Community Business Partnership Inc
- Assets
- $2.6m
- Revenue
- $55.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, VA
- Founding
- 02/1997
- Data as of
- 06/2021
- EIN
- 54-1760384
Organization Overview
Community Business Partnership Inc is located in Springfield, VA. The organization was established in 1997. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Business Partnership Inc 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 06/2021, Community Business Partnership Inc generated $55.2m in total revenue. All expenses for the organization totaled $54.5m during the year ending 06/2021. While expenses have increased by 89.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE TECHNICAL AND FINANCIAL ASSISTANCE TO SMALL BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAIRFAX RISE SMALL BUSINESS GRANT PROGRAM (RISE): A ONE YEAR PROGRAM THAT PROVIDED GRANTS OF UP TO $20,000 TO FAIRFAX COUNTY SMALL BUSINESSES ADVERSELY AFFECTED BY THE COVID-19 ECONOMIC DOWNTURN.
WOMEN'S BUSINESS CENTER (WBC): PROVIDES BUSINESS COUNSELING, TECHNICAL ASSISTANCE, AND TRAINING OPPORTUNITIES TO WOMEN IN BUSINESS AND THOSE CONSIDERING STARTING A BUSINESS. DONATED SERVICES TO THE CENTER TOTALED $47,778.
BUSINESS FINANCE CENTER (BFC): PROVIDES FINANCIAL EDUCATION AND TRAINING OPPORTUNITIES AS WELL AS ALTERNATIVE DEBT FINANCING FOR BUSINESSES SEEKING TO GROW AND EXPAND.
BUSINESS INCUBATION CENTER (BIC): CREATED TO FOSTER REGIONAL ECONOMIC DEVELOPMENT BY SUPPORTING ENTREPRENEURS AND SMALL/DISADVANTAGED BUSINESSES BY PROVIDING MANAGERIAL AND TECHNICAL ASSISTANCE, FLEXIBLE OFFICE RENTAL RATES, AND SHARED ACCESS TO BASIC OFFICE SERVICES AND EQUIPMENT.SMALL BUSINESS DEVELOPMENT CENTER (SBDC): PROVIDES BUSINESS COUNSELING AND BUSINESS GROWTH TRAINING OPPORTUNITIES TO BUSINESSES GENERALLY TWO YEARS AND OLDER. VETERAN'S BUSINESS OUTREACH CENTERS (VBOC): PROVIDES ENTREPRENEURIAL DEVELOPMENT SERVICES SUCH AS TRAINING, COUNSELING, AND ACCESS TO CAPITAL FOR ELIGIBLE VETERANS-OWNED OR VETERANS CONSIDERING STARTING A SMALL BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Lemay Chairman | OfficerTrustee | 4 | $0 |
Karen Smaw Vice Chairman | OfficerTrustee | 4 | $0 |
Rafael Martinez Treasurer | OfficerTrustee | 4 | $0 |
Mark Scarano Executive Director | Officer | 40 | $0 |
Robin Valentine Director | Trustee | 4 | $0 |
Thomas Ntuk Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $54,906,264 |
| All other contributions, gifts, grants, and similar amounts not included above | $132,810 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,039,074 |
| Total Program Service Revenue | $187,599 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $55,247,461 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $52,560,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,171,714 |
| Fees for services: Legal | $2,920 |
| Fees for services: Accounting | $75,232 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $216,255 |
| Advertising and promotion | $10,070 |
| Office expenses | $74,205 |
| Information technology | $3,737 |
| Royalties | $0 |
| Occupancy | $292,026 |
| Travel | $404 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $184 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,440 |
| Insurance | $2,502 |
| All other expenses | $0 |
| Total functional expenses | $54,466,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $982,366 |
| Savings and temporary cash investments | $158,060 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $222,084 |
| 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 | $317 |
| Net Land, buildings, and equipment | $7,904 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $864 |
| Other assets | $1,188,975 |
| Total assets | $2,560,570 |
| Accounts payable and accrued expenses | $351,344 |
| Grants payable | $0 |
| Deferred revenue | $114,333 |
| 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 | $11,451 |
| Total liabilities | $477,128 |
| Net assets without donor restrictions | $649,181 |
| Net assets with donor restrictions | $1,434,261 |
| 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 | $2,560,570 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Business Partnership Inc has recieved totaling $48.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $48 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Business Partnership Inc Springfield, VA | $2,560,570 | $55,247,461 |
The Virginia Arts Festival Inc Norfolk, VA | $42,180,047 | $13,814,301 |
National Business Officers Association Inc Washington, DC | $10,181,383 | $5,458,138 |
The Museum Of Language Arts Incorporated Washington, DC | $22,277,823 | $2,812,502 |
American Council Of Trustees And Alumni Washington, DC | $7,091,133 | $4,080,282 |
National Academy Of Education Washington, DC | $13,224,387 | $700,923 |
Mission West Virginia Hurricane, WV | $896,692 | $3,486,347 |
The Memorial Foundation Washington, DC | $1,841,102 | $3,723,853 |
Downtown Columbia Arts And Culture Commission Inc Columbia, MD | $56,227,844 | $6,192,561 |
Chorus America Association Washington, DC | $2,563,365 | $1,205,440 |
International Critical Incident Stress Foundation Inc Ellicott City, MD | $1,604,340 | $2,401,353 |
American Association Of People With Disabilities Washington, DC | $6,573,327 | $4,673,806 |