Americans For A Balanced Budget
- Assets
- $241.1k
- Revenue
- $937.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 46-4576284
Organization Overview
Americans For A Balanced Budget is located in Raleigh, NC. The organization was established in 2014. According to its NTEE Classification (R05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Americans For A Balanced Budget is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Americans For A Balanced Budget generated $937.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 57.3% each year . All expenses for the organization totaled $952.1k during the year ending 12/2023. 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
ORIGINALLY IN OPERATION DURING THE 1980S AND 1990S, AMERICANS FOR A BALANCED BUDGET (ABB) WAS RE-FOUNDED IN 2009 IN RESPONSE TO THE RECKLESS FISCAL POLICIES OF THE BIG-SPENDING, OUT-OF-CONTROL POLITICIANS IN WASHINGTON, D.C. WITH THE NATIONAL DEBT SOARING PAST 30 TRILLION DOLLARS, IT IS CLEAR TO MILLIONS OF AMERICANS THAT THIS MASSIVE DEBT IS OUR GREATEST NATIONAL SECURITY RISK IN THE 21ST CENTURY. ABB PROVIDES A VOICE FOR AMERICAN TAXPAYERS WHO BELIEVE THE UNITED STATES MUST GET ITS SPENDING UNDER CONTROL IN ORDER TO SURVIVE AND PROSPER. ABB IS AN EFFECTIVE ADVOCACY ORGANIZATION WORKING TOWARD A BALANCED BUDGET AMENDMENT, A MODERNIZED TAX CODE AND OTHER COMMON SENSE POLICY OBJECTIVES WHICH WILL HELP AMERICA GET ITS FISCAL HOUSE IN ORDER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMERICANS FOR A BALANCED BUDGET (ABB) CONDUCTED ISSUE ADVOCACY, INCLUDING ISSUE ADVOCACY CAMPAIGNS OPPOSING HR1 AND THE BUDGET RECONCILIATION BILL; PUBLICLY SUPPORTED THE PATENT REFORM BILL BEFORE CONGRESS AND HIGHLIGHTED WORLD IP DAY; SPONSORED,PRODUCED, AND PLACED DIGITAL ADS IN FAVOR OF ALLOWING REDUCED RISK NICOTINE PRODUCTS AND IN SUPPORT OF PUBLIC POLICIES THAT INCREASE THE AVAILABILITY OF CLEAN ENERGY; OPERATED PHARMACY BENEFIT MANAGER EDUCATION AD CAMPAIGN; AND PROVIDED GRANTS TO ORGANIZATIONS THAT ALIGNED WITH THE MISSION OF ABB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hon Thomas Cowart Goolsby Jr ESQ Chairman | OfficerTrustee | $0 | |
Chad Adam Heflin Secretary | OfficerTrustee | $0 | |
Roger Lee Currie Jr Treasurer | OfficerTrustee | $0 | |
Douglas F Stewart III President | Officer | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Flex Point Media Advertising | 12/30/23 | $180,000 |
The Stewart Group Consulting | 12/30/23 | $110,000 |
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 | $936,980 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $936,980 |
| Total Program Service Revenue | $0 |
| 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 | $936,980 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $570,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,924 |
| Fees for services: Accounting | $780 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $365,237 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $195 |
| Total functional expenses | $952,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,149 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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 | $241,149 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $241,149 |
| 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 | $241,149 |
Grants Awarded
Over the last fiscal year, Americans For A Balanced Budget has awarded $980,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VETERANS ON DUTY INC PURPOSE: ISSUE SUPPORT | $150,000 |
RESULTS FOR NC INC PURPOSE: GENERAL SUPPORT | $830,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Americans For A Balanced Budget Raleigh, NC | $241,149 | $936,980 |
Think Tennessee Nashville, TN | $1,033,260 | $819,753 |
Cherish Freedom Foundation Alexandria, VA | $216,262 | $758,076 |
Liberty Guard Inc Atlanta, GA | $26,207 | $0 |
Conflict Awareness Project Ashland, VA | $108,717 | $385,754 |
Cause Of Action Institute Arlington, VA | $126,657 | $200,011 |
Ben Marion Institute For Social Justice Inc Atlanta, GA | $1,485,135 | $1,655,601 |
Article Iii Foundation Alexandria, VA | $126,310 | $269,620 |
Georgiaforward Inc Atlanta, GA | $131,917 | $124,838 |
North Carolina Firearms Coalition Inc Raleigh, NC | $60,281 | $0 |
Dignity Defense Institute Franklin, TN | $4,130 | $0 |
Defense Priorities Initiative Arlington, VA | $57,770 | $0 |
Center For A Better South Charleston, SC | $6,632 | $0 |
Capitol Leaders Institute Inc Arlington, VA | $102,450 | $0 |
Crockett Policy Institute Alamo, TN | $0 | $0 |
Academy Of Critical Thinking Inc Atlanta, GA | $3,830 | $1,360 |