World Business Academy
- Assets
- $8.9m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 10
- Location
- Santa Barbara, CA
- Founding
- 03/1988
- Data as of
- 12/2022
- EIN
- 94-3058028
Organization Overview
World Business Academy is located in Santa Barbara, CA. The organization was established in 1988. As of 12/2022, World Business Academy employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. World Business Academy 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, World Business Academy generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $755.6k during the year ending 12/2022. While expenses have increased by 0.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CHANGE BUSINESS LEADERS CONSCIOUSNESS FROM SELF SERVICE TO SERVANT LEADERSHIP. TO CHANGE THE CONSCIOUSNESS OF YOUNG PEOPLE ENTERING BUSINESS, PARTICULARLY TO SEE THEMSELVES AS ENTERING A NOBLE PROFESSION, NOT A JUNGLE. TO CHANGE THE CONSCIOUSNESS OF THE PUBLIC AT LARGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENVIRONMENTAL SUSTAINABILITY CONSULTATION AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawa Tarchin Phillips Director | Trustee | 1 | $0 |
Kristina Jansen Executive Director | OfficerTrustee | 30 | $0 |
Viviana Gozalez Secretary | OfficerTrustee | 30 | $0 |
Ray Afshordi CFO | OfficerTrustee | 1 | $0 |
Rinaldo S Brutoco CEO | OfficerTrustee | 30 | $0 |
Diane Cirincione Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $40,856 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,657,030 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,697,886 |
| Total Program Service Revenue | $167,625 |
| Investment income | $45,158 |
| 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 | $1,910,669 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $131,312 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,487 |
| Payroll taxes | $25,083 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55,413 |
| Fees for services: Accounting | $67,022 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,378 |
| Advertising and promotion | $30,010 |
| Office expenses | $9,153 |
| Information technology | $7,247 |
| Royalties | $0 |
| Occupancy | $52,459 |
| Travel | $3,756 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $84,224 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,736 |
| Insurance | $12,917 |
| All other expenses | $0 |
| Total functional expenses | $755,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,787 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $1,015,628 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $47,787 |
| Net Land, buildings, and equipment | $7,743,113 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,862,315 |
| Accounts payable and accrued expenses | $21,986 |
| 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 | $1,688,523 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $495,600 |
| Total liabilities | $2,206,109 |
| Net assets without donor restrictions | $6,656,206 |
| 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 | $8,862,315 |