Family Business Network USA Inc.
Family Business Network USA Inc.
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About this organization
Mission
To educate owners of family businesses and to promote success and sustainability
About
To achieve its goal of educating owners and employees of family businesses, FBN and its members provide instruction to individuals by creating and disseminating training materials addressing issues commonly faced by family businesses. Because many issues that arise in the course of running a business present unique challenges to family businesses, the materials and the forum for discussion provided by FBN can be invaluable resources. The majority of FBN's presenters are members who speak at events either at no charge or for travel expenses, although some materials are provided by experts in family businesses and their governance. FBN's programs are open to both members and non-members, although the number of programs a non-member may attend each year is limited. Programs typically run at break-even or a small loss. Membership benefits include:o Invitations to seminars and webinars with peers;o Peer group participation and discussion facilitated by FBN;o Regional gatherings;o Webinar series accessible to members;o Access to the Next Generation network;o Access to Next Generation internships; ando Ability to draw upon the experience of a national network of successful family businesses.
Interesting data from their 2020 990 filing
The filing outlines the non-profit's goal as “Fbn was established to educate owners and employees of family businesses, and thereby promote the success and sustainability of those family businesses and their communities. fbn educates and connects families in business by organizing and participating in seminars and events, by providing training materials on a wide array of topics to its members, and by providing members with a forum to ask questions and trade ideas. fbn carries out its educational activities in collaboration with loyola university in chicago, illinois, kennesaw state university in kennesaw, georgia, and baruch college in new york, new york.fbn is one of 30 chapters of the family business network-international, an international not-for-profit network. each chapter organizes its own programs and events for education, training and the exchange of ideas under the motto "by families for families." the organization is membership based.”.
When explaining its purpose, the activities were outlined as: “To educate owners of family businesses and to promote success and sustainability”.
- As per legal reporting requirements, the state of operation for the non-profit is DE.
- The non-profit's address for 2020 is listed as 3501 N Southport Avenue No 449, Chicago, IL, 60657 in the filing.
- As per the non-profit's form, they have 1 employees as of 2020.
- Is not a private foundation.
- Expenses are between $250,000 and $500,000.
- Revenue is between $250,000 and $500,000.
- Revenue less expenses is -$98,929.
- The organization has 4 independent voting members.
- The organization was formed in 2010.
- The organization pays $129,600 in salary, compensation, and benefits to its employees.
- The organization pays $15,043 in fundraising expenses.
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