Overview
What is Nbi Inc?
Nbi Inc, also known as the National Business Institute, is a nonprofit organization located at 1218 McCann Drive, Altoona, Wisconsin, 54720. With a team of 119 dedicated employees, they aim to provide educational assistance and services to various sectors. Their initiatives cater to the continuing education needs of professionals such as lawyers, accountants, paraprofessionals, hospital administrators, teachers, school administrators, and financial planning professionals. The presenters for these educational programs are qualified professionals who often receive nominal compensation. Participants in these programs receive written materials prepared by the presenters, as well as training. Nbi Inc's mission extends to supporting public and private schools and teachers, private industry, students, and professionals to enhance education and assist other charitable and educational organizations with similar objectives.
Official website here: www.nbi-sems.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
NBI Inc has received a two-star rating from Charity Navigator, indicating that while the organization shows strong accountability and finance practices, there are significant concerns regarding its governance. The organization scored 100% in accountability and finance, demonstrating a solid management of its resources and financial structure. However, it lacks independent board members, which raises questions about its oversight and decision-making processes.
While NBI Inc maintains a good program expense ratio of 72.36%, suggesting that a majority of its expenditures are directed towards its programs, it faces limitations in transparency. The absence of financial statements and a tax form on its website detracts from its overall score, indicating potential issues with public accessibility to critical financial information.
The organization does have policies in place for conflict of interest, whistleblower protection, and document retention, all of which contribute positively to its governance framework. However, the lack of independent oversight and critical financial disclosures may hinder trust among stakeholders and the general public.
This AI summary has been generated from information found on Charity Navigator.
Is Nbi Inc legitimate?
Nbi Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nbi Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $611,062
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,801,225
For more financial information, click here
Official website here: www.nbi-sems.com
What is the mission statement of Nbi Inc?
Nbi Inc is dedicated to enhancing education through the provision of educational assistance and services. They cater to various audiences, including public and private schools, teachers, industry professionals, students, and other charitable and educational organizations. Their mission encompasses presenting continuing education programs for professionals such as lawyers and accountants, as well as creating content for other professionals like hospital administrators, teachers, school administrators, and financial planning professionals. Qualified experts design and deliver these programs, with some receiving minimal compensation. Participants receive written materials prepared by the presenter as part of their training. In 2022, Nbi Inc presented approximately 1,750 educational programs.
Official website here: www.nbi-sems.com
Who is the CEO of Nbi Inc?
Allison Schindler is the Vice President of Nbi Inc.
Official website here: www.nbi-sems.com
What is the revenue of Nbi Inc?
Nbi Inc's revenue in 2022 was $20,479,149.
Official website here: www.nbi-sems.com
Who are the executives of Nbi Inc and what are their salaries?
The average compensation at Nbi Inc during 2022 was $45,481. There are 119 employees at Nbi Inc.
Here are 6 key members and their salaries:
- Compensation: $163,882
- Related: $0
- Other: $59,300
- Compensation: $97,408
- Related: $0
- Other: $43,697
- Compensation: $130,663
- Related: $0
- Other: $40,528
- Compensation: $124,241
- Related: $0
- Other: $55,649
- Compensation: $115,600
- Related: $0
- Other: $16,874
- Compensation: $124,463
- Related: $0
- Other: $26,738
Official website here: www.nbi-sems.com
Where can I find the form 990 for Nbi Inc?
Nbi Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nbi-sems.com
Learn more at the official website: www.nbi-sems.com
Mission Statement of Nbi Inc
Nbi Inc, a dedicated organization, is committed to enhancing education through the provision of educational assistance and services. With a mission to make a difference, Nbi Inc focuses on catering to the needs of public and private schools, school teachers, private industry, students, and professionals. Their ultimate goal is to improve education and lend support to other charitable and educational institutions engaged in similar activities.
Throughout the year 2022, Nbi Inc presented approximately 1,750 educational programs. These programs addressed the continuing education requirements for various professionals such as lawyers and accountants. Moreover, Nbi Inc provided legal content for other professionals including hospital/clinic administrators, teachers, school administrators, and financial planning professionals. Each program's content was designed and presented by qualified professionals, the majority of whom worked on a nominal compensation basis, if any. Registrants for these programs received written materials prepared by the presenter, in addition to the training imparted.
Nbi Inc's initiatives go beyond just serving professionals. They play a pivotal role in catering to the educational needs of various communities, ensuring that knowledge is accessible and beneficial for all. By offering well-crafted educational programs, Nbi Inc contributes significantly to the professional development of individuals, thereby facilitating growth and progress in their respective fields.
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Impact
October, 2024
NBI Inc has a significant impact in the field of education by providing a wide range of educational programs designed to enhance the knowledge and skills of various professionals. In 2022 alone, NBI Inc presented approximately 1,750 educational programs, addressing the continuing education needs of lawyers, accountants, and paraprofessionals. This extensive offering also included legal content for other professionals, such as hospital and clinic administrators, teachers, school administrators, and financial planning professionals.
The organization’s approach is notable for its dedication to quality and relevance, as programs are developed and delivered by qualified professionals, ensuring that participants receive high-quality training. Each registrant benefits from written materials prepared by the presenters, further enhancing the educational experience. By catering to both public and private sectors, NBI Inc plays a crucial role in promoting professional development, ultimately contributing to improved standards of education and practice across various fields.
This information is meant to be a general summary of Nbi Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $24,858
- Program Service Revenue: $20,402,441
- Gross Receipts: $20,479,149
Assets and Liabilities:
- Total Assets: $29,158,363
- Total Liabilities: $4,396,563
- Net Assets: $24,761,800
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION FEES
Revenue
$19,343,476
EDUCATIONAL CONTENT LICENSE
Revenue
$1,058,965
Organization Details
Founding Year
1995
Phone
(715) 835-8525Principal Officer
Allison Schindler
Main Address
1218 MCCANN DRIVE, ALTOONA, WI, 54720
Website
www.nbi-sems.comNTEE Category
Code: B60 - Education
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