Global Business Coalition For Education Inc, operating under the name Theirworld Usa, is located in New York, NY. The organization was established in 2013. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2023, Theirworld USA employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Theirworld USA 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 12/2023, Theirworld USA generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $2.1m during the year ending 12/2023. While expenses have increased by 8.9% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENSURE YOUNG PEOPLE HAVE THE BEST START IN LIFE, A SAFE PLACE TO LEARN & SKILLS FOR THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GBC-EDUCATION LEVERAGES THE COLLECTIVE POWER OF BUSINESS, GOVERNMENT, INTERNATIONAL ORGANIZATIONS, NGOS, YOUTH, AND OTHER STAKEHOLDERS TO ACHIEVE THE SUSTAINABLE DEVELOPMENT GOAL OF FREE, EQUITABLE, AND INCLUSIVE QUALITY EDUCATION FOR ALL. WE BROKER RELATIONSHIPS BETWEEN DIVERSE STAKEHOLDERS AND SUPPORT COMPANIES TO IMPLEMENT ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG) ACTIVITIES WHICH LEVERAGE SUSTAINABLE IMPACT FOR CHILDREN AND YOUTH.CONTINUED ON SCHEDULE OOUR GLOBAL EDUCATION PROGRAM SPANS FOUR ACTIVE INITIATIVES: ESG AND SOCIAL IMPACT; HUMANITARIAN RELIEF; YOUTH SKILLS DEVELOPMENT; AND EARLY YEARS CARE AND EDUCATION.IN 2023, THE ORGANIZATION MADE IMPORTANT PROGRESS ACROSS ALL PROGRAM'S KEY INITIATIVES AND DELIVERED MAJOR ACCOMPLISHMENTS TO ADVANCE THE ORGANIZATION'S MISSION.ESG AND SOCIAL IMPACT: IN PARTNERSHIP WITH THE BHP FOUNDATION, GBC-EDUCATION DEVELOPED THE BUSINESS INVESTMENT FOR EDUCATION IMPACT INITIATIVE (BIEI) TO BUILD A STRONGER, MORE INFORMED AND IMPACTFUL NETWORK OF BUSINESSES. THROUGH THIS INITIATIVE, GBC-EDUCATION CONSOLIDATES BEST PRACTICES, GENERATES AND SHARES EVIDENCE-BASED TOOLS, AND IMPROVES ENGAGEMENT BETWEEN THE PRIVATE AND EDUCATION SECTORS. IN 2023, GBC-EDUCATION PRODUCED "EDUCATION + ESG" PLAYBOOK, OFFERING BUSINESSES A PRACTICAL WAY TO INTEGRATE EDUCATION SOLUTIONS INTO THEIR CORPORATE ESG STRATEGIES. DRAWING ON THE RESOURCES LAID OUT IN THE PUBLISHED IN 2022 "YOUR JOURNEY TO IMPACT" GUIDES AS WELL AS THE INITIAL "EDUCATION AND ESG" REPORT, THE PLAYBOOK SETS A FIRST-OF-ITS-KIND MEASURABLE STANDARD FOR SUCH WORK. INCLUDED IN THIS NEW PLAYBOOK ARE CASE STUDIES FROM LEADING COMPANIES: GOOGLE, MASTERCARD, SCHNEIDER ELECTRIC, AVANTI COMMUNICATIONS, ACCENTURE, ESTEE LAUDER, AND OTHERS. GBC-EDUCATION WORKED WITH TEAMS FROM EACH OF THESE COMPANIES TO SHOWCASE HOW INVESTMENT IN EDUCATION HELPS WITH CORPORATE ESG STRATEGIES. THE PLAYBOOK WAS LAUNCHED IN SEPTEMBER DURING THE WEEK OF THE 78TH SESSION OF THE UN GENERAL ASSEMBLY AT THE GBC-EDUCATION ANNUAL EVENT THAT BROUGHT TOGETHER OVER 100 BUSINESS LEADERS AND EDUCATION EXPERTS. THE EVENT FEATURED SPEAKERS FROM PRUDENTIAL FINANCIAL, MASTERCARD, SCHNEIDER ELECTRIC, AND GENERALI ALL OF WHOM ENDORSED THE NEW FRAMEWORK FOR EDUCATION'S CENTRALITY TO ESG STRATEGIES. IN TANDEM WITH THE PLAYBOOK, GBC-EDUCATION RELEASED TWO ADDITIONAL RESOURCES: A COMPANION GUIDE FOR THE NON-CORPORATE COMMUNITY, CALLED "ELEVATE CORPORATE ENGAGEMENT THROUGH ESG: HOW THE EDUCATION SECTOR CAN BUILD SUCCESSFUL BUSINESS PARTNERSHIPS FOR ACCELERATED IMPACT." THIS COMPREHENSIVE GUIDE OFFERS STRATEGIES FOR PARTNERING WITH THE PRIVATE SECTOR BY DEMONSTRATING HOW INVESTMENT IN EDUCATION IS CORE TO THEIR BUSINESS STRATEGIES. THE SECOND RESOURCE, "THE BUSINESS CASE FOR THE EARLY YEARS" REPORT, MAKES AN URGENT CASE FOR GLOBAL BUSINESS COMMUNITY TO BROADEN ITS FOCUS TO THE YOUNGEST CHILDREN TO HELP TRANSFORM NOT ONLY THEIR EDUCATION, BUT THEIR HEALTH, EMPLOYABILITY, AND ALL-AROUND CONTRIBUTION TO THEIR COMMUNITIES AND THE WIDER WORLD. HUMANITARIAN RELIEF: THE DIGITAL EQUITY FOR UKRAINE INITIATIVE, A $30 MILLION PARTNERSHIP WITH HP INC. AND MICROSOFT TO DELIVER MORE THAN 74,000 LAPTOPS TO CHILDREN, TEACHERS, AND SCHOOLS IN NEED, BOTH INSIDE UKRAINE AND IN NEIGHBORING COUNTRIES, LAUNCHED BY THE GBC-EDUCATION WITH THE ASSISTANCE OF THE OLENA ZELENSKA FOUNDATION IN 2022, CULMINATED WITH THE FINAL, SUCCESSFUL DELIVERY OF ALL OF THE DEVICES IN AUGUST 2023. 38,856 LAPTOPS WERE GIVEN TO TEACHERS IN 12 REGIONS OF UKRAINE. 35,400 LAPTOPS WERE DISTRIBUTED VIA INTERNATIONAL ORGANIZATIONS TO UKRAINIAN TEACHERS AND STUDENTS TO SUPPORT THE ONLINE EDUCATION IN THE SURROUNDING HOST COUNTRIES, INCLUDING MOLDOVA, POLAND, ROMANIA, HUNGARY, GERMANY, UNITED KINGDOM. THIS WORK DIRECTLY IMPACTED ESTIMATED 78,967 BENEFICIARIES AND ESTIMATED 1,580,177 INDIRECT BENEFICIARIES.IN ADDITION TO DEVICES, THE INITIATIVE PROVIDED EMERGENCY HUMANITARIAN RELIEF FUNDING OF $250,000 TO SUPPORT THE ORGANIZATIONS WORKING WITH REFUGEE AND DISPLACED UKRAINIAN CHILDREN TO PROVIDE SEED FUNDING FOR COMMUNITY ACTION PROJECTS AND SKILLS TRAINING FOR UKRAINIAN REFUGEE YOUTH AND TO SUPPORT THE REMOTE LEARNING OF UKRAINIAN CHILDREN WHO HAVE FLED TO THE UK, AS WELL AS THE CREATION OF AN ONLINE GAME TO HELP CHILDREN AND THEIR FAMILIES COPE WITH THE TRAUMA CAUSED BY WAR. IN MAY 2023, TOGETHER WITH ECONOMIST IMPACT, HP, INC., AND MICROSOFT, GBC-EDUCATION HOSTED A RECEPTION AT THE UKRAINE HOUSE FOUNDATION WITH THE PARTICIPATION OF THE HONORABLE OKSANA MARKAROVA, AMBASSADOR OF UKRAINE TO THE UNITED STATES. THE EVENT WAS ATTENDED BY MORE THAN 150 GUESTS; IT BROUGHT TOGETHER THE BUSINESS COMMUNITY AND INTERNATIONAL ORGANIZATIONS TO HEAR FROM PUBLIC AND PRIVATE SECTOR PARTNERS SUPPORTING EDUCATION FOR CHILDREN AND YOUNG PEOPLE AFFECTED BY THE WAR IN UKRAINE AND HIGHLIGHTED THE WORK OF THE INITIATIVE AND ITS CRITICAL IMPACT.YOUTH SKILLS DEVELOPMENT: IN 2023, GBC-EDUCATION COMPLETED ITS INAUGURAL AND LAUNCHED THE SECOND SKILLS FRIENDLY CITIES (SFC)'S BIG IDEAS, BRIGHT CITIES CHALLENGE DESIGNED TO HELP SOLVE AN URGENT YOUTH SKILLS DEVELOPMENT PROBLEM IN THE UNITED STATES, WHERE ONE IN TEN YOUNG PEOPLE ARE NOT IN SCHOOL OR NOT EMPLOYED, AND MILLIONS MORE ARE UNDEREMPLOYED. THE FIRST YEAR'S COHORT REACHED ESTIMATED 99,000 YOUNG PEOPLE, PLACED 6,320 YOUNG PEOPLE IN INTERNSHIPS AND APPRENTICESHIPS, AND HELPED 9,481 LAND THEIR FIRST JOB. THE 2023 CHALLENGE RECOGNIZED SOUTHERN CALIFORNIA COLLEGE ACCESS NETWORK, WHICH PROVIDES ONE-ON-ONE MENTORING AND CAREER COUNSELING SERVICES TO PUBLIC HOUSING RESIDENTS, AS THE WINNER TO RECEIVE THE $100,000 GRANT, AND INVITED THEM AND 14 OTHER FINALISTS TO PARTICIPATE IN THE SFC INCUBATOR PROGRAM. IT IS ESTIMATED THAT 111,500 MORE YOUNG PEOPLE WILL BE REACHED BY ORGANIZATIONS IN THE SFC INCUBATOR PROGRAM. EARLY YEARS CARE AND EDUCATION: GBC-EDUCATION LAUNCHED THIS INITIATIVE TO FOCUS ON BUSINESS ENGAGEMENT TO SUPPORT EARLY CHILDHOOD DEVELOPMENT AND EDUCATION ALIGNED WITH THE GLOBAL ACT FOR EARLY YEARS CAMPAIGN.THE BEST START IN LIFE MEANS A HEALTHY BIRTH, GOOD NUTRITION, NURTURING CARE, AND A SAFE PLACE TO PLAY, FOLLOWED BY A QUALITY, INCLUSIVE EARLY CHILDHOOD EDUCATION THAT PREPARES CHILDREN FOR THEIR FIRST YEARS AT SCHOOL. OUR ACT FOR EARLY YEARS CAMPAIGN AIMS TO SECURE QUALITY EARLY CHILDHOOD DEVELOPMENT, CARE, AND EDUCATION FOR EVERY CHILD DURING THE FIRST FIVE YEARS OF LIFE. THE CAMPAIGN ENGAGES A NETWORK OF CIVIL SOCIETY ORGANIZATIONS, YOUTH AND BUSINESS LEADERS. GLOBAL IN FOCUS, THE CAMPAIGN ALSO SUPPORTS WORK IN THE U.S. TO ADVANCE EARLY YEARS DEVELOPMENT AND CARE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Justin W Van Fleet Executive Director | Officer | 35 | $181,038 |
Emily Friedman Head Of Business Impact | 35 | $144,858 | |
Anna Shakarova Head Of Ops/project Monito | 35 | $136,916 | |
Sarah Brown Exec. Chair, Director | OfficerTrustee | 6 | $0 |
David Boutcher Secretary, Director | OfficerTrustee | 6 | $0 |
Edward Estrada Treasurer, Director | OfficerTrustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Theirworld Projects Ltd Management Services | 12/30/23 | $240,848 |
Lebec Consulting Program Consulting Services | 12/30/23 | $128,000 |
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 | $1,256,749 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,256,749 |
Total Program Service Revenue | $0 |
Investment income | $23,488 |
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 | $1,280,237 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $61,000 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $206,189 |
Compensation of current officers, directors, key employees. | $10,309 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $615,303 |
Pension plan accruals and contributions | $9,160 |
Other employee benefits | $79,855 |
Payroll taxes | $67,392 |
Fees for services: Management | $240,848 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $58,805 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $3,188 |
Fees for services: Other | $490,701 |
Advertising and promotion | $30,675 |
Office expenses | $17,128 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $32,616 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $86,722 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,662 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $2,055,295 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $45,079 |
Savings and temporary cash investments | $292,899 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $300 |
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 | $656 |
Net Land, buildings, and equipment | $14,544 |
Investments—publicly traded securities | $1,719,887 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,000 |
Total assets | $2,075,365 |
Accounts payable and accrued expenses | $183,282 |
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 | $0 |
Other liabilities | $0 |
Total liabilities | $183,282 |
Net assets without donor restrictions | $1,359,619 |
Net assets with donor restrictions | $532,464 |
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 | $2,075,365 |
Over the last fiscal year, Global Business Coalition For Education Inc has awarded $120,000 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
ACTION GREENSBORO PURPOSE: TWO-YEAR GRANT TO SUPPORT YOUTH SKILLS ACTIVITIES AND TO FACILITATE PARTICIPATION IN THE GBC-EDUCATION'S COMMUNITY OF PRACTICE | $100,000 |
SIDEKICK EDUCATION INC PURPOSE: ONE-YEAR GRANT TO SUPPORT YOUTH SKILLS ACTIVITIES AND TO FACILITATE PARTICIPATION IN THE GBC-EDUCATION'S COMMUNITY OF PRACTICE | $10,000 |
ORLANDO COMMUNITY & YOUTH TRUST INC PURPOSE: ONE-YEAR GRANT TO SUPPORT YOUTH SKILLS ACTIVITIES AND TO FACILITATE PARTICIPATION IN THE GBC-EDUCATION'S COMMUNITY OF PRACTICE | $10,000 |