2018-11-14T13:19:42-06:00 2017-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 650N BETHESDA MD 208142930 990 2017-01-01 462695042 BUSARA CENTER FOR BEHAVIORAL ECONOMICS BUSA 3107803560 PO BOX 1340 PRINCETON NJ 08540 JAMES VANCEL MANAGING DIRECTOR 3107803560 2018-11-14 1 3019519090 75.103.231.202 2018-11-14 14:19:36 ES P 3D96F52C84D952BE9074EBE015F3F361DE97422D 9E8AE8B514D056DB2AF347E03420503FF9C9E9F8 2017 2019-02-21 02:37:17Z JAMES VANCEL PO BOX 1340 PRINCETON NJ 08540 3127585 0 X WWW.BUSARACENTER.ORG X 2013 MA SEE PART III, LINE 1. 4 1 2 1 0 0 1919695 150000 3375079 2933346 10 -86445 0 17423 5294784 3014324 3253000 3755200 0 0 76332 132553 0 0 0 686313 910537 4015645 4798290 1279139 -1783966 2252249 641467 132799 307266 2119450 334201 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 4518215 3755200 2933346 COLLECTION, 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. 4518215 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 10 0 1 2 1 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 2.00 38.00 X X 0 78327 2880 CHANING JANG ASSOCIATE SCIENTIFIC DIRECTOR 2.00 38.00 X X 0 70766 6072 JEREMY SHAPIRO PRESIDENT 1.00 19.00 X 11666 0 480 JOHANNES HAUSHOFER SCIENTIFIC DIRECTOR 1.00 1.00 X 0 0 0 11666 149093 9432 0 0 0 0 INNOVATIONS FOR POVERTY ACTION 101 WHITNEY 2ND FLOOR NEW HAVEN CT 06510 RESEARCH STUDIES 209024 1 150000 150000 PROJECT REVENUE 900099 2933346 2933346 2933346 1 1 26815 113261 -86446 -86446 -86446 MISCELLANEOUS 900099 17423 17423 17423 3014324 2933346 0 -69022 X 3755200 3755200 21098 21098 27919 8883 19036 78687 72302 6385 4849 973 3876 17672 5541 12131 49729 49729 519199 466863 52336 301 262 39 19669 9744 9925 40408 18909 21499 -1001 -1001 205685 170856 34829 38819 38819 5423 5423 SURVEY COSTS 4985 4985 EQUIPMENT 2068 1000 1068 TRAINING EXPENSES 2054 640 1414 RESPONDENT COSTS 1465 1465 4061 592 3469 4798290 4518215 280075 0 374461 54061 1561946 242890 139754 285058 8131 8167 3003 8868 113728 71305 164954 42423 2252249 641467 132799 307266 132799 307266 X 948853 91311 1170597 242890 2119450 334201 2252249 641467 X -1783966 -1283 X 0 1 X 0 0 X 2500 1274492 1919695 150000 3346687 383934 1249020 3375079 2933346 7941379 386434 2523512 5294774 3083346 11288066 706113 706113 951085 2294259 2048730 5294074 1657198 2294259 2048730 6000187 5287879 5 10 1 16 5 10 1 16 17423 17423 386434 2523517 5294784 3100770 11305505 X 113728 71305 42423 42423 X 3100770 86446 86446 3014324 0 3014324 4884736 86446 86446 4798290 0 4798290 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. 1 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES 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. 625362 SUB-SAHARAN AFRICA 0 0 GENERAL & ADMINISTRATIVE 183087 SUB-SAHARAN AFRICA 0 0 GRANT TO RECIPIENT LOCATED IN REGION 3755200 0 0 0 0 0 0 4563649 0 4563649 SUB-SAHARAN AFRICA 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. 3755200 WIRE 1 0 1 0 0 0 0 0 PART I, LINE 2: BUSARA 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. JAMES VANCEL JAMES VANCEL IS THE MANAGING DIRECTOR OF THE BUSARA CENTER. ADVANCE OF REIMBURSABLE EXPENSES X 8167 8167 0 1 1 8167 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'S COMPENSATION WAS JANUARY 2016. 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 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. BUSARA CENTER FOR BEHAVIORAL ECONOMICS DAYKIO PLAZA NGONG NAIROBI KE RESEARCH STUDIES KE N/A N/A N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 BUSARA CENTER FOR BEHAVIORAL ECONOMICS B 3755200 FMV BUSARA CENTER FOR BEHAVIORAL ECONOMICS O 43919 FMV BUSARA CENTER FOR BEHAVIORAL ECONOMICS P 808449 FMV