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Business Action Fund

N Bethesda, MD501(c)(4)EIN 83-2618697

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In 2020 Business Action Fund supported its flagship project, main street Action, to advocate and lobby for small Business interests and to support Business owners to advocate for their own interests by telling their own stories about what makes their businesses successful and what types of policies would help their businesses thrive.

54¢ of each $1 spent went to programs.
Run by 5 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $29K a year · 17% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
54%
of spending
Worth a look: 54% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
88 mo
of spending, in cash
Looks good: 87.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $430K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$20K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$56K
-45% vs prior year
Spent
$52K
To programs
54%
Net assets
$363K
By yearFY2020–FY2024
Revenue
$56K
FY2024▼ -45%
Revenue by fiscal year
FY2020$270K
FY2022$253K
FY2023$102K
FY2024$56K
Expenses
$52K
FY2024▼ -71%
Expenses by fiscal year
FY2020$19K
FY2022$315K
FY2023$179K
FY2024$52K
Net assets
$363K
FY2024▲ +1.0%
Net assets by fiscal year
FY2020$251K
FY2022$437K
FY2023$359K
FY2024$363K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2020.

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

Where the money goes

54 cents of each dollar spent went to programs.

Program services 54% · $28K Management & general 42% · $22K Fundraising 4% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Richard Trent
Executive Director Since April 2024
$0Pt VII · Sec A
Chanda Causer
Executive Director Until February 2024
$0Pt VII · Sec A
David Borris
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Thomas Lee Johnson
Board Member
$0Pt VII · Sec A
Isral Debruin
Board Member
$0Pt VII · Sec A
See Business Action Fund 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 small businesses and empowers owners to share their stories and influence policy.

Provided by the organization

This section is blank until Business Action Fund claims this page.

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1 program service account for $28K of program spending, described in the organization's own filed words · FY2024.
01

Main Street Alliance

Business action fund dba main street action continued to advocate on behalf of small businesses across our core issue areas to advance policy that can improve local economies.

$28Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2021
America VotesFY2021$250K
Sixteen Thirty FundFY2021$125K
For West Virginia's Future INCFY2021$40K
Working Families Organization INCFY2021$15K
Total grants receivedfrom 4 funders$430K
See all 4 funders →
Grants paid · 2 grants · $37K · 2022–2024
Business Education FundMD · FY2024$5,782
People's ActionIL · FY2022$31,250

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$56K
Ln 12
Gifts and grantsLn 1h$50K
Investment incomeLn 3$6K
Money outPt IX
$52K
Ln 25
Programscol B$28K
Managementcol C$22K
Fundraisingcol D$2K
Owns and owesPt X
$363K
net assets · Ln 32
Cash and savingsLn 1–2$383K
Total assetsLn 16$383K
LiabilitiesLn 26$20K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$50K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$6K
Total revenueLn 12$56K
Assets in detailPt X, end of year
CashLn 1$208K
SavingsLn 2$176K
Cash and savings togetherLn 1–2$383K
Total assetsLn 16$383K
LiabilitiesLn 26$20K
Net assetsLn 32$363K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$368K$383K
Total assetsLn 16$368K$383K
LiabilitiesLn 26$8K$20K
Net assetsLn 32$359K$363K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$6K$6K
Other salaries and wagesLn 7$17K$14K$830$2K
Pension plan contributionsLn 8$445$445$0$0
Other employee benefitsLn 9$238$238$0$0
Payroll taxesLn 10$1K$1K$63$0
Legal feesLn 11b$1K$0$1K$0
Accounting feesLn 11c$19K$0$19K$0
Other fees for servicesLn 11g$952$952$0$0
Advertising and promotionLn 12$0
Office expensesLn 13$1K$298$822$0
TravelLn 17$3K$3K$0$0
Other expenses (24a–d)Ln 24$3K$3K$0$0
Total functional expensesLn 25$52K$28K$22K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $56K$52K$4K$363K 990 PDF
FY2023 $102K$179K−$77K$359K 990 PDF
FY2022 $253K$315K−$62K$437K 990 PDF
FY2021 Not on file
FY2020 $270K$19K$251K$251K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $56,408 across 11 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$50,473
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$50,473
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $5,935$5,935
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $5,935$56,408
Part IX · Statement of functional expenses $52,421 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $5,782$5,782
IX-7 Other salaries and wagesPrograms $13,804 · Management $830 · Fundraising $1,965$16,599
IX-8 Pension plan contributionsPrograms $445 · Management $0 · Fundraising $0$445
IX-9 Other employee benefitsPrograms $238 · Management $0 · Fundraising $0$238
IX-10 Payroll taxesPrograms $1,200 · Management $63 · Fundraising $0$1,263
IX-11b Legal feesPrograms $0 · Management $1,158 · Fundraising $0$1,158
IX-11c Accounting feesPrograms $0 · Management $19,274 · Fundraising $0$19,274
IX-11g Other fees for servicesPrograms $952 · Management $0 · Fundraising $0$952
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $298 · Management $822 · Fundraising $0$1,120
IX-17 TravelPrograms $2,738 · Management $0 · Fundraising $0$2,738
IX-24 Other expenses (24a–d)Programs $2,852 · Management $0 · Fundraising $0$2,852
IX-25 Total functional expensesPrograms $28,309 · Management $22,147 · Fundraising $1,965$52,421
Part X · Balance sheet $383,283 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $367,576$207,778
X-2 Savings and temporary cash investments$175,505
X-16 Total assetsStart of year $367,576$383,283
X-17 Accounts payable and accrued expensesStart of year $8,253$20,385
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $8,253$20,385
X-27 Net assets without donor restrictionsStart of year $359,323$362,898
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $359,323$362,898
X-33 Total liabilities and net assetsStart of year $367,576$383,283
Part XI · Reconciliation of net assets $362,898 net assets at year end
XI-1 Total revenue$56,408
XI-2 Total expenses$52,421
XI-3 Revenue less expenses$3,987
XI-4 Net assets at start of year$359,323
XI-5 Net unrealized gains (losses) on investments−$10
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses−$402
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$362,898

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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