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Nonprofiteer
← GLOBAL BUSINESS SCHOOL NETWORK

Form 990 for tax year 2023

Filed by GLOBAL BUSINESS SCHOOL NETWORK.

Totals

Total revenue
$899,977
Total expenses
$1,024,866
Contributions and grants received
$789,775
Grants paid
$14,012
Program service revenue
$108,317
Investment income
$1,256
Other revenue
$629
Total assets, end of year
$367,452
Total liabilities, end of year
$26,476
Net assets or fund balances, end of year
$340,976
Program services expenses (Part IX)
$728,055
Management and general expenses
$280,928
Fundraising expenses
$15,883
Program service expenses (Part III)
$728,055

Program services were 71.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $639,468

  • 1f · All other contributions, gifts and grants

    $150,307

  • 2a · Program service revenue: EVENT AND CONFERENCE F

    total $78,941 · related or exempt $78,941

  • 2b · Program service revenue: CONSULTING

    total $29,376 · related or exempt $29,376

  • 3 · Investment income

    total $1,256 · excluded $1,256

  • 5 · Royalties

    total $59 · excluded $59

  • 11d · All other revenue

    total $570 · excluded $570

  • 11e · Other revenue, total

    $570

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $14,012 · program services $14,012

  • 5 · Compensation of officers, directors and key employees

    total $196,259 · program services $147,194 · management and general $39,252 · fundraising $9,813

  • 7 · Other salaries and wages

    total $322,747 · program services $247,823 · management and general $73,175 · fundraising $1,749

  • 8 · Pension plan contributions

    total $640 · program services $487 · management and general $139 · fundraising $14

  • 9 · Other employee benefits

    total $31,585 · program services $24,039 · management and general $6,842 · fundraising $704

  • 10 · Payroll taxes

    total $39,582 · program services $30,126 · management and general $8,574 · fundraising $882

  • 11c · Fees: accounting

    total $35,675 · management and general $35,675

  • 11g · Fees: other

    total $100,221 · program services $40,317 · management and general $59,617 · fundraising $287

  • 12 · Advertising and promotion

    total $10,045 · program services $60 · management and general $9,985

  • 13 · Office expenses

    total $49,393 · program services $30,886 · management and general $17,604 · fundraising $903

  • 14 · Information technology

    total $11,478 · program services $8,736 · management and general $2,486 · fundraising $256

  • 16 · Occupancy

    total $52,622 · program services $40,051 · management and general $11,399 · fundraising $1,172

  • 17 · Travel

    total $143,607 · program services $134,004 · management and general $9,603

  • 19 · Conferences, conventions and meetings

    total $9,452 · program services $6,808 · management and general $2,644

  • 22 · Depreciation, depletion and amortization

    total $3,620 · program services $2,755 · management and general $784 · fundraising $81

  • 23 · Insurance

    total $995 · program services $757 · management and general $216 · fundraising $22

  • 24e · All other expenses

    total $2,933 · management and general $2,933

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $261,965 · end of year $119,097

  • 2 · Savings and temporary cash investments

    beginning of year $164,648 · end of year $100,690

  • 3 · Pledges and grants receivable

    beginning of year $102,943 · end of year $132,523

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,798 · end of year $3,842

  • 10a · Land, buildings and equipment: cost or other basis

    $23,522

  • 10b · Land, buildings and equipment: accumulated depreciation

    $19,322

  • 10c · Land, buildings and equipment, net

    beginning of year $5,021 · end of year $4,200

  • 15 · Other assets

    beginning of year $7,100 · end of year $7,100

  • 17 · Accounts payable and accrued expenses

    beginning of year $82,610 · end of year $26,476

  • 27 · Net assets without donor restrictions

    beginning of year $52,329 · end of year -$72,560

  • 28 · Net assets with donor restrictions

    beginning of year $413,536 · end of year $413,536

Mission and programs · 2023

Mission

GBSN IS AN INTERNATIONAL NON-PROFIT ORGANIZATION WORKING TO IMPROVE ACCESS TO QUALITY LOCALLY RELEVANT MANAGEMENT AND ENTREPRENEURSHIP EDUCATION FOR THE DEVELOPING WORLD.

Activities or mission (Part I)

THE OBJECTIVES AND PURPOSES OF THE ORGANIZATION ARE (1) TO FOSTER, PROMOTE, AND ENCOURAGE EDUCATION AND TRAINING IN THE FIELD OF BUSINESS AND BUSINESS MANAGEMENT; (2) TO ASSIST BUSINESS SCHOOLS AND UNIVERSITIES IN IDENTIFYING AND IMPLEMENTING PROGRAMS AND PROJECTS TO IMPROVE CAPACITY TO PROVIDE BUSINESS EDUCATION AND TRAINING FOR STUDENTS AND LOCAL BUSINESSES; (3) TO PROMOTE THE FREE EXCHANGE OF INFORMATION AND KNOWLEDGE IN BUSINESS EDUCATION BETWEEN PERSONS IN THE UNITED STATES AND OTHER DEVELOPED COUNTRIES AND PERSONS IN DEVELOPING COUNTRIES; AND (4) TO FACILITATE OPPORTUNITIES FOR STUDENTS AND MANAGERS TO GAIN PRACTICAL EXPERIENCE IN BUSINESS MANAGEMENT.

  • NETWORK SERVICES: WITH A GROWING NETWORK OF OVER 145 LEADING BUSINESS SCHOOLS ON 6 CONTINENTS, GBSN OFFERS PROGRAMS THAT IMPROVE MANAGEMENT EDUCATION FOR EMERGING ECONOMIES BY ENGAGING MEMBER BUSINESS SCHOOLS FROM AROUND THE WORLD. GBSN FOSTERS CROSS-BORDER NETWORKING, KNOWLEDGE SHARING AND COLLABORATION BOTH WITHIN THE NETWORK MEMBERSHIP AND WITH THE BROADER BUSINESS EDUCATION AND DEVELOPMENT COMMUNITIES. NEW AND EMERGING SCHOOLS ARE INVITED TO PARTICIPATE IN OPEN EVENTS AROUND THE GLOBE AND PARTNER WITH GBSN TO BUILD CAPACITY. GBSN'S FOUNDING PURPOSE WAS TO SUPPORT THE DEVELOPMENT OF QUALITY MANAGEMENT EDUCATION FOR THE DEVELOPING WORLD, AND THE ORGANIZATION MAINTAINS THAT MISSION TODAY. GBSN MEMBERSHIP PROVIDES EXCLUSIVE LEADERSHIP, NETWORKING AND ENGAGEMENT OPPORTUNITIES FOR LEADING BUSINESS SCHOOLS THAT SHARE GBSN'S MISSION. GBSN PARTNERS WITH VARIOUS INTERNATIONAL AND REGIONAL BUSINESS SCHOOL ASSOCIATIONS ON PROGRAMS.

    Expenses $462,785 · Revenue $78,941

  • ADVISORY SERVICES: GBSN WORKS WITH A WIDE RANGE OF INSTITUTIONS, NOT JUST MEMBERS, TO FACILITATE INTERNATIONAL COLLABORATION IN ALL DIRECTIONS BETWEEN EDUCATORS SO THAT SCHOOLS AT DIFFERENT STAGES OF DEVELOPMENT CAN LEARN FROM ONE ANOTHER. THROUGH PARTNERSHIPS WITH INDUSTRY, DEVELOPMENT AGENCIES, FOUNDATIONS, AND SCHOOLS. GBSN PROGRAMS BUILD LOCAL CAPACITY TO DELIVER QUALITY MANAGEMENT EDUCATION. PROGRAMS PROVIDE ASSISTANCE WITH STRATEGIC PLANNING, FACULTY DEVELOPMENT, PROGRAM DESIGN OR REVIEW. GBSN'S NETWORK APPROACH AND LOW MANAGEMENT COSTS PROVIDE A COST EFFECTIVE PLATFORM TO BUILD PROGRAMS FOR SCHOOLS IN LOW-INCOME COUNTRIES.

    Expenses $265,270 · Grants $14,012 · Revenue $29,376

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Daniel Leclair

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $196,258
    From this org
    $175,258
    From related orgs
    $0
    Other
    $21,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,258
    Bonus
    $0
    Other
    $0
    Deferred
    $21,000
    Nontaxable benefits
    $0
    Filer's total
    $196,258

  • Soumitra Dutta

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Guy Pfeffermann

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Enase Okonedo

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Dennis Hanno

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amadou Diallo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Veneta Andonova

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jikyeong Kang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Salt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carl Manlan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vikas Gupta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Leila Triki

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sangeet Chowfla

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karen Spens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202433189349308508

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