Nonprofit · EIN 74-2764780
BUSINESS INVESTMENT GROWTH INC
Tax-exempt · AUSTIN, TX 78754
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,028,868 | $1,118,937 | -$90,069 | $181,182 | $286,956 | -$105,774 |
| December 31, 2023 | 990 | $1,224,853 | $898,370 | $326,483 | $261,077 | $177,641 | $83,436 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,007,816
- of which government grants
- $95,802
- Program service revenue
- $20,905
- Investment income
- $147
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $41,267
- Compensation of officers, directors and key employees
- $145,000
- Other salaries and wages
- $424,744
- Salaries, compensation and benefits (total)
- $663,618
- Professional fundraising fees
- $0
- Occupancy
- $149,844
- Program services (functional)
- $252,078
- Management and general (functional)
- $396,510
- Fundraising (functional)
- $470,349
Balance sheet and other
- Total assets, start of year
- $261,077
- Total assets, end of year
- $181,182
- Total liabilities, end of year
- $286,956
- Net assets, end of year
- -$105,774
- Land, buildings and equipment
- $21,872
- Net assets without donor restrictions
- -$105,774
- Gross unrelated business income
- $147
- Gross receipts
- $1,028,868
- Employees
- 9
- Volunteers
- 40
- Year formed
- 1995
- State of legal domicile
- TX
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 |
|---|---|---|---|
| STACY DUKES RHONE | EXECUTIVE DIRECTOR Key employee | 40 | $145,000 |
| BEVERLY WATTS DAVIS | DIRECTOR Trustee or director | 1 | $0 |
| LINDA YOUNG | SECRETARY Trustee or director, Officer | 2 | $0 |
| DONNA MYERS | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| MELVIN WRENN | CHAIRPERSON Trustee or director, Officer | 3 | $0 |
| ALFRED JACKSON | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STACY DUKES RHONE | EXECUTIVE DIRECTOR Key employee | 40 | $145,000 |
| BEVERLY WATTS DAVIS | DIRECTOR Trustee or director | 1 | $0 |
| DUMAS M SIMEUS | DIRECTOR Trustee or director | 1 | $0 |
| TODD REED | DIRECTOR Trustee or director | 1 | $0 |
| LINDA YOUNG | SECRETARY Trustee or director, Officer | 2 | $0 |
| MANUAL MORIN | TREASURER Trustee or director, Officer | 2 | $0 |
| DONNA MYERS | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| MELVIN WRENN | CHAIRPERSON Trustee or director, Officer | 3 | $0 |
| ALFRED JACKSON | DIRECTOR Trustee or director | 1 | $0 |
| BENTLEY HARRIS | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 8000 CENTRE PARK DR STE 200, AUSTIN, TX 78754-5140
- In care of
- % STACY RHONE
- Principal officer (990 for 2024)
- STACY D RHONE, 8000 CENTRE PARK DRIVE, AUSTIN, TX 78754
- Signed the 990
- STACY D RHONE, EXECUTIVE DIRECTOR
- Phone
- (512) 928-8010
- Website
- WWW.BIGAUSTIN.ORG
- Return prepared by
- M Veazie CPA
Mission
BIGAUSTIN ASSISTS SMALL BUSINESSES WITH SUCCESSFUL GROW BY PROVIDING COMPREHENSIVE EDUCATION, TAILORED BUSINESS COUNSELING, AND FLEXIBLE LOANS.
Program accomplishments
- THE ORGANIZATION ASSISTS INDIVIDUALS WITH AN INTEREST IN BUSINESS OWNERSHIP OR BUSINESS EXPANSION WHOSE ACCESS TO CREDIT AND/OR TO HIGH QUALITY BUSINESS TRAINING AND ON GOING SUPPORT IS LIMITED OR NON-EXISTENT AS A RESULT OF POVERTY, MINORITY OR GENDER STATUS, OR OTHER BARRIERS TO BUSINESS OPPORTUNITY. THROUGH THE SERVICES PROVIDED BY THE ORGANIZATION, ENTREPRENEURS GAIN ACCESS TO MARKETS, FINANCIAL LITERACY, MANAGEMENT SKILLS AND INCREASED ACCESS TO FUNDING.Expenses $252,078 · grants $95,802 · revenue $1,028,868
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
- 74-2764780
- 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
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $181,182
- Income (IRS master file)
- $1,028,868
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,028,868 | $1,118,937 | $181,182 | XML |
| 990 | December 2023 | $1,224,853 | $898,370 | $261,077 | XML |
| 990 | December 2022 | $883,158 | $626,428 | $152,112 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 74-2764780).
Questions about BUSINESS INVESTMENT GROWTH INC
- What is the EIN of BUSINESS INVESTMENT GROWTH INC?
- The employer identification number (EIN) of BUSINESS INVESTMENT GROWTH INC is 74-2764780.
- Is BUSINESS INVESTMENT GROWTH INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to BUSINESS INVESTMENT GROWTH INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BUSINESS INVESTMENT GROWTH 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 BUSINESS INVESTMENT GROWTH 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 BUSINESS INVESTMENT GROWTH 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 BUSINESS INVESTMENT GROWTH INC?
- The 990 for the year ended December 31, 2024 names STACY D RHONE.
- Who are the officers and directors of BUSINESS INVESTMENT GROWTH INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $145,000 (STACY DUKES RHONE, EXECUTIVE DIRECTOR).
- How much revenue does BUSINESS INVESTMENT GROWTH INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,028,868, expenses of $1,118,937 and total assets of $181,182 at year end.
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