Nonprofit · EIN 47-3666460
WORLD LEADERS FORUM INC
Tax-exempt (reinstated) · ELGIN, IL 60123
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990-EZ | $117,912 | $122,925 | -$5,013 | $108,949 | $0 | $108,949 |
| May 31, 2024 | 990-EZ | $76,772 | $113,212 | -$36,440 | $359,125 | $245,163 | $113,962 |
| May 31, 2023 | 990-EZ | $104,485 | $224,434 | -$119,949 | $400,159 | $249,757 | $150,402 |
Financial details: 990-EZ for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $67,400
- Program service revenue
- $50,512
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $50,799
- Printing, publications and postage
- $458
- Other expenses
- $71,668
- Program services (functional)
- $122,925
Balance sheet and other
- Total assets, start of year
- $359,125
- Total assets, end of year
- $108,949
- Total liabilities, end of year
- $0
- Net assets, end of year
- $108,949
- Cash, savings and investments
- $51,116
- Gross receipts
- $117,912
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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK VARGAS | PRESIDENT | 2 | $0 |
| MERRIE MEADOWS | VICE PRESIDENT | 2 | $0 |
| DR GENE CRUME | SECRETARY/TREASURER | 2 | $0 |
| AJ PATTON | BOARD MEMBER | 2 | $0 |
| JACQUELINE RUIZ | BOARD MEMBER | 2 | $0 |
| AUSTIN RABINE | BOARD MEMBER | 2 | $0 |
| TIM SCHOFIELD | BOARD MEMBER | 2 | $0 |
| MICHAEL DUTTON | BOARD MEMBER | 2 | $0 |
990-EZ for the year ended May 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mark Vargas | President | 2 | $0 |
| Merrie Meadows | Vice President | 2 | $0 |
| Dr Gene Crume | Secretary/Treasurer | 2 | $0 |
| AJ Patton | Board Member | 2 | $0 |
| Jacqueline Ruiz | Board Member | 2 | $0 |
| Austin Rabine | Board Member | 2 | $0 |
| Tim Schofield | Board Member | 2 | $0 |
| Michael Dutton | Board Member | 2 | $0 |
990-EZ for the year ended May 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mark Vargas | President | 2 | $0 |
| Merrie Meadows | Vice President | 2 | $0 |
| Dr Gene Crume | Secretary/Treasurer | 2 | $0 |
| AJ Patton | Board Member | 2 | $0 |
| Jacqueline Ruiz | Board Member | 2 | $0 |
| Austin Rabine | Board Member | 2 | $0 |
| Tim Schofield | Board Member | 2 | $0 |
| Michael Dutton | Board Member | 2 | $0 |
| Fran Houlihan | Board Member (part year) | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1151 N STATE ST, ELGIN, IL 60123-1404
- In care of
- % GENE C CRUME
- Signed the 990-EZ
- GENE CRUME, SECRETARY/TREASURER
- Phone
- (847) 628-2017
- Website
- WWW.JUDSON.EDU/WLF
- Return prepared by
- SIKICH LLC
Mission
THE PURPOSE OF THE WORLD LEADERS FORUM IS TO EDUCATE AND INVEST IN TOMORROW'S BUSINESS LEADERS; BUILD GREATNESS IN THE LIVES OF STUDENTS; AND INSPIRE CHANGE AND CREATE A LEGACY.
Program accomplishments
- PY: THE WORLD LEADERS FORUM HOSTS ANNUAL EVENTS TO GENERATE SUPPORT FOR SCHOLARSHIPS WITHIN TWO UNIQUE PROGRAMS AT JUDSON UNIVERSITY: THE ROESER SCHOLARS PROGRAM WHICH IS FOCUSED ON LEADERSHIP DEVELOPMENT AND THE RISE PROGRAM WHICH PROVIDES STUDENTS WITH INTELLECTUAL DISABILITIES THE COLLEGE EXPERIENCE. THE WORLD LEADERS FORUM ALSO SUPPORTS OTHER NONPROFITS IN THE CHICAGO AREA AND NATIONALLY AS WELL AS ENTREPRENEURIAL AND INNOVATIVE INITIATIVES THAT BENEFIT STUDENTS, THE COMMUNITY AND OTHER PARTNERS OF THE WORLD LEADERS FORUM. SINCE 2015, 64 SCHOLARSHIPS HAVE BEEN AWARDED TO STUDENTS TO RECEIVE FINANCIAL SUPPORT FOR THEIR UNDERGRADUATE ACADEMIC CAREER AT JUDSON. OVER 1000 STUDENTS HAVE BEEN EMPOWERED BY ATTENDING AND HEARING FROM A GLOBAL LEADER. THESE ANNUAL WORLD LEADERS FORUM EVENTS ADD TO THE QUALITY OF LIFE IN ELGIN, THE FOX RIVER VALLEY AND OUR REGION, BY BRINGING INTERNATIONALLY ACCLAIMED SPEAKERS. THESE EVENTS HAVE PROVIDED AN OPPORTUNITY FOR OVER 5,000 COMMUNITY MEMBERS TO HEAR FROM THESE PROMINENT LEADERS AND HELP PROMOTE THE AREA THROUGHOUT CHICAGO AND ACROSS THE NATION. PAST SPEAKERS HAVE INCLUDED GEORGE W. BUSH, MIKHAIL GORBACHEV, TONY BLAIR, CONDOLEEZZA RICE, FELIPE CALDERON, NEWT GINGRICH, HOWARD DEAN, QUEEN NOOR OF JORDAN, CAROLINE KENNEDY, GENERAL DAVID PETRAEUS AND RT. HON. STEVEN J HARPER IN 2025. A NEW SERIES WAS INTRODUCED IN 2019 "CONVERSATIONS WITH MARK VARGAS" WHICH BRINGS SUCCESSFUL BUSINESS LEADERS AND ENTREPRENEURS TO CAMPUS. THE INAUGURAL GUEST WAS DALLAS MAVERICKS OWNER, MARK CUBAN.Expenses $122,925
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990-EZ on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 47-3666460
- 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
- 2019
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $108,949
- Income (IRS master file)
- $117,912
Revocation and reinstatement
- Exemption revoked
- May 15, 2018
- Posted by the IRS
- August 13, 2018
- Reinstated
- Effective May 15, 2018
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | May 2025 | $117,912 | $122,925 | $108,949 | IRS |
| 990-EZ | May 2024 | $76,772 | $113,212 | $359,125 | XML |
| 990-EZ | May 2023 | $104,485 | $224,434 | $400,159 | XML |
| 990 | May 2022 | $439,183 | $409,623 | $270,351 | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990-EZ | May 2019 | – | – | – | IRS |
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 47-3666460).
Questions about WORLD LEADERS FORUM INC
- What is the EIN of WORLD LEADERS FORUM INC?
- The employer identification number (EIN) of WORLD LEADERS FORUM INC is 47-3666460.
- Is WORLD LEADERS FORUM INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2018 and reinstated it effective May 15, 2018.
- Are donations to WORLD LEADERS FORUM INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WORLD LEADERS FORUM 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 WORLD LEADERS FORUM INC due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WORLD LEADERS FORUM INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended May 2025.
- Who are the officers and directors of WORLD LEADERS FORUM INC?
- The 990-EZ for the year ended May 31, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does WORLD LEADERS FORUM INC have?
- On its 990-EZ for the year ended May 31, 2025 it reported revenue of $117,912, expenses of $122,925 and total assets of $108,949 at year end.
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