International Business Innovation Association Inc
- Assets
- $1.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Powell, OH
- Founding
- 04/1996
- Data as of
- 09/2023
- EIN
- 31-1428403
Organization Overview
International Business Innovation Association Inc is located in Powell, OH. The organization was established in 1996. As of 09/2023, International Business Innovation Association Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Business Innovation Association Inc 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 09/2023, International Business Innovation Association Inc generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $1.1m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 8 years. 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
TO EMPOWER ENTREPRENEUR SUPPORT ORGANIZATIONS BY CREATING AN IMPACTFUL COMMUNITY THROUGH COMPREHENSIVE RESOURCES, TRAINING, AND THOUGHT LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVENTS- INCLUDES THREE MAJOR CONVENINGS, INBIA'S INTERNATIONAL CONFERENCE ON BUSINESS INCUBATION (ICBI), E.BUILDERS FORUM, AND THE ADVANCE LEADERSHIP SUMMIT. ICBI BRINGS TOGETHER INDUSTRY PROFESSIONALS FROM ACROSS THE GLOBE TO EXPLORE TOPICS RELATED TO ENTREPRENEURIAL SUPPORT THROUGH EDUCATION SESSIONS, PEER DISCUSSIONS, AND NETWORKING OPPORTUNITIES. ICB WAS DELIVERED IN PERSON WITH OVER 260 ATTENDEES. ATTENDEES PARTICIPATED IN MODERATED PANEL PRESENTATIONS AND PLENARY SESSIONS. THE E. BUILDERS FORUM EXAMINES THE INTERSECTION OF ENTREPRENEUR SUPPORT AND ECOSYSTEM BUILDING WITHIN THE CONTENT OF ONE OR MORE COMMUNITIES WITHIN THE UNITED STATES. THE E. BUILDERS FORUM CONVENED OVER 60 ATTENDEES. THE ADVANCE LEADERSHIP SUMMIT FOCUSES ON TOPICS OF COMMUNITY AND ORGANIZATIONAL LEADERSHIP FOR EXECUTIVE MANAGERS OF ENTREPRENEUR SUPPORT ORGANIZATIONS. THE ADVANCED LEADERSHIP SUMMIT CONVENED OVER 40 ATTENDEES.
KNOWLEDGE SERVICES - BOOKS, ARTICLES, AND WHITE PAPERS ON PROVIDING CLIENT SERVICES AND RUNNING EFFECTIVE PROGRAMS FOR ENTREPRENEUR SUPPORT PROFESSIONALS. THE ONLINE BOOKSTORE INCLUDES BOOKS FOR PURCHASE FOR ENTREPRENEUR SUPPORT PROFESSIONALS.
PROFESSIONAL DEVELOPMENT - ENTREPRENEURIAL SUPPORT PROFESSIONALS FROM ACROSS THE WORLD PARTICIPATE IN INTENSIVE TRAINING ON VARIOUS TOPICS RELATED TO IMPROVING THE SUCCESS OF ENTREPRENEURS. THE TRAINING IS HELD IN CONJUCTION WITH THE ANNUAL CONFERENCE AND SOME COURSES ARE AVAILABLE ONLINE. ONLINE COURSES TYPICALLY TAKE TWO WEEKS TO COMPLETE.
RESEARCH GRANTS/CONTRACTS - GRANT ACTIVITY AND CONTRACTS TO ADVANCE THE STATE OF THE ENTREPRENEURSHIP SUPPORT INDUSTRY AND GENERATE RESEARCH DATA AND REPORTS TO SUPPORT ENTREPRENEUR SUPPORT PROFESSIONALS. INBIA OPERATES THE U.S. DEPARTMENT OF STATE-FUNDED, LA IDEA PROGRAM, TO HOST LATIN AMERICAN ENTREPRENEURS IN THE USA. INBIA ALSO OPERATES TWO GRANTS FROM THE KAUFMAN FOUNDATION TO INCLUDE AN INITIATIVE TO DESIGN AND LAUNCH A SHARED-LEADERSHIP INFRASTRUCTURE TO ADVANCE THE PRACTICE AND FIELD OF ENTREPRENEURSHIP ECOSYSTEM BUILDING AND AN INITIATIVE TO CURATE A COMMUNITY OF PRACTICE FOCUSED ON EQUITABLE AND INCLUSIVE ENTREPRENEUR SUPPORT. AND LASTLY, INBIA OPERATED A JP MORGAN CHASE FOUNDATION-FUNDED GRANT TO EVALUATE THE EFFICACY OF A MERIT-BASED CLIENT INTAKE TOOL TO IMPROVE OUTCOMES FOR ENTREPRENEURS AND ENTREPRENEUR SUPPORT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Rickelman Chair | OfficerTrustee | 1 | $0 |
Steve Debretto First Chair | OfficerTrustee | 1 | $0 |
Linda Fowler Second Chair | OfficerTrustee | 1 | $0 |
Ariella Lukach Treasurer | OfficerTrustee | 1 | $0 |
Herman Nyamunga Secretary | OfficerTrustee | 1 | $0 |
Lynne Henkiel Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $150,850 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,850 |
| Total Program Service Revenue | $966,806 |
| Investment income | $304 |
| 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 | $1,124,701 |
| 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. | $131,000 |
| Compensation of current officers, directors, key employees. | $30,130 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $200,718 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,977 |
| Payroll taxes | $38,666 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $62,905 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,014 |
| Advertising and promotion | $6,511 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,636 |
| Travel | $9,661 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,578 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $21,941 |
| Total functional expenses | $1,079,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $994,395 |
| Savings and temporary cash investments | $128,889 |
| Pledges and grants receivable | $23,794 |
| 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 | $1,568 |
| Prepaid expenses and deferred charges | $4,389 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $696 |
| Total assets | $1,153,731 |
| Accounts payable and accrued expenses | $50,668 |
| Grants payable | $0 |
| Deferred revenue | $511,891 |
| 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 | $45,354 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $270,859 |
| Total liabilities | $878,772 |
| Net assets without donor restrictions | $254,959 |
| Net assets with donor restrictions | $20,000 |
| 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 | $1,153,731 |