Nonprofit · EIN 83-2618697
BUSINESS ACTION FUND
Tax-exempt · N BETHESDA, MD 20852
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $56,408 | $52,421 | $3,987 | $383,283 | $20,385 | $362,898 |
| December 31, 2023 | 990 | $101,990 | $179,278 | -$77,288 | $367,576 | $8,253 | $359,323 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $50,473
- Program service revenue
- $0
- Investment income
- $5,935
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $5,782
- Other salaries and wages
- $16,599
- Salaries, compensation and benefits (total)
- $18,545
- Professional fundraising fees
- $0
- Legal fees
- $1,158
- Accounting fees
- $19,274
- Travel
- $2,738
- Program services (functional)
- $28,309
- Management and general (functional)
- $22,147
- Fundraising (functional)
- $1,965
Balance sheet and other
- Total assets, start of year
- $367,576
- Total assets, end of year
- $383,283
- Total liabilities, end of year
- $20,385
- Net assets, end of year
- $362,898
- Net assets without donor restrictions
- $362,898
- Gross receipts
- $56,408
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2018
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RICHARD TRENT | EXECUTIVE DIRECTOR SINCE APRIL 2024 Officer | 40 | $0 | $131,821 | $4,345 |
| CHANDA CAUSER | EXECUTIVE DIRECTOR UNTIL FEBRUARY 2024 Officer | 40 | $0 | $30,669 | $0 |
| DAVID BORRIS | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| J KELLY CONKLIN | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| THOMAS LEE JOHNSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ISRAL DEBRUIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| CHANDA CAUSER | EXECUTIVE DIRECTOR Trustee or director, Officer | 1 | $0 | $193,812 |
| J KELLY CONKLIN | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DAVID BORRIS | TREASUER Trustee or director, Officer | 1 | $0 | $0 |
| JOSIE KALIPENI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| THOMAS LEE JOHNSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ISRAL DEBRUIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TIM LAMPKIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 909 ROSE AVE STE 400, N BETHESDA, MD 20852-8758
- Mailing address (990-N for 2019)
- 1875 Connecticut Ave NW, Washington DC 20009
- Principal officer (990 for 2024)
- RICHARD TRENT, 909 ROSE AVE STE 400, NORTH BETHESDA, MD 20852
- Principal officer (990-N for 2019)
- Stephen Michael, 1875 Connecticut Ave NW, Washington DC 20009
- Signed the 990
- RICHARD TRENT, EXECUTIVE DIRECTOR
- Phone
- (301) 965-0280
- Return prepared by
- EASY OFFICE DBA JITASA
Mission
BUSINESS ACTION FUND SUPPORTS ITS FLAGSHIP PROJECT, MAIN STREET ACTION, TO ADVOCATE AND LOBBY FOR SMALL BUSINESS INTERESTS AND TO SUPPORT BUSINESS OWNERS TO ADVOCATE FOR THEIR OWN INTERESTS BY TELLING THEIR OWN STORIES ABOUT WHAT MAKES THEIR BUSINESSES SUCCESSFUL AND WHAT TYPES OF POLICIES WOULD HELP THEIR BUSINESSES THRIVE.
Program accomplishments
- MAIN STREET ALLIANCE: BUSINESS ACTION FUND DBA MAIN STREET ACTION CONTINUED TO ADVOCATE ON BEHALF OF SMALL BUSINESSES ACROSS OUR CORE ISSUE AREAS TO ADVANCE POLICY THAT CAN IMPROVE LOCAL ECONOMIES.Expenses $28,309 · grants $5,782
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
- 83-2618697
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $383,283
- Income (IRS master file)
- $56,408
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $56,408 | $52,421 | $383,283 | XML |
| 990 | December 2023 | $101,990 | $179,278 | $367,576 | XML |
| 990 | December 2022 | $252,677 | $314,633 | $535,847 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: Stephen Michael | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 83-2618697).
Questions about BUSINESS ACTION FUND
- What is the EIN of BUSINESS ACTION FUND?
- The employer identification number (EIN) of BUSINESS ACTION FUND is 83-2618697.
- Is BUSINESS ACTION FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2020.
- Which annual return does BUSINESS ACTION FUND 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 ACTION FUND 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 ACTION FUND 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 ACTION FUND?
- The 990 for the year ended December 31, 2024 names RICHARD TRENT.
- Who are the officers and directors of BUSINESS ACTION FUND?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does BUSINESS ACTION FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $56,408, expenses of $52,421 and total assets of $383,283 at year end.
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