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Coalition for Business Development FY2020 filing

Denver, COUnknown exempt organizationSince 2018EIN 83-1996899Revenue $480K in FY2020

On file with the IRScoaltionforbusinessdevelopment.com675 15th Street Suite 2900 · Denver, CO

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To advocate for Business Development companies as critical components of main street small, middle market and venture lending, job creation, and economic growth with policymakers, thought leaders, and the general public.

Mission: Form 990 Part I, line 1

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $9K a year · 2% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 10.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
22
of 22 voting members
Looks good: 22 of 22 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$480K
Spent
$482K
To programs
0%
Net assets
$436K
By yearFY2020–FY2025
Revenue
$480K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$480K
FY2021$450K
FY2022$360K
FY2023$420K
FY2024$180K
FY2025$600K
Expenses
$482K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$482K
FY2021$427K
FY2022$408K
FY2023$423K
FY2024$363K
FY2025$330K
Net assets
$436K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$436K
FY2021$459K
FY2022$411K
FY2023$407K
FY2024$224K
FY2025$494K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Management & general 100% · $482K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

22 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Joseph Glatt
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Greg Hunt
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Tom Hennigan
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Coalition for Business Development executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Advocates for business development companies to boost small business lending, job creation, and economic growth.

Questions for Coalition for Business Development

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Provided by the organization

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By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$480K
Ln 12
Gifts and grantsLn 1h$480K
Money outPt IX
$482K
Ln 25
Managementcol C$482K
Owns and owesPt X
$436K
net assets · Ln 32
Cash and savingsLn 1–2$436K
Total assetsLn 16$436K
LiabilitiesLn 26$0
PeoplePt VI, VII
22
listed · VII A
PaidVII A0
Voting boardVI 1a22
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$480K
Total revenueLn 12$480K
Assets in detailPt X, end of year
CashLn 1$436K
Cash and savings togetherLn 1–2$436K
Total assetsLn 16$436K
LiabilitiesLn 26$0
Net assetsLn 32$436K
OperationsPt I, VI
EmployeesI 50
VolunteersI 618
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$259K$436K
Total assetsLn 16$439K$436K
LiabilitiesLn 26$0$0
Net assetsLn 32$439K$436K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$6K$6K
TravelLn 17$350$350
Other expenses (24a–d)Ln 24$476K$476K
Total functional expensesLn 25$482K$0$482K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $600K$330K$270K$494K 990 PDF
FY2024 $180K$363K−$183K$224K 990 PDF
FY2023 $420K$423K−$3K$407K 990 PDF
FY2022 $360K$408K−$48K$411K 990 PDF
FY2021 $450K$427K$23K$459K 990 PDF
FY2020 Viewing $480K$482K−$2K$436K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $480,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $480,000$480,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $480,000$480,000
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $521,063$482,430
I-18 Total expensesPrior year $521,063$482,430
I-19 Revenue less expensesPrior year −$41,063−$2,430
Part VI · Governance 22 of 22 board members independent, 3 to look at
VI-1a Voting members of the governing body22
VI-1b Independent voting members22
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $480,000 across 3 lines filed
VIII-1b Membership dues$480,000
VIII-1h Total contributions, gifts and grants$480,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$480,000
Part IX · Statement of functional expenses $482,430 across 3 lines filed
IX-11g Other fees for servicesManagement $6,300$6,300
IX-17 TravelManagement $350$350
IX-24 Other expenses (24a–d)Management $475,780$475,780
IX-25 Total functional expensesPrograms $0 · Management $482,430 · Fundraising $0$482,430
Part X · Balance sheet $436,466 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $258,896$436,466
X-4 Accounts receivableStart of year $180,000$0
X-16 Total assetsStart of year $438,896$436,466
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $438,896$436,466
X-33 Total liabilities and net assetsStart of year $438,896$436,466
Part XI · Reconciliation of net assets $436,466 net assets at year end
XI-1 Total revenue$480,000
XI-2 Total expenses$482,430
XI-3 Revenue less expenses−$2,430
XI-4 Net assets at start of year$438,896
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$436,466

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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