Nonprofit · EIN 20-0260940
WORLD OF GOOD INCORPORATED
Tax-exempt · JUNCTION CITY, OR 97448
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $69,000 | $65,921 | $3,079 | $96,921 | $42,601 | $54,320 |
| December 31, 2023 | 990-EZ | $74,670 | $68,356 | $6,314 | $84,736 | $33,447 | $51,289 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $69,000
- Program service revenue
- $0
- Investment income
- $0
Expenses
- Grants and similar amounts paid
- $54,653
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $9,132
- Printing, publications and postage
- $1,106
- Other expenses
- $1,030
- Program services (functional)
- $9,585
Balance sheet and other
- Total assets, start of year
- $84,736
- Total assets, end of year
- $96,921
- Total liabilities, end of year
- $42,601
- Net assets, end of year
- $54,320
- Cash, savings and investments
- $95,350
- Gross receipts
- $69,000
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Karla Reerslev | Board President & Co- Exec Director | 20 | $0 |
| Jacqueline Bieren-Gerdes | Board Secretary & Co- Exec Director | 10 | $0 |
| Leslie Rogness | Board Member | 1 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Karla Reerslev | Board President & Co- Exec Director | 20 | $0 |
| Jacqueline Bieren-Gerdes | Board Secretary & Co- Exec Director | 10 | $0 |
| Leslie Rogness | Board Member | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 602, JUNCTION CITY, OR 97448-0602
- In care of
- % JACQUE GERDES
- Mailing address (990-N for 2019)
- PO Box 602, Junction City OR 97448
- Principal officer (990-N for 2019)
- Karla Kay Reerslev, 29388 Dane Ln, Junction City OR 97448
- Signed the 990-EZ
- Jacqueline Bieren-Gerdes, Secretary
- Phone
- (541) 520-9931
- Website
- worldofgoodethiopia.org
- Return prepared by
- BARBARA K BOWER PC
Mission
To provide aid to women, children, and young adults in Ethiopia.
Program accomplishments
- World of Good provided funds to sponsor and provide educational andmentoring services to approx. 128 students/young adults and family members in Ethiopia during 2024.Expenses $7,299 · grants $41,618
- World of Good provides funds to start small businesses.In 2024 funds provided helped to start and fund 7 businesses.Expenses $1,273 · grants $7,260
- World of Good provides funds to help with specialprojects. In 2024 it collected funds for future projects, some of which was used in 2024 to purchase school supplies for 550 unsponsored kids.Expenses $960 · grants $5,475
- Funds used for sponsored childrens medical expensesExpenses $53 · grants $300
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 20-0260940
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q33)
- Assets (IRS master file)
- $96,921
- Income (IRS master file)
- $69,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $69,000 | $65,921 | $96,921 | IRS |
| 990-EZ | December 2023 | $74,670 | $68,356 | $84,736 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: Karla Kay Reerslev | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-EZ | December 2017 | – | – | – | IRS |
| 990-N for 2011 Officer: Karla Reerslev | December 31, 2011 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-0260940).
Questions about WORLD OF GOOD INCORPORATED
- What is the EIN of WORLD OF GOOD INCORPORATED?
- The employer identification number (EIN) of WORLD OF GOOD INCORPORATED is 20-0260940.
- Is WORLD OF GOOD INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to WORLD OF GOOD INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WORLD OF GOOD INCORPORATED file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WORLD OF GOOD INCORPORATED due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WORLD OF GOOD INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of WORLD OF GOOD INCORPORATED?
- The 990-N for 2019 names Karla Kay Reerslev.
- Who are the officers and directors of WORLD OF GOOD INCORPORATED?
- The 990-EZ for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does WORLD OF GOOD INCORPORATED have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $69,000, expenses of $65,921 and total assets of $96,921 at year end.
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