Small Business Majority Foundation Inc

Organization Overview

Small Business Majority Foundation Inc, operating under the name Small Business Majority, is located in Washington, DC. The organization was established in 2010. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Small Business Majority employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Small Business Majority is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Small Business Majority generated $5.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $4.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORT AMERICA'S 28 MILLION SMALL BUSINESSES VIA PUBLIC POLICY ADVOCACY AND PRACTICAL RESOURCES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OUTREACH, EDUCATION & ADVOCACY - WE CONDUCT OUTREACH FROM OUR OFFICES IN WASHINGTON, DC, CALIFORNIA, COLORADO, ILLINOIS, AND GEORGIA, WITH A FOCUS ON SERVING THE NEEDS OF SMALL BUSINESS OWNERS WHO FACE SYSTEMIC BARRIERS INCLUDING WOMEN, PEOPLE OF COLOR, IMMIGRANTS, AND THOSE OPERATING IN RURAL AREAS. WE PROVIDE A SUITE OF EDUCATIONAL PROGRAMS AND RESOURCES TO EMPOWER ENTREPRENEURS TO START AND GROW THEIR ENTERPRISES AND MAXIMIZE THEIR ECONOMIC PROSPERITY ON TOPICS LIKE ACCESS TO CAPITAL AND COVID-19 RELIEF, HEALTHCARE, RETIREMENT SAVINGS, AND WORKFORCE ISSUES. FURTHERMORE, WE PROVIDE SMALL BUSINESS OWNERS OPPORTUNITIES TO ADVOCATE FOR PUBLIC POLICY CHANGES IN THESE AREAS THAT ADVANCE ENTREPRENEURSHIP. OUR NETWORK IS COMPRISED OF 85,000 SMALL BUSINESS OWNERS AND MORE THAN 1,500 BUSINESS ORGANIZATIONS. OUR WORK IS GUIDED BY A NATIONAL AND STATE SMALL BUSINESS COUNCILS OF ACTIVE SMALL BUSINESS OWNERS.


COMMUNICATIONS - WE COMMUNICATE OUR MESSAGE TO POLICYMAKERS AND THE MEDIA VIA EXTENSIVE PUBLIC RELATIONS EFFORTS TARGETING MAINSTREAM ELECTRONIC, PRINT, AND ONLINE MEDIA. OUR WORK INCLUDES ONE-ON-ONE COMMUNICATION WITH REPORTERS, PRESS RELEASES, OP-EDS, LETTERS TO THE EDITOR, MULTIPLE WEB SITES, A BI-WEEKLY NEWSLETTER, AND DAILY COMMUNICATION VIA A HOST OF SOCIAL MEDIA CHANNELS.


RESEARCH - WE CONDUCT WIDE-RANGING RESEARCH TO UNDERSTAND SMALL BUSINESS OWNERS' NEEDS, CHALLENGES, AND OPPORTUNITIES. FOCUSED ON UNCOVERING THE PERSPECTIVES OF BUSINESSES OWNED BY PEOPLE OF COLOR, WOMEN, AND OTHER UNDER-RESOURCED ENTREPRENEURS, WE COMMUNICATE OUR FINDINGS TO POLICYMAKERS, THE MEDIA, AND OTHER STAKEHOLDERS. OUR RESEARCH PRODUCTS INCLUDE SCIENTIFIC OPINION POLLING, INTERNAL NETWORK SURVEYS, FOCUS GROUPS, AND ROUNDTABLE DISCUSSIONS. WE WORK WITH ACADEMIC AND OTHER RESEARCH INSTITUTIONS TO AGGREGATE AND SYNTHESIZE DATA TO BETTER UNDERSTAND THE CHALLENGES FACED BY UNDER-RESOURCED ENTREPRENEURS AND ASSESS THE BENEFIT OF PUBLIC POLICIES AND TARGETED RESOURCE INTERVENTIONS.


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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$5,043,854
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,043,854
Total Program Service Revenue$0
Investment income $315
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 $5,051,591

Grants Recieved

Over the last fiscal year, we have identified 18 grants that Small Business Majority Foundation Inc has recieved totaling $3,111,531.

Awarding OrganizationAmount
James Irvine Foundation

San Francisco, CA

PURPOSE: TO SUPPORT CA SMALL BUSINESSES

$1,050,000
Silicon Valley Community Foundation

Mountain View, CA

PURPOSE: Community Development

$500,000
Sobrato Family Foundation

Mountain View, CA

PURPOSE: TO SUPPORT SMALL BUSINESS MAJORITY TO BUILD AN EQUITABLE RECOVERY FOR SILICON VALLEY'S UNDER-REPRESENTED ENTREPRENEURS BY INCREASING ACCESS TO RELIEF FUNDING, STRENGTHENING BUSINESSES, AND BUILDING THE SILICON VALLEY SMALL BUSINESS ECOSYSTEM.

$225,000
Sobrato Family Foundation

Mountain View, CA

PURPOSE: TO SUPPORT SMALL BUSINESS MAJORITY TO BUILD AN EQUITABLE RECOVERY FOR SILICON VALLEY'S UNDER-REPRESENTED ENTREPRENEURS BY INCREASING ACCESS TO RELIEF FUNDING, STRENGTHENING BUSINESSES, AND BUILDING THE SILICON VALLEY SMALL BUSINESS ECOSYSTEM.

$225,000
Prudential Foundation Inc

Newark, NJ

PURPOSE: INCREASING ORGANIZATIONAL CAPACITY TO BETTER SERVE ATLANTAS DIVERSE SMALL BUSINESS OWNERS

$125,000
David And Lucile Packard Foundation

Los Altos, CA

PURPOSE: CHILDREN, FAMILIES, AND COMMUNITIES

$125,000
View Grant Recipient Profile

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