Overview
What is Young Entrepreneurs Organization Of Philadelphia?
The Young Entrepreneurs Organization of Philadelphia is a nonprofit based in Broomall, Pennsylvania, specifically at 1974 Sproul Rd 208. Its primary mission is to empower and support entrepreneurs aged between 25 and 50 in the Philadelphia area, fostering the growth of their businesses through various educational and networking opportunities. The organization operates as a peer-to-peer network, providing its members with the tools and resources necessary to build upon their successes. With a small team of two employees, the Young Entrepreneurs Organization of Philadelphia strives to promote and advance entrepreneurship within the local business community.
Official website here: www.eonetwork.org/philadelphia
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, Overall Score: 69%)
The Young Entrepreneurs Organization of Philadelphia has received a two-star rating from Charity Navigator, indicating areas that need significant improvement. While the organization boasts a high program expense ratio of 96.30%, signifying that a large majority of its expenditures directly support its programs, it falls short on several accountability and transparency metrics.
The organization has a fully independent board, which is a positive aspect; however, it lacks essential policies such as a conflict of interest policy and a whistleblower policy. Additionally, the absence of financial statements and a tax form on their website raises concerns regarding their transparency and financial reporting practices. Despite these limitations, the organization has demonstrated responsible asset management with a liabilities-to-assets ratio of 0.00%, suggesting it operates without significant debt.
Overall, while the Young Entrepreneurs Organization of Philadelphia is committed to its mission of supporting young entrepreneurs, improvements in governance and financial transparency are needed to enhance trust and accountability among its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Young Entrepreneurs Organization Of Philadelphia legitimate?
Young Entrepreneurs Organization Of Philadelphia is a legitimate nonprofit organization registered as a 501(c)(3) entity. Young Entrepreneurs Organization Of Philadelphia submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $141,574
For more financial information, click here
Official website here: www.eonetwork.org/philadelphia
What is the mission statement of Young Entrepreneurs Organization Of Philadelphia?
The Young Entrepreneurs Organization of Philadelphia's mission is centered around promoting and fostering the advancement of entrepreneurship among business owners within a specific age range. More specifically, they focus on individuals aged between 25 and 50. Their primary goal is to facilitate the growth of these entrepreneurs by providing a peer-to-peer network and various educational and networking opportunities. These resources are designed to help members build upon their successes and continue to thrive in their entrepreneurial endeavors.
Official website here: www.eonetwork.org/philadelphia
Who is the CEO of Young Entrepreneurs Organization Of Philadelphia?
Eric Griffin is the Director of Young Entrepreneurs Organization Of Philadelphia.
Official website here: www.eonetwork.org/philadelphia
What is the revenue of Young Entrepreneurs Organization Of Philadelphia?
Young Entrepreneurs Organization Of Philadelphia's revenue in 2023 was $551,379.
Official website here: www.eonetwork.org/philadelphia
Who are the executives of Young Entrepreneurs Organization Of Philadelphia and what are their salaries?
The average compensation at Young Entrepreneurs Organization Of Philadelphia during 2023 was $70,787. There are 2 employees at Young Entrepreneurs Organization Of Philadelphia.
Here are 7 key members and their salaries:
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Official website here: www.eonetwork.org/philadelphia
Where can I find the form 990 for Young Entrepreneurs Organization Of Philadelphia?
Young Entrepreneurs Organization Of Philadelphia's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.eonetwork.org/philadelphia
Learn more at the official website: www.eonetwork.org/philadelphia
Mission Statement of Young Entrepreneurs Organization Of Philadelphia
The Young Entrepreneurs Organization of Philadelphia, abbreviated as YEO Philly, is committed to encouraging and boosting entrepreneurship among business owners aged between 25 and 50. Their primary mission is to stimulate entrepreneurial growth within the Philadelphia region. The organization operates as a peer-to-peer network, providing its members with a diverse array of educational and networking opportunities. YEO Philly aims to help its members build upon their achievements by offering resources that foster their continuous development. By doing so, the organization seeks to contribute to a vibrant and thriving entrepreneurial community.
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Impact
July, 2024
The Young Entrepreneurs Organization of Philadelphia plays a significant role in fostering the advancement of entrepreneurship among business owners aged 25 to 50 in the Philadelphia region. It provides a valuable peer-to-peer network and resources for entrepreneurs, offering them opportunities to build upon their successes through educational programs and networking events. By connecting entrepreneurs and providing them with support and guidance, the organization contributes to the growth and development of businesses in the community, ultimately leading to economic empowerment and innovation.
This information is meant to be a general summary of Young Entrepreneurs Organization Of Philadelphia. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $15
- Program Service Revenue: $551,364
- Gross Receipts: $551,379
Assets and Liabilities:
- Total Assets: $285,275
- Total Liabilities: $0
- Net Assets: $285,275
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENU
Revenue
$428,281
SPONSORSHIP REVENUE
Revenue
$123,083
Organization Details
Founding Year
1992
Phone
(484) 653-6380Principal Officer
Eric Griffin
Main Address
1974 SPROUL RD 208, BROOMALL, PA, 19008
NTEE Category
Code: S41 - Community improvement
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