Overview
What is Eo Detroit?
Eo Detroit, located in Royal Oak, Michigan, serves as a thriving trade and professional association or chamber of commerce. Its primary objective is to champion entrepreneurship, fostering an environment that encourages and supports business growth within the community. By actively promoting entrepreneurship, Eo Detroit aims to contribute positively to the local economic landscape.
Official website here: www.eodetroit.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%, Two-Star out of Four Star rating)
Eo Detroit has received a "Needs Improvement" rating, indicating some strengths and notable weaknesses in its operational practices. The organization excels in accountability and finance, scoring a perfect 100% in that category, with a fully independent board. However, the low score in financial statements raises concerns about transparency and accessibility of critical financial information.
The organization has demonstrated strong governance practices with well-established conflict of interest and material diversion policies, showing a commitment to ethical oversight. However, the absence of a whistleblower policy, document retention protocols, and the failure to post tax forms on its website suggest areas that require significant enhancement. Addressing these limitations could improve trust and transparency with stakeholders.
Overall, while Eo Detroit shows strengths in its governance structure and financial ratios, the lack of comprehensive financial reporting and transparency mechanisms may hinder its overall effectiveness and public perception. Improvements in these areas could lead to a better rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Eo Detroit legitimate?
Eo Detroit is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eo Detroit 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: $80,022
For more financial information, click here
Official website here: www.eodetroit.com
What is the mission statement of Eo Detroit?
Eo Detroit, as a trade or professional association, is committed to fostering entrepreneurship. Their mission, in essence, is centered around promoting business innovation and growth. By doing so, they aim to provide a supportive environment for entrepreneurs, encouraging their development and success. Their activities are geared towards nurturing a vibrant entrepreneurial ecosystem, ultimately contributing to the broader business community.
Official website here: www.eodetroit.com
Who is the CEO of Eo Detroit?
Jenny Feterovich is the Accelerator Chair of Eo Detroit.
Official website here: www.eodetroit.com
What is the revenue of Eo Detroit?
Eo Detroit's revenue in 2023 was $743,068.
Official website here: www.eodetroit.com
Who are the executives of Eo Detroit and what are their salaries?
The average compensation at Eo Detroit during 2023 was $80,022. There is 1 employee and 15 volunteers at Eo Detroit.
Here are 15 key members and their salaries:
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Official website here: www.eodetroit.com
Where can I find the form 990 for Eo Detroit?
Eo Detroit's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.eodetroit.com
Learn more at the official website: www.eodetroit.com
Mission Statement of Eo Detroit
Eo Detroit, as a trade or professional association, is devoted to the promotion of entrepreneurship. In its mission, this organization aims to foster an environment that encourages and supports young business owners in their ventures. By fostering entrepreneurship, Eo Detroit seeks to contribute positively to the business community and inspire future entrepreneurs.
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Impact
July, 2024
Eo Detroit's impact lies in its ability to promote entrepreneurship among young professionals in Royal Oak, MI. Through its activities and resources, Eo Detroit fosters a culture of innovation and business development, contributing to the growth of the local economy and creating opportunities for aspiring entrepreneurs. Its mission to promote entrepreneurship helps to inspire and support the next generation of business leaders, ultimately driving innovation and prosperity within the community.
This information is meant to be a general summary of Eo Detroit. 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: $5,239
- Gross Receipts: $743,068
Assets and Liabilities:
- Total Assets: $317,801
- Total Liabilities: $0
- Net Assets: $317,801
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Organization Details
Founding Year
2001
Phone
(586) 580-3285Principal Officer
Jenny Feterovich
Main Address
PO BOX 453, ROYAL OAK, MI, 48067
Website
www.eodetroit.comNTEE Category
Code: B036 - Education
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