Employee Ownership Expansion Network

Organization Overview

Employee Ownership Expansion Network is located in Arlington, VA. The organization was established in 2019. According to its NTEE Classification (J11) the organization is classified as: Single Organization Support, under the broad grouping of Employment and related organizations. As of 06/2022, Employee Ownership Expansion Network employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Employee Ownership Expansion Network 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, Employee Ownership Expansion Network generated $509.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $923.7k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Employee Ownership Expansion Network has awarded 21 individual grants totaling $553,625. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO INCREASE THE NUMBER OF EMPLOYEE-OWNED ENTERPRISES ACROSS THE UNITED STATES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EOX IS SEEKING TO EXPAND EMPLOYEE OWNERSHIP THROUGHOUT THE UNITED STATES WHICH IS ACCOMPLISHED MAINLY BY ASSISTING EMPLOYEE OWNERSHIP AMBASSADORS/VOLUNTEERS IN OPENING INDIVIDUAL 501(C)(3) NON-PROFIT STATE EMPLOYEE OWNERSHIP CENTERS. TO DO SO, EOX WILL RAISE MONEY, SOME OF WHICH WILL BE PROVIDED VIA GRANTS TO THE NON-PROFIT STATE CENTERS TO HELP PROVIDE FOR START-UP AND ONGOING COSTS ASSOCIATED WITH RUNNING THE CENTERS. EOX WILL ALSO PROVIDE SERVICES TO EACH STATE CENTER ON THE BEST PRACTICES IN RUNNING A STATE CENTER.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $26,962
All other contributions, gifts, grants, and similar amounts not included above$426,383
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$453,345
Total Program Service Revenue$55,787
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 $509,132

Grants Awarded

Over the last fiscal year, Employee Ownership Expansion Network has awarded $341,701 in support to 8 organizations.

Grant RecipientAmount

GEORGIA CENTER FOR EMPLOYEE OWNERSHIP

PURPOSE: INITIAL GRANT FOR STARTUP COSTS.

$39,959

TENNESSEE CENTER FOR EMPLOYEE OWNERSHIP

PURPOSE: INITIAL GRANT FOR STARTUP COSTS.

$7,923

TEXAS CENTER FOR EMPLOYEE OWNERSHIP

PURPOSE: INITIAL GRANT FOR STARTUP COSTS.

$5,075

MINNESOTA CENTER FOR EMPLOYEE OWNERSHIP

PURPOSE: INITIAL GRANT FOR STARTUP COSTS.

$13,059

MISSOURI CENTER FOR EMPLOYEE OWNERSHIP

PURPOSE: INITIAL GRANT FOR STARTUP COSTS.

$220,516

NORTH CAROLINA CENTER FOR EMPLOYEE OWNERSHIP

PURPOSE: INITIAL GRANT FOR STARTUP COSTS.

$37,291
View Grant Profile

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