Start Small Think Big Inc
- Assets
- $4.4m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 12
- Location
- New York, NY
- Founding
- 11/2010
- Data as of
- 12/2023
- EIN
- 27-1821066
Organization Overview
Start Small Think Big Inc is located in New York, NY. The organization was established in 2010. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. As of 12/2023, Start Small Think Big Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Start Small Think Big Inc 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 12/2023, Start Small Think Big Inc generated $3.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $5.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Start Small Think Big Inc has awarded 68 individual grants totaling $878,966. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO HELP ENTREPRENEURS WHO FACE SYSTEMIC BARRIERS BUILD A THRIVING BUSINESS AND ACCESS AN ECOSYSTEM OF RESOURCES AND SUPPORT.
FUNDS WERE RAISED IN 2021 TO BEGIN A PILOT CAPITAL FUND AND INVEST CAPITAL IN SMALL BUSINESSES WHO SHOWED GROWTH POTENTIAL BUT LACKED ACCESS TO CAPITAL TO SUPPORT GROWTH PLANS. RECIPIENT ENTREPRENEURS ALSO BENEFIT FROM START SMALLS WRAPAROUND TECHNICAL ASSISTANCE SERVICES TO AUGMENT THE CAPITAL INJECTION INTO THEIR BUSINESS. THE PILOT LAUNCHED IN 2022 AND CONTINUED IN 2023. BY DECEMBER 31, 2023 START SMALL HAD AWARDED A TOTAL OF $292,500 IN GRANTS TO 14 SMALL BUSINESSES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francesca Odell Chair | OfficerTrustee | 1 | $0 |
Erik Knutzen Treasurer | OfficerTrustee | 1 | $0 |
Mark Kesslen Secretary | OfficerTrustee | 1 | $0 |
Marci Brenholz Secretary | OfficerTrustee | 1 | $0 |
Alison Mckinnel King Director | Trustee | 1 | $0 |
Laura Kozien Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $66,293 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,432,976 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,499,269 |
| Total Program Service Revenue | $0 |
| Investment income | $105,688 |
| 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 | $3,609,944 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $375,000 |
| Grants and other assistance to domestic individuals. | $50,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $546,849 |
| Compensation of current officers, directors, key employees. | $121,382 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,498,979 |
| Pension plan accruals and contributions | $12,496 |
| Other employee benefits | $258,559 |
| Payroll taxes | $308,885 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,072 |
| Fees for services: Accounting | $15,460 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $611,392 |
| Advertising and promotion | $219,928 |
| Office expenses | $4,060 |
| Information technology | $62,194 |
| Royalties | $0 |
| Occupancy | $24,137 |
| Travel | $5,811 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $106,426 |
| Insurance | $25,970 |
| All other expenses | $0 |
| Total functional expenses | $5,196,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,011,260 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $766,589 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $56,832 |
| Net Land, buildings, and equipment | $232,086 |
| Investments—publicly traded securities | $292,314 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,359,081 |
| Accounts payable and accrued expenses | $107,841 |
| Grants payable | $0 |
| Deferred revenue | $9,175 |
| 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 | $117,016 |
| Net assets without donor restrictions | $3,382,561 |
| Net assets with donor restrictions | $859,504 |
| 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 | $4,359,081 |
Grants Awarded
Over the last fiscal year, Start Small Think Big Inc has awarded $387,500 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
CHELSEE PAIGE KARNES DOUG'S UPHOLSTERY PURPOSE: Growth of small business | $10,000 |
ONYEMAECHI AHARANWA PINME 1913 PURPOSE: Seed capital | $25,000 |
DIVINE CREATIVITY INC COQUI THE CHEF PURPOSE: Seed capital | $12,500 |
RAPID RYTHMS REWARDS LLC DBA SOFIA AND GRACE COOKIE CO LLC PURPOSE: Seed capital | $25,000 |
DOMENIC MING PINK FOLDER FILM HOUSE LLC PURPOSE: Seed capital | $15,000 |
DAWN DEMRY THE LITTLE HOT DOG WAGON LLC PURPOSE: Seed capital | $25,000 |