Eyol Inc
- Assets
- $476.1k
- Revenue
- $493.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Watertown, MA
- Founding
- 11/2016
- Data as of
- 06/2021
- EIN
- 81-4201446
Organization Overview
Eyol Inc is located in Watertown, MA. The organization was established in 2016. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, Eyol Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eyol 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 06/2021, Eyol Inc generated $493.4k in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO NURTURE THE NEXT GENERATION OF IMPACT-FOCUSED ENTREPRENEURS IN SCIENCE, TECHNOLOGY, AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENTREPRENEUR OF YOUR OWN LIFE, INC. IS DESIGNED TO EMPOWER FUTURE ENTREPRENEURS WHILE HELPING EARLY-STAGE SOCIAL VENTURES GAIN TRACTION AND CREATE SUSTAINABLE IMPACT. EYOL SUPPORTS A VARIETY OF SOCIAL VENTURES IN AND ENTREPRENEURIAL EFFORTS IN HEALTHCARE, TECHNOLOGY, AND EDUCATION, WITH A BROAD AIM TO REALIGN INVESTMENT AND INDUSTRY INCENTIVES WITH SOCIAL AND PUBLIC GOOD. WE PROVIDE MENTORSHIP AND ENTREPRENEURIAL EXPERIENCES TO UNDERSERVED STUDENTS THROUGH OUR SUMMER AND TERM-TIME INTERNSHIP PROGRAMS, AND WE INCUBATE AND PROVIDE FISCAL SPONSORSHIP TO SELECT EARLY-STAGE NON-PROFIT PROGRAMS IN SCIENCE AND MEDICINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Saville President | OfficerTrustee | 40 | $166,667 |
Calvin Nguyen Executive Director | Officer | 40 | $166,667 |
Michael Mccullough Director | OfficerTrustee | 40 | $0 |
Eric Weiss Director | Trustee | 1 | $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 | $452,294 |
| Noncash contributions included in lines 1a–1f | $50,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $452,294 |
| Total Program Service Revenue | $26,000 |
| Investment income | $132 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,932 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $493,358 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $200,199 |
| Compensation of current officers, directors, key employees. | $20,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,480 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,663 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $156,712 |
| Advertising and promotion | $35,131 |
| Office expenses | $19,684 |
| Information technology | $18,992 |
| Royalties | $0 |
| Occupancy | $8,000 |
| Travel | $4,766 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $537 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $491,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $216,120 |
| Savings and temporary cash investments | $260,007 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $476,127 |
| Accounts payable and accrued expenses | $188,017 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $115,459 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $41,667 |
| Total liabilities | $345,143 |
| Net assets without donor restrictions | $130,984 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $476,127 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Eyol Inc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Braverhood Ltd Brooklyn, NY | $56,044,966 | $113,467,057 |
Coordinated Behavioral Care Inc New York, NY | $25,699,878 | $79,934,258 |
Success Academy Charter Schools Inc New York, NY | $162,966,057 | $99,368,525 |
Baker Hall Lackawanna, NY | $43,415,308 | $53,649,609 |
Tiegerman School Glen Cove, NY | $36,938,898 | $36,850,171 |
Proteus Fund Inc Amherst, MA | $47,115,132 | $46,264,432 |
Teach For All Inc New York, NY | $63,275,692 | $50,938,774 |
Lsny Bronx Corporation New York, NY | $9,256,880 | $24,578,698 |
Boston Plastic & Oral Surgery Foundation Inc Boston, MA | $28,248,674 | $23,739,730 |
El Education Inc New York, NY | $28,362,379 | $30,858,452 |
John A Coleman School Yonkers, NY | $5,649,439 | $19,245,814 |
Halo Network Inc Amityville, NY | $5,984,377 | $20,823,404 |