Eo Detroit FY2021 filing

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To promote entrepreneurship

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
14 mo
of spending, in cash
Looks good: 14.5 months of spending in cash; 3 or more.
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
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$336K
+7% vs prior year
Spent
$248K
To programs
87%
Net assets
$299K
By yearFY2020–FY2025
Revenue
$336K
FY2021▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$315K
FY2021$336K
FY2022$286K
FY2023$743K
FY2024$490K
FY2025$547K
Expenses
$248K
FY2021▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$220K
FY2021$248K
FY2022$423K
FY2023$588K
FY2024$513K
FY2025$747K
Net assets
$299K
FY2021▲ +41%
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 FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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

87 cents of each dollar spent went to programs.

Program services 87% · $215K Management & general 13% · $33K

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

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Integration Chair
$0Pt VII · Sec A
Social Chair
$0Pt VII · Sec A
Accelerator Chair
$0Pt VII · Sec A
Sponsorship Chair
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
Forum Chair
$0Pt VII · Sec A
Learning Chair
$0Pt VII · Sec A
See Eo Detroit executive salaries →

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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1 program · $215K · in their own filed words · FY2020
01

The organization provides learning seminars and other activities to approximately 90 members to promote entrepreneurship.

$215Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$336K
Ln 12
Gifts and grantsLn 1h$336K
Investment incomeLn 3$264
Money outPt IX
$248K
Ln 25
Programscol B$215K
Managementcol C$33K
Owns and owesPt X
$299K
net assets · Ln 32
Cash and savingsLn 1–2$299K
Total assetsLn 16$299K
LiabilitiesLn 26$0
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$336K
Investment incomeLn 3$264
Total revenueLn 12$336K
Assets in detailPt X, end of year
CashLn 1$107K
SavingsLn 2$193K
Cash and savings togetherLn 1–2$299K
Total assetsLn 16$299K
LiabilitiesLn 26$0
Net assetsLn 32$299K
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 FY21End FY21
Cash and savingsLn 1–2$212K$299K
Total assetsLn 16$212K$299K
LiabilitiesLn 26$0$0
Net assetsLn 32$212K$299K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$38K$19K$19K
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$7K$6K$659
Office expensesLn 13$15K$12K$3K
Information technologyLn 14$3K$3K
TravelLn 17$401$401
Conferences, conventions and meetingsLn 19$5K$5K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$163K$163K$20
All other expensesLn 24e$9K$9K
Total functional expensesLn 25$248K$215K$33K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled 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
FY2021 ViewingFiled 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

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $335,832 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $311,089$335,568
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $2,233$264
I-11 Other revenuePrior year $1,300$0
I-12 Total revenuePrior year $314,622$335,832
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $219,940$248,321
I-18 Total expensesPrior year $219,940$248,321
I-19 Revenue less expensesPrior year $94,682$87,511
Part VI · Governance 15 of 15 board members independent, 3 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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 $335,832 across 5 lines filed
VIII-1b Membership dues$254,491
VIII-1f All other contributions, gifts and grants$81,077
VIII-1h Total contributions, gifts and grants$335,568
VIII-3 Investment incomeExcluded from tax $264$264
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $264$335,832
Part IX · Statement of functional expenses $248,321 across 10 lines filed
IX-11a Management feesPrograms $19,005 · Management $19,005$38,010
IX-11c Accounting feesManagement $4,148$4,148
IX-12 Advertising and promotionPrograms $5,935 · Management $659$6,594
IX-13 Office expensesPrograms $12,167 · Management $3,042$15,209
IX-14 Information technologyManagement $3,454$3,454
IX-17 TravelPrograms $401$401
IX-19 Conferences, conventions and meetingsPrograms $5,319$5,319
IX-23 InsuranceManagement $2,677$2,677
IX-24 Other expenses (24a–d)Programs $163,343 · Management $20$163,363
IX-24e All other expensesPrograms $9,146$9,146
IX-25 Total functional expensesPrograms $215,316 · Management $33,005 · Fundraising $0$248,321
Part X · Balance sheet $299,483 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $19,318$106,566
X-2 Savings and temporary cash investmentsStart of year $192,654$192,917
X-16 Total assetsStart of year $211,972$299,483
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $211,972$299,483
X-33 Total liabilities and net assetsStart of year $211,972$299,483
Part XI · Reconciliation of net assets $299,483 net assets at year end
XI-1 Total revenue$335,832
XI-2 Total expenses$248,321
XI-3 Revenue less expenses$87,511
XI-4 Net assets at start of year$211,972
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$299,483

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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