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Nonprofiteer
← WORLD BUSINESS ACADEMY

Form 990 for tax year 2025

Filed by WORLD BUSINESS ACADEMY.

Totals

Total revenue
$639,015
Total expenses
$688,131
Contributions and grants received
$571,428
Grants paid
$123,986
Program service revenue
$24,000
Investment income
$1,568
Other revenue
$42,019
Total assets, end of year
$8,092,935
Total liabilities, end of year
$1,875,042
Net assets or fund balances, end of year
$6,217,893
Program services expenses (Part IX)
$490,923
Management and general expenses
$139,917
Fundraising expenses
$57,291
Program service expenses (Part III)
$490,923

Program services were 71.3% 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

    $49,837

  • 1f · All other contributions, gifts and grants

    $521,591

  • 2a · Program service revenue: CONSULTING

    total $24,000 · related or exempt $24,000

  • 3 · Investment income

    total $1,568 · excluded $1,568

  • 11a · Other revenue: REIMBURSEMENTS

    total $37,840 · excluded $37,840

  • 11b · Other revenue: MISCELLANEOUS

    total $4,179 · excluded $4,179

  • 11e · Other revenue, total

    $42,019

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $33,986 · program services $33,986

  • 2 · Grants to domestic individuals

    total $90,000 · program services $90,000

  • 5 · Compensation of officers, directors and key employees

    total $15,251 · program services $12,200 · management and general $763 · fundraising $2,288

  • 7 · Other salaries and wages

    total $131,875 · program services $105,500 · management and general $6,594 · fundraising $19,781

  • 9 · Other employee benefits

    total $8,765 · program services $7,012 · management and general $438 · fundraising $1,315

  • 10 · Payroll taxes

    total $10,894 · program services $8,715 · management and general $545 · fundraising $1,634

  • 11b · Fees: legal

    total $12,238 · management and general $12,238

  • 11c · Fees: accounting

    total $42,903 · management and general $42,903

  • 11g · Fees: other

    total $77,111 · program services $61,689 · management and general $3,855 · fundraising $11,567

  • 12 · Advertising and promotion

    total $27,144 · program services $21,715 · management and general $1,357 · fundraising $4,072

  • 13 · Office expenses

    total $1,514 · program services $1,211 · management and general $76 · fundraising $227

  • 14 · Information technology

    total $25,626 · program services $20,501 · management and general $1,281 · fundraising $3,844

  • 16 · Occupancy

    total $42,811 · program services $34,248 · management and general $2,141 · fundraising $6,422

  • 17 · Travel

    total $8,758 · program services $7,006 · management and general $438 · fundraising $1,314

  • 20 · Interest

    total $64,196 · management and general $64,196

  • 22 · Depreciation, depletion and amortization

    total $54 · program services $43 · management and general $3 · fundraising $8

  • 23 · Insurance

    total $3,774 · program services $3,019 · management and general $189 · fundraising $566

  • 24a · Other expenses: OPTIMIST PROJECT

    total $61,396 · program services $61,396

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $11,840 · program services $9,472 · management and general $592 · fundraising $1,776

  • 24c · Other expenses: PROPERTY TAXES

    total $10,045 · program services $8,036 · management and general $502 · fundraising $1,507

  • 24d · Other expenses: MEALS

    total $4,546 · program services $3,637 · management and general $227 · fundraising $682

  • 24e · All other expenses

    total $3,404 · program services $1,537 · management and general $1,579 · fundraising $288

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $100,774 · end of year $16,474

  • 4 · Accounts receivable

    beginning of year $532,313 · end of year $590,274

  • 5 · Loans and receivables from officers and key people

    beginning of year $1,051,048

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,731

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

    $6,436,397

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

    $1,258

  • 10c · Land, buildings and equipment, net

    beginning of year $6,435,192 · end of year $6,435,139

  • 12 · Investments: other securities

    end of year $1,051,048

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,184 · end of year $6,805

  • 22 · Loans and payables to officers and key people

    beginning of year $1,673,384 · end of year $1,255,108

  • 23 · Secured mortgages and notes payable

    end of year $158,800

  • 25 · Other liabilities

    beginning of year $176,070 · end of year $454,329

  • 27 · Net assets without donor restrictions

    beginning of year $6,266,420 · end of year $6,217,893

Mission and programs · 2025

Mission

TO CHANGE BUSINESS LEADERS CONSCIOUSNESS FROM SELF SERVICE TO SERVANT LEADERSHIP. TO CHANGE THE CONSCIOUSNESS OF YOUNG PEOPLE ENTERING BUSINESS, PARTICULARLY TO SEE THEMSELVES AS ENTERING A NOBLE PROFESSION, NOT A JUNGLE. TO CHANGE THE CONSCIOUSNESS OF THE PUBLIC AT LARGE.

  • ENVIRONMENTAL SUSTAINABILITY CONSULTATION AND EDUCATION.

    Expenses $490,923 · Grants $123,986 · Revenue $24,000

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Diane Circincione

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rinaldo S Brutoco

    CEO

    Total calculated
    $0
    Hours/week
    20 + 5 related

  • Lalla D Brutoco

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • Merryl Zegar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bill Moses

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Blaine Bartlett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jerry Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vaishali Chadha

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jerry Lucera

    CFO

    Total calculated
    $15,250
    From this org
    $15,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    13 + 2 related

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

  • PROPONENT MANAGEMENT CORP

    $31,500

    SUPPORT MISSION

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • WORLD BUSINESS ACADEMY SUSTAINABLE VISION LLC

    ENVIRONMENTAL EDUCATION · CA · income $0 · assets $6,435,139

    Directly controlled by WORLD BUSINESS ACADEMY

Provenance

Return type
form_990
Tax year
2025
Filed
22 July 2026
IRS schema version
2025v4.2
Source object
202622249349301247

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