National Veteran Small Business Coalition
- Assets
- $203.7k
- Revenue
- $868.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Fairfax, VA
- Founding
- 09/2012
- Data as of
- 12/2021
- EIN
- 27-2901001
Organization Overview
National Veteran Small Business Coalition is located in Fairfax, VA. The organization was established in 2012. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, National Veteran Small Business Coalition employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Veteran Small Business Coalition 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 12/2021, National Veteran Small Business Coalition generated $868.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.5% each year . All expenses for the organization totaled $946.7k during the year ending 12/2021. While expenses have increased by 31.8% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE NATIONALLY RECOGNIZED TRAINING, NETWORKING, AND ADVOCACY FOR VETERAN SMALL BUSINESS ENTREPRENEURS IN THE FEDERAL MARKET TO ENSURE THEY ARE PROCUREMENT READY AND HAVE ENHANCED ACCESS TO OPPORTUNITIES TO START, OPERATE, SUSTAIN, AND GROW COMPETITIVE AND STRONG BUSINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING - DEVELOPING THE KNOWLEDGEBASE AND SKILLS VETERAN BUSINESS OWNERS NEED TO FUNCTION AS SUCCESSFUL FEDERAL CONTRACTORS AND SUBCONTRACTORS. NVSBC IS CONTINUALLY INVESTING IN THE DEVELOPMENT AND DELIVERY OF CUSTOMIZED VETERAN SMALL BUSINESS TRAINING TO ENSURE YOU AND YOUR FIRM ARE "PROCUREMENT READY" FOR THE NEW OPPORTUNITIES. THIS INCLUDES SCHOLARSHIPS TO DESERVING NEW VETERAN ENTREPRENEURS TO ATTEND THESE PROGRAMS. THE ANNUAL VETERAN ENTREPRENEUR TRAINING SYMPOSIUM (VETS) - A CONVENING OF OVER 400 ATTENDEES MADE UP OF VETERAN OWNED SMALL BUSINESSES, FEDERAL AGENCIES, AND PRIME CONTRACTORS - INCLUDES AWARDS, EXHIBITS, TRAINING, NETWORKING, AND MATCH-MAKING. ROUTINE AND CONSISTENT WEBINARS PROVIDING TRAINING AND EDUCATION IN SUPPORT OF BUSINESS OPERATIONS AND PROCUREMENT READINESS.
NETWORKING - CONNECTING VETERAN ENTREPRENEURS WITH THE BUSINESS OPPORTUNITIES THEY NEED TO SUCCEED IN THE COMPLEX FEDERAL MARKETPLACE. MONTHLY CHAPTER MEETINGS PROMOTE LOCAL NETWORKING AND OPPORTUNITIES FOR VETERAN BUSINESS OWNERS AND ENTREPRENEURS. MENTORING PROVIDE START-UP MEMBER COMPANIES WITH A "GO TO" ADVISOR/COACH, MATCHING SUCCESSFUL MEMBERS WITH START-UP MEMBERS TO LEARN AND ENCOURAGE VETERANS HELPING VETERANS. MATCH MAKING PROGRAMS FACILITATE INTRODUCTIONS, NETWORKING, GOVERNMENT AGENCY CONNECTIONS AND NEW BUSINESS OPPORTUNITIES.
ADVOCACY - PROMOTING POLICIES AND ACQUISITION STRATEGIES THAT FURTHER THE PARTICIPATION OF VETERAN-OWNED SMALL BUSINESS IN FEDERAL CONTRACTING AND SUBCONTRACTING OPPORTUNITIES. NVSBC ENGAGES CONGRESSIONAL AND FEDERAL LEADERSHIP ON ISSUES OF IMPORTANCE TO THE VETERAN SMALL BUSINESS COMMUNITY. ACTIVITIES INCLUDE MEETINGS WITH PRINCIPALS AND STAFF, PROVIDING BRIEFINGS AND TESTIMONY, PROPOSING, AND REVIEWING POLICY AND LEGISLATION, AND PROVIDING VETERAN OWNED BUSINESS TRAINING FOR FEDERAL EMPLOYEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Jensen Executive Director | OfficerTrustee | 40 | $107,141 |
Edward Tuorinsky President | OfficerTrustee | 10 | $0 |
Norris Middleton Treasurer | OfficerTrustee | 8 | $0 |
Antonio Moscatelli Vice President | OfficerTrustee | 6 | $0 |
William Dunn Secretary | OfficerTrustee | 6 | $0 |
William Belknap Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $129,040 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $24,376 |
| All other contributions, gifts, grants, and similar amounts not included above | $121,368 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $274,784 |
| Total Program Service Revenue | $593,202 |
| Investment income | $23 |
| 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 | $868,009 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $176,609 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,661 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $104,312 |
| Fees for services: Accounting | $7,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,113 |
| Advertising and promotion | $25,005 |
| Office expenses | $17,110 |
| Information technology | $250 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $413 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $331,401 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,619 |
| All other expenses | $872 |
| Total functional expenses | $946,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,965 |
| Savings and temporary cash investments | $82,744 |
| Pledges and grants receivable | $0 |
| 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 | $17,857 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $169 |
| Total assets | $203,735 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,115 |
| Total liabilities | $2,115 |
| Net assets without donor restrictions | $0 |
| 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 | $201,620 |
| Total liabilities and net assets/fund balances | $203,735 |
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