Overview
What is New Entrepreneurs Opportunity Fund?
The New Entrepreneurs Opportunity Fund is a nonprofit organization located at 405 Morton Drive, Ashtabula, Ohio. Its primary mission is to support aspiring entrepreneurs who lack access to traditional sources of capital, by providing them with loans based on solid business plans and a good work ethic. This fund also offers training, education programs, and individual coaching opportunities to help these entrepreneurs succeed. Furthermore, the New Entrepreneurs Opportunity Fund aims to combat community deterioration and stimulate economic development and job creation in the Ashtabula County area.
Official website here: www.neofund.org
Is New Entrepreneurs Opportunity Fund legitimate?
New Entrepreneurs Opportunity Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Entrepreneurs Opportunity Fund 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.
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Official website here: www.neofund.org
What is the mission statement of New Entrepreneurs Opportunity Fund?
The New Entrepreneurs Opportunity Fund's mission is centered around combating community deterioration and promoting economic development and job creation. This is achieved by providing loans to individuals with a good work ethic and a solid business plan, who may lack access to traditional sources of capital. The fund also offers training and education programs for aspiring entrepreneurs, as well as individual coaching opportunities. This initiative aims to support and empower these individuals, thereby contributing to the overall economic growth of the community.
Official website here: www.neofund.org
Who is the CEO of New Entrepreneurs Opportunity Fund?
Shane Styzej is the Director of New Entrepreneurs Opportunity Fund.
Official website here: www.neofund.org
What is the revenue of New Entrepreneurs Opportunity Fund?
New Entrepreneurs Opportunity Fund's revenue in 2022 was $185,213.
Official website here: www.neofund.org
Who are the executives of New Entrepreneurs Opportunity Fund and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.neofund.org
Where can I find the form 990 for New Entrepreneurs Opportunity Fund?
New Entrepreneurs Opportunity Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.neofund.org
Learn more at the official website: www.neofund.org
Mission Statement of New Entrepreneurs Opportunity Fund
The New Entrepreneurs Opportunity Fund is committed to addressing community deterioration and fostering economic growth and job creation in its operational area. To achieve this mission, the fund provides loans to individuals with a strong work ethic and a solid business plan, yet lack access to traditional sources of capital. These loans are offered based on the merit of the proposed business idea. Additionally, the New Entrepreneurs Opportunity Fund offers training and education programs for aspiring entrepreneurs and its loan clients, as well as individual coaching opportunities. The goal is to empower individuals and help them turn their business ideas into successful ventures.
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Impact
October, 2024
The New Entrepreneurs Opportunity Fund significantly impacts the Ashtabula County area by fostering economic development and job creation. It provides essential funding to individuals with a strong work ethic and promising business ideas who lack access to traditional lending sources. By offering loans based on solid business plans, it empowers aspiring entrepreneurs to bring their visions to life.
In addition to financial support, the fund enhances its impact through comprehensive training and education programs tailored for both entrepreneurs and loan clients. Individual coaching opportunities further equip them with the necessary skills to succeed in their ventures. This multifaceted approach not only combats community deterioration but also cultivates a thriving entrepreneurial ecosystem, ultimately contributing to the area's economic revitalization and resilience.
This information is meant to be a general summary of New Entrepreneurs Opportunity Fund. 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 2022.
- Gross Receipts: $185,213
Assets and Liabilities:
- Total Assets: $149,524
- Total Liabilities: $0
- Net Assets: $149,524
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Organization Details
Founding Year
2011
Phone
(440) 997-6175Principal Officer
Shane Styzej
Main Address
405 MORTON DRIVE, ASHTABULA, OH, 44004
Website
www.neofund.orgNTEE Category
Code: S20 - Community improvement
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