New Entrepreneurs Opportunity Fund

Organization Overview

New Entrepreneurs Opportunity Fund is located in Ashtabula, OH. The organization was established in 2012. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Entrepreneurs Opportunity Fund 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 12/2022, New Entrepreneurs Opportunity Fund generated $185.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $141.8k during the year ending 12/2022. While expenses have increased by 10.6% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO COMBAT COMMUNITY DETERIORATION AND ENCOURAGE ECONOMIC DEVELOPMENT AND JOB CREATION IN THE ASHTABULA COUNTY AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO MAKE LOANS TO QUALITY INDIVIDUALS WITH A GOOD WORK ETHIC AND A GOOD IDEA BASED ON A SOLID BUSINESS PLAN, BUT WHO LACK ACCESS TO TRADITIONAL SOURCES OF CAPITAL AND TO PROVIDE TRAINING AND EDUCATION PROGRAMS FOR ASPIRING ENTREPRENEURS AND ITS LOAN CLIENTS, AS WELL AS INDIVIDUAL COACHING OPPORTUNITIES.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
George Stouffer
Director
$0
Jim Timonere
Director
$0
Laura Jones
Director
$0
Nathan Rockwell
Director
$0
Shane Styzej
Treasurer
$0
Alice Mccarthy
President
$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$175,500
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$175,500
Total Program Service Revenue$0
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 $185,213

Peer Organizations

Organization NameAssets
Impact Community Action
Columbus, OH
$90,390,120
Reinvestment Fund Inc
Philadelphia, PA
$78,044,764
Lexington Center Corporation
Lexington, KY
$33,922,346
Blueprints
Washington, PA
$34,472,345
Hocking-Athens Perry Community Action
Glouster, OH
$35,218,178
Indianapolis Foundation Inc
Indianapolis, IN
$43,624,964
Capital Area Community Services Inc
Lansing, MI
$27,939,935
Corporation For Ohio Appalachian Development
Athens, OH
$25,665,029
Akron Summit Community Action Agency
Akron, OH
$24,790,386
Jumpstart Inc
Cleveland, OH
$21,511,113
Pennyrile Allied Community Services Inc
Hopkinsville, KY
$20,861,138
Kentucky River Foothills Development Council Inc
Richmond, KY
$19,871,173
Community Action Of Southern Kentucky Incorporated
Bowling Green, KY
$18,716,658
Northern Kentucky Community Action Commisson Inc
Covington, KY
$24,928,020
University Circle Incorporated
Cleveland, OH
$18,118,457
Foundation For Detroits Future
Detroit, MI
$16,700,418
Usw District 10 Local 286 Welfare Trust Fund
Philadelphia, PA
$19,600,161
Neighborhood Development Services Inc
Ravenna, OH
$17,157,604
Mountainheart Community Servces Inc
Oceana, WV
$16,232,143
Community Action Program Commission Of The Lancaster-Fairfield County
Lancaster, OH
$14,412,400
Liberty Lutheran Housing Development Corporation
State College, PA
$14,594,791
West Ohio Community Action Partnership
Lima, OH
$14,184,861
Economic And Community Development Institute Inc
Columbus, OH
$13,823,454
Community Action House
Holland, MI
$11,895,047
Lakeside Association
Lakeside, OH
$14,876,431

Create an account to unlock the data you need.

or