Eoto INC EIN 27-1814746 Form 990 (PDF) Claim this org

Eoto INC

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Provides financial support and basic necessities like health, housing, and education to underprivileged and orphaned children globally. For fiscal year 2024 it reported $215K in revenue, $278K in expenses, and $1K in net assets.Pt I

Type
Public charity (501(c)(3)) · International
Location
Irvine, CA
Website
www.eoto.org
Filings
5 on file (2020–2024)
Revenue
$215KFY2024
Expenses
$278K
Net assets
$1K
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  27-1814746 Public charity (501(c)(3)) Irvine, CA
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides financial support and basic necessities like health, housing, and education to underprivileged and orphaned children globally.
Leadership
Nitesh P Patel · President
Money in and out
$215K revenue, $278K expenses
Bottom line
93% program efficiency
Where the money goes · FY2024
Total revenue
$215K
Pt VIII · Ln 12
Total expenses
$278K
Pt IX · Ln 25
Net assets
$1K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$63K
Where spending went · Part IX cols B–D
Program services $0.93 Management & general $0.06 Fundraising $0.00
Program efficiency
93%
of spending reaches programs▲ +0.9% vs prior filing year
Operating runway
11.7mo
months of highly liquid reserves at operating expense rate▼ -28% vs prior filing year
Surplus margin
-29%
revenue over expenses, this year▼ -264% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$215K
FY2024▼ -28%
Expenses
$278K
FY2024▲ +12%
Total assets
$271K
FY2024▼ -19%
Total liabilities
$270K
FY20240%
Total revenue
$215K
Pt VIII · Ln 12
Total expenses
$278K
Pt IX · Ln 25
Net assets
$1K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$63K
Total assetsPt X · Ln 16$271K
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEoto INC
EINHdr · item D27-1814746
Principal addressHdr · item CIrvine, CA
WebsiteHdr · item Jwww.eoto.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFInternational (Q30)
Ruling yearIRS BMFDec 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary/Tr
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $250K of program spending, described in the organization's own filed words · FY2024.
01

Boys and Girls Winter Wishes

Christmas giveaway we partner with the boys and girls club and salvation army in los angeles for a toy drive, adopting 250 children from the anaheim boys and girls club to fulfill their wishes. The gifts focused on education and sports, including educational and active toys.

$88Kprogram expense
02

Kick 4 kids eoto made a special impact by providing over 800 brand-new, name-brand shoes and socks to the incredible students at hope school hope school is committed to empowering students with special needs, helping them build lives filled with purpose, independence, and meaningful contribution.

$87Kprogram expense
03

Children sponsorship in india eoto's children sponsorship in india ensures that over 50 children have the essentials for education. We cover their costs so they can attend school instead of being forced into labor. It's rewarding to witness their growth after several years of support.

$75Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$215K
Total revenueLn 12$215K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.06 Fundraising $0.00
Program services93%$259K
Management & general6%$18K
Fundraising$622
Total functional expensesLn 25$278K

Balance Sheet

Part X · end of year
CashLn 1$271K
Total assetsLn 16$271K
Total liabilitiesLn 26$270K
Total net assetsLn 32$1K
Months of cash on handcomputed11.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $271K · Operating expenses/yr $278K
11.7 months
Where the money goes
Program services
Program services $259K · Total expenses $278K
93%
Management & General
Management & general $18K · Total expenses $278K
6%
Fundraising
Fundraising $622 · Total expenses $278K
0.2%
Cost to raise $1
Fundraising expense (3-yr avg) $648 · Solicited contributions (3-yr avg) $214K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $215K · Total revenue $215K
100%
Government reliance
Government grants — · Total revenue $215K
Earned-income share
Program service revenue $0 · Total revenue $215K
0%
Investment reliance
Investment income $0 · Total revenue $215K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $278K
0%
Growth & trend
Revenue growth (YoY)
This year $215K · Prior year $300K
-28%
Revenue CAGR
FY2020 $491K · FY2024 $215K
-19%
Net-asset trend (YoY)
End of year $1K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $215K · Expenses $278K
-29%
Liabilities-to-Assets
Total liabilities — · Total assets $271K
Net-asset ratio
Net assets $1K · Total assets $271K
0.5%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $271K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Nitesh P Patel · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $278K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $278K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 93%
Overhead ratio 6%
Fundraising cost ratio 0.3%
Revenue growth -28%
Legal fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$34K
Grants paid · 8 grants · $162K · 2021–2024
John F Kennedy HighFY2024$8,818
John F Kennedy HighFY2023$7,550
Unitemized GrantFY2021$48,269
Unitemized GrantFY2021$38,419
Unitemized GrantFY2021$19,108
Unitemized GrantFY2021$18,549
Brackens Kitchen INCCA · FY2021$11,347
Unitemized GrantFY2021$9,629

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$215K revenue · viewing · ⤓ 990 PDF
FY2023$300K revenue · ⤓ 990 PDF
FY2022$127K revenue · ⤓ 990 PDF
FY2021$226K revenue · ⤓ 990 PDF
FY2020$491K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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