Society Of International Business Fellows Ltd
- Assets
- $2.5m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 4
- Location
- Atlanta, GA
- Founding
- 05/1988
- Data as of
- 12/2021
- EIN
- 58-1560888
Organization Overview
Society Of International Business Fellows Ltd is located in Atlanta, GA. The organization was established in 1988. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Society Of International Business Fellows Ltd employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society Of International Business Fellows Ltd 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 12/2021, Society Of International Business Fellows Ltd generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SOCIETY OF INTERNATIONAL BUSINESS FELLOWS (SIBF) CONNECTS, ENGAGES AND INSPIRES GLOBAL LEADERS TO ACCELERATE SUCCESS THROUGH LIFELONG LEARNING AND TRUSTED RELATIONSHIPS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOUTH EAST ASIA LEADERSHIP ACADEMY (SEALA): THE SEALA ACADEMY WAS A VIRTUAL EDUCATIONAL PRESENTATION. PLENARY LEARNING SESSIONS ALTERNATE WITH BREAKOUT GROUPS FACILITATED BY EXPERIENCED BUSINESS PEOPLE, AND SEASONED PRACTITIONERS FROM AROUND THE WORLD. EVERY LESSON IS TESTED AGAINST EXPERIENCE TO PROVE ITS WORTH. SEALA FOCUSES ON THE REAL-LIFE APPLICATIONS OF LEADERSHIP SKILLS ESPECIALLY SEEN AGAINST THE DEVELOPING NEEDS OF SOUTH EAST ASIA TODAY.
ANNUAL SUMMIT: SIBF'S PREMIER EVENT OFFERS THE OPPORTUNITY TO GAIN NEW INSIGHTS, LEARN FROM LEADERS AND LUMINARIES, AND EXCHANGE IDEAS. THE ANNUAL SUMMIT BRINGS TOGETHER OVER 200 MEMBERS AND GUESTS FROM SIBF AND THE AFFILIATE NETWORKS FOR THREE DAYS OF EDUCATIONAL SESSIONS AND SOCIAL EVENTS.
REGIONAL AND LOCAL PROGRAMMING: IN 2021 SEVERAL EDUCATIONAL PROGRAMS WERE HELD ALLOWING SMALLER GROUPS OF MEMBERS TO LEARN MORE ABOUT A REGION AND ITS DOMESTIC POLICY ISSUES, AS WELL AS SOCIALIZE AND NETWORK WITH EACH OTHER.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Haselden Executive Director | Officer | 40 | $153,125 |
Shannon Williams Director Of Programs | 40 | $104,930 | |
David Zacks Chair | Trustee | 10 | $0 |
Neda Barqawi Chair Elect | Trustee | 10 | $0 |
Vickie Neighbour Immediate Past Chair | Trustee | 10 | $0 |
Illy Askia Secretary | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $69,703 |
| Related organizations | $250,149 |
| Government grants | $95,745 |
| All other contributions, gifts, grants, and similar amounts not included above | $81,871 |
| Noncash contributions included in lines 1a–1f | $69,703 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $497,468 |
| Total Program Service Revenue | $1,132,553 |
| Investment income | $45,333 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$23,923 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,657,703 |
| 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 | $25,400 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $176,029 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $430,133 |
| Pension plan accruals and contributions | $13,972 |
| Other employee benefits | $47,325 |
| Payroll taxes | $29,653 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $73,810 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,357 |
| Information technology | $112,860 |
| Royalties | $0 |
| Occupancy | $45,068 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,904 |
| Insurance | $10,046 |
| All other expenses | $20,725 |
| Total functional expenses | $1,613,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $918,846 |
| Savings and temporary cash investments | $17,953 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,087 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $25,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $262,967 |
| Net Land, buildings, and equipment | $5,324 |
| Investments—publicly traded securities | $1,079,973 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $192,121 |
| Total assets | $2,513,271 |
| Accounts payable and accrued expenses | $177,791 |
| Grants payable | $0 |
| Deferred revenue | $429,367 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $66,370 |
| 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 | $673,528 |
| Net assets without donor restrictions | $1,839,743 |
| 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 | $2,513,271 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Society Of International Business Fellows Ltd has recieved totaling $11,545.
| Awarding Organization | Amount |
|---|---|
Emergency Assistance Foundation Inc West Palm Beach, FL PURPOSE: Program Sponsorship | $9,045 |
Lawrence J And Dora P Chastang Charitable Foundation Inc Orlando, FL PURPOSE: GENERAL SUPPORT | $2,500 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Miami Association Of Realtors Inc Miami, FL | $56,284,695 | $21,744,917 |
Metropolitan Atlanta Chamber Of Commerce Inc Atlanta, GA | $19,028,351 | $14,011,506 |
Savannah Area Chamber Of Commerce Savannah, GA | $13,537,143 | $16,865,609 |
Orlando Regional Realtor Association Inc Orlando, FL | $41,443,880 | $9,652,407 |
Jacksonville Regional Chamber Of Commerce Inc Jacksonville, FL | $9,462,619 | $9,572,618 |
Charlotte Regional Realtor Association Inc Charlotte, NC | $53,438,404 | $12,494,849 |
Hilton Head Island Bluffton Chamber Of Commerce Hilton Head Island, SC | $3,721,536 | $8,774,772 |
North Carolina Association Of Realtors Inc Greensboro, NC | $31,160,587 | $11,391,480 |
The North Carolina Community Action Association Raleigh, NC | $4,811,006 | $8,169,285 |
Orlando Economic Partnership Inc Orlando, FL | $7,838,258 | $8,634,020 |
Florida Chamber Of Commerce Tallahassee, FL | $11,287,883 | $6,720,102 |
Visitgreenville Sc Greenville, SC | $7,299,998 | $9,046,809 |