Small Business Synergy Corporation
- Assets
- $2.3m
- Revenue
- $731.9k
- Investments
- $0.0
- Employees
- 0
- Location
- St Charles, MO
- Founding
- 09/1992
- Data as of
- 12/2021
- EIN
- 43-1600603
Organization Overview
Small Business Synergy Corporation is located in St Charles, MO. The organization was established in 1992. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Small Business Synergy Corporation 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 Synergy Corporation generated $731.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $809.3k during the year ending 12/2021. While expenses have increased by 2.5% 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
DEVELOPMENT OF SMALL BUSINESSES TO STIMULATE ECONOMIC GROWTH AND CREATE JOBS AND WEALTH IN ST. CHARLES COUNTY MISSOURI
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FACILITIES AND OTHER RESOURCES TO START-UP AND EMERGING BUSINESSES IN ORDER TO FACILITATE GROWTH AND FUTURE DEVELOPMENT OF SMALL BUSINESSES IN ST. CHARLES COUNTY, MISSOURI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Fitter Treasurer | OfficerTrustee | 0.01 | $0 |
Larry Dobrosky Secretary | OfficerTrustee | 0.01 | $0 |
Linda Luera-Sanchez Chair | OfficerTrustee | 0.01 | $0 |
Keith Schneider Vice Chair | OfficerTrustee | 0.01 | $0 |
Scott Drachnik CEO | Officer | 8 | $0 |
Craig Frahm CFO | Officer | 30 | $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 | $500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $500 |
| Total Program Service Revenue | $719,553 |
| Investment income | $11,861 |
| 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 | $731,914 |
| 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. | $157,802 |
| Compensation of current officers, directors, key employees. | $76,581 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,257 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,027 |
| Payroll taxes | $15,836 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $833 |
| Fees for services: Accounting | $13,130 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,771 |
| Office expenses | $58,787 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $141,456 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,417 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $186,517 |
| Insurance | $30,299 |
| All other expenses | $0 |
| Total functional expenses | $809,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,136 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,697 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $220,224 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,896,305 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $25,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,338,362 |
| Accounts payable and accrued expenses | $10,860 |
| 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 | $1,065,603 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $41,189 |
| Total liabilities | $1,117,652 |
| Net assets without donor restrictions | $1,180,710 |
| Net assets with donor restrictions | $40,000 |
| 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 | $2,338,362 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Small Business Synergy Corporation has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Commerce Foundation Kansas City, MO PURPOSE: USED AT THE DISCRETION OF THE BOARD OF DIRECTORS OR TRUSTEES AS THEY SEE FIT FOR OPERATING THEIR ORGANIZATION. | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Union Of Operating Engineers Local 399 Chicago, IL | $96,961,907 | $69,218,170 |
Imagine The Possibilities Inc Maquoketa, IA | $31,709,924 | $54,097,733 |
Operating Engineers Local 150 Apprenticeship Fund Countryside, IL | $65,849,227 | $38,699,525 |
Eastern Kentucky Concentrated Employment Program Inc Hazard, KY | $3,193,926 | $15,607,928 |
Vacation Fund Of Engineers Local 513 Bridgeton, MO | $4,041,633 | $12,513,206 |
Ibew Local 701 Vacation Fund Warrenville, IL | $3,565,124 | $11,822,716 |
Apprentice And Journeymen Education And Training Trust Fund U/A 130 Chicago, IL | $39,945,456 | $7,959,512 |
Illinois Laborers & Contractors Training Trust Fund Mt Sterling, IL | $29,577,263 | $7,640,273 |
North Iowa Vocational Center Inc Mason City, IA | $4,774,604 | $7,439,671 |
Skills For Chicagolands Future Chicago, IL | $6,984,801 | $8,975,489 |
Point Programs Inc Covington, KY | $8,847,119 | $6,355,202 |
Baby Talk Inc Decatur, IL | $9,494,963 | $4,842,446 |