National Federation of Independent Business (NFIB) Company Profile

Background

The National Federation of Independent Business (NFIB) is a nonprofit, nonpartisan organization founded in 1943 by C. Wilson Harder. Headquartered in Nashville, Tennessee, with offices in Washington, D.C., and all 50 state capitals, NFIB's mission is to promote and protect the rights of its members to own, operate, and grow their businesses. The organization serves as a leading advocate for small and independent business owners across the United States, addressing critical issues such as taxation, healthcare, and regulatory policies.

Key Strategic Focus

NFIB's strategic focus centers on:

Advocacy: Representing small business interests in legislative and regulatory arenas at both federal and state levels.

Influence: Mobilizing its extensive membership base to impact public policy decisions.

Support: Providing members with resources, including HR and legal guidance, to navigate operational challenges.

Financials and Funding

As a 501(c)(6) business league, NFIB generates revenue primarily through membership dues and program services. In the fiscal year ending December 2023, NFIB reported:

Total Revenue: $113,302,030

Total Expenses: $123,555,281

Net Assets: $39,285,319

Additionally, NFIB operates a political action committee (PAC), the NFIB Federal Political Action Committee, which raised $998,969 and spent $971,137 during the 2023-2024 election cycle.

Leadership Team

Brad Close: President

Oversees NFIB's strategic direction and operations.

David Addington: Executive Vice President and General Counsel

Manages legal affairs and policy initiatives.

John Casella: Senior Vice President of Sales

Leads membership development activities.

Chris Pitts: Senior Vice President and Chief of Staff

Oversees administrative functions and internal operations.

Jeff Smith: Senior Vice President and Chief Financial Officer

Manages financial strategy and operations.

Adam Temple: Senior Vice President of Advocacy

Directs advocacy efforts at federal and state levels.

Competitor Profile

Market Insights and Dynamics

The small business advocacy sector in the United States is characterized by organizations that represent various facets of the business community, from local independent businesses to large corporations. These organizations influence public policy, provide resources to their members, and advocate for favorable business conditions.

Competitor Analysis

American Independent Business Alliance (AMIBA): Focuses on supporting local independent businesses through "buy local" campaigns and community-based initiatives.

National Cooperative Business Association (NCBA): Represents cooperative businesses across various sectors, promoting cooperative principles and practices.

National Retail Federation (NRF): Represents retailers of all sizes and sectors, advocating on issues like trade, labor, and consumer privacy.

United States Chamber of Commerce: The largest business-oriented lobbying group in the U.S., representing companies of all sizes and sectors, with a focus on pro-business policies.

Strategic Collaborations and Partnerships

NFIB collaborates with various stakeholders to strengthen its advocacy efforts and provide comprehensive support to its members. These collaborations include partnerships with other business associations, participation in coalitions addressing specific policy issues, and alliances with organizations that offer member benefits and services.

Operational Insights

NFIB differentiates itself through its "One Member, One Vote" policy, ensuring that each member has an equal say in determining the organization's policy positions. This democratic approach enhances member engagement and aligns NFIB's advocacy efforts closely with the interests of its diverse membership base.