National Federation Of Independent Business Inc

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

EIN: 940707299 ✦ Nashville, TN ✦ Designated as a 501(c)(6)

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Overview

What is National Federation Of Independent Business Inc?

The National Federation of Independent Business (NFIB) is a nonprofit advocacy organization headquartered in Nashville, Tennessee. With a mission to promote and shield the economic, financial, and political interests of small business owners, NFIB unites several hundred thousand entrepreneurs and independent businesses across all fifty states. By elevating their standing in their communities and working together, they aim to amplify their collective voice and influence at both federal and state levels. NFIB's nonpartisan advocacy efforts include lobbying on behalf of small businesses to ensure their concerns are addressed at various legislative bodies.


Official website here: www.nfib.com

What are the reviews and ratings of this charity?

The National Federation Of Independent Business Inc is currently not rated on Charity Navigator. This lack of rating is due to the organization not being registered as a 501(c)(3) nonprofit, which is a requirement for evaluation under Charity Navigator’s current methodologies. The absence of a rating does not imply anything about the organization's performance, positive or negative.

Charity Navigator’s historical metrics were chiefly based on Accountability and Finance, but recent changes consider broader impact metrics such as Leadership & Adaptability and Culture & Community. However, this organization is excluded from these evaluations because of its foundation status and IRS classification.

As there are no available reviews from GreatNonprofits, there is no firsthand feedback from the general public to offer additional insights into the organization's activities or reputation.


This AI summary has been generated from information found on Charity Navigator.

Is National Federation Of Independent Business Inc legitimate?

National Federation Of Independent Business Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. National Federation Of Independent Business 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: $5,909,497
Professional Fundraising Fees: $338,232
Other Salaries and Wages: $55,594,010

For more financial information, click here


Official website here: www.nfib.com

What is the mission statement of National Federation Of Independent Business Inc?

The National Federation of Independent Business (NFIB) is a nonpartisan advocacy organization dedicated to advancing the interests of small and independent businesses. Its mission is to enhance the economic, financial, and political well-being of its members. NFIB elevates the standing of independent business owners within their communities and unites them through its membership. With a presence in all fifty states, NFIB represents the collective voice of several hundred thousand small businesses, advocating on their behalf at both federal and state levels through its legislative committee.


Official website here: www.nfib.com

Who is the CEO of National Federation Of Independent Business Inc?

Brad Close is the President of National Federation Of Independent Business Inc.


Official website here: www.nfib.com

What is the revenue of National Federation Of Independent Business Inc?

National Federation Of Independent Business Inc's revenue in 2022 was $105,848,770.


Official website here: www.nfib.com

Who are the executives of National Federation Of Independent Business Inc and what are their salaries?

The average compensation at National Federation Of Independent Business Inc during 2022 was $75,464. There are 815 employees at National Federation Of Independent Business Inc.


Here are 28 key members and their salaries:


Brad Close (President)
  • Compensation: $1,137,387
  • Related: $0
  • Other: $58,136
Steve Schramm (Director)
  • Compensation: $26,039
  • Related: $0
  • Other: $249
Maria David (Director)
  • Compensation: $24,663
  • Related: $0
  • Other: $249
Jose Villa (Director)
  • Compensation: $24,631
  • Related: $0
  • Other: $249
Patti Mellard (Director)
  • Compensation: $24,000
  • Related: $0
  • Other: $249
Jeff Ready (Director)
  • Compensation: $19,863
  • Related: $0
  • Other: $249
Tom Bryce (Director)
  • Compensation: $19,200
  • Related: $0
  • Other: $249
Nevin Groce (Director)
  • Compensation: $19,200
  • Related: $0
  • Other: $249
Douglass Henry (Director)
  • Compensation: $19,200
  • Related: $0
  • Other: $249
Rob Holt (Director)
  • Compensation: $15,243
  • Related: $0
  • Other: $249
Sam Chamberlain (Chairman)
  • Compensation: $36,000
  • Related: $0
  • Other: $249
David Addington (Evp/Secretary/Parliamentarian)
  • Compensation: $662,845
  • Related: $0
  • Other: $29,757
John Casella (Svp)
  • Compensation: $536,772
  • Related: $0
  • Other: $58,434
Adam Temple (Svp)
  • Compensation: $409,027
  • Related: $0
  • Other: $53,175
Janet Connor (Vp)
  • Compensation: $382,171
  • Related: $0
  • Other: $31,649
Jeff Smith (Svp/Cfo)
  • Compensation: $363,864
  • Related: $0
  • Other: $47,678
Tim Franke (Vp)
  • Compensation: $313,691
  • Related: $0
  • Other: $59,122
Tim Goodrich (Vp)
  • Compensation: $304,500
  • Related: $0
  • Other: $43,323
Kipp Maloney (Vp)
  • Compensation: $286,128
  • Related: $0
  • Other: $30,844
Chris Pitts (Svp/Asst Secretary)
  • Compensation: $286,388
  • Related: $0
  • Other: $25,446
Kevin Kuhlman (Vp)
  • Compensation: $269,741
  • Related: $0
  • Other: $24,836
Dawn Simpson (Vp/Treasurer)
  • Compensation: $226,118
  • Related: $0
  • Other: $37,936
Mindy Kubrin (Field Sales Rep)
  • Compensation: $465,841
  • Related: $0
  • Other: $37,021
Robert Johnson (Field Sales Rep)
  • Compensation: $336,425
  • Related: $0
  • Other: $37,359
Lyle Payne (Field Sales Rep)
  • Compensation: $352,107
  • Related: $0
  • Other: $16,224
Victoria Willis (Telephone Region Sales Dir)
  • Compensation: $340,351
  • Related: $0
  • Other: $20,256
Jay Bowlby (Telephone Sales Div Mgr)
  • Compensation: $317,091
  • Related: $0
  • Other: $8,826
Tammy Boehms (Former Svp/Cfo)
  • Compensation: $154,628
  • Related: $0
  • Other: $2,423


Official website here: www.nfib.com

Where can I find the form 990 for National Federation Of Independent Business Inc?

National Federation Of Independent Business Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.nfib.com

Learn more at the official website: www.nfib.com

Mission Statement of National Federation Of Independent Business Inc

The National Federation of Independent Business (NFIB) is a nonpartisan advocacy organization with a mission to promote and protect the economic, financial, and political interests of small and independent businesses. Established in various states across the country, NFIB aims to elevate the prestige and standing of small business owners in their communities and unite them under a collective voice.

NFIB works diligently to lobby on behalf of its members at both the federal and state levels through its affiliated companies. With a strong presence and influence, the organization strives to ensure that the concerns of small and independent businesses are heard and addressed. Headquartered in Nashville, Tennessee, NFIB prides itself on being a powerful advocate for its members, dedicated to securing a business environment that fosters growth and success.

By representing the interests of several hundred thousand small and independent businesses, NFIB plays a pivotal role in shaping policies that positively impact the business community. The organization's mission is fueled by its commitment to empowering small business owners and helping them navigate the complexities of the economic landscape. In doing so, NFIB not only protects the welfare of its members but also contributes to a thriving and dynamic economy.

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Impact




October, 2024

The National Federation of Independent Business (NFIB) significantly impacts the landscape for small and independent businesses across the United States. By advocating for the economic, financial, and political welfare of its members, NFIB elevates the stature of independent business owners within their communities. This advocacy extends at both federal and state levels, ensuring that the interests of small businesses are represented in legislative discussions and policy-making processes.

With a membership base comprising several hundred thousand small business owners, NFIB serves as a crucial voice in lobbying for favorable conditions that facilitate business growth and sustainability. This includes pushing for regulatory reforms, tax policies, and other legislative measures that benefit small enterprises, thereby fostering a healthier economic environment.

Moreover, NFIB plays a vital role in organizing small business owners, helping to create a unified front that enhances their influence in political and economic matters. By focusing on community improvement, NFIB not only advocates for its members' interests but also contributes to the overall strengthening of local economies. The organization's presence in all fifty states enables it to address a wide array of challenges faced by small businesses, making it a pivotal entity in the ongoing fight for the rights and recognition of independent business owners.




This information is meant to be a general summary of National Federation Of Independent Business 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.

Revenue
$105,848,770 (2022)
Expenses
$95,257,739 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,337,410
  • Program Service Revenue: $98,380,246
  • Gross Receipts: $112,332,332

Assets and Liabilities:

  • Total Assets: $93,908,878
  • Total Liabilities: $65,166,140
  • Net Assets: $28,742,738

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP DUES

Revenue

$98,331,172

REGISTRATION FEES

Revenue

$49,074

Organization Details

Founding Year

1949

Principal Officer

Brad Close

Main Address

53 CENTURY BOULEVARD STE 250, NASHVILLE, TN, 372143682

NTEE Category

Code: S41 - Community improvement

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