Family Biz Builder
- Assets
- $43.2k
- Revenue
- $106.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Tunica, MS
- Founding
- 10/2014
- Data as of
- 12/2023
- 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 12/2023, Family Biz Builder generated $106.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $114.7k during the year ending 12/2023. While expenses have increased by 13.1% per year over the past 5 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
FAMILY BIZ BUILDER SERVED 146 PARTICIPANTS IN 2023: 28 RECEIVED MENTORING SERVICES, 12 RECEIVED COLLEGE & CAREER READINESS TRAINING IN MATH, READING, ENGLISH, SCIENCE, AND WRITING TO IMPROVE ACT/SAT SCORES, AND 106 PARTICIPANTS LEARNED TENNIS, CHARACTER, AND LIFE SKILLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NJTL SPORTS & FITNESS PROGRAM WAS DESIGNED TO INTERTWINE CHARACTER-BUILDING, LIFE SKILLS, AND EDUCATION WITH THE GAME OF TENNIS. AS A PART OF THE NATIONAL JUNIOR TENNIS AND LEARNING NETWORK, SUPPORTED BY THE USTA FOUNDATION, THIS PROGRAM LEVERAGES TENNIS AS A MEDIUM FOR HOLISTIC YOUTH DEVELOPMENT. THE PROGRAM'S PRIMARY GOAL WAS TO INTRODUCE TENNIS AND FOSTER SOCIAL, EMOTIONAL, AND PHYSICAL DEVELOPMENT AMONG 50% OF THE 106 YOUTHS SERVED AGED 7 TO 17 THROUGH THEIR ENGAGEMENT WITH TENNIS. THE PROGRAM OBJECTIVES WERE: ACADEMIC IMPROVEMENT: ENSURE 75% OF PARTICIPANTS IMPROVE THEIR READING GRADE LEVEL. TENNIS SKILLS DEVELOPMENT: ENABLE 65% OF PARTICIPANTS TO LEARN THE BASIC RULES OF TENNIS. AND MATCH PARTICIPATION: GUIDE 40% OF PARTICIPANTS TO PLAY IN MATCHES.
THE LITERACY AND EDUCATION PROGRAM OFFERED CHARACTER, LIFE SKILLS, AND ONLINE EDUCATIONAL CURRICULA TO YOUTHS 5 TO 17 YEARS OLD. TWENTY-EIGHT (28) 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 COLLEGE & CAREER READINESS PROGRAM, SPEARHEADED BY FAMILY BIZ BUILDER AND A PART OF THE NATIONAL JUNIOR TENNIS & LEARNING NETWORK UNDER THE USTA FOUNDATION, PARTNERED WITH WINWARD ACADEMY TO ENRICH THE LIVES OF TWELVE (12) YOUTHS IN OUR COMMUNITY. THIS COMPREHENSIVE PROGRAM IS DEDICATED TO BOOSTING KEY ACADEMIC SKILLS IN ENGLISH, MATH, READING, SCIENCE, AND WRITING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peggie A Henderson CEO | Officer | 49 | $14,490 |
William Goodson President | OfficerTrustee | 1 | $0 |
Michael R Bailey Jr Director | Trustee | 1 | $0 |
Keith Townsend Director | Trustee | 1 | $0 |
Wayne H Hill Director | Trustee | 1 | $0 |
Judith Thompson Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $35,142 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,816 |
| Noncash contributions included in lines 1a–1f | $10,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,958 |
| 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 | -$7,870 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $106,088 |
| 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. | $14,490 |
| Compensation of current officers, directors, key employees. | $7,245 |
| 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 | $400 |
| Office expenses | $14,123 |
| Information technology | $2,844 |
| Royalties | $0 |
| Occupancy | $14,348 |
| Travel | $6,865 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,701 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,181 |
| Insurance | $700 |
| All other expenses | $0 |
| Total functional expenses | $114,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,988 |
| 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 | $1,180 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $43,168 |
| Accounts payable and accrued expenses | $9,131 |
| 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 | $9,131 |
| 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 | $34,037 |
| Total liabilities and net assets/fund balances | $43,168 |