Overview
What is The Employee Ownership Foundation Inc?
The Employee Ownership Foundation Inc, based in Washington D.C., is a dedicated nonprofit organization. Its primary mission is to boost the number of employee-owned businesses by raising awareness, conducting research, and engaging in public outreach. To achieve this, they have developed an educational video series, the Business Succession Video Series, which aims to inform business owners about Employee Stock Ownership Plans (ESOPs), potentially transforming numerous businesses into employee-owned entities. By highlighting various ESOP companies from various industries and working with seasoned advisors, the series shares insights into their ESOP journey, myths, facts, and the benefits of employee ownership. The Foundation's activities are geared towards increasing the level of understanding and appreciation of employee ownership, thereby expanding the employee base that can benefit from this model.
Official website here: www.employeeownershipfoundation.org
Is The Employee Ownership Foundation Inc legitimate?
The Employee Ownership Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Employee Ownership Foundation Inc 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: $0
For more financial information, click here
Official website here: www.employeeownershipfoundation.org
What is the mission statement of The Employee Ownership Foundation Inc?
The Employee Ownership Foundation's primary purpose is to promote the growth of employee-owned businesses. They achieve this by raising awareness, conducting research, and engaging in public outreach. The foundation's mission is to support programs that enhance the understanding and appreciation of the benefits associated with employee ownership, ultimately increasing the number of employees who have access to this benefit. To further this goal, they have developed a video series titled "Business Succession," which aims to educate business owners about the Employee Stock Ownership Plan (ESOP) option. The series showcases various ESOP companies across different industries and their experienced advisors, sharing their journey into employee ownership, debunking common myths about ESOPs, and highlighting the benefits of employee ownership.
Official website here: www.employeeownershipfoundation.org
Who is the CEO of The Employee Ownership Foundation Inc?
James Bonham is the CEO of The Employee Ownership Foundation Inc The CEO's salary of The Employee Ownership Foundation Inc is $68,880 and their total compensation is $583,863.
Official website here: www.employeeownershipfoundation.org
What is the revenue of The Employee Ownership Foundation Inc?
The Employee Ownership Foundation Inc's revenue in 2023 was $1,094,472.
Official website here: www.employeeownershipfoundation.org
Who are the executives of The Employee Ownership Foundation Inc and what are their salaries?
There 50 volunteers at The Employee Ownership Foundation Inc.
Here are 13 key members and their salaries (The Employee Ownership Foundation Inc's CEO's salary is $68,880 and their total compensation is $583,863):
- Compensation: $68,880
- Related: $482,163
- Other: $32,820
- Compensation: $76,522
- Related: $229,566
- Other: $35,601
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Official website here: www.employeeownershipfoundation.org
Where can I find the form 990 for The Employee Ownership Foundation Inc?
The Employee Ownership Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.employeeownershipfoundation.org
Learn more at the official website: www.employeeownershipfoundation.org
Mission Statement of The Employee Ownership Foundation Inc
The Employee Ownership Foundation, a renowned organization, is committed to increasing the number of employee-owned businesses. Their primary mission is to support initiatives that raise awareness and appreciation for the advantages of employee ownership, ultimately expanding the pool of employees with access to this beneficial employment model. The Foundation accomplishes this through various strategies, including education and public outreach.
One of their key initiatives is the Business Succession Video Series, designed to educate business owners about Employee Stock Ownership Plans (ESOPs). This series showcases ESOP companies across various industries and features seasoned advisors. By highlighting the ESOP journey of these companies, debunking common myths, and emphasizing the benefits of employee ownership, the Foundation aims to encourage more businesses to transition to this ownership structure.
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Impact
October, 2024
The Employee Ownership Foundation Inc. significantly impacts the landscape of employee-owned businesses by fostering awareness and understanding of employee ownership models, particularly Employee Stock Ownership Plans (ESOPs). Through initiatives like the Business Succession Video Series, the foundation educates business owners on how ESOPs can serve as a viable succession planning option, thus promoting the transition to employee ownership.
By highlighting successful ESOP companies across various industries and sharing insights from seasoned advisors, the foundation effectively dispels common myths and misconceptions about employee ownership. This not only illuminates the pathways to establishing an ESOP but also showcases the tangible benefits that employee ownership can provide, such as increased employee engagement, improved company performance, and greater financial security for workers.
Through its proactive outreach and research efforts, the Employee Ownership Foundation aims to enhance the appreciation for employee ownership, ultimately striving to increase the number of employees who can attain this benefit. This focus on community improvement not only helps individual businesses transition successfully but also contributes to a more inclusive and equitable economic landscape.
This information is meant to be a general summary of The Employee Ownership Foundation Inc. 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: $38,675
- Program Service Revenue: $307,976
- Gross Receipts: $1,316,820
Assets and Liabilities:
- Total Assets: $2,004,676
- Total Liabilities: $325,128
- Net Assets: $1,679,548
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REGISTRATIONS
Revenue
$307,976
Organization Details
Founding Year
1991
Principal Officer
James J Bonham
NTEE Category
Code: S40 - Community improvement
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