SMALL BUSINESS MAJORITY FOUNDATION INC

EIN: 030576666 501(c)(3) Community Improvement

WASHINGTON, DC

Total Revenue
$5,565,308
Total Expenses
$5,358,596
Total Assets
$6,010,443
Net Assets
$2,496,419
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
DC
Principal Officer
JOHN ARENSMEYER
Phone
2028288357
Tax Period
2024-01-01 to 2024-12-31

SMALL BUSINESS MAJORITY FOUNDATION INC, founded in 2005, is a community nonprofit in the Community Improvement sector that reported $5.6M in total revenue in fiscal year 2024. Expenses of $5.4M left a modest 4% surplus.

Mission

SMALL BUSINESS MAJORITY IS A NATIONAL SMALL BUSINESS ADVOCACY ORGANIZATION, FOUNDED BY SMALL BUSINESS OWNERS TO ENSURE THAT SMALL BUSINESSES ARE AT THE HEART OF A THRIVING, INCLUSIVE ECONOMY. WE ACTIVELY ENGAGE SMALL BUSINESS OWNERS ACROSS AMERICA TO DRIVE SMART PUBLIC POLICY AND GET ENTREPRENEURS THE RESOURCES THEY NEED TO THRIVE.

Program Service Accomplishments

Program 1
Expenses: $3,157,529

OUTREACH, EDUCATION & ADVOCACY - WE CONDUCT OUTREACH FROM OUR OFFICES IN WASHINGTON, DC, CALIFORNIA, COLORADO, GEORGIA, ILLINOIS, NEW MEXICO AND NEW YORK, WITH A FOCUS ON SERVING THE NEEDS OF...

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OUTREACH, EDUCATION & ADVOCACY - WE CONDUCT OUTREACH FROM OUR OFFICES IN WASHINGTON, DC, CALIFORNIA, COLORADO, GEORGIA, ILLINOIS, NEW MEXICO AND NEW YORK, WITH A FOCUS ON SERVING THE NEEDS OF UNDER-RESOURCED SMALL BUSINESS OWNERS. WE PROVIDE A SUITE OF EDUCATIONAL PROGRAMS AND CONNECTIONS TO RESOURCES TO EMPOWER ENTREPRENEURS TO START AND GROW THEIR ENTERPRISES AND MAXIMIZE THEIR ECONOMIC PROSPERITY ON TOPICS LIKE ACCESS TO RESPONSIBLE CAPITAL, HEALTHCARE AND OTHER ESSENTIAL BENEFITS, AND LEVEL PLAYING FIELD. FURTHERMORE, WE PROVIDE SMALL BUSINESS OWNERS OPPORTUNITIES TO ADVOCATE FOR PUBLIC POLICY CHANGES IN THESE AREAS THAT ADVANCE ENTREPRENEURSHIP. OUR NETWORK IS COMPRISED OF MORE THAN 85,000 SMALL BUSINESS OWNERS AND MORE THAN 1,500 BUSINESS ORGANIZATIONS. OUR WORK IS GUIDED BY A NATIONAL AND STATE SMALL BUSINESS COUNCILS OF ACTIVE SMALL BUSINESS OWNERS.

Program 2
Expenses: $785,903

COMMUNICATIONS - WE COMMUNICATE OUR MESSAGE TO POLICYMAKERS AND THE MEDIA VIA EXTENSIVE PUBLIC RELATIONS EFFORTS TARGETING MAINSTREAM ELECTRONIC, PRINT AND ONLINE MEDIA. OUR WORK INCLUDES ONE-ON-ONE...

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COMMUNICATIONS - WE COMMUNICATE OUR MESSAGE TO POLICYMAKERS AND THE MEDIA VIA EXTENSIVE PUBLIC RELATIONS EFFORTS TARGETING MAINSTREAM ELECTRONIC, PRINT AND ONLINE MEDIA. OUR WORK INCLUDES ONE-ON-ONE COMMUNICATION WITH REPORTERS, PRESS RELEASES, OP-EDS, LETTERS TO THE EDITOR, MULTIPLE WEB SITES, A MONTHLY NEWSLETTER AND DAILY COMMUNICATION VIA A HOST OF SOCIAL MEDIA CHANNELS.

Program 3
Expenses: $445,972

RESEARCH - WE CONDUCT WIDE-RANGING RESEARCH TO UNDERSTAND SMALL BUSINESS OWNERS' NEEDS, CHALLENGES AND OPPORTUNITIES. FOCUSED ON UNCOVERING THE PERSPECTIVES OF SMALL BUSINESS OWNERS, WE COMMUNICATE...

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RESEARCH - WE CONDUCT WIDE-RANGING RESEARCH TO UNDERSTAND SMALL BUSINESS OWNERS' NEEDS, CHALLENGES AND OPPORTUNITIES. FOCUSED ON UNCOVERING THE PERSPECTIVES OF SMALL BUSINESS OWNERS, WE COMMUNICATE OUR FINDINGS TO POLICYMAKERS, THE MEDIA AND OTHER STAKEHOLDERS. OUR RESEARCH PRODUCTS INCLUDE SCIENTIFIC OPINION POLLING, INTERNAL NETWORK SURVEYS, FOCUS GROUPS AND ROUNDTABLE DISCUSSIONS. WE WORK WITH ACADEMIC AND OTHER RESEARCH INSTITUTIONS TO AGGREGATE AND SYNTHESIZE DATA TO BETTER UNDERSTAND THE CHALLENGES FACED BY UNDER-RESOURCED ENTREPRENEURS AND ASSESS THE BENEFIT OF PUBLIC POLICIES AND TARGETED RESOURCE INTERVENTIONS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,330,578
Program Service Revenue $0
Investment Income $228,026
Other Revenue $6,704
TOTAL REVENUE $5,565,308

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,247,114
Fundraising Expenses $438,955
Program Expenses $4,389,404
Other Expenses $1,111,482
TOTAL EXPENSES $5,358,596

Year-over-Year Comparison

2024 2023 Change
Revenue $5,565,308 $5,327,951 +0.0%
Expenses $5,358,596 $5,127,816 +0.0%
Net Income $206,712 $200,135 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
5
Employees
40
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$533,977
Total Directors
6
$357,653
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN ARENSMEYER FOUNDER & CEO 60.00
Officer Director
$343,481 $14,172 $357,653
TALIBAH BAYLES DIRECTOR 1.00
Director
$0 $0 $0
KEN HENDERSON DIRECTOR 1.00
Director
$0 $0 $0
PAUL QUINTERO DIRECTOR 1.00
Director
$0 $0 $0
LAJUANNA RUSSELL DIRECTOR 1.00
Director
$0 $0 $0
DAFINA WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
KATHLEEN BERRY SECRETARY/TREASURER/VP, OPERATIONS 40.00
Officer
$169,501 $6,823 $176,324
REBEKAH CHASE CONTROLLER 40.00
Highest
$148,019 $21,303 $169,322
ESZTER SZOCSKA DIGITAL COMMUNICATION & IT DIRECTOR 40.00
Highest
$137,968 $18,088 $156,056
DAVID CHASE VICE PRESIDENT, POLICY & ADVOCACY 60.00
Highest
$201,763 $11,122 $212,885
CASSIE MILLS VICE PRESIDENT, COMMUNICATIONS 60.00
Highest
$182,469 $13,859 $196,328
BRIAN PIFER VICE PRESIDENT, RESEARCH & INSIGHTS 60.00
Highest
$176,074 $30,552 $206,626
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $5,565,308 $5,358,596 $6,010,443 $206,712
2023 $5,327,951 $5,127,816 $9,077,609 $200,135
2022 $4,849,945 $4,400,534 $7,051,488 $449,411
2021 $5,051,591 $3,956,887 $4,020,911 $1,094,704
2020 $4,121,537 $3,613,432 $3,806,226 $508,105
2019 $3,118,752 $3,276,185 $3,013,051 $-157,433
2018 $3,834,551 $3,709,832 $1,562,913 $124,719
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