Overview
What is Global Business Coalition For Education Inc?
Global Business Coalition for Education Inc is a nonprofit organization, headquartered in New York City, that leverages the collective influence of businesses, governments, international organizations, NGOs, youth, and other stakeholders to contribute to the United Nations' Sustainable Development Goal of ensuring free, equitable, and inclusive quality education for all. Their mission is to provide young people with the best possible start in life, a safe learning environment, and essential skills for their future. The coalition operates by collaborating with a growing network of business partners to develop strategies and programs that support education globally, focusing on Environmental, Social, and Governance (ESG) and social impact, humanitarian relief, youth skills development, and early years education. In 2022, the organization made significant strides in all its key initiatives, delivering major accomplishments to advance its mission. For instance, it launched the Digital Equity for Ukraine initiative, a partnership with HP Inc. and Microsoft, to provide laptops to children and teachers in need, and it hosted the inaugural Big Ideas, Bright Cities Challenge to help solve education-related issues in the United States.
Official website here: www.gbc-education.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Global Business Coalition For Education Inc has received an impressive Four-Star rating from Charity Navigator, indicating a strong performance in accountability and finance, as well as a commitment to effective leadership and community engagement. With an overall score of 97%, the organization showcases a robust financial health as evidenced by a program expense ratio of 95.58%, ensuring that a significant portion of its funding is directed towards its mission.
The nonprofit boasts exceptional accountability, with 100% of its board being independent members and a clean record regarding material diversion of assets. Furthermore, it maintains transparent governance practices, including comprehensive policies on conflict of interest and whistleblower protections. This level of diligence fosters trust and confidence among stakeholders.
Additionally, Global Business Coalition For Education Inc excels in leadership and adaptability. With perfect scores in both categories, the organization demonstrates a strong investment in developing its leadership capabilities, contributing to its resilience and effectiveness in addressing educational challenges globally. Overall, the data reflects a well-managed and impactful organization with a clear dedication to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Global Business Coalition For Education Inc legitimate?
Global Business Coalition For Education Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Global Business Coalition For Education 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $575,492
For more financial information, click here
Official website here: www.gbc-education.org
What is the mission statement of Global Business Coalition For Education Inc?
The Global Business Coalition for Education Inc. is a movement that brings together businesses, governments, international organizations, non-governmental organizations, youth, and other stakeholders with a shared commitment to ending the global education crisis. Their mission is to ensure that every young person has a solid start in life, a safe learning environment, and the necessary skills for their future. Leveraging the collective power of its members, GBC-Education works towards achieving the Sustainable Development Goal of providing free, equitable, and inclusive quality education for all. The organization strives to ensure that education is accessible, equitable, and of high quality for all young people worldwide.
Official website here: www.gbc-education.org
Who is the CEO of Global Business Coalition For Education Inc?
Justin W Van Fleet is the Exec. Chair, Director of Global Business Coalition For Education Inc.
Official website here: www.gbc-education.org
What is the revenue of Global Business Coalition For Education Inc?
Global Business Coalition For Education Inc's revenue in 2022 was $2,335,994.
Official website here: www.gbc-education.org
Who are the executives of Global Business Coalition For Education Inc and what are their salaries?
The average compensation at Global Business Coalition For Education Inc during 2022 was $52,317. There are 11 employees and 5 volunteers at Global Business Coalition For Education Inc.
Here are 8 key members and their salaries:
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- Compensation: $176,478
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- Other: $21,966
- Compensation: $140,747
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- Other: $28,391
- Compensation: $131,394
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- Other: $10,257
Official website here: www.gbc-education.org
Where can I find the form 990 for Global Business Coalition For Education Inc?
Global Business Coalition For Education Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gbc-education.org
Learn more at the official website: www.gbc-education.org
Mission Statement of Global Business Coalition For Education Inc
The Global Business Coalition for Education Inc is a movement driven by businesses with a shared commitment to addressing the world's most pressing global education issues. Their mission is to ensure that every young person starts their life on a solid footing, has a secure learning environment, and acquires the necessary skills for their future. This nonprofit organization leverages the collective power of various stakeholders, including businesses, governments, international organizations, non-governmental organizations, youth, and others, to achieve the United Nations' Sustainable Development Goal of providing free, equitable, and inclusive quality education for all. By doing so, the Global Business Coalition for Education Inc aims to contribute significantly to resolving the global education crisis.
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Impact
July, 2024
The Global Business Coalition for Education Inc has made a significant impact in various areas related to education. The organization works with a wide array of stakeholders, including businesses, governments, NGOs, and youth, to achieve the sustainable development goal of free, equitable, and inclusive quality education for all.
In the ESG and Social Impact initiative, the organization developed the Business Investment for Education Impact Initiative (BIEI) in partnership with the BHP Foundation. This initiative aims to strengthen the network of businesses engaged in education by consolidating best practices, sharing evidence-based tools, and improving engagement between the private and education sectors. GBC-Education published a groundbreaking report that highlighted the link between education and ESG practices, driving new investments in ESG that promote equity in education and address corporate issues.
In terms of humanitarian relief, the organization launched the Digital Equity for Ukraine initiative, a $30 million partnership with HP Inc. and Microsoft to provide laptops to children, teachers, and schools in Ukraine and neighboring countries. This effort has enabled displaced and refugee Ukrainian children to continue their education and stay connected with the world.
For youth skills development, GBC-Education initiated the Big Ideas, Bright Cities Challenge in the United States to address youth unemployment and underemployment. The challenge encouraged cities to develop innovative ideas to equip young people with the skills needed for the workforce. Grant funding was awarded to finalists, with one organization receiving a $100,000 grant to support young people from low-income backgrounds in gaining work experience.
Additionally, the organization launched an Early Years initiative to engage businesses in supporting early childhood development and education through the Global Act for Early Years campaign.
Overall, Global Business Coalition for Education Inc's efforts have been instrumental in advancing education globally and empowering young people with the skills needed for a brighter future.
This information is meant to be a general summary of Global Business Coalition For Education 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: $989
- Gross Receipts: $2,335,994
Assets and Liabilities:
- Total Assets: $2,852,615
- Total Liabilities: $185,811
- Net Assets: $2,666,804
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Organization Details
Founding Year
2012
Phone
(212) 993-1124Principal Officer
Justin W Van Fleet
Main Address
599 LEXINGTON AVENUE FL 23, NEW YORK, NY, 10022
Website
www.gbc-education.orgNTEE Category
Code: B12 - Education
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