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Nonprofiteer
← BUSARA CENTER FOR BEHAVIORAL ECONOMICS INC

Form 990 for tax year 2024

Filed by BUSARA CENTER FOR BEHAVIORAL ECONOMICS INC.

Totals

Total revenue
$9,107,336
Total expenses
$10,194,198
Contributions and grants received
$3,990,562
Grants paid
$0
Program service revenue
$4,667,705
Investment income
$219,790
Other revenue
$229,279
Total assets, end of year
$7,607,475
Total liabilities, end of year
$2,981,110
Net assets or fund balances, end of year
$4,626,365
Program services expenses (Part IX)
$8,016,022
Management and general expenses
$2,178,176
Fundraising expenses
$0
Program service expenses (Part III)
$8,016,022

Program services were 78.6% 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.

  • 1f · All other contributions, gifts and grants

    $3,990,562

  • 2a · Program service revenue: CONSULTING FEES

    total $4,667,705 · related or exempt $4,667,705

  • 3 · Investment income

    total $219,175 · excluded $219,175

  • 7a · Gross sales of assets other than inventory

    other assets $615

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

    other assets $0

  • 7c · Gain or loss

    other assets $615

  • 7d · Net gain or loss

    total $615 · excluded $615

  • 11a · Other revenue: INCOME TAX BENEFIT (SE

    total $205,947 · excluded $205,947

  • 11b · Other revenue: FOREIGN EXCHANGE GAIN

    total $17,511 · excluded $17,511

  • 11c · Other revenue: OTHER INCOME

    total $5,821 · excluded $5,821

  • 11e · Other revenue, total

    $229,279

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $220,053 · program services $154,037 · management and general $66,016

  • 7 · Other salaries and wages

    total $4,361,737 · program services $3,194,669 · management and general $1,167,068

  • 8 · Pension plan contributions

    total $104,559 · program services $76,431 · management and general $28,128

  • 9 · Other employee benefits

    total $587,705 · program services $429,809 · management and general $157,896

  • 10 · Payroll taxes

    total $15,791 · program services $11,542 · management and general $4,249

  • 11b · Fees: legal

    total $6,176 · program services $5,727 · management and general $449

  • 11c · Fees: accounting

    total $55,992 · management and general $55,992

  • 11g · Fees: other

    total $1,370,331 · program services $1,322,575 · management and general $47,756

  • 13 · Office expenses

    total $149,923 · program services $77,351 · management and general $72,572

  • 16 · Occupancy

    total $158,295 · program services $73,443 · management and general $84,852

  • 17 · Travel

    total $792,902 · program services $671,357 · management and general $121,545

  • 20 · Interest

    total $10,600 · management and general $10,600

  • 22 · Depreciation, depletion and amortization

    total $45,303 · program services $3,007 · management and general $42,296

  • 23 · Insurance

    total $28,784 · program services $7,689 · management and general $21,095

  • 24a · Other expenses: SURVEYS AND PARTNERS

    total $1,160,228 · program services $1,076,524 · management and general $83,704

  • 24b · Other expenses: FIELD GUIDES

    total $743,384 · program services $743,161 · management and general $223

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $148,817 · program services $68,844 · management and general $79,973

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

    total $98,943 · management and general $98,943

  • 24e · All other expenses

    total $134,675 · program services $99,856 · management and general $34,819

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $605,447 · end of year $1,578,991

  • 2 · Savings and temporary cash investments

    beginning of year $6,683,573 · end of year $4,242,439

  • 4 · Accounts receivable

    beginning of year $813,051 · end of year $921,508

  • 9 · Prepaid expenses and deferred charges

    beginning of year $37,251 · end of year $76,632

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

    $570,871

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

    $473,930

  • 10c · Land, buildings and equipment, net

    beginning of year $79,820 · end of year $96,941

  • 15 · Other assets

    beginning of year $616,782 · end of year $690,964

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,883,444 · end of year $1,672,123

  • 19 · Deferred revenue

    beginning of year $526,934 · end of year $934,081

  • 24 · Unsecured notes and loans payable

    beginning of year $149,900 · end of year $148,225

  • 25 · Other liabilities

    beginning of year $562,419 · end of year $226,681

  • 27 · Net assets without donor restrictions

    beginning of year $1,839,652 · end of year $1,866,135

  • 28 · Net assets with donor restrictions

    beginning of year $3,873,575 · end of year $2,760,230

Mission and programs · 2024

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, PRINCETON-NEW JERSEY, LAGOS-NIGERIA, DELHI-INDIA, UGANDA AND TANZANIA.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • WE HAD 175 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 $8,016,022 · Revenue $4,667,705

As filed on the 2024 return.

Listed in Part VII

  • CHANING AHN WONG JANG

    CEO (UNTIL 6/24)

    Total calculated
    $79,553
    From this org
    $79,553
    From related orgs
    $0
    Other
    $0
    Hours/week
    36

  • JAMES HUGH VANCEL

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • NIRA JETHANI

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JOHANNES ANDREAS HAUSHOFER

    BOARD MEMBER (THROUGH 1/24)

    Total calculated
    $0
    Hours/week
    1

  • JEREMY PLACE SHAPIRO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BONNIE OKUMU

    BOARD MEMBER (THROUGH 8/24)

    Total calculated
    $0
    Hours/week
    1

  • LYNN EISENHART

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SYON BHANOT

    BOARD MEMBER (FROM 8/24)

    Total calculated
    $0
    Hours/week
    1

  • NEELA SALDANHA

    BOARD MEMBER (FROM 11/24)

    Total calculated
    $0
    Hours/week
    1

  • FRANCIS MEYO

    CEO (FROM 9/24) VP PROG. (TO 9/24)

    Total calculated
    $140,500
    From this org
    $132,566
    From related orgs
    $0
    Other
    $7,934
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
23 July 2025
IRS schema version
2024v5.2
Source object
202532049349300113

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