Worldwide Broker Network US INC FY2021 filing

San Francisco, CAUnknown exempt organizationSince 2010 EIN 27-3773821Revenue $4.0M in FY2021

On file with the IRSwbnglobal.com315 Montgomery St Ste 900 · San Francisco, CA

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Worldwide Broker Network provides forums for contact, exchange of ideas, Network performance monitoring and review for various privately held insurance brokers.

93¢ of each $1 spent went to programs.
$1.3M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $145K a year · 3% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.3M
to officers and key staff · 34% of spending
Concern: pay to officers and key staff is 34% of spending; over 30%.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$193K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.0M
+6% vs prior year
Spent
$3.9M
To programs
93%
Net assets
$1.5M
By yearFY2020–FY2024
Revenue
$4.0M
FY2021▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.8M
FY2021$4.0M
FY2022$6.2M
FY2023$7.5M
FY2024$7.0M
Expenses
$3.9M
FY2021▲ +33%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.9M
FY2021$3.9M
FY2022$6.1M
FY2023$7.3M
FY2024$7.5M
Net assets
$1.5M
FY2021▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$1.5M
FY2022$1.6M
FY2023$1.8M
FY2024$0

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $3.6M Management & general 7% · $283K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

20 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO from 4/2021
$398,295Pt VII · Sec A
CEO to 4/2021
$329,164Pt VII · Sec A
Director of Eb
$241,042Pt VII · Sec A
Director of PC
$234,958Pt VII · Sec A
Director of IT
$123,771Pt VII · Sec A
Past Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Olga Collins$621,706$541,451$491,443$398,295—
Francie Starnes———$329,164$401,200
Steven Woods—$282,160———
Alan Fergusson———$241,042$201,143
Antoinette Gambonini———$234,958$194,026
Timothy Carter$174,100$180,159$212,750——
Elizabeth Yovich$166,781$205,102$134,042——
Richard Duffy————$159,921

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Connects and supports privately held insurance brokers through forums for idea exchange and performance review.

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Provided by the organization

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2 programs · $3.6M · in their own filed words · FY2021
01

The WBN network allows clients to have constant access to online coverage and claims data. Technology provides members with the latest tools for information management, communication and collaboration, including insurance data management platform.MEMBERS CAN LOGIN TO WEBSITE.

$3.3Mprogram expense
02

WBN organizes Global Conferences for members, clients, prospects, and insurer partners where they can collaborate, learn, and maintain professional and personal relationships. Additional conferences are conducted regionally and through industry, insurer and committee gatherings to build collaboration, learn new techniques, develop new…

$366Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $30K · 2020–2021
Shirley Ryan Ability LabIL · FY2021$10,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$4.0M
Ln 12
Gifts and grantsLn 1h$3.8M
Fees for servicesLn 2g$118K
Other incomeLn 4–11$65K
Money outPt IX
$3.9M
Ln 25
Programscol B$3.6M
Managementcol C$283K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$819K
Total assetsLn 16$1.7M
LiabilitiesLn 26$193K
PeoplePt VI, VII
20
listed · VII A
PaidVII A5
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.8M
Government grantsLn 1e$64K
Fees for servicesLn 2g$118K
Investment incomeLn 3$247
Other incomeLn 4–11$65K
Gains on assetsLn 7$0
Total revenueLn 12$4.0M
Assets in detailPt X, end of year
CashLn 1$819K
SavingsLn 2$0
Cash and savings togetherLn 1–2$819K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$2K
Other assetsLn 15$79
Total assetsLn 16$1.7M
LiabilitiesLn 26$193K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 54
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.2M$819K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$4K$2K
Total assetsLn 16$4.8M$1.7M
LiabilitiesLn 26$3.4M$193K
Net assetsLn 32$1.4M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$15K$15K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$731K$611K$120K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$975K$975K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$47K$47K
Management feesLn 11a$0
Legal feesLn 11b$70K$37K$33K
Accounting feesLn 11c$38K$20K$18K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$138K$73K$65K
Advertising and promotionLn 12$408K$390K$18K
Office expensesLn 13$23K$12K$12K
Information technologyLn 14$695K$695K
RoyaltiesLn 15$0
OccupancyLn 16$13K$10K$2K
TravelLn 17$18K$16K$2K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$365K$365K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$18K$15K$3K
InsuranceLn 23$60K$54K$6K
Other expenses (24a–d)Ln 24$289K$285K$3K
All other expensesLn 24e$0
Total functional expensesLn 25$3.9M$3.6M$283K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $7.0M$7.5M−$525K$0 990 PDF
FY2023 $7.5M$7.3M$214K$1.8M 990 PDF
FY2022 $6.2M$6.1M$124K$1.6M 990 PDF
FY2021 Viewing $4.0M$3.9M$84K$1.5M 990 PDF
FY2020 $3.8M$2.9M$827K$1.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $3,985,774 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,516,112$3,803,242
I-9 Program service revenuePrior year $214,500$117,700
I-10 Investment incomePrior year $56$247
I-11 Other revenuePrior year $39,937$64,585
I-12 Total revenuePrior year $3,770,605$3,985,774
I-13 Grants and similar amounts paidPrior year $22,500$15,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,330,602$1,752,711
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,590,207$2,134,445
I-18 Total expensesPrior year $2,943,309$3,902,156
I-19 Revenue less expensesPrior year $827,296$83,618
Part VI · Governance 15 of 15 board members independent, 3 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $3,985,774 across 12 lines filed
VIII-1b Membership dues$3,030,837
VIII-1e Government grants$63,962
VIII-1f All other contributions, gifts and grants$708,443
VIII-1h Total contributions, gifts and grants$3,803,242
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $117,700$117,700
VIII-3 Investment incomeExcluded from tax $247$247
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $64,585$64,585
VIII-12 Total revenueRelated to mission $182,285 · Excluded from tax $247$3,985,774
Part IX · Statement of functional expenses $3,902,156 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $15,000$15,000
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $610,623 · Management $120,399$731,022
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $974,504$974,504
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $47,185$47,185
IX-11a Management fees$0
IX-11b Legal feesPrograms $36,799 · Management $32,768$69,567
IX-11c Accounting feesPrograms $19,902 · Management $17,722$37,624
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $73,045 · Management $65,047$138,092
IX-12 Advertising and promotionPrograms $389,736 · Management $18,408$408,144
IX-13 Office expensesPrograms $11,565 · Management $11,565$23,130
IX-14 Information technologyPrograms $694,612$694,612
IX-15 Royalties$0
IX-16 OccupancyPrograms $10,396 · Management $2,376$12,772
IX-17 TravelPrograms $16,155 · Management $1,795$17,950
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $365,238$365,238
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $15,069 · Management $3,419$18,488
IX-23 InsurancePrograms $54,064 · Management $6,007$60,071
IX-24 Other expenses (24a–d)Programs $285,438 · Management $3,319$288,757
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $3,619,331 · Management $282,825 · Fundraising $0$3,902,156
Part X · Balance sheet $1,656,895 assets, 18 lines filed
Asset lines not itemized here account for $8,230; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,134,419$818,503
X-2 Savings and temporary cash investmentsStart of year $50,219$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $3,083,517$54,918
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $495,403$603,115
X-10c Land, buildings and equipment, netStart of year $3,682$1,825
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assetsStart of year $32,856$170,225
X-15 Other assetsStart of year $10,272$79
X-16 Total assetsStart of year $4,810,368$1,656,895
X-17 Accounts payable and accrued expensesStart of year $65,462$83,239
X-25 Other liabilitiesStart of year $3,295,945$109,904
X-26 Total liabilitiesStart of year $3,425,369$193,143
X-32 Total net assets or fund balancesStart of year $1,384,999$1,463,752
X-33 Total liabilities and net assetsStart of year $4,810,368$1,656,895
Part XI · Reconciliation of net assets $1,463,752 net assets at year end
XI-1 Total revenue$3,985,774
XI-2 Total expenses$3,902,156
XI-3 Revenue less expenses$83,618
XI-4 Net assets at start of year$1,384,999
XI-9 Other changes in net assets−$4,865
XI-10 Net assets at end of year$1,463,752

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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