Young Entrepreneurs Organization
- Assets
- $1.1m
- Revenue
- $976.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 04/1992
- Data as of
- 06/2021
- EIN
- 62-1806668
Organization Overview
Young Entrepreneurs Organization is located in Nashville, TN. The organization was established in 1992. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Young Entrepreneurs Organization 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, Young Entrepreneurs Organization generated $976.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $968.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENTREPRENEURS ORGANIZATION IS A GLOBAL NETWORK OF BUSINESS OWNERS. IT IS THE CATALYST THAT ENABLES ENTREPRENEURS TO LEARN AND GROW FROM EACH OTHER, LEADING TO GREATER BUSINESS AND PERSONAL FULFILLMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE ENTREPRENEURS ORGANIZATION PROGRAMMING IS TO PROVIDE EDUCATIONAL PROGRAMS, OPPORTUNITIES, RESOURCES AND TRAINING TO ITS MEMBERS, AND TO ENGAGE LEADING ENTREPRENEURS TO LEARN AND GROW. THIS IS DONE THROUGH SHARING MUTUAL INTERESTS OF IMPROVING THE SKILLS OF THE MEMBERSHIP THROUGH ACCESS TO EDUCATIONAL PROGRAMS, HUMAN AND PHYSICAL RESOURCES IN SUPPORT OF THEIR GROWING ENTERPRISES AND PARTICIPATING WITH OTHERS THAT HAVE SIMILAR DRIVES, GOALS AND EXPERIENCES.
THE OBJECTIVE OF EO'S CATALYST PROGRAM IS TO PROVIDE SMALL BUSINESS OWNERS CLASSES, FORUMS, MENTORING AND NETWORKING OPPORTUNITIES TO HELP GROW THEIR REVENUES OVER THE $1 MILLION MARK. TO BE A MEMBER, THE PERSON MUST BE THE FOUNDER, CO-FOUNDER OR CONTROLLING SHAREHOLDER OF A BUSINESS WITH AT LEAST $250,000 IN ANNUAL REVENUE. THIS PROGRAM IS PROVEN TO HELP BUSINESS OWNERS INCREASE SALES, EXPAND THEIR NETWORK OF MENTORS AND PEERS AND WORK ON THEIR BUSINESS IN WAYS THAT WILL HAVE A MAJOR IMPACT ON THEIR BUSINESS GOING FORWARD.
THE PURPOSE OF EO'S SECOND-IN-COMMAND PROGRAM IS TO PROVIDE THE TOOLS AND UNDERSTANDING TO TAKE THE NOISE AWAY FROM EO MEMBERS. THIS HIGH IMPACT PROGRAM DEVELOPS CHIEF OPERATING OFFICERS OR OTHER SENIOR LEADER DIRECT REPORTS TO HELP ENTREPRENEURS SPEND MORE TIME DOING WHAT THEY DO BEST, WHILE GIVING TOOLS TO GROW AS EXECUTIVES AND CREATE BETTER RESULTS IN THEIR BUSINESS. IT ALSO PROVIDES SICS WITH A HIGH PERFORMING PEER GROUP FOR EXPERIENCE SHARING AND PROBLEM SOLVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sameera Lowe Executive Director | Officer | 30 | $115,166 |
Marty Reed President | OfficerTrustee | 10 | $0 |
Bethany Newman Past President & New Initiatives | OfficerTrustee | 5 | $0 |
Amy Tanksley Incoming President | OfficerTrustee | 10 | $0 |
Dan Hogan Membership Chair | OfficerTrustee | 8 | $0 |
Bert Lyles Finance Co-Chair | Trustee | 3 | $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 | $323,115 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $323,115 |
| Total Program Service Revenue | $652,694 |
| Investment income | $443 |
| 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 | $976,252 |
| 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. | $115,166 |
| Compensation of current officers, directors, key employees. | $115,166 |
| 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 | $86,200 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,557 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,403 |
| Advertising and promotion | $0 |
| Office expenses | $3,664 |
| Information technology | $3,151 |
| Royalties | $0 |
| Occupancy | $12,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,111 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,099 |
| All other expenses | $0 |
| Total functional expenses | $968,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $753,313 |
| Savings and temporary cash investments | $362,981 |
| 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 | $1,116,294 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $1,116,294 |
| Total liabilities and net assets/fund balances | $1,116,294 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Young Entrepreneurs Organization has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
The Community Fdn Of Middle Tn Inc Nashville, TN PURPOSE: HUMAN SERVICES | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oak Ridge Associated Universities Inc Oak Ridge, TN | $44,030,627 | $90,563,395 |
Methodist University Inc Fayetteville, NC | $132,260,615 | $89,510,877 |
Consortium For Graduate Study In Management Chesterfield, MO | $9,583,885 | $57,272,361 |
Entrepreneurs Organization Alexandria, VA | $61,864,158 | $33,696,911 |
Association For Supervision And Curriculum Development Arlington, VA | $74,879,436 | $26,629,493 |
National Science Teaching Association Arlington, VA | $24,488,010 | $16,846,179 |
American Society Of Pension Professionals & Actuaries Inc Arlington, VA | $34,260,839 | $23,358,827 |
National Board For Professional Teaching Standards Inc Arlington, VA | $7,108,000 | $15,320,880 |
Alabama Education Association Inc Montgomery, AL | $11,369,391 | $16,688,773 |
Air Force Association Arlington, VA | $41,846,008 | $19,163,734 |
Virginia Education Association Inc Richmond, VA | $23,884,810 | $14,278,542 |
Tennessee Education Association Inc Nashville, TN | $10,428,351 | $9,646,926 |