Employee Ownership Foundation Inc

Organization Overview

Employee Ownership Foundation Inc is located in Washington, DC. The organization was established in 1994. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Employee Ownership Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Employee Ownership Foundation Inc generated $967.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $974.2k during the year ending 12/2021. While expenses have increased by 11.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Employee Ownership Foundation Inc has awarded 15 individual grants totaling $1,147,901. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE EMPLOYEE OWNERSHIP FOUNDATION'S (EOF'S) PRIMARY PURPOSE IS TO INCREASE THE NUMBER OF EMPLOYEE OWNED BUSINESSES THROUGH AWARENESS, RESEARCH AND PUBLIC OUTREACH.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE BUSINESS SUCCESSION VIDEO SERIES WAS CREATED TO TO EDUCATE BUSINESS OWNERS ABOUT THE ESOP OPTION, HOPEFULLY CONVERTING MANY OF THESE BUSINESSES TO EMPLOYEE OWNERSHIP. THE VIDEO SERIES HIGHLIGHTS ESOP COMPANIES ACROSS MULTIPLE INDUSTRIES, AS WELL AS WITH THEIR SEASONSED ADVISORS. ABOUT HOW THESE COMPANIES BEGAN THEIR ESOP JOURNEYS, MYTHS AND FACTS ABOUT ESOPS, AND THE BENEFITS THAT EMPLOYEE OWNERSHIP HAS PROVIDED.


THE FOUNDATION SPONSORS A CERTIFICATE PROGRAM, THAT IS CO-SPONSORED WITH THE UNIVERSITY OF PENNSYLVANIA'S SCHOOL OF SOCIAL POLICY AND PRACTICE, FOR CEO'S AND CEO DESIGNEES OF EMPLOYEE OWNED COMPANIES. THE PROGRAM INVOICES 9 DAYS OVER TWO WEEKS OF CLASSROOM WORK LED BY FACULTY OF THE UNIVERSITY OF PENNSYLVANIA, AND WITH SESSIONS LED BY PROMINENT FACULTY MEMBERS OF OTHER MAJOR ACADEMIC UNIVERSITIES LOCATED IN THE EASTERN PART OF THE US.


FULFILLMENT OF PLEDGE TO ESTABLISH INSTITUTE FOR THE STUDY OF EMPLOYEE OWNERSHIP AND PROFIT SHARING.


SPONSOR THE "COST OF CAPITAL" REPORT


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Board, Officers & Key Employees

Name (title)Compensation
Nicole Reppert
Senior Director
$124,713
Kristie Mark
COO
$71,018
James Bonham
President & CEO
$51,341
Cindy Turcot
Chairwoman
$0
Derrick Vick
Secretary/treasurer
$0
Steve Earle
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$610,394
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$610,394
Total Program Service Revenue$215,900
Investment income $42,491
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $98,227
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $967,342

Grants Awarded

Over the last fiscal year, Employee Ownership Foundation Inc has awarded $90,000 in support to 2 organizations.

Grant RecipientAmount

RUTGERS UNIVERSITY

Org PageRecipient Profile

Piscataway, NJ

PURPOSE: ESTABLISH INSTITUTE FOR THE STUDY OF EMPLOYEE OWNERSHIP AND PROFIT SHARING

$50,000

PEPPERDINE UNIVERSITY

Org PageRecipient Profile

Malibu, CA

PURPOSE: SPONSOR THE "COST OF CAPITAL" REPORT

$40,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Employee Ownership Foundation Inc has recieved totaling $42,650.

Awarding OrganizationAmount
Robert E And Patricia A Schmidt Foundation

Hays, KS

PURPOSE: FOUNDERS CHALLENGE (4 OF 5)

$20,000
Carris Foundation Inc

Proctor, VT

PURPOSE: TO SUPPORT THE COLLECTION OF DATA AND ENCOURAGE OBJECTIVE RESEARCH ON EMPLOYEE OWNERSHIP

$11,800
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$5,850
Todhunter Family Foundation

Fullerton, CA

PURPOSE: EDUCATION

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,021,797
Earnings$4,948
Net Contributions-$65,085
Ending Balance$1,961,660

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