Small Business Advocacy Council
- Assets
- $180.6k
- Revenue
- $437.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Chicago, IL
- Founding
- 06/2012
- Data as of
- 12/2023
- EIN
- 90-0543317
Organization Overview
Small Business Advocacy Council is located in Chicago, IL. The organization was established in 2012. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Small Business Advocacy Council employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Small Business Advocacy Council is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Small Business Advocacy Council generated $437.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $417.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 7 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SMALL BUSINESS ADVOCACY COUNCIL (SBAC) IS A NON-PARTISAN, MEMBER DRIVEN ORGANIZATION THAT PROMOTES THE SUCCESS OF SMALL BUSINESS THROUGH POLITICAL ADVOCACY, SUPPORT SERVICES, AND EDUCATIONAL PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZE NETWORKING FUNCTIONS FOR THE PURPOSE OF HELPING OUR MEMBERS GROW THEIR BUSINESS AND INTERACT WITH LOCAL BUSINESS OWNERS
HOLD POLICY MEETINGS WHEREIN ITS MEMBERS WILL IDENTIFY ISSUES PERTINENT TO SMALL BUSINESS AND ESTABLISH MECHANISMS AND STRATEGIES TO ADVOCATE FOR POLICIES IN THE INTEREST OF OUR MEMBERS
MAINTAIN A WEBSITE FOR THE PURPOSE OF EDUCATING OUR MEMBERS, PROMOTING THEIR BUSINESS AND / OR SERVICES AND PROVIDING AN OUTLET FOR OUR MEMBERS TO EXPRESS THEIR CONCERNS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elliot Richardson President | OfficerTrustee | 1 | $0 |
Scott Baskin CEO | OfficerTrustee | 1 | $0 |
Paul Dark Director | Trustee | 1 | $0 |
Michael Bempah Director | Trustee | 1 | $0 |
Neli Vazquez Rowland Director | Trustee | 1 | $0 |
James Scordo Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $32,626 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $288,998 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $321,624 |
| Total Program Service Revenue | $94,947 |
| 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 | $18,958 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $437,521 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $84,375 |
| 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 | $222,175 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,005 |
| Payroll taxes | $69,569 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,000 |
| Fees for services: Accounting | $9,139 |
| Fees for services: Lobbying | $9,192 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,448 |
| Office expenses | $1,505 |
| Information technology | $5,772 |
| Royalties | $0 |
| Occupancy | $4,994 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,402 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $642 |
| Insurance | $6,504 |
| All other expenses | -$35,354 |
| Total functional expenses | $417,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,157 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,858 |
| Other assets | $2,542 |
| Total assets | $180,557 |
| Accounts payable and accrued expenses | $22,654 |
| 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 | $49,984 |
| Other liabilities | $0 |
| Total liabilities | $72,638 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $107,919 |
| Total liabilities and net assets/fund balances | $180,557 |
Grants Awarded
Over the last fiscal year, Small Business Advocacy Council has awarded $49,375 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UPTOWN UNITED PURPOSE: PROMOTE/SUPPORT SMALL BUSINESS AND THEIR DEVELOPMENT | $10,000 |
ALLIES FOR COMMUNITY BUSINESS INC PURPOSE: PROMOTE/SUPPORT SMALL BUSINESS AND THEIR DEVELOPMENT | $39,375 |