Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2000.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
85 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
49 people listed on the 990; $1.6M paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| William Koehler | $367,773 | $418,033 | $397,437 | $427,078 | $369,033 |
| James Foran | — | — | — | $232,906 | $226,258 |
| Christine Nelson | $185,512 | $190,581 | $190,974 | $179,729 | $173,264 |
| Steven Fritsch | $170,582 | $179,922 | $171,718 | $142,483 | $133,196 |
| Laura Hudak | $168,540 | $176,034 | $169,405 | $161,815 | $160,028 |
| Jacob Duritsky | $175,969 | $174,959 | $168,532 | $142,655 | $134,312 |
| Dawn Southard | $157,863 | $172,642 | $160,602 | $144,360 | $128,155 |
| Mark Owens | $161,601 | $166,857 | $113,274 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Attracts new businesses, helps existing ones grow, and accelerates innovation to boost Northeast Ohio's economy.
Questions for Team Neo Foundation
Your first name shows with your question. Team Neo Foundation answers here, for everyone.
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Strengthened, Better Coordinated Regional Network
As the Jobs Ohio Network Partner, Team NEO aligns and amplifies local economic development efforts in Northeast Ohio's 18 county region to create jobs and build a more robust economy.
Promote Team Neo, the Region and Network Performance
Team NEO offers local partners a bigger, more powerful platform to highlight the merits of investing in Northeast Ohio by highlighting unique strengths and economic attributes of each market, while articulating the value of being a part of the larger Northeast Ohio region, including our critical mass as one region with its integrated…
Advancing Technology Adoption
We are building regional innovation clusters by connecting companies, academic and research institutions with opportunities to collaborate and take advantage of new technologies such as additive and smart manufacturing that build on the industrial, organizational and workforce strengths of the region.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.4M | $1.7M |
| Land, buildings, equipmentLn 10c | $69K | $79K |
| Total assetsLn 16 | $2.4M | $3.2M |
| LiabilitiesLn 26 | $577K | $745K |
| Net assetsLn 32 | $1.8M | $2.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $1.1M | $868K | $139K | $64K |
| Other salaries and wagesLn 7 | $2.4M | $1.9M | $307K | $142K |
| Pension plan contributionsLn 8 | $93K | $75K | $12K | $6K |
| Other employee benefitsLn 9 | $203K | $179K | $18K | $6K |
| Payroll taxesLn 10 | $213K | $172K | $28K | $13K |
| Legal feesLn 11b | $5K | $0 | $5K | $0 |
| Accounting feesLn 11c | $25K | $0 | $25K | $0 |
| Other fees for servicesLn 11g | $758K | $728K | $29K | $0 |
| Advertising and promotionLn 12 | $167K | $167K | $0 | $0 |
| Office expensesLn 13 | $63K | $51K | $8K | $4K |
| Information technologyLn 14 | $134K | $110K | $23K | $902 |
| OccupancyLn 16 | $198K | $161K | $25K | $12K |
| TravelLn 17 | $60K | $53K | $6K | $1K |
| Conferences, conventions and meetingsLn 19 | $161K | $161K | $0 | $0 |
| Depreciation, depletion and amortizationLn 22 | $39K | $32K | $5K | $2K |
| InsuranceLn 23 | $9K | $7K | $1K | $549 |
| Other expenses (24a–d)Ln 24 | $165K | $165K | $0 | $0 |
| All other expensesLn 24e | $43K | $36K | $7K | $1K |
| Total functional expensesLn 25 | $5.8M | $4.9M | $639K | $251K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $8.0M | $8.0M | −$28K | $2.1M | 990 PDF |
| FY2023 | $8.0M | $8.2M | −$248K | $2.1M | 990 PDF |
| FY2022 | $8.0M | $8.0M | −$19K | $2.3M | 990 PDF |
| FY2021 | $6.4M | $6.5M | −$72K | $2.3M | 990 PDF |
| FY2020 Viewing | $6.3M | $5.8M | $581K | $2.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $6,347,463 revenue, 12 lines filed
Part VI · Governance 38 of 38 board members independent, no flags
Part VIII · Statement of revenue $6,347,463 across 9 lines filed
Part IX · Statement of functional expenses $5,766,890 across 18 lines filed
Part X · Balance sheet $3,161,546 assets, 16 lines filed
Part XI · Reconciliation of net assets $2,416,682 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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