National Federation of Independent Business Inc
501(c)(6)
Only null% goes to programs
National Federation of Independent Business Inc is a 501(c)(6) organization based in Nashville, Tennessee, registered in 1953, with $115,848,430 in FY2024 revenue. CharityIndex grades it B+.
53 Century Blvd Ste 300, Nashville, TN, 37214 EIN 94-0707299 Since 1953
Revenue (FY2024)
$115.8M
▲ 2.2% vs prior year
Expenses (FY2024)
$134.2M
Net assets
$42.2M
Employees
871
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for National Federation of Independent Business Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating4 mo reserves · -16% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For National Federation of Independent Business Inc: 4 mo reserves · -16% margin earns a C+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For National Federation of Independent Business Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
BTransparency10% of the rating3 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For National Federation of Independent Business Inc: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
National federation of independent business' mission is to promote and protect (see sch o)
Contact & location
Financial trends
Revenue grew from $100.4M (FY2013) to $115.8M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $57.9MNet assets $42.2M
Operating margin
-15.8%
Spent more than it raised in the latest fiscal year.
Total assets
$100.1M
Total liabilities
$57.9M
Net assets
$42.2M
Salaries & benefits
$104.8M
78% of expenses
Board members
10
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $115,848,430▲2.2% | $134,201,829▲8.6% | $42,209,583▲7.4% | $100,077,719▼5.5% | 990 |
| 2023 | $113,302,030▲7.0% | $123,555,281▲29.7% | $39,285,319▲36.7% | $105,926,451▲12.8% | 990 |
| 2022 | $105,848,770▼3.0% | $95,257,739▲4.4% | $28,742,738▲41.4% | $93,908,878▲21.6% | 990 |
| 2021 | $109,079,617▲17.5% | $91,270,473▲10.1% | $20,322,866▲333% | $77,203,691▲31.4% | 990 |
| 2020 | $92,806,439▼4.5% | $82,902,246▼14.2% | -$8,729,500▲46.2% | $58,748,789▲23.1% | 990 |
| 2019 | $97,191,251▼2.9% | $96,579,388▲1.2% | -$16,212,346▲15.1% | $47,721,464▲0.7% | 990 |
| 2018 | $100,107,175▲9.9% | $95,406,073▲7.1% | -$19,098,623 | $47,388,825▼7.1% | 990 |
| 2017 | $91,127,701▼8.5% | $89,045,963▼9.5% | -$19,106,256▲29.4% | $50,994,818▲5.9% | 990 |
| 2016 | $99,630,287▼0.4% | $98,395,631▲4.1% | -$27,047,415▲8.4% | $48,136,786▼1.4% | 990 |
| 2015 | $100,079,100▼4.4% | $94,553,642▲0.7% | -$29,522,892▼21.4% | $48,815,904▼3.4% | 990 |
| 2014 | $104,676,873▲4.2% | $93,927,583▼1.4% | -$24,317,805▼11.6% | $50,554,208▲8.4% | 990 |
| 2013 | $100,426,252 | $95,277,095▼5.1% | -$21,792,556▲54.4% | $46,639,114▲8.0% | 990 |
| 2012 | — | $100,347,591▲10.8% | -$47,774,931▲5.6% | $43,169,009▲9.3% | 990 |
| 2011 | — | $90,549,359▲4.2% | -$50,606,110▼75.2% | $39,488,068▲3.1% | 990 |
| 2010 | — | $86,928,231 | -$28,881,582 | $38,313,643 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Brad Close — $1,213,444 (0.90% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Brad Close | President | 37 | $1,213,444 |
| David Addington | Evp/secretary/parliamentarian | 33 | $732,837 |
| John Casella | Svp | 40 | $577,688 |
| Adam Temple | Svp | 40 | $509,361 |
| Jeff Smith | Svp/cfo | 37 | $506,041 |
| Mindy Kubrin | Field Sales Rep | 40 | $451,712 |
| Robert Johnson | Field Sales Rep | 40 | $386,051 |
| Chris Pitts | Svp/asst Secretary | 37 | $381,478 |
| Janet Connor | Vp | 40 | $377,581 |
| Tim Franke | Vp | 40 | $359,249 |
| Kipp Maloney | Vp | 39 | $333,035 |
| Lyle Payne | Field Sales Rep | 40 | $329,452 |
| Tim Goodrich | Vp | 40 | $329,412 |
| Allan Sunberg | Field Sales Director | 40 | $316,703 |
| Gina Bruce | Telephone Sales Director | 40 | $296,772 |
| Dawn Simpson | Vp/treasurer | 37 | $282,418 |
| Brianna Erickson | Vp | 40 | $248,767 |
| Jeff Brabant | Vp | 40 | $239,738 |
| Nevin Groce | Chairman | 1 | $42,000 |
| Steve Schramm | Director | 1 | $30,143 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Harvest Construction Company LLC | Construction | $2,211,758 |
| Seven Letter | Media Consulting & Adv | $2,082,157 |
| Pitney Bowes Presort Services Inc | Presort Services | $973,195 |
| Lida Ny LLP LLC | Website Services | $959,414 |
| National Capital Teleservices LLC | Telemarketing | $555,938 |
Grants received · $15K total
2 grants to National Federation of Independent Business Inc totaling $15K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Delta Dental of Tennessee | Event sponsorship and donation to the general fund | 2024 | $7,500 |
| Delta Dental of Tennessee | Event sponsorship | 2018 | $7,500 |
Grants made · $583K in FY2024
6 grants totaling $583K in FY2024. All grants made by National Federation of Independent Business Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Nfib the Voice of Free Enterprise Inc | General support | $516,712 |
| Ohio Works | General support | $25,000 |
| Republican State Leadership Committee | General support | $15,000 |
| Republican Governors Association | General support | $10,000 |
| Californians Against Job Losses & Higher Prices | General support | $10,000 |
| Junior Achievement of Middle Tennessee | General support | $6,500 |
Frequently asked questions
- Is National Federation of Independent Business Inc a legitimate nonprofit?
- Yes. National Federation of Independent Business Inc is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 94-0707299, based in Nashville, Tennessee.
- What is National Federation of Independent Business Inc's EIN?
- National Federation of Independent Business Inc's Employer Identification Number (EIN) is 94-0707299.
- How much revenue does National Federation of Independent Business Inc report?
- National Federation of Independent Business Inc reported $115,848,430 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does National Federation of Independent Business Inc have?
- CharityIndex grades National Federation of Independent Business Inc B+, based on financial health (reserves and operating margin).
- How much does National Federation of Independent Business Inc's highest-paid employee make?
- The highest reported compensation on National Federation of Independent Business Inc's latest Form 990 is $1,213,444, paid to Brad Close (President).
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Data for National Federation of Independent Business Inc (EIN 94-0707299) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.