Employee Ownership Foundation Inc
- Assets
- $1.9m
- Revenue
- $967.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 08/1994
- Data as of
- 12/2021
- EIN
- 52-1739193
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.
Form
990
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Reppert Senior Director | 20 | $124,713 | |
Kristie Mark COO | Officer | 10 | $71,018 |
James Bonham President & CEO | Officer | 5 | $51,341 |
Cindy Turcot Chairwoman | OfficerTrustee | 1 | $0 |
Derrick Vick Secretary/treasurer | OfficerTrustee | 1 | $0 |
Ali Jamshidi Member | 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 | $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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $90,000 |
| Grants and other assistance to domestic individuals. | $9,806 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,534 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,387 |
| Fees for services: Other | $502,416 |
| Advertising and promotion | $1,450 |
| Office expenses | $41,531 |
| Information technology | $1,819 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $30,299 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $254,007 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,237 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $974,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,292 |
| Savings and temporary cash investments | $71,883 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,500 |
| 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 | $55,946 |
| Net Land, buildings, and equipment | $19,579 |
| Investments—publicly traded securities | $1,661,234 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,905,434 |
| Accounts payable and accrued expenses | $151,109 |
| 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 | $0 |
| Total liabilities | $151,109 |
| Net assets without donor restrictions | $1,753,325 |
| Net assets with donor restrictions | $1,000 |
| 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 | $1,905,434 |
Grants Awarded
Over the last fiscal year, Employee Ownership Foundation Inc has awarded $90,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Piscataway, NJ PURPOSE: ESTABLISH INSTITUTE FOR THE STUDY OF EMPLOYEE OWNERSHIP AND PROFIT SHARING | $50,000 |
Malibu, CA PURPOSE: SPONSOR THE "COST OF CAPITAL" REPORT | $40,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Employee Ownership Foundation Inc has recieved totaling $42,650.
| Awarding Organization | Amount |
|---|---|
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 |
Endowment Analysis
| Beg. Balance | $2,021,797 |
| Earnings | $4,948 |
| Net Contributions | -$65,085 |
| Ending Balance | $1,961,660 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The United Way Of Central Maryland Inc Baltimore, MD | $67,768,699 | $88,763,556 |
Associated Jewish Community Federation Of Baltimore Inc Baltimore, MD | $42,735,304 | $45,612,361 |
Associated Jewish Charities Of Baltimore Baltimore, MD | $398,678,795 | $51,667,875 |
Americas Charities Chantilly, VA | $19,664,098 | $37,274,660 |
The Jewish Federation Of Greater Washington Inc North Bethesda, MD | $260,201,202 | $41,780,933 |
United Way Of South Hampton Roads Norfolk, VA | $66,003,873 | $28,678,324 |
United Way Of The National Capital Area Vienna, VA | $52,010,356 | $25,572,571 |
United Way Of Greater Richmond Richmond, VA | $16,886,120 | $22,666,995 |
Chc Creating Healthier Communities Alexandria, VA | $23,119,840 | $20,885,598 |
Association For Enterprise Opportun Ity Inc Washington, DC | $11,965,213 | $13,346,284 |
Safa Trust Inc Herndon, VA | $343,266,740 | $16,390,451 |
Associated Black Charities Inc Baltimore, MD | $5,817,793 | $15,343,076 |