Overview
What is Small Business Aid Inc?
Small Business Aid Inc, based in Shipshewana, Indiana, is a voluntary mutual aid plan specifically catering to Amish employers and business owners. The nonprofit's primary mission is to alleviate the financial burden of medical expenses incurred due to workplace accidents and specified losses. This plan, exclusive to the Amish community, does not cover illnesses related to these occupations and is not available to non-Amish employees or employers. It operates in compliance with the Workers Compensation Act of Indiana. With a focus on mutual aid and support, Small Business Aid Inc provides a safety net for its members during times of need.
Is Small Business Aid Inc legitimate?
Small Business Aid Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Small Business Aid Inc submitted a form 990, 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: $56,160
Professional Fundraising Fees: $0
Other Salaries and Wages: $23,377
For more financial information, click here
What is the mission statement of Small Business Aid Inc?
Small Business Aid Inc, a mutual aid plan primarily for Amish employers and businesses, is designed to assist in covering medical expenses resulting from workplace accidents or specified losses. This voluntary organization aims to share the financial burdens of such incidents among its members, excluding illnesses related to these occupations. Membership is limited to those of the Amish faith, and the plan does not provide coverage for individuals receiving workers' compensation benefits. The plan complies with the Workers Compensation Act of Indiana, as outlined in IC 22-3-5-4.
Who is the CEO of Small Business Aid Inc?
Freeman Miller is the President of Small Business Aid Inc.
What is the revenue of Small Business Aid Inc?
Small Business Aid Inc's revenue in 2021 was $3,351,237.
Who are the executives of Small Business Aid Inc and what are their salaries?
The average compensation at Small Business Aid Inc during 2021 was $26,512. There are 3 employees and 5 volunteers at Small Business Aid Inc.
Here are 7 key members and their salaries:
- Compensation: $56,160
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Small Business Aid Inc?
Small Business Aid Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Small Business Aid Inc
Small Business Aid Inc, a voluntary mutual aid plan, is specifically designed to assist Amish employers and businesses. The organization's mission is to alleviate the financial burden of medical expenses that arise due to workplace accidents or specified losses. This mutual aid plan operates on the principle of shared responsibility, allowing Amish business owners to pool their resources and provide support to one another during these challenging times. It's important to note that this plan does not cover illnesses caused by these occupations. Membership is restricted to Amish employers and business owners, and it does not extend to employees or employers who are not of the Amish faith. Additionally, the plan does not cover medical expenses for individuals receiving benefits from workers' compensation. This initiative aims to comply with the Workers' Compensation Act of Indiana, as outlined in IC 22-3-5-4.
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Impact
October, 2024
Small Business Aid Inc significantly impacts the Amish community by providing a unique support system tailored specifically for Amish employers and business owners. By establishing a voluntary mutual aid plan, it helps mitigate the financial burden associated with medical expenses resulting from workplace accidents and specific losses. This approach fosters a sense of community and solidarity among members, allowing them to share the costs and responsibilities that arise from such incidents.
By focusing exclusively on the Amish community, Small Business Aid Inc ensures that its services are culturally relevant and aligned with the values and needs of its members. This specialized assistance allows Amish businesses to operate with a greater sense of security, knowing they have a safety net in place. The organization plays a crucial role in promoting stability and resilience within the local business landscape, ultimately contributing to community strength and improvement.
This information is meant to be a general summary of Small Business Aid 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 2021.
- Investment Income: $13,575
- Program Service Revenue: $3,337,662
- Gross Receipts: $3,351,237
Assets and Liabilities:
- Total Assets: $1,429,380
- Total Liabilities: $236,930
- Net Assets: $1,192,450
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ALTERNATIVE WC REVENUE
Revenue
$3,337,662
Organization Details
Founding Year
2009
Principal Officer
Freeman Miller
Main Address
PO BOX 187, SHIPSHEWANA, IN, 46565
NTEE Category
Code: S43 - Community improvement
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