Worldwide Broker Network Us Inc
- Assets
- $2.8m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 8
- Location
- San Francisco, CA
- Founding
- 01/2013
- Data as of
- 12/2023
- EIN
- 27-3773821
Organization Overview
Worldwide Broker Network Us Inc is located in San Francisco, CA. The organization was established in 2013. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Worldwide Broker Network Us Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Worldwide Broker Network Us Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Worldwide Broker Network Us Inc generated $7.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $7.3m during the year ending 12/2023. While expenses have increased by 17.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WORLDWIDE BROKER NETWORK PROVIDES FORUMS FOR CONTACT, EXCHANGE OF IDEAS, NETWORK PERFORMANCE MONITORING AND REVIEW FOR VARIOUS PRIVATELY HELD INSURANCE BROKERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WBN NETWORK ALLOWS CLIENTS TO HAVE CONSTANT ACCESS TO ONLINE COVERAGE AND CLAIMS DATA. TECHNOLOGY PROVIDES MEMBERS WITH THE LATEST TOOLS FOR INFORMATION MANAGEMENT, COMMUNICATION AND COLLABORATION, INCLUDING INSURANCE DATA MANAGEMENT PLATFORM. MEMBERS CAN LOGIN TO WEBSITE. THIS GIVES THEM ACCESS TO MEMBER INFORMATION, WBN MEETINGS, CONFERENCES AND PRODUCTS.
WBN ORGANIZES GLOBAL CONFERENCES FOR MEMBERS, CLIENTS, PROSPECTS, AND INSURER PARTNERS WHERE THEY CAN COLLABORATE, LEARN, AND MAINTAIN PROFESSIONAL AND PERSONAL RELATIONSHIPS. ADDITIONAL CONFERENCES ARE CONDUCTED REGIONALLY AND THROUGH INDUSTRY, INSURER AND COMMITTEE GATHERINGS TO BUILD COLLABORATION, LEARN NEW TECHNIQUES, DEVELOP NEW PRODUCTS AND IDEAS, INFORM AND INSPIRE ONE ANOTHER AND CREATE BETTER OPPORTUNITIES AND SERVICE FOR CLIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Enrique Acevedo Board Member | Trustee | 1 | $0 |
Scott Davis Board Member | Trustee | 1 | $0 |
Lisa Hawker Board Member | Trustee | 1 | $0 |
Florian Karle Board Member | Trustee | 1 | $0 |
Susan Murphy Board Member | Trustee | 1 | $0 |
Walid Nehme Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bruce Basso | 12/30/17 | $150,523 |
Kamer Consulting Group | 12/30/17 | $115,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,993,728 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $922,590 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,916,318 |
| Total Program Service Revenue | $1,568,804 |
| Investment income | $23,972 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $7,514,553 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $588,480 |
| Compensation of current officers, directors, key employees. | $40,424 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,624,162 |
| Pension plan accruals and contributions | $31,504 |
| Other employee benefits | $118,571 |
| Payroll taxes | $84,839 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $215,787 |
| Fees for services: Accounting | $68,942 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $133,243 |
| Advertising and promotion | $468,526 |
| Office expenses | $24,166 |
| Information technology | $999,960 |
| Royalties | $0 |
| Occupancy | $21,281 |
| Travel | $99,502 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,344,752 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,779 |
| Insurance | $68,377 |
| All other expenses | $1,007 |
| Total functional expenses | $7,300,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $516,463 |
| Savings and temporary cash investments | $1,273,842 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $160,707 |
| 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 | $698,086 |
| Net Land, buildings, and equipment | $8,304 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $133,063 |
| Other assets | $79 |
| Total assets | $2,790,544 |
| Accounts payable and accrued expenses | $657,063 |
| 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 | $330,938 |
| Total liabilities | $988,001 |
| Net assets without donor restrictions | $1,802,543 |
| Net assets with donor restrictions | $0 |
| 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 | $2,790,544 |
Grants Awarded
Over the last fiscal year, Worldwide Broker Network Us Inc has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMER FRIENDS OF AL YOUNBOUH PURPOSE: CHARITABLE SUPPORT | $10,000 |
MENTAL HEALTH AMERICA OF CO PURPOSE: CHARITABLE SUPPORT | $10,000 |