American Sustainable Business Institute Inc

What it reported doing in 2024

Organizations MembershipASBN has grown to represent an even greater diversity of business organizations, which cover the gamut of local and state chambers of commerce, microenterprise, social enterprise, green and sustainable business groups, main street, women business leaders, economic development and organizations. The diversity of sectors and geographies has also increased tremendously.Building New Business OrganizationsBesides working to strengthen existing member organizations ASBN has endeavored to build new organizations where none existed including Ohio and Iowa. We also have worked to build statewide associations bringing together business organizations to build a greater power in their state including North Carolina, New York and Kentucky.OSHAASBN has submitted business nominations to the U.S. Department of Labor for the National Advisory Committee on Occupational Safety and Health (NACOSH). ASBN has submitted ten business leaders to participate in the OSHA small business review panel to review the injury and illness prevention program.Department of EnergyCoordinated with our business supporters, ASBN coordinated a series of meetings with U.S. Department of Energy, Environmental Protection Agency, and others from the White House on the potential for advancing biobased and renewable chemicals.Communications and MediaASBN continues to garner increasing press coverage. We have now reached the credibility level where we are regularly contacted by media outlets like the Washington Post, Politico, and The Hill for access to our business leaders. Some of the selected highlights include: Workplace IssuesASBN continued to build its business support for good/sustainable workplaces. ASBN has also provided identification, outreach, education, and engagement of business leaders across sectors and across the country on earned/paid sick days and minimum wage. ASBN has begun exploratory work to understand the latest tools and systems being created by cutting edge businesses to create more democratic, healthy and safe work environments.Safer Chemicals and Sustainable Materials: Our efforts focused on making the jobs, business, and general economic case to support environmental health issues from regulations of hazardous chemicals to driving toward green chemistry and sustainable materials.Regulations: We have mounted a strong educational effort in support of good regulations. Our work focuses on making the case for why environmental regulations, particularly clean air and water rules, make good business sense to small and midsized companies.Keystone Pipeline: ASBN has educated small and midsized companies about the economic case of construction of the transborder pipeline linking business voiced environmental health, environmental, and economic arguments.

Financial Efficiency

• Mission deployment rate: 87.2%; rating input score 87
• Program expense ratio: 73.5%; rating input score 74
• Fundraising efficiency: $101.64 raised per $1 spent on fundraising; rating input score 87; 87th percentile among comparable filings

Transparency & Controls

• Consistency checks: 94.1%; rating input score 94; 23rd percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: 84.6%; rating input score 85; 23rd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 8 of 8 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -18.6%; rating input score 7; 7th percentile among comparable filings
• Total-asset coverage ratio: 0.33; rating input score 10; 10th percentile among comparable filings
• Liabilities to assets ratio: 0.75; rating input score 12; 12th percentile among comparable filings
• Officer compensation ratio: 3.9%; rating input score 62; 62nd percentile among comparable filings

Growth

• Program expense growth: 13.3% per year; rating input score 100; 74th percentile among comparable filings
• Revenue growth: 9.6% per year; rating input score 100; 67th percentile among comparable filings
• Asset growth: 18.1% per year; rating input score 100; 81st percentile among comparable filings