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Nonprofiteer
← BUSINESS FOR A FAIR MINIMUM WAGE INC

Form 990 for tax year 2024

Filed by BUSINESS FOR A FAIR MINIMUM WAGE INC.

Totals

Total revenue
$394,082
Total expenses
$400,707
Contributions and grants received
$169,082
Grants paid
$0
Program service revenue
$225,000
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,883
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,883
Program services expenses (Part IX)
$377,078
Management and general expenses
$23,629
Fundraising expenses
$0
Program service expenses (Part III)
$377,078

Program services were 94.1% 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

    $169,082

  • 2a · Program service revenue: SERVICE CONTRACTS

    total $225,000 · related or exempt $225,000

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $175,615 · program services $175,087 · management and general $528

  • 7 · Other salaries and wages

    total $73,700 · program services $73,700

  • 11c · Fees: accounting

    total $2,150 · management and general $2,150

  • 11g · Fees: other

    total $133,372 · program services $128,291 · management and general $5,081

  • 13 · Office expenses

    total $141 · management and general $141

  • 14 · Information technology

    total $4,059 · management and general $4,059

  • 23 · Insurance

    total $10,922 · management and general $10,922

  • 24a · Other expenses: BUSINESS REGISTRATION

    total $489 · management and general $489

  • 24b · Other expenses: BANK FEES

    total $259 · management and general $259

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,508 · end of year $1,883

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $8,508 · end of year $1,883

Mission and programs · 2024

Mission

TO EDUCATE ABOUT THE BUSINESS CASE FOR A HIGHER MINIMUM WAGE, AND TO ORGANIZE AND PUBLICIZE BUSINESS SUPPORT FOR RAISING THE MINIMUM WAGE AND OTHER FAIR EMPLOYMENT POLICIES.

  • EDUCATE AND ORGANIZE BUSINESS LEADERS IN SUPPORT OF A HIGHER MINIMUM WAGE AND OTHER FAIR EMPLOYMENT POLICIES AT THE FEDERAL, STATE AND LOCAL LEVEL. SHARE BUSINESS VIEWS WITH POLICYMAKERS AND THE PUBLIC THROUGH POLICY MEMOS AND REPORTS, MEETINGS, BRIEFINGS, HEARINGS, PRESS EVENTS, BUSINESS TOURS AND MORE. IDENTIFY, TRAIN AND ENGAGE DIVERSE BUSINESS SPOKESPEOPLE FOR PUBLIC EVENTS, MEDIA REQUESTS AND HEARINGS. MAKE THE BUSINESS AND ECONOMIC CASE FOR RAISING THE MINIMUM WAGE AND OTHER FAIR EMPLOYMENT POLICIES THROUGH OPINION MEDIA, NEWS MEDIA AND SOCIAL MEDIA.

    Expenses $377,078 · Revenue $225,000

As filed on the 2024 return.

Listed in Part VII

  • Holly Sklar

    PRESIDENT & CEO

    Total calculated
    $149,000
    From this org
    $149,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Alissa Barron-Menza

    DIRECTOR

    Total calculated
    $16,679
    From this org
    $16,679
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Michael Kanter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Denise Bowyer

    DIRECTOR

    Total calculated
    $3,285
    From this org
    $3,285
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Lewis Prince

    DIRECTOR

    Total calculated
    $6,650
    From this org
    $6,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
30 June 2025
IRS schema version
2024v5.2
Source object
202531839349300403

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