FEUSA Inc
EIN: 26-1640637
Mission
FEUSA is the organization that represents all family businesses on a national level in DC; it is not unique to any industry. FEUSA is different from other organizations because it represents and advocates for the families of family businesses and the issues, they face running their businesses every day. Our sole mission and purpose is to promote family businesses and their job growth in America. We also support the work of Family Business Centers across the country. We hope your family will choose to be a member of FEUSA.
Ruling year
2008
President
Pat Soldano
Main address
712 H Street NE Suite 1330
Washington, DC 20002 USA
EIN
26-1640637
Family services
Population served
Adults
Families
Ethnic and racial groups
NTEE code
Family Services (P40)
IRS subsection
501(c)(3) Public Charity
IRS filing requirement
This organization is required to file an IRS Form 990 or 990-EZ.
Tax forms
Communication
Programs and results
What we aim to solve
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Advocating For Family Businesses
Family Enterprise USA understands family firms and is working to share your story and be your voice in Washington D.C. Family foundations can donate. FEUSA is respected and relied upon to be the voice for family business in Washington DC. FEUSA members meet with legislators in Washington D.C., to present information on the organization’s latest work and current research. FEUSA members educate legislators on the current economic environment that businesses face around the country.
Where we work
External reviews
Photos
Videos
Our results
How does this organization measure their results? It's a hard question but an important one.
Number of website pageviews
This metric is no longer tracked.Totals By Year
Population(s) Served
Adults, Families
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Number of website sessions
This metric is no longer tracked.Totals By Year
Population(s) Served
Adults, Families
Related Program
Advocating For Family Businesses
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Number of unique website visitors
This metric is no longer tracked.Totals By Year
Population(s) Served
Adults, Families
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Number of new website visitors
This metric is no longer tracked.Totals By Year
Population(s) Served
Adults, Families
Related Program
Advocating For Family Businesses
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Number of websites and organizations (outside of our organization) that share our resources and information
This metric is no longer tracked.Totals By Year
Population(s) Served
Families, Adults
Related Program
Advocating For Family Businesses
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Context Notes
The figure for 2020 is 1,560,000. For some reason this interface did not allow for that to be input. We did not track this metric in 2019 and 2018
Number of return website visitors
This metric is no longer tracked.Totals By Year
Population(s) Served
Adults, Families
Related Program
Advocating For Family Businesses
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
To promote family businesses and their job growth in America.
Conduct non-partisan research that highlights the contributions of family enterprise to the
American economy and the challenges these businesses face.
Educate legislators, policymakers, and the public on the important role of family businesses in the economy and local communities.
Present non-partisan intelligence, research, and information on the economic impact family businesses have on the US economy and job growth.
Represent all American family business; not just specific industries and provide research to enhance the opportunity for success.
Support the work of Family Business Centers across the country.
What are the organization's key strategies for making this happen?
Conduct Annual Family Business Survey to determine the challenges and concerns of family businesses and present to members of Congress, academics, media legislators, business owners, trade associations and others.
Distribute survey information collected and research on family businesses to family business and family office groups as well as trade associations so they may advocate for the issues and concerns of family businesses.
Develop and keep current, a well-designed website that provides family business news, issues, and announcements as well as various resources, company information, and an uncomplicated user interface experience.
Maintain a dominant social media presence on Facebook, Linkedin, Twitter, Instagram, and YouTube.
Publish posts, articles, and online messaging to advocate for family businesses, communicating our target messages including reducing over-regulation, reducing or repealing the estate tax, simplifying tax code, reducing income tax, reducing capital gains tax, reducing the federal deficit, and federal trade policies.
Conduct webinars and meetings to keep FEUSA members and others updated and informed on the latest family business market trends and legislation.
Administer research to provide insights on family businesses in the US to provide decision-makers, regulators, and legislators with data, scientific arguments, and justifications to craft policy and take measures to help family businesses continue to grow and add jobs.
What are the organization's capabilities for doing this?
What have they accomplished so far and what's next?
How we listen
Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.
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Who are the people you serve with your mission?
Family businesses in the US
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How is your organization using feedback from the people you serve?
To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals
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What significant change resulted from feedback?
Changed our method of communication as a result of input from people we serve.
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Which of the following feedback practices does your organization routinely carry out?
We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We tell the people who gave us feedback how we acted on their feedback, We ask the people who gave us feedback how well they think we responded
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What challenges does the organization face when collecting feedback?
It is difficult to get the people we serve to respond to requests for feedback
Financials
Revenue vs. expenses: breakdown
Liquidity in 2021 info
76.36
Months of cash in 2021 info
9.1
Fringe rate in 2021 info
0%
Funding sources info
Assets & liabilities info
FEUSA Inc
Revenue & expensesFiscal Year: Jan 01 - Dec 31
SOURCE: IRS Form 990
FEUSA Inc
Balance sheetFiscal Year: Jan 01 - Dec 31
SOURCE: IRS Form 990
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Fiscal Year: Jan 01 - Dec 31
SOURCE: IRS Form 990
This snapshot of FEUSA Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
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Business model indicators
| Profitability info | 2011 | 2012 | 2013 | 2020 | 2021 |
|---|---|---|---|---|---|
| Unrestricted surplus (deficit) before depreciation | $374,609 | -$203,591 | -$137,195 | $44,486 | $55,521 |
| As % of expenses | 70.4% | -37.1% | -26.3% | 24.9% | 22.2% |
| Unrestricted surplus (deficit) after depreciation | $363,598 | -$214,163 | -$145,400 | $44,486 | $55,521 |
| As % of expenses | 66.9% | -38.3% | -27.4% | 24.9% | 22.2% |
| Revenue composition info | |||||
|---|---|---|---|---|---|
| Total revenue (unrestricted & restricted) | $173,780 | $162,011 | $230,883 | $223,123 | $305,343 |
| Total revenue, % change over prior year | 0.0% | -6.8% | 42.5% | 0.0% | 36.8% |
| Program services revenue | 0.0% | 7.4% | 6.6% | 0.0% | 24.6% |
| Membership dues | 9.0% | 15.8% | 0.0% | 0.0% | 0.0% |
| Investment income | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Government grants | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| All other grants and contributions | 91.0% | 76.8% | 93.4% | 100.0% | 75.4% |
| Other revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Expense composition info | |||||
|---|---|---|---|---|---|
| Total expenses before depreciation | $532,253 | $548,558 | $521,978 | $178,637 | $249,822 |
| Total expenses, % change over prior year | 0.0% | 3.1% | -4.8% | 0.0% | 39.8% |
| Personnel | 0.0% | 0.0% | 0.0% | 34.5% | 21.4% |
| Professional fees | 81.2% | 83.8% | 65.2% | 54.1% | 54.4% |
| Occupancy | 2.1% | 1.9% | 3.1% | 0.0% | 0.0% |
| Interest | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Pass-through | 1.9% | 0.0% | 0.0% | 0.0% | 0.2% |
| All other expenses | 14.8% | 14.3% | 31.7% | 11.4% | 23.9% |
| Full cost components (estimated) info | 2011 | 2012 | 2013 | 2020 | 2021 |
|---|---|---|---|---|---|
| Total expenses (after depreciation) | $543,264 | $559,130 | $530,183 | $178,637 | $249,822 |
| One month of savings | $44,354 | $45,713 | $43,498 | $14,886 | $20,819 |
| Debt principal payment | $0 | $0 | $0 | $0 | $0 |
| Fixed asset additions | $0 | $0 | $0 | $0 | $0 |
| Total full costs (estimated) | $587,618 | $604,843 | $573,681 | $193,523 | $270,641 |
Capital structure indicators
| Liquidity info | 2011 | 2012 | 2013 | 2020 | 2021 |
|---|---|---|---|---|---|
| Months of cash | 0.0 | 0.0 | 0.0 | 10.2 | 9.1 |
| Months of cash and investments | 0.0 | 0.0 | 0.0 | 10.2 | 9.1 |
| Months of estimated liquid unrestricted net assets | 10.1 | 5.3 | 2.4 | 8.9 | 9.0 |
| Balance sheet composition info | 2011 | 2012 | 2013 | 2020 | 2021 |
|---|---|---|---|---|---|
| Cash | $0 | $0 | $0 | $152,360 | $189,980 |
| Investments | $0 | $0 | $0 | $0 | $0 |
| Receivables | $491,796 | $309,271 | $154,940 | $12,598 | $0 |
| Gross land, buildings, equipment (LBE) | $40,550 | $40,550 | $40,550 | $0 | $0 |
| Accumulated depreciation (as a % of LBE) | 45.7% | 67.1% | 84.5% | 0.0% | 0.0% |
| Liabilities (as a % of assets) | 1.3% | 0.1% | 3.6% | 20.0% | 1.3% |
| Unrestricted net assets | $471,639 | $257,476 | $112,076 | $131,971 | $187,492 |
| Temporarily restricted net assets | $491,796 | $308,840 | $154,940 | N/A | N/A |
| Permanently restricted net assets | $0 | $0 | $0 | N/A | N/A |
| Total restricted net assets | $491,796 | $308,840 | $154,940 | $0 | $0 |
| Total net assets | $963,435 | $566,316 | $267,016 | $131,971 | $187,492 |
Key data checks
| Key data checks info | 2011 | 2012 | 2013 | 2020 | 2021 |
|---|---|---|---|---|---|
| Material data errors | No | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
President
Pat Soldano
Patricia M. Soldano has spent over 30 years providing family office services. She developed Cymric Family Office Services into a multi-family office in 1996, and sold to GenSpring Family Offices in January 2009, where she was Managing Director of Western Region for GenSpring for 5 years and then a Family Office Consultant to GenSpring until December of 2017. Ms. Soldano is now a Family Business and Family Office Consultant working directly with families herself.
Number of employees
Source: IRS Form 990
FEUSA Inc
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
FEUSA Inc
Board of directorsas of 04/17/2023
Board of directors data
Alysha Loumakis-Calderon
Family Enterprise USA
Lex Saturno
McKee Foods
David Plimpton
INOLEX
Alysha Loumakis-Calderon
ISYS Solutions, Inc
David Brown
Wyo-Ben, Inc
Charles Fox IV
David Henderson
Cilker Henderson Properties
Casey Roscoe
Steven Wells
American Food & Vending Corp
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Not applicable -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes -
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? No
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
No data
Gender identity
Sexual orientation
Disability
Contractors
Fiscal year endingProfessional fundraisers
Fiscal year endingSOURCE: IRS Form 990 Schedule G
Solicitation activities
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- Contractor and/or Paid Preparer data for 2021, 2020, 2013
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