Business Education Fund
- Assets
- $1.2m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 18
- Location
- Washington, DC
- Founding
- Data as of
- 12/2021
- EIN
- 84-2969730
Organization Overview
Business Education Fund is located in Washington, DC. 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 12/2021, Business Education Fund employed 18 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 12/2021, Business Education Fund generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (11.0%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2021. 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
2021
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: IN 2021, BUSINESS EDUCATION FUND DBA MAIN STREET ALLIANCE CONTINUES TO TRAIN AND DEVELOP SMALL BUSINESS OWNERS ON ISSUES THAT IMPACT LOCAL ECONOMIES AND THIER COMMUNITIES IN ORDER TO ADVANCE LOCAL ECONOMIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Michael Co-Executive Director | Officer | 40 | $149,167 |
Chanda Causer Co-Executive Director | Officer | 40 | $92,004 |
David Boris Treasurer | OfficerTrustee | 1 | $0 |
Reshonda Young Secretary | OfficerTrustee | 1 | $0 |
J Kelly Conklin President | OfficerTrustee | 1 | $0 |
Jim Houser 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 | $2,174,881 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,174,881 |
| Total Program Service Revenue | $0 |
| 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 | $2,174,881 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $537,000 |
| 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. | $241,171 |
| Compensation of current officers, directors, key employees. | $12,059 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,009,686 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $252,654 |
| Payroll taxes | $107,895 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,070 |
| Fees for services: Accounting | $14,388 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $216,956 |
| Advertising and promotion | $5,221 |
| Office expenses | $21,450 |
| Information technology | $1,377 |
| Royalties | $0 |
| Occupancy | $3,089 |
| Travel | $8,531 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,214 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,583 |
| All other expenses | $34,869 |
| Total functional expenses | $2,467,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,116,893 |
| 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 | $34,131 |
| 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 | $1,151,024 |
| Accounts payable and accrued expenses | $73,892 |
| 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 | $73,892 |
| Net assets without donor restrictions | $768,049 |
| Net assets with donor restrictions | $309,083 |
| 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 | $1,151,024 |
Grants Awarded
Over the last fiscal year, Business Education Fund has awarded $435,000 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
Portland, ME PURPOSE: general support | $35,000 |
ANTIGUA LATIN RESTAURANT LLC PURPOSE: general support | $10,000 |
ARMAGEDDON BEACHPARTY PURPOSE: general support | $10,000 |
DANGEROUSLY DELICIOUS DC LLC DBA PIE SHOP PURPOSE: general support | $10,000 |
ATLANTIC SANDS INC PURPOSE: general support | $10,000 |
BLUE MOON CAFE INC PURPOSE: general support | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Business Education Fund has recieved totaling $695,000.
| Awarding Organization | Amount |
|---|---|
Tides Foundation San Francisco, CA PURPOSE: EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT | $165,000 |
New Venture Fund Washington, DC PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY | $125,000 |
Windward Fund Washington, DC PURPOSE: ENVIRONMENTAL PROGRAMS | $100,000 |
Alliance For Early Success Washington, DC | | $75,000 |
Rockefeller Family Fund Inc New York, NY PURPOSE: PROJECT SUPPORT - ECONOMIC JUSTICE FOR WOMEN | $75,000 |
Hopewell Fund Washington, DC PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY | $75,000 |