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World Business Academy

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn’t provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Graduate, Professional Schools (Separate Entities) (B51Z) (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$1.91M (2022)

Expenses
$756k (2022)

Total Assets
$8.86M (2022)

Total Liabilities
$2.21M (2022)

Years with missing data
Source: Form 990 tax filings from 2009 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,910,669
Expenses
$755,589
Net Income
$1,155,080
Net Assets
$6,656,206
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,697,886
88.9%
Program Services $167,625
8.8%
Investment Income $45,158
2.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $131,312
17.4%
Assets/Debt
Total Assets $8,862,315
Total Liabilities $2,206,109
Net Assets $6,656,206
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Dawa Tarchin Phillips (Director) $0 $0 $0
Kristina Jansen (Executive Director) $0 $0 $0
Viviana Gozalez (Secretary) $0 $0 $0
Ray Afshordi (Cfo) $0 $0 $0
Rinaldo S Brutoco (Ceo) $0 $0 $0
Diane Cirincione (Director) $0 $0 $0
Blaine Barnett (Director) $0 $0 $0
Bill Moses (Director) $0 $0 $0
Marie Case (Chairman) $0 $0 $0
Jerry B Brown (Director) $0 $0 $0
Mike Harmon (Director) $0 $0 $0
Merryl Zegar (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,085,888
Expenses
$1,317,032
Net Income
$7,768,856
Net Assets
$6,854,609
Notable Sources of Revenue Percent of Total Revenue
Contributions $8,806,686
96.9%
Program Services $279,100
3.1%
Investment Income $102
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $129,909
9.9%
Professional Fundraising Fees $0
Other Salaries and Wages $16,106
1.2%
Assets/Debt
Total Assets $8,741,209
Total Liabilities $1,886,600
Net Assets $6,854,609
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kristina Jansen (Executive Director) $77,485 $0 $6,000
Viviana Gonzalez (Secretary) $46,423 $0 $1,500
Ray Afshordi (Cfo) $6,000 $0 $0
Rinaldo Brutoco (Ceo) $0 $0 $0
Diane Cirincione (Director) $0 $0 $0
Blaine Bartlett (Director) $0 $0 $0
Bill Moses (Director) $0 $0 $0
Marie Case (Chairman) $0 $0 $0
Jerry B Brown (Director) $0 $0 $0
Dawa Tarchin Phillips (Director) $0 $144,000 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$657,152
Expenses
$417,333
Net Income
$239,819
Net Assets
-$914,245
Notable Sources of Revenue Percent of Total Revenue
Contributions $282,015
42.9%
Program Services $374,657
57.0%
Investment Income $480
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $88,699
21.3%
Professional Fundraising Fees $0
Other Salaries and Wages $16,595
4.0%
Assets/Debt
Total Assets $1,265,140
Total Liabilities $2,179,385
Net Assets -$914,245
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kristina Jansen (Executive Director) $74,769 $0 $0
Viviana Gonzalez (Secretary) $13,930 $0 $0
Rinaldo Brutoco (Ceo) $0 $0 $0
Diane Cirincione (Director) $0 $0 $0
Marie Case (Director) $0 $0 $0
Blaine Bartlett (Director) $0 $0 $0
Bill Moses (Director) $0 $0 $0
Rahim Afshordi (Cfo) $0 $0 $0
James Selman (Chairman) $0 $0 $0
Vincent Dibianca (Director) $0 $0 $0
Diane Boss (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$457,974
Expenses
$408,931
Net Income
$49,043
Net Assets
-$1,724,787
Notable Sources of Revenue Percent of Total Revenue
Contributions $417,259
91.1%
Program Services $41,707
9.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$992
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $44,172
10.8%
Professional Fundraising Fees $0
Other Salaries and Wages $26,836
6.6%
Assets/Debt
Total Assets $493,300
Total Liabilities $2,218,087
Net Assets -$1,724,787
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Robert D Perry (Secretary) $26,547 $0 $0
Rahim Afshordi (Cfo) $17,625 $0 $0
Rinaldo Brutoco (Ceo) $0 $0 $0
Diane Cirincione (Director) $0 $0 $0
Marie Case (Director) $0 $0 $0
Blaine Bartlett (Director) $0 $0 $0
James Selman (Chairman) $0 $0 $0
Vincent Dibianca (Director) $0 $0 $0
Diane Boss (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$198,942
Expenses
$600,642
Net Income
-$401,700
Net Assets
-$2,123,639
Notable Sources of Revenue Percent of Total Revenue
Contributions $133,959
67.3%
Program Services $64,592
32.5%
Investment Income $58
0.0%
Bond Proceeds $0
Royalties $333
0.2%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $20,484
3.4%
Professional Fundraising Fees $12,378
2.1%
Other Salaries and Wages $65,797
11.0%
Assets/Debt
Total Assets $104,406
Total Liabilities $2,228,045
Net Assets -$2,123,639
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Robert D Perry (Secretary) $30,229 $0 $0
Ray Afshordi (Cfo) $16,425 $0 $0
Rinaldo Brutoco (Ceo) $0 $0 $0
Diane Cirincione (Director) $0 $0 $0
Marie Case (Director) $0 $0 $0
Blane Bartlett (Director) $0 $0 $0
James Selman (Chairman) $0 $0 $0
Vincent Dibianca (Director) $0 $0 $0
Diane Boss (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$938,821
Expenses
$931,381
Net Income
$7,440
Net Assets
-$1,721,939
Notable Sources of Revenue Percent of Total Revenue
Contributions $771,685
82.2%
Program Services $162,791
17.3%
Investment Income $76
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,269
0.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $130,484
14.0%
Professional Fundraising Fees $159,461
17.1%
Other Salaries and Wages $114,594
12.3%
Assets/Debt
Total Assets $152,362
Total Liabilities $1,874,301
Net Assets -$1,721,939
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Matthew C Renner (Director) $72,000 $0 $0
Ray Afshordi (Cfo) $29,750 $0 $0
Robert D Perry (Secretary) $28,734 $0 $0
Rinaldo Brutoco (Ceo) $0 $0 $0
Diane Cirincione (Director) $0 $0 $0
Marie Case (Director) $0 $0 $0
Blane Bartlett (Director) $0 $0 $0
James Selman (Chairman) $0 $0 $0
Vincent Dibianca (Director) $0 $0 $0
Diane Boss (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,005,560
Expenses
$840,887
Net Income
$164,673
Net Assets
-$1,729,379
Notable Sources of Revenue Percent of Total Revenue
Contributions $996,569
99.1%
Program Services $48,382
4.8%
Investment Income $12
0.0%
Bond Proceeds $0
Royalties $1,795
0.2%
Rental Property Income $0
Net Fundraising -$44,500
Sales of Assets $3,302
0.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $115,271
13.7%
Professional Fundraising Fees $61,590
7.3%
Other Salaries and Wages $106,401
12.7%
Assets/Debt
Total Assets $79,893
Total Liabilities $1,809,272
Net Assets -$1,729,379
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Matthew C Renner (Director) $67,846 $0 $0
Robert D Perry (Secretary) $26,000 $0 $0
Ray Afshordi (Cfo) $21,425 $0 $0
Rinaldo Brutoco (Ceo) $0 $0 $0
Diane Cirincione (Director) $0 $0 $0
Marie Case (Director) $0 $0 $0
Blane Bartlett (Director) $0 $0 $0
Vincent Dibianca (Director) $0 $0 $0
Diane Boss (Director) $0 $0 $0
James Selman (Chairman) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$661,424
Expenses
$736,210
Net Income
-$74,786
Net Assets
-$1,894,052
Notable Sources of Revenue Percent of Total Revenue
Contributions $391,614
59.2%
Program Services $259,865
39.3%
Investment Income $1,935
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $8,010
1.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $94,900
12.9%
Professional Fundraising Fees $0
Other Salaries and Wages $54,109
7.3%
Assets/Debt
Total Assets $204,748
Total Liabilities $2,098,800
Net Assets -$1,894,052
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Matthew C Renner (Director) $60,000 $0 $0
Robert D Perry (Secretary) $26,000 $0 $0
Ray Ashfordi (Cfo) $8,900 $0 $0
Rinaldo Brutoco (Ceo) $0 $0 $0
Diane Boss (Director) $0 $0 $0
Vincent Dibianca (Director) $0 $0 $0
Diane Cirincione (Director) $0 $0 $0
Marie Case (Director) $0 $0 $0
Blane Bartlett (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$419,740
Expenses
$864,146
Net Income
-$444,406
Net Assets
-$1,819,266
Notable Sources of Revenue Percent of Total Revenue
Contributions $398,308
94.9%
Program Services $18,771
4.5%
Investment Income $2,661
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $43,846
5.1%
Professional Fundraising Fees $0
Other Salaries and Wages $93,414
10.8%
Assets/Debt
Total Assets $82,719
Total Liabilities $1,901,985
Net Assets -$1,819,266
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Matthew C Renner (Director) $74,179 $0 $0
Ray Ashfordi (Cfo) $30,925 $0 $0
Robert D Perry (Secretary) $21,200 $0 $0
Rinaldo Brutoco (Ceo) $0 $0 $0
Blaine Bartlett (Director) $0 $0 $0
Marie Case (Director) $0 $0 $0
Diane Cirincione Jampolsky (Director) $0 $0 $0
Vince Dibianca (Director) $0 $0 $0
Jerry Brown (Trustee) $0 $0 $0
Jagdish Parikh (Trustee) $0 $0 $0
George Mc Gown (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$176,437
Expenses
$427,881
Net Income
-$251,444
Net Assets
-$1,374,860
Notable Sources of Revenue Percent of Total Revenue
Contributions $158,468
89.8%
Program Services $0
Investment Income $459
0.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $64,909
Total Liabilities $1,439,769
Net Assets -$1,374,860
Compensation
Key Employees and Officers Compensation Other
Rinaldo Brutoco (Chairman) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$144,350
Expenses
$175,386
Net Income
-$31,036
Net Assets
-$1,123,416
Notable Sources of Revenue Percent of Total Revenue
Contributions $128,415
89.0%
Program Services $0
Investment Income $815
0.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $110,979
Total Liabilities $1,234,395
Net Assets -$1,123,416

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$32,702
Expenses
$154,999
Net Income
-$122,297
Net Assets
-$1,092,380
Notable Sources of Revenue Percent of Total Revenue
Contributions $32,701
100.0%
Program Services $0
Investment Income $1
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $108,251
Total Liabilities $1,200,631
Net Assets -$1,092,380

Document Links

Fiscal Year Ending Dec.
2009

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$49,675
Expenses
$293,225
Net Income
-$243,550
Net Assets
-$842,561
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $47,844
96.3%
Investment Income $13
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,818
3.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $88,827
30.3%
Assets/Debt
Total Assets $107,007
Total Liabilities $949,568
Net Assets -$842,561

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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For those interested in acquiring the original data from the source, here’s where our data comes from:

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