets the stage for further community-led development, making World Connect a key player in the global efforts towards sustainable progress.
This information is meant to be a general summary of World Connect Inc. 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: -$176
- Gross Receipts: $2,671,665
Assets and Liabilities:
- Total Assets: $1,841,564
- Total Liabilities: $164,142
- Net Assets: $1,677,422
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Organization Details
Founding Year
2005
Phone
(646) 408-1257Principal Officer
Pamela Nathenson
Main Address
632 BROADWAY SUITE 901, NEW YORK, NY, 10012
Website
www.worldconnect-us.orgNTEE Category
Code: Q33 - International
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