2020-08-04T13:47:54-05:00 2019-09-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2018-10-01 030483824 WORLD EDUCATION AND DEVELOPMENT FUND WORL 2027381341 1800 M STREET NW NO 33115 WASHINGTON DC 20033 AVI FICHMAN CHIEF FINANCIAL OFFICER 2027381341 2020-08-04 1 RICHARD J LOCASTRO CPA P00288314 3019519090 75.103.231.202 2020-08-04 14:47:57 ED P 8A04992F9AA5330EDB38CCF362EE047B41C21F8B D09B25F2EF68C29D358303A1D2DCFCCD9E3A835B 2018 2020-11-19 02:30:22Z X EDUCANDO KELLY A MAURICE 1800 M STREET NW NO 33115 WASHINGTON DC 20033 1899862 0 X WWW.WORLDFUND.ORG X 2002 NY SEE PART III, LINE 1. 21 21 8 23 0 0 2432631 1852842 553784 0 75504 42653 -69564 4367 2992355 1899862 6759 0 0 0 1663850 1400938 0 0 486522 2179576 1749936 3850185 3150874 -857830 -1251012 4507840 3121967 564691 431711 3943149 2690256 WORLDFUND'S MISSION IS TO DELIVER WORLD-CLASS TRAINING AND ONGOING SUPPORT TO TEACHERS AND PRINCIPALS FROM UNDERSERVED SCHOOLS IN LATIN AMERICA, FUNDAMENTALLY IMPACTING THE SYSTEM FROM THE BOTTOM UP. 0 0 1123447 STEM BRASIL AND MEXICO: WORLDFUND'S TEACHER TRAINING PROGRAM FOR PUBLIC HIGH SCHOOL TEACHERS OF BIOLOGY, CHEMISTRY, MATH, PHYSICS, AND 21ST CENTURY SKILLS. THE PROGRAM TRAINS TEACHERS TO ENGAGE STUDENTS IN MATH AND SCIENCES THROUGH PROJECT-BASED ACTIVITIES THAT COMPLEMENT THE SCHOOL CURRICULUM. 592629 INTER-AMERICAN PARTNERSHIP FOR EDUCATION: WORLDFUND'S POST-GRADUATE PROGRAM THAT AIMS TO TRANSFORM ENGLISH LANGUAGE INSTRUCTION IN MEXICO'S PUBLIC SCHOOLS BY TRAINING AND SUPPORTING A DEDICATED NETWORK OF INNOVATIVE AND DYNAMIC ENGLISH INSTRUCTION EDUCATORS. 746603 PRINCIPAL TRAINING PROGRAM (LISTO): WORLDFUND'S LEADERSHIP TRAINING PROGRAM FOR PRINCIPALS IN PRIMARY AND SECONDARY PUBLIC SCHOOLS IN MEXICO. THE PROGRAM AIMS, THROUGH WORKSHOPS AND COACHING, TO TEACH CONCRETE LEADERSHIP SKILLS TO PRINCIPALS THAT WILL ENABLE THEM TO EFFECTIVELY LEAD THEIR SCHOOLS AND COMMUNITIES. 2462679 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 12 0 1 8 1 0 1 MX BR 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 NY X X AVI FICHMAN 2027381341 1800 M STREET NW 33115 WASHINGTON DC 20033 LUANNE ZURLO CO-CHAIR 0.50 X X 0 0 0 STEVEN SHINDLER CO-CHAIR/CHAIR OF EXECUTIVE 0.50 X X 0 0 0 MARK DENHAM SECRETARY 0.50 X X 0 0 0 CECILIA BILESIO DIRECTOR 0.50 X 0 0 0 MARY BOURQUE DIRECTOR/ CHAIR OF FINANCE COMMITTEE 0.50 X 0 0 0 DENISE DAMIANI DIRECTOR/ CHAIR OF BR COMMITTEE 0.50 X 0 0 0 PABLO GARZA SADA DIRECTOR 0.50 X 0 0 0 ANDREA WEICHERT DIRECTOR 0.50 X 0 0 0 TARA KENNEY DIRECTOR 0.50 X 0 0 0 SUSANNA COPPEL DIRECTOR 0.50 X 0 0 0 MIMI LICHTENSTEIN DIRECTOR 0.50 X 0 0 0 ARTURO LOPEZ MARTIN DIRECTOR/ CHAIR OF MX COMMITTEE 0.50 X 0 0 0 MARCOS MAGALHAES DIRECTOR 0.50 X 0 0 0 OSCAR DECOTELLI DIRECTOR 0.50 X 0 0 0 LISANDRO MIGUENS DIRECTOR 0.50 X 0 0 0 BRADSHAW MCKEE DIRECTOR 0.50 X 0 0 0 NADIA SCHAREN-GUIVEL DIRECTOR/ CHAIR OF DEVELOP COMMITTEE 0.50 X 0 0 0 ROSE SCHETTINI DIRECTOR 0.50 X 0 0 0 KATHERINE SHEA WESTRA DIRECTOR/CHAIR OF AUDIT COMMITTEE 0.50 X 0 0 0 RONALDO STERN DIRECTOR/CHAIR OF COMM. COMMITTEE 0.50 X 0 0 0 JANE WINSLOW DIRECTOR/CHAIR OF NOMINATING/GOVERN. 0.50 X 0 0 0 KELLY A MAURICE EXECUTIVE DIRECTOR 40.00 X 150000 0 11691 AVI FICHMAN CFO (FROM 8/2018) 40.00 X 40000 0 2923 190000 0 14614 1 0 1 0 GC GENERA S DE RL MICHIGAN 18 COL VISTA ALEGRE PUEBLA PUEBLA MX 72594 EXTERNAL EVALUATION SERVICES 106641 KIWI PARTNERS INC 237 WEST 35TH STREET NEW YORK NY 10001 ACCOUNTING 105644 2 392244 1460598 1852842 42653 42653 MISCELLANEOUS 900099 4367 4367 4367 1899862 0 0 47020 X 295196 177118 56039 62039 850304 618632 33767 197905 66259 48507 5505 12247 189179 131610 21811 35758 4186 3978 69 139 144730 79475 26386 38869 690068 637791 4440 47837 33723 33723 65260 38985 15666 10609 19087 17673 501 913 95011 69460 9659 15892 310384 295037 4062 11285 12643 12324 139 180 7874 6063 728 1083 17401 11522 2351 3528 BRAZIL TAXES 10557 10557 BOOKS & CLASS SUPPLIES 180817 180757 60 EVALUATIONS 115432 115432 FUNDRAISING 18191 6792 2717 8682 24572 11523 7276 5773 3150874 2462679 201673 486522 535331 360635 2216868 1168835 1636554 1109080 36739 261121 27445 190499 143548 124241 27337 19307 27566 12490 4507840 3121967 259538 250567 284223 181144 20930 0 564691 431711 X 647248 475474 3295901 2214782 3943149 2690256 4507840 3121967 X -1251012 -1881 X 0 1 X 1 0 X 3788531 1956445 4951872 2432631 1852842 14982321 3788531 1956445 4951872 2432631 1852842 14982321 5149476 9832845 19727 20520 40816 75504 42463 199030 49 69 844 4367 5329 15186680 718241 0.64750 0.67750 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 57815 40626 17189 85733 83615 2118 19307 X 1958410 58548 58548 1899862 0 1899862 3198865 58548 58548 3140317 10557 10557 3150874 PART X, LINE 2: FOR THE YEAR ENDED SEPTEMBER 30, 2019, EDUCANDO HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XII, LINE 4B - OTHER ADJUSTMENTS: BRAZIL OFFICE TAXES SHOWN AS OTHER ITEM ON THE FINANCIAL 10,557. STATEMENTS AND REPORTED AS EXPENSE ON FORM 990, PART IX, LINE 24. NORTH AMERICA 1 19 PROGRAM SERVICE ACTIVITIES IAPE PROGRAM (INTENSIVE ENGLISH TEACHER TRAINING); LISTO PROGRAM (INTENSIVE COURSE OF STUDY FOR PRINCIPALS) AND STEM MEXICO (TRAINING PROGRAM FOR SCIENCE AND MATH FOR TEACHERS) 1585415 SOUTH AMERICA 2 16 PROGRAM SERVICE ACTIVITIES STEM BRASIL PROGRAM (TRAINING PROGRAM FOR SCIENCE AND MATH SECONDARY TEACHERS IN PUBLIC SCHOOLS) 880527 3 35 0 0 3 35 2465942 0 2465942 0 0 0 0 0 0 X X X 0 0 0 0 0 0 0 0 0 KELLY A MAURICE EXECUTIVE DIRECTOR 150000 0 0 0 0 0 0 0 11691 0 161691 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B MINUTES OF THE BOARD OF DIRECTORS MEETINGS ARE MAINTAINED. MINUTES OF THE EXECUTIVE COMMITTEE MEETINGS HAVE NOT BEEN MAINTAINED; HOWEVER, ALL DECISIONS AND MOTIONS APPROVED BY THE EXECUTIVE COMMITTEE GO TO THE BOARD FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE AUDIT COMMITTEE. FOLLOWING THEIR APPROVAL, THE DOCUMENT WAS DISTRIBUTED TO THE ENTIRE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C WORLDFUND HAS A CONFLICT OF INTEREST POLICY THAT WAS APPROVED BY THE BOARD OF DIRECTORS AND INSTITUTED THROUGHOUT THE ORGANIZATION. ALL WORLDFUND OFFICERS, EMPLOYEES WITH FIDUCIARY RESPONSIBILITY AND DIRECTORS OF THE BOARD SIGN THE POLICY ANNUALLY. WITHIN THE POLICY IS A DETAILED SET OF PROCEDURES IN THE EVENT THE ORGANIZATION NEEDS TO ADDRESS A POTENTIAL CONFLICT OF INTEREST. ALSO DETAILED IN THE POLICY ARE MEASURES TO BE TAKEN IN THE EVENT OF A VIOLATION. THE FOLLOWING ARE PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST: - AN INTERESTED PERSON MAKES A PRESENTATION AT THE BOARD OF DIRECTORS OR EXECUTIVE COMMITTEE MEETING, AFTER THE PRESENTATION, HE/SHE LEAVES THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. - THE CHAIRPERSON OF THE BOARD OF DIRECTORS OR EXECUTIVE COMMITTEE, IF APPROPRIATE, APPOINTS A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. - AFTER EXERCISING DUE DILIGENCE, THE BOARD OF DIRECTORS OR EXECUTIVE COMMITTEE DETERMINES WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A TRANSACTION OR ARRANGEMENT THAT IS MORE ADVANTAGEOUS OR BETTER SERVES ITS CHARITABLE PURPOSES FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. - IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD OF DIRECTORS OR EXECUTIVE COMMITTEE DETERMINES BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT OR IN FURTHERANCE OF ITS CHARITABLE PURPOSES, AND WHETHER IT IS FAIR AND REASONABLE. - IN CONFORMITY WITH THE ABOVE DETERMINATION IT MAKES ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. IF THE BOARD OF DIRECTORS OR EXECUTIVE COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT INFORMS THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORDS THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD OF DIRECTORS OR EXECUTIVE COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT TAKES APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION REVIEW PROCESS IS DONE ON AN ANNUAL BASIS. THE BOARD'S EXECUTIVE COMMITTEE MEETS TO DISCUSS THE JOB PERFORMANCES OF THE SENIOR EXECUTIVES/OFFICERS AND REVIEWS RECENT DATA COMPILED ON COMPARABLE NONPROFIT EXECUTIVE PAY. BASED ON JOB PERFORMANCE, CURRENT PAY RANGES FOR COMPARABLE NONPROFIT EXECUTIVES, AND THE FISCAL HEALTH OF WORLDFUND, THE EXECUTIVE COMMITTEE REVIEWS COMPENSATION AND DETERMINES WHETHER ACTION IS NEEDED TO ADJUST THE SALARY LEVELS CONSIDERING THESE THREE CRITICAL FACTORS. THE DATE OF THE LAST COMPENSATION REVIEW WAS JUNE 2019. FORM 990, PART VI, SECTION C, LINE 19 WORLDFUND MAKES ALL REQUIRED FINANCIAL DOCUMENTS AVAILABLE TO THE PUBLIC THROUGH ITS WEBSITE (WWW.WORLDFUND.ORG OR WWW.EDUCANDO.ORG) WHERE ANYONE CAN VIEW AND/OR DOWNLOAD THEM AS WELL AS UPON REQUEST IN PERSON OR THROUGH VERBAL OR WRITTEN REQUEST. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G BRAZIL CONSULTANTS: PROGRAM SERVICE EXPENSES 275,051. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 42,623. TOTAL EXPENSES 317,674. CONSULTANTS: PROGRAM SERVICE EXPENSES 11,334. MANAGEMENT AND GENERAL EXPENSES 3,305. FUNDRAISING EXPENSES 3,526. TOTAL EXPENSES 18,165. STAFF & CURRICULUM DEVELOPMENT: PROGRAM SERVICE EXPENSES 56,838. MANAGEMENT AND GENERAL EXPENSES 1,135. FUNDRAISING EXPENSES 1,688. TOTAL EXPENSES 59,661. PROGRAM INSTRUCTORS: PROGRAM SERVICE EXPENSES 294,568. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 294,568. FORM 990, PART XI, LINE 9: LOSS ON CURRENCY TRANSLATION -1,881. WORLDFUND MEXICO AC MONTECITO 38 PISO 17 OFICINAS 10 Y CIUDAD DE MEXICO ESTADO DE MX 03810 PROMOTE & SUPPORT WORLDFUND'S MISSION, ACTIVITIES & PROGRAMS AT LOCAL LEVEL. MX 501(C)(3) LINE 7 WORLDFUND 1 ASSOCIACAO WORLDFUND BRASIL AVE DR ALBERTO DE OLIVERA LIMA 1 SAO PAULO SP BR PROMOTE & SUPPORT WORLDFUND'S MISSION, ACTIVITIES & PROGRAMS AT LOCAL LEVEL. BR 501(C)(3) LINE 7 WORLDFUND 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0