Nbi
Also known as National Business Institute
Nbi reported $19.8 million in revenue and $22.0 million in expenses for calendar year 2024. Of every $100 it spent, $60.35 went to program services, $39.65 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 91.0% of the total. The highest compensation it reported for one person was $303,186 (PRESIDENT). 9 people received more than $100,000 in reportable compensation. Revenue fell 24% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $22MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $20MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 60.3% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 39.7% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 91.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $303,186 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.38% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 9 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 13.5 | 13.3 |
| Independent voting board members Part VI 1a–1b | 0 of 3 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseDuring 2024, nbi, inc. Presented approximately 1,550 education programs. These programs met the continuing education needs for lawyers, accountants and paraprofessionals, as well as providing legal content for other professionals including accountants, hospital/clinic administrators, teachers, school administrators, and financial planning professionals. The content for each program is designed and presented by qualified professionals, most of whom receive nominal compensation, if any. Registrants receive written materials prepared by the presenter in addition to training. During 2024 nbi…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT Director/trustee, officer, 40.00 hrs/week | $254,873 | $0 | $48,313 | $303,186 |
| CTO Highest compensated employee, 40.00 hrs/week | $228,970 | $0 | $17,550 | $246,520 |
| SR OPERATIONS MANAGER Director/trustee, officer, 40.00 hrs/week | $152,277 | $0 | $31,975 | $184,252 |
| SR MARKETING/SALES MANAGER Highest compensated employee, 40.00 hrs/week | $138,296 | $0 | $41,369 | $179,665 |
| MANAGER Highest compensated employee, 40.00 hrs/week | $110,227 | $0 | $17,978 | $128,205 |
| VICE PRESIDENT Director/trustee, officer, 5.00 hrs/week | $96,208 | $0 | $27,992 | $124,200 |
| HR MANAGER Highest compensated employee, 40.00 hrs/week | $113,655 | $0 | $8,529 | $122,184 |
| DECISION SUPPORT LEADER Highest compensated employee, 40.00 hrs/week | $112,578 | $0 | $4,656 | $117,234 |
9 people received more than $100,000 in reportable compensation from Nbi (Part VII, line 2). Compensation of current officers, directors and key employees totaled $453K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b3 · 0 independent
- Audited financial statements Part XII 2bNo
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5116
Correct a figure or respond
Every number above is copied from Nbi's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Nbi, you can publish a response that is linked from this page.
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Of every $100 Nbi spent in 2024, $60.35 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Nbi's spending goes to programs?
In calendar year 2024, Nbi reported that 60.3% of its $22.0 million in expenses went to program services, 39.7% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Nbi pay its top executive?
The largest total compensation Nbi reported for one person in calendar year 2024 was $303,186, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Nbi get its money?
Of $19.8 million in revenue in calendar year 2024, 0.0% came from contributions and grants and 91.0% from program service revenue (Form 990, Part VIII).
Is Nbi a registered charity?
The IRS lists EIN 39-1768861 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202513109349302446 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202432649349301128 · read the filing
- 2022: Form 990 for calendar year 2022, object 202303189349304885 · read the filing
- 2021: Form 990 for calendar year 2021, object 202213199349313281 · read the filing
- 2020: Form 990 for calendar year 2020, object 202123159349306182 · read the filing
- 2019: Form 990 for calendar year 2019, object 202003219349304425 · read the filing
All filings for EIN 39-1768861: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.