Family Business Network Usa Inc
- Assets
- $66.2k
- Revenue
- $395.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Naples, FL
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 45-3127316
Organization Overview
Family Business Network Usa Inc, operating under the name Family Business Network N Amer, is located in Naples, FL. The organization was established in 2014. 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 12/2023, Family Business Network N Amer employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Business Network N Amer 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, Family Business Network N Amer generated $395.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $406.3k during the year ending 12/2023. While expenses have increased by 2.8% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE OWNERS OF FAMILY BUSINESSES AND TO PROMOTE SUCCESS AND SUSTAINABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ACHIEVE ITS GOAL OF EDUCATING OWNERS AND EMPLOYEES OF FAMILY BUSINESSES, FBN AND ITS MEMBERS PROVIDE INSTRUCTION TO INDIVIDUALS BY CREATING AND DISSEMINATING TRAINING MATERIALS ADDRESSING ISSUES COMMONLY FACED BY FAMILY BUSINESSES. BECAUSE MANY ISSUES THAT ARISE IN THE COURSE OF RUNNING A BUSINESS PRESENT UNIQUE CHALLENGES TO FAMILY BUSINESSES, THE MATERIALS AND THE FORUM FOR DISCUSSION PROVIDED BY FBN CAN BE INVALUABLE RESOURCES. THE MAJORITY OF FBN'S PRESENTERS ARE MEMBERS WHO SPEAK AT EVENTS EITHER AT NO CHARGE OR FOR TRAVEL EXPENSES, ALTHOUGH SOME MATERIALS ARE PROVIDED BY EXPERTS IN FAMILY BUSINESSES AND THEIR GOVERNANCE. FBN'S PROGRAMS ARE OPEN TO BOTH MEMBERS AND NON-MEMBERS, ALTHOUGH THE NUMBER OF PROGRAMS A NON-MEMBER MAY ATTEND EACH YEAR IS LIMITED. PROGRAMS TYPICALLY RUN AT BREAK-EVEN OR A SMALL LOSS. MEMBERSHIP BENEFITS INCLUDE:O INVITATIONS TO SEMINARS AND WEBINARS WITH PEERS;O PEER GROUP PARTICIPATION AND DISCUSSION FACILITATED BY FBN;O REGIONAL GATHERINGS;O WEBINAR SERIES ACCESSIBLE TO MEMBERS;O ACCESS TO THE NEXT GENERATION NETWORK;O ACCESS TO NEXT GENERATION INTERNSHIPS; ANDO ABILITY TO DRAW UPON THE EXPERIENCE OF A NATIONAL NETWORK OF SUCCESSFUL FAMILY BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Siemer Stice Chairman | OfficerTrustee | 5 | $0 |
Fred R Sasser Secretary | OfficerTrustee | 5 | $0 |
Colin Trabold Director | Trustee | 2 | $0 |
Dain Kistner Director | Trustee | 2 | $0 |
Kevin Costello Director | Trustee | 2 | $0 |
Oscar Perez Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $136,316 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $167,457 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $303,773 |
| Total Program Service Revenue | $92,097 |
| Investment income | $0 |
| 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 | $395,870 |
| 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. | $83,509 |
| Compensation of current officers, directors, key employees. | $16,702 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $66,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,787 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $226 |
| Fees for services: Accounting | $9,777 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,128 |
| Advertising and promotion | $0 |
| Office expenses | $749 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $24,089 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $109,403 |
| Interest | $1,083 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,749 |
| All other expenses | $2,084 |
| Total functional expenses | $406,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,409 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,000 |
| 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 | $3,756 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $66,165 |
| Accounts payable and accrued expenses | $3,682 |
| Grants payable | $0 |
| Deferred revenue | $45,996 |
| 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 | $49,678 |
| Net assets without donor restrictions | $16,487 |
| 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 | $66,165 |