World Business Academy
- Assets
- $8.7m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Santa Barbara, CA
- Founding
- 03/1988
- Data as of
- 12/2021
- EIN
- 94-3058028
Organization Overview
World Business Academy is located in Santa Barbara, CA. The organization was established in 1988. As of 12/2021, World Business Academy employed 6 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 12/2021, World Business Academy generated $9.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 45.4% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 8.7% 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
TO CHANGE BUSINESS LEADERS CONSCIOUSNESS FROM SELF SERVICE TO SERVANT LEADERSHIP. TO CHANGE THE CONSCIOUSNESS OF YOUNG PEOPLE ENTERING BUSINESS, PARTICULARILY 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 & EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristina Jansen Executive Director | OfficerTrustee | 30 | $77,485 |
Viviana Gonzalez Secretary | Trustee | 30 | $46,423 |
Ray Afshordi CFO | OfficerTrustee | 1 | $6,000 |
Rinaldo Brutoco CEO | OfficerTrustee | 30 | $0 |
Marie Case Chairman | Trustee | 11 | $0 |
Diane Cirincione Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $766 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $49,338 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,756,582 |
| Noncash contributions included in lines 1a–1f | $8,190,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,806,686 |
| Total Program Service Revenue | $279,100 |
| Investment income | $102 |
| 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 | $9,085,888 |
| 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. | $129,909 |
| Compensation of current officers, directors, key employees. | $12,991 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,106 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,291 |
| Payroll taxes | $11,979 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $102,088 |
| Fees for services: Accounting | $20,076 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $57,322 |
| Office expenses | $8,872 |
| Information technology | $14,591 |
| Royalties | $0 |
| Occupancy | $94,539 |
| Travel | $8,086 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,160 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,328 |
| Insurance | $1,233 |
| All other expenses | $0 |
| Total functional expenses | $1,317,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,114 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $970,500 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,004 |
| Net Land, buildings, and equipment | $7,752,591 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,741,209 |
| Accounts payable and accrued expenses | $12,248 |
| 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 | $1,560,852 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $313,500 |
| Total liabilities | $1,886,600 |
| Net assets without donor restrictions | $6,854,609 |
| 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 | $8,741,209 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that World Business Academy has recieved totaling $41,000.
| Awarding Organization | Amount |
|---|---|
Adams Fund Los Angeles, CA PURPOSE: SUPPORT | $30,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $11,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catalina Island Museum Avalon, CA | $16,851,950 | $1,856,073 |
World Business Academy Santa Barbara, CA | $8,741,209 | $9,085,888 |
Executive Mba Council Grad School Of Bus Columbia Univ Laguna Hills, CA | $2,432,680 | $995,624 |
California International Business University San Diego, CA | $200,221 | $575,128 |
Harvard Business School Assoc Of Southern California Manhattan Beach, CA | $2,800,278 | $98,573 |