2025-07-23T08:53:13-05:00 2024-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2024-01-01 462695042 BUSARA CENTER FOR BEHAVIORAL ECONOMICS INC BUSA 3107803560 28 SPRING ST 193 PRINCETON NJ 08542 FRANCIS MEYO CHIEF EXECUTIVE OFFICER 3107803560 2025-07-23 1 0 RICHARD J LOCASTRO CPA P00288314 3019519090 2024 2025-03-06 01:10:19Z FRANCIS MEYO 28 SPRING ST 193 PRINCETON NJ 08542 9107336 0 X WWW.BUSARA.GLOBAL X 2013 MA SEE PART III, LINE 1. 7 6 4 6 0 0 6689148 3990562 4430849 4667705 32556 219790 233266 229279 11385819 9107336 0 0 0 0 5264849 5289845 0 0 0 5505474 4904353 10770323 10194198 615496 -1086862 8835924 7607475 3122697 2981110 5713227 4626365 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. 0 0 8016022 4667705 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. 8016022 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 0 0 4 1 0 1 KE UG TZ NI IN 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X FRANCIS MAYO 3107803560 28 SPRING ST 193 PRINCETON NJ 08542 CHANING AHN WONG JANG CEO (UNTIL 6/24) 36.00 X X 79553 0 0 JAMES HUGH VANCEL PRESIDENT 1.00 X X 0 0 0 NIRA JETHANI TREASURER 1.00 X X 0 0 0 JOHANNES ANDREAS HAUSHOFER BOARD MEMBER (THROUGH 1/24) 1.00 X 0 0 0 JEREMY PLACE SHAPIRO BOARD MEMBER 1.00 X 0 0 0 BONNIE OKUMU BOARD MEMBER (THROUGH 8/24) 1.00 X 0 0 0 LYNN EISENHART BOARD MEMBER 1.00 X 0 0 0 SYON BHANOT BOARD MEMBER (FROM 8/24) 1.00 X 0 0 0 NEELA SALDANHA BOARD MEMBER (FROM 11/24) 1.00 X 0 0 0 FRANCIS MEYO CEO (FROM 9/24) VP PROG. (TO 9/24) 36.00 X X 132566 0 7934 212119 0 7934 1 0 0 0 60 DECIBELS INC 228 PARK AVE S PMB 54413 NEW YORK NY 100031502 LEAN MEASUREMENT SERVICES 632813 MSC GLOB CONS PTE LTD 3 SHENTON WY 12-08 SHENTON HOUSE SN 068805 INCEPTION REPORT SERVICES 326985 EDI GLOB LTD 2-4 PACKHORSE RD GERRARDS CR BUCKS SLQE UK TECH HUB SERVICES 105000 3 X 3990562 3990562 CONSULTING FEES 900099 4667705 4667705 4667705 219175 219175 615 0 615 615 615 INCOME TAX BENEFIT (SE 900099 205947 205947 FOREIGN EXCHANGE GAIN 900099 17511 17511 OTHER INCOME 900099 5821 5821 229279 9107336 4667705 0 449069 X 220053 154037 66016 4361737 3194669 1167068 104559 76431 28128 587705 429809 157896 15791 11542 4249 6176 5727 449 55992 55992 1370331 1322575 47756 149923 77351 72572 158295 73443 84852 792902 671357 121545 10600 10600 45303 3007 42296 28784 7689 21095 SURVEYS AND PARTNERS 1160228 1076524 83704 FIELD GUIDES 743384 743161 223 DUES & SUBSCRIPTIONS 148817 68844 79973 LOSS ON CURR. EXCHANGE 98943 98943 134675 99856 34819 10194198 8016022 2178176 0 605447 1578991 6683573 4242439 813051 921508 37251 76632 570871 473930 79820 96941 616782 690964 8835924 7607475 1883444 1672123 526934 934081 149900 148225 562419 226681 3122697 2981110 X 1839652 1866135 3873575 2760230 5713227 4626365 8835924 7607475 -1086862 0 X 0 1 X 1 0 X 1404912 3916434 5232947 6689148 3990562 21234003 5429575 5875490 4960854 4430849 4667705 25364473 6834487 9791924 10193801 11119997 8658267 46598476 1126378 2827274 3788520 4055674 2784641 14582487 2163138 27678 1479763 800493 1446648 5917720 3289516 2854952 5268283 4856167 4231289 20500207 26098269 9726 13105 1233 39985 219175 283224 9726 13105 1233 39985 219175 283224 120705 6736 28309 223231 23332 402313 6964918 9811765 10223343 11383213 8900774 47284013 0.55190 0.57170 0.00600 0.00150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10528 2808 7720 523774 453322 70452 36569 17800 18769 96941 DEFERRED TAX ASSET 433325 DEPOSITS 35103 RIGHT-OF-USE ASSETS 222536 690964 OPERATING LEASE 226681 226681 8900774 0 8900774 206562 206562 9107336 10094640 0 10094640 99558 99558 10194198 PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN ON DISPOSAL OF ASSETS REPORTED AS AN EXPENSE ON THE FINANCIAL STATEMENTS AND ADDED TO REVENUE ON FORM 990, PART VIII, LINE 7A. 615. INCOME TAX BENEFIT REPORTED AS OTHER ITEM ON FINANCIAL STATEMENTS AND REPORTED AS REVENUE ON FORM 990, PART VIII. 205,947. PART XII, LINE 4B - OTHER ADJUSTMENTS: GAIN ON DISPOSAL OF ASSETS REPORTED AS AN EXPENSE ON THE FINANCIAL STATEMENTS AND ADDED TO REVENUE ON FORM 990, PART VIII, LINE 7A. 615. CURRENCY EXCHANGE LOSS REPORTED AS OTHER ITEM ON FINANCIAL STATEMENTS AND REPORTED AS EXEPNSE ON FORM 990, PART IX. 98,943. SUB-SAHARAN AFRICA 4 115 PROGRAM SERVICES RESEARCH SERVICES 3552806 SUB-SAHARAN AFRICA 0 0 GENERAL & ADMINISTRATIVE 1661357 SOUTH ASIA 1 13 PROGRAM SERVICES RESEARCH SERVICES 462730 SOUTH ASIA 0 0 GENERAL & ADMINISTRATIVE 76912 5 128 0 0 5 128 5753805 0 5753805 0 0 1 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND CIRCULATED VIA EMAIL TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, OFFICER AND MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS SIGNS A STATEMENT, AND IS ANNUALLY REMINDED OF THE STATEMENT, WHICH AFFIRMS THAT SUCH PERSON: A) HAS RECEIVED A COPY OF THIS POLICY ON FINANCIAL CONFLICTS OF INTEREST, B) HAS READ AND UNDERSTANDS THE POLICY, C) AGREES TO COMPLY WITH THE POLICY, AND D) UNDERSTANDS THAT THE CORPORATION IS A TAX-EXEMPT ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS TAX EXEMPTION THE CORPORATION MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. IF IT IS DETERMINED THAT ANY DIRECTOR, OFFICER OR MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS IS AN INTERESTED PERSON AND THAT A FINANCIAL CONFLICT OF INTEREST EXISTS: A) IF DETERMINED BY THE BOARD OR COMMITTEE TO BE APPROPRIATE, THE CHAIRPERSON OF THE BOARD OR COMMITTEE APPOINTS A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE TRANSACTION OR ARRANGEMENT PROPOSED BY OR FOR THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 15A IN APPROVING ANY COMPENSATION ARRANGEMENT, THE DIRECTORS WILL GATHER INFORMATION SUFFICIENT TO DETERMINE WHETHER THE COMPENSATION ARRANGEMENT IN ITS ENTIRETY IS REASONABLE. IN THE CASE OF COMPENSATION, RELEVANT INFORMATION INCLUDES, BUT IS NOT LIMITED TO, COMPENSATION LEVELS PAID BY SIMILARLY SITUATED ORGANIZATIONS, BOTH TAXABLE AND TAX-EXEMPT, FOR FUNCTIONALLY COMPARABLE POSITIONS, THE AVAILABILITY OF SIMILAR SERVICES IN THE GEOGRAPHIC AREA OF THE APPLICABLE TAX-EXEMPT ORGANIZATION, CURRENT COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS, AND ACTUAL WRITTEN OFFERS FROM SIMILAR INSTITUTIONS. THE REVIEW IS DOCUMENTED IN THE BOARD MINUTES. THE LAST COMPENSATION REVIEW FOR THE MANAGING DIRECTOR TOOK PLACE JANUARY 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24E, INCOME TAXES: FOREIGN ENTITIES ARE REGISTERED BRANCH OFFICES OF THE BUSARA CENTER-US AND ARE TAXED ON THE PROFIT EARNED DURING THE FISCAL YEAR. FOR FY24, THIS RESULTED IN AN INCOME TAX BENEFIT. FORM 990, PART IX, LINE 11G OTHER CONSULTANTS: PROGRAM SERVICE EXPENSES 1,322,575. MANAGEMENT AND GENERAL EXPENSES 47,756. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,370,331.