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Nonprofiteer
← BUSINESS ACTION FUND

Form 990 for tax year 2023

Filed by BUSINESS ACTION FUND.

Totals

Total revenue
$101,990
Total expenses
$179,278
Contributions and grants received
$101,462
Grants paid
$100,000
Program service revenue
$0
Investment income
$528
Other revenue
$0
Total assets, end of year
$367,576
Total liabilities, end of year
$8,253
Net assets or fund balances, end of year
$359,323
Program services expenses (Part IX)
$164,232
Management and general expenses
$14,730
Fundraising expenses
$316
Program service expenses (Part III)
$164,232

Program services were 91.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $101,462

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $528 · related or exempt $0 · unrelated business $0 · excluded $528

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $100,000 · program services $100,000

  • 7 · Other salaries and wages

    total $2,870 · program services $2,410 · management and general $144 · fundraising $316

  • 11c · Fees: accounting

    total $12,879 · management and general $12,879

  • 11g · Fees: other

    total $27,512 · program services $27,512

  • 13 · Office expenses

    total $3,883 · program services $2,176 · management and general $1,707

  • 16 · Occupancy

    total $4,403 · program services $4,403

  • 17 · Travel

    total $25,699 · program services $25,699

  • 19 · Conferences, conventions and meetings

    total $1,200 · program services $1,200

  • 24e · All other expenses

    total $832 · program services $832

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $535,847 · end of year $367,576

  • 17 · Accounts payable and accrued expenses

    beginning of year $99,236 · end of year $8,253

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $396,044 · end of year $359,323

  • 28 · Net assets with donor restrictions

    beginning of year $40,567 · end of year $0

Mission and programs · 2023

Mission

BUSINESS ACTION FUND SUPPORTS ITS FLAGSHIP PROJECT, MAIN STREET ACTION, TO ADVOCATE AND LOBBY FOR SMALL BUSINESS INTERESTS AND TO SUPPORT BUSINESS OWNERS TO ADVOCATE FOR THEIR OWN INTERESTS BY TELLING THEIR OWN STORIES ABOUT WHAT MAKES THEIR BUSINESSES SUCCESSFUL AND WHAT TYPES OF POLICIES WOULD HELP THEIR BUSINESSES THRIVE.

Activities or mission (Part I)

BUSINESS ACTION FUND SUPPORS ITS FLAGSHIP PROJECT, MAIN STREET ACTION, TO ADVOCATE AND LOBBY FOR SMALL BUSINESS INTERESTS AND TO SUPPORT BUSINESS OWNERS TO ADVOCATE FOR THEIR OWN INTERESTS BY TELLING THEIR OWN STORIES ABOUT WHAT MAKES THEIR BUSINESSES SUCCESSFUL AND WHAT TYPES OF POLICIES WOULD HELP THEIR BUSINESSES THRIVE.

  • MAIN STREET ALLIANCE: BUSINESS ACTION FUND DBA MAIN STREET ACTION CONTINUED TO ADVOCATE ON BEHALF OF SMALL BUSINESSES ACROSS OUR CORE ISSUE AREAS TO ADVANCE POLICY THAT CAN IMPROVE LOCAL ECONOMIES.

    Expenses $164,232 · Grants $100,000

As filed on the 2023 return.

Listed in Part VII

  • Chanda Causer

    EXECUTIVE DIRECTOR

    Total calculated
    $193,812
    From this org
    $0
    From related orgs
    $193,812
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $192,013 related
    Bonus
    $0
    Other
    $0 + $1,799 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $193,812 related

  • J Kelly Conklin

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • David Borris

    TREASUER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Josie Kalipeni

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Thomas Lee Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Isral Debruin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tim Lampkin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
6 September 2024
IRS schema version
2023v5.0
Source object
202442609349301664

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