Overview
What is Balanced Budget Amendment Inc?
Balanced Budget Amendment Inc is a nonprofit organization dedicated to advocating for the enactment of a Balanced Budget Amendment in the U.S. constitution. Their primary goal is to foster the ratification of this amendment, aiming to promote fiscal responsibility by requiring the federal budget to be balanced. Although the organization did not engage in any program activities in 2021, their mission remains constant. They operate as a nonprofit entity, but further details about their location or staff count are not provided in the information provided.
Is Balanced Budget Amendment Inc legitimate?
Balanced Budget Amendment Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Balanced Budget Amendment Inc submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Balanced Budget Amendment Inc?
The mission of Balanced Budget Amendment Inc. is centered around advancing the proposition and ratification of a Balanced Budget Amendment to the United States Constitution. The organization's primary goal is to facilitate the approval of this amendment, which aims to balance the federal budget. Despite having no program activity in 2021, the organization continues to pursue this objective.
What is the revenue of Balanced Budget Amendment Inc?
Balanced Budget Amendment Inc's revenue in 2024 was $150.
Who are the executives of Balanced Budget Amendment Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Balanced Budget Amendment Inc?
Balanced Budget Amendment Inc's most recent form 990EZ was submitted in 2024 and can be accessed here.
Mission Statement of Balanced Budget Amendment Inc
Balanced Budget Amendment Inc, as its name suggests, is an organization dedicated to promoting and advocating for the ratification of a Balanced Budget Amendment to the United States Constitution. Their primary mission is to advance the proposition of a balanced budget amendment, aiming to ensure fiscal responsibility and financial stability for the nation. In 2021, the organization did not engage in any program activities related to this mission.
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Impact
October, 2024
Balanced Budget Amendment Inc works towards the goal of introducing a balanced budget amendment to the United States Constitution. The organization aims to promote and facilitate the proposition and ratification of such an amendment, which would require federal spending to be equal to or less than federal revenues. Proponents argue that this could lead to greater fiscal responsibility, reducing the national debt and limiting government borrowing, thereby encouraging sustainable economic growth.
Despite not having program activity in 2021, the organization's mission highlights the importance of fiscal accountability and the potential long-term implications of a balanced budget, including the stabilization of the economy and increased confidence in government financial management. If successful, a balanced budget amendment could transform the way federal budgets are created and implemented, ensuring that future expenditures do not exceed available income, thus potentially benefiting economic stability and public trust in government fiscal policies.
This information is meant to be a general summary of Balanced Budget Amendment Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Gross Receipts: $150
Assets and Liabilities:
- Total Assets: $246
- Total Liabilities: $0
- Net Assets: $246
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Organization Details
Principal Officer
Loren Enns
NTEE Category
Code: W24 - Public benefit
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