GLOBAL BUSINESS COALITION FOR EDUCATION INC

EIN: 454960988 501(c)(3) Education

NEW YORK, NY

Total Revenue
$1,788,312
Total Expenses
$1,564,329
Total Assets
$2,229,819
Net Assets
$2,116,105
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
DE
Principal Officer
JUSTIN W VAN FLEET
Phone
2125215451
Tax Period
2024-01-01 to 2024-12-31

GLOBAL BUSINESS COALITION FOR EDUCATION INC, founded in 2012, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $1.6M left a modest 13% surplus.

Mission

THEIRWORLD USA CREATES AWARENESS, RAISES FINANCIAL RESOURCES, AND TAKES ACTION TO END THE EDUCATION CRISIS IN THE U.S. AND AROUND THE WORLD. THE ORGANIZATION'S MISSION IS TO ENSURE THAT ALL CHILDREN HAVE THE BEST START IN LIFE, A SAFE PLACE TO LEARN, AND SKILLS FOR THE FUTURE. THE ORGANIZATION SUPPORTS EFFORTS TO ENGAGE YOUNG PEOPLE AND THE BUSINESS COMMUNITY IN EDUCATION, USING EVIDENCE AND RESEARCH TO GUIDE ITS WORK. THEIRWORLD USA ALSO ENGAGES IN GLOBAL EDUCATION PROJECTS AND CAMPAIGNS ALIGNED WITH THEIRWORLD.

Program Service Accomplishments

Program 1
Expenses: $1,390,442 Revenue: $0

THEIRWORLD USA'S KEY PROGRAMS INCLUDE: THE BEST START IN LIFE: THE ORGANIZATION SUPPORTS EARLY CHILDHOOD DEVELOPMENT AND EDUCATION ACTIVITIES ALIGNED WITH THE ACT FOR EARLY YEARS CAMPAIGN. THE...

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THEIRWORLD USA'S KEY PROGRAMS INCLUDE: THE BEST START IN LIFE: THE ORGANIZATION SUPPORTS EARLY CHILDHOOD DEVELOPMENT AND EDUCATION ACTIVITIES ALIGNED WITH THE ACT FOR EARLY YEARS CAMPAIGN. THE CAMPAIGN AIMS TO SECURE QUALITY EARLY CHILDHOOD DEVELOPMENT, CARE, AND EDUCATION FOR EVERY CHILD DURING THE FIRST FIVE YEARS OF LIFE. THE CAMPAIGN ENGAGES A GLOBAL NETWORK OF CIVIL SOCIETY ORGANIZATIONS, YOUTH, AND BUSINESS LEADERS. CONTINUED ON SCHEDULE OA SAFE PLACE TO LEARN: THE ORGANIZATION AIMS TO ENSURE THAT ALL CHILDREN HAVE A SAFE LEARNING ENVIRONMENT, INCLUDING FOR CHILDREN WHOSE EDUCATION IS DISRUPTED BECAUSE OF DISASTER OR CONFLICT. WHEN A DISASTER STRIKES, CHILDREN CAN LOSE OUT ON YEARS OF SCHOOLING. IN SOME CIRCUMSTANCES, THEY BECOME VULNERABLE TO TRAFFICKING, CHILD LABOR, AND OTHER DANGERS. FOR A YOUNG PERSON OR FAMILY IN CRISIS, EDUCATION PROVIDES A SAFE SPACE, A SENSE OF NORMALCY, AND GROWING HOPE. FOR A COMMUNITY, EDUCATION SERVES AS THE BEDROCK TO REBUILD EVEN STRONGER ECONOMICALLY AND SOCIALLY.SKILLS FOR THE FUTURE: THE ORGANIZATION WORKS TO ADDRESS THE YOUTH SKILLS AND EMPLOYMENT BY HARNESSING THE INNOVATION AND CREATIVITY OF YOUTH AND INDUSTRY LEADERS TO FORGE NEW PARTNERSHIPS TO BRIDGE THE GAP BETWEEN EDUCATION AND PARTICIPATION IN THE ECONOMY. THROUGH ITS GLOBAL BUSINESS COALITION FOR EDUCATION ACTIVITIES, THE ORGANIZATION WORKS WITH GLOBAL BUSINESS COMMUNITY AND INDUSTRY LEADERS TO BUILD A MOVEMENT OF BUSINESSES COMMITTED TO ENDING THE GLOBAL EDUCATION CRISIS AND UNLEASHING THE POTENTIAL OF THE NEXT GENERATION. THESE ACTIVITIES BROKER RELATIONSHIPS BETWEEN DIVERSE STAKEHOLDERS AND SUPPORT COMPANIES' IMPLEMENTATION OF SOCIAL IMPACT PROGRAMS WHICH LEVERAGE SUSTAINABLE RESULTS FOR CHILDREN AND YOUTH. FOR EXAMPLE: THE ACT FOR EARLY YEARS CAMPAIGN MAKES THE BUSINESS CASE FOR ALL CHILDREN TO HAVE ACCESS TO QUALITY EARLY CHILDHOOD DEVELOPMENT, CARE, AND PRESCHOOL EDUCATION. EARLY YEARS INVESTMENT IS VITAL FOR SCHOOL READINESS AND LIFELONG WELL-BEING WHILE UNLOCKING ECONOMIC OPPORTUNITIES FOR PARENTS AND CAREGIVERS AND FOR BUSINESSES AND NATIONAL AND GLOBAL ECONOMY. THE DISASTER RELIEF AND EDUCATION RESPONSE FUND OFFERS COMPANIES AN IMMEDIATE, INNOVATIVE, AND IMPACTFUL WAY TO CHANNEL SUPPORT FOR EDUCATION IN HUMANITARIAN CRISIS. THE YOUTH SKILLS AND EMPLOYMENT ACCELERATOR INITIATIVE IS A NETWORK OF LEADING COMMUNITY ORGANIZATIONS FOCUSED ON DELIVERING QUALITY, INNOVATIVE, RESULTS-ORIENTED SKILLS PROGRAMMING FOR YOUTH IN THE UNITED STATES. EACH YEAR, SELECT ORGANIZATIONS GAIN ACCESS TO RESOURCES, EXPERTISE, AND PARTNERSHIPS WITH THE PRIVATE SECTOR TO CREATE WORKFORCE OPPORTUNITIES FOR ALL AMERICAN YOUTH. NOW IN ITS THIRD YEAR, THE ACCELERATOR HAS ENGAGED 43 ORGANIZATIONS IN 28 STATES, WHICH COLLECTIVELY REACH OVER 250,000 YOUNG PEOPLE WITH PLANS TO EXPAND THE PROGRAM INTERNATIONALLY.THE PARTNERSHIP HUB BRINGS TOGETHER BUSINESSES ACROSS GEOGRAPHIES AND SECTORS TO SHAPE POLICIES, BUILD PROGRAMS, AND DEVELOP FINANCIAL MODELS THAT IMPACT EDUCATION FOR CHILDREN AND YOUTH. THE HUB HARNESSES THE ORGANIZATION'S STRATEGIC ADVISORY EXPERTISE, NETWORK OF BUSINESSES AND TRADE ASSOCIATIONS, AND AFFILIATIONS WITH INTERNATIONAL ORGANIZATIONS TO DRIVE PROGRESS IN EDUCATION. THE ROUNDTABLES, EVENTS, AND RESEARCH ACTIVITIES BUILD THE EVIDENCE BASE OF BEST PRACTICE IN SUPPORT OF EDUCATION. RECENT THEMES RANGE FROM THE IMPLICATIONS OF ARTIFICIAL INTELLIGENCE (AI) ON EDUCATION AND SKILLS IN THE AFRICAN REGION TO THE BEST WAYS TO ENGAGE EMPLOYEES IN SUPPORTING LEARNING IN THEIR COMMUNITIES.THEIRWORLD USA ALSO SUPPORTS YOUTH DEVELOPMENT THROUGH THE GLOBAL YOUTH AMBASSADOR PROGRAM, PROVIDING YOUNG PEOPLE WHO ARE PASSIONATE ABOUT ENDING THE EDUCATION CRISIS WITH THE SKILLS, KNOWLEDGE, AND COMMUNITY TO UNLOCK BIG CHANGE AT A LOCAL AND GLOBAL LEVEL. PARTICIPANTS IN THE PROGRAM - YOUNG PEOPLE AGES 18 TO 28 - ARE EQUIPPED WITH TOOLS, INFORMATION, AND OPPORTUNITIES TO WORK IN THEIR LOCAL COMMUNITIES AND ON GLOBAL PLATFORMS TO ENSURE ALL YOUNG PEOPLE HAVE ACCESS TO QUALITY EDUCATION FROM THE EARLY YEARS THROUGH ADULTHOOD.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,694,204
Program Service Revenue $0
Investment Income $94,108
Other Revenue $0
TOTAL REVENUE $1,788,312

Expense Breakdown

Grants Paid $108,950
Salaries & Benefits $930,175
Fundraising Expenses $36,632
Program Expenses $1,390,442
Other Expenses $525,204
TOTAL EXPENSES $1,564,329

Year-over-Year Comparison

2024 2023 Change
Revenue $1,788,312 $1,280,237 +0.4%
Expenses $1,564,329 $2,055,295 -0.2%
Net Income $223,983 $-775,058 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
7
Volunteers
6

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$229,954
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUSTIN W VAN FLEET CEO 35.00
Officer
$202,062 $27,892 $229,954
EMILY FRIEDMAN ASSOCIATE DIRECTOR 35.00
Highest
$162,682 $25,733 $188,415
ANNA SHAKAROVA DIRECTOR 35.00
Highest
$151,381 $11,244 $162,625
SARAH BROWN EXEC. CHAIR, DIRECTOR 6.00
Officer Director
$0 $0 $0
DAVID BOUTCHER SECRETARY, DIRECTOR 6.00
Officer Director
$0 $0 $0
EDWARD ESTRADA TREASURER, DIRECTOR 1.00
Officer Director
$0 $0 $0
LISA BELZBERG DIRECTOR 1.00
Director
$0 $0 $0
JOYCE MALOMBE DIRECTOR 1.00
Director
$0 $0 $0
SHANNON DE BOISSARD DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,788,312 $1,564,329 $2,229,819 $223,983
2023 $1,280,237 $2,055,295 $2,075,365 $-775,058
2022 $2,335,994 $2,424,846 $2,852,615 $-88,852
2021 $3,104,641 $1,863,988 $2,982,896 $1,240,653
2021 $60,648 $134,810 $2,866,930 $-74,162
2020 $2,546,338 $1,648,174 $1,797,305 $898,164
2019 $1,328,832 $1,152,929 $818,219 $175,903
2019 $1,128,832 $1,127,388 $618,219 $1,444
2018 $605,021 $706,791 $560,418 $-101,770
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