Association Of Small Business Development Centers
- Assets
- $2.3m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Burke, VA
- Founding
- 10/1979
- Data as of
- 12/2022
- EIN
- 01-0365191
Organization Overview
Association Of Small Business Development Centers, operating under the name America's Sbdc, is located in Burke, VA. The organization was established in 1979. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, America's Sbdc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. America's Sbdc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, America's Sbdc generated $8.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $8.4m during the year ending 12/2022. While expenses have increased by 16.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, America's Sbdc has awarded 37 individual grants totaling $20,958,032. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT ITS MEMBERS IN THEIR EFFORTS TO ASSIST THE DEVELOPMENT OF SMALL BUSINESS IN THE U.S.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Lawrence Director | Trustee | 1 | $0 |
Lisa Shimkat Vice Chairman | OfficerTrustee | 1 | $0 |
Linda Rossi Chairman | OfficerTrustee | 1 | $0 |
Kristin Johnson Director | Trustee | 1 | $0 |
Byron Hicks Director | Trustee | 1 | $0 |
Mike Bowman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $8,215,966 |
| Investment income | $121 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,216,087 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,573,971 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $285,040 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $408,807 |
| Pension plan accruals and contributions | $18,226 |
| Other employee benefits | $60,873 |
| Payroll taxes | $41,642 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $309 |
| Fees for services: Accounting | $59,244 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $301,908 |
| Advertising and promotion | $110,748 |
| Office expenses | $86,403 |
| Information technology | $15,403 |
| Royalties | $0 |
| Occupancy | $18,965 |
| Travel | $157,016 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $981,044 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $638 |
| Insurance | $20,132 |
| All other expenses | $10,164 |
| Total functional expenses | $8,358,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $349,220 |
| Savings and temporary cash investments | $218,925 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $94,734 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $188 |
| Prepaid expenses and deferred charges | $54,599 |
| Net Land, buildings, and equipment | $1,393 |
| Investments—publicly traded securities | $1,612,138 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,331,197 |
| Accounts payable and accrued expenses | $81,042 |
| Grants payable | $0 |
| Deferred revenue | $31,673 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $112,715 |
| Net assets without donor restrictions | $2,218,482 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,331,197 |
Grants Awarded
Over the last fiscal year, Association Of Small Business Development Centers has awarded $5,573,971 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BDO USA LLP PURPOSE: CENTRAL WEB-PLATFORM & TRAINING TO ASSIST SMALL BUSINESS WITH COVID-19 EFFECTS. | $34,469 |
AWBC - ASSOCIATION OF WOMENS BUSINESS CENTERS PURPOSE: 501CENTRAL WEB-PLATFORM & TRAINING TO ASSIST SMALL BUSINESS WITH COVID-19 EFFECTS. | $72,857 |
LEAD ONLINE ACADEMY INC PURPOSE: CENTRAL WEB-PLATFORM & TRAINING TO ASSIST SMALL BUSINESS WITH COVID-19 EFFECTS. | $295,950 |
GALVAN & ASSOCIATES INC PURPOSE: CENTRAL WEB-PLATFORM & TRAINING TO ASSIST SMALL BUSINESS WITH COVID-19 EFFECTS. | $779,811 |
NICOLE ANTOINETTE CONSULTING LLC PURPOSE: CENTRAL WEB-PLATFORM & TRAINING TO ASSIST SMALL BUSINESS WITH COVID-19 EFFECTS. | $255,525 |
SQUIRE PATTON BOGGS LLP PURPOSE: CENTRAL WEB-PLATFORM & TRAINING TO ASSIST SMALL BUSINESS WITH COVID-19 EFFECTS. | $192,899 |