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Nonprofiteer
← START SMALL THINK BIG INC

Form 990 for tax year 2022

Filed by START SMALL THINK BIG INC.

Totals

Total revenue
$5,165,176
Total expenses
$4,757,776
Contributions and grants received
$5,123,876
Grants paid
$268,500
Program service revenue
$0
Investment income
$22,270
Other revenue
$19,030
Total assets, end of year
$6,022,344
Total liabilities, end of year
$193,655
Net assets or fund balances, end of year
$5,828,689
Program services expenses (Part IX)
$3,686,440
Management and general expenses
$419,872
Fundraising expenses
$651,464
Program service expenses (Part III)
$3,686,440

Program services were 77.5% 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.

  • 1e · Government grants (contributions)

    $355,573

  • 1f · All other contributions, gifts and grants

    $4,768,303

  • 3 · Investment income

    total $22,270 · unrelated business $0 · excluded $22,270

  • 11a · Other revenue: Miscellaneous Income

    total $19,030 · related or exempt $19,030 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $19,030

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $228,500 · program services $228,500

  • 2 · Grants to domestic individuals

    total $40,000 · program services $40,000

  • 5 · Compensation of officers, directors and key employees

    total $477,751 · program services $195,448 · management and general $105,015 · fundraising $177,288

  • 7 · Other salaries and wages

    total $2,281,713 · program services $2,132,662 · management and general $148,845 · fundraising $206

  • 8 · Pension plan contributions

    total $9,066 · program services $8,466 · management and general $600 · fundraising $0

  • 9 · Other employee benefits

    total $300,384 · program services $263,459 · management and general $24,335 · fundraising $12,590

  • 10 · Payroll taxes

    total $230,985 · program services $195,714 · management and general $22,919 · fundraising $12,352

  • 11b · Fees: legal

    total $4,184 · program services $0 · management and general $4,184 · fundraising $0

  • 11c · Fees: accounting

    total $12,570 · program services $0 · management and general $12,570 · fundraising $0

  • 11g · Fees: other

    total $508,885 · program services $73,655 · management and general $17,605 · fundraising $417,625

  • 12 · Advertising and promotion

    total $327,536 · program services $323,215 · management and general $0 · fundraising $4,321

  • 13 · Office expenses

    total $25,692 · program services $23,745 · management and general $1,756 · fundraising $191

  • 14 · Information technology

    total $102,467 · program services $94,782 · management and general $5,331 · fundraising $2,354

  • 16 · Occupancy

    total $9,815 · program services $9,018 · management and general $591 · fundraising $206

  • 17 · Travel

    total $4,348 · program services $4,348 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $44,119 · program services $0 · management and general $44,119 · fundraising $0

  • 23 · Insurance

    total $13,291 · program services $10,548 · management and general $2,695 · fundraising $48

  • 24a · Other expenses: Staff development and training

    total $84,931 · program services $47,451 · management and general $17,860 · fundraising $19,620

  • 24b · Other expenses: Payroll processing fees

    total $36,367 · program services $32,572 · management and general $2,616 · fundraising $1,179

  • 24c · Other expenses: Miscellaneous

    total $7,020 · program services $435 · management and general $3,185 · fundraising $3,400

  • 24d · Other expenses: Filing fees & registrations

    total $5,405 · program services $0 · management and general $5,405 · fundraising $0

  • 24e · All other expenses

    total $2,747 · program services $2,422 · management and general $241 · fundraising $84

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,953,186 · end of year $3,756,137

  • 3 · Pledges and grants receivable

    beginning of year $452,980 · end of year $750,532

  • 9 · Prepaid expenses and deferred charges

    beginning of year $45,576 · end of year $52,240

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

    $254,701

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

    $58,318

  • 10c · Land, buildings and equipment, net

    beginning of year $26,789 · end of year $196,383

  • 11 · Investments: publicly traded securities

    end of year $1,267,052

  • 17 · Accounts payable and accrued expenses

    beginning of year $57,242 · end of year $193,655

  • 27 · Net assets without donor restrictions

    beginning of year $4,091,552 · end of year $4,510,029

  • 28 · Net assets with donor restrictions

    beginning of year $1,329,737 · end of year $1,318,660

Mission and programs · 2022

Mission

Start Small Think Big exists to help small business owners from marginalized communities thrive. For more than a decade, we have partnered with small business owners and their communities to connect them with our network of professionals who provide free legal, financial, and marketing assistance, always judging our success by theirs.

Activities or mission (Part I)

SEE PART III, LINE 1

  • To help low income individuals build thriving businesses and provide access to professional and financial expertise through the small business Legal, Marketing and Sales, Financial, Impact Assessment and client relationship programs.

    Expenses $3,417,940

  • Funds were raised in 2021 to begin a pilot Capital Fund and invest capital in small businesses who showed growth potential but lacked access to capital to support growth plans. All recipient entrepreneurs also benefit from our wraparound technical assistance services to augment the capital injection into their business. The pilot launched in 2022 and continues in 2023. By December 31, 2022 Start Small had awarded $67,500 in grants to 4 small businesses.

    Expenses $268,500

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Francesca Odell

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Erik Knutzen

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Mark Kesslen

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Navneet Kaur

    Director

    Total calculated
    $0
    Hours/week
    1

  • Alison McKinnel King

    Director

    Total calculated
    $0
    Hours/week
    1

  • Laura Kozien

    Director

    Total calculated
    $0
    Hours/week
    1

  • Valerie Malter

    Director

    Total calculated
    $0
    Hours/week
    1

  • Steven Slutzky

    Director

    Total calculated
    $0
    Hours/week
    1

  • Carolyn Cohen

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jonny Price

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kristen Scheyder

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kevin Boon

    Director

    Total calculated
    $0
    Hours/week
    1

  • Erica Lock Munsky

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michael Pastor

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ben Adams

    Director

    Total calculated
    $0
    Hours/week
    1

  • Chinnu Joseph

    Director

    Total calculated
    $0
    Hours/week
    1

  • Joseph Kaufman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kenetia Lee

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tammeca Rochester

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jennifer DaSilva

    Executive Director

    Total calculated
    $204,344
    From this org
    $188,400
    From related orgs
    $0
    Other
    $15,944
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,400
    Bonus
    $40,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $14,482
    Filer's total
    $202,882

  • Josephine Panzera

    Chief Financial Officer

    Total calculated
    $132,853
    From this org
    $121,767
    From related orgs
    $0
    Other
    $11,086
    Hours/week
    40

  • Rebecca Engle

    Chief Operating Officer

    Total calculated
    $142,248
    From this org
    $140,791
    From related orgs
    $0
    Other
    $1,457
    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

None.

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

  • Rhonesha Byng

    $25,000

    HER Agenda

  • Harlem Seafood Soul

    $25,000

    Growth of small business

  • LBF

    $18,500

    Growth of small business

  • Sun Market

    $10,000

    Growth of small business

  • Verna Mungin

    $10,000

    Growth of small business

  • Glitzed 365 Beauty Suites Salon Inc

    $10,000

    Growth of small business

  • NuBorn Skin

    $10,000

    Growth of small business

  • Grow for Good

    $10,000

    Growth of small business

  • Lanisha Taylor

    $10,000

    Growth of small business

  • Nadia Lake

    $10,000

    Growth of small business

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
19 May 2023
IRS schema version
2022v5.0
Source object
202301399349300405

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.