2020-03-11T12:49:09-05:00 2018-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2018-01-01 462695042 BUSARA CENTER FOR BEHAVIORAL ECONOMICS BUSA 3107803560 PO BOX 1340 PRINCETON NJ 08540 JAMES VANCEL MANAGING DIRECTOR 3107803560 2020-03-11 1 RICHARD J LOCASTRO CPA P00288314 3019519090 75.103.231.202 2020-03-11 13:48:48 ED P 4FA38BE9C690C82C721A5060F87FC7588CB81F81 EF3E61DA19F4BB256B54258A4A409CDD4C91D73D 2018 2020-09-23 17:36:50Z X JAMES VANCEL PO BOX 1340 PRINCETON NJ 08540 5182161 0 X WWW.BUSARACENTER.ORG X 2013 MA SEE PART III, LINE 1. 4 1 1 1 0 0 150000 587860 2933346 4489696 -86445 323 17423 92246 3014324 5170125 3755200 0 0 0 132553 2642289 0 0 0 910537 2726391 4798290 5368680 -1783966 -198555 641467 1835324 307266 1057019 334201 778305 X BUSARA CENTER FOR BEHAVIOR ECONOMICS WAS ESTABLISHED TO FURTHER RESEARCH AND GENERATE KNOWLEDGE IN VARIOUS ACADEMIC DISCIPLINES BY PROVIDING RESEARCHERS WORLDWIDE ACCESS TO A CONTROLLED LABORATORY ENVIRONMENT TO RUN BEHAVIORAL ECONOMIC STUDIES WITH RESIDENTS OF LOW-INCOME AREAS AS RESEARCH PARTICIPANTS. CURRENT STUDIES ARE CONDUCTED IN NAIROBI, KENYA AND TRENTON, NEW JERSEY. 0 0 3663791 4489696 PREPARATION OF DATA FOR NUMEROUS PUBLICATIONS AND WORKING PAPERS IN THE FIELD OF DECISION SCIENCE. CLEANING AND ANALYZING OF EXISTING DATASETS FOR FURTHER EXPERIMENTATION AND DESIGN. IMPLEMENTATION OF 27 RESEARCH STUDIES IN THE LAB AND FIELD. - 5,000 SUBJECTS INTERVIEWED IN DECISION-SCIENCE LAB ORIENTED GAMES.- 15,000 SUBJECTS PARTICIPATED IN FIELD RESEARCH PROGRAMS.- 5 TRAINING EVENTS HELD WITH VARIOUS GOVERNMENT, POLICY, AND NGO STAKEHOLDERS.- 5 PROJECTS RUN IN APPLIED EXPERIMENTATION WITH NGO AND PUBLIC PARTNERS. 3663791 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 KE 0 0 0 0 0 0 0 0 0 0 X 4 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X JAMES VANCEL 3107803560 PO BOX 1340 PRINCETON NJ 08540 JAMES VANCEL MANAGING DIRECTOR 40.00 X X 78235 0 4 CHANING JANG ASSOCIATE SCIENTIFIC DIREC 40.00 X X 104942 0 4 JEREMY SHAPIRO PRESIDENT 20.00 X 52500 0 0 JOHANNES HAUSHOFER SCIENTIFIC DIRECTOR 2.00 X 0 0 0 235677 0 8 1 0 0 0 INNOVATIONS FOR POVERTY ACTION 101 WHITNEY 2ND FLOOR NEW HAVEN CT 06510 RESEARCH STUDIES 128849 1 587860 587860 PROJECT REVENUE 900099 3395689 3395689 CONSULTING FEES 900099 1094007 1094007 4489696 1704 1704 10655 12036 -1381 -1381 -1381 TAX CREDIT 900099 84667 84667 MISCELLANEOUS 900099 7579 7579 92246 5170125 4489696 0 92569 X 235685 132738 102947 1611298 1146801 464497 795306 546774 248532 4274 4274 41029 41029 571694 554241 17453 12668 12 12656 198168 39588 158580 232559 832 231727 431891 406570 25321 88653 88653 216361 55198 161163 FIELD GUIDES 430558 430558 SURVEY COSTS 232868 232569 299 IMMIGRATION COSTS 100324 100324 LICENSES 44280 44280 121064 17586 103478 5368680 3663791 1704889 0 54061 787712 242890 285058 393939 8167 8868 16172 519354 294583 42423 224771 1899 0 410831 641467 1835324 307266 720432 0 336587 307266 1057019 X 91311 778305 242890 0 334201 778305 641467 1835324 -198555 642659 0 X 0 1 X 0 0 X 2500 1274492 1919695 150000 587860 3934547 383934 1249020 3375079 2933346 4489696 12431075 386434 2523512 5294774 3083346 5077556 16365622 706113 587860 1293973 951085 2294259 2048730 1845053 7139127 1657198 2294259 2048730 2432913 8433100 7932522 5 10 1 1704 1720 5 10 1 1704 1720 17423 92246 109669 386434 2523517 5294784 3100770 5171506 16477011 0.48140 0.51410 0.00010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 307429 208674 98755 211925 85909 126016 224771 DEFERRED TAX ASSET 410831 410831 BANK OVERDRAFT 336587 336587 X 5086839 1381 1381 5085458 84667 84667 5170125 5359420 1381 1381 5358039 10641 10641 5368680 PART X, LINE 2: FOR THE YEARS ENDED DECEMBER 31, 2018 AND 2017, BUSARA CENTER - U.S. HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL NETTED SHOWN AS EXPENSE ON THE FINANCIAL STATEMENTS AND NETTED AGAINST REVENUE ON FORM 990, PART VIII, LINE 7 1,381. PART XI, LINE 4B - OTHER ADJUSTMENTS: TAX CREDIT REPOTED AS OTHER ITEM ON FINANCIAL STATEMENTS AND REPORTED AS REVENUE ON FORM 990, PART VIII. 84,667. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL NETTED SHOWN AS EXPENSE ON THE FINANCIAL STATEMENTS AND NETTED AGAINST REVENUE ON FORM 990, PART VIII, LINE 7 1,381. PART XII, LINE 4B - OTHER ADJUSTMENTS: LLOSS ON FOREIGN CURRENCY EXCHANGED REPORTED AS OTHER ITEM ON FINANCIAL STATEMENTS AND REPORTED AS EXEPNSE ON FORM 990, PART IX. 10,641. SUB-SAHARAN AFRICA 1 96 PROGRAM SERVICES ADVANCING VARIOUS ACADEMIC DISCIPLINES THAT ARE GEARED TOWARDS PROVIDING RESEARCHERS WORLDWIDE WITH ACCESS TO A CONTROLLED LABORATORY ENVIRONMENT WHERE THEY CARRY OUT RESEARCH STUDIES. 2949749 SUB-SAHARAN AFRICA 0 0 GENERAL & ADMINISTRATIVE 1414541 1 96 0 0 1 96 4364290 0 4364290 0 0 0 0 0 0 FORM 990, ITEM B, AMENDED RETURN THE 2018 FORM 990 HAS BEEN AMENDED TO ACCOUNT FOR FINANCIAL STATEMENTS THAT WERE REISSUED TO COMBINE WHAT WERE PREVIOUSLY REPORTED AS RELATED BUT SEPARATE ENTITIES. THE CHANGES WERE AS FOLLOWS: - PART III, LINE 4A - PART IV, LINES 11D, 11E, 14A, 15, 34 - PART V, LINES 4A AND 4B - PART VII - PART VIII, LINES 2, 3, 7, 11 - PART IX - PART X - PART XI - SCHEDULE A, PART III - SCHEDULE D, PARTS VI, IX, X, XI, XII - SCHEDULE F - SCHEDULE O - SCHEDULE R WAS REMOVED FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND CIRCULATED VIA EMAIL TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, OFFICER AND MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS SIGNS A STATEMENT, AND IS ANNUALLY REMINDED OF THE STATEMENT, WHICH AFFIRMS THAT SUCH PERSON: A) HAS RECEIVED A COPY OF THIS POLICY ON FINANCIAL CONFLICTS OF INTEREST, B) HAS READ AND UNDERSTANDS THE POLICY, C) AGREES TO COMPLY WITH THE POLICY, AND D) UNDERSTANDS THAT THE CORPORATION IS A TAX-EXEMPT ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS TAX EXEMPTION THE CORPORATION MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. IF IT IS DETERMINED THAT ANY DIRECTOR, OFFICER OR MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS IS AN INTERESTED PERSON AND THAT A FINANCIAL CONFLICT OF INTEREST EXISTS: A) IF DETERMINED BY THE BOARD OR COMMITTEE TO BE APPROPRIATE, THE CHAIRPERSON OF THE BOARD OR COMMITTEE APPOINTS A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE TRANSACTION OR ARRANGEMENT PROPOSED BY OR FOR THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 15A BUSARA CENTER RELIES ON A RELATED ORGANIZATION TO DETERMINE COMPENSATION. BUSARA CENTER KENYA'S PROCESS IS AS FOLLOWS: IN APPROVING ANY COMPENSATION ARRANGEMENT, THE DIRECTORS WILL GATHER INFORMATION SUFFICIENT TO DETERMINE WHETHER THE COMPENSATION ARRANGEMENT IN ITS ENTIRETY IS REASONABLE. IN THE CASE OF COMPENSATION, RELEVANT INFORMATION INCLUDES, BUT IS NOT LIMITED TO, COMPENSATION LEVELS PAID BY SIMILARLY SITUATED ORGANIZATIONS, BOTH TAXABLE AND TAX-EXEMPT, FOR FUNCTIONALLY COMPARABLE POSITIONS, THE AVAILABILITY OF SIMILAR SERVICES IN THE GEOGRAPHIC AREA OF THE APPLICABLE TAX-EXEMPT ORGANIZATION, CURRENT COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS, AND ACTUAL WRITTEN OFFERS FROM SIMILAR INSTITUTIONS. THE REVIEW IS DOCUMENTED IN THE BOARD MINUTES. THE LAST COMPENSATION REVIEW FOR THE MANAGING DIRECTOR TOOK PLACE JANUARY 2019. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 553,946. MANAGEMENT AND GENERAL EXPENSES 17,386. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 571,332. TRANSLATION EXPENSE: PROGRAM SERVICE EXPENSES 295. MANAGEMENT AND GENERAL EXPENSES 67. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 362.