Nonprofit · EIN 59-2229691
WORLD SPORTS INC
Tax-exempt · BONITA SPRINGS, FL 34135
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,534,990 | $2,770,657 | -$235,667 | $3,697,503 | $0 | $3,697,503 |
| December 31, 2023 | 990 | $2,351,264 | $2,390,356 | -$39,092 | $3,926,102 | $0 | $3,926,102 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,375,558
- Program service revenue
- $37,742
- Investment income
- $120,953
- Net gain from sales of assets
- $3,140
- Other revenue
- $737
Expenses
- Grants and similar amounts paid
- $2,244,515
- Compensation of officers, directors and key employees
- $176,176
- Salaries, compensation and benefits (total)
- $205,170
- Professional fundraising fees
- $0
- Accounting fees
- $11,250
- Occupancy
- $9,305
- Travel
- $25,919
- Depreciation
- $423
- Program services (functional)
- $2,672,551
- Management and general (functional)
- $98,106
Balance sheet and other
- Total assets, start of year
- $3,926,102
- Total assets, end of year
- $3,697,503
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,697,503
- Land, buildings and equipment
- $246
- Publicly traded securities
- $1,532,570
- Net assets without donor restrictions
- $3,697,503
- Gross receipts
- $2,534,990
- Employees
- 1
- Volunteers
- 6
- Year formed
- 1983
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EDWARD P WAXER | PRESIDENT Trustee or director, Officer | 40 | $176,176 |
| CARY DRAKE | VICE PRESIDENT Trustee or director, Officer | 0 | $0 |
| AUSTIN CARR | CORRESPONDING SECRETARY Trustee or director, Officer | 0 | $0 |
| HUGH MORRIS | TREASURER Trustee or director, Officer | 0 | $0 |
| JOHN YIP | VP Trustee or director, Officer | 0 | $0 |
| IVAN BYCHKOV | MR Trustee or director | 0 | $0 |
| DAN CALDWELL | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EDWARD P WAXER | PRESIDENT Trustee or director, Officer | 40 | $176,176 |
| CARY DRAKE | VICE PRESIDENT Trustee or director, Officer | 0 | $0 |
| AUSTIN CARR | CORRESPONDING SECRETARY Trustee or director, Officer | 0 | $0 |
| HUGH MORRIS | TREASURER Trustee or director, Officer | 0 | $0 |
| JOHN YIP | VP Trustee or director, Officer | 0 | $0 |
| IVAN BYCHKOV | MR Trustee or director | 0 | $0 |
| DAN CALDWELL | DIRECTOR Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 9220 BONITA BEACH ROAD 209, BONITA SPRINGS, FL 34135-4231
- Principal officer (990 for 2024)
- EDDIE P WAXER, PO BOX 2607, BONITA SPRINGS, FL 34133
- Signed the 990
- EDWARD P WAXER, PRESIDENT
- Phone
- (239) 273-4112
- Return prepared by
- CRI ADVISORS LLC
Mission
TO ENCOURAGE AND STIMULATE NATIONAL SPORTS MINISTRIES IN ALL COUNTRIES
Program accomplishments
- WORLD SPORTS FUNDS SPORTS MINISTRY TRAINING CONFERENCES INTERNATIONALLY AND IN THE USA. THE FIVE DAY TO THREE MONTH TRAININGS ARE FOR SPORT AND PLAY LEADERS TO LEARN TO SERVE CHILDREN, YOUTH AND COMPETITIVE ATHLETES. THE TRAININGS ALSO TEACH ATHLETES AND COMMUNITY GROUPS HOW TO SERVE THEIR CITY DURING REGIONAL AND GLOBAL SPORTS EVENTS. THE STRUCTURED TRAININGS PROVIDES CERTIFICATION OF OUTCOMES. OVER 147,000 ARE TRAINED ANNUALLY.Expenses $2,672,551 · grants $2,244,515 · revenue $38,479
- OTHER PROGRAM SERVICES - MISCELLANEOUS PROGRAM SERVICES THAT PROVIDED ADDITIONAL FUNDS TO ENCOURAGE SPORTS DEVELOPMENT IN ALL COUNTRIES.
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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 59-2229691
- 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
- 1983
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N71Z)
- Assets (IRS master file)
- $3,697,503
- Income (IRS master file)
- $2,534,990
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,534,990 | $2,770,657 | $3,697,503 | XML |
| 990 | December 2023 | $2,351,264 | $2,390,356 | $3,926,102 | XML |
| 990 | December 2022 | $2,402,788 | $2,852,793 | $4,080,194 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 59-2229691).
Questions about WORLD SPORTS INC
- What is the EIN of WORLD SPORTS INC?
- The employer identification number (EIN) of WORLD SPORTS INC is 59-2229691.
- Is WORLD SPORTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to WORLD SPORTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WORLD SPORTS 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 SPORTS 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 WORLD SPORTS 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 WORLD SPORTS INC?
- The 990 for the year ended December 31, 2024 names EDDIE P WAXER.
- Who are the officers and directors of WORLD SPORTS INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $176,176 (EDWARD P WAXER, PRESIDENT).
- How much revenue does WORLD SPORTS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,534,990, expenses of $2,770,657 and total assets of $3,697,503 at year end.
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