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← ASSOCIATION OF SMALL BUSINESS DEVELOPMENT CENTERS

Form 990 for tax year 2024

Filed by ASSOCIATION OF SMALL BUSINESS DEVELOPMENT CENTERS.

Totals

Total revenue
$13,705,087
Total expenses
$3,466,853
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$13,704,528
Investment income
$559
Other revenue
$0
Total assets, end of year
$13,059,085
Total liabilities, end of year
$113,979
Net assets or fund balances, end of year
$12,945,106
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 2a · Program service revenue: PROJECTS & INITIATIVES

    total $9,940,000 · related or exempt $9,940,000

  • 2b · Program service revenue: CONFERENCES & MEETINGS

    total $2,221,222 · related or exempt $2,221,222

  • 2c · Program service revenue: MEMBERSHIP DUES

    total $1,284,306 · related or exempt $1,284,306

  • 2d · Program service revenue: ACCREDITATION PROGRAM

    total $259,000 · related or exempt $259,000

  • 3 · Investment income

    total $559 · excluded $559

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $286,908

  • 7 · Other salaries and wages

    total $393,111

  • 8 · Pension plan contributions

    total $18,615

  • 9 · Other employee benefits

    total $3,337

  • 10 · Payroll taxes

    total $46,896

  • 11b · Fees: legal

    total $8,779

  • 11c · Fees: accounting

    total $73,718

  • 11g · Fees: other

    total $196,215

  • 12 · Advertising and promotion

    total $215,398

  • 13 · Office expenses

    total $27,503

  • 14 · Information technology

    total $21,195

  • 17 · Travel

    total $414,070

  • 19 · Conferences, conventions and meetings

    total $1,463,425

  • 22 · Depreciation, depletion and amortization

    total $1,468

  • 23 · Insurance

    total $14,387

  • 24a · Other expenses: IMPACT ASSESSMENT

    total $114,341

  • 24b · Other expenses: AWARDS

    total $81,286

  • 24c · Other expenses: ASSN DUES AND SUBSCRIPT

    total $41,100

  • 24d · Other expenses: BANK AND CREDIT CARD FE

    total $37,901

  • 24e · All other expenses

    total $7,200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $389,050 · end of year $3,427,383

  • 2 · Savings and temporary cash investments

    beginning of year $226,318 · end of year $308,560

  • 4 · Accounts receivable

    beginning of year $15,000 · end of year $226,034

  • 9 · Prepaid expenses and deferred charges

    beginning of year $98,337 · end of year $49,571

  • 10a · Land, buildings and equipment: cost or other basis

    $37,432

  • 10b · Land, buildings and equipment: accumulated depreciation

    $31,886

  • 10c · Land, buildings and equipment, net

    beginning of year $881 · end of year $5,546

  • 11 · Investments: publicly traded securities

    beginning of year $1,825,593 · end of year $9,041,991

  • 17 · Accounts payable and accrued expenses

    beginning of year $85,413 · end of year $72,279

  • 19 · Deferred revenue

    beginning of year $33,824 · end of year $41,700

  • 27 · Net assets without donor restrictions

    beginning of year $2,435,942 · end of year $12,945,106

Mission and programs · 2024

Mission

TO REPRESENT THE COLLECTIVE INTEREST OF OUR MEMBERS BY PROMOTING, INFORMING, SUPPORTING AND CONTINUOUSLY IMPROVING THE SMALL BUSINESS DEVELOPMENT CENTERS NETWORK, WHICH DELIVERS NATIONWIDE EDUCATIONAL ASSISTANCE TO STRENGTHEN SMALL/MEDIUM BUSINESS MANAGEMENT, THEREBY CONTRIBUTING TO THE GROWTH OF LOCAL, STATE AND NATIONAL ECONOMIES.

Activities or mission (Part I)

TO SUPPORT ITS MEMBERS IN THEIR EFFORTS TO ASSIST THE DEVELOPMENT OF SMALL BUSINESS IN THE U.S.

  • THE ASSOCIATION REPRESENTS THE COLLECTIVE INTERESTS OF ITS MEMBERS BY PROMOTING, INFORMING, SUPPORTING AND CONTINUOUSLY IMPROVING THE SMALL BUSINESS CENTERS NETWORK, WHICH DELIVERS NATIONWIDE EDUCATIONAL ASSISTANCE TO STRENGTHEN SMALL/MEDIUM BUSINESS MANAGEMENT, THEREBY CONTRIBUTING TO THE GROWTH OF LOCAL, STATE AND NATIONAL ECONOMIES. THE ASSOCIATION CONDUCTS CONFERENCES AND MEETINGS TO PROVIDE A MEDIUM OF COMMUNICATION AND EXCHANGE OF INFORMATION AMONG THE MEMBERS. THE ASSOCIATION ALSO FACILITATES THE PURCHASE OF WORKSHOP MATERIALS OF VALUE TO THE MEMBERS' SMALL BUSINESS DEVELOPMENT CENTERS COUNSELORS.

  • SINCE 1994 THE SMALL BUSINESS ACT PROVIDES THAT THE U.S. SMALL BUSINESS ADMINISTRATION (SBA) CONTRACT WITH THE ASSOCIATION TO PROVIDE FOR AN ACCREDITATION PROCESS FOR THE SMALL BUSINESS DEVELOPMENT CENTER PROGRAM. THE SBA IS REQUIRED TO CONSIDER THE RESULTS OF THE ACCREDITATION PROCESS WHEN EVALUATING THE PERFORMANCE OF A SMALL BUSINESS DEVELOPMENT CENTER (SBDC) FOR PURPOSES OF EXTENDING OR RENEWING ITS COOPERATIVE AGREEMENT. THE ASSOCIATION PERFORMS AN ACCREDITATION ON EACH SBDC GRANTEE ONCE EVERY FOUR YEARS. THE ASSOCIATION PROVIDES WRITTEN REPORTS OF THE RESULTS OF EACH ACCREDITATION TO THE SBA FOR ITS USE. THE ACCREDITATION PROCESS USED IS BASED ON ESTABLISHED GUIDELINES AND EDUCATION AND TRAINING AND IS TO BE PROVIDED TO THE ASSOCIATION'S MEMBERS ON A REGULAR BASIS.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Steve Lawrence

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lisa Shimkat

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Kristin Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Byron Hicks

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Mike Bowman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Beth Melnik

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mark Gregory

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ted Gutierrez

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Elizabeth Gray

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Michele Campbell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • C Edward Rowe III

    PRESIDENT/CEO

    Total calculated
    $286,908
    From this org
    $246,262
    From related orgs
    $0
    Other
    $40,646
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,762
    Bonus
    $4,500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $40,646
    Filer's total
    $286,908
  • Brett Thibodeau

    DIRECTOR OF MEMBERSHIP SER

    Total calculated
    $130,861
    From this org
    $123,000
    From related orgs
    $0
    Other
    $7,861
    Hours/week
    40
  • April Youngblut

    VICE PRESIDENT OF COMMUNIC

    Total calculated
    $126,487
    From this org
    $120,000
    From related orgs
    $0
    Other
    $6,487
    Hours/week
    40

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 · Written employment contract
  • 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

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
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202523219349309672

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