Family Biz Builder
- Assets
- $46.6k
- Revenue
- $103.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Tunica, MS
- Founding
- 10/2014
- Data as of
- 12/2022
- EIN
- 47-1483063
Organization Overview
Family Biz Builder is located in Tunica, MS. The organization was established in 2014. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Biz Builder 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 12/2022, Family Biz Builder generated $103.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $134.8k during the year ending 12/2022. While expenses have increased by 26.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FAMILY BIZ BUILDER SERVED MORE THAN 84 PARTICIPANTS IN 2022: 33 PARTICIPANTS RECEIVED MENTORING SERVICES AND HOMEWORK ASSISTANCE IN READING COMPREHENSION, LANGUAGE ARTS AND MATH, 51 PARTICIPANTS LEARNED TENNIS, CHARACTER, AND LIFE SKILLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LITERACY AND EDUCATION PROGRAM OFFERED CHARACTER, LIFE SKILLS, AND ONLINE EDUCATIONAL CURRICULA TO YOUTHS 5 TO 17 YEARS OLD. THIRTY-SIX (33) YOUTHS WERE SERVED THROUGH THE PROGRAM. EXACT PATH EDUCATIONAL SOFTWARE WHICH PERSONALIZES LEARNING ACROSS GRADES K-12 IN READING, LANGUAGE ARTS, AND MATH WAS UTILIZED TO IMPROVE PARTICIPANTS READING COMPREHENSION, LANGUAGE ARTS AND MATH SKILLS. THE MENTOR/MENTEE MATCH APPROACH WAS USED WHICH MATCHED EACH PARTICIPANT WITH A MENTORING COACH THAT PROVIDED WEEKLY ONE-ON-ONE VIRTUAL MENTORING AND HOMEWORK ASSISTANCE SERVICES.
THE SPORTS & FITNESS NATIONAL JUNIOR LEARNING (NJTL) PRACTICE PARK OPENED. THE PURPOSE OF THE PRACTICE PARK IS TO INTRODUCE THE GAME OF TENNIS TO PARENTS AND YOUTH AND FOR THEM TO HAVE A PLACE TO PRACTICE BEFORE THEY GO ON THE TENNIS COURTS. THE PROGRAM OFFERED CHARACTER, LIFE SKILLS, AND TENNIS DEVELOPMENT WORKSHOPS TO YOUTHS 7 TO 17 YEARS OLD. THROUGH THE PROGRAM PARTICIPANTS LEARNED CHARACTER SKILLS, MULTI-SPORTS SKILLS, TENNIS SKILLS AND GAME SKILLS. THROUGH THE TENNIS PROGRAM YOUTH ENGAGED IN FITNESS ACTIVITIES, LEARNED WORK ETHICS AND DISCIPLINE, RESPONSIBILITY, SPORTSMANSHIP, AND KNOWLEDGE OF THE GAME OF TENNIS. AS EDUCATION IS AN IMPORTANT COMPONENT OF THE PROGRAM, PARTICIPANTS RECEIVED TRAINING TO IMPROVE THEIR READING AND ACADEMIC SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peggie A Henderson CEO | Officer | 49 | $16,560 |
William Goodson President | OfficerTrustee | 1 | $0 |
Judith Thompson Treasurer | OfficerTrustee | 1 | $0 |
Keith Townsend Director | Trustee | 1 | $0 |
Michael R Bailey Jr Director | Trustee | 1 | $0 |
Wayne H Hill Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $34,986 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $74,678 |
| Noncash contributions included in lines 1a–1f | $10,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $109,664 |
| 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 | -$5,906 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $103,758 |
| 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. | $16,560 |
| Compensation of current officers, directors, key employees. | $6,714 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $609 |
| Office expenses | $16,797 |
| Information technology | $3,782 |
| Royalties | $0 |
| Occupancy | $21,578 |
| Travel | $9,034 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,363 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,181 |
| Insurance | $1,197 |
| All other expenses | $0 |
| Total functional expenses | $134,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,248 |
| 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 | $2,361 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $46,609 |
| Accounts payable and accrued expenses | $3,914 |
| 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 | $3,914 |
| 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 | $42,695 |
| Total liabilities and net assets/fund balances | $46,609 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Family Biz Builder has recieved totaling $43,911.
| Awarding Organization | Amount |
|---|---|
Usta Foundation Incorporated White Plains, NY | | $37,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $6,911 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Firstline Schools Inc New Orleans, LA | $25,158,781 | $60,437,770 |
Belle Chasse Academy Inc Belle Chasse, LA | $29,416,847 | $17,545,847 |
White Hall Enrichment Advancement Team Hayneville, AL | $52,157 | $11,823,582 |
Leading Educators Inc New Orleans, LA | $10,160,201 | $9,461,961 |
North Mississippi Education Consortion University, MS | $2,578,004 | $9,299,460 |
Memphis Education Fund Inc Memphis, TN | $2,536,598 | $5,955,711 |
Pencil Foundation Nashville, TN | $3,991,693 | $7,143,023 |
Grace Christian Academy Of Leipers Fork Franklin, TN | $10,280,279 | $8,867,909 |
Prime Time Family Reading New Orleans, LA | $2,481,247 | $6,549,424 |
Education Explosion Inc Baker, LA | $3,387,408 | $6,209,452 |
Manna Cafe Ministries Clarksville, TN | $2,290,772 | $5,669,916 |
Voices For International Business & Education New Orleans, LA | $1,902,428 | $5,951,946 |