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Nonprofit · EIN 46-3861749

PHIT WORLD FOUNDATION INC

Tax-exempt · WASHINGTON, DC 20005

Financials

$492K$526K2023$882K$983K2024
Revenue Expenses · by fiscal year end
Financials of PHIT WORLD FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$881,754$983,276-$101,522$553,805$33,813$519,992
December 31, 2023990$492,409$526,365-$33,956$650,510$28,877$621,633
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$862,099
Program service revenue
$0
Investment income
$19,655
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$30,000
Salaries, compensation and benefits (total)
$30,000
Professional fundraising fees
$0
Legal fees
$12
Accounting fees
$45,504
Travel
$39,547
Program services (functional)
$879,996
Management and general (functional)
$103,280

Balance sheet and other

Total assets, start of year
$650,510
Total assets, end of year
$553,805
Total liabilities, end of year
$33,813
Net assets, end of year
$519,992
Net assets without donor restrictions
$519,992
Gross receipts
$881,754
Employees
0
Volunteers
10
Year formed
2013
State of legal domicile
FL

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 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
JIM BAUGHPRESIDENT
Trustee or director, Officer
30$30,000
DOUG GORDONVICE PRESIDE
Trustee or director, Officer
5$0
MIKE MAYSECRETARY
Trustee or director, Officer
5$0
RITA MORTBOARD MEMBER
Trustee or director
1$0
JOHN BALLANTINEBOARD MEMBER
Trustee or director
1$0
DAVE LANDABOARD MEMBER
Trustee or director
1$0
MIKE LETTIERIBOARD MEMBER
Trustee or director
1$0
AUBREY MCDADEBOARD MEMBER
Trustee or director
1$0
ERIC SWANNBOARD MEMBER
Trustee or director
1$0
EDWARD HARVEYBOARD MEMBER
Trustee or director
1$0
JEFFREY HARRISONBOARD MEMBER
Trustee or director
1$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensation
JIM BAUGHPRESIDENT
Trustee or director, Officer
30$28,000
DOUG GORDONVICE PRESIDE
Trustee or director, Officer
5$0
MIKE MAYSECRETARY
Trustee or director, Officer
5$0
RITA MORTBOARD MEMBER
Trustee or director
1$0
JOHN BALLANTINEBOARD MEMBER
Trustee or director
1$0
DAVE LANDABOARD MEMBER
Trustee or director
1$0
MIKE LETTIERIBOARD MEMBER
Trustee or director
1$0
AUBREY MCDADEBOARD MEMBER
Trustee or director
1$0
ERIC SWANNBOARD MEMBER
Trustee or director
1$0
EDWARD HARVEYBOARD MEMBER
Trustee or director
1$0
JEFFREY HARRISONBOARD MEMBER
Trustee or director
1$0

Address and contacts

Address (IRS master file)
1032 15TH STREET NW SUITE 108, WASHINGTON, DC 20005-1502
In care of
% JIM BAUGH
Principal officer (990 for 2024)
JIM BAUGH, 1032 15TH ST NW, WASHINGTON, DC 200051503
Signed the 990
JIM BAUGH, PRESIDENT
Phone
(561) 529-2989
990-N for 2017 filed under this EIN
Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: JIM BAUGH, 962 WAYNE AVENUE NO 300, SILVER SPRING MD 20910. Mailing address: 962 WAYNE AVENUE NO 300, SILVER SPRING MD 20910.
Return prepared by
COMPASS US ACCOUNTANTS & ADVISORS

Mission

TO IMPROVE HEALTH AND ACADEMIC RESULTS TO CHILDREN THROUGHOUT THE USA BY PROVIDING ALL KIDS WITH INCREASED PHYSICAL ACTIVITY PROGRAMS AND HELPING CHILDREN AFFORD TO PLAY ORGANIZED SPORTS. BY DOING THIS WE CREATE MANY MORE ACTIVE KIDS THAT ARE HEALTHIER AND BETTER STUDENTS.

990 for the year ended December 31, 2024

Program accomplishments

  • TO IMPROVE HEALTH AND ACADEMIC RESULTS TO CHILDREN THROUGHOUT THE USA BY PROVIDING ALL KIDS WITH INCREASED PHYSICAL ACTIVITY PROGRAMS AND HELPING CHILDREN AFFORD TO PLAY ORGANIZED SPORTS. BY DOING THIS WE CREATE MANY MORE ACTIVE KIDS THAT ARE HEALTHIER AND BETTER STUDENTS.
    Expenses $879,996

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
46-3861749
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
2014
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$553,805
Income (IRS master file)
$881,754

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$881,754$983,276$553,805XML
990December 2023$492,409$526,365$650,510XML
990December 2022$529,850$582,365$699,719IRS
990December 2021–––IRS
990December 2020–––IRS
990-EZDecember 2018–––IRS
990-N for 2017
Officer: JIM BAUGH
Filed under this EIN, most likely by a chapter or affiliate
December 31, 2017≤ $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 46-3861749).

Questions about PHIT WORLD FOUNDATION INC

What is the EIN of PHIT WORLD FOUNDATION INC?
The employer identification number (EIN) of PHIT WORLD FOUNDATION INC is 46-3861749.
Is PHIT WORLD FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
Are donations to PHIT WORLD FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PHIT WORLD FOUNDATION INC 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 PHIT WORLD FOUNDATION INC 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 PHIT WORLD FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of PHIT WORLD FOUNDATION INC?
The 990 for the year ended December 31, 2024 names JIM BAUGH.
Who are the officers and directors of PHIT WORLD FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 11 people; 1 received compensation from the organization, the highest $30,000 (JIM BAUGH, PRESIDENT).
How much revenue does PHIT WORLD FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $881,754, expenses of $983,276 and total assets of $553,805 at year end.

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