Nonprofit · EIN 82-5423675
BUSINESS FOR A FAIR MINIMUM WAGE INC
Tax-exempt · SILVER SPRING, MD 20910
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $394,082 | $400,707 | -$6,625 | $1,883 | $0 | $1,883 |
| December 31, 2023 | 990 | $498,695 | $534,697 | -$36,002 | $8,508 | $0 | $8,508 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $169,082
- Program service revenue
- $225,000
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $175,615
- Other salaries and wages
- $73,700
- Salaries, compensation and benefits (total)
- $249,315
- Professional fundraising fees
- $0
- Accounting fees
- $2,150
- Program services (functional)
- $377,078
- Management and general (functional)
- $23,629
Balance sheet and other
- Total assets, start of year
- $8,508
- Total assets, end of year
- $1,883
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,883
- Gross receipts
- $394,082
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2018
- State of legal domicile
- MD
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 |
|---|---|---|---|
| HOLLY SKLAR | PRESIDENT & CEO Trustee or director, Officer | 40 | $149,000 |
| ALISSA BARRON-MENZA | DIRECTOR Trustee or director, Officer | 2 | $16,679 |
| LEWIS PRINCE | DIRECTOR Trustee or director | 3 | $6,650 |
| DENISE BOWYER | DIRECTOR Trustee or director | 1 | $3,285 |
| MICHAEL KANTER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HOLLY SKLAR | CEO Trustee or director, Officer | 40 | $167,500 |
| ALISSA BARRON-MENZA | VICE PRESIDENT Trustee or director, Officer | 27 | $93,241 |
| MICHAEL KANTER | DIRECTOR Trustee or director | 1 | $0 |
| DENISE BOWYER | DIRECTOR Trustee or director | 1 | $0 |
| LEWIS PRINCE | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 8705 COLESVILLE ROAD STE B UNIT 300, SILVER SPRING, MD 20910-3903
- In care of
- % ALLISA BARRON-MENZA
- Principal officer (990 for 2024)
- HOLLY SKLAR, 8705 COLESVILLE ROAD STE B UNIT 300, SILVER SPRING, MD 20910
- Signed the 990
- HOLLY SKLAR, PRESIDENT
- Phone
- (301) 960-5281
- Return prepared by
- BSC GROUP LLC
Mission
TO EDUCATE ABOUT THE BUSINESS CASE FOR A HIGHER MINIMUM WAGE, AND TO ORGANIZE AND PUBLICIZE BUSINESS SUPPORT FOR RAISING THE MINIMUM WAGE AND OTHER FAIR EMPLOYMENT POLICIES.
Program accomplishments
- EDUCATE AND ORGANIZE BUSINESS LEADERS IN SUPPORT OF A HIGHER MINIMUM WAGE AND OTHER FAIR EMPLOYMENT POLICIES AT THE FEDERAL, STATE AND LOCAL LEVEL. SHARE BUSINESS VIEWS WITH POLICYMAKERS AND THE PUBLIC THROUGH POLICY MEMOS AND REPORTS, MEETINGS, BRIEFINGS, HEARINGS, PRESS EVENTS, BUSINESS TOURS AND MORE. IDENTIFY, TRAIN AND ENGAGE DIVERSE BUSINESS SPOKESPEOPLE FOR PUBLIC EVENTS, MEDIA REQUESTS AND HEARINGS. MAKE THE BUSINESS AND ECONOMIC CASE FOR RAISING THE MINIMUM WAGE AND OTHER FAIR EMPLOYMENT POLICIES THROUGH OPINION MEDIA, NEWS MEDIA AND SOCIAL MEDIA.Expenses $377,078 · revenue $225,000
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
- 82-5423675
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $1,883
- Income (IRS master file)
- $394,082
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $394,082 | $400,707 | $1,883 | XML |
| 990 | December 2023 | $498,695 | $534,697 | $8,508 | XML |
| 990 | December 2022 | $359,150 | $471,990 | $44,510 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 82-5423675).
Questions about BUSINESS FOR A FAIR MINIMUM WAGE INC
- What is the EIN of BUSINESS FOR A FAIR MINIMUM WAGE INC?
- The employer identification number (EIN) of BUSINESS FOR A FAIR MINIMUM WAGE INC is 82-5423675.
- Is BUSINESS FOR A FAIR MINIMUM WAGE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2021.
- Are donations to BUSINESS FOR A FAIR MINIMUM WAGE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BUSINESS FOR A FAIR MINIMUM WAGE 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 FOR A FAIR MINIMUM WAGE 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 FOR A FAIR MINIMUM WAGE 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 FOR A FAIR MINIMUM WAGE INC?
- The 990 for the year ended December 31, 2024 names HOLLY SKLAR.
- Who are the officers and directors of BUSINESS FOR A FAIR MINIMUM WAGE INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 4 received compensation from the organization, the highest $149,000 (HOLLY SKLAR, PRESIDENT & CEO).
- How much revenue does BUSINESS FOR A FAIR MINIMUM WAGE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $394,082, expenses of $400,707 and total assets of $1,883 at year end.
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