2022-08-01T12:09:55-05:00 2021-11-30 410746749 CLIFTONLARSONALLEN LLP 610 W GERMANTOWN PIKE SUITE 400 PLYMOUTH MEETING PA 19462 990 2020-12-01 454960988 GLOBAL BUSINESS COALITION FOR EDUCATION INC GLOB 2129931124 599 LEXINGTON AVENUE FL 23 NEW YORK NY 10022 JUSTIN W VAN FLEET EXECUTIVE DIRECTOR 2129931124 2022-07-27 1 JUSTIN VAN FLEET 999009999 CONNIE M LIRA P00481097 2156433900 2022-07-27 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z X JUSTIN W VAN FLEET 599 LEXINGTON AVENUE FL 23 NEW YORK NY 10022 3104641 0 X WWW.GBC-EDUCATION.ORG X 2012 DE TO ENGAGE THE BUSINESS COMMUNITY IN SUPPORTING THE WORLD'S MOST PRESSING GLOBAL EDUCATION ISSUES. 5 5 10 5 0 0 2327005 2964641 219333 140000 0 0 0 0 2546338 3104641 0 0 0 0 923508 1014947 0 0 45566 724666 849041 1648174 1863988 898164 1240653 1797305 2982896 208140 153078 1589165 2829818 X THE GLOBAL BUSINESS COALITION FOR EDUCATION (GBC-EDUCATION) IS A MOVEMENT OF BUSINESSES COMMITTED TO ENDING THE GLOBAL EDUCATION CRISIS. OUR MISSION IS TO ENSURE THAT EVERY CHILD HAS THE BEST START IN LIFE, A SAFE PLACE TO LEARN, AND SKILLS FOR THE FUTURE.GBC-EDUCATION LEVERAGES THE COLLECTIVE POWER OF BUSINESS, GOVERNMENT, INTERNATIONAL ORGANIZATIONS, NON-GOVERNMENTAL ORGANIZATIONS (NGO), YOUTH, AND OTHER STAKEHOLDERS TO ACHIEVE THE SUSTAINABLE DEVELOPMENT GOAL OF FREE, EQUITABLE, AND INCLUSIVE QUALITY EDUCATION FOR ALL. 0 0 1810953 0 140000 GBC-EDUCATION WORKS WITH A GROWING COMMUNITY OF BUSINESS PARTNERS TO DELIVER BREAKTHROUGH EDUCATION SOLUTIONS GLOBALLY. GBC-EDUCATION'S GLOBAL EDUCATION PROGRAM ENCOMPASSES FOUR KEY INITIATIVES: DIVERSITY, EQUITY, AND INCLUSIVE EDUCATION; ENVIRONMENT, SOCIAL, AND GOVERNMENT (ESG) AND SOCIAL IMPACT; YOUTH SKILLS DEVELOPMENT; AND HUMANITARIAN RELIEF. IN 2020-2021, GBC-EDUCATION MADE IMPORTANT PROGRESS ACROSS ALL PROGRAM'S KEY INITIATIVES AND DELIVERED MAJOR ACCOMPLISHMENTS TO ADVANCE THE ORGANIZATION'S MISSION.CONTINUED ON SCHEDULE O.DIVERSITY, EQUITY, AND INCLUSIVE EDUCATION: THE ORGANIZATION DEVELOPED A MAJOR REPORT, INVESTING IN INCLUSION: A HANDBOOK FOR BUSINESSES ON DISABILITY-INCLUSIVE EDUCATION, TRAINING, AND EMPLOYMENT. THE REPORT OFFERED AN EVIDENCE-LED HOW-TO GUIDE FOR BUSINESSES ON IMPROVING THEIR EDUCATION, TRAINING, AND EMPLOYMENT FOR YOUNG PEOPLE WITH DISABILITIES. THE REPORT WAS RELEASED AT THE GLOBAL DISABILITY SUMMIT IN OSLO, THE BIGGEST WORLDWIDE EVENT DEDICATED TO PROMOTING DISABILITY RIGHTS, IN FEBRUARY 2022.ENVIRONMENT, SOCIAL, AND GOVERNMENT (ESG) AND SOCIAL IMPACT: THE ORGANIZATION ENGAGED WITH LEADERS OF THE GLOBAL BUSINESS COMMUNITY TO INCORPORATE SUSTAINABLE AND SCALABLE INVESTMENTS IN EDUCATION INTO THEIR ESG AND SOCIAL IMPACT PRACTICES; BUILD A STRONGER, MORE INFORMED, AND IMPACTFUL NETWORK OF BUSINESSES; CONSOLIDATE BEST PRACTICES, GENERATE, AND SHARE EVIDENCE-BASED TOOLS; AND IMPROVE ENGAGEMENT BETWEEN THE PRIVATE AND PUBLIC SECTORS TO ADVANCE EDUCATION OPPORTUNITY. AN ACTIVE NETWORK OF GLOBAL CEOS/EXECUTIVES AND BUSINESS LEADERS, EDUCATION EXPERTS, SOCIAL IMPACT INNOVATORS, AND IMPLEMENTATION SPECIALISTS WAS FORMED TO SUPPORT THE ORGANIZATION'S WORK TO HELP SHAPE THE DIRECTION OF A NEW SET OF SOCIAL IMPACT TOOLS AND RESOURCES. THE ORGANIZATION PUBLISHED A REPORT, AN UNTAPPED FORCE FOR GLOBAL EDUCATION: AN EXPLORATION OF SMALL AND MEDIUM ENTERPRISES, HIGHLIGHTING THE ROLE SMALL AND MEDIUM ENTERPRISES PLAY IN SUPPORTING EDUCATION AND THE INNOVATIVE WAYS IN WHICH THEY ARE ENGAGING THEIR CONSUMERS IN THE CAUSE AND HELD A GLOBAL WEBINAR TO DISCUSS THE REPORT'S FINDINGS. THE EDUCATION FINANCE PLAYBOOK WAS RELEASED; IT WAS A LANDMARK RESOURCE MAKING THE CASE FOR INNOVATIVE FINANCING TO SUPPORT EDUCATION AND PROVIDING OPPORTUNITIES FOR THE BUSINESS COMMUNITY TO MAKE AN IMPACT. THE REPORTS WERE SUPPORTED BY ONLINE AND OFFLINE EVENTS, INCLUDING THE KEY CONVERSATION SERIES, FEATURING BUSINESS LEADERS ALONGSIDE SUBJECT-MATTER EXPERTS, YOUTH INNOVATORS, AND CAMPAIGNERS FOCUSED ON SETTING THE AGENDA FOR SOCIAL IMPACT. DINNER EVENT AT THE REWIRED SUMMIT IN DUBAI, BRINGING TOGETHER BUSINESS LEADERS FROM AROUND THE GLOBE TO DISCUSS THE IMPLEMENTATION OF THE FRAMEWORK FOR ACTION FOR BUSINESSES SUPPORTING EDUCATION, WAS CO-HOSTED IN COLLABORATION WITH PARTNER ORGANIZATIONS.YOUTH SKILLS DEVELOPMENT: THE ORGANIZATION DEVELOPED TARGETED PROGRAMS AND REPORTS IN KEY WORLD REGIONS AND COUNTRIES, PROVIDING ACTIONABLE ANALYSIS FOR POLICYMAKERS, EDUCATORS, AND THE BUSINESS COMMUNITY TO ADDRESS YOUTH SKILLS CRISIS WITH THE URGENCY IT DESERVES AND TO PROMOTE A NEW, COLLABORATIVE APPROACH BETWEEN INDUSTRY LEADERS, YOUTH, COMMUNITY ORGANIZATIONS, AND CITY GOVERNMENTS. THE FIRST NATIONAL BIG IDEAS, BRIGHT CITIES CHALLENGE WAS LAUNCHED. THE CHALLENGE'S GOAL IS TO HELP CITIES STRENGTHEN THEIR EXISTING CAREER READINESS AND YOUTH EMPLOYMENT PROGRAMS OR LAUNCH NEW INITIATIVES, TO HELP ENSURE THAT YOUNG PEOPLE, ESPECIALLY FROM UNDERSERVED AND DISADVANTAGED COMMUNITIES, HAVE THE SKILLS NECESSARY TO ENTER A MEANINGFUL FUTURE CAREER. THE ORGANIZATION DEVELOPED AN AI-POWERED DASHBOARD TO ALLOW USERS TO EXPLORE INTERACTIONS BETWEEN DIFFERENT YOUTH SKILL INDICATORS' VARIABLES ACROSS 200+ U.S. CITIES OVER TIME. THE STATE OF U.S. CITIES AND YOUTH SKILLS, A DATA AND ANALYSIS REPORT ON THE TOP SKILLS-FRIENDLY U.S. CITIES FOR YOUNG PEOPLE, BASED ON THE DATASET OF THE U.S. CENSUS, WAS RELEASED. HUMANITARIAN RELIEF: GBC-EDUCATION'S DISASTER RELIEF AND EDUCATION RESPONSE FUND HELPS BUSINESSES RAISE AND DISTRIBUTE FUNDS WITHIN 30 DAYS OF AN EMERGENCY. THE ORGANIZATION WORKED WITH BUSINESSES TO MAKE AN IMMEDIATE CONTRIBUTION AND A TANGIBLE IMPACT ON COMMUNITIES IN NEED. GBC-EDUCATION OFFERED BUSINESSES AN IMMEDIATE, INNOVATIVE, AND IMPACTFUL WAY TO CHANNEL SUPPORT FOR EDUCATION IN HUMANITARIAN CRISIS. GBC-EDUCATION'S YEARS OF EXPERIENCE IN SUPPORTING EDUCATION IN HUMANITARIAN EMERGENCIES PROVIDED THE EXPERTISE NEEDED TO URGENTLY RESPOND TO THE UNPRECEDENTED CRISIS CREATED BY COVID-19, WHICH DISRUPTED EDUCATION AROUND THE WORLD. TOGETHER WITH OVER 20 OF ITS GLOBAL BUSINESS PARTNERS, GBC-EDUCATION MOBILIZED TOOLS AND RESOURCES TO ENSURE CHILDREN IN NEED COULD RECEIVE QUALITY EDUCATION REMOTELY. 1810953 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 7 0 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 CA NY X ANNA SHAKAROVA 2129931124 599 LEXINGTON AVENUE FL 23 NEW YORK NY 10022 JUSTIN W VAN FLEET EXECUTIVE DIRECTOR 35.00 5.00 X 158328 0 25419 EMILY FRIEDMAN HEAD OF BUS INVEST EDUCATION IMPACT 35.00 0.00 X 112988 0 17003 SARAH BROWN EXEC. CHAIR, DIRECTOR 6.00 2.00 X X 0 0 0 DAVID BOUTCHER SECRETARY, TREASURER, DIRECTOR 6.00 2.00 X X 0 0 0 LISA BELZBERG DIRECTOR 1.00 0.00 X 0 0 0 EDWARD ESTRADA DIRECTOR 1.00 0.00 X 0 0 0 JOYCE MALOMBE DIRECTOR 1.00 0.00 X 0 0 0 271316 0 42422 2 0 1 0 THEIRWORLD PROJECTS LTD 20 PRIMROSE ST LONDON ENGLAND UK EC2A 2RS MANAGEMENT SERVICES 178955 APCO WORLDWIDE LLC 1299 PENNSYLVANIA AVENUE NW SUITE WASHINGTON DC 20004 PROGRAM CONSULTING SERVICES 165810 2 2964641 2964641 MEMBERSHIP DUES 900099 140000 140000 140000 3104641 140000 0 0 X 187790 169012 18778 688151 678784 9367 10829 10731 98 63062 62273 789 65115 63125 1990 303779 164434 93779 45566 50050 50050 456992 456992 12912 11366 1546 15364 15364 2242 2242 388 388 3800 3800 3514 3514 ALLOCATED OVERHEAD 0 172728 -172728 1863988 1810953 7469 45566 1680522 2849506 100000 115000 3407 19000 6017 16783 12983 0 2000 1797305 2982896 208140 153078 208140 153078 X 330480 544118 1258685 2285700 1589165 2829818 1797305 2982896 1240653 0 X 0 1 X 1 0 X 360000 300030 1089416 2327005 2964641 7041092 360000 300030 1089416 2327005 2964641 7041092 5152247 1888845 7041092 1339838 0.26830 0.35670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 1863988 1863988 243199 60800 0 0 131019 190293 232409 243199 796920 1195380 0 0 0 0 32755 47573 58102 60800 199230 298845 0 0 0 0 19000 6017 12983 12983 3253641 149000 149000 3104641 0 3104641 2012988 149000 149000 1863988 0 1863988 EUROPE (INCLUDING ICELAND & GREENLAND) 0 1 PROGRAM SERVICES ADMINISTRATIVE SUPPORT TO PROGRAMS 258213 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 FUNDRAISING 45566 0 1 0 0 0 1 303779 0 303779 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 0 0 0 0 0 0 0 0 0 JUSTIN W VAN FLEET EXECUTIVE DIRECTOR 158328 0 0 0 0 0 3300 0 22119 0 183747 0 0 0 PART I, LINE 3 THEIRWORLD, THE SOLE MEMBER, DETERMINES THE COMPENSATION FOR THE EXECUTIVE DIRECTOR USING A COMPENSATION REVIEW PROCESS THAT INCLUDES INDEPENDENT PERSONS, A REVIEW OF THE FORM 990 OF OTHER ORGANIZATIONS, USE OF A WRITTEN EMPLOYMENT CONTRACT, AND APPROVAL BY THE BOARD/COMPENSATION COMMITTEE. FORM 990, PART IV, LINE 12F: THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS DO NOT INCLUDE A FOOTNOTE THAT ADDRESSES THEIR LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48. THE ORGANIZATION HAS PROCESSES IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION A, LINE 3 THEIRWORLD PROJECTS LIMITED, A SUBSIDIARY OF THEIRWORLD, PROVIDES MANAGEMENT AND ADMINISTRATIVE SERVICES, INCLUDING WORKING SPACE, COMMUNICATIONS, CONSULTANCY, FUNDRAISING, FINANCE, ACCOUNTING AND LEGAL SERVICES. FOR THE TAX YEAR ENDED NOVEMBER 30, 2021, $303,779 WAS PAID FOR THESE SERVICES. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE ORGANIZATION IS THEIRWORLD, A CHARITY FORMED UNDER THE LAWS OF THE UNITED KINGDOM. FORM 990, PART VI, SECTION A, LINE 7A ALL VOTING BOARD DIRECTORS ARE APPOINTED BY THE SOLE MEMBER AND MAY BE REMOVED WITH OR WITHOUT CAUSE BY THE SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 7B THE NUMBER OF PEOPLE ON THE BOARD OF DIRECTORS SHALL BE DETERMINED BY THE SOLE MEMBER, BUT MAY NOT BE LESS THAN THREE. THE BYLAWS MAY BE AMENDED, ALTERED AND REPEALED, AND NEW BYLAWS MAY BE ADOPTED, BY THE SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION'S GOVERNING BODY DID NOT DELEGATE BOARD AUTHORITY TO ANY COMMITTEE DURING THE TAX YEAR ENDED NOVEMBER 30, 2021, AND, AS SUCH, THE IRS REQUIRES THAT FORM 990, PART VI, SECTION A, LINE 8B BE ANSWERED NO. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. PRIOR TO FILING, THE FORM 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION PERIODICALLY TAKES ACTION TO MONITOR KEY EMPLOYEE (WHEN APPLICABLE), OFFICER, AND BOARD DIRECTOR COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. THIS IS DONE THROUGH AN ANNUAL COMMUNICATION TO APPLICABLE EMPLOYEES SETTING FORTH THE POLICY AND ASKING EMPLOYEES TO REPORT ANY CONFLICTS OF INTEREST THAT VIOLATE THE POLICY. THE BOARD OF DIRECTORS SIGN CONFLICT OF INTEREST STATEMENT ANNUALLY. ANNUAL MEETINGS HAVE A STANDING AGENDA ITEM TO REMIND THE DIRECTORS TO SIGN CONFLICT OF INTEREST STATEMENT. TO REGULARLY AND CONSISTENTLY MONITOR THE POLICY, THERE IS ALSO A PROVISION THAT REQUIRES THE ORGANIZATION TO CONDUCT PERIODIC REVIEWS OF ITS ACTIVITIES TO MONITOR FOR POTENTIAL CONFLICTS. IN ADDITION, POTENTIAL CONFLICTS MUST BE TIMELY DISCLOSED TO THE BOARD OF DIRECTORS AND ANY RELEVANT COMMITTEE MEMBERS, WHO DECIDE IF A CONFLICT EXISTS. IF A CONFLICT DOES EXIST, THE FOLLOWING PROCEDURES SHALL BE FOLLOWED: (A) THE CHAIRMAN, SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT; (B) AFTER EXERCISING DUE DILIGENCE, THE DIRECTORS OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION COULD OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST; AND (C) IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE, THE DIRECTORS OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTERESTS AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE ORGANIZATION AND SHALL DECIDE AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. FORM 990, PART VI, SECTION B, LINE 15 FORM 990, PART VI, SECTION B, LINE 15A: THEIRWORLD, THE SOLE MEMBER, DETERMINES THE COMPENSATION FOR THE EXECUTIVE DIRECTOR USING A COMPENSATION REVIEW PROCESS THAT INCLUDES INDEPENDENT PERSONS, A REVIEW OF THE FORM 990 OF OTHER ORGANIZATIONS, USE OF A WRITTEN EMPLOYMENT CONTRACT, AND APPROVAL BY THE BOARD/COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15B: NO OTHER COMPENSATED PERSON MEETS THE IRS DEFINITION OF OFFICER OR KEY EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT GENERALLY MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC, BUT WILL PROVIDE THEM TO PARTIES UPON REQUEST ON AN AS NEEDED BASIS. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 456,992. TOTAL EXPENSES 456,992. THEIRWORLD BROADGATE TOWER 20 PRIMROSE STREET LONDON ENGLAND UK EC2A 2RS EDUCATIONAL MISSION SIMILAR TO THE U.S. ORGANIZATION UK 0 THEIRWORLD PROJECTS LIMITED BROADGATE TOWER 20 PRIMROSE STREET LONDON ENGLAND UK EC2A 2RS EDUCATIONAL MISSION SIMILAR TO THE U.S. ORGANIZATION UK THEIRWORLD 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0