Overview
What is Business Education Fund?
The Business Education Fund, operating in Alexandria, Virginia, is a nonprofit organization with a mission to empower small business owners. They achieve this by supporting their flagship project, Main Street Alliance, which encourages authentic small business owners to contribute to defining issues affecting local economies and informing policy solutions. The Fund also recruits and supports these entrepreneurs to share their stories, highlighting the real needs of small businesses, and aims to shift the narrative about priorities for the main street small business economy, influencing mainstream business groups and decision-makers. The Business Education Fund employs a team of 19 individuals, committed to improving the well-being of small businesses and their communities.
Official website here: www.businesseducationfund.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
Business Education Fund has achieved an impressive Four-Star rating from Charity Navigator, with a score of 96%. This rating underscores the organization's strong commitment to accountability and financial health, as the overall score is derived entirely from this beacon. Key indicators of their financial integrity include a high percentage of independent board members and successful independent audits, which contribute to the organization's transparent operations.
The organization excels in managing its resources effectively, with a program expense ratio of 89.26%, indicating that a significant portion of its funding is directed towards its programs rather than administrative costs. This focus on programmatic investments reflects a robust commitment to fulfilling its mission and serving its beneficiaries well. Furthermore, the presence of comprehensive policies, such as conflict of interest and whistleblower policies, enhances its governance framework.
While the ratings highlight the organization’s strengths, ongoing success will depend on maintaining these high standards and continuing to engage with stakeholders transparently. Overall, the Business Education Fund demonstrates solid financial practices and governance, making it a worthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Business Education Fund legitimate?
Business Education Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Business Education Fund 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: $208,425
Professional Fundraising Fees: $0
Other Salaries and Wages: $581,130
For more financial information, click here
Official website here: www.businesseducationfund.org
What is the mission statement of Business Education Fund?
The Business Education Fund supports its flagship project, Main Street Alliance, with the aim of ensuring that authentic small business owners contribute to defining problems and informing policy solutions. This is done to ensure that the needs of even the smallest and least connected businesses are heard. Additionally, the fund recruits and supports small business owners to share powerful stories, highlighting their real needs. The objective is to shift the narrative about priorities for the Main Street small business economy, not just among decision-makers and mainstream business groups but also in the media.
Official website here: www.businesseducationfund.org
Who is the CEO of Business Education Fund?
Chanda Causer is the Co-Executive Director of Business Education Fund.
Official website here: www.businesseducationfund.org
What is the revenue of Business Education Fund?
Business Education Fund's revenue in 2022 was $1,999,588.
Official website here: www.businesseducationfund.org
Who are the executives of Business Education Fund and what are their salaries?
The average compensation at Business Education Fund during 2022 was $41,556. There are 19 employees and 6 volunteers at Business Education Fund.
Here are 8 key members and their salaries:
- Compensation: $172,708
- Related: $0
- Other: $769
- Compensation: $34,947
- 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
Official website here: www.businesseducationfund.org
Where can I find the form 990 for Business Education Fund?
Business Education Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.businesseducationfund.org
Learn more at the official website: www.businesseducationfund.org
Mission Statement of Business Education Fund
The Business Education Fund, through its flagship project, Main Street Alliance, aims to empower authentic small business owners to play a crucial role in defining the challenges they face and influencing policy solutions. This ensures that even the smallest and least connected businesses have a voice in shaping policies that affect them. Additionally, the fund recruits and supports these small business owners to share their compelling stories, highlighting the genuine needs of the small business community. By doing so, Business Education Fund works to shift the narrative about priorities in the main street small business economy, both in the media, among decision-makers, and within mainstream business groups.
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Impact
July, 2024
Business Education Fund, through its flagship project Main Street Alliance, has a significant impact on small businesses and local economies. By ensuring that authentic small business owners are actively involved in defining problems and informing policy solutions, the organization ensures that the needs of even the smallest and least connected businesses are heard. Business Education Fund recruits and supports small business owners to share powerful stories, shining a light on the real needs of small businesses and advocating for change. Through its work, the organization aims to shift the narrative in the media, with decision-makers, and within mainstream business groups to prioritize the needs of Main Street small businesses.
This information is meant to be a general summary of Business Education Fund. 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 2022.
- Program Service Revenue: $2,000
- Gross Receipts: $1,999,588
Assets and Liabilities:
- Total Assets: $1,725,500
- Total Liabilities: $15,892
- Net Assets: $1,709,608
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$2,000
Organization Details
Founding Year
2018
Phone
(301) 965-0280Principal Officer
Chanda Causer
Main Address
201 N UNION ST, ALEXANDRIA, VA, 22314
NTEE Category
Code: T31 - Philanthropy
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