Capital Business Development Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 842583244 ✦ Reston, VA ✦ Designated as a 501(c)(3)

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Overview

What is Capital Business Development Association?

The Capital Business Development Association is a nonprofit organization situated in Reston, Virginia. Its primary goal is to foster collaboration between government procurement and business leaders, particularly focusing on supporting small and medium-sized enterprises within the Govcon industry. They achieve this by offering various programs designed to empower these businesses.

Is Capital Business Development Association legitimate?

Capital Business Development Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Capital Business Development Association 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.

What is the mission statement of Capital Business Development Association?

The Capital Business Development Association serves as a platform that unites government procurement and business leaders. Their core mission is to bolster the growth and success of small and medium-sized enterprises within the Govcon sector. They accomplish this by offering various programs designed specifically for these businesses. Despite not provided, it can be inferred that their location is in Reston, VA.

Who is the CEO of Capital Business Development Association?

Charles Painter is the President of Capital Business Development Association.

What is the revenue of Capital Business Development Association?

Capital Business Development Association's revenue in 2022 was $127,404.

Who are the executives of Capital Business Development Association and what are their salaries?


Here are 4 key members and their salaries:


Charles Painter (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Verbek (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chrystina Nguyen (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Schomaker (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Capital Business Development Association?

Capital Business Development Association's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Capital Business Development Association

The Capital Business Development Association serves a crucial role in bridging the gap between government procurement and business leaders. Their mission is centered around supporting small and medium-sized enterprises within the Govcon industry. By bringing these key players together, Capital Business Development Association fosters growth and development within this sector. Through its programs, the organization offers valuable resources and opportunities to these businesses, helping them navigate the complex world of government procurement.

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Impact




October, 2024

The Capital Business Development Association plays a crucial role in enhancing the landscape of government contracting and supporting small to medium-sized businesses within the Govcon industry. By fostering collaboration between government procurement officials and business leaders, it creates a vibrant ecosystem that facilitates opportunities for growth and development.

Through its programs, the Association equips businesses with essential resources and knowledge, enabling them to navigate the complexities of government contracts. This support not only enhances the competitiveness of these businesses but also contributes to community improvement by creating jobs and stimulating economic growth in the region. The Association's efforts ultimately strengthen the Govcon sector, ensuring that small and medium-sized enterprises can thrive in a competitive marketplace. Its presence in Reston, VA, positions it effectively to influence and connect with key stakeholders in the industry, driving innovation and collaboration forward.




This information is meant to be a general summary of Capital Business Development Association. 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.

Revenue
$127,404 (2022)
Expenses
$50,233 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $36,976
  • Gross Receipts: $127,404

Assets and Liabilities:

  • Total Assets: $77,375
  • Total Liabilities: $0
  • Net Assets: $77,375

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Organization Details

Principal Officer

Charles Painter

Main Address

PO BOX 2651, Reston, VA, 20195

NTEE Category

Code: S40 - Community improvement

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