To promote entrepreneurship

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Run by 12 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $4K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$547K
+12% vs prior year
Spent
$747K
To programs
88%
Net assets
$95K
By yearFY2020–FY2025
Revenue
$547K
FY2025▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$315K
FY2021$336K
FY2022$286K
FY2023$743K
FY2024$490K
FY2025$547K
Expenses
$747K
FY2025▲ +46%
Tap a bar for its year
Expenses by fiscal year
FY2020$220K
FY2021$248K
FY2022$423K
FY2023$588K
FY2024$513K
FY2025$747K
Net assets
$95K
FY2025▼ -68%
Tap a bar for its year
Net assets by fiscal year
FY2020$212K
FY2021$299K
FY2022$163K
FY2023$318K
FY2024$295K
FY2025$95K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1992.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $660K Management & general 12% · $87K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
SAP Chair
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Membership Chair
$0Pt VII · Sec A
Memberhsip Engagement Chai
$0Pt VII · Sec A
President-Elect
$0Pt VII · Sec A
Myeo Chair
$0Pt VII · Sec A
Forum Chair
$0Pt VII · Sec A
Finance & Governance Chair
$0Pt VII · Sec A
See Eo Detroit executive salaries →

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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 15aNo

Programs and updates

Promotes entrepreneurship through learning seminars and member activities.

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Provided by the organization

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1 program · $660K · in their own filed words · FY2024
01

The organization provides learning seminars and other activities to its members to promote entrepreneurship.

$660Kprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$547K
Ln 12
Gifts and grantsLn 1h$540K
Investment incomeLn 3$7K
Money outPt IX
$747K
Ln 25
Programscol B$660K
Managementcol C$87K
Owns and owesPt X
$95K
net assets · Ln 32
Cash and savingsLn 1–2$95K
Total assetsLn 16$95K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$540K
Investment incomeLn 3$7K
Total revenueLn 12$547K
Assets in detailPt X, end of year
CashLn 1$76K
SavingsLn 2$18K
Cash and savings togetherLn 1–2$95K
Total assetsLn 16$95K
LiabilitiesLn 26$0
Net assetsLn 32$95K
OperationsPt I, VI
EmployeesI 52
VolunteersI 612
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$295K$95K
Total assetsLn 16$295K$95K
LiabilitiesLn 26$0$0
Net assetsLn 32$295K$95K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$86K$43K$43K
Payroll taxesLn 10$7K$4K$4K
Management feesLn 11a$10K$5K$5K
Accounting feesLn 11c$24K$24K
Other fees for servicesLn 11g$20$20
Advertising and promotionLn 12$11K$10K$1K
Office expensesLn 13$8K$6K$2K
Information technologyLn 14$8K$8K
TravelLn 17$987$987
Conferences, conventions and meetingsLn 19$104K$104K
InsuranceLn 23$379$379
Other expenses (24a–d)Ln 24$445K$445K$178
All other expensesLn 24e$42K$42K
Total functional expensesLn 25$747K$660K$87K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Nov 17, 2025 $547K$747K−$200K$95K 990 PDF
FY2024Filed with the IRS Mar 8, 2025 $490K$513K−$23K$295K 990 PDF
FY2023Filed with the IRS Dec 6, 2023 $743K$588K$155K$318K 990 PDF
FY2022Filed with the IRS Mar 14, 2023 $286K$423K−$137K$163K 990 PDF
FY2021Filed with the IRS Feb 22, 2022 $336K$248K$88K$299K 990 PDF
FY2020Filed with the IRS May 17, 2021 $315K$220K$95K$212K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $546,877 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $478,764$539,665
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $11,172$7,212
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $489,936$546,877
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $73,324$93,670
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $439,662$653,328
I-18 Total expensesPrior year $512,986$746,998
I-19 Revenue less expensesPrior year −$23,050−$200,121
Part VI · Governance 12 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $546,877 across 5 lines filed
VIII-1b Membership dues$366,511
VIII-1f All other contributions, gifts and grants$173,154
VIII-1h Total contributions, gifts and grants$539,665
VIII-3 Investment incomeExcluded from tax $7,212$7,212
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $7,212$546,877
Part IX · Statement of functional expenses $746,998 across 13 lines filed
IX-7 Other salaries and wagesPrograms $43,174 · Management $43,174$86,348
IX-10 Payroll taxesPrograms $3,661 · Management $3,661$7,322
IX-11a Management feesPrograms $5,110 · Management $5,110$10,220
IX-11c Accounting feesManagement $23,639$23,639
IX-11g Other fees for servicesManagement $20$20
IX-12 Advertising and promotionPrograms $10,231 · Management $1,137$11,368
IX-13 Office expensesPrograms $6,049 · Management $1,512$7,561
IX-14 Information technologyManagement $8,488$8,488
IX-17 TravelPrograms $987$987
IX-19 Conferences, conventions and meetingsPrograms $103,813$103,813
IX-23 InsuranceManagement $379$379
IX-24 Other expenses (24a–d)Programs $444,644 · Management $178$444,822
IX-24e All other expensesPrograms $42,031$42,031
IX-25 Total functional expensesPrograms $659,700 · Management $87,298 · Fundraising $0$746,998
Part X · Balance sheet $94,630 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $123,502$76,467
X-2 Savings and temporary cash investmentsStart of year $171,249$18,163
X-16 Total assetsStart of year $294,751$94,630
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $294,751$94,630
X-33 Total liabilities and net assetsStart of year $294,751$94,630
Part XI · Reconciliation of net assets $94,630 net assets at year end
XI-1 Total revenue$546,877
XI-2 Total expenses$746,998
XI-3 Revenue less expenses−$200,121
XI-4 Net assets at start of year$294,751
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$94,630

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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