2023-10-30T22:30:05+00:00 2022-12-31 350921680 CROWE LLP 9600 Brownsboro Road Suite 400 Louisville KY 402413902 990 2022-01-01 872610501 WRLD Foundation WRLD 6692014947 251 Little Falls Drive WIlmington DE 19808 Mark Boutros President 2023-10-30 true Mark Boutros 999009999 true Rachel Spurlock P00520729 5023263996 2022 2023-04-26 12:10:37Z Mark Boutros 251 Little Falls Drive WIlmington DE 19808 200325 false X www.wrldfoundation.com X 2021 DE To support scientific projects, awareness-raising efforts, educational programs, and other charitable undertakings. 4 4 1 4 0 0 200325 0 0 0 0 200325 87274 0 41979 0 0 23209 152462 0 47863 0 50653 0 2790 0 47863 WRLD Foundation's mission is to support scientific projects, awareness-raising efforts, educational programs, and other charitable undertakings. Through grant-making and fiscal sponsorships, WRLD Foundation supports nonprofit organizations and projects working to implement the UN Sustainable Development Goals, as defined in the 2030 Agenda for Sustainable Development, or similar future global agendas. false false 102274 87274 0 The Climate Transformation Fund (CTF) serves as a vital catalyst for innovative endeavors aimed at combating climate change and preserving the planet. Our core objective is to expedite the transition to a sustainable, green economy, with a specific focus on reaching global net-zero emissions. To achieve this, we direct our resources toward groundbreaking projects in various domains: the development and implementation of nascent, untested technologies for long-term carbon capture; advocacy efforts and policy initiatives aimed at emissions reduction; and the implementation of ecologically sustainable methods for nature restoration and preservation. One of our standout CTF projects has notably advanced the causes of renewable energy transition and forest conservation. Additionally, we've spearheaded impactful reforestation and regreening efforts that have tangibly improved the well-being of local communities. 102274 true true false false false false false false false false false false false false false false false false false true true false false false false false true false false false false false false false false false false false false false false false false false false false true 0 0 1 true false false false false false false false false X 4 4 false false false false false false false true false false false true true true true true true false false false DE FL X Aracely Bustos-Oliva 7136679147 9 Greenway Plaza Suite 1700 Houston TX 77046 X Mark Boutros President 2.0 X X 0 0 0 Nina Siemiatkowski Treasurer/Secretary 1.0 X X 0 0 0 Lena Linden Director 0.5 X 0 0 0 Meg Tiveus Director 0.5 X 0 0 0 0 0 0 0 false false false 0 200325 200325 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 200325 0 0 0 47728 47728 39546 39546 38768 5088 33680 3211 389 2822 17861 8771 9090 2760 450 2310 0 0 0 0 928 129 799 180 30 150 1450 138 1312 Dues & Subscriptions 30 5 25 0 0 0 0 152462 102274 50188 0 50213 0 0 440 0 0 0 0 0 0 0 0 50653 2790 0 0 0 0 2790 X 47863 0 47863 0 50653 47863 0 X false false false X 0 0 0 0 200325 200325 0 0 0 0 0 0 200325 200325 191962 8363 0 0 0 0 0 0 0 0 200325 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true Europe (Including Iceland and Greenland) 0 0 Grantmaking 23864 South Asia 0 0 Grantmaking 11932 0 0 0 0 0 0 35796 0 35796 Europe (Including Iceland and Greenland) Support Climate Transformation Fund projects 11932 Wire Transfer South Asia Support Climate Transformation Fund projects 11932 Wire Transfer Europe (Including Iceland and Greenland) Support Climate Transformation Fund projects 11932 Wire Transfer 3 0 false false false false false false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds Each recipient will enter into an agreement with WRLD specifying how funds will be disbursed, conditions for disbursements, termination events, and the reporting required to be provided to WRLD Foundation. WRLD Foundation will ensure compliance with the grant agreement terms by breaking the funding of each grant into phases, requiring receipts to substantiate prior disbursements, and requiring reporting by the NGO at the end of each phase that measures the impact of the project and provides details of how the grant monies were spent. WRLD Foundation also retains the right to conduct an audit of any approved project. For each project, WRLD Foundation will retain the grant application, Board minutes approving the project, the grant agreement, records of each disbursement and all reports filed by the NGO for at least 3 years. Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; SOUTH ASIA-Accrual Schedule F, Part II, Line 1 Method used to account for expenditures on org's financial statements EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; SOUTH ASIA-Accrual true Plant with Purpose 4747 Morena Blvd San Diego CA 92117 330052976 501(c)(3) 11932 support the Climate Transformation Fund projects Clean Air Task Force Inc 114 State Street 6th Floor Boston MA 02109 043512550 501(c)(3) 11932 support the Climate Transformation Fund projects Human Rights Watch 350 Fifth Avenue 34th Floor New York NY 101183299 132875808 501(c)(3) 11932 support the Climate Transformation Fund projects NEXCALCEF Innovations 436 14th Street Suite 1220 Oakland CA 94612 261339988 501(c)(3) 11932 support the Climate Transformation Fund projects 4 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. Pre-Grant Evaluation Due Diligence: Prior to disbursing grant funds, conduct due diligence to assess the prospective grantee's financial stability, organizational capability, and alignment with the Foundation's objectives. Project Proposal Review: Require grantees to submit a detailed project proposal outlining how the grant funds will be used, including a budget and timeline. Grant Agreement: Execute a legally binding grant agreement with the grantee. The agreement should specify the intended use of the funds, reporting requirements, and the Foundation's right to audit. Use of Funds: Clearly outline the allowable and non-allowable uses of grant funds within the agreement. Disbursement of Funds: Disburse funds according to a predetermined payment schedule, often tied to project milestones or reporting requirements. Initial Payment: An initial payment may be disbursed upon signing the grant agreement, followed by subsequent payments upon completion of project milestones or receipt of satisfactory reports. Monitoring Financial Reporting: Require grantees to submit periodic financial reports detailing how funds were used, accompanied by supporting documentation like receipts and invoices. Progress Reports: Require grantees to submit periodic progress reports detailing project accomplishments and any obstacles encountered. Site Visits: Conduct random or planned site visits to assess project implementation and validate reports. Audits Internal Review: Conduct internal reviews of financial and progress reports to ensure compliance with the grant agreement and the Foundation's guidelines. External Audits: Reserve the right to request an external audit of the grantee's financial statements as they relate to the Foundation's grant. Non-Compliance Warning and Corrective Action: In cases of minor non-compliance, issue a warning and request corrective action within a specified timeframe. Recovery of Funds: In cases of severe non-compliance or misuse of funds, initiate legal proceedings to recover the grant funds and terminate the grant agreement. Reporting: Report any non-compliance to the appropriate authorities as required by law. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body THERE ARE NO OTHER COMMITTEES WITH GOVERNING AUTHORITY. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND REVIEWED BY THE GRANT COMPLIANCE OFFICER AND PRESIDENT BEFORE FILING. THE RETURN IS THEN PROVIDED TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING AT A BOARD MEETING IN THE NORMAL COURSE OF BUSINESS. Form 990, Part VI, Line 12c Conflict of interest policy Board members are required to complete and submit conflict of interest statement to the board on an annual basis. The board determines if any action is required. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION'S GOVERNING DOCUMENTS, INCLUDING THE BYLAWS AND ARTICLES OF INCORPORATION, THE CONFLICT OF INTEREST POLICY, UNAUDITED FINANCIAL STATEMENTS, AND FORM 990 are MADE AVAILABLE TO THE GENERAL PUBLIC BY REQUEST.