Overview
What is Entrepreneurs Organization Of Minnesota?
The Entrepreneurs Organization of Minnesota is a nonprofit organization situated in Crosslake, Minnesota, with the postal address 37303 Bonnie Lakes Rd. Their primary mission is to empower and assist entrepreneurs residing in the Twin Cities metropolitan area and beyond, offering educational programs, opportunities, resources, and training. Their goal is to support, educate, and motivate these entrepreneurs to thrive in their business ventures and personal growth. They achieve this by providing various resources and training sessions, helping entrepreneurs to successfully establish and develop their companies.
Official website here: www.eonetwork.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Overall, the Entrepreneurs Organization of Minnesota received a Two-Star out of Four Star rating with a score of 69%. This rating indicates that while the organization demonstrates some strengths, particularly in governance with 100% independent board members, there are significant weaknesses in its financial transparency and accountability practices.
The organization has a high program expense ratio of 79.11%, suggesting that a substantial portion of its funds is directed toward its programs rather than administrative costs. However, this positive aspect is overshadowed by the lack of essential financial documents, such as financial statements and tax forms, which were not available on its website. Additionally, missing policies for conflict of interest, whistleblower protection, and document retention further detract from its accountability.
While the Entrepreneurs Organization of Minnesota shows promise through its independent governance structure and operational focus, the absence of basic financial transparency and governance policies poses concerns for potential donors and stakeholders. Improving these areas could enhance the organization's trustworthiness and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Entrepreneurs Organization Of Minnesota legitimate?
Entrepreneurs Organization Of Minnesota is a legitimate nonprofit organization registered as a 501(c)(3) entity. Entrepreneurs Organization Of Minnesota 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:
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Official website here: www.eonetwork.org
What is the mission statement of Entrepreneurs Organization Of Minnesota?
The Entrepreneurs Organization of Minnesota, as stated in its mission, is committed to supporting, educating, and inspiring entrepreneurs to thrive in growing their businesses and personally. They accomplish this by offering a variety of educational programs, opportunities, resources, and training, specifically catering to the entrepreneurial community in the Twin Cities metropolitan area and broader Minnesota. The organization's goal is to empower these entrepreneurs, helping them to succeed in their ventures and personal growth.
Official website here: www.eonetwork.org
Who is the CEO of Entrepreneurs Organization Of Minnesota?
Tim Barsness is the President of Entrepreneurs Organization Of Minnesota.
Official website here: www.eonetwork.org
What is the revenue of Entrepreneurs Organization Of Minnesota?
Entrepreneurs Organization Of Minnesota's revenue in 2023 was $604,849.
Official website here: www.eonetwork.org
Who are the executives of Entrepreneurs Organization Of Minnesota and what are their salaries?
There 12 volunteers at Entrepreneurs Organization Of Minnesota.
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Official website here: www.eonetwork.org
Where can I find the form 990 for Entrepreneurs Organization Of Minnesota?
Entrepreneurs Organization Of Minnesota's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.eonetwork.org
Learn more at the official website: www.eonetwork.org
Mission Statement of Entrepreneurs Organization Of Minnesota
The Entrepreneurs Organization of Minnesota, in its mission, aims to foster, educate, and inspire entrepreneurs in their journey of establishing and growing successful companies. This nonprofit organization strives to equip entrepreneurs with the necessary tools, resources, and training to thrive in their respective industries within the Twin Cities metropolitan area and beyond Minnesota's borders. By providing a wealth of educational programs and opportunities, the Entrepreneurs Organization of Minnesota seeks to empower these entrepreneurs, helping them build not only thriving businesses but also personally enriching themselves.
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Impact
July, 2024
Entrepreneurs Organization Of Minnesota positively impacts the Twin Cities metropolitan area and greater Minnesota by supporting, educating, and encouraging entrepreneurs to succeed in building both their companies and themselves. Through a variety of educational programs, opportunities, resources, and training, this organization plays a crucial role in fostering the growth and success of entrepreneurs in the region.
This information is meant to be a general summary of Entrepreneurs Organization Of Minnesota. 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: $2,342
- Program Service Revenue: $368,077
- Gross Receipts: $604,849
Assets and Liabilities:
- Total Assets: $124,124
- Total Liabilities: $55,243
- Net Assets: $68,881
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues
Revenue
$228,553
Registrations
Revenue
$70,394
Regional Event
Revenue
$53,002
Organization Details
Founding Year
2008
Phone
(612) 386-1216Principal Officer
Tim Barsness
Main Address
37303 Bonnie Lakes Rd, Crosslake, MN, 56442
Website
www.eonetwork.orgNTEE Category
Code: B036 - Education
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