Form 990 for tax year 2024
Filed by SMALL BUSINESS MAJORITY FOUNDATION INC.
Totals
- Total revenue
- $5,565,308
- Total expenses
- $5,358,596
- Contributions and grants received
- $5,330,578
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $228,026
- Other revenue
- $6,704
- Total assets, end of year
- $6,010,443
- Total liabilities, end of year
- $3,514,024
- Net assets or fund balances, end of year
- $2,496,419
- Program services expenses (Part IX)
- $4,389,404
- Management and general expenses
- $530,237
- Fundraising expenses
- $438,955
- Program service expenses (Part III)
- $4,389,404
Program services were 81.9% 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.
-
1f · All other contributions, gifts and grants
$5,330,578
-
3 · Investment income
total $227,792 · excluded $227,792
-
7a · Gross sales of assets other than inventory
other assets $300
-
7b · Less cost or other basis and sales expenses
other assets $66
-
7c · Gain or loss
other assets $234
-
7d · Net gain or loss
total $234 · excluded $234
-
11d · All other revenue
total $6,704 · excluded $6,704
-
11e · Other revenue, total
$6,704
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $533,978 · program services $426,706 · management and general $58,689 · fundraising $48,583
-
7 · Other salaries and wages
total $3,141,657 · program services $2,510,529 · management and general $345,294 · fundraising $285,834
-
8 · Pension plan contributions
total $35,922 · program services $28,706 · management and general $3,948 · fundraising $3,268
-
9 · Other employee benefits
total $251,143 · program services $200,690 · management and general $27,603 · fundraising $22,850
-
10 · Payroll taxes
total $284,414 · program services $227,277 · management and general $31,260 · fundraising $25,877
-
11b · Fees: legal
total $5,123 · program services $4,094 · management and general $563 · fundraising $466
-
11c · Fees: accounting
total $30,075 · program services $24,033 · management and general $3,306 · fundraising $2,736
-
11g · Fees: other
total $241,891 · program services $241,891
-
13 · Office expenses
total $27,009 · program services $20,821 · management and general $2,833 · fundraising $3,355
-
14 · Information technology
total $30,651 · program services $24,493 · management and general $3,369 · fundraising $2,789
-
16 · Occupancy
total $200,210 · program services $159,989 · management and general $22,005 · fundraising $18,216
-
17 · Travel
total $108,970 · program services $107,826 · management and general $626 · fundraising $518
-
19 · Conferences, conventions and meetings
total $194,748 · program services $155,624 · management and general $21,405 · fundraising $17,719
-
22 · Depreciation, depletion and amortization
total $16,169 · program services $13,708 · management and general $1,885 · fundraising $576
-
23 · Insurance
total $11,127 · program services $8,892 · management and general $1,223 · fundraising $1,012
-
24a · Other expenses: OTHER PROJECTS
total $188,844 · program services $188,844
-
24b · Other expenses: RECRUITING
total $56,665 · program services $45,281 · management and general $6,228 · fundraising $5,156
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,410,694 · end of year $454,784
-
2 · Savings and temporary cash investments
beginning of year $55,342 · end of year $105,358
-
3 · Pledges and grants receivable
beginning of year $1,864,557 · end of year $1,123,297
-
9 · Prepaid expenses and deferred charges
beginning of year $68,895 · end of year $76,896
-
10a · Land, buildings and equipment: cost or other basis
$95,121
-
10b · Land, buildings and equipment: accumulated depreciation
$71,647
-
10c · Land, buildings and equipment, net
beginning of year $32,664 · end of year $23,474
-
11 · Investments: publicly traded securities
beginning of year $5,081,243 · end of year $3,808,786
-
15 · Other assets
beginning of year $564,214 · end of year $417,848
-
17 · Accounts payable and accrued expenses
beginning of year $118,305 · end of year $88,015
-
19 · Deferred revenue
beginning of year $6,080,770 · end of year $3,000,607
-
25 · Other liabilities
beginning of year $588,827 · end of year $425,402
-
27 · Net assets without donor restrictions
beginning of year $2,289,707 · end of year $2,496,419
Mission and programs · 2024
Mission
SMALL BUSINESS MAJORITY IS A NATIONAL SMALL BUSINESS ADVOCACY ORGANIZATION, FOUNDED BY SMALL BUSINESS OWNERS TO ENSURE THAT SMALL BUSINESSES ARE AT THE HEART OF A THRIVING, INCLUSIVE ECONOMY. WE ACTIVELY ENGAGE SMALL BUSINESS OWNERS ACROSS AMERICA TO DRIVE SMART PUBLIC POLICY AND GET ENTREPRENEURS THE RESOURCES THEY NEED TO THRIVE.
Activities or mission (Part I)
SUPPORT AMERICA'S 35 MILLION SMALL BUSINESSES VIA PUBLIC POLICY ADVOCACY AND PRACTICAL RESOURCES.
-
OUTREACH, EDUCATION & ADVOCACY - WE CONDUCT OUTREACH FROM OUR OFFICES IN WASHINGTON, DC, CALIFORNIA, COLORADO, GEORGIA, ILLINOIS, NEW MEXICO AND NEW YORK, WITH A FOCUS ON SERVING THE NEEDS OF UNDER-RESOURCED SMALL BUSINESS OWNERS. WE PROVIDE A SUITE OF EDUCATIONAL PROGRAMS AND CONNECTIONS TO RESOURCES TO EMPOWER ENTREPRENEURS TO START AND GROW THEIR ENTERPRISES AND MAXIMIZE THEIR ECONOMIC PROSPERITY ON TOPICS LIKE ACCESS TO RESPONSIBLE CAPITAL, HEALTHCARE AND OTHER ESSENTIAL BENEFITS, AND LEVEL PLAYING FIELD. FURTHERMORE, WE PROVIDE SMALL BUSINESS OWNERS OPPORTUNITIES TO ADVOCATE FOR PUBLIC POLICY CHANGES IN THESE AREAS THAT ADVANCE ENTREPRENEURSHIP. OUR NETWORK IS COMPRISED OF MORE THAN 85,000 SMALL BUSINESS OWNERS AND MORE THAN 1,500 BUSINESS ORGANIZATIONS. OUR WORK IS GUIDED BY A NATIONAL AND STATE SMALL BUSINESS COUNCILS OF ACTIVE SMALL BUSINESS OWNERS.
Expenses $3,157,529
-
COMMUNICATIONS - WE COMMUNICATE OUR MESSAGE TO POLICYMAKERS AND THE MEDIA VIA EXTENSIVE PUBLIC RELATIONS EFFORTS TARGETING MAINSTREAM ELECTRONIC, PRINT AND ONLINE MEDIA. OUR WORK INCLUDES ONE-ON-ONE COMMUNICATION WITH REPORTERS, PRESS RELEASES, OP-EDS, LETTERS TO THE EDITOR, MULTIPLE WEB SITES, A MONTHLY NEWSLETTER AND DAILY COMMUNICATION VIA A HOST OF SOCIAL MEDIA CHANNELS.
Expenses $785,903
-
RESEARCH - WE CONDUCT WIDE-RANGING RESEARCH TO UNDERSTAND SMALL BUSINESS OWNERS' NEEDS, CHALLENGES AND OPPORTUNITIES. FOCUSED ON UNCOVERING THE PERSPECTIVES OF SMALL BUSINESS OWNERS, WE COMMUNICATE OUR FINDINGS TO POLICYMAKERS, THE MEDIA AND OTHER STAKEHOLDERS. OUR RESEARCH PRODUCTS INCLUDE SCIENTIFIC OPINION POLLING, INTERNAL NETWORK SURVEYS, FOCUS GROUPS AND ROUNDTABLE DISCUSSIONS. WE WORK WITH ACADEMIC AND OTHER RESEARCH INSTITUTIONS TO AGGREGATE AND SYNTHESIZE DATA TO BETTER UNDERSTAND THE CHALLENGES FACED BY UNDER-RESOURCED ENTREPRENEURS AND ASSESS THE BENEFIT OF PUBLIC POLICIES AND TARGETED RESOURCE INTERVENTIONS.
Expenses $445,972
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
John ArensmeyerJOHN ARENSMEYER
FOUNDER & CEO
- Total calculated
- $357,653
- From this org
- $343,481
- From related orgs
- $0
- Other
- $14,172
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $343,481
- Bonus
- $0
- Other
- $0
- Deferred
- $2,500
- Nontaxable benefits
- $11,672
- Filer's total
- $357,653
-
Talibah BaylesTALIBAH BAYLES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ken HendersonKEN HENDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paul QuinteroPAUL QUINTERO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lajuanna RussellLAJUANNA RUSSELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dafina WilliamsDAFINA WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kathleen BerryKATHLEEN BERRY
SECRETARY/TREASURER/VP, OPERATIONS
- Total calculated
- $176,324
- From this org
- $169,501
- From related orgs
- $0
- Other
- $6,823
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $169,501
- Bonus
- $0
- Other
- $0
- Deferred
- $2,500
- Nontaxable benefits
- $4,323
- Filer's total
- $176,324
-
Rebekah ChaseREBEKAH CHASE
CONTROLLER
- Total calculated
- $169,322
- From this org
- $148,019
- From related orgs
- $0
- Other
- $21,303
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $143,019
- Bonus
- $5,000
- Other
- $0
- Deferred
- $2,500
- Nontaxable benefits
- $18,803
- Filer's total
- $169,322
-
Eszter SzocskaESZTER SZOCSKA
DIGITAL COMMUNICATION & IT DIRECTOR
- Total calculated
- $156,056
- From this org
- $137,968
- From related orgs
- $0
- Other
- $18,088
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $137,968
- Bonus
- $0
- Other
- $0
- Deferred
- $2,500
- Nontaxable benefits
- $15,588
- Filer's total
- $156,056
-
David ChaseDAVID CHASE
VICE PRESIDENT, POLICY & ADVOCACY
- Total calculated
- $212,885
- From this org
- $201,763
- From related orgs
- $0
- Other
- $11,122
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $194,263
- Bonus
- $7,500
- Other
- $0
- Deferred
- $2,500
- Nontaxable benefits
- $8,622
- Filer's total
- $212,885
-
Cassie MillsCASSIE MILLS
VICE PRESIDENT, COMMUNICATIONS
- Total calculated
- $196,328
- From this org
- $182,469
- From related orgs
- $0
- Other
- $13,859
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $174,969
- Bonus
- $7,500
- Other
- $0
- Deferred
- $2,500
- Nontaxable benefits
- $11,359
- Filer's total
- $196,328
-
Brian PiferBRIAN PIFER
VICE PRESIDENT, RESEARCH & INSIGHTS
- Total calculated
- $206,626
- From this org
- $176,074
- From related orgs
- $0
- Other
- $30,552
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $168,574
- Bonus
- $7,500
- Other
- $0
- Deferred
- $2,500
- Nontaxable benefits
- $28,052
- Filer's total
- $206,626
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 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 7
- THE ORGANIZATION MADE NONFIXED PAYMENTS IN THE FORM OF DISCRETIONARY BONUSES.
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.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 19 August 2025
- IRS schema version
- 2024v5.2
- Source object
- 202512319349301436
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