Overview
What is Young Entrepreneurs' Organization Of Austin?
The Young Entrepreneurs' Organization of Austin is a nonprofit organization located at 2000 East 6th Street, Austin, Texas 78701. Its primary mission is to support, educate, and motivate entrepreneurs in their journey to establish and grow successful businesses. This is achieved through a variety of events, both social and educational, designed to foster networking opportunities and knowledge sharing among its members. The organization, with a staff of just two individuals, works tirelessly to empower entrepreneurs, fostering an environment that encourages personal and professional growth.
Official website here: www.eonetwork.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, 69%
The Young Entrepreneurs' Organization of Austin has received a two-star rating from Charity Navigator, indicating a need for improvement in their accountability and financial practices. With an overall score of 69%, the organization demonstrates strong fiscal responsibility, as evidenced by a program expense ratio of 93.52%, indicating that a large majority of its expenditures directly support its mission.
However, several areas require attention. While the board is fully independent and meets standards for diversion of assets and liabilities to assets ratio, critical policies such as conflict of interest, whistleblower protections, and document retention are missing. Additionally, the organization does not post its tax forms on its website, which enhances transparency concerns.
Despite these limitations, the Young Entrepreneurs' Organization of Austin maintains a solid foundation with a majority of independent board members and a commendable approach to program funding. Addressing the identified governance issues would contribute significantly to improving their rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Young Entrepreneurs' Organization Of Austin legitimate?
Young Entrepreneurs' Organization Of Austin is a legitimate nonprofit organization registered as a 501(c)(3) entity. Young Entrepreneurs' Organization Of Austin 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: $168,313
For more financial information, click here
Official website here: www.eonetwork.org
What is the mission statement of Young Entrepreneurs' Organization Of Austin?
The Young Entrepreneurs' Organization of Austin's mission is to support, educate, and motivate entrepreneurs in their journey of building successful businesses and themselves. This organization aims to achieve this by providing a platform for networking and learning through various events. These events are designed to bring members together, fostering an environment where they can connect, share experiences, and acquire new knowledge. By doing so, the Young Entrepreneurs' Organization of Austin aims to contribute to the growth and success of its members' ventures.
Official website here: www.eonetwork.org
What is the revenue of Young Entrepreneurs' Organization Of Austin?
Young Entrepreneurs' Organization Of Austin's revenue in 2023 was $970,322.
Official website here: www.eonetwork.org
Who are the executives of Young Entrepreneurs' Organization Of Austin and what are their salaries?
The average compensation at Young Entrepreneurs' Organization Of Austin during 2023 was $84,156. There are 2 employees and 13 volunteers at Young Entrepreneurs' Organization Of Austin.
Here are 13 key members and their salaries:
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Official website here: www.eonetwork.org
Where can I find the form 990 for Young Entrepreneurs' Organization Of Austin?
Young Entrepreneurs' Organization Of Austin'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 Young Entrepreneurs' Organization Of Austin
The Young Entrepreneurs' Organization of Austin is committed to supporting, educating, and inspiring entrepreneurs as they strive to build successful businesses and empower themselves. With this mission in mind, the organization hosts a variety of events, both social and educational, designed to bring members together for networking, knowledge sharing, and personal growth. By providing a platform for entrepreneurs to connect and learn, the Young Entrepreneurs' Organization of Austin aims to foster an environment where individuals can thrive and achieve their professional objectives.
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Impact
July, 2024
The Young Entrepreneurs' Organization Of Austin has a significant impact on the local entrepreneurial community by supporting, educating, and encouraging entrepreneurs to succeed in building companies and themselves. Through a combination of social and educational events, EO Austin creates opportunities for members to network, learn, and grow. Their mission to empower entrepreneurs not only benefits individual members but also contributes to the overall improvement of the community.
This information is meant to be a general summary of Young Entrepreneurs' Organization Of Austin. 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: $31
- Program Service Revenue: $752,516
- Gross Receipts: $970,322
Assets and Liabilities:
- Total Assets: $921,447
- Total Liabilities: $23,235
- Net Assets: $898,212
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$624,970
ACCELERATOR
Revenue
$127,546
Organization Details
Founding Year
2001
Phone
(512) 574-8417Principal Officer
James Ashcroft
Main Address
2000 EAST 6TH ST STE 4, AUSTIN, TX, 78701
Website
www.eonetwork.orgNTEE Category
Code: S41 - Community improvement
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