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Business Action Fund FY2020 filing

N Bethesda, MD501(c)(4) EIN 83-2618697Revenue $270K in FY2020

On file with the IRS909 Rose Ave Ste 400, 20852-8758 · N Bethesda, MDTax-exempt since Oct 2020

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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.

85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · 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
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
162 mo
of spending, in cash
Looks good: 161.9 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
$0
0% of total assets
Looks good: liabilities are 0% 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
$270K
Spent
$19K
To programs
85%
Net assets
$251K
By yearFY2020–FY2024
Revenue
$270K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$270K
FY2022$253K
FY2023$102K
FY2024$56K
Expenses
$19K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$19K
FY2022$315K
FY2023$179K
FY2024$52K
Net assets
$251K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$251K
FY2022$437K
FY2023$359K
FY2024$363K

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

85 cents of each dollar spent went to programs.

Program services 85% · $16K Management & general 15% · $3K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Reshonda Young
Vice Chair
$0Pt VII · Sec A
David Borris
Secretary
$0Pt VII · Sec A
Jim Houser
Treasurer
$0Pt VII · Sec A
Stephen Michael
Executive Director
$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.

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Provided by the organization

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1 program · $16K · in their own filed words · FY2020
01

Main Street Alliance

The Main Street Alliance (MSA) is a national network of small business coalitions working to build a new voice for small businesses on important public policy issues. Main Street Alliance members are working throughout the country to build policies that work for business owners, their employees, and the communities they serve.

$16Kprogram expense

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 FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$270K
Ln 12
Gifts and grantsLn 1h$270K
Money outPt IX
$19K
Ln 25
Programscol B$16K
Managementcol C$3K
Owns and owesPt X
$251K
net assets · Ln 32
Cash and savingsLn 1–2$251K
Total assetsLn 16$251K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$270K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Total revenueLn 12$270K
Assets in detailPt X, end of year
CashLn 1$251K
Cash and savings togetherLn 1–2$251K
Total assetsLn 16$251K
LiabilitiesLn 26$0
Net assetsLn 32$251K
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 FY20End FY20
Cash and savingsLn 1–2$251K
Total assetsLn 16$0$251K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$251K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$3K$3K
Advertising and promotionLn 12$12K$12K
Office expensesLn 13$1K$1K$46
Total functional expensesLn 25$19K$16K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $270K$19K$251K$251K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $270,000 revenue, 12 lines filed
I-8 Contributions and grants$270,000
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $0$270,000
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$18,624
I-18 Total expensesPrior year $0$18,624
I-19 Revenue less expensesPrior year $0$251,376
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $270,000 across 9 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$270,000
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$270,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$270,000
Part IX · Statement of functional expenses $18,624 across 4 lines filed
IX-11b Legal feesPrograms $2,301$2,301
IX-11c Accounting feesManagement $2,765$2,765
IX-12 Advertising and promotionPrograms $12,499$12,499
IX-13 Office expensesPrograms $1,013 · Management $46$1,059
IX-25 Total functional expensesPrograms $15,813 · Management $2,811 · Fundraising $0$18,624
Part X · Balance sheet $251,376 assets, 8 lines filed
X-1 Cash, non-interest-bearing$251,207
X-4 Accounts receivable$169
X-16 Total assetsStart of year $0$251,376
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $0$218,043
X-28 Net assets with donor restrictionsStart of year $0$33,333
X-32 Total net assets or fund balancesStart of year $0$251,376
X-33 Total liabilities and net assetsStart of year $0$251,376
Part XI · Reconciliation of net assets $251,376 net assets at year end
XI-1 Total revenue$270,000
XI-2 Total expenses$18,624
XI-3 Revenue less expenses$251,376
XI-4 Net assets at start of year$0
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$251,376

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

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