Overview
What is World Basc Organization Inc?
World Basc Organization Inc, based in Miami Springs, Florida, is a nonprofit organization with a focus on promoting safe trade. Their mission involves cooperating voluntarily with various entities, such as governments, border agencies, control authorities, and international organizations, to prevent the use of international trade supply chains for illicit activities, including terrorism, smuggling, drug trafficking, and intellectual property violations that potentially threaten national security. The organization has a membership program that encourages its members to develop and implement preventative measures in this regard. With a team of seven dedicated individuals, World Basc Organization Inc plays a crucial role in promoting secure trade practices worldwide.
Official website here: www.wbasco.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Star rating.
World Basc Organization Inc has received a low rating of 52%, indicating significant concerns regarding its financial accountability and operational transparency. While the charity has a good majority of independent board members and has implemented several key policies such as conflict of interest and whistleblower policies, it lacks in critical areas like providing financial statements and has not documented retention policies.
The organization has a favorable liabilities to assets ratio at 15.24%, which suggests that it is not overly leveraged. However, its program expense ratio is concerning at only 50.11%, meaning that less than half of its expenditures go directly towards its stated programs, raising questions about its effectiveness and financial prioritization. The absence of financial statements further complicates the evaluation of its fiscal health and operational practices.
Overall, while there are some positive aspects regarding governance and board independence, the lack of transparency and low program spending relative to overall expenses are significant limitations. Potential donors and stakeholders may want to approach with caution until improvements are made in financial reporting and program allocation.
This AI summary has been generated from information found on Charity Navigator.
Is World Basc Organization Inc legitimate?
World Basc Organization Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. World Basc Organization 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: $176,832
Professional Fundraising Fees: $0
Other Salaries and Wages: $320,520
For more financial information, click here
Official website here: www.wbasco.org
What is the mission statement of World Basc Organization Inc?
The World Basc Organization Inc, in its mission, collaborates voluntarily with governments, border agencies, control authorities, and international organizations to advocate for safe trade. Their primary goal is to prevent international trade supply chains from being utilized for financing illicit activities such as terrorism, smuggling, drug trafficking, and intellectual property violations that pose threats to the security of various nations. To achieve this, they encourage their member organizations to implement preventive and protective measures.
Official website here: www.wbasco.org
Who is the CEO of World Basc Organization Inc?
Edmundo Erik Moncayo is the Chairman of World Basc Organization Inc.
Official website here: www.wbasco.org
What is the revenue of World Basc Organization Inc?
World Basc Organization Inc's revenue in 2022 was $1,051,820.
Official website here: www.wbasco.org
Who are the executives of World Basc Organization Inc and what are their salaries?
The average compensation at World Basc Organization Inc during 2022 was $71,050. There are 7 employees and 5 volunteers at World Basc Organization Inc.
Here are 13 key members and their salaries:
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Official website here: www.wbasco.org
Where can I find the form 990 for World Basc Organization Inc?
World Basc Organization Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wbasco.org
Learn more at the official website: www.wbasco.org
Mission Statement of World Basc Organization Inc
World Basc Organization Inc, in its mission, collaborates voluntarily with various entities such as governments, border agencies, control authorities, and international organizations. Its primary objective is to promote safe trade. By doing so, the organization seeks to prevent the misuse of international trade supply chains for illicit activities. These activities include financing terrorist acts, smuggling, drug trafficking, and intellectual property violations that pose threats to the security of countries. The organization achieves this by encouraging its members to develop and implement preventive and protective measures. These measures are aimed at curbing the use of international trade as a medium for such harmful activities.
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Impact
July, 2024
World Basc Organization Inc impacts global trade by promoting safe practices and preventing the misuse of the international trade supply chain for illicit activities. Through its membership program, the organization works with governments, border agencies, control authorities, and international organizations to implement prevention and protection measures. By focusing on issues such as terrorism, smuggling, drug trafficking, and intellectual property violations, World Basc Organization Inc helps safeguard the security of countries and foster a more secure trading environment.
This information is meant to be a general summary of World Basc Organization 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.
- Program Service Revenue: $120,370
- Gross Receipts: $1,051,820
Assets and Liabilities:
- Total Assets: $971,002
- Total Liabilities: $190,145
- Net Assets: $780,857
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Training Income
Revenue
$120,370
Organization Details
Founding Year
2016
Phone
(305) 602-4420Principal Officer
Edmundo Erik Moncayo
Main Address
PO Box 660473, Miami Springs, FL, 33266
Website
www.wbasco.orgNTEE Category
Code: B60 - Education
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