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New York BBB Wise Giving Report for
World Lung Foundation

A BBB Accredited charity

 



Expiration Date:
07/2015
Name:
World Lung Foundation
Address:
61 Broadway, Suite 2800
New York, NY 10006
Phone:
212-542-8870
Year, State Incorporated:
2004, New York
Affiliates:
None
Stated Purpose:
" The World Lung Foundation seeks to the improve the lives of individuals across the world by working to prevent the spread of lung disease. "





Evaluation Conclusions
 

              
World Lung Foundation (WLF) meets the 20 Standards for Charity Accountability.




Programs
 

              
The World Lung Foundation works in the second and third world countries where Lung Disease is most rampant. They provide assistance to governments and agencies to help deliver medical and health knowledge.



Governance
 

              
Chief Executive Officer:
Mr. Peter Baldini, CEO & Managing Director
Compensation*:
$245,380
Chair of the Board:
Mr. Louis James de Viel Castel
Chair's Profession / Business Affiliation:
Managing Director, Quilvest Capital, Switzerland
Board Size:
15
Paid Staff Size:
17



*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

              
Method(s) Used:


Internet
Fund raising costs were 1% of related contributions. (Related contributions, which totaled $26,694,486, are donations received as a result of fund raising activities.)




Tax Status
 

              
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.




Financial
 

              
The following information is based on WLF's Audited Financial Statements for the fiscal year ended December 31, 2011.

Source of Funds  

Grants

$26,655,408

Contributions

39,078

Interest Income

642

Total Income

$26,695,128

Program Expenses  

Program Services

$37,132,655
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Expenses in Excess of Income

37,132,655
267,476
1,725,327

$39,125,458

$(12,430,330)




Uses of Funds as a % of Total Expenses


Programs: 95%  Fund Raising: 1%  Administrative 4% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $29,108,329
Ending net assets 16,677,999
Total liabilities 6,407,438

Total assets

$23,085,437






 

A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fundraising or promotional purposes and may not be reproduced or distributed in whole or in part.