Nonprofit · EIN 84-2583244
CAPITAL BUSINESS DEVELOPMENT ASSOCIATION
Tax-exempt · RESTON, VA 20195
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $631,945 | $675,740 | -$43,795 | $96,419 | $0 | $96,419 |
| December 31, 2023 | 990-EZ | $131,884 | $82,153 | $49,731 | $127,106 | – | $127,106 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $625,000
- Program service revenue
- $0
- Investment income
- $1,740
- Net income from fundraising events
- $5,205
- Other revenue
- $5,205
Expenses
- Grants and similar amounts paid
- $606,480
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $957
- Program services (functional)
- $662,297
- Management and general (functional)
- $13,443
Balance sheet and other
- Total assets, start of year
- $167,133
- Total assets, end of year
- $96,419
- Total liabilities, end of year
- $0
- Net assets, end of year
- $96,419
- Gross receipts
- $715,822
- Employees
- 0
- State of legal domicile
- VA
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 |
|---|---|---|---|
| CHARLES PAINTER | PRESIDENT Officer | 2 | $0 |
| BG THOMAS VERBECK | VICE PRESIDENT Officer | 1 | $0 |
| BRUCE SCHOMAKER | TREASURER Officer | 2 | $0 |
| BEN RANIERI | SECRETARY Officer | 2 | $0 |
990-EZ for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES PAINTER | PRESIDENT | 20 | $0 |
| THOMAS VERBEK | VICE PRESIDENT | 10 | $0 |
| CHRYSTINA NGUYEN | SECRETARY | 2 | $0 |
| BRUCE SCHOMAKER | TREASURER | 4 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2651, RESTON, VA 20195-0651
- In care of
- % CHARLES N PAINTER
- Principal officer (990 for 2024)
- CHARLES PAINTER, 3710 PURKS POURT, Alexandria, VA 22309
- Signed the 990
- BRUCE SCHOMAKER, TREASURER
- Phone
- (571) 722-6845
- Return prepared by
- HRB TAX GROUP INC
Mission
SUPPORTING GOVCON SMALL AND MEDIUM SIZE BUSINESSES
Program accomplishments
- AWARDED SCHOLORSHIPS FOR CYBER SECURITY NETWORKING DINNERS AND GOLF EVENTS TO PROMOTE SMALL AND MEDIUM BUSINESSES
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-EZ on file |
IRS record
- EIN
- 84-2583244
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $96,419
- Income (IRS master file)
- $715,822
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $631,945 | $675,740 | $96,419 | XML |
| 990-EZ | December 2023 | $131,884 | $82,153 | $127,106 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | 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 84-2583244).
Questions about CAPITAL BUSINESS DEVELOPMENT ASSOCIATION
- What is the EIN of CAPITAL BUSINESS DEVELOPMENT ASSOCIATION?
- The employer identification number (EIN) of CAPITAL BUSINESS DEVELOPMENT ASSOCIATION is 84-2583244.
- Is CAPITAL BUSINESS DEVELOPMENT ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to CAPITAL BUSINESS DEVELOPMENT ASSOCIATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CAPITAL BUSINESS DEVELOPMENT ASSOCIATION 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 CAPITAL BUSINESS DEVELOPMENT ASSOCIATION 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 CAPITAL BUSINESS DEVELOPMENT ASSOCIATION 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 CAPITAL BUSINESS DEVELOPMENT ASSOCIATION?
- The 990 for the year ended December 31, 2024 names CHARLES PAINTER.
- Who are the officers and directors of CAPITAL BUSINESS DEVELOPMENT ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does CAPITAL BUSINESS DEVELOPMENT ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $631,945, expenses of $675,740 and total assets of $96,419 at year end.
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