Employee Ownership Expansion Network
- Assets
- $448.1k
- Revenue
- $509.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Arlington, VA
- Founding
- 07/2019
- Data as of
- 06/2022
- EIN
- 83-2849677
Organization Overview
Employee Ownership Expansion Network is located in Arlington, VA. The organization was established in 2019. According to its NTEE Classification (J11) the organization is classified as: Single Organization Support, under the broad grouping of Employment and related organizations. As of 06/2022, Employee Ownership Expansion Network employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Employee Ownership Expansion Network 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 06/2022, Employee Ownership Expansion Network generated $509.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $923.7k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Employee Ownership Expansion Network has awarded 21 individual grants totaling $553,625. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE THE NUMBER OF EMPLOYEE-OWNED ENTERPRISES ACROSS THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EOX IS SEEKING TO EXPAND EMPLOYEE OWNERSHIP THROUGHOUT THE UNITED STATES WHICH IS ACCOMPLISHED MAINLY BY ASSISTING EMPLOYEE OWNERSHIP AMBASSADORS/VOLUNTEERS IN OPENING INDIVIDUAL 501(C)(3) NON-PROFIT STATE EMPLOYEE OWNERSHIP CENTERS. TO DO SO, EOX WILL RAISE MONEY, SOME OF WHICH WILL BE PROVIDED VIA GRANTS TO THE NON-PROFIT STATE CENTERS TO HELP PROVIDE FOR START-UP AND ONGOING COSTS ASSOCIATED WITH RUNNING THE CENTERS. EOX WILL ALSO PROVIDE SERVICES TO EACH STATE CENTER ON THE BEST PRACTICES IN RUNNING A STATE CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Storkan Executive Director & Secre | OfficerTrustee | 40 | $135,800 |
Cecil Ursprung Chairman Of The Board & Tr | OfficerTrustee | 1 | $0 |
Ken Baker Board Member | Trustee | 1 | $0 |
James Steiker Board Member | Trustee | 1 | $0 |
Neil Brozen Board Member | Trustee | 1 | $0 |
Tracy Till Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,962 |
| All other contributions, gifts, grants, and similar amounts not included above | $426,383 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $453,345 |
| Total Program Service Revenue | $55,787 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $509,132 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $347,006 |
| 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. | $164,037 |
| Compensation of current officers, directors, key employees. | $13,123 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $166,699 |
| Pension plan accruals and contributions | $11,533 |
| Other employee benefits | $13,895 |
| Payroll taxes | $22,314 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,750 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $9,450 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,875 |
| Advertising and promotion | $87,245 |
| Office expenses | $16,605 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $56,773 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,085 |
| Interest | $5,551 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,702 |
| All other expenses | $1,659 |
| Total functional expenses | $923,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $283,051 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $141,000 |
| Accounts receivable, net | $23,700 |
| Loans from Officers, Directors, or Controlling Persons | $389 |
| 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 | $448,140 |
| Accounts payable and accrued expenses | $46,490 |
| Grants payable | $7,890 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $315,500 |
| Other liabilities | $0 |
| Total liabilities | $369,880 |
| Net assets without donor restrictions | -$85,657 |
| Net assets with donor restrictions | $163,917 |
| 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 | $448,140 |
Grants Awarded
Over the last fiscal year, Employee Ownership Expansion Network has awarded $341,701 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGIA CENTER FOR EMPLOYEE OWNERSHIP PURPOSE: INITIAL GRANT FOR STARTUP COSTS. | $39,959 |
TENNESSEE CENTER FOR EMPLOYEE OWNERSHIP PURPOSE: INITIAL GRANT FOR STARTUP COSTS. | $7,923 |
TEXAS CENTER FOR EMPLOYEE OWNERSHIP PURPOSE: INITIAL GRANT FOR STARTUP COSTS. | $5,075 |
MINNESOTA CENTER FOR EMPLOYEE OWNERSHIP PURPOSE: INITIAL GRANT FOR STARTUP COSTS. | $13,059 |
MISSOURI CENTER FOR EMPLOYEE OWNERSHIP PURPOSE: INITIAL GRANT FOR STARTUP COSTS. | $220,516 |
NORTH CAROLINA CENTER FOR EMPLOYEE OWNERSHIP PURPOSE: INITIAL GRANT FOR STARTUP COSTS. | $37,291 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Plastering Industrys Joint Apprenticeship Trust Fund Columbia, MD | $6,407,262 | $10,355,085 |
Nea Properties Inc Washington, DC | $16,092,674 | $1,946,300 |
The Nacs Foundation Alexandria, VA | $519,274 | $1,105,518 |
Employee Ownership Expansion Network Arlington, VA | $448,140 | $509,132 |
Goodwill Ky Support Corporation Louisville, KY | $44,554,916 | $379,921 |
Allied Wisdom Foundation Mocksville, NC | $16,540,168 | $469,550 |
Valvoline Instant Oil Change Hands On Assistance Fund Inc Lexington, KY | $136,648 | $0 |
Operating Engineers Nationalcharity Fund Washington, DC | $530,050 | $510,424 |
Christopher A Pugh Ii Center Cordova, TN | $0 | $42,822 |
Good Planet Inc Halethorpe, MD | $8,190 | $0 |
Vector Industries Foundation Waynesboro, VA | $3,866,858 | $67,204 |