Nonprofit · EIN 45-3265116
WORLD IMPACT FOUNDATION
Tax-exempt · MALIBU, CA 90265
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | -$100,593 | $213,992 | -$314,585 | $2,680,236 | $1,405 | $2,678,831 |
| December 31, 2023 | 990-PF | $137,576 | $193,533 | -$55,957 | $2,724,116 | $1,437 | $2,722,679 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $58,644
- Interest
- $11
- Net gain from sales of assets
- -$198,455
- Other income
- $39,207
Expenses
- Grants and similar amounts paid
- $140,793
- Compensation of officers, directors and key employees
- $62,833
- Disbursements for charitable purposes
- $140,793
- Excise tax on investment income
- $343
Balance sheet and other
- Total assets, start of year
- $2,724,116
- Total assets, end of year
- $2,680,236
- Total liabilities, end of year
- $1,405
- Net assets, end of year
- $2,678,831
- Fair market value of assets
- $2,680,236
- Qualifying distributions
- $140,793
- Net investment income
- $97,862
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARA ASHBY 5320 BEACHCOMBER STREET, OXNARD, CA 93035 | CEO | 40 | $62,833 |
| JAFFAR H AGHA 135 TOPSAIL MALL, MARINA DEL REY, CA 90292 | Secretary | 1 | $0 |
| ADNAN MERCHANT 6479 US HIGHWAY S 141, WHITEFISH, MT 59937 | CFO | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARA ASHBY 20418 SEABOARD ROAD, MALIBU, CA 90265 | CEO | 40 | $53,167 |
| JAFFAR H AGHA 135 TOPSAIL MALL, MARINA DEL REY, CA 90292 | Secretary | 3 | $0 |
| ADNAN MERCHANT 6479 US HIGHWAY S 141, WHITEFISH, MT 59937 | CFO | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 27383 MALIBU RD STE 50-173, MALIBU, CA 90265-0000
- In care of
- % HASSNAIN AGHA
- Signed the 990-PF
- SARA ASHBY, CEO
- Phone
- (424) 234-1998
- Return prepared by
- BRIAN L ESCOBAR CPA
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 45-3265116
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2013
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $2,680,236
- Income (IRS master file)
- $1,552,536
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $137,576 | $193,533 | $2,724,116 | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about WORLD IMPACT FOUNDATION
- What is the EIN of WORLD IMPACT FOUNDATION?
- The employer identification number (EIN) of WORLD IMPACT FOUNDATION is 45-3265116.
- Is WORLD IMPACT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to WORLD IMPACT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does WORLD IMPACT FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of WORLD IMPACT FOUNDATION 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 IMPACT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of WORLD IMPACT FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $62,833 (SARA ASHBY, CEO).
- How much revenue does WORLD IMPACT FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of -$100,593, expenses of $213,992 and total assets of $2,680,236 at year end.
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