PLATINUM2024

World Championships Organizing Committee Inc

Promoting the mental, physical, and emotional health of older adults through international sporting events.

Lake Worth Beach, FL   |  https://wcoc.charity/

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GuideStar Charity Check

World Championships Organizing Committee Inc

EIN: 23-3061780


Mission

PROMOTING THE HEALTH OF SENIORS THROUGH INTERNATIONAL COMPETITIONS FOR SENIORS.

Ruling year info

2001

Chairman

Michael Beautyman

Board Member

Stephen Alvstad

Main address

2010 Notre Dame Dr

Lake Worth Beach, FL 33460 USA

Show more contact info

EIN

23-3061780

Subject area info

Human services information

Senior services

Senior assisted living

Population served info

Older adults

Seniors

NTEE code info

Senior Continuing Care Communities (P75)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Our vision is to encourage older adults to stay healthy and active for a lifetime. One way we do this is through our annual charitable Beautyman Cup which demonstrates the value of working on fitness by showcasing the best tennis players in the world, ages 65-90, in an annual competition between Team USA and Team World. We feel that by modeling these older accomplished athletes, others will be encouraged to maintain their mental, physical, and emotional health.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Beautyman Cup

Our vision is to encourage older adults to stay healthy and active for a lifetime. One way we do this is through our annual charitable Beautyman Cup which demonstrates the value of working on fitness by showcasing the best tennis players in the world, ages 65-90, in an annual competition between Team USA and Team World. We feel that by modeling these older accomplished athletes, others will be encouraged to maintain their mental, physical, and emotional health.

Population(s) Served
Older adults
Seniors

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of people on the organization's email list

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Promoting the mental, physical, and emotional health of older adults through international sporting events

Our charity plans, organizes, and hosts international tennis sporting events every year with the purpose of showcasing/promoting Senior Health. As the charity grows and increases its worldwide footprint, there is the potential for more frequent events across several different sports.

The charity has successfully hosted the Beautyman Cup for several years now.

The charity has hosted several successful events promoting senior health and the number of sponsors and donations increases each year.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We share the feedback we received with the people we serve, We tell the people who gave us feedback how we acted on their feedback

  • What challenges does the organization face when collecting feedback?

    We don't have any major challenges to collecting feedback

Financials

World Championships Organizing Committee Inc
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

2.13

Average of 1.48 over 9 years

Months of cash in 2022 info

SOURCE: IRS Form 990

3

Average of 16583.8 over 9 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

0%

Average of 0% over 9 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

World Championships Organizing Committee Inc

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

World Championships Organizing Committee Inc

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

World Championships Organizing Committee Inc

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of World Championships Organizing Committee Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $29,763 $148,786 $8,688 $277,102 -$999,368
As % of expenses 26813.5% 232478.1% 1880.5% 4324.3% -7530.5%
Unrestricted surplus (deficit) after depreciation $29,763 $148,786 $8,688 $277,102 -$999,368
As % of expenses 26813.5% 232478.1% 1880.5% 4324.3% -7530.5%
Revenue composition info
Total revenue (unrestricted & restricted) $43,181 $61,354 $75,732 $355,301 -$63,257
Total revenue, % change over prior year -41.1% 42.1% 23.4% 369.2% -117.8%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.1% 0.0% 0.0%
Investment income 11.0% 13.2% 8.8% 1.4% -5.5%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 33.4% 259.6% 3.5% 1.2% -22.5%
Other revenue 55.5% -172.8% 87.7% 97.4% 128.0%
Expense composition info
Total expenses before depreciation $111 $64 $462 $6,408 $13,271
Total expenses, % change over prior year -91.7% -42.3% 621.9% 1287.0% 107.1%
Personnel 0.0% 0.0% 0.0% 0.0% 0.0%
Professional fees 100.0% 100.0% 100.0% 23.4% 75.7%
Occupancy 0.0% 0.0% 0.0% 3.9% 0.0%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 0.0% 0.0% 0.0% 72.7% 24.3%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $111 $64 $462 $6,408 $13,271
One month of savings $9 $5 $39 $534 $1,106
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $120 $69 $501 $6,942 $14,377

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 2010.1 26944.3 2174.4 166.1 3.0
Months of cash and investments 78099.8 183976.7 26101.2 1942.6 747.0
Months of estimated liquid unrestricted net assets 108370.1 215851.7 30127.2 2691.0 395.7
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $18,593 $143,703 $83,715 $88,681 $3,360
Investments $703,830 $837,506 $921,182 $948,652 $822,792
Receivables $0 $0 $0 $506,051 $0
Gross land, buildings, equipment (LBE) $0 $0 $0 $0 $0
Accumulated depreciation (as a % of LBE) 0.0% 0.0% 0.0% 0.0% 0.0%
Liabilities (as a % of assets) 0.0% 0.0% 0.0% 6.9% 47.0%
Unrestricted net assets $1,002,423 $1,151,209 $1,159,897 $1,436,999 $437,631
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $0 $0 $0 $0 $0
Total net assets $1,002,423 $1,151,209 $1,159,897 $1,436,999 $437,631

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Chairman

Michael Beautyman

Board Member

Stephen Alvstad

Number of employees

Source: IRS Form 990

World Championships Organizing Committee Inc

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

World Championships Organizing Committee Inc

Board of directors
as of 01/18/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Michael Beautyman

World Championships Organizing Committee, Inc.

Michael Beautyman

Stephen Alvstad

Marilyn Parsons

Domingo Ramos

John Paul Zelazny

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 1/8/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

The organization's co-leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

Disability

We do not display disability information for organizations with fewer than 15 staff.

Equity strategies

Last updated: 01/08/2024

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We review compensation data across the organization (and by staff levels) to identify disparities by race.
  • We ask team members to identify racial disparities in their programs and / or portfolios.
  • We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
  • We disaggregate data by demographics, including race, in every policy and program measured.
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We use a vetting process to identify vendors and partners that share our commitment to race equity.
  • We have community representation at the board level, either on the board itself or through a community advisory board.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.