Business Education Fund

Overview

The Business Education Fund is a 501(c)(3) nonprofit organization dedicated to empowering small business owners by supporting its flagship project, the Main Street Alliance. This alliance advocates for authentic small business owners to contribute to defining issues affecting local economies and informing policy solutions. The organization aims to highlight the real needs of small businesses, shifting the narrative about priorities in the main street small business economy among decision-makers, mainstream business groups, and the media[2].

Mission

The Business Education Fund's mission is to ensure that even the smallest and least connected businesses have a voice in shaping policies that affect them. It achieves this by recruiting and supporting small business owners to share their compelling stories, thus advocating for change in local economies[2].

Governance and Financials

The Business Education Fund operates with a high level of transparency and accountability. It has received a four-star rating from Charity Navigator, with a strong program expense ratio of 89.26%, indicating that a significant portion of its funding is directed towards its programs rather than administrative costs[2]. In 2023, the organization received over $1 million in contributions, which are tax-deductible[5]. The executive compensation for the organization was $208,425 as of 2022, with no professional fundraising fees incurred[2][5].

Impact

Through its work, the Business Education Fund has a significant impact on small businesses and local economies. By involving small business owners in policy discussions, it ensures that their needs are considered and addressed. This approach helps shift mainstream narratives about the priorities of the main street economy, influencing both media coverage and policy decisions[2].

[1] https://businesseducationfoundation.org [2] https://givefreely.com/charity-directory/nonprofit/ein-842969730/ [3] https://foster.uw.edu/centers/consulting-and-business-development-center/business-nonprofit-programs/ [4] https://projects.propublica.org/nonprofits/organizations/223096098 [5] https://projects.propublica.org/nonprofits/organizations/842969730