Form 990 for tax year 2022
Filed by ASSOCIATION OF SMALL BUSINESS DEVELOPMENT CENTERS.
Totals
- Total revenue
- $8,216,087
- Total expenses
- $8,358,989
- Contributions and grants received
- $0
- Grants paid
- $5,573,971
- Program service revenue
- $8,215,966
- Investment income
- $121
- Other revenue
- $0
- Total assets, end of year
- $2,331,197
- Total liabilities, end of year
- $112,715
- Net assets or fund balances, end of year
- $2,218,482
- 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 $5,621,662 · related or exempt $5,621,662
-
2b · Program service revenue: CONFERENCES & MEETINGS
total $1,821,075 · excluded $1,821,075
-
2c · Program service revenue: MEMBERSHIP DUES
total $753,069 · related or exempt $753,069
-
2d · Program service revenue: ACCREDITATION PROGRAM
total $20,160 · related or exempt $20,160
-
3 · Investment income
total $121 · excluded $121
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $5,573,971
-
5 · Compensation of officers, directors and key employees
total $285,040
-
7 · Other salaries and wages
total $408,807
-
8 · Pension plan contributions
total $18,226
-
9 · Other employee benefits
total $60,873
-
10 · Payroll taxes
total $41,642
-
11b · Fees: legal
total $309
-
11c · Fees: accounting
total $59,244
-
11g · Fees: other
total $301,908
-
12 · Advertising and promotion
total $110,748
-
13 · Office expenses
total $86,403
-
14 · Information technology
total $15,403
-
16 · Occupancy
total $18,965
-
17 · Travel
total $157,016
-
19 · Conferences, conventions and meetings
total $981,044
-
22 · Depreciation, depletion and amortization
total $638
-
23 · Insurance
total $20,132
-
24a · Other expenses: IMPACT ASSESSMENT
total $115,422
-
24b · Other expenses: ASSN DUES AND SUBSCRIPT
total $34,818
-
24c · Other expenses: BANK AND CREDIT CARD FE
total $32,337
-
24d · Other expenses: AWARDS
total $25,879
-
24e · All other expenses
total $10,164
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $915,152 · end of year $349,220
-
2 · Savings and temporary cash investments
beginning of year $256,495 · end of year $218,925
-
4 · Accounts receivable
beginning of year $80,904 · end of year $94,734
-
8 · Inventories for sale or use
end of year $188
-
9 · Prepaid expenses and deferred charges
beginning of year $33,629 · end of year $54,599
-
10a · Land, buildings and equipment: cost or other basis
$31,299
-
10b · Land, buildings and equipment: accumulated depreciation
$29,906
-
10c · Land, buildings and equipment, net
beginning of year $495 · end of year $1,393
-
11 · Investments: publicly traded securities
beginning of year $2,099,410 · end of year $1,612,138
-
17 · Accounts payable and accrued expenses
beginning of year $97,372 · end of year $81,042
-
19 · Deferred revenue
beginning of year $567,632 · end of year $31,673
-
27 · Net assets without donor restrictions
beginning of year $2,721,081 · end of year $2,218,482
Mission and programs · 2022
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 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Steve LawrenceSTEVE LAWRENCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lisa ShimkatLISA SHIMKAT
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Linda RossiLINDA ROSSI
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Kristin JohnsonKRISTIN JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Byron HicksBYRON HICKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike BowmanMIKE BOWMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Laura FineLAURA FINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Beth MelnikBETH MELNIK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark GregoryMARK GREGORY
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Ted GutierrezTED GUTIERREZ
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
C Edward Rowe IIIC EDWARD ROWE III
PRESIDENT/CEO
- Total calculated
- $285,040
- From this org
- $253,000
- From related orgs
- $0
- Other
- $32,040
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $235,000
- Bonus
- $18,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $32,040 + $32,040 related
- Filer's total
- $285,040 + $32,040 related
-
Donna EttensonDONNA ETTENSON
VP OPERATIONS
- Total calculated
- $155,455
- From this org
- $126,575
- From related orgs
- $0
- Other
- $28,880
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $126,575
- Bonus
- $0
- Other
- $0
- Deferred
- $7,166
- Nontaxable benefits
- $21,714
- Filer's total
- $155,455
-
Brett ThibodeauBRETT THIBODEAU
DIRECTOR OF MEMBERSHIP SERVICES
- Total calculated
- $109,822
- From this org
- $103,325
- From related orgs
- $0
- Other
- $6,497
- 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
-
REINGOLD
$2,063,460
CENTRAL WEB-PLATFORM & TRAINING TO ASSIST SMALL BUSINESS WITH COVID-19 EFFECTS.
-
MTX GROUP INC
$1,879,000
CENTRAL WEB-PLATFORM & TRAINING TO ASSIST SMALL BUSINESS WITH COVID-19 EFFECTS.
-
GALVAN & ASSOCIATES INC
$779,811
CENTRAL WEB-PLATFORM & TRAINING TO ASSIST SMALL BUSINESS WITH COVID-19 EFFECTS.
-
LEAD ONLINE ACADEMY INC
$295,950
CENTRAL WEB-PLATFORM & TRAINING TO ASSIST SMALL BUSINESS WITH COVID-19 EFFECTS.
-
NICOLE ANTOINETTE CONSULTING LLC
$255,525
CENTRAL WEB-PLATFORM & TRAINING TO ASSIST SMALL BUSINESS WITH COVID-19 EFFECTS.
-
SQUIRE PATTON BOGGS LLP
$192,899
CENTRAL WEB-PLATFORM & TRAINING TO ASSIST SMALL BUSINESS WITH COVID-19 EFFECTS.
-
501CENTRAL WEB-PLATFORM & TRAINING TO ASSIST SMALL BUSINESS WITH COVID-19 EFFECTS.
-
BDO USA LLP
$34,469
CENTRAL WEB-PLATFORM & TRAINING TO ASSIST SMALL BUSINESS WITH COVID-19 EFFECTS.
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.
-
FOUNDATION FOR SMALL BUSINESS DEVELOPMENT
SECTION 501(C)(3) · TO SUPPORT EDUCATION AND RESEARCH RELATED TO SMALL BUSINESS INDUSTRY. · VA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303189349313215
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