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Nonprofiteer
← BUSARA CENTER FOR BEHAVIORAL ECONOMICS INC

Form 990 for tax year 2023

Filed by BUSARA CENTER FOR BEHAVIORAL ECONOMICS INC.

Totals

Total revenue
$11,385,819
Total expenses
$10,770,323
Contributions and grants received
$6,689,148
Grants paid
$0
Program service revenue
$4,430,849
Investment income
$32,556
Other revenue
$233,266
Total assets, end of year
$8,835,924
Total liabilities, end of year
$3,122,697
Net assets or fund balances, end of year
$5,713,227
Program services expenses (Part IX)
$8,086,153
Management and general expenses
$2,684,170
Fundraising expenses
$0
Program service expenses (Part III)
$8,086,153

Program services were 75.1% 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.

  • 1e · Government grants (contributions)

    $30,052

  • 1f · All other contributions, gifts and grants

    $6,659,096

  • 2a · Program service revenue: CONSULTING FEES

    total $4,401,439 · related or exempt $4,401,439

  • 2b · Program service revenue: LAB INCOME

    total $29,410 · related or exempt $29,410

  • 3 · Investment income

    total $29,950 · excluded $29,950

  • 6a · Gross rents

    real property $10,035

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $10,035

  • 6d · Net rental income or loss

    total $10,035 · excluded $10,035

  • 7a · Gross sales of assets other than inventory

    other assets $2,606

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $2,606

  • 7d · Net gain or loss

    total $2,606 · excluded $2,606

  • 11a · Other revenue: INCOME TAX BENEFIT (SEE SCH. O)

    total $185,940 · excluded $185,940

  • 11b · Other revenue: OTHER INCOME

    total $37,291 · excluded $37,291

  • 11e · Other revenue, total

    $223,231

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $152,546 · program services $106,782 · management and general $45,764

  • 7 · Other salaries and wages

    total $4,443,617 · program services $3,020,080 · management and general $1,423,537

  • 8 · Pension plan contributions

    total $79,090 · program services $53,802 · management and general $25,288

  • 9 · Other employee benefits

    total $560,916 · program services $381,328 · management and general $179,588

  • 10 · Payroll taxes

    total $28,680 · program services $19,510 · management and general $9,170

  • 11b · Fees: legal

    total $2,537 · program services $2,357 · management and general $180

  • 11c · Fees: accounting

    total $46,279 · management and general $46,279

  • 11g · Fees: other

    total $1,056,948 · program services $1,024,942 · management and general $32,006

  • 13 · Office expenses

    total $225,549 · program services $69,717 · management and general $155,832

  • 16 · Occupancy

    total $173,143 · program services $74,860 · management and general $98,283

  • 17 · Travel

    total $770,876 · program services $668,145 · management and general $102,731

  • 20 · Interest

    total $64,858 · management and general $64,858

  • 22 · Depreciation, depletion and amortization

    total $36,070 · program services $8,351 · management and general $27,719

  • 23 · Insurance

    total $28,520 · program services $22,869 · management and general $5,651

  • 24a · Other expenses: SURVEYS AND PARTNERS

    total $1,996,741 · program services $1,857,151 · management and general $139,590

  • 24b · Other expenses: FIELD GUIDES

    total $632,501 · program services $632,395 · management and general $106

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $239,417 · program services $34,604 · management and general $204,813

  • 24d · Other expenses: LOSS ON CURR. EXCHANGE

    total $98,044 · management and general $98,044

  • 24e · All other expenses

    total $133,991 · program services $109,260 · management and general $24,731

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $551,405 · end of year $605,447

  • 2 · Savings and temporary cash investments

    beginning of year $7,125,588 · end of year $6,683,573

  • 3 · Pledges and grants receivable

    beginning of year $9,750

  • 4 · Accounts receivable

    beginning of year $885,319 · end of year $813,051

  • 9 · Prepaid expenses and deferred charges

    beginning of year $50,042 · end of year $37,251

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

    $464,232

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

    $384,412

  • 10c · Land, buildings and equipment, net

    beginning of year $52,337 · end of year $79,820

  • 15 · Other assets

    beginning of year $566,557 · end of year $616,782

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,799,357 · end of year $1,883,444

  • 19 · Deferred revenue

    beginning of year $788,569 · end of year $526,934

  • 24 · Unsecured notes and loans payable

    beginning of year $149,414 · end of year $149,900

  • 25 · Other liabilities

    beginning of year $1,405,927 · end of year $562,419

  • 27 · Net assets without donor restrictions

    beginning of year $3,019,399 · end of year $1,839,652

  • 28 · Net assets with donor restrictions

    beginning of year $2,078,332 · end of year $3,873,575

Mission and programs · 2023

Mission

BUSARA WORKS WITH RESEARCHERS AND ORGANIZATIONS TO ADVANCE AND APPLY BEHAVIORAL SCIENCE IN PURSUIT OF POVERTY ALLEVIATION. CURRENT STUDIES ARE CONDUCTED IN NAIROBI-KENYA, TRENTON-NEW JERSEY, LAGOS-NIGERIA, DELHI-INDIA, UGANDA AND TANZANIA.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • WE HAD 167 ACTIVE PROJECTS RUNNING IN THE YEAR IN VARIOUS FIELDS AND APPLYING BEHAVIORAL SCIENCE. WORK INVOLVED CONDUCTING RESEARCH TO AID IN THE PREPARATION OF DATA FOR NUMEROUS PUBLICATIONS AND WORKING PAPERS AND ANALYZING OF EXISTING DATASETS FOR FURTHER EXPERIMENTATION AND DESIGN.

    Expenses $8,086,153 · Revenue $4,430,849

As filed on the 2023 return.

Listed in Part VII

  • Chaning Ahn Wong Jang

    CEO

    Total calculated
    $152,546
    From this org
    $140,154
    From related orgs
    $0
    Other
    $12,392
    Hours/week
    36

    Schedule J breakdown matched by us

    Base
    $140,004
    Bonus
    $150
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $12,392
    Filer's total
    $152,546

  • Jeremy Place Shapiro

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • James Hugh Vancel

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Johannes Andreas Haushofer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bonnie Okumu

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nira Jethani

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lynn Eisenhart

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Anne Healy

    BOARD MEMBER (THROUGH 02/23)

    Total calculated
    $0
    Hours/week
    1

  • Carolina Tivelli

    BOARD MEMBER (THROUGH 08/23)

    Total calculated
    $0
    Hours/week
    1

  • Steve Wendel

    VICE PRESIDENT

    Total calculated
    $124,670
    From this org
    $113,030
    From related orgs
    $0
    Other
    $11,640
    Hours/week
    36

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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
CHANING AHN WONG JANG AND STEVE WENDEL EACH RECEIVED $150 BONUSES IN 2023.

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
7 November 2024
IRS schema version
2023v5.1
Source object
202433129349301803

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