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← BUSINESS EDUCATION FUND

Form 990 for tax year 2022

Filed by BUSINESS EDUCATION FUND.

Totals

Total revenue
$1,999,588
Total expenses
$1,367,112
Contributions and grants received
$1,995,673
Grants paid
$3,550
Program service revenue
$2,000
Investment income
$0
Other revenue
$1,915
Total assets, end of year
$1,725,500
Total liabilities, end of year
$15,892
Net assets or fund balances, end of year
$1,709,608
Program services expenses (Part IX)
$1,127,287
Management and general expenses
$147,066
Fundraising expenses
$92,759
Program service expenses (Part III)
$1,127,287

Program services were 82.5% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $299,196

  • 1f · All other contributions, gifts and grants

    $1,696,477

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: PROGRAM FEES

    total $2,000 · related or exempt $2,000 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    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

  • 11d · All other revenue

    total $1,915 · related or exempt $1,915 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $1,915

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,550 · program services $3,550

  • 5 · Compensation of officers, directors and key employees

    total $208,425 · program services $172,113 · management and general $14,098 · fundraising $22,214

  • 7 · Other salaries and wages

    total $581,130 · program services $479,887 · management and general $39,307 · fundraising $61,936

  • 8 · Pension plan contributions

    total $32,325 · program services $31,153 · management and general $1,172

  • 9 · Other employee benefits

    total $146,670 · program services $98,721 · management and general $47,744 · fundraising $205

  • 10 · Payroll taxes

    total $62,629 · program services $52,284 · management and general $3,448 · fundraising $6,897

  • 11b · Fees: legal

    total $3,402 · program services $3,402

  • 11c · Fees: accounting

    total $43,406 · program services $43,406

  • 11g · Fees: other

    total $154,306 · program services $152,989 · management and general $1,317

  • 12 · Advertising and promotion

    total $1,973 · program services $1,257 · management and general $716

  • 13 · Office expenses

    total $15,477 · program services $11,791 · management and general $3,236 · fundraising $450

  • 14 · Information technology

    total $1,737 · program services $890 · management and general $847

  • 16 · Occupancy

    total $9,994 · program services $219 · management and general $9,775

  • 17 · Travel

    total $38,129 · program services $34,529 · management and general $3,600

  • 19 · Conferences, conventions and meetings

    total $2,028 · program services $2,028

  • 23 · Insurance

    total $9,784 · program services $9,327 · fundraising $457

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $51,736 · program services $29,408 · management and general $21,728 · fundraising $600

  • 24e · All other expenses

    total $411 · program services $333 · management and general $78

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,116,893 · end of year $1,590,878

  • 4 · Accounts receivable

    end of year $112,559

  • 9 · Prepaid expenses and deferred charges

    beginning of year $34,131 · end of year $22,063

  • 17 · Accounts payable and accrued expenses

    beginning of year $73,892 · end of year $15,892

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $768,049 · end of year $1,289,246

  • 28 · Net assets with donor restrictions

    beginning of year $309,083 · end of year $420,362

Mission and programs · 2022

Mission

BUSINESS EDUCATION FUND SUPPORTS ITS FLAGSHIP PROJECT, MAIN STREET ALLIANCE, TO: ENSURE AUTHENTIC SMALL BUSINESS OWNERS THEMSELVES ARE PART OF DEFINING THE PROBLEM AND INFORMING POLICY SOLUTIONS SO THAT THE NEEDS OF EVEN THE SMALLEST AND LEAST CONNECTED BUSINESSES ARE HEARD; RECRUIT AND SUPPORT SMALL BUSINESS OWNERS TO SHARE POWERFUL STORIES TO HIGHLIGHT THE REAL NEEDS OF SMALL BUSINESS; AND SHIFT THE NARRATIVE - IN THE MEDIA, WITH DECISION-MAKERS, AND WITHIN MORE MAINSTREAM BUSINESS GROUPS - ABOUT PRIORITIES FOR MAIN STREET SMALL BUSINESS ECONOMY.

  • MAIN STREET ALLIANCE: BUSINESS EDUCATION FUND DBA MAIN STREET ALLIANCE CONTINUES TO TRAIN AND DEVELOP SMALL BUSINESS OWNERS ON ISSUES THAT IMPACT LOCAL ECONOMIES AND THEIR COMMUNITIES IN ORDER TO ADVANCE LOCAL ECONOMIES.

    Expenses $1,127,287 · Grants $3,550 · Revenue $2,000

As filed on the 2022 return.

Listed in Part VII

  • Chanda Causer

    CO-EXECUTIVE DIRECTOR

    Total calculated
    $173,477
    From this org
    $172,708
    From related orgs
    $0
    Other
    $769
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $172,708
    Bonus
    $0
    Other
    $769
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $173,477

  • Stephen Michael

    CO-EXECUTIVE DIRECTOR

    Total calculated
    $34,947
    From this org
    $34,947
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

  • J Kelly Conklin

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • David Boris

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jim Houser

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Brian Kettenring

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Natasha Crosby

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Reshonda Young

    SECRETARY

    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
2022
Filed
12 October 2023
IRS schema version
2022v5.0
Source object
202332859349300028

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