Entrepreneurship Education Consortium Inc
- Assets
- $348.8k
- Revenue
- $298.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Hudson, OH
- Founding
- 04/2008
- Data as of
- 12/2023
- EIN
- 51-0625578
Organization Overview
Entrepreneurship Education Consortium Inc is located in Hudson, OH. The organization was established in 2008. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Entrepreneurship Education Consortium 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 12/2023, Entrepreneurship Education Consortium Inc generated $298.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $289.6k during the year ending 12/2023. While expenses have increased by 22.5% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CULTIVATE AN ENTREPRENEURIAL MINDSET, CREATE PRACTICAL EXPERIENCES, AND CONNECT STUDENTS TO OPPORTUNITIES THAT ADVANCE THEM PERSONALLY AND PROFESSIONALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENTREPRENEURSHIP EDUCATION CONSORTIUM (EEC) IS THE CONNECTIVE TISSUE FOR THE REGION'S RICH COLLEGIATE ENTREPRENEURSHIP ASSETS, ATTRACTING STUDENTS TO NORTHEAST OHIO AND KEEPING THEM HERE BY PROVIDING SEAMLESS ACCESS TO THE BEST OPPORTUNITIES TO DEVELOP THEIR ENTREPRENEURIAL MINDSET AND LAUNCH VENTURES. EEC IS A MEMBERSHIP-BASED NETWORK OF THIRTEEN HIGHER EDUCATION INSTITUTIONS IN NORTHEAST OHIO THAT POOL RESOURCES TO PROVIDE INTER-CAMPUS ENTREPRENEURSHIP PROGRAMS TO COLLEGE STUDENTS. EEC HAS BEEN SUCCESSFULLY IMPLEMENTING HANDS-ON EXTRACURRICULAR ENTREPRENEURSHIP PROGRAMS AND EDUCATIONAL SESSIONS FOR MORE THAN A DECADE. CURRENT EDUCATIONAL PROGRAMMING INCLUDES TECH SIDE HUSTLE, TECH INTERNSHIPS, MICRO-CREDENTIAL OPPORTUNITIES, FACULTY PEER-TO-PEER LEARNING, AND THE ANNUAL IDEALABS COMPETITION. THE ORGANIZATION IS PURSUING A STRATEGY INTENDED TO SERVE THE TALENT NEEDS OF BOTH THE STARTUP AND BUSINESS COMMUNITIES BY CREATING A PIPELINE OF GRADUATES STEEPED IN THE ENTREPRENEURIAL MINDSET. EEC IS DEDICATED TO BECOMING A KEY CONTRIBUTOR TO NORTHEAST OHIO'S TALENT PIPELINE, HELPING DIVERSE STUDENTS GAIN TECHNICAL AND WORK EXPERIENCE THAT WILL POSITION THEM TO BECOME INNOVATORS AND ENTREPRENEURIAL THINKERS FOR NEW AND GROWING VENTURES. EEC'S WORK IS MADE POSSIBLE THROUGH THE VISION AND INITIATIVE OF THE EEC TEAM, FINANCIAL SUPPORT FROM THE COMMUNITY, AND THE STRATEGIC PARTNERSHIPS THE ORGANIZATION IS BUILDING ACROSS THE NORTHEAST OHIO REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Hoover CEO | Officer | 20 | $75,544 |
Peter Apicella Director | Trustee | 1 | $0 |
Sam Brenner Director | Trustee | 1 | $0 |
Alysha Ellis Director | Trustee | 1 | $0 |
Colette Hart President | OfficerTrustee | 1 | $0 |
Lori Long Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $13,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $282,510 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $295,510 |
| Total Program Service Revenue | $400 |
| Investment income | $2,626 |
| 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 | $298,536 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,753 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,544 |
| Compensation of current officers, directors, key employees. | $18,886 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $139,605 |
| Fees for services: Legal | $725 |
| Fees for services: Accounting | $15,245 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,417 |
| Advertising and promotion | $3,196 |
| Office expenses | $4,591 |
| Information technology | $7,149 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,077 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,831 |
| All other expenses | $0 |
| Total functional expenses | $289,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,566 |
| Savings and temporary cash investments | $152,567 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,183 |
| 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 | $450 |
| 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 | $348,766 |
| Accounts payable and accrued expenses | $3,673 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $84,615 |
| Total liabilities | $88,288 |
| Net assets without donor restrictions | $0 |
| 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 | $260,478 |
| Total liabilities and net assets/fund balances | $348,766 |