2024-11-12T11:22:44-06:00 2024-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2023-07-01 521514424 WORLD AFFAIRS COUNCILS OF AMERICA WORL 2028334557 1000 VERMONT AVENUE NW 900 WASHINGTON DC 20005 MATTHEW HUGHES PRESIDENT & CEO 2028334557 2024-11-12 1 0 RICHARD J LOCASTRO CPA P00288314 3019519090 2023 2024-10-15 13:58:12Z MATTHEW HUGHES 1000 VERMONT AVENUE NW 900 WASHINGTON DC 20005 2570285 0 X WWW.WORLDAFFAIRSCOUNCILS.ORG X 1986 DC SEE PART III, LINE 1. 21 21 5 55 0 0 391878 405436 131810 99089 395357 430757 21822 60000 940867 995282 86630 56617 0 0 347362 438836 0 0 17306 483257 567973 917249 1063426 23618 -68144 12028287 13318989 155263 284796 11873024 13034193 X THE WORLD AFFAIRS COUNCILS OF AMERICA SUPPORTS, STRENGTHENS, AND REPRESENTS A NATIONAL NETWORK OF 90 NONPARTISAN ORGANIZATIONS WORKING TO DEEPEN THEIR COMMUNITIES' GLOBAL PERSPECTIVE. 0 0 20561 14000 SPEAKER PROGRAM - ENGAGE AMERICA SPEAKER SERIES:THE WACA NATIONAL OFFICE PARTNERS WITH THINK TANKS, FOUNDATIONS, NGOS, CORPORATIONS, AND OCCASIONALLY GOVERNMENT ENTITIES TO ARRANGE TIMELY "NATIONAL CONVERSATIONS" AT SEVERAL WORLD AFFAIRS COUNCILS ACROSS THE COUNTRY ON CRITICAL INTERNATIONAL TOPICS.' 352882 95889 NATIONAL CONFERENCE:FOR NEARLY FOUR DECADES, THE WACA NATIONAL CONFERENCE HAS BROUGHT WORLD AFFAIRS COUNCIL LEADERS AND MEMBERS TO ENGAGE WITH TOP GOVERNMENT OFFICIALS, DIPLOMATS, BUSINESS EXECUTIVES, INNOVATORS, JOURNALISTS, EDUCATORS, AND STUDENTS ON THE MOST PRESSING GLOBAL ISSUES AND POLICY CHOICES THAT IMPACT OUR LIVES.THIS ANNUAL EVENT IN WASHINGTON, DC, INSPIRES DIVERSE COUNCILS FROM 90 COMMUNITIES TO SUSTAIN THE CONVERSATION ON CRITICAL GLOBAL ISSUES AND CONTRIBUTE TO A STRONGER NETWORK AND INFORMED AMERICAN PUBLIC. 467709 42617 3200 OTHER PROGRAMS:1. ACADEMIC WORLDQUEST (AWQ) INSPIRES HIGH SCHOOL STUDENTS AND TEACHERS ACROSS THE UNITED STATES TO EMBRACE A CULTURE OF GLOBAL ENGAGEMENT. NATIONWIDE, MORE THAN 40 LOCAL WORLD AFFAIRS COUNCILS HOST COMMUNITY ACADEMIC WORLDQUEST COMPETITIONS THROUGHOUT THE YEAR, ENGAGING OVER 3,000 STUDENTS IN SCHOOLS ACROSS DIVERSE GEOGRAPHIC AND ECONOMIC LINES AS THEY VIE FOR THE ULTIMATE PRIZE: REPRESENTING THEIR COMMUNITIES AT THE CARLOS AND MALU ALVAREZ ACADEMIC WORLDQUEST NATIONAL COMPETITION IN WASHINGTON, DC.2. THE COUNCIL LEADERSHIP MEETING HOLDS SPACE FOR COUNCIL LEADERS TO NETWORK WITH PEERS, ENGAGE IN INFORMATIVE SESSIONS, AND GAIN VALUABLE INSIGHTS INTO CHALLENGES AND OPPORTUNITIES THAT IMPACT THE COUNCIL NETWORK.3. AS PART OF STRENGTHENING COUNCILS AROUND THE COUNTRY, WACA VIRTUAL PROGRAMMING (ROUNDTABLES, COUNCIL HUDDLES, WACA 101) GIVES COUNCIL STAFF AND BOARD MEMBERS A CHANCE TO CONNECT, EXCHANGE INSIGHTS, AND LEARN ABOUT THE NATIONAL NETWORK. EACH QUARTER, COUNCIL PROFESSIONALS AND VOLUNTEERS ENGAGED IN SPECIFIC ASPECTS OF COUNCILS' WORK GATHER OVER ZOOM TO MEET OTHERS IN THE WACA NETWORK, SHARE QUESTIONS AND IDEAS, EXPLORE INNOVATIVE STRATEGIES, AND PROBLEM-SOLVE TOGETHER.4. STUDENT SCHOLARS: ESTABLISHED IN 2010, THE WACA STUDENT SCHOLARS PROGRAM OFFERS 25 UNDERGRADUATE STUDENTS FROM COUNCIL COMMUNITIES THE OPPORTUNITY TO ATTEND THE NATIONAL CONFERENCE AT NO COST. THROUGH THE GENEROSITY OF DONORS, WACA ALSO SUPPORTS THE ROOM AND BOARD OF PROGRAM PARTICIPANTS.THIS YEAR, STUDENT SCHOLARS WAS ENHANCED THROUGH THE INTRODUCTION OF STUDENT SCHOLAR DAY, AN EXCURSION INTO DC THAT INCLUDES VISITS TO THINK TANKS, UNIVERSITIES, AND MORE.THROUGH THESE EXPERIENCES, STUDENTS ENVISION THEIR OWN GLOBAL FUTURES AND PREPARE TO TAKE THE NEXT STEPS IN THEIR EDUCATION AND CAREERS. 841152 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 1 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 X MATTHEW HUGHES 2028334557 1000 VERMONT AVENUE NW 900 WASHINGTON DC 20005 GLENN CREAMER CHAIR 3.00 X X 0 0 0 MIMI GREGORY VICE CHAIR 1.00 X X 0 0 0 A ALEX LARI VICE CHAIR 1.00 X X 0 0 0 OSMAR ABIB TREASURER 1.00 X X 0 0 0 MIMI BURKE SECRETARY 1.00 X X 0 0 0 CARLOS ALVAREZ BOARD MEMBER 1.00 X 0 0 0 JOSE DE ARIMATEIA DA CRUZ BOARD MEMBER 1.00 X 0 0 0 ERIK BRATTBERG BOARD MEMBER 1.00 X 0 0 0 JOYCE M DAVIS BOARD MEMBER 1.00 X 0 0 0 MICHELLE GLANDORF BOARD MEMBER 1.00 X 0 0 0 STEVE LACKEY BOARD MEMBER 1.00 X 0 0 0 CHUCK LEONARD BOARD MEMBER 1.00 X 0 0 0 MARYANNE MALDONADO BOARD MEMBER 1.00 X 0 0 0 JACQUELINE MILLER BOARD MEMBER 1.00 X 0 0 0 DERRICK OLSEN BOARD MEMBER 1.00 X 0 0 0 NASEEM QADER BOARD MEMBER 1.00 X 0 0 0 NIKI SHISHIDO BOARD MEMBER 1.00 X 0 0 0 BARBARA STEPHENSON BOARD MEMBER 1.00 X 0 0 0 SERGE TOMASSIAN BOARD MEMBER 1.00 X 0 0 0 MEGAN C TORREY BOARD MEMBER 1.00 X 0 0 0 MARY P YNTEMA BOARD MEMBER 1.00 X 0 0 0 MATTHEW HUGHES PRESIDENT & CEO 40.00 X 169364 0 7326 169364 0 7326 1 0 1 0 0 137958 34936 232542 405436 CONFERENCE & FEES 900099 95889 95889 ACADEMIC WORLDQUEST 900099 3200 3200 99089 309943 309943 1695817 1575003 120814 120814 120814 LEASE TERMINATION 900099 60000 60000 60000 995282 99089 0 490757 56617 56617 191561 159988 24796 6777 191728 161276 23885 6567 25218 18440 6406 372 30329 25720 3586 1023 4535 4535 70519 70519 32506 1963 30543 4433 4433 44656 20467 22330 1859 81672 72939 6776 1957 67240 64833 2407 254724 251050 3674 83 83 1972 1972 4149 3616 433 100 DUES 1705 1659 46 PAYROLL FEES 1038 955 60 23 MERCHANT SERVICE FEES 686 686 MISCELLANEOUS -1945 1629 -2156 -1418 1063426 841152 204968 17306 1318946 3751752 1699 8467 3659 7809 7809 1972 0 10689834 9398624 9068 163255 12028287 13318989 58821 33972 96442 90108 0 160716 155263 284796 X 10876549 11983804 996475 1050389 11873024 13034193 12028287 13318989 -68144 1229313 0 X 0 1 X 1 0 X 509171 620314 10484172 391878 405436 12410971 509171 620314 10484172 391878 405436 12410971 9793824 2617147 24333 14448 80198 292217 309943 721139 2465 389 754 19347 60000 82955 13215065 694007 0.19800 0.21280 X WORLD AFFAIRS COUNCILS OF AMERICA QUALIFIES AS A PUBLIC CHARITY UNDER THE "FACTS AND CIRCUMSTANCES" TEST OF 1.170A-9(F)(3) OF THE TREASURY REGULATIONS, BASED UPON THE FOLLOWING:ITS SUPPORT, AS REPORTED FOR 2023, IS 19.80%, THEREBY MEETING THE REQUIREMENT OF 1.170A-9(F)(3)(I).WORLD AFFAIRS COUNCILS OF AMERICA IS ORGANIZED AND OPERATED SO AS TO ATTRACT NEW AND ADDITIONAL FUNDING ON A CONTINUOUS BASIS, THEREBY MEETING THE REQUIREMENT OF 1.170A-9(F)(3)(II). WORLD AFFAIRS COUNCILS OF AMERICA HAS RECENTLY UNDERTAKEN SIGNIFICANT EFFORTS TO ATTRACT NEW AND ADDITIONAL PUBLIC SUPPORT. WORLD AFFAIRS COUNCILS OF AMERICA'S PUBLIC SUPPORT, AT 19.80%, IS WELL ABOVE THE 10% MINIMUM REQUIRED FOR THE "FACTS AND CIRCUMSTANCES" TEST, THEREBY MEETING THE REQUIREMENT OF 1.170A-9(F)(3)(III). OUTSIDE OF AN EXTRAORDINARY GIFT OF SUPPORT PROVIDEDE BY A LONG-TIME BOARD MEMBER, WORLD AFFAIRS COUNCILS OF AMERICA HAS RECEIVED SUPPORT FROM A REPRESENTATIVE NUMBER OF PERSONS, RATHER THAN RECEIVING ALL OR MOST OF ITS SUPPORT FROM THE MEMBERS OF A SINGLE FAMILY, OR FROM A SINGLE DONOR. WORLD AFFAIRS COUNCILS OF AMERICA'S CURRENT FUNDRAISING PLANS ARE TARGETED AT A BROAD BASE OF DONORS. IN THIS RESPECT, WORLD AFFAIRS COUNCILS OF AMERICA MEETS THE REQUIREMENT OF 1.170A-9(F)(3)(III)(B).WORLD AFFAIRS COUNCILS OF AMERICA REMAINS AN ORGANIZATION COMMITTED TO SERVING THE PUBLIC THROUGH ITS WORK. WORLD AFFAIRS COUNCILS OF AMERICA WORKS WITH ITS NETWORK TO EDUCATE AMERICANS IN INTERNATIONAL AFFAIRS AND CRITICAL GLOBAL ISSUES. IN 2022, WORLD AFFAIRS COUNCILS OF AMERICA CONTINUED AND EVOLVED ITS VARIOUS PROGRAMS INCLUDING ITS SPEAKER PROGRAM, NATIONAL CONFERENCE, ACADEMIC WORLDQUEST, LEADERSHIP MISSIONS, AND MEMBER SERVICES PROGRAMMING. IN THIS MANNER, WORLD AFFAIRS COUNCILS OF AMERICA MEETS THE REQUIREMENT OF 1.170A-9(F)(3)(III)(D).ENGAGING THE PUBLIC ON FOREIGN AFFAIRS AND CURRENT EVENTS FOSTERS A MORE INFORMED ELECTORATE, PROMOTES CIVIL DISCOURSE, AND BUILDS COMMUNITY THROUGH EVENTS THAT BRING NEIGHBORS, DIFFERENT SIDES OF TOWN, AND PEOPLE OF DIFFERENT BACKGROUNDS TOGETHER. AT A TIME WHEN SOCIAL CLUBS ARE ON THE DECLINE AND POLARIZATION IS INCREASING, WORLD AFFAIRS COUNCIL EVENTS BRIDGE DIVIDES AND CREATE CONSTRUCTIVE THIRD PLACES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10996469 1325601 500000 50000 11772070 10731563 264906 10996469 1080948 10000000 -299385 50000 10731563 874431 1000 205517 1080948 803013 26000 45418 874431 0.91080 0.05380 0.03540 0 0 7809 7809 0 0 LEASE LIABILITY 160716 160716 2259595 1229313 35000 1264313 995282 0 995282 1098426 35000 35000 1063426 0 1063426 PART V, LINE 4: WACA HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. X X X 0 0 0 0 0 0 0 0 0 MATTHEW HUGHES PRESIDENT & CEO 169364 0 0 0 0 0 0 0 7326 0 176690 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 WACA MEMBERSHIP CONSISTS OF THREE MEMBERSHIP TYPES: COUNCIL MEMBERS, AFFILIATE MEMBERS, AND SUPPORTING MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A DIRECTORS ARE ELECTED BY THE MEMBERSHIP OF THE CORPORATION AT A MEETING HELD NO LATER THAN MAY 30 OF EACH YEAR. NOMINEES FOR ELECTION TO THE BOARD ARE ANNOUNCED TO THE MEMBERSHIP OF THE CORPORATION BY WRITTEN NOTICE AT LEAST 30 DAYS PRIOR TO THE MEETING. IF ELECTION OF DIRECTORS IS THE ONLY BUSINESS AT THIS ANNOUNCED MEETING OF THE MEMBERSHIP, THE BOARD MAY AUTHORIZE - IN LIEU OF A TELEPHONIC MEETING - AN EMAIL ELECTION, WITH VOTES CAST BY APPROPRIATE REPRESENTATIVES OF MEMBERS NOTIFIED TO THE SECRETARY. DIRECTORS ARE CONSIDERED ELECTED IF THEY RECEIVE A MAJORITY OF VOTES CAST BY REPRESENTATIVES OF MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE CEO AND FINANCE COMMITTEE. THE FINAL FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE GOVERNANCE COMMITTEE IS A STANDING COMMITTEE OF THE BOARD, CREATED TO ADVISE ON GOVERNANCE POLICIES, INCLUDING MATTERS INVOLVING BOARD POLICIES AND PRACTICES, GUIDELINES FOR DIRECTORS, RELATIONSHIPS BETWEEN BOARD AND STAFF, AND RELATIONSHIPS BETWEEN THE CORPORATION AND ITS MEMBERSHIP ORGANIZATIONS. THE GOVERNANCE COMMITTEE'S RESPONSIBILITIES INCLUDE ONGOING REVIEW AND RECOMMENDATIONS TO ENHANCE THE QUALITY AND FUTURE VIABILITY OF THE BOARD-IN EFFECT, TO SERVE AS THE "CONSCIENCE OF THE BOARD" AS THE GOVERNING BODY OF A NATIONAL ORGANIZATION WHOSE PURPOSE IS TO SERVE AND BE RESPONSIVE TO ITS MEMBERSHIP THROUGHOUT THE NATIONAL NETWORK OF WORLD AFFAIRS COUNCILS. THE ORGANIZATION ADDRESSES POTENTIAL CONFLICTS OF INTEREST, IN THE FOLLOWING MANNER: IF ANY MATTER IS PRESENTED TO THE BOARD IN WHICH ANY DIRECTOR HAS A DIRECT OR INDIRECT FINANCIAL OR OTHER PROPRIETARY INTEREST, SUCH INTEREST MUST BE FULLY DISCLOSED TO THE BOARD BEFORE THE BOARD TAKES ACTION ON SUCH MATTER. PROPERLY DISCLOSED, NO CONTRACT OR TRANSACTION BETWEEN THE CORPORATION AND ONE OR MORE OF ITS DIRECTORS OR BETWEEN THE CORPORATION AND ANY OTHER CORPORATION, PARTNERSHIP, ASSOCIATION, OR OTHER ORGANIZATION IN WHICH ONE OR MORE OF ITS DIRECTORS ARE ALSO DIRECTORS OF THE CORPORATION OR HAVE A FINANCIAL OR OTHER PROPRIETARY INTEREST IN THE MATTER, WILL BE VOID OR VOIDABLE SOLELY FOR SUCH REASON, OR SOLELY BECAUSE THE DIRECTOR IS PRESENT AT OR PARTICIPATES IN THE MEETING OF THE BOARD OF DIRECTORS WHICH AUTHORIZES THE CONTRACT OR TRANSACTION, OR SOLELY BECAUSE HIS, HER, OR THEIR VOTES ARE COUNTED FOR SUCH PURPOSE, PROVIDED THAT: (A) THE MATERIAL FACTS AS TO THE RELATIONSHIP OR INTEREST AND AS TO THE CONTRACT OR TRANSACTION ARE DISCLOSED OR ARE KNOWN TO THE BOARD, AND THE BOARD IN GOOD FAITH AUTHORIZES THE CONTRACT OR TRANSACTION BY THE AFFIRMATIVE VOTES OF A MAJORITY OF THE DISINTERESTED DIRECTORS EVEN THOUGH THE DISINTERESTED DIRECTORS CONSTITUTE LESS THAN A QUORUM; OR (B) THE CONTRACT OR TRANSACTION IS FAIR AS TO THE CORPORATION AS OF THE TIME IT IS AUTHORIZED, APPROVED, OR RATIFIED BY THE BOARD. COMMON OR INTERESTED DIRECTORS MAY BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM AT A MEETING OF THE BOARD WHICH AUTHORIZES A CONTRACT OR TRANSACTION SPECIFIED ABOVE. WACA REQUIRES THAT BOARD MEMBERS SIGN A YEARLY CONFLICT OF INTEREST STATEMENT AND THAT STAFF SIGN THE EMPLOYEE HANDBOOK WHICH INCLUDES A CONFLICT OF INTEREST STATEMENT. FORM 990, PART VI, SECTION B, LINE 15A AFTER A REVIEW OF SIMILAR ORGANIZATIONS' FORM 990 ON GUIDESTAR, COMPENSATION SURVEYS AND COMPARISONS WITH SALARIES EARNED BY THE CURRENT PRESIDENT AND CEO AND EXECUTIVES IN SIMILAR POSITIONS, THE BOARD SET THE COMPENSATION LEVEL FOR THE NEW CEO IN MARCH OF 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.