Global Business School Network
- Assets
- $548.5k
- Revenue
- $817.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 12/2004
- Data as of
- 12/2022
- EIN
- 20-0670910
Organization Overview
Global Business School Network is located in Washington, DC. The organization was established in 2004. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Business School Network is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Global Business School Network generated $817.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE OBJECTIVES AND PURPOSES OF THE ORGANIZATION ARE (1) TO FOSTER, PROMOTE, AND ENCOURAGE EDUCATION AND TRAINING IN THE FIELD OF BUSINESS AND BUSINESS MANAGEMENT; (2) TO ASSIST BUSINESS SCHOOLS AND UNIVERSITIES IN IDENTIFYING AND IMPLEMENTING PROGRAMS AND PROJECTS TO IMPROVE CAPACITY TO PROVIDE BUSINESS EDUCATION AND TRAINING FOR STUDENTS AND LOCAL BUSINESSES; (3) TO PROMOTE THE FREE EXCHANGE OF INFORMATION AND KNOWLEDGE IN BUSINESS EDUCATION BETWEEN PERSONS IN THE UNITED STATES AND OTHER DEVELOPED COUNTRIES AND PERSONS IN DEVELOPING COUNTRIES; AND (4) TO FACILITATE OPPORTUNITIES FOR STUDENTS AND MANAGERS TO GAIN PRACTICAL EXPERIENCE IN BUSINESS MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NETWORK SERVICES: WITH A GROWING NETWORK OF OVER 145 LEADING BUSINESS SCHOOLS ON 6 CONTINENTS, GBSN OFFERS PROGRAMS THAT IMPROVE MANAGEMENT EDUCATION FOR EMERGING ECONOMIES BY ENGAGING MEMBER BUSINESS SCHOOLS FROM AROUND THE WORLD. GBSN FOSTERS CROSS-BORDER NETWORKING, KNOWLEDGE SHARING AND COLLABORATION BOTH WITHIN THE NETWORK MEMBERSHIP AND WITH THE BROADER BUSINESS EDUCATION AND DEVELOPMENT COMMUNITIES. NEW AND EMERGING SCHOOLS ARE INVITED TO PARTICIPATE IN OPEN EVENTS AROUND THE GLOBE AND PARTNER WITH GBSN TO BUILD CAPACITY. GBSN'S FOUNDING PURPOSE WAS TO SUPPORT THE DEVELOPMENT OF QUALITY MANAGEMENT EDUCATION FOR THE DEVELOPING WORLD, AND THE ORGANIZATION MAINTAINS THAT MISSION TODAY. GBSN MEMBERSHIP PROVIDES EXCLUSIVE LEADERSHIP, NETWORKING AND ENGAGEMENT OPPORTUNITIES FOR LEADING BUSINESS SCHOOLS THAT SHARE GBSN'S MISSION. GBSN PARTNERS WITH VARIOUS INTERNATIONAL AND REGIONAL BUSINESS SCHOOL ASSOCIATIONS ON PROGRAMS.
ADVISORY SERVICES: GBSN WORKS WITH A WIDE RANGE OF INSTITUTIONS, NOT JUST MEMBERS, TO FACILITATE INTERNATIONAL COLLABORATION IN ALL DIRECTIONS BETWEEN EDUCATORS SO THAT SCHOOLS AT DIFFERENT STAGES OF DEVELOPMENT CAN LEARN FROM ONE ANOTHER. THROUGH PARTNERSHIPS WITH INDUSTRY, DEVELOPMENT AGENCIES, FOUNDATIONS, AND SCHOOLS. GBSN PROGRAMS BUILD LOCAL CAPACITY TO DELIVER QUALITY MANAGEMENT EDUCATION. PROGRAMS PROVIDE ASSISTANCE WITH STRATEGIC PLANNING, FACULTY DEVELOPMENT, PROGRAM DESIGN OR REVIEW. GBSN'S NETWORK APPROACH AND LOW MANAGEMENT COSTS PROVIDE A COST EFFECTIVE PLATFORM TO BUILD PROGRAMS FOR SCHOOLS IN LOW-INCOME COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Soumitra Dutta Chair | OfficerTrustee | 1 | $0 |
Guy Pfeffermann Vice-Chair | OfficerTrustee | 1 | $0 |
Enase Okonedo Treasurer | OfficerTrustee | 1 | $0 |
Veneta Andonova Director | Trustee | 1 | $0 |
Amadou Diallo Director | Trustee | 1 | $0 |
Dennis Hanno Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $569,243 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $151,966 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $721,209 |
| Total Program Service Revenue | $92,948 |
| Investment income | $53 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $87 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $817,243 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $33,800 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $183,015 |
| Compensation of current officers, directors, key employees. | $36,604 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $247,260 |
| Pension plan accruals and contributions | $9,649 |
| Other employee benefits | $26,846 |
| Payroll taxes | $33,557 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $225 |
| Fees for services: Accounting | $32,810 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $188,261 |
| Advertising and promotion | $15,628 |
| Office expenses | $33,429 |
| Information technology | $8,064 |
| Royalties | $0 |
| Occupancy | $69,537 |
| Travel | $185,952 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,180 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,791 |
| Insurance | $2,514 |
| All other expenses | $5,000 |
| Total functional expenses | $1,109,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $261,965 |
| Savings and temporary cash investments | $164,648 |
| Pledges and grants receivable | $102,943 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,798 |
| Net Land, buildings, and equipment | $5,021 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,100 |
| Total assets | $548,475 |
| Accounts payable and accrued expenses | $82,610 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $82,610 |
| Net assets without donor restrictions | $52,329 |
| Net assets with donor restrictions | $413,536 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $548,475 |