Financials & Code of Ethics

FINANCIALS

Worldfund was incorporated in New York on December 9, 2002.  It is a registered 501(c)(3) charitable organization with the Internal Revenue Service. 

Click here to view Worldfund's 2007 Form 990 for the fiscal year ending September 2008.

Click here to view Worldfund's 2006 Form 990 for the fiscal year ending June 2007.

Click here to view Worldfund's 2005 Form 990 for the fiscal year ending June 2006.

Click here to view Worldfund's 2004 Form 990 for the fiscal year ending June 2005.

 

Click here to view Worldfund's 501c3 letter of determination from the IRS

 
CODE OF ETHICS

1. All of our activities are focused on our mission of supporting quality education for impoverished communities/children.
   
   
2. We are truthful in our broadcast, print and direct mail advertising, using actual, current case histories and photography with honest statements of purpose. We neither minimize nor overstate the human needs of those whom we assist.
   
   
3. We are committed to minimizing overhead costs to keep fundraising and administrative expenses at the lowest possible percentage of receipts, and to spending the maximum amount of available resources for the purposes for which they were given.
   
   
4. We will neither sell nor exchange, with any other agency or commercial enterprise, the information of sponsors and contributors on our mailing lists.
    
5. We support financial reporting in accordance with the requirements of the American Institute of Certified Public Accountants and will publish and disclose on request to any person, agency or the media our complete and independently audited financial statements.
   
   
6. We pay no commissions, percentages or finder's fees for any fundraising activity.
   
   
7. We refuse to engage in fundraising methods that are intimidating, harassing or misleading, that are not subject to adequate control, or that create an undue sense of obligation such as mailing unsolicited merchandise or canisters; paid canvassing; telephone solicitation to the general public; combining appeals with commercial sales which do not define specific benefits to the agency; conducting misleading campaigns or events; and paying for or making use of insincere endorsements.
   
   
8. We make economical and judicious use of all methods of fundraising, including direct mail, broadcast and print advertising.
   
   
9. We demonstrate respect for the integrity, pride, beliefs and culture of the people whom we serve, respecting their dignity. We will not denigrate them in our advertising and promotion.
   
   
10. Our objective in all our efforts is to further the good of the children, their families and communities who are in need and to raise the resources required to assist them; and to increase the goodwill and support of our constituents and the public on the one hand, and of the people and governments of the nations we serve on the other.
    
    
11. We are governed by a Board of Directors, serving without compensation, operating under bylaws ensuring adequate voting trusteeship, and whose members have no financial or other conflict of interest with the goals of the organization. We receive and act upon critical advice from an Advisory board, comprised of prominent experts from around the world, in various fields of activity.
    
    
12. We are committed to a policy and practice of full public disclosure of all relevant information concerning agency goals, programs, finances and governance.