Nonprofit · EIN 84-2969730
BUSINESS EDUCATION FUND
Tax-exempt · N BETHESDA, MD 20852
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $700,286 | $1,046,891 | -$346,605 | $954,655 | $15,317 | $939,338 |
| December 31, 2023 | 990 | $1,035,739 | $1,457,509 | -$421,770 | $1,298,417 | $10,579 | $1,287,838 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $672,718
- Program service revenue
- $0
- Investment income
- $27,543
- Other revenue
- $25
Expenses
- Grants and similar amounts paid
- $6,476
- Compensation of officers, directors and key employees
- $284,830
- Other salaries and wages
- $306,636
- Salaries, compensation and benefits (total)
- $690,720
- Professional fundraising fees
- $0
- Accounting fees
- $41,168
- Occupancy
- $11,309
- Travel
- $34,969
- Program services (functional)
- $860,605
- Management and general (functional)
- $122,485
- Fundraising (functional)
- $63,801
Balance sheet and other
- Total assets, start of year
- $1,298,417
- Total assets, end of year
- $954,655
- Total liabilities, end of year
- $15,317
- Net assets, end of year
- $939,338
- Publicly traded securities
- $757,567
- Net assets without donor restrictions
- $937,760
- Net assets with donor restrictions
- $1,578
- Gross receipts
- $700,286
- Employees
- 11
- Volunteers
- 4
- Year formed
- 2018
- 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 |
|---|---|---|---|---|
| RICHARD TRENT | EXECUTIVE DIRECTOR SINCE APRIL 2024 Officer | 40 | $131,821 | $4,345 |
| CHRIS COLLINS | HIGHEST COMPENSATED EMPLOYEE Highest-paid employee | 40 | $117,300 | $697 |
| CHANDA CAUSER | EXECUTIVE DIRECTOR UNTIL FEBRUARY 2024 Officer | 40 | $30,669 | $0 |
| J KELLY CONKLIN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DAVID BORRIS | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| THOMAS LEE JOHNSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ISRAL DEBRUIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHANDA CAUSER | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $192,013 | $1,799 |
| J KELLY CONKLIN | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DAVID BORRIS | TREASURER 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
- In care of
- % MAIN STREET ALLIANCE
- 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 EDUCATION FUND SUPPORTS ITS FLAGSHIP PROJECT, MAIN STREET ALLIANCE, TO: ENSURE AUTHENTIC SMALL BUSINESS OWNERS THEMSELVES ARE PART OF DEFINING THE PROBLEM AND INFORMING POLICY SOLUTIONS SO THAT THE NEEDS OF EVEN THE SMALLEST AND LEAST CONNECTED BUSINESSES ARE HEARD; RECRUIT AND SUPPORT SMALL BUSINESS OWNERS TO SHARE POWERFUL STORIES TO HIGHLIGHT THE REAL NEEDS OF SMALL BUSINESS; AND SHIFT THE NARRATIVE - IN THE MEDIA, WITH DECISION-MAKERS, AND WITHIN MORE MAINSTREAM BUSINESS GROUPS - ABOUT PRIORITIES FOR MAIN STREET SMALL BUSINESS ECONOMY.
Program accomplishments
- MAIN STREET ALLIANCE: BUSINESS EDUCATION FUND DBA MAIN STREET ALLIANCE CONTINUES TO TRAIN AND DEVELOP SMALL BUSINESS OWNERS ON ISSUES THAT IMPACT LOCAL ECONOMIES AND THEIR COMMUNITIES IN ORDER TO ADVANCE LOCAL ECONOMIES.Expenses $860,605 · grants $6,476
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
- 84-2969730
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $954,655
- Income (IRS master file)
- $700,286
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $700,286 | $1,046,891 | $954,655 | IRS |
| 990 | December 2023 | $1,035,739 | $1,457,509 | $1,298,417 | XML |
| 990 | December 2022 | $1,999,588 | $1,367,112 | $1,725,500 | 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 84-2969730).
Questions about BUSINESS EDUCATION FUND
- What is the EIN of BUSINESS EDUCATION FUND?
- The employer identification number (EIN) of BUSINESS EDUCATION FUND is 84-2969730.
- Is BUSINESS EDUCATION FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to BUSINESS EDUCATION FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BUSINESS EDUCATION 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 EDUCATION 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 EDUCATION 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 EDUCATION FUND?
- The 990 for the year ended December 31, 2024 names RICHARD TRENT.
- Who are the officers and directors of BUSINESS EDUCATION FUND?
- The 990 for the year ended December 31, 2024 lists 7 people; 3 received compensation from the organization, the highest $131,821 (RICHARD TRENT, EXECUTIVE DIRECTOR SINCE APRIL 2024).
- How much revenue does BUSINESS EDUCATION FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $700,286, expenses of $1,046,891 and total assets of $954,655 at year end.
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