Overview
What is Eyol Inc?
Eyol Inc, based in Watertown, Massachusetts, is a dedicated nonprofit organization with a mission to foster impact-driven entrepreneurs in the fields of science, technology, and education. They achieve this by offering mentorship and practical entrepreneurial experiences to underserved students through summer and term-time internship programs. Additionally, Eyol Inc provides fiscal sponsorship through grant-making activities to support early-stage non-profit programs in science and medicine. By aligning investments and industry incentives with social and public good, Eyol Inc backs a range of social ventures and entrepreneurial initiatives in healthcare, technology, and education, ultimately aiming to empower the next generation of impactful innovators. The organization currently employs a team of three individuals.
Official website here: www.eyol.org/
What are the reviews and ratings of this charity?
**Charity Navigator Rating: Needs Improvement (66%, Two-Star out of Four Star Rating)**
Eyol Inc has received a Two-Star rating from Charity Navigator, indicating that while there are some strengths, significant areas require improvement. The charity's Accountability & Finance score stands at 66%, with notable weaknesses in independent board membership and financial transparency, as evidenced by missing financial statements. The organization does uphold several policies, such as conflict of interest and whistleblower policies, which point to some level of governance.
One notable strength is the high program expense ratio of approximately 84%, which suggests a substantial portion of their budget is directed toward program activities rather than administrative costs. However, the lack of independent board members raises concerns about governance and oversight, which is critical for maintaining public trust and ensuring effective leadership.
Unfortunately, user reviews from GreatNonprofits were not available to provide additional perspectives on community sentiment regarding Eyol Inc. Thus, while the organization demonstrates financial commitment to its programs, the governance aspects show significant room for growth.
This AI summary has been generated from information found on Charity Navigator.
Is Eyol Inc legitimate?
Eyol Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eyol 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: $1,688,969
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,159
For more financial information, click here
Official website here: www.eyol.org/
What is the mission statement of Eyol Inc?
Eyol Inc's mission is centered around nurturing the upcoming generation of entrepreneurs who are focused on making an impact in the fields of science, technology, and education. They strive to empower future entrepreneurs and support seed-stage social ventures by offering mentorship and entrepreneurial experiences to underserved students through their internship programs. Additionally, Eyol provides fiscal sponsorship and grant-making activities to select early-stage non-profit programs in science and medicine. Their goal is to realign investment and industry incentives with social and public good, supporting various social ventures and entrepreneurial efforts in healthcare, technology, and education.
Official website here: www.eyol.org/
Who is the CEO of Eyol Inc?
Diana Saville is the President/Treasurer/Clerk of Eyol Inc.
Official website here: www.eyol.org/
What is the revenue of Eyol Inc?
Eyol Inc's revenue in 2022 was $7,711,988.
Official website here: www.eyol.org/
Who are the executives of Eyol Inc and what are their salaries?
The average compensation at Eyol Inc during 2022 was $564,376. There are 3 employees and 27 volunteers at Eyol Inc.
Here are 4 key members and their salaries:
- Compensation: $100,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $100,000
- Related: $0
- Other: $0
Official website here: www.eyol.org/
Where can I find the form 990 for Eyol Inc?
Eyol Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.eyol.org/
Learn more at the official website: www.eyol.org/
Mission Statement of Eyol Inc
Eyol Inc, with a mission that shines brightly, is dedicated to nurturing the next generation of impact-driven entrepreneurs in the fields of science, technology, and education. This nonprofit organization aims to empower future innovators by providing them with mentorship and hands-on experiences. Through their summer and term-time internship programs, Eyol Inc targets underserved students, equipping them with the necessary skills and guidance to become successful entrepreneurs.
Beyond this, Eyol Inc also extends its support to early-stage non-profit programs in science and medicine, offering fiscal sponsorship through grant-making activities. This proactive approach allows Eyol Inc to back a variety of social ventures and entrepreneurial efforts, particularly in healthcare, technology, and education. The ultimate goal of Eyol Inc is to realign investment and industry incentives with social and public good, thereby fostering a more equitable and sustainable future.
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Impact
July, 2024
Eyol Inc's impact lies in nurturing the next generation of impact-focused entrepreneurs in science, technology, and education. By empowering future entrepreneurs and supporting seed-stage social ventures, Eyol Inc is playing a crucial role in creating sustainable impact. By providing mentorship, entrepreneurial experiences, and fiscal sponsorship to underserved students and early-stage non-profit programs, Eyol is actively realigning investment and industry incentives with social and public good. Through its support for various social ventures and entrepreneurial efforts in healthcare, technology, and education, Eyol Inc is fostering innovation and driving positive change in the community.
This information is meant to be a general summary of Eyol 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 2022.
- Investment Income: $112
- Gross Receipts: $7,711,988
Assets and Liabilities:
- Total Assets: $6,594,709
- Total Liabilities: $1,205,105
- Net Assets: $5,389,604
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Organization Details
Founding Year
2016
Phone
(617) 874-6722Principal Officer
Diana Saville
Main Address
107 STONELEIGH ROAD, WATERTOWN, MA, 02472
Website
www.eyol.org/NTEE Category
Code: B99 - Education
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