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Busara Center For Behavioral Economics Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 462695042 ✦ Princeton, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Busara Center For Behavioral Economics Inc?

Busara Center for Behavioral Economics Inc, located at 28 Spring St 193, Princeton, NJ 08542, is a nonprofit organization with a mission to advance and apply behavioral science in the pursuit of poverty alleviation. They carry out research in various fields, including analyzing existing datasets and preparing data for numerous publications and working papers. With a team of 3 individuals, they conduct studies in several locations such as Nairobi-Kenya, Trenton-New Jersey, Lagos-Nigeria, Delhi-India, Uganda, and Tanzania, aiming to contribute to the field of behavioral economics. The organization's projects focus on utilizing behavioral science to address societal challenges and improve well-being.


Official website here: www.busaracenter.org

What are the reviews and ratings of this charity?

**Charity Navigator Rating: 93% (Four-Star out of Four Stars)**

The Busara Center for Behavioral Economics Inc has achieved a high score of 93% on Charity Navigator, securing a Four-Star rating. This score primarily reflects its strong performance in Accountability & Finance. The organization stands out for having a predominantly independent board, stringent oversight practices, and effective financial management, notably with no noted material diversions of assets.

Among its strengths, the nonprofit demonstrates commendable fund allocation, directing 75.20% of its expenses towards its programs. However, there are concerns regarding fundraising efficiency, as indicated by a lower score in this category, signaling that fundraising may not be as cost-effective as desired. Despite this, the organization maintains solid financial ratios, highlighting its stability and operational capabilities.

Not Available.


This AI summary has been generated from information found on Charity Navigator.

Is Busara Center For Behavioral Economics Inc legitimate?

Busara Center For Behavioral Economics Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Busara Center For Behavioral Economics 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: $194,390
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,074,518

For more financial information, click here


Official website here: www.busaracenter.org

What is the mission statement of Busara Center For Behavioral Economics Inc?

The Busara Center for Behavioral Economics Inc is dedicated to advancing and applying behavioral science to combat poverty. They collaborate with researchers and organizations worldwide, including locations in Kenya, Nigeria, India, Uganda, and Tanzania. Their mission involves conducting studies to gather data for various publications and work papers, analyzing existing datasets for further experimentation and design, and contributing to poverty alleviation efforts. The center's activities aim to utilize behavioral science in various fields to bring about meaningful change.


Official website here: www.busaracenter.org

Who is the CEO of Busara Center For Behavioral Economics Inc?

Chaning Jang is the Chief Executive Officer of Busara Center For Behavioral Economics Inc. The CEO's salary of Busara Center For Behavioral Economics Inc is $140,004 and their total compensation is $153,557.


Official website here: www.busaracenter.org

What is the revenue of Busara Center For Behavioral Economics Inc?

Busara Center For Behavioral Economics Inc's revenue in 2022 was $10,244,235.


Official website here: www.busaracenter.org

Who are the executives of Busara Center For Behavioral Economics Inc and what are their salaries?

The average compensation at Busara Center For Behavioral Economics Inc during 2022 was $1,422,969. There are 3 employees and 6 volunteers at Busara Center For Behavioral Economics Inc.


Here are 10 key members and their salaries (Busara Center For Behavioral Economics Inc's CEO's salary is $140,004 and their total compensation is $153,557):


Chaning Jang (Chief Executive Officer)
  • Compensation: $140,004
  • Related: $0
  • Other: $13,553
Jeremy Place Shapiro (President)
  • Compensation: $40,833
  • Related: $0
  • Other: $0
James Hugh Vancel (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carolina Avila Trivelli (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anne Hillbrand Healy (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bonnie Awuor Okumu (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nira Jethani (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Johannes Andreas Haushofer (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelly Zhang (Research Scientist)
  • Compensation: $110,004
  • Related: $0
  • Other: $5,279
Stephen Wendel (Vice President In Projects)
  • Compensation: $105,150
  • Related: $0
  • Other: $15,135


Official website here: www.busaracenter.org

Where can I find the form 990 for Busara Center For Behavioral Economics Inc?

Busara Center For Behavioral Economics Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.busaracenter.org

Learn more at the official website: www.busaracenter.org

Mission Statement of Busara Center For Behavioral Economics Inc

Busara Center for Behavioral Economics Inc is an organization that focuses on leveraging behavioral science to combat poverty. They collaborate with researchers and various entities to apply this field of study in a practical manner, with ongoing projects in Nairobi, Kenya, Trenton, New Jersey, Lagos, Nigeria, Delhi, India, Uganda, and Tanzania. The organization's mission is to advance and utilize behavioral science to contribute towards poverty alleviation. Busara Center for Behavioral Economics Inc engages in various projects, conducting research to gather data for numerous publications and work papers. Furthermore, they analyze existing datasets for further experimentation and design, aiming to make a significant impact in their chosen fields.

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Impact




July, 2024

Busara Center For Behavioral Economics Inc's impact can be seen through the 121 active projects it ran in various fields applying behavioral science. The organization worked on conducting research to aid in data preparation for numerous publications and working papers. By analyzing existing datasets for further experimentation and design, Busara Center contributed to the advancement and application of behavioral science in pursuit of poverty alleviation. Their current studies span across locations such as Nairobi-Kenya, Trenton-New Jersey, Lagos-Nigeria, Delhi-India, Uganda, and Tanzania, showcasing a global impact in the field of behavioral economics.




This information is meant to be a general summary of Busara Center For Behavioral Economics 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.

Revenue
$10,244,235 (2022)
Expenses
$9,353,062 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $22,125
  • Program Service Revenue: $4,960,854
  • Gross Receipts: $10,244,235

Assets and Liabilities:

  • Total Assets: $9,240,998
  • Total Liabilities: $4,143,267
  • Net Assets: $5,097,731

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CONSULTING FEES

Revenue

$4,952,791

PROJECT REVENUE

Revenue

$6,000

WORKSHOP FEES

Revenue

$2,063

Organization Details

Founding Year

2013

Principal Officer

Chaning Jang

Main Address

28 SPRING ST 193, PRINCETON, NJ, 08542

NTEE Category

Code: Q30 - International

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