Form 990 for tax year 2022

Filed by THEIRWORLD USA INC.

Totals

Total revenue: $2,335,994
Total expenses: $2,424,846
Contributions and grants received: $2,335,005
Grants paid: $193,000
Program service revenue: $0
Investment income: $989
Other revenue: $0
Total assets, end of year: $2,852,615
Total liabilities, end of year: $185,811
Net assets or fund balances, end of year: $2,666,804
Program services expenses (Part IX): $2,381,551
Management and general expenses: $5,652
Fundraising expenses: $37,643
Program service expenses (Part III): $2,381,551

Program services were 98.2% 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

$2,335,005
3 · Investment income

total $989 · excluded $989

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $150,000 · program services $150,000
3 · Grants to foreign organizations and individuals

total $43,000 · program services $43,000
6 · Compensation of disqualified persons

total $197,968 · program services $178,172 · management and general $19,796
7 · Other salaries and wages

total $575,492 · program services $555,541 · management and general $19,951
8 · Pension plan contributions

total $7,719 · program services $7,516 · management and general $203
9 · Other employee benefits

total $60,015 · program services $57,905 · management and general $2,110
10 · Payroll taxes

total $55,757 · program services $52,969 · management and general $2,788
11a · Fees: management

total $250,953 · program services $141,249 · management and general $72,061 · fundraising $37,643
11c · Fees: accounting

total $57,026 · management and general $57,026
11g · Fees: other

total $816,756 · program services $810,246 · management and general $6,510
12 · Advertising and promotion

total $59,640 · program services $59,640
13 · Office expenses

total $27,357 · program services $8,984 · management and general $18,373
17 · Travel

total $6,426 · program services $5,131 · management and general $1,295
22 · Depreciation, depletion and amortization

total $3,800 · management and general $3,800
23 · Insurance

total $210 · program services $210
24a · Other expenses: MEETINGS

total $112,385 · program services $80,985 · management and general $31,400
24b · Other expenses: OTHER

total $342 · program services $342
24c · Other expenses: ALLOCATED OVERHEAD

total $0 · program services $229,661 · management and general -$229,661

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $2,752,263 · end of year $126,768
2 · Savings and temporary cash investments

end of year $2,712,148
3 · Pledges and grants receivable

beginning of year $100,000 · end of year $0
9 · Prepaid expenses and deferred charges

end of year $2,832
10a · Land, buildings and equipment: cost or other basis

$19,000
10b · Land, buildings and equipment: accumulated depreciation

$10,133
10c · Land, buildings and equipment, net

beginning of year $12,667 · end of year $8,867
15 · Other assets

beginning of year $2,000 · end of year $2,000
17 · Accounts payable and accrued expenses

beginning of year $111,274 · end of year $185,811
27 · Net assets without donor restrictions

beginning of year $589,277 · end of year $1,158,687
28 · Net assets with donor restrictions

beginning of year $2,166,379 · end of year $1,508,117

Mission and programs · 2022

Mission

THE GLOBAL BUSINESS COALITION FOR EDUCATION (GBC-EDUCATION) IS A MOVEMENT OF BUSINESSES COMMITTED TO ENDING THE GLOBAL EDUCATION CRISIS. OUR MISSION IS TO ENSURE THAT ALL YOUNG PEOPLE HAVE THE BEST START IN LIFE, A SAFE PLACE TO LEARN, AND SKILLS FOR THE FUTURE.GBC-EDUCATION LEVERAGES THE COLLECTIVE POWER OF BUSINESS, GOVERNMENT, INTERNATIONAL ORGANIZATIONS, NON-GOVERNMENTAL ORGANIZATIONS (NGO), YOUTH, AND OTHER STAKEHOLDERS TO ACHIEVE THE SUSTAINABLE DEVELOPMENT GOAL OF FREE, EQUITABLE, AND INCLUSIVE QUALITY EDUCATION FOR ALL.

Activities or mission (Part I)

TO ENGAGE THE BUSINESS COMMUNITY IN SUPPORTING THE WORLD'S MOST PRESSING GLOBAL EDUCATION ISSUES.

GBC-EDUCATION LEVERAGES THE COLLECTIVE POWER OF BUSINESS, GOVERNMENT, INTERNATIONAL ORGANIZATIONS, NGOS, YOUTH, AND OTHER STAKEHOLDERS TO ACHIEVE THE SUSTAINABLE DEVELOPMENT GOAL OF FREE, EQUITABLE, AND INCLUSIVE QUALITY EDUCATION FOR ALL. THE ORGANIZATION WORKS WITH A GROWING COMMUNITY OF BUSINESS PARTNERS TO DELIVER BREAKTHROUGH EDUCATION SOLUTIONS GLOBALLY BY COLLABORATING WITH A COMPANY'S INTERNAL SOCIAL RESPONSIBILITY, DEVELOPMENT, ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG), AND IMPACT TEAMS TO DEVELOP STRATEGIES AND PROGRAMS TO SUPPORT EDUCATION. CONTINUED ON SCHEDULE OGBC-EDUCATION'S GLOBAL EDUCATION PROGRAM SPANS FOUR ACTIVE GLOBAL INITIATIVES: ESG AND SOCIAL IMPACT; HUMANITARIAN RELIEF; YOUTH SKILLS DEVELOPMENT; AND EARLY YEARS.IN 2022, GBC-EDUCATION MADE IMPORTANT PROGRESS ACROSS ALL PROGRAM'S KEY INITIATIVES AND DELIVERED MAJOR ACCOMPLISHMENTS TO ADVANCE THE ORGANIZATION'S MISSION.ESG AND SOCIAL IMPACT: IN PARTNERSHIP WITH THE BHP FOUNDATION, GBC-EDUCATION DEVELOPED THE BUSINESS INVESTMENT FOR EDUCATION IMPACT INITIATIVE (BIEI) TO BUILD A STRONGER, MORE INFORMED, AND IMPACTFUL NETWORK OF BUSINESSES. THROUGH THIS INITIATIVE, GBC-EDUCATION CONSOLIDATES BEST PRACTICES, GENERATES AND SHARES EVIDENCE-BASED TOOLS, AND IMPROVES ENGAGEMENT BETWEEN THE PRIVATE AND EDUCATION SECTORS. THE ORGANIZATION PUBLISHED A MAJOR REPORT, UNLOCKING POTENTIAL AND PERFORMANCE: RECOGNIZING EDUCATION'S POSITION AT THE CORE OF ESG. THE REPORT OFFERED A NEW APPROACH TO EDUCATIONAL INVESTMENT BY FOCUSING ON THE LINK BETWEEN EDUCATION AND ESG PRACTICES. THE REPORT PUT FORWARD A NEW BLUEPRINT DESIGNED TO SHOW HOW COMPANIES THAT COMMIT TO EDUCATION AS A SOCIAL IMPACT PRIORITY CAN INTEGRATE THESE EFFORTS INTO A NEW FRAMEWORK AND SHOWED HOW EDUCATION HAS SIGNIFICANT AND MEASURABLE IMPACTS ACROSS ALL ESG PRIORITIES AND SHOULD BELONG AT THE HEART OF ESG STRATEGY. THE REPORT AND THE ISSUES IT RAISED WERE THE FOCUS OF A PANEL DISCUSSION HOSTED BY GBC-EDUCATION AT THE UNITED NATIONS GENERAL ASSEMBLY, CHAIRED BY THE ORGANIZATION'S EXECUTIVE DIRECTOR JUSTIN VAN FLEET THAT FEATURED MEMBERS OF GBC-EDUCATION NETWORK FROM SNAP INC, PEOPLE'S POSTCODE LOTTERY, AMERICAN EXPRESS, AND ESTEE LAUDER. THE ORGANIZATION USES THE BLUEPRINT OUTLINED IN THE REPORT TO CREATE A GLOBALLY RECOGNIZED PUBLIC GOOD TO DRIVE NEW INVESTMENTS IN ESG THAT SYSTEMICALLY PROMOTE EQUITY IN EDUCATION, IMPROVE SOCIETAL OUTCOMES, AND ADDRESS MATERIAL CORPORATE ISSUES. HUMANITARIAN RELIEF: GBC-EDUCATION LAUNCHED THE DIGITAL EQUITY FOR UKRAINE INITIATIVE, A $30 MILLION PARTNERSHIP WITH HP INC. AND MICROSOFT TO DELIVER 74,000 LAPTOPS TO CHILDREN, TEACHERS, AND SCHOOLS IN NEED, BOTH INSIDE UKRAINE AND IN NEIGHBORING COUNTRIES. THE DISTRIBUTION BEGAN IN TWO REGIONS OF UKRAINE WITH THE ASSISTANCE OF THE OLENA ZELENSKA FOUNDATION, THE CHARITY OF UKRAINE'S FIRST LADY, AND THE COOPERATION OF THE UKRAINE HOUSE. GBC-EDUCATION PARTNER CHARITIES IN THE BORDER TO UKRAINE COUNTRIES STARTED DELIVERING LAPTOPS TO UKRAINIAN REFUGEE TEACHERS AND CHILDREN TO ENABLE THEM TO CONTINUE LESSONS, CONTACT FRIENDS AND FAMILIES BACK HOME, AND STAY IN TOUCH WITH THE WORLD. IN ADDITION TO DEVICES, GBC-EDUCATION PROVIDED DIRECT PROGRAM SUPPORT TO SEVERAL LOCAL ORGANIZATIONS TO DELIVER HIGH-QUALITY EDUCATION SUPPORT FOR DISPLACED AND REFUGEE UKRAINIAN CHILDREN AND YOUTH.YOUTH SKILLS DEVELOPMENT: GBC-EDUCATION LAUNCHED ITS INAUGURAL BIG IDEAS, BRIGHT CITIES CHALLENGE DESIGNED TO HELP SOLVE AN URGENT PROBLEM IN THE UNITED STATES, WHERE ONE IN TEN YOUNG PEOPLE ARE NOT IN SCHOOL OR NOT EMPLOYED, AND MILLIONS MORE ARE UNDEREMPLOYED.THE CHALLENGE INVITED CITIES TO DEVELOP BOLD, INNOVATIVE IDEAS THAT EQUIP YOUNG PEOPLE WITH THE SKILLS TO PARTICIPATE IN THE WORKFORCE. AFTER RECEIVING A LARGE NUMBER OF APPLICATIONS, GBC-EDUCATION SELECTED 13 CITY FINALISTS TO RECEIVE GRANT FUNDING AND COME TOGETHER AS A COMMUNITY OF PRACTICE OF CHANGE MAKERS IN CITIES ACROSS THE USA. THE GRAND PRIZE WINNER RECEIVED A $100,000 GRANT FOR ITS PROGRAM LINKING YOUNG PEOPLE FROM LOW-INCOME BACKGROUNDS AND FIRST-GENERATION COLLEGE STUDENTS WITH PAID INTERNSHIPS WITH LOCAL MINORITY- AND WOMEN-OWNED BUSINESSES AND TO FINANCIALLY SUPPORT STUDENTS IN A SUMMER SKILLS DEVELOPMENT PROGRAM. TWO RUNNER-UP ORGANIZATIONS: ONE ORGANIZATION ACTS AS A CAREER ADVISOR FOR LOW-INCOME YOUTH AND A SECOND ORGANIZATION PROVIDES CAREER GUIDANCE AND PREPARATION, JOB TRAINING, AND JOB PLACEMENT TO YOUTH BETWEEN 15 AND 25 - EACH RECEIVED A $10,000 GRANT. THE REMAINING FINALISTS RECEIVED MICRO GRANTS TO SUPPORT THEIR WORK. EARLY YEARS: GBC-EDUCATION LAUNCHED THIS INITIATIVE IN LATE 2022 TO FOCUS ON BUSINESS ENGAGEMENT TO SUPPORT EARLY CHILDHOOD DEVELOPMENT AND EDUCATION ALIGNED WITH THE GLOBAL ACT FOR EARLY YEARS CAMPAIGN.

Expenses $2,381,551 · Grants $193,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

SARAH BROWN

EXEC. CHAIR, DIRECTOR

Total calculated

$0

Hours/week

6 + 2 related
DAVID BOUTCHER

SECRETARY, TREASURER, DIRE

Total calculated

$0

Hours/week

6 + 2 related
LISA BELZBERG

DIRECTOR

Total calculated

$0

Hours/week

1
EDWARD ESTRADA

DIRECTOR

Total calculated

$0

Hours/week

1
JOYCE MALOMBE

DIRECTOR

Total calculated

$0

Hours/week

1
JUSTIN W VAN FLEET

EXECUTIVE DIRECTOR

Total calculated

$198,444

From this org

$176,478

From related orgs

$0

Other

$21,966

Hours/week

35 + 5 related

Schedule J breakdown matched by us

Base

$176,478

Bonus

$0

Other

$0

Deferred

$3,672

Nontaxable benefits

$18,294

Filer's total

$198,444
EMILY FRIEDMAN

HEAD OF BUSINESS IMPACT

Total calculated

$169,138

From this org

$140,747

From related orgs

$0

Other

$28,391

Hours/week

35

Schedule J breakdown matched by us

Base

$140,747

Bonus

$0

Other

$0

Deferred

$2,999

Nontaxable benefits

$25,392

Filer's total

$169,138
ANNA SHAKAROVA

HEAD OF OPS/PROJECT MONITO

Total calculated

$141,651

From this org

$131,394

From related orgs

$0

Other

$10,257

Hours/week

35

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 committee
3 · Form 990 of other organizations
3 · Written employment contract
3 · Compensation survey or study

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

The filer's explanations (Part III)

PART I, LINE 3: THEIRWORLD, THE SOLE MEMBER, DETERMINES THE COMPENSATION FOR THE EXECUTIVE DIRECTOR USING A COMPENSATION REVIEW PROCESS THAT INCLUDES INDEPENDENT PERSONS, A REVIEW OF THE FORM 990 OF OTHER ORGANIZATIONS, USE OF A WRITTEN EMPLOYMENT CONTRACT, AND APPROVAL BY THE BOARD/COMPENSATION COMMITTEE. THIS PROCESS TAKES PLACE ANNUALLY AT THE END OF THE YEAR IN NOVEMBER.

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

ACTION GREENSBORO

$100,000

TWO-YEAR GRANT TO SUPPORT YOUTH SKILLS ACTIVITIES AND TO FACILITATE PARTICIPATION IN THE GBC-EDUCATION'S COMMUNITY OF PRACTICE
SIDEKICK EDUCATION INC

$10,000

ONE-YEAR GRANT TO SUPPORT YOUTH SKILLS ACTIVITIES AND TO FACILITATE PARTICIPATION IN THE GBC-EDUCATION'S COMMUNITY OF PRACTICE
ORLANDO COMMUNITY & YOUTH TRUST INC

$10,000

ONE-YEAR GRANT TO SUPPORT YOUTH SKILLS ACTIVITIES AND TO FACILITATE PARTICIPATION IN THE GBC-EDUCATION'S COMMUNITY OF PRACTICE

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.

THEIRWORLD

EDUCATIONAL MISSION SIMILAR TO THE U.S. ORGANIZATION · UK
THEIRWORLD PROJECTS LIMITED

EDUCATIONAL MISSION SIMILAR TO THE U.S. ORGANIZATION · UK

Directly controlled by THEIRWORLD

Provenance

Return type: form_990
Tax year: 2022
Filed: 19 October 2023
IRS schema version: 2022v5.0
Source object: 202342969349301399

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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