BUSARA CENTER FOR BEHAVIORAL ECONOMICS INC: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
BUSARA CENTER FOR BEHAVIORAL ECONOMICS INC (EIN 46-2695042)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-11-14
IRS object ID
201843189349306319
Schema version
2017v2.3
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2018-11-14T13:19:42-06:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN521392008PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GELMAN ROSENBERG & FREEDMANBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14550 MONTGOMERY AVE SUITE 650NAddressLine1Txt
CityBETHESDACityNm
State AbbreviationMDStateAbbreviationCd
ZIP208142930ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2017-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN462695042EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BUSARA CENTER FOR BEHAVIORAL ECONOMICSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBUSABusinessNameControlTxt
Phone3107803560PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1340AddressLine1Txt
CityPRINCETONCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08540ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAMES VANCELPersonNm
Person TitleMANAGING DIRECTORPersonTitleTxt
Phone3107803560PhoneNum
Signature2018-11-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Phone3019519090PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address75.103.231.202IPv4AddressTxt
FieldValueIRS element (for citing)
IP2018-11-14IPDt
IP Tm14:19:36IPTm
IP TimezoneESIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id3D96F52C84D952BE9074EBE015F3F361DE97422DAtSubmissionCreationDeviceId
At Submission Filing Device Id9E8AE8B514D056DB2AF347E03420503FF9C9E9F8AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJAMES VANCELPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1340AddressLine1Txt
CityPRINCETONCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08540ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$3,127,585GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.BUSARACENTER.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2013FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionSEE PART III, LINE 1.ActivityOrMissionDesc
Voting Members Governing Body4VotingMembersGoverningBodyCnt
Voting Members Independent1VotingMembersIndependentCnt
Total Employee2TotalEmployeeCnt
Total Volunteers1TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,919,695PYContributionsGrantsAmt
CY Contributions Grants$150,000CYContributionsGrantsAmt
PY Program Service Revenue$3,375,079PYProgramServiceRevenueAmt
CY Program Service Revenue$2,933,346CYProgramServiceRevenueAmt
PY Investment Income$10PYInvestmentIncomeAmt
CY Investment Income-$86,445CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$17,423CYOtherRevenueAmt
PY Total Revenue$5,294,784PYTotalRevenueAmt
CY Total Revenue$3,014,324CYTotalRevenueAmt
PY Grants And Similar Paid$3,253,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$3,755,200CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$76,332PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$132,553CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$686,313PYOtherExpensesAmt
CY Other Expenses$910,537CYOtherExpensesAmt
PY Total Expenses$4,015,645PYTotalExpensesAmt
CY Total Expenses$4,798,290CYTotalExpensesAmt
PY Revenues Less Expenses$1,279,139PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$1,783,966CYRevenuesLessExpensesAmt
Total Assets BOY$2,252,249TotalAssetsBOYAmt
Total Assets EOY$641,467TotalAssetsEOYAmt
Total Liabilities BOY$132,799TotalLiabilitiesBOYAmt
Total Liabilities EOY$307,266TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,119,450NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$334,201NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionBUSARA 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.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$4,518,215ExpenseAmt
Grant$3,755,200GrantAmt
Revenue$2,933,346RevenueAmt
DescCOLLECTION, PREPARATION AND ANALYSIS OF DATA FOR NUMEROUS PUBLICATIONS AND WORKING PAPERS IN THE FIELD OF DECISION SCIENCE. DEVELOPMENT OF NOVEL DATA COLLECTION, CAPTURE, AND STORAGE TOOLS TO SUPPORT RESEARCHERS TO CONDUCT DECISION SCIENCE EXPERIMENTS. DEVELOPMENT OF RESEARCH PARTNERSHIPS WITH NON-PROFIT AND FOUNDATION PARTNERS TO APPLY BEHAVIORAL SCIENCE WITHIN PROGRAMS FOR POLICY DESIGN.Desc
Total Program Service Expenses$4,518,215TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To OrgYes (1)MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan OutstandingYes (1)LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document10IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee2EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members4GoverningBodyVotingMembersCnt
Independent Voting Member1IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JAMES VANCELBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3107803560PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1340AddressLine1Txt
CityPRINCETONCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08540ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (4 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
JAMES VANCEL
MANAGING DIRECTOR2.0038.00Yes (X)Yes (X)$0$78,327$2,880
CHANING JANG
ASSOCIATE SCIENTIFIC DIRECTOR2.0038.00Yes (X)Yes (X)$0$70,766$6,072
JEREMY SHAPIRO
PRESIDENT1.0019.00Yes (X)$11,666$0$480
JOHANNES HAUSHOFER
SCIENTIFIC DIRECTOR1.001.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$11,666TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$149,093TotReportableCompRltdOrgAmt
Total Other Compensation$9,432TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1INNOVATIONS FOR POVERTY ACTIONBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line1101 WHITNEY 2ND FLOORAddressLine1Txt
CityNEW HAVENCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06510ZIPCd
FieldValueIRS element (for citing)
ServicesRESEARCH STUDIESServicesDesc
Compensation$209,024CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
All Other Contributions$150,000AllOtherContributionsAmt
Total Contributions$150,000TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescPROJECT REVENUEDesc
Business900099BusinessCd
Total Revenue Column$2,933,346TotalRevenueColumnAmt
Related Or Exempt Func Income$2,933,346RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$2,933,346TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1TotalRevenueColumnAmt
Exclusion$1ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$26,815OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$113,261OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other-$86,446OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$86,446TotalRevenueColumnAmt
Exclusion-$86,446ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUSDesc
Business900099BusinessCd
Total Revenue Column$17,423TotalRevenueColumnAmt
Exclusion$17,423ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$17,423OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,014,324TotalRevenueColumnAmt
Related Or Exempt Func Income$2,933,346RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion-$69,022ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$3,755,200TotalAmt
Program Services$3,755,200ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$21,098TotalAmt
Management And General$21,098ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$27,919TotalAmt
Program Services$8,883ProgramServicesAmt
Management And General$19,036ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$78,687TotalAmt
Program Services$72,302ProgramServicesAmt
Management And General$6,385ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$4,849TotalAmt
Program Services$973ProgramServicesAmt
Management And General$3,876ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$17,672TotalAmt
Program Services$5,541ProgramServicesAmt
Management And General$12,131ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$49,729TotalAmt
Management And General$49,729ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$519,199TotalAmt
Program Services$466,863ProgramServicesAmt
Management And General$52,336ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$301TotalAmt
Program Services$262ProgramServicesAmt
Management And General$39ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$19,669TotalAmt
Program Services$9,744ProgramServicesAmt
Management And General$9,925ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$40,408TotalAmt
Program Services$18,909ProgramServicesAmt
Management And General$21,499ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total-$1,001TotalAmt
Management And General-$1,001ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$205,685TotalAmt
Program Services$170,856ProgramServicesAmt
Management And General$34,829ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$38,819TotalAmt
Management And General$38,819ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$5,423TotalAmt
Management And General$5,423ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
SURVEY COSTS$4,985$4,985
EQUIPMENT$2,068$1,000$1,068
TRAINING EXPENSES$2,054$640$1,414
RESPONDENT COSTS$1,465$1,465

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$4,061TotalAmt
Program Services$592ProgramServicesAmt
Management And General$3,469ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$4,798,290TotalAmt
Program Services$4,518,215ProgramServicesAmt
Management And General$280,075ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$374,461BOYAmt
EOY$54,061EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,561,946BOYAmt
EOY$242,890EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$139,754BOYAmt
EOY$285,058EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$8,131BOYAmt
EOY$8,167EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$3,003BOYAmt
EOY$8,868EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$113,728LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$71,305LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$164,954BOYAmt
EOY$42,423EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,252,249BOYAmt
EOY$641,467EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$132,799BOYAmt
EOY$307,266EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$132,799BOYAmt
EOY$307,266EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$948,853BOYAmt
EOY$91,311EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,170,597BOYAmt
EOY$242,890EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,119,450BOYAmt
EOY$334,201EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,252,249BOYAmt
EOY$641,467EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$1,783,966ReconcilationRevenueExpnssAmt
Other Changes In Net Assets-$1,283OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit Committee0AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$2,500CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,274,492CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,919,695CurrentTaxYearMinus1YearAmt
Current Tax Year$150,000CurrentTaxYearAmt
Total$3,346,687TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$383,934CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,249,020CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,375,079CurrentTaxYearMinus1YearAmt
Current Tax Year$2,933,346CurrentTaxYearAmt
Total$7,941,379TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$386,434CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,523,512CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,294,774CurrentTaxYearMinus1YearAmt
Current Tax Year$3,083,346CurrentTaxYearAmt
Total$11,288,066TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$706,113CurrentTaxYearMinus2YearsAmt
Total$706,113TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$951,085CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,294,259CurrentTaxYearMinus1YearAmt
Current Tax Year$2,048,730CurrentTaxYearAmt
Total$5,294,074TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$1,657,198CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,294,259CurrentTaxYearMinus1YearAmt
Current Tax Year$2,048,730CurrentTaxYearAmt
Total$6,000,187TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$5,287,879PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$5CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$10CurrentTaxYearMinus1YearAmt
Current Tax Year$1CurrentTaxYearAmt
Total$16TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$5CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$10CurrentTaxYearMinus1YearAmt
Current Tax Year$1CurrentTaxYearAmt
Total$16TotalAmt

Other Income509 OtherIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year$17,423CurrentTaxYearAmt
Total$17,423TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$386,434CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,523,517CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,294,784CurrentTaxYearMinus1YearAmt
Current Tax Year$3,100,770CurrentTaxYearAmt
Total$11,305,505TotalAmt
FieldValueIRS element (for citing)
First5 Years509Yes (X)First5Years509Ind

Schedule B IRS990ScheduleB

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$113,728OtherCostOrOtherBasisAmt
Depreciation$71,305DepreciationAmt
Book Value$42,423BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$42,423TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$3,100,770TotalRevEtcAuditedFinclStmtAmt
Other Revenue$86,446OtherRevenueAmt
Revenue Not Reported$86,446RevenueNotReportedAmt
Revenue Subtotal$3,014,324RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$3,014,324TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$4,884,736TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$86,446OtherExpensesIncludedAmt
Expenses Not Reported$86,446ExpensesNotReportedAmt
Expenses Subtotal$4,798,290ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$4,798,290TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:FOR THE YEAR ENDED DECEMBER 31, 2017 AND 2016, THE BUSARA CENTER 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 OF FIXED ASSETS INCLUDED IN EXPENSES ON THE AUDITED FINANCIAL STATEMENTS AND REPORTED ON FORM 990, PART VIII, LINE 7C. 86,446.
PART XII, LINE 2D - OTHER ADJUSTMENTS:LOSS ON DISPOSAL OF FIXED ASSETS INCLUDED IN EXPENSES ON THE AUDITED FINANCIAL STATEMENTS AND REPORTED ON FORM 990, PART VIII, LINE 7C. 86,446.

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (3 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
SUB-SAHARAN AFRICA00PROGRAM SERVICESTO 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.$625,362
SUB-SAHARAN AFRICA00GENERAL & ADMINISTRATIVE$183,087
SUB-SAHARAN AFRICA00GRANT TO RECIPIENT LOCATED IN REGION$3,755,200
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees0SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee0TotalEmployeeCnt
Subtotal Spent$4,563,649SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$4,563,649TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp

FieldValueIRS element (for citing)
RegionSUB-SAHARAN AFRICARegionTxt
Purpose Of GrantTO 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.PurposeOfGrantTxt
Cash Grant$3,755,200CashGrantAmt
Manner Of Cash DisbursementWIREMannerOfCashDisbursementTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt
Transfer To Foreign CorpYes (1)TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp Ownership0ForeignCorpOwnershipInd
Passive Foreign Investmest Co0PassiveForeignInvestmestCoInd
Foreign Partnership0ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationBUSARA CENTER U.S. PROVIDED A GRANT TO BASURA CENTER KEYNA, A RELATED ORGANIZATION. THE U.S. ORGANIZATION WORKS CLOSELY WITH BASURA CENTER KENYA TO ENSURE FUNDS ARE SPENT ON EDUCATIONAL ACTIVITIES.ExplanationTxt

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

FieldValueIRS element (for citing)
PersonJAMES VANCELPersonNm
Relationship With OrgJAMES VANCEL IS THE MANAGING DIRECTOR OF THE BUSARA CENTER.RelationshipWithOrgTxt
Loan PurposeADVANCE OF REIMBURSABLE EXPENSESLoanPurposeTxt
Loan From OrganizationYes (X)LoanFromOrganizationInd
Original Principal$8,167OriginalPrincipalAmt
Balance Due$8,167BalanceDueAmt
Default0DefaultInd
Board Or Committee ApprovalYes (1)BoardOrCommitteeApprovalInd
Written AgreementYes (1)WrittenAgreementInd
FieldValueIRS element (for citing)
Total Balance Due$8,167TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE 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 12CEACH 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 15ABUSARA 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'S COMPENSATION WAS JANUARY 2016.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
FORM 990, PART IX, LINE 11GPROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 5,000. MANAGEMENT AND GENERAL EXPENSES 42,121. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 47,121. SUBCONTRACTOR KENYA: PROGRAM SERVICE EXPENSES 315,378. MANAGEMENT AND GENERAL EXPENSES 10,215. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 325,593. TRANSLATION EXPENSE: PROGRAM SERVICE EXPENSES 5,556. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,556. SUBCONTRACTORS- NIGERIA: PROGRAM SERVICE EXPENSES 140,929. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 140,929.
FORM 990, PART XI, LINE 9:LOSS ON FOREIGN CURRENCY EXCHANGE -1,283.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1BUSARA CENTER FOR BEHAVIORAL ECONOMICSBusinessNameLine1Txt

Foreign Address ForeignAddress

FieldValueIRS element (for citing)
Address Line1DAYKIO PLAZA NGONGAddressLine1Txt
CityNAIROBICityNm
CountryKECountryCd
FieldValueIRS element (for citing)
Primary ActivitiesRESEARCH STUDIESPrimaryActivitiesTxt
Legal Domicile Foreign CountryKELegalDomicileForeignCountryCd
Exempt Code SectionN/AExemptCodeSectionTxt
Public Charity StatusN/APublicCharityStatusTxt
Direct Controlling NAN/ADirectControllingNACd
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (3 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
BUSARA CENTER FOR BEHAVIORAL ECONOMICS
B$3,755,200FMV
BUSARA CENTER FOR BEHAVIORAL ECONOMICS
O$43,919FMV
BUSARA CENTER FOR BEHAVIORAL ECONOMICS
P$808,449FMV

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