Nabu Global Inc
- Assets
- $1.6m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 8
- Location
- New York, NY
- Founding
- 05/2014
- Data as of
- 12/2022
- EIN
- 90-0888570
Organization Overview
Nabu Global Inc, operating under the name Nabu, is located in New York, NY. The organization was established in 2014. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2022, Nabu employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nabu 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, Nabu generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 25.7% each year . All expenses for the organization totaled $2.6m during the year ending 12/2022. While expenses have increased by 18.5% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SOLVE THE GLOBAL LITERACY CRISIS, SO ALL CHILDREN CAN READ AND RISE TO THEIR FULL POTENTIAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
GLOBALLY, LOW-COST SMARTPHONES HAVE BECOME INCREASINGLY ACCESSIBLE AND AFFORDABLE TO EVEN THE MOST UNDERPRIVILEGED COMMUNITIES AROUND THE GLOBE. NABU'S PRIMARY MEANS OF DISTRIBUTING OUR FREE LIBRARY OF MOTHER TONGUE CHILDREN'S BOOKS IS THROUGH OUR FREE, LOW-BANDWIDTH MOBILE APP, AVAILABLE IN COUNTRY-SPECIFIC FORMATS IN RWANDA, KENYA, HAITI, ROMANIA, AND THE PHILIPPINES. WE ALSO HAVE A GLOBAL VERSION OF OUR APP, WHICH IS ACCESSIBLE ACROSS OTHER COUNTRIES. OUR ORIGINAL CHILDREN'S BOOKS ARE ALSO AVAILABLE FOR DOWNLOAD AND USE OFFLINE. AS OF DECEMBER 2022, WE REACHED 2,595,474 PEOPLE GLOBALLY THROUGH OUR APP AND CULTURALLY RELEVANT STORY BOOKS.
NABU'S GLOBAL CREATIVE TEAM WORKS WITH LOCAL CREATORS IN THE COMMUNITIES AND CULTURES WHERE WE WORK TO PUBLISH COLLECTIONS OF AUTHENTIC, CULTURALLY RELEVANT CHILDREN'S BOOKS IN MOTHER TONGUE LANGUAGES TO ENSURE THAT EVERY CHILD HAS FREE ACCESS TO THE ESSENTIAL BOOKS THAT THEY REQUIRE TO LEARN TO READ. OUR CREATIVE PROCESS PROVIDES A PLATFORM FOR AUTHORS TO PUBLISH FUN, BILINGUAL CHILDREN'S BOOKS, WHILE HONORING AND PRESERVING CULTURAL HERITAGE AND EMPOWERING CHILDREN TO SEE THEMSELVES AND THEIR LIVES REFLECTED IN THE PAGES OF THE STORIES THEY READ. IN 2022, WE WORKED WITH CREATIVES AROUND THE WORLD TO AUTHOR, ILLUSTRATE, AND PUBLISH 509 CHILDRENS STORIES IN 11 LANGUAGES.
THROUGH THE BRIDGE TO LITERACY (BTL) PROGRAM, NABU WORKS WITH LOCAL PARTNERS AROUND THE WORLD, PARTICULARLY NGO'S, LOCAL GOVERNMENTS, COMMUNITY-BASED ORGANIZATIONS AND SCHOOLS TO REACH AS MANY CHILDREN AND FAMILIES AS POSSIBLE WITH NABU'S FREE LITERATURE. PARTNERS HELP ONBOARD FAMILIES AND MOTIVATE THEM TO READ WITH THEIR CHILDREN EVERY DAY TO BOOST THE CULTURE OF READING ACROSS OUR PROGRAM COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Ritchie Chair | OfficerTrustee | 1 | $0 |
Kelly Gallagher Treasurer | Trustee | 1 | $0 |
Kweku Mandela Director | Trustee | 1 | $0 |
Damien Vanderwilt Director | Trustee | 1 | $0 |
Isabel Sheinman Director | Trustee | 1 | $0 |
Sashi Valtz Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,201,973 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,201,973 |
| Total Program Service Revenue | $0 |
| Investment income | $266 |
| 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 | $3,219 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,205,458 |
| 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 | $124,160 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $250,000 |
| Compensation of current officers, directors, key employees. | $62,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $992,564 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $105,106 |
| Payroll taxes | $214,230 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,114 |
| Fees for services: Accounting | $54,812 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $508,206 |
| Advertising and promotion | $12,612 |
| Office expenses | $32,845 |
| Information technology | $43,597 |
| Royalties | $0 |
| Occupancy | $16,280 |
| Travel | $52,567 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,141 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $129,016 |
| Insurance | $4,838 |
| All other expenses | $0 |
| Total functional expenses | $2,550,088 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,280,479 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $88,960 |
| 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 | $4,890 |
| Net Land, buildings, and equipment | $46,936 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $156,280 |
| Other assets | $0 |
| Total assets | $1,577,545 |
| Accounts payable and accrued expenses | $87,690 |
| Grants payable | $0 |
| Deferred revenue | $15,000 |
| 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 | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $252,690 |
| Net assets without donor restrictions | $927,495 |
| Net assets with donor restrictions | $397,360 |
| 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 | $1,577,545 |