2024-11-14T18:18:12-07:00 2023-12-31 990EZ 2023-01-01 820892822 WORLD COLLABORATIVE FOR TRANSFORMATIVE COMMUNITY WCTC WORL 4153235833 705 Alvarado Row Stanford CA 94305 Blas Jacob Cabrera Chairperson 4153235833 2024-11-14 1 2023 2024-10-15 13:58:12Z X http://WCTC.world X X 7750 X 7750 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7750 23509 2449 1108 622 0 1319 31782 60789 -53039 92228 -26712 12477 92228 12477 0 0 0 0 92228 12477 0 0 92228 12477 WCTC work to help solve the problems of the 21st Century for the benefit of local communities utilizing transformative network methods. We work with educational writing and poetry programs, as well as BIPOC and people of color initiatives. SIREN Program (previously SPARC Poetry) is a creative writing and poetry program for students on the Upper Peninsula near San Francisco. We work with 3 school distributes and 400-500 students. The students learn various creative writing skills and participate in events and poetry workshops. 0 300 EVERGREEN COLLECTIVE Program: a fundraising capacity building organizations designed to help bridge the current gap between BIPOC-led and serving non-profits and founders. 0 50000 Organizational Support Program: a space where everyone can come together and support each other to solve problems that we have as individuals trying to legally establish non-profit and social projects. 0 2000 52300 Blas Jacob Cabrera Board Chairperson, Board Member 5 0 0 0 Heather Whitlock Secretary Treasure, Board Member 1 0 0 0 Melissa Vo Fundraising Advisor, Board Member 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CA Blas Jacob Cabrera 705 Alvarado Row Stanford CA 94305 4153235833 0 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X 60095 49948 131782 52500 7750 302075 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 60095 49948 131782 52500 7750 302075 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 302075 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 60095 49948 131782 52500 7750 302075 1 1 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Form 990-EZ, Part I, Line 16 Description;Amount^Other expenseses;31782^Total;31782^ Form 990-EZ, Part I, Line 20 We have noticed that our Assets Balance was off, and we have been ignoring it in the past and just following the instructions to use the previous year's net balance on line 19 which continued the errors from year to year. For the first time, we decided to do a full multi-year audit of the net balances and verify that the numbers all match from past years. Therefore we decided to do a full audit of all our net asset balances for all years from current 2023 to 2018. We also talked to multiple IRS specialists on the phone who did not know how to proceed, and tax advisors to get recommendations on how to move forward. The results of the audit showed a difference of -$26712 at the high end and -$26712 on the low end which confirmed that the errors had taken place before 2018 and were carried forward mistakenly until now Therefore we have concluded that the error was missed calculations form before 2018 years ago and our most recent taxes for 2022 had the smallest difference within -$26712. Therefore we are doing an equity account transfer between assets and liabilities that removes -$26712 from our balance sheet as a one-time reduction to ensure our net asset balance calculations are correct moving forward for future years. We certainly wish we had found this mistake beforehand, and now that we understand how the carry forward works, we can ensure that our net balances always match our current assets in future years, and this should never happen again.