American Business Defense Foundation
- Assets
- $8.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 02/2017
- Data as of
- 12/2022
- EIN
- 81-3797227
Organization Overview
American Business Defense Foundation is located in Arlington, VA. The organization was established in 2017. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Business Defense Foundation 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 12/2022, American Business Defense Foundation generated $37.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.1%) each year. All expenses for the organization totaled $40.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
NON-PARTISAN EDUCATIONAL ORGANIZATION TO CONDUCT STUDIES, RESEARCH, AND ANALYSIS AND TO INFORM AND EDUCATE THE PUBLIC WITH RESPECT TO CERTAIN PUBLIC POLICY ISSUES, WITH PARTICULAR FOCUS ON ISSUES REGARDING AMERICAN BUSINESS, INCLUDING BUT NOT LIMITED TO QUESTIONS RELATED TO CLOSELY-HELD AND FAMILY-OWNED BUSINESSES, FAMILY OWNED FARMS AND SMALL AGRIBUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frederick Weiss Chairman | 0 | $0 | |
Craig Rhyne Board Member | 0 | $0 | |
Palmer Schoenig Secretary Treasurer | 0.5 | $0 | |
Richard Patten President | 11 | $0 | |
Howard Segermark Vice President | 1 | $0 | |
Alex Ayers Board Member | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,018 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $37,018 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $23,083 |
| Occupancy, rent, utilities, and maintenance | $3,274 |
| Printing, publications, postage, and shipping | $2,215 |
| Other expenses | $10,353 |
| Total expenses | $40,925 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $8 |
| Other assets | $0 |
| Total assets | $8 |
| Total liabilities | $0 |
| Net assets or fund balances | $8 |