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WORLD BUSINESS ACADEMY

Santa Barbara, CA   |  http://worldbusiness.org
GuideStar Charity Check

WORLD BUSINESS ACADEMY

EIN: 94-3058028


Mission

The World Business Academy's Mission is to inspire business to assume responsibility for the whole of society and assist those who share our values to create a better world. The Academy operates under two guiding principles: Business is the most powerful institution in society today, and business has a unique responsibility to achieve a sustainable future for the planet. Our purpose is to bring this message to business leaders, students, and the public at large to shift the prevailing business paradigm away from non-renewable practices to sustainable solutions for critical issues that currently challenge humanity. In other words, Share the Vision… Build the Network … Heal the Planet.

Ruling year info

1988

Founding President & CEO

Rinaldo S. Brutoco

Main address

1101 Anacapa Street Suite 200

Santa Barbara, CA 93101 USA

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EIN

94-3058028

Subject area info

Graduate and professional education

Economic development

Business promotion

International development

Population served info

Children and youth

Adults

Families

Parents

Non-adult children

Show more populations served

NTEE code info

Graduate, Professional(Separate Entities) (B50)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Affiliations

See related organizations info

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Close Diablo Canyon Campaign & Moonshot Project

The last remaining nuclear power plant in California is located near Avila Beach in San Luis Obispo County on the pristine central coast, just upwind of some of the best agricultural land in the world. It sits atop four active fault lines in a historic tsunami zone and poses a risk for a Fukushima-style disaster. Our research suggests it may be sickening and killing residents who live in the surrounding area. It must be closed now. If the Diablo Canyon nuclear power plant were to melt down in a similar pattern as the 2011 disaster in Fukushima, Japan, the fallout could contaminate a huge swath of the Central Coast.

The Academy is teaming up with local and national groups to continue to build upon the already significant pressure to close the Diablo Canyon plant.

Population(s) Served

SBR3 stands for “Santa Barbara Reliable, Resilient, and Renewable”: the creation of a scalable, efficient, and resilient microgrid energy system using local renewable energy resources for communities in Santa Barbara County.

Population(s) Served

The Optimist Daily is a daily newsletter curated from a repository of solutions-focused, good news from around the world to sip on with your first cuppa’ each morning.

You can also Read or Listen to The Optimist Daily any time, day or night, on our website. We have a searchable library containing thousands of good news and solutions-focused articles, and also a library of our Podcast, The Optimist Daily Update. These two libraries will grow as time goes on.

Our vision is to shift human consciousness by catalyzing 100,000,000 people to start each day with a positive, solution-oriented mindset.

Our purpose is to create an optimistic, mobilized, and solutions-focused global society committed to making the world a healthier place for both people and the planet.

Our mission is to provide a daily dose of optimism in the form of solutions-focused, good news that you can enjoy and share with those you care for.

Population(s) Served
Families
Women and girls
Men and boys
Academics
Activists

Where we work

Awards

Top Rated 2014

Great Nonprofits

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of clients placed in internships

This metric is no longer tracked.
Totals By Year
Type of Metric

Other - describing something else

Direction of Success

Holding steady

Hours of legal assistance offered

This metric is no longer tracked.
Totals By Year
Type of Metric

Context - describing the issue we work on

Direction of Success

Holding steady

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

The Academy's purpose is to transition the planetary energy system off of fossil fuels and nuclear power.

The Academy brings together business and thought leaders to formulate solutions to climate change that are safe, sustainable, and socially just. We then put those solutions into action through legal action, advocacy, and citizen education.

The Academy's team has years of legal, academic, communication, and community organization expertise.

Ending Nuclear Power:

- Helped permanently close the San Onofre Nuclear Generating Station (SONGS) and won a significantly larger refund for ratepayers than originally proposed (Plant retirement announced June 2013; initial $94-million settlement rejected; settlement of $1.4-billion reached March 27, 2014).

- Sponsored health study on residents in San Luis Obispo and Santa Barbara Counties living near Diablo Canyon Nuclear Reactors, the results of which showed higher rates of cancer


Community Outreach/Education:

- Brought business organizations, policy makers, and citizens together for a public forum on Santa Barbara's 100% renewable energy future called "How to Power Paradise"

- Sponsored letter-writing and signature campaigns to demonstrate support of SBR3 to local and state representatives and agencies

- Coordinated rallies to oppose dirty gas-fired power plants

- Hosted monthly meetings to educate and engage public on renewable energy initiatives and build local political power

- Published numerous books and articles on sustainable solutions to climate change


Santa Barbara Microgrid (SBR3):

- Launched SBR3: Santa Barbara Reliable, Resilient, Renewable project utilizing microgrid technology for Santa Barbara (scalable for other communities) (2015)

- Participated as an intervening part in hearings before Public Utilities Commission to advocate for distributed renewable energy resources in Santa Barbara

- Involved in ongoing high-level discussions with utility companies, traditional and non-traditional energy suppliers, PUC members, and their staffs

- Initiated collaborative dialogues with school districts, UCSB, non-profits, businesses, and individuals to advance the goal of 100% renewable energy in Santa Barbara

- Researched means of powering Santa Barbara's desalinization plant with renewable energy to help reduce costs for ratepayers

Financials

WORLD BUSINESS ACADEMY
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

0.03

Average of 0.03 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

0.9

Average of 1.1 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

24%

Average of 15% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

WORLD BUSINESS ACADEMY

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

WORLD BUSINESS ACADEMY

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

WORLD BUSINESS ACADEMY

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of WORLD BUSINESS ACADEMY’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation -$395,555 $405,227 $817,098 $7,775,182 -$187,667
As % of expenses -66.5% 100.7% 198.9% 593.2% -25.2%
Unrestricted surplus (deficit) after depreciation -$401,700 $398,852 $810,542 $7,768,854 -$198,403
As % of expenses -66.9% 97.5% 194.2% 589.9% -26.3%
Revenue composition info
Total revenue (unrestricted & restricted) $198,942 $457,974 $657,152 $9,085,888 $1,910,669
Total revenue, % change over prior year -78.8% 130.2% 43.5% 1282.6% -79.0%
Program services revenue 32.5% 9.1% 57.0% 3.1% 8.8%
Membership dues 20.5% 1.3% 1.9% 0.0% 2.1%
Investment income 0.0% 0.0% 0.1% 0.0% 2.4%
Government grants 0.0% 0.0% 0.6% 0.5% 0.0%
All other grants and contributions 46.9% 89.8% 40.4% 96.4% 86.7%
Other revenue 0.2% -0.2% 0.0% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $594,497 $402,556 $410,777 $1,310,704 $744,853
Total expenses, % change over prior year -35.8% -32.3% 2.0% 219.1% -43.2%
Personnel 16.5% 19.0% 30.8% 12.8% 21.9%
Professional fees 47.3% 31.4% 40.9% 9.3% 22.1%
Occupancy 12.4% 17.0% 9.8% 7.2% 7.0%
Interest 4.5% 2.1% 1.0% 1.2% 11.3%
Pass-through 0.8% 1.2% 3.8% 0.0% 0.0%
All other expenses 18.5% 29.3% 13.7% 69.5% 37.7%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $600,642 $408,931 $417,333 $1,317,032 $755,589
One month of savings $49,541 $33,546 $34,231 $109,225 $62,071
Debt principal payment $6,559 $6,880 $4,867 $0 $0
Fixed asset additions $0 $0 $0 $7,740,001 $0
Total full costs (estimated) $656,742 $449,357 $456,431 $9,166,258 $817,660

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 0.4 1.0 5.1 0.1 0.9
Months of cash and investments 0.5 1.0 5.1 0.1 0.9
Months of estimated liquid unrestricted net assets -43.2 -52.2 -27.3 -8.2 -17.5
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $19,208 $31,947 $174,260 $16,114 $55,787
Investments $4,982 $0 $0 $0 $0
Receivables $51,367 $424,647 $1,071,962 $970,500 $1,015,628
Gross land, buildings, equipment (LBE) $140,708 $146,140 $146,140 $7,886,141 $7,748,166
Accumulated depreciation (as a % of LBE) 81.2% 82.6% 87.1% 1.7% 0.1%
Liabilities (as a % of assets) 2134.0% 449.6% 172.3% 21.6% 24.9%
Unrestricted net assets $0 $0 $0 $6,854,609 $6,656,206
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $0 $0 $0 $0 $0
Total net assets -$2,123,639 -$1,724,787 -$914,245 $6,854,609 $6,656,206

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Founding President & CEO

Rinaldo S. Brutoco

Rinaldo S. Brutoco is a successful entrepreneur, executive, author and futurist, and the Founding President of the World Business Academy. Rinaldo has published numerous cutting-edge articles and books that address the role and responsibility of business in relation to the critical moral, environmental, and social concerns of the day. A regular keynote speaker at conferences and guest lecturer at business schools such as Stanford Business School, the Columbia Graduate School of Business, the Kellogg Graduate Business School at Northwestern University, and the Keenan-Flagler Graduate School of Business at North Carolina Univeristy for over 25 years, Rinaldo is widely recognized as a practical visionary and change agent.

Rinaldo is President of the Chopra Foundation, Chairman of the Unstoppable Foundation, and serves on the board of the JUST Capital Foundation. Rinaldo has served on the Board of Directors of the $2.5 billion market capitalization men's clothing company, Men's Wearhouse, since its IPO in 1992 and has served on numerous non-profit boards, including the Gorbachev Foundation of North America.

Mr. Brutoco is an economics and business expert specializing in energy policy, renewable energy, finance, innovation, and adaptation strategies for climate change. For almost thirty years he has been an international leader in advancing the nature of good corporate governance, corporate accountability, business transparency, and ways that corporations can fulfill their social compact by providing goods and services that the public needs and wants in appropriate, and financially prudent ways. He received a Congressional Commendation to this effect in October, 2010 for his outstanding contributions to the field of corporate responsibility.

Number of employees

Source: IRS Form 990

WORLD BUSINESS ACADEMY

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

WORLD BUSINESS ACADEMY

Board of directors
as of 05/06/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Rinaldo Brutoco

World Business Academy

Rinaldo Brutoco

World Business Academy

Diane Cirincione

Attitudinal Healing International

Marie Case

Praemia Group

Blaine Bartlett

Avatar Resources, Inc.

Bill Moss

KeVita Probiotic Drinks Inc

Dawa Tarchin Phillips

Empowerment Holdings, LLC

Organizational demographics

SOURCE: Self-reported; last updated 4/16/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

No data

Contractors

Fiscal year ending

Professional fundraisers

Fiscal year ending

SOURCE: IRS Form 990 Schedule G

Solicitation activities
Gross receipts from fundraising
Retained by organization
Paid to fundraiser