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Nonprofiteer
← NASBITE INTL INC

Form 990 for tax year 2024

Filed by NASBITE INTL INC.

Totals

Total revenue
$256,808
Total expenses
$271,180
Contributions and grants received
$35,204
Grants paid
$4,858
Program service revenue
$211,884
Investment income
$9,720
Other revenue
$0
Total assets, end of year
$359,370
Total liabilities, end of year
$16,477
Net assets or fund balances, end of year
$342,893
Program services expenses (Part IX)
$197,800
Management and general expenses
$73,380
Fundraising expenses
$0
Program service expenses (Part III)
$197,800

Program services were 72.9% 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

    $35,204

  • 2a · Program service revenue: CGBP EXAM

    total $50,937 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: ANNUAL CONFERENCE

    total $105,337 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: OTHER EDUCATION

    total $55,610 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $9,720 · unrelated business $0 · excluded $9,720

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,858 · program services $4,858

  • 11a · Fees: management

    total $97,500 · program services $48,750 · management and general $48,750 · fundraising $0

  • 11c · Fees: accounting

    total $850 · program services $0 · management and general $850 · fundraising $0

  • 13 · Office expenses

    total $360 · program services $0 · management and general $360 · fundraising $0

  • 17 · Travel

    total $3,440 · program services $0 · management and general $3,440 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $82,052 · program services $82,052 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $1,645 · program services $1,353 · management and general $292 · fundraising $0

  • 23 · Insurance

    total $2,077 · program services $0 · management and general $2,077 · fundraising $0

  • 24a · Other expenses: DIRECT PROGRAM EXPENSES

    total $35,437 · program services $35,437 · management and general $0 · fundraising $0

  • 24b · Other expenses: MISCELLANEOUS

    total $233 · program services $0 · management and general $233 · fundraising $0

  • 24c · Other expenses: BANK FEES

    total $6,444 · program services $0 · management and general $6,444 · fundraising $0

  • 24d · Other expenses: BOARD EXPENSES

    total $2,977 · program services $0 · management and general $2,977 · fundraising $0

  • 24e · All other expenses

    total $33,307 · program services $25,350 · management and general $7,957 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $59,302 · end of year $15,462

  • 2 · Savings and temporary cash investments

    beginning of year $295,617 · end of year $285,347

  • 4 · Accounts receivable

    beginning of year $5,671 · end of year $5,370

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

    $56,642

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

    $3,451

  • 10c · Land, buildings and equipment, net

    beginning of year $731 · end of year $53,191

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,206 · end of year $15,627

  • 19 · Deferred revenue

    beginning of year $850 · end of year $850

  • 27 · Net assets without donor restrictions

    beginning of year $357,265 · end of year $342,893

Mission and programs · 2024

Mission

TO COORDINATE AND ADMINISTER THE CERTIFIED GLOBAL BUSINESS PROFESSIONAL (CGBP) CREDENTIAL. TO PROMOTE AND EXCHANGE OF INFORMATION AND RESOURCES AMONG GLOBAL BUSINESS EDUCATION AND ASSISTANCE PROFESSIONALS.

  • NASBITE HAS LED THE EFFORT TO DEVELOP AND IMPLEMENT THE CERTIFIED GLOBAL BUSINESS PROFESSIONAL (CGBP) CREDENTIAL. A CGBP IS COMPETANT IN GLOBAL BUSINESS MANAGEMENT, GLOBAL MARKETING, SUPPLY CHAIN MANAGEMENT, AND TRADE FINANCE. SINCE 2005, NASBITE HAS SUCCESSFULLY TESTED AND CERTIFIED OVER 2,000 LICENSED INDIVIDUALS.

    Expenses $34,510 · Revenue $50,937

  • AN ANNUAL CONFERENCE IS HELD FOR ALL MEMBERS WHICH PROVIDES 4 FULL DAYS OF ACTIVITIES INCLUDING CGBP BOOT CAMP, WORKSHOPS, ROUNDTABLE DISCUSSIONS AND PROGRAM SESSIONS. THE CONFERENCE ATTENDANCE AVERAGE IS ABOUT 200 MEMBERS

    Expenses $76,995 · Revenue $105,337

  • OTHER EDUCATIONAL PROGRAMS

    Expenses $86,295 · Revenue $55,610

As filed on the 2024 return.

Listed in Part VII

  • Michael Seibert

    PRESIDENT

    Total calculated
    $0
  • Nate Ward

    VICE PRESIDENT

    Total calculated
    $0
  • Kellie Greene

    TREASURER

    Total calculated
    $0
  • Gabe Shweiri

    IMM PAST PRES

    Total calculated
    $0

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
30 October 2025
IRS schema version
2024v5.2
Source object
202533169349302108

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