Nonprofit · EIN 03-0576666
SMALL BUSINESS MAJORITY FOUNDATION INC
Tax-exempt · ELK GROVE, CA 95624
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,565,308 | $5,358,596 | $206,712 | $6,010,443 | $3,514,024 | $2,496,419 |
| December 31, 2023 | 990 | $5,327,951 | $5,127,816 | $200,135 | $9,077,609 | $6,787,902 | $2,289,707 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,330,578
- Program service revenue
- $0
- Investment income
- $228,026
- Net gain from sales of assets
- $234
- Other revenue
- $6,704
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $533,978
- Other salaries and wages
- $3,141,657
- Salaries, compensation and benefits (total)
- $4,247,114
- Professional fundraising fees
- $0
- Legal fees
- $5,123
- Accounting fees
- $30,075
- Occupancy
- $200,210
- Travel
- $108,970
- Depreciation
- $16,169
- Program services (functional)
- $4,389,404
- Management and general (functional)
- $530,237
- Fundraising (functional)
- $438,955
Balance sheet and other
- Total assets, start of year
- $9,077,609
- Total assets, end of year
- $6,010,443
- Total liabilities, end of year
- $3,514,024
- Net assets, end of year
- $2,496,419
- Land, buildings and equipment
- $23,474
- Publicly traded securities
- $3,808,786
- Net assets without donor restrictions
- $2,496,419
- Gross receipts
- $5,565,374
- Employees
- 40
- Volunteers
- 5
- Year formed
- 2005
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN ARENSMEYER | FOUNDER & CEO Trustee or director, Officer | 60 | $343,481 | $14,172 |
| DAVID CHASE | VICE PRESIDENT, POLICY & ADVOCACY Highest-paid employee | 60 | $201,763 | $11,122 |
| BRIAN PIFER | VICE PRESIDENT, RESEARCH & INSIGHTS Highest-paid employee | 60 | $176,074 | $30,552 |
| CASSIE MILLS | VICE PRESIDENT, COMMUNICATIONS Highest-paid employee | 60 | $182,469 | $13,859 |
| KATHLEEN BERRY | SECRETARY/TREASURER/VP, OPERATIONS Officer | 40 | $169,501 | $6,823 |
| REBEKAH CHASE | CONTROLLER Highest-paid employee | 40 | $148,019 | $21,303 |
| ESZTER SZOCSKA | DIGITAL COMMUNICATION & IT DIRECTOR Highest-paid employee | 40 | $137,968 | $18,088 |
| TALIBAH BAYLES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEN HENDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAUL QUINTERO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAJUANNA RUSSELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAFINA WILLIAMS | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| John Arensmeyer | Founder & CEO Trustee or director, Officer | 60 | $312,035 | $12,976 |
| Mark Herbert | Chief Strategy Officer Highest-paid employee | 60 | $222,689 | $34,340 |
| Xiomara Pena | Vice Pesident, Programs & Engagement Highest-paid employee | 60 | $175,850 | $26,575 |
| David Chase | Vice President, Policy & Advocacy Highest-paid employee | 60 | $183,098 | $9,698 |
| Cassie Mills | Vice President, Communications Highest-paid employee | 60 | $167,098 | $21,147 |
| Brian Pifer | Vice President, Research & Insights Highest-paid employee | 60 | $156,070 | $31,622 |
| Kathleen Berry | Secretary/Treasurer/VP, Operations Officer | 40 | $171,188 | $5,075 |
| Ken Henderson | Director Trustee or director | 1 | $0 | $0 |
| LaJuanna Russell | Director Trustee or director | 1 | $0 | $0 |
| Paul Quintero | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 9328 ELK GROVE BLVD STE105318, ELK GROVE, CA 95624-5063
- In care of
- % REBEKAH CHASE
- Principal officer (990 for 2024)
- JOHN ARENSMEYER, 1015 15TH STREET NW 450, WASHINGTON, DC 20005
- Signed the 990
- JOHN ARENSMEYER, FOUNDER & CEO
- Phone
- (202) 828-8357
- Return prepared by
- CRI CAPIN CROUSE ADVISORS LLC
California records
California keeps its own records of charities and corporations. Search them by EIN 03-0576666 or by the name SMALL BUSINESS MAJORITY FOUNDATION INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
SMALL BUSINESS MAJORITY IS A NATIONAL SMALL BUSINESS ADVOCACY ORGANIZATION, FOUNDED BY SMALL BUSINESS OWNERS TO ENSURE THAT SMALL BUSINESSES ARE AT THE HEART OF A THRIVING, INCLUSIVE ECONOMY. WE ACTIVELY ENGAGE SMALL BUSINESS OWNERS ACROSS AMERICA TO DRIVE SMART PUBLIC POLICY AND GET ENTREPRENEURS THE RESOURCES THEY NEED TO THRIVE.
Program accomplishments
- OUTREACH, EDUCATION & ADVOCACY - WE CONDUCT OUTREACH FROM OUR OFFICES IN WASHINGTON, DC, CALIFORNIA, COLORADO, GEORGIA, ILLINOIS, NEW MEXICO AND NEW YORK, WITH A FOCUS ON SERVING THE NEEDS OF UNDER-RESOURCED SMALL BUSINESS OWNERS. WE PROVIDE A SUITE OF EDUCATIONAL PROGRAMS AND CONNECTIONS TO RESOURCES TO EMPOWER ENTREPRENEURS TO START AND GROW THEIR ENTERPRISES AND MAXIMIZE THEIR ECONOMIC PROSPERITY ON TOPICS LIKE ACCESS TO RESPONSIBLE CAPITAL, HEALTHCARE AND OTHER ESSENTIAL BENEFITS, AND LEVEL PLAYING FIELD. FURTHERMORE, WE PROVIDE SMALL BUSINESS OWNERS OPPORTUNITIES TO ADVOCATE FOR PUBLIC POLICY CHANGES IN THESE AREAS THAT ADVANCE ENTREPRENEURSHIP. OUR NETWORK IS COMPRISED OF MORE THAN 85,000 SMALL BUSINESS OWNERS AND MORE THAN 1,500 BUSINESS ORGANIZATIONS. OUR WORK IS GUIDED BY A NATIONAL AND STATE SMALL BUSINESS COUNCILS OF ACTIVE SMALL BUSINESS OWNERS.Expenses $3,157,529
- COMMUNICATIONS - WE COMMUNICATE OUR MESSAGE TO POLICYMAKERS AND THE MEDIA VIA EXTENSIVE PUBLIC RELATIONS EFFORTS TARGETING MAINSTREAM ELECTRONIC, PRINT AND ONLINE MEDIA. OUR WORK INCLUDES ONE-ON-ONE COMMUNICATION WITH REPORTERS, PRESS RELEASES, OP-EDS, LETTERS TO THE EDITOR, MULTIPLE WEB SITES, A MONTHLY NEWSLETTER AND DAILY COMMUNICATION VIA A HOST OF SOCIAL MEDIA CHANNELS.Expenses $785,903
- RESEARCH - WE CONDUCT WIDE-RANGING RESEARCH TO UNDERSTAND SMALL BUSINESS OWNERS' NEEDS, CHALLENGES AND OPPORTUNITIES. FOCUSED ON UNCOVERING THE PERSPECTIVES OF SMALL BUSINESS OWNERS, WE COMMUNICATE OUR FINDINGS TO POLICYMAKERS, THE MEDIA AND OTHER STAKEHOLDERS. OUR RESEARCH PRODUCTS INCLUDE SCIENTIFIC OPINION POLLING, INTERNAL NETWORK SURVEYS, FOCUS GROUPS AND ROUNDTABLE DISCUSSIONS. WE WORK WITH ACADEMIC AND OTHER RESEARCH INSTITUTIONS TO AGGREGATE AND SYNTHESIZE DATA TO BETTER UNDERSTAND THE CHALLENGES FACED BY UNDER-RESOURCED ENTREPRENEURS AND ASSESS THE BENEFIT OF PUBLIC POLICIES AND TARGETED RESOURCE INTERVENTIONS.Expenses $445,972
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 03-0576666
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S43)
- Assets (IRS master file)
- $6,010,443
- Income (IRS master file)
- $5,565,374
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,565,308 | $5,358,596 | $6,010,443 | XML |
| 990 | December 2023 | $5,327,951 | $5,127,816 | $9,077,609 | XML |
| 990 | December 2022 | $4,849,945 | $4,400,534 | $7,051,488 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 03-0576666).
Questions about SMALL BUSINESS MAJORITY FOUNDATION INC
- What is the EIN of SMALL BUSINESS MAJORITY FOUNDATION INC?
- The employer identification number (EIN) of SMALL BUSINESS MAJORITY FOUNDATION INC is 03-0576666.
- Is SMALL BUSINESS MAJORITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to SMALL BUSINESS MAJORITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SMALL BUSINESS MAJORITY FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SMALL BUSINESS MAJORITY FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SMALL BUSINESS MAJORITY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SMALL BUSINESS MAJORITY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names JOHN ARENSMEYER.
- Who are the officers and directors of SMALL BUSINESS MAJORITY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 7 received compensation from the organization, the highest $343,481 (JOHN ARENSMEYER, FOUNDER & CEO).
- How much revenue does SMALL BUSINESS MAJORITY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,565,308, expenses of $5,358,596 and total assets of $6,010,443 at year end.
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All nonprofits in ELK GROVE · California · Community improvement and capacity building