Civic Intelligence

International Business and Education Consultants Inc.

990 • Fiscal year 2023 • EIN 26-0645195

Sep 01, 2022 to Aug 31, 2023 • Filed on Mar 11, 2024

Organization ProfileWWW.IBECVENTURES.COM
1050 River RoadWashington Crossing, PA 18977

(908) 208-4809

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

58th percentile

7.5%

Higher net margin than 58% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

98th percentile

$116,100

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 47.7% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

53rd percentile

2.3%

Faster asset growth than 53% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

56th percentile

10%

Faster revenue growth than 56% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$253,005

Up $5,625 (+2.3%) from 2022

Net Assets

Up

$253,005

Up $6,329 (+2.6%) from 2022

Liabilities

Down

$0

Down $704 (-100%) from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin58th percentile

Revenue

Up

$243,259

Up $22,840 (+10%) from 2022

Expenses

Up

$225,089

Up $24,154 (+12%) from 2022

Net Income

Down

$18,170

Down $1,314 (-6.7%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2014: $124,579Liabilities 2014: $0Net Assets 2014: $124,5792014Assets 2016: $51,103Liabilities 2016: $0Net Assets 2016: $51,1032016Assets 2017: $27,879Liabilities 2017: $0Net Assets 2017: $27,8792017Assets 2018: $80,406Liabilities 2018: $0Net Assets 2018: $80,4062018Assets 2019: $102,136Liabilities 2019: $0Net Assets 2019: $102,1362019Assets 2020: $155,368Liabilities 2020: $0Net Assets 2020: $155,3682020Assets 2021: $245,471Liabilities 2021: $668Net Assets 2021: $244,8032021Assets 2022: $247,380Liabilities 2022: $704Net Assets 2022: $246,6762022Assets 2023: $253,005Liabilities 2023: $0Net Assets 2023: $253,0052023Assets 2024: $296,840Liabilities 2024: $0Net Assets 2024: $296,8402024Assets 2025: $287,606Liabilities 2025: $0Net Assets 2025: $287,6062025

Highlighted filing

2023

Assets$253,005
Liabilities$0
Net Assets$253,005
Open 2023 Filing

Operations Trend

Revenue Growth56th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2014: $132,008Expenses 2014: $167,720Net Income 2014: -$35,7122014Revenue 2016: $161,668Expenses 2016: $198,625Net Income 2016: -$36,9572016Revenue 2017: $169,370Expenses 2017: $192,594Net Income 2017: -$23,2242017Revenue 2018: $229,044Expenses 2018: $176,517Net Income 2018: $52,5272018Revenue 2019: $195,473Expenses 2019: $173,743Net Income 2019: $21,7302019Revenue 2020: $228,566Expenses 2020: $175,334Net Income 2020: $53,2322020Revenue 2021: $258,476Expenses 2021: $169,041Net Income 2021: $89,4352021Revenue 2022: $220,419Expenses 2022: $200,935Net Income 2022: $19,4842022Revenue 2023: $243,259Expenses 2023: $225,089Net Income 2023: $18,1702023Revenue 2024: $257,562Expenses 2024: $236,285Net Income 2024: $21,2772024Revenue 2025: $209,548Expenses 2025: $223,605Net Income 2025: -$14,0572025

Highlighted filing

2023

Revenue$243,259
Expenses$225,089
Net Income$18,170
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
Mar 11, 2024
Return Version
2022v5.0
Gross Receipts
$298,119
Mission and Program Overview

Mission

The organization helps build sustainable businesses through leadership training, education, and consulting expertise to emerging businesses in developing countries that change lives and transforms communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$92,804$141,385▲ $48,581
Savings and Temporary Cash Investments$154,576$111,620▼ $42,956
Total Assets$247,380$253,005▲ $5,625
Liabilities
Accounts Payable and Accrued Expenses$704$0▼ $704
Total Liabilities$704$0▼ $704
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$205,031$232,791▲ $27,760
Net Assets With Donor Restrictions$41,645$20,214▼ $21,431
Total Net Assets Fund Balance$246,676$253,005▲ $6,329
Total Liabilities and Net Assets / Fund Balance$247,380$253,005▲ $5,625
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Robert O BushManaging DirectorFT$116,100$116,100

Board Members and Trustees

NameTitle
Don WorthingtonPresident
Carolyne HartDirector
Don SimmonsDirector
Larry SharpDirector
Marvin ProcterDirector
Dave KierSecretary
Chris BakerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$215,356
Program Service Revenue
$22,486
Investment Income
$5,417
Other Revenue
$0
All Other Contributions
$215,356
Change in Net Assets
$18,170

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$110,364Fair Market Value
Total Noncash Contributions3$110,364-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$132,804
Other Expenses$92,285
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$119,523$13,281-$132,804
Fees for Services Other$29,777--$29,777
Conferences and Meetings$9,374--$9,374
Fees for Services Accounting-$7,855-$7,855
Travel-$2,840-$2,840
Office Expenses-$1,646-$1,646
Information Technology$1,274--$1,274
Insurance-$1,249-$1,249
Fees for Service Investment Mgmnt Fees-$857-$857
Other Expenses$2,951$819-$819
Advertising$212--$212
Total Functional Expenses$196,542$28,547$0$225,089
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The 990 is provided to the board of directors electronically for review and approval. After a period of time and it is approved by the board, the 990 is filed with the irs.”

Form 990, Part VI, Section B, Line 12C

“The board of directors are required to annually disclose any conflicts of interest annually. Any potential conflicts of interest are reviewed by management and the board before business is undertaken.”

Form 990, Part VI, Section B, Line 15A

“The board of directors determines and approves the compensation of the managing director by recommendation of a recruitment consultant who uses comparability data.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Ibec Ventures
EIN
26-0645195
Phone
9082084809
Address
1050 RIVER ROAD, WASHINGTON CROSSING, PA 18977

Signing Officer

Name
Don Worthington
Title
President
Phone
2157668697
Signed
2024-03-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Don Worthington
Formed
2006
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
7
Employees
1
Volunteers
25

Preparer

Firm
Dunlapslk Pc
Address
1300 HORIZON DRIVE SUITE 106, CHALFONT, PA 18914
Preparer
Andrew T Przyuski
Phone
2675943755
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consulting: program service expenses 29,777. Management and general expenses 0. Fundraising expenses 0. Total expenses 29,777.”

Financial Statement Notes

PART X, LINE 2:

“The organization accounts for uncertainty in income taxes using a recognition threshold of morelikelythan not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold is met. Management determined there were no tax uncertainties that met the recognition threshold in the current and prior year.”

Raw XML AppendixShowing 400 of 416 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt063979
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0217114
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0228399
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0191948
IRS990ScheduleA/Total509Grp/TotalAmt01129457
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IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORELIKELYTHAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD IS MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN THE CURRENT AND PRIOR YEAR.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
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IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS PROVIDED TO THE BOARD OF DIRECTORS ELECTRONICALLY FOR REVIEW AND APPROVAL. AFTER A PERIOD OF TIME AND IT IS APPROVED BY THE BOARD, THE 990 IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS ARE REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST ANNUALLY. ANY POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED BY MANAGEMENT AND THE BOARD BEFORE BUSINESS IS UNDERTAKEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS DETERMINES AND APPROVES THE COMPENSATION OF THE MANAGING DIRECTOR BY RECOMMENDATION OF A RECRUITMENT CONSULTANT WHO USES COMPARABILITY DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONSULTING: PROGRAM SERVICE EXPENSES 29,777. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 29,777.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$253,005
Liabilities
$0
Net assets
$253,005
Revenue
$243,259
Expenses
$225,089
Net income
$18,170
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.88$0.00$2.88$2.10$2.24$0.14
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.97$0.00$2.97$2.58$2.36$0.21
2023Detailed filing. Detailed filing data is available for this year.$2.53$0.00$2.53$2.43$2.25$0.18
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.47$0.01$2.47$2.20$2.01$0.19
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.45$0.01$2.45$2.58$1.69$0.89
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.55$0.00$1.55$2.29$1.75$0.53
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.00$1.02$1.95$1.74$0.22
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.80$0.00$0.80$2.29$1.77$0.53
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.00$0.28$1.69$1.93$0.23
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.51$0.00$0.51$1.62$1.99$0.37
2014Detailed filing. Detailed filing data is available for this year.$1.25$0.00$1.25$1.32$1.68$0.36