Nabu Global Inc
- Assets
- $817.4k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 4
- Location
- New York, NY
- Founding
- 05/2014
- Data as of
- 12/2021
- 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 12/2021, Nabu employed 4 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 12/2021, Nabu generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 6.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
NABU'S MISSION IS TO SOLVE THE GLOBAL LITERACY CRISIS, SO THAT ALL CHILDREN CAN READ AND RISE TO THEIR FULL POTENTIAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
NABU'S 3 LARGEST PROGRAMS IN 2021 WERE THE ABC LAB, THE NABU APP AND BRIDGE 2 LITERACY PROGRAM. IN THE ABC LAB, WE TRAIN LOCAL CREATORS TO PUBLISH COLLECTIONS OF 160 LEVELED BOOKS IN LANGUAGES WHERE THEY DO NOT EXIST, ENSURING THAT EVERY CHILD HAS FREE ACCESS TO THE ESSENTIAL BOOKS THAT THEY NEED TO LEARN TO READ. THE ABC LAB CREATES A PLATFORM FOR AUTHORS TO PUBLISH FUN, BILINGUAL CHILDRENS BOOKS, WHILST HONOURING AND PRESERVING CULTURAL HERITAGE, AND EMPOWERING CHILDREN TO SEE THEMSELVES AND THEIR LIVES REFLECTED IN THE PAGES OF THE STORIES THEY READ. NABUS MOBILE READING APP HAS BECOME THE FASTEST GROWING READING APP IN RWANDA AND HAITI, WITH OVER 1.1M DOWNLOADS. OUR GOAL IS FOR USERS TO SPEND ON AVERAGE 15 MINUTES READING DAILY, INCREASING THEIR LITERACY SKILLS OVER TIME. AS LOW-COST SMARTPHONES BECOME INCREASINGLY AVAILABLE AND AFFORDABLE, NABU PROVIDES OUR LOW BANDWIDTH READING APP SO THAT PARENTS AND CHILDREN CAN DOWNLOAD FOR FREE AND ACCESS AT HOME. THROUGH BRIDGE TO LITERACY (B2L), NABU TRAINS COMMUNITY-BASED READING AMBASSADORS AND LOCAL PARTNERS TO ONBOARD AND MOTIVATE FAMILIES TO READ WITH THEIR CHILDREN EVERY DAY. IN PARTNERSHIP WITH LOCAL GOVERNMENTS AND NGOS, NABU HAS TRAINED OVER 2,000 READING AMBASSADORS, REPLICATING THE BRIDGE TO LITERACY PROGRAM SUCCESSFULLY IN RWANDA, KENYA AND HAITI.THE IMPACT OF NABUS PROGRAM IS THAT 2,526,298 CHILDREN AND FAMILIES ARE NOW READING FROM THE NABU APP, 240 NEW STORYBOOKS HAVE BEEN PUBLISHED IN MOTHER TONGUE LANGUAGES, AND 293 READING AMBASSADORS HAVE BEEN TRAINED GLOBALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tanyella Evans Executive Dir. | Officer | 40 | $150,000 |
Kathryn Ritchie Chair | OfficerTrustee | 1 | $0 |
Kelly Gallagher Treasurer | 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 | $46,572 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,203,260 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,249,832 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,255,656 |
| 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. | $150,000 |
| Compensation of current officers, directors, key employees. | $7,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $127,066 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,842 |
| Payroll taxes | $121,989 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,199 |
| Fees for services: Accounting | $12,935 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $600,391 |
| Advertising and promotion | $6,350 |
| Office expenses | $13,360 |
| Information technology | $25,577 |
| Royalties | $0 |
| Occupancy | $5,824 |
| Travel | $5,827 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,420 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $132,264 |
| Insurance | $2,948 |
| All other expenses | $0 |
| Total functional expenses | $1,394,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $564,631 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $64,300 |
| 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 | $2,492 |
| Net Land, buildings, and equipment | $62,239 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $123,715 |
| Other assets | $0 |
| Total assets | $817,377 |
| Accounts payable and accrued expenses | $6,295 |
| 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 | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $156,295 |
| Net assets without donor restrictions | -$88,576 |
| Net assets with donor restrictions | $749,658 |
| 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 | $817,377 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Nabu Global Inc has recieved totaling $80,373.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $50,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS | $14,650 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: EDUCATIONAL PROGRAMS & OTHER STUDENT SVC | $10,000 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $5,723 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Suffolk Cooperative Library System Bellport, NY | $18,374,423 | $17,112,722 |
Smithtown Library Nesconset, NY | $38,994,883 | $15,642,317 |
Allegheny County Library Assoc Pittsburgh, PA | $1,615,297 | $12,970,956 |
Buffalo & Erie County Public Library Buffalo, NY | $4,920,940 | $11,835,935 |
The Free Library Of Philadelphia Philadelphia, PA | $55,485,474 | $14,690,366 |
Massachusetts Library System Inc Marlborough, MA | $7,404,141 | $11,793,761 |
Ferguson Library Stamford, CT | $21,910,876 | $11,228,846 |
Proprietors Of The Boston Athenaeum Boston, MA | $130,203,809 | $11,281,803 |
Nassau Library System Uniondale, NY | $13,078,101 | $10,576,238 |
Bucks County Free Library Doylestown, PA | $22,091,549 | $9,285,989 |
Science History Institute Support Company Philadelphia, PA | $170,290,036 | $11,212,295 |
Publishers International Linking Association Inc Lynnfield, MA | $16,437,833 | $11,352,834 |