Association of Small Business Development Centers

Nonprofit profile at a glance

EIN
010365191
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
Warrenton, VA, USA
Phone
7039302961
Rating confidence
Limited

Official website

Reported finances

Revenue
$13,705,087
Expenses
$3,466,853
Assets
$13,059,085
Liabilities
$113,979

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • C EDWARD ROWE III (PRESIDENT/CEO)
  • APRIL YOUNGBLUT (VICE PRESIDENT OF COMMUNIC)

Highest reported compensation

  • C EDWARD ROWE III (PRESIDENT/CEO): $286,908 total reported compensation
  • BRETT THIBODEAU (DIRECTOR OF MEMBERSHIP SER): $130,861 total reported compensation
  • APRIL YOUNGBLUT (VICE PRESIDENT OF COMMUNIC): $126,487 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To represent the collective interest of our members by promoting, informing, supporting and continuously improving the small business development centers network, which delivers nationwide educational assistance to strengthen small/medium business management, thereby contributing to the growth of local, state and national economies.

What it reported doing in 2024

Since 1994 the small business act provides that the u.s. Small business administration (sba) contract with the association to provide for an accreditation process for the small business development center program. The sba is required to consider the results of the accreditation process when evaluating the performance of a small business development center (sbdc) for purposes of extending or renewing its cooperative agreement. The association performs an accreditation on each sbdc grantee once every four years. The association provides written reports of the results of each accreditation to the sba for its use. The accreditation process used is based on established guidelines and education and training and is to be provided to the association's members on a regular basis.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 71
  • Accountability: 74
  • Sustainability: 81
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 74.7%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 3.77; rating input score 80; 80th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 93; 93rd percentile among comparable filings
  • Officer compensation ratio: 15.7%; rating input score 7; 7th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 16.7% per year; rating input score 100; 89th percentile among comparable filings
  • Asset growth: 10.6% per year; rating input score 100; 67th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 10 of 10 board members independent · 3 of 8 filing controls reported
  • Programs: 2 filed program accomplishments
  • Leadership: top reported pay $287K · 13 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 10 of 10 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 11 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • High — Sustainability: Officer compensation ratio scored 7/100.