Independent Auditors’ Reports as Required by Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and Government Auditing Standards and Related Information

This document consists of the independent auditors' reports and consolidated financial statements for the World Resources Institute (WRI) and its subsidiaries for the fiscal years ending September 30, 2019, and 2018. The reportsS reportsSSSS reports, conducted by Grant Thornton LLP, provide an unmodified opinion on the financial statements and compliance for major federal programs, while identifying a significant deficiency regarding the timing of contribution revenue recognition.

• Grant Thornton LLP issued an unmodified opinion on the consolidated financial statements of the World Resources Institute and its subsidiaries for the years ended September 30, 2019 and 2018, stating they present fairly, in all material respects, the financial position and changes in net assets in accordance with U.S. GAAP.
• The Institute's total assets increased from $141S 1,669,442 in 2018 to $169,995,735 as of September 30, 2019, with total net assets rising from $114,869,178 to $148,109,S 469 over the same period.
• For the fiscal year ended September 30, 2019, the Institute reported total operating revenues of $164,614,772 and total operating expenses of $128,741,191, resulting in a change in net assets from operations of $35,873,581.
• The Institute's revenue sources are heavily weighted toward foreign governments, which accounted for 62% of grants, pledges, and contracts receivable in S 2019, compared to 46% in 2018.
• The auditors identified a significant deficiency (Finding 2019-001) regarding the recognition of contribution revenues, where the Institute failed to appropriately account for aS 2.975 million of a $5 million conditional contribution, recording it in fiscal 2020 instead of 2019 when conditions were met.
• The Institute maintains a donor-restricted endowment of $25.1 million (cost basis) established on January 1, 1991, with a spending guideline of 4.5% of the trailing 12 quarter average market value.
• Total federal expenditures for the year ended September 30, 2019, were $4,501,614, with the largest portion coming from the U.S. Agency for International Development (USAID) totaling $2,572,488.

APA

World Resources Institute (2019). Independent Auditors’ Reports as Required by Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and Government Auditing Standards and Related Information. https://wriorg.s3.amazonaws.com/s3fs-public/uploads/wri-fy19-audit-report-a133.pdf

Chicago

World Resources Institute. Independent Auditors’ Reports as Required by Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and Government Auditing Standards and Related Information. 2019. https://wriorg.s3.amazonaws.com/s3fs-public/uploads/wri-fy19-audit-report-a133.pdf.

Wikipedia

{{cite report |author=World Resources Institute |title=Independent Auditors’ Reports as Required by Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and Government Auditing Standards and Related Information |date=30 September 2019 |url=https://wriorg.s3.amazonaws.com/s3fs-public/uploads/wri-fy19-audit-report-a133.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldresourcesinstitute2019independent, author = {{World Resources Institute}}, title = {{Independent Auditors’ Reports as Required by Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and Government Auditing Standards and Related Information}}, institution = {World Resources Institute}, year = {2019}, month = sep, url = {https://wriorg.s3.amazonaws.com/s3fs-public/uploads/wri-fy19-audit-report-a133.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }