Overview

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Est.

1949

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

990s

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2024
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2023
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2022
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AI Summary

The National Federation of Independent Business Inc (EIN: 94-0707299) is dedicated to promoting and protecting the interests of independent businesses across the United States. With an operating budget of $133.6 million and total revenue of $115.8 million for the 2024 filing year, the organization relies on multiple funding sources, none of which contribute more than 50% of its revenue. More information can be found on their website at www.nfib.com.

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Mission Statement

NATIONAL FEDERATION OF INDEPENDENT BUSINESS' MISSION IS TO PROMOTE AND PROTECT (SEE SCH O)

Cause Areas

1
Business promotion
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Financials

2024
Revenues
$115.8M
Expenses
$134.2M
Net Income:
-$18.4M
Assets
$100.1M
Liabilities
$57.9M
Net Assets:
+$42.2M

Financial Trends

2024
Operating Budget
$133.6M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Top Funders

Funder
Total Funding
Funding Share
AMERICAN FUEL AND PETROCHEMICAL MANUFACTURERS
Washington, DC, US
$1M
34%
The Civil Justice Reform Group
Palmyra, VA, US
$5.4M
< 1%
DELTA DENTAL OF TENNESSEE INC
Nashville, TN, US
$6M
< 1%

Grants Received

2024
Total No. of Grants
1
Median grant size
$7.5K
Largest grant received
$7.5K

Board & Team

B
Brad Close
Board Member
N
Nevin Groce
Board Member
S
Steve Schramm
Board Member

Frequently Asked Questions

What is NATIONAL FEDERATION OF INDEPENDENT BUSINESS INC’s budget?
In 2024, NATIONAL FEDERATION OF INDEPENDENT BUSINESS INC reported an annual operating budget of around $133.6 million. More detailed financial information is available to registered users.
What causes does NATIONAL FEDERATION OF INDEPENDENT BUSINESS INC support?
NATIONAL FEDERATION OF INDEPENDENT BUSINESS INC supports work in Business promotion.
Where does NATIONAL FEDERATION OF INDEPENDENT BUSINESS INC operate?
NATIONAL FEDERATION OF INDEPENDENT BUSINESS INC is headquartered in Nashville, TN.
Who funded NATIONAL FEDERATION OF INDEPENDENT BUSINESS INC recently?
In 2024, NATIONAL FEDERATION OF INDEPENDENT BUSINESS INC received grants from DELTA DENTAL OF TENNESSEE INC, The Chase Foundation of Virginia, and AMERICAN FARM BUREAU FEDERATION. More information on this organization’s funders is available to registered users.
What is the largest grant NATIONAL FEDERATION OF INDEPENDENT BUSINESS INC received in 2024?
The largest grant to NATIONAL FEDERATION OF INDEPENDENT BUSINESS INC in 2024 exceeds $7,500.