2026-05-15T08:18:11-05:00 2025-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2025-01-01 462695042 BUSARA CENTER FOR BEHAVIORAL ECONOMICS INC BUSA 3107803560 28 SPRING ST 193 PRINCETON NJ 08542 FRANCIS MEYO CHIEF EXECUTIVE OFFICER 3107803560 2026-05-15 1 RICHARD J LOCASTRO CPA P00288314 3019519090 2025 2025-03-06 01:10:19Z FRANCIS MEYO 28 SPRING ST 193 PRINCETON NJ 08542 8275441 0 X WWW.BUSARA.GLOBAL X 2013 MA SEE PART III, LINE 1. 6 5 0 6 0 0 3990562 2554476 4667705 5490874 219790 156481 229279 73610 9107336 8275441 0 0 0 0 5289845 5080704 0 0 0 4904353 3492513 10194198 8573217 -1086862 -297776 7607475 7581051 2981110 3252462 4626365 4328589 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 6374062 5490874 WE HAD 154 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. 6374062 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 14 0 1 0 0 1 KE UG TZ NI IN 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA NJ X FRANCIS MAYO 3107803560 28 SPRING ST 193 PRINCETON NJ 08542 FRANCIS ODHIAMBO MEYO CEO 40.00 X X 168757 0 0 JAMES HUGH VANCEL BOARD PRESIDENT 1.00 X X 0 0 0 NIRA JETHANI TREASURER 0.50 X X 0 0 0 JEREMY PLACE SHAPIRO BOARD MEMBER (END 03/25) 0.50 X 0 0 0 LYNN CHANG EISENHART BOARD MEMBER 0.50 X 0 0 0 SYON BHANOT BOARD MEMBER 0.50 X 0 0 0 NEELA SALDANHA BOARD MEMBER 0.50 X 0 0 0 168757 0 0 1 0 1 0 0 X 2554476 2554476 CONSULTING FEES 900099 5466338 5466338 PROJECT REVENUE 900099 21926 21926 REGISTRATION FEES 900099 2610 2610 5490874 156481 156481 FOREIGN EXCHANGE GAIN 900099 39018 39018 INC. TAX BEN. (SEE SCH 900099 29044 29044 MISCELLANEOUS INCOME 900099 5548 5548 73610 8275441 5490874 0 230091 168757 118130 50627 4264868 3107104 1157764 124158 90319 33839 522921 380397 142524 5968 4844 1124 56519 56519 820200 711622 108578 144798 60661 84137 166330 103783 62547 881300 743223 138077 4125 134 3991 52273 1488 50785 48881 20078 28803 FIELD GUIDES 631231 630439 792 DUES & SUBSCRIPTIONS 281752 107662 174090 SURVEYS AND PARTNERS 213706 173577 40129 TAXES AND LICENSES 58645 28795 29850 126785 91806 34979 8573217 6374062 2199155 0 1578991 597081 4242439 4878442 921508 1331076 76632 47581 584537 515509 96941 69028 690964 657843 7607475 7581051 1672123 1787155 934081 1210203 148225 97350 226681 157754 2981110 3252462 X 1866135 1995348 2760230 2333241 4626365 4328589 7607475 7581051 -297776 0 X 0 1 X 1 0 X 3916434 5232947 6689148 3990562 2554476 22383567 5875490 4960854 4430849 4667705 5490874 25425772 9791924 10193801 11119997 8658267 8045350 47809339 2827274 3788520 4055674 2784641 1000000 14456109 27678 1479763 800493 1446648 2619423 6374005 2854952 5268283 4856167 4231289 3619423 20830114 26979225 13105 1233 39985 219175 156481 429979 13105 1233 39985 219175 156481 429979 6736 28309 223231 23332 73610 355218 9811765 10223343 11383213 8900774 8275441 48594536 0.55520 0.55190 0.00880 0.00600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10549 4923 5626 539232 487576 51656 34756 23010 11746 69028 DEFERRED TAX ASSET 461951 DEPOSITS 42060 RIGHT-OF-USE ASSETS 153832 657843 OPERATING LEASE 157754 157754 8207379 0 8207379 68062 68062 8275441 8573217 0 8573217 0 8573217 PART XI, LINE 4B - OTHER ADJUSTMENTS: FOREIGN CURRENCY EX. GAIN REPORTED AS OTHER ITEM ON THE 39,018. FINANCIAL STATEMENTS AND ADDED TO REVENUE ON FORM 990, PART VIII. INCOME TAX BENEFIT REPORTED AS OTHER ITEM ON FINANCIAL 29,044. STATEMENTS AND REPORTED AS REVENUE ON FORM 990, PART VIII. SUB-SAHARAN AFRICA 4 115 PROGRAM SERVICES RESEARCH SERVICES 4135338 SUB-SAHARAN AFRICA 0 0 GENERAL & ADMINISTRATIVE 1641248 SOUTH ASIA 1 13 PROGRAM SERVICES RESEARCH SERVICES 400729 SOUTH ASIA 0 0 GENERAL & ADMINISTRATIVE 67179 5 128 0 0 5 128 6244494 0 6244494 0 0 1 0 0 0 X 1 1 X X 0 0 0 0 0 0 0 0 0 FRANCIS ODHIAMBO MEYO CEO 168336 0 0 0 421 0 0 0 0 0 168757 0 0 0 PART I, LINE 1A GIVEN AS PART OF STAFF TRAVEL ANNUAL BENEFIT.THIS IS COVERED IN THE BUSARA BENEFITS POLICY, AS WELL AS THE EMPLOYMENT CONTRACT. 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 JUNE 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 FY25, THIS RESULTED IN AN INCOME TAX BENEFIT.