Business Action Fund
- Assets
- $367.6k
- Revenue
- $102.0k
- Investments
- $0.0
- Employees
- 0
- Location
- North Bethesda, MD
- Founding
- Data as of
- 12/2023
- EIN
- 83-2618697
Organization Overview
Business Action Fund is located in North Bethesda, MD. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Business Action Fund 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, Business Action Fund generated $102.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (33.1%) each year. All expenses for the organization totaled $179.3k 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
BUSINESS ACTION FUND SUPPORS ITS FLAGSHIP PROJECT, MAIN STREET ACTION, TO ADVOCATE AND LOBBY FOR SMALL BUSINESS INTERESTS AND TO SUPPORT BUSINESS OWNERS TO ADVOCATE FOR THEIR OWN INTERESTS BY TELLING THEIR OWN STORIES ABOUT WHAT MAKES THEIR BUSINESSES SUCCESSFUL AND WHAT TYPES OF POLICIES WOULD HELP THEIR BUSINESSES THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAIN STREET ALLIANCE: BUSINESS ACTION FUND DBA MAIN STREET ACTION CONTINUED TO ADVOCATE ON BEHALF OF SMALL BUSINESSES ACROSS OUR CORE ISSUE AREAS TO ADVANCE POLICY THAT CAN IMPROVE LOCAL ECONOMIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chanda Causer Executive Director | OfficerTrustee | 1 | $0 |
J Kelly Conklin President | OfficerTrustee | 1 | $0 |
David Borris Treasuer | OfficerTrustee | 1 | $0 |
Josie Kalipeni Board Member | Trustee | 1 | $0 |
Thomas Lee Johnson Board Member | Trustee | 1 | $0 |
Isral Debruin Board Member | Trustee | 1 | $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 | $101,462 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,462 |
| Total Program Service Revenue | $0 |
| Investment income | $528 |
| 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 | $101,990 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
| 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 | $2,870 |
| 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 | $12,879 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,512 |
| Advertising and promotion | $0 |
| Office expenses | $3,883 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,403 |
| Travel | $25,699 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,200 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $832 |
| Total functional expenses | $179,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $367,576 |
| 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 | $367,576 |
| Accounts payable and accrued expenses | $8,253 |
| 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 | $8,253 |
| Net assets without donor restrictions | $359,323 |
| 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 | $367,576 |