TY 2023 Form 990

(A)
Name and title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC)

(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)

(F)
Estimated amount of other compensation from the organization and related organizations

(1) BARUCH GOTTLIEB......................................................................
SECRETARY, DIRECTOR

5.00
.................
0.00

(2) EUGENE PURYEAR START 0224......................................................................
TREASURER, DIRECTOR

5.00
.................
0.00

(3) IVAN OROSA PALEO END 0224......................................................................
TREASURER, DIRECTOR

5.00
.................
0.00

(4) KRISTINE TERESA KROUTH......................................................................
PRESIDENT, DIRECTOR

15.00
.................
0.00

(A)
Name and title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC)

(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)

(F)
Estimated amount of other compensation from the organization and related organizations

(A)
Name and business address

(B)
Description of services

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0


Name of organization PEOPLE'S WELFARE ASSOCIATION	Employer identification number 83-4705654
Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
RESTRICTED	,	$ RESTRICTED	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)


Name of organization PEOPLE'S WELFARE ASSOCIATION	Employer identification number 83-4705654
Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (2023)

Return Reference	Explanation
PART I-A, LINE 1:	IN ITS EFFORTS TO SUPPORT ORGANIZATIONS THAT EMPOWER MARGINALIZED POPULATIONS IN FOREIGN COUNTRIES, THE ORGANIZATION SUPPORT GRANTEES THAT MAY CONDUCT ADVOCACY AND LOBBYING PROJECTS THAT FURTHER ITS SOCIAL WELFARE MISSION. SOME OF ITS GRANTEES CONDUCT ACTIVITIES THAT COULD BE DEEMED DIRECT OR INDIRECT CAMPAIGN ACTIVITY (WITHIN THE MEANING OF THE REGULATIONS UNDER SECTION 501(C)(4)). SUPPORT TO ANY GRANTEES THAT MAY ENGAGE IN CAMPAIGN ACTIVITY IS NOT THE PRIMARY PURPOSE OF THE ORGANIZATION.

(c) Region	(d) Purpose of grant	(e) Amount of cash grant	(f) Manner of cash disbursement	(g) Amount of noncash assistance	(h) Description of noncash assistance	(i) Method of valuation (book, FMV, appraisal, other)
CENTRAL AMERICA AND THE CARIBBEAN	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	80,000	ELECTRONIC FUND/WIRE TRANSFER	0
CENTRAL AMERICA AND THE CARIBBEAN	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	490,000	ELECTRONIC FUND/WIRE TRANSFER	0
CENTRAL AMERICA AND THE CARIBBEAN	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	70,000	ELECTRONIC FUND/WIRE TRANSFER	0
EUROPE (INCLUDING ICELAND & GREENLAND)	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	1,580,000	ELECTRONIC FUND/WIRE TRANSFER	0
EUROPE (INCLUDING ICELAND & GREENLAND)	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	0		50,000	INTELLECTUAL PROPERTY	BOOK
EUROPE (INCLUDING ICELAND & GREENLAND)	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	89,938	ELECTRONIC FUND/WIRE TRANSFER	0
SOUTH AMERICA	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	550,000	ELECTRONIC FUND/WIRE TRANSFER	0
SOUTH AMERICA	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	1,375,000	ELECTRONIC FUND/WIRE TRANSFER	0
SOUTH AMERICA	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	30,000	ELECTRONIC FUND/WIRE TRANSFER	0
SOUTH AMERICA	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	30,000	ELECTRONIC FUND/WIRE TRANSFER	0
SOUTH AMERICA	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	710,000	ELECTRONIC FUND/WIRE TRANSFER	0
SOUTH AMERICA	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	50,000	ELECTRONIC FUND/WIRE TRANSFER	0
SOUTH AMERICA	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	335,000	ELECTRONIC FUND/WIRE TRANSFER	0
SOUTH AMERICA	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	80,000	ELECTRONIC FUND/WIRE TRANSFER	0
SOUTH AMERICA	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	30,000	ELECTRONIC FUND/WIRE TRANSFER	0
SOUTH AMERICA	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	50,000	ELECTRONIC FUND/WIRE TRANSFER	0
SOUTH AMERICA	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	50,000	ELECTRONIC FUND/WIRE TRANSFER	0
SOUTH AMERICA	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	160,000	ELECTRONIC FUND/WIRE TRANSFER	0
SOUTH AMERICA	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	1,610,000	ELECTRONIC FUND/WIRE TRANSFER	0
SOUTH AMERICA	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	250,000	ELECTRONIC FUND/WIRE TRANSFER	0
SOUTH AMERICA	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	50,000	ELECTRONIC FUND/WIRE TRANSFER	0
SOUTH AMERICA	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	2,378,000	ELECTRONIC FUND/WIRE TRANSFER	0
SOUTH AMERICA	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	1,390,000	ELECTRONIC FUND/WIRE TRANSFER	0
SOUTH AMERICA	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	45,000	ELECTRONIC FUND/WIRE TRANSFER	0
SOUTH AMERICA	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	20,000	ELECTRONIC FUND/WIRE TRANSFER	0
SOUTH AMERICA	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	1,251,000	ELECTRONIC FUND/WIRE TRANSFER	0
SOUTH AMERICA	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	90,000	ELECTRONIC FUND/WIRE TRANSFER	0
SOUTH AMERICA	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	45,000	ELECTRONIC FUND/WIRE TRANSFER	0
SOUTH AMERICA	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	521,000	ELECTRONIC FUND/WIRE TRANSFER	0
SOUTH AMERICA	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	248,000	ELECTRONIC FUND/WIRE TRANSFER	0
SOUTH ASIA	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	40,000	ELECTRONIC FUND/WIRE TRANSFER	0
SUB-SAHARAN AFRICA	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	400,000	ELECTRONIC FUND/WIRE TRANSFER	0
SUB-SAHARAN AFRICA	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	50,000	ELECTRONIC FUND/WIRE TRANSFER	0
SUB-SAHARAN AFRICA	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	790,000	ELECTRONIC FUND/WIRE TRANSFER	0
SUB-SAHARAN AFRICA	SOCIAL WELFARE SUPPORT TO GRANTEES THAT MAY ENGAGE IN POLITICAL ACTIVITY	967,000	ELECTRONIC FUND/WIRE TRANSFER	0
SUB-SAHARAN AFRICA	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	180,000	ELECTRONIC FUND/WIRE TRANSFER	0
SUB-SAHARAN AFRICA	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	50,000	ELECTRONIC FUND/WIRE TRANSFER	0
SUB-SAHARAN AFRICA	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	180,000	ELECTRONIC FUND/WIRE TRANSFER	0
SUB-SAHARAN AFRICA	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	50,000	ELECTRONIC FUND/WIRE TRANSFER	0
SUB-SAHARAN AFRICA	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	1,814,000	ELECTRONIC FUND/WIRE TRANSFER	0
SUB-SAHARAN AFRICA	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	243,000	ELECTRONIC FUND/WIRE TRANSFER	0
SUB-SAHARAN AFRICA	CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES	916,000	ELECTRONIC FUND/WIRE TRANSFER	0
SUB-SAHARAN AFRICA	SOCIAL WELFARE SUPPORT TO GRANTEES THAT MAY ENGAGE IN POLITICAL ACTIVITY	160,000	ELECTRONIC FUND/WIRE TRANSFER	0

(a)
Check if applicable

(b)
Number of contributions or items contributed

(d)
Method of determining
noncash contribution amounts

1 Art—Works of art ....

2 Art—Historical treasures .

3 Art—Fractional interests ..

4 Books and publications ..

5 Clothing and household
goods .......

6 Cars and other vehicles ..

7 Boats and planes ....

8 Intellectual property ...

50,000

COST OR SELLING PRICE

9 Securities—Publicly traded .

10 Securities—Closely held stock .

11 Securities—Partnership, LLC,
or trust interests ....

12 Securities—Miscellaneous ..

13 Qualified conservation
contribution—Historic
structures .....

14 Qualified conservation
contribution—Other ...

15 Real estate—Residential .

16 Real estate—Commercial ..

17 Real estate—Other ...

18 Collectibles .....

19 Food inventory ...

20 Drugs and medical supplies .

21 Taxidermy ......

22 Historical artifacts ....

23 Scientific specimens ..

24 Archeological artifacts ...

25 Other Right pointing arrow large image

( )

26 Other Right pointing arrow large image

( )

27 Other Right pointing arrow large image

( )

28 Other Right pointing arrow large image

( )

Return Reference	Explanation
PART I, COLUMN (B):	THE NUMBER OF CONTRIBUTIONS.

Return Reference

Explanation

PART I, COLUMN (B):

THE NUMBER OF CONTRIBUTIONS.

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 6	THE DIRECTORS OF THE CORPORATION ARE ITS MEMBERS.
FORM 990, PART VI, SECTION B, LINE 11B	THE ORGANIZATION PRESENTS ITS BOARD OF DIRECTORS WITH ISSUED FINANCIAL STATEMENTS AND A DRAFT OF THE IRS FORM 990. UPON BOARD APPROVED FORM 990, THE FINAL RETURN IS FILED WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C	A DIRECTOR OR OFFICER SHALL DISCLOSE A CONFLICT OF INTEREST (A) PRIOR TO VOTING ON OR OTHERWISE DISCHARGING HIS DUTIES WITH RESPECT TO ANY MATTER INVOLVING THE CONFLICT WHICH COMES BEFORE THE BOARD OR ANY COMMITTEE, (B) PRIOR TO ENTERING INTO ANY CONTRACT OR TRANSACTION INVOLVING THE CONFLICT, (C) AS SOON AS POSSIBLE AFTER THE DIRECTOR OR OFFICER LEARNS OF THE CONFLICT, AND (D) ON THE ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM. THE SECRETARY OF THE CORPORATION SHALL DISTRIBUTE ANNUALLY TO ALL DIRECTORS, OFFICERS AND KEY EMPLOYEES (AS IDENTIFIED BY THE CORPORATION), A FORM SOLICITING THE DISCLOSURE OF ALL CONFLICTS OF INTEREST, INCLUDING SPECIFIC INFORMATION CONCERNING THE TERMS OF ANY CONTRACT OR TRANSACTION WITH THE CORPORATION AND WHETHER THE PROCESS FOR APPROVAL SET FORTH IN THIS POLICY WAS USED. SUCH DISCLOSURE FORM MAY REQUIRE DISCLOSURE OF OTHER RELATIONSHIPS THAT MAY NOT CONSTITUTE AN ACTUAL CONFLICT OF INTEREST, BUT WHICH ARE REQUIRED TO BE DISCLOSED IN ORDER FOR THE CORPORATION TO COMPLY WITH ITS ANNUAL REPORTING REQUIREMENTS. FOR THE AVOIDANCE OF DOUBT, A DIRECTOR DOES NOT VOTE ON THE MATTER IN WHICH THEY HAVE A CONFLICT.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION WILL MAKE THESE DOCUMENTS AVAILABLE UPON REQUEST.
FORM 990, PART XI, LINE 9:	GRANTS RETURNED 309.

Return Reference

Explanation

FORM 990, PART VI, SECTION A, LINE 6

THE DIRECTORS OF THE CORPORATION ARE ITS MEMBERS.

FORM 990, PART VI, SECTION B, LINE 11B

THE ORGANIZATION PRESENTS ITS BOARD OF DIRECTORS WITH ISSUED FINANCIAL STATEMENTS AND A DRAFT OF THE IRS FORM 990. UPON BOARD APPROVED FORM 990, THE FINAL RETURN IS FILED WITH THE IRS.

FORM 990, PART VI, SECTION B, LINE 12C

A DIRECTOR OR OFFICER SHALL DISCLOSE A CONFLICT OF INTEREST (A) PRIOR TO VOTING ON OR OTHERWISE DISCHARGING HIS DUTIES WITH RESPECT TO ANY MATTER INVOLVING THE CONFLICT WHICH COMES BEFORE THE BOARD OR ANY COMMITTEE, (B) PRIOR TO ENTERING INTO ANY CONTRACT OR TRANSACTION INVOLVING THE CONFLICT, (C) AS SOON AS POSSIBLE AFTER THE DIRECTOR OR OFFICER LEARNS OF THE CONFLICT, AND (D) ON THE ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM. THE SECRETARY OF THE CORPORATION SHALL DISTRIBUTE ANNUALLY TO ALL DIRECTORS, OFFICERS AND KEY EMPLOYEES (AS IDENTIFIED BY THE CORPORATION), A FORM SOLICITING THE DISCLOSURE OF ALL CONFLICTS OF INTEREST, INCLUDING SPECIFIC INFORMATION CONCERNING THE TERMS OF ANY CONTRACT OR TRANSACTION WITH THE CORPORATION AND WHETHER THE PROCESS FOR APPROVAL SET FORTH IN THIS POLICY WAS USED. SUCH DISCLOSURE FORM MAY REQUIRE DISCLOSURE OF OTHER RELATIONSHIPS THAT MAY NOT CONSTITUTE AN ACTUAL CONFLICT OF INTEREST, BUT WHICH ARE REQUIRED TO BE DISCLOSED IN ORDER FOR THE CORPORATION TO COMPLY WITH ITS ANNUAL REPORTING REQUIREMENTS. FOR THE AVOIDANCE OF DOUBT, A DIRECTOR DOES NOT VOTE ON THE MATTER IN WHICH THEY HAVE A CONFLICT.

FORM 990, PART VI, SECTION C, LINE 19

THE ORGANIZATION WILL MAKE THESE DOCUMENTS AVAILABLE UPON REQUEST.

FORM 990, PART XI, LINE 9:

GRANTS RETURNED 309.

1	Briefly describe the organization’s mission or most significant activities: PROMOTION OF SOCIAL WELFARE PROGRAMS TO EMPOWER MARGINALIZED POPULATIONS
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	3
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	3
5	Total number of individuals employed in calendar year 2023 (Part V, line 2a) ......	5	0
6	Total number of volunteers (estimate if necessary) .............	6	10
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, Part I, line 11 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	18,060,470	19,871,379
9	Program service revenue (Part VIII, line 2g) .........	0	0
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	19,730	16,540
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	0	0
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	18,080,200	19,887,919
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	18,806,310	19,547,938
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	0	0
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	107,064	98,861
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	18,913,374	19,646,799
19	Revenue less expenses. Subtract line 18 from line 12.......	-833,174	241,120
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	874,371	1,115,470
21	Total liabilities (Part X, line 26).............	0	0
22	Net assets or fund balances. Subtract line 21 from line 20.....	874,371	1,115,470

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 19,562,066 including grants of $ 19,547,938 ) (Revenue $ )
	THE ORGANIZATION SUPPORTS EDUCATION AND ADVOCACY PROGRAMS THAT PROMOTE HUMAN RIGHTS AND SOCIAL JUSTICE. IN ADDITION, IT SUPPORTS CIVIC ENGAGEMENT PROGRAMS TO EMPOWER THE MARGINALIZED POPULATIONS, AND PROGRAMS TO PROMOTE JOURNALISM THAT BETTERS THE LIVES OF IMPACTED COMMUNITIES. THE ORGANIZATION FOCUSES THESE EFFORTS PRINCIPALLY ON FOREIGN COMMUNITIES WITH LARGE MARGINALIZED POPULATIONS. THE ORGANIZATION'S PRINCIPAL ACTIVITY IS THE PROMOTION OF SOCIAL WELFARE THROUGH THE PROVISION OF STRATEGIC AND FINANCIAL SUPPORT TO LOCAL ORGANIZATIONS THAT SUPPORT THE ORGANIZATION'S MISSION.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses19,562,066

1b	Sub-Total..............
c	Total from continuation sheets to Part VII, Section A..
d	Total (add lines 1b and 1c).........	0	0	0

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

1a	Federated campaigns..		1a
b	Membership dues..		1b
c	Fundraising events..		1c
d	Related organizations		1d
e	Government grants (contributions)		1e

f	All other contributions, gifts, grants, and similar amounts not included above		1f	19,871,379

g	Noncash contributions included in lines 1a - 1f:$		1g	50,000

h Total. Add lines 1a-1f.......		19,871,379

		Business Code
2a
b
c
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....

3 Investment income (including dividends, interest, and othersimilar amounts) ......			16,540			16,540
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
			(i) Real	(ii) Personal
6a	Gross rents	6a
b	Less: rental expenses	6b
c	Rental income or (loss)	6c
d	Net rental income or (loss).......
			(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory	7a
b	Less: cost or other basis and sales expenses	7b
c	Gain or (loss)	7c
d	Net gain or (loss).........
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..

Business Code
11a
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......
12	Total revenue. See instructions.....			19,887,919	0	0	16,540

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............	19,547,938	19,547,938
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........
7	Other salaries and wages........
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....
9	Other employee benefits .......
10	Payroll taxes ...........
11	Fees for services (non-employees):
a	Management ......
b	Legal .........	17,660	14,128	3,532
c	Accounting ...........	68,986		68,986
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)
12	Advertising and promotion ....
13	Office expenses .......	6,505		6,505
14	Information technology ......
15	Royalties ..
16	Occupancy ...........
17	Travel ............
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..
23	Insurance ...	1,588		1,588
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	FEDERAL TAXES	4,122		4,122
b
c
d
e	All other expenses
25	Total functional expenses. Add lines 1 through 24e	19,646,799	19,562,066	84,733	0
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			1
2	Savings and temporary cash investments .........		874,371	2	1,115,470
3	Pledges and grants receivable, net ......			3
4	Accounts receivable, net .............			4
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
				5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
				6
7	Notes and loans receivable, net ...........			7
8	Inventories for sale or use ............			8
9	Prepaid expenses and deferred charges ......			9
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a
b	Less: accumulated depreciation	10b		10c
11	Investments—publicly traded securities .			11
12	Investments—other securities. See Part IV, line 11 .....			12
13	Investments—program-related. See Part IV, line 11 ..			13
14	Intangible assets ...............			14
15	Other assets. See Part IV, line 11 ...........			15
16	Total assets. Add lines 1 through 15 (must equal line 33)...		874,371	16	1,115,470

17	Accounts payable and accrued expenses .....		17
18	Grants payable ...		18
19	Deferred revenue .........		19
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D		25
26	Total liabilities. Add lines 17 through 25..	0	26	0

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........		27
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....	-782,876	29	241,099
30	Paid-in or capital surplus, or land, building or equipment fund ...	0	30	0
31	Retained earnings, endowment, accumulated income, or other funds	1,657,247	31	874,371
32	Total net assets or fund balances ...........	874,371	32	1,115,470
33	Total liabilities and net assets/fund balances ........	874,371	33	1,115,470


Name of organization PEOPLE'S WELFARE ASSOCIATION			Employer identification number 83-4705654
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

Limits on Lobbying Expenditures (The term "expenditures" means amounts paid or incurred.)		(b) Affiliated group totals
1a	Total lobbying expenditures to influence public opinion (grass roots lobbying) ......................
b	Total lobbying expenditures to influence a legislative body (direct lobbying) ........................
c	Total lobbying expenditures (add lines 1a and 1b) ............................................................
d	Other exempt purpose expenditures ...............................................................................
e	Total exempt purpose expenditures (add lines 1c and 1d) ..................................................
f	Lobbying nontaxable amount. Enter the amount from the following table in both columns.
	If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
	Not over $500,00020% of the amount on line 1e.
	Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
	Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
	Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
	Over $17,000,000$1,000,000.

g	Grassroots nontaxable amount (enter 25% of line 1f) .................................................
h	Subtract line 1g from line 1a. If zero or less, enter -0-. ................................................
i	Subtract line 1f from line 1c. If zero or less, enter -0-. ................................................
j	If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting section 4911 tax for this year? ...................................................................................................................	Yes No

Software ID:
Software Version:

Software ID:
Software Version:

Software ID:
Software Version:

4-Year Averaging Period Under Section 501(h) (Some organizations that made a section 501(h) election do not have to complete all of the five columns below. See the separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
	Calendar year (or fiscal year beginning in)	(a) 2019	(b) 2020	(c) 2021	(d) 2022	(e) Total

2a	Lobbying nontaxable amount

b	Lobbying ceiling amount (150% of line 2a, column(e))

c	Total lobbying expenditures

d	Grassroots nontaxable amount

e	Grassroots ceiling amount (150% of line 2d, column (e))

f	Grassroots lobbying expenditures

(a) Region		(b) Number of offices in the region	(c) Number of employees, agents, and independent contractors in the region	(d) Activities conducted in region (by type) (such as, fundraising, program services, investments, grants to recipients located in the region)	(f) Total expenditures for and investments in the region
	CENTRAL AMERICA AND THE CARIBBEAN	0	0	GRANT-MAKING	640,000
	EUROPE (INCLUDING ICELAND & GREENLAND)	0	0	GRANT-MAKING	1,719,938
	SOUTH AMERICA	0	0	GRANT-MAKING	11,348,000
	SOUTH ASIA	0	0	GRANT-MAKING	40,000
	SUB-SAHARAN AFRICA	0	0	GRANT-MAKING	5,800,000












3a	Sub-total ....	0	0		19,547,938
b	Total from continuation sheets to Part I ...	0	0		0
c	Totals (add lines 3a and 3b)	0	0		19,547,938

2	Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .......	0
3	Enter total number of other organizations or entities .......................	42

1	Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
2	Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to separately file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A; don't file with Form 990). . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
3	Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. (see Instructions for Form 5471). . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
4	Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If “Yes,” the organization may be required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621) .	Yes	No
5	Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships (see Instructions for Form 8865). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
6	Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to separately file Form 5713, International Boycott Report (see Instructions for Form 5713; don't file with Form 990).. . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No

ReturnReference	Explanation
PART I, LINE 2:	THE BOARD OF DIRECTORS IS RESPONSIBLE FOR RESEARCHING, IDENTIFYING, AND SELECTING POTENTIAL PROJECTS FOR SUPPORT FROM THE ORGANIZATION. PROJECTS ARE SELECTED BASED ON THE BOARD'S DETERMINATION OF THE POTENTIAL BENEFITS TO THE COMMUNITY AND GENERAL PROMOTION OF THE COMMON GOOD. ANY GRANTS ISSUED BY THE ORGANIZATION ARE SUBJECT TO A WRITTEN GRANT AGREEMENT THAT SPECIFIES THE USE OF THE FUNDS AND ENSURES THEY ARE USED CONSISTENT WITH THE ORGANIZATION'S SOCIAL WELFARE PURPOSES. THE ORGANIZATION, AS APPROPRIATE, HAS GRANTEES PROVIDE REPORTS ON THE PROJECTS IT SUPPORTS SUFFICIENT TO ENSURE THE PROPER USE OF ITS FUNDING.
PART II, LINE 1	ACCOUNTING METHOD - CASH