Business Education Fund
- Assets
- $1.3m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 15
- Location
- North Bethesda, MD
- Founding
- Data as of
- 12/2023
- EIN
- 84-2969730
Organization Overview
Business Education Fund is located in North Bethesda, MD. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Business Education Fund employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Business Education Fund 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, Business Education Fund generated $1.0m 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 (21.6%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Business Education Fund has awarded 95 individual grants totaling $1,120,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
BUSINESS EDUCATION FUND SUPPORTS ITS FLAGSHIP PROJECT, MAIN STREET ALLIANCE, TO: ENSURE AUTHENTIC SMALL BUSINESS OWNERS THEMSELVES ARE PART OF DEFINING THE PROBLEM AND INFORMING POLICY SOLUTIONS SO THAT THE NEEDS OF EVEN THE SMALLEST AND LEAST CONNECTED BUSINESSES ARE HEARD; RECRUIT AND SUPPORT SMALL BUSINESS OWNERS TO SHARE POWERFUL STORIES TO HIGHLIGHT THE REAL NEEDS OF SMALL BUSINESS; AND SHIFT THE NARRATIVE - IN THE MEDIA, WITH DECISION-MAKERS, AND WITHIN MORE MAINSTREAM BUSINESS GROUPS - ABOUT PRIORITIES FOR MAIN STREET SMALL BUSINESS ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAIN STREET ALLIANCE: BUSINESS EDUCATION FUND DBA MAIN STREET ALLIANCE CONTINUES TO TRAIN AND DEVELOP SMALL BUSINESS OWNERS ON ISSUES THAT IMPACT LOCAL ECONOMIES AND THEIR COMMUNITIES IN ORDER TO ADVANCE LOCAL ECONOMIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chanda Causer Executive Director | OfficerTrustee | 40 | $192,013 |
J Kelly Conklin President | OfficerTrustee | 1 | $0 |
David Borris Treasurer | 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 | $1,008,684 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,008,684 |
| Total Program Service Revenue | $25,000 |
| Investment income | $2,055 |
| 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 | $1,035,739 |
| 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. | $190,942 |
| Compensation of current officers, directors, key employees. | $13,728 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $672,353 |
| Pension plan accruals and contributions | $21,784 |
| Other employee benefits | $93,925 |
| Payroll taxes | $63,622 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $293 |
| Fees for services: Accounting | $40,668 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $188,494 |
| Advertising and promotion | $6,232 |
| Office expenses | $30,721 |
| Information technology | $5,301 |
| Royalties | $0 |
| Occupancy | $14,088 |
| Travel | $80,403 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,277 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,749 |
| All other expenses | $736 |
| Total functional expenses | $1,457,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,270,652 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,325 |
| 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 | $10,440 |
| 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 | $1,298,417 |
| Accounts payable and accrued expenses | $10,579 |
| 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 | $10,579 |
| Net assets without donor restrictions | $1,138,328 |
| Net assets with donor restrictions | $149,510 |
| 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 | $1,298,417 |
Grants Awarded
Over the last fiscal year, Business Education Fund has awarded $435,000 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
MAINE PEOPLE'S ALLIANCE PURPOSE: general support | $35,000 |
ANTIGUA LATIN RESTAURANT LLC PURPOSE: general support | $10,000 |
ARMAGEDDON BEACHPARTY PURPOSE: general support | $10,000 |
ATLANTIC SANDS INC PURPOSE: general support | $10,000 |
BERLINER PUB PURPOSE: general support | $10,000 |
BLACK AND BLUES MUSIC AND BREWS PURPOSE: general support | $10,000 |