NFIB YOUNG ENTREPRENEUR FOUNDATION Charity Report

Public IRS 990 nonprofit record

NFIB YOUNG ENTREPRENEUR FOUNDATION

EIN 62-1557196 · Business and Industry

What they do

THE MISSION of THE NFIB YOUNG ENTREPRENEUR FOUNDATION is to EDUCATE YOUNG PEOPLE ABOUT THE CRITICAL ROLE of SMALL BUSINESS and AMERICAN FREE-ENTERPRISE SYSTEM and to HELP STUDENTS INTERESTED IN SMALL BUSINESS and ENTREPRENEURSHIP FURTHER THEIR EDUCATION. BY PROMOTING THE LESSONS of FREE ENTERPRISE IN THE CLASSROOM, THE FOUNDATION HOPES to BUILD THE NEXT GENERATION of SMALL-BUSINESS OWNERS and ENTREPRENEURS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $93.30 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2018The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders19 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

683.81%of revenue went to mission work93.3% of expenses · Program services

6.33%of revenue went to fundraising0.9% of expenses

$733.18spent for every $100 of revenueSpending was higher than revenue this year.

43.04%of revenue went to management and office costs5.9% of expenses

$1.38in assets for every $1 spent this yearSome assets cannot be spent right away.

8.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $232,680 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $49,229 for BRAD CLOSE (VP). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2018

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$36,748

Mission workProgram services$251,287683.81% of revenue93.3% of expenses

ManagementOffice and general costs$15,81543.04% of revenue5.9% of expenses

FundraisingAsking for donations$2,3266.33% of revenue0.9% of expenses

Total expenses$269,428733.18% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2018CurrentExpense mix: 93.3% mission · 5.9% management · 0.9% fundraisingTotal expenses: 733.18% of revenue

2017Expense mix: 92.1% mission · 6.2% management · 1.6% fundraisingTotal expenses: 282.59% of revenue

2016Expense mix: 91.5% mission · 6.2% management · 2.3% fundraisingTotal expenses: 209.39% of revenue

Money in and money out

Revenue$36,748

Expenses$269,428

Annual shortfall $232,680 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$251,287 · 93.3% of expenses

Management and office costs$15,815 · 5.9% of expenses

Fundraising$2,326 · 0.9% of expenses

See all reported dollar amounts

Revenue$36,748

Expenses$269,428

Assets$372,658

Income$169,201

Contributions$3,000

Mission work (program services)$251,287

Fundraising$2,326

Grants given$221,247

Average grant$55,312

Management and general$15,815

Stocks and bonds$356,368

Accounting fees$11,603

Investing fees$2,665

People

Leadership and board

Tax year 2018

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

BRAD CLOSEVP · 1 hrs/week $49,229Base · Other $49,229

MARY BLASINSKYASST SECRETARY · 1 hrs/week $39,225Base · Other $39,225

JEFF SMITHTREASURER · 1 hrs/week $38,044Base · Other $38,044

TAMMY S BOEHMSPRESIDENT/CFO · 1 hrs/week $30,395Base · Other $30,395

DAVID ADDINGTONSECRETARY/PARLIAMENTARIAN · 1 hrs/week $28,622Base · Other $28,622

JUANITA D DUGGANDIRECTOR · 1 hrs/week $27,481Base · Other $27,481

TOM BRYCEDIRECTOR $249Base · Other $249

BARBARA KNIFF-MCCULLADIRECTOR $249Base · Other $249

STEVE SCHRAMMDIRECTOR $249Base · Other $249

SHERRY WUEBBENDIRECTOR $249Base · Other $249

SAM CHAMBERLAINDIRECTOR $249Base · Other $249

PATTI MELLARDDIRECTOR $249Base · Other $249

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (19)

BRAD CLOSEVP

MARY BLASINSKYASST SECRETARY

JEFF SMITHTREASURER

TAMMY S BOEHMSPRESIDENT/CFO

DAVID ADDINGTONSECRETARY/PARLIAMENTARIAN

JUANITA D DUGGANDIRECTOR

TOM BRYCEDIRECTOR

BARBARA KNIFF-MCCULLADIRECTOR

STEVE SCHRAMMDIRECTOR

SHERRY WUEBBENDIRECTOR

SAM CHAMBERLAINDIRECTOR

PATTI MELLARDDIRECTOR

NEVIN GROCEDIRECTOR

MARIA DAVIDDIRECTOR

KURT SUMMERSCHAIRMAN

JOSE VILLADIRECTOR

JEFF READYDIRECTOR

GREG POWELLDIRECTOR

DOUGLASS HENRYDIRECTOR

About this charity

Location: 53 CENTURY BOULEVARD Suite 250, NASHVILLE, TN 372143682
County: Davidson
In care of: JEFF SMITH
Primary officer: JEFF SMITH, TREASURER

How to reach them

Phone(615) 872-5800

Filing and classification

Latest tax year: 2018
Tax period began: January 1, 2018
Return type: 990
Tax preparer: KPMG LLP
IRS tax category: Business and Industry
Grant-giving organization: Yes