Eyol Inc
- Assets
- $6.6m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 3
- Location
- Watertown, MA
- Founding
- 11/2016
- Data as of
- 06/2022
- EIN
- 81-4201446
Organization Overview
Eyol Inc is located in Watertown, MA. The organization was established in 2016. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Eyol Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eyol 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 06/2022, Eyol Inc generated $7.7m in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO NURTURE THE NEXT GENERATION OF IMPACT-FOCUSED ENTREPRENEURS IN SCIENCE, TECHNOLOGY, AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENTREPRENEUR OF YOUR OWN LIFE INC. IS DESIGNED TO EMPOWER FUTURE ENTREPRENEURS WHILE HELPING SEED-STAGE SOCIAL VENTURES GAIN TRACTION AND CREATE SUSTAINABLE IMPACT. WE PROVIDE MENTORSHIP AND ENTREPRENEURIAL EXPERIENCES TO UNDERSERVED STUDENTS THROUGH OUR SUMMER AND TERM-TIME INTERNSHIP PROGRAMS, AND WE PROVIDE FISCAL SPONSORSHIP THROUGH GRANT MAKING ACTIVITIES TO SELECT EARLY-STAGE NON-PROFIT PROGRAMS IN SCIENCE AND MEDICINE. EYOL SUPPORTS A VARIETY OF SOCIAL VENTURES AND ENTREPRENEURIAL EFFORTS IN HEALTHCARE, TECHNOLOGY, AND EDUCATION, WITH A BROAD AIM TO REALIGN INVESTMENT AND INDUSTRY INCENTIVES WITH SOCIAL AND PUBLIC GOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Saville President/treasurer/clerk | OfficerTrustee | 40 | $100,000 |
Michael Mccullough Director | Trustee | 40 | $0 |
Eric Weiss Director | Trustee | 1 | $0 |
Calvin Nguyen Executive Director | Officer | 40 | $100,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $41,667 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,670,209 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,711,876 |
| Total Program Service Revenue | $0 |
| Investment income | $112 |
| 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 | $7,711,988 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $355,000 |
| 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. | $1,688,969 |
| Compensation of current officers, directors, key employees. | $172,148 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,159 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $29,821 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,355 |
| Fees for services: Accounting | $27,896 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $109,445 |
| Advertising and promotion | $9,202 |
| Office expenses | $56,263 |
| Information technology | $15,105 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $32,268 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,613 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $8,231 |
| Total functional expenses | $2,453,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,209,306 |
| Savings and temporary cash investments | $385,403 |
| 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 | $6,594,709 |
| Accounts payable and accrued expenses | $176,119 |
| 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 | $1,028,986 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,205,105 |
| Net assets without donor restrictions | $5,327,037 |
| Net assets with donor restrictions | $62,567 |
| 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 | $6,594,709 |