Eo Baltimore INC

EIN 82-0973273 Public charity (501(c)(3)) Fallston, MD NTEE B036
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Revenue & expenses by yearFY2023–FY2024
Revenue
$432K
FY2024▼ -3%
Expenses
$375K
FY2024▲ +4%

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).


Connects and supports local entrepreneurs through business, family, community, and personal growth experiences. For fiscal year 2024 it reported $432K in revenue, $375K in expenses, and $297K in net assets.Pt I

Founded
2016
Type
Public charity (501(c)(3)) · Education
Location
Fallston, MD
Website
www.eobaltimore.org
Filings
2 on file (2023–2024)
Revenue
$432KFY2024
Expenses
$375K
Net assets
$297K
People
12
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Provided by the organization

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Size
$100K–1M
What they do
Connects and supports local entrepreneurs through business, family, community, and personal growth experiences.
Leadership
Kathleen Clem · President
Money in and out
$432K revenue, $375K expenses
Bottom line
93% program efficiency

What Funders Ask

From IRS filings

Tax-deductible?

good Yes

Per the IRS master file. Details →

Can I give now?

good No revocation on IRS record

Not on the IRS revocation list. Details →

Filing up to date?

good Filed FY2024 (typical filing lag)

Details →

Spent on programs?

good 93% to programs

Form 990 Part IX, latest filing. Details →

Size and trend

$100K–1M

↓ -3% vs prior year Details →

Not in filings yet: foundation funders

Where the money goes · FY2024
Total revenue
$432K
Pt VIII · Ln 12
Total expenses
$375K
Pt IX · Ln 25
Net assets
$297K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $58K
Where spending went · Part IX cols B–D
Program services $0.93 Management & general $0.04 Fundraising $0.03
Program efficiency
93%
of spending reaches programs+0.4% vs prior filing year
Operating runway
8.9mo
months of highly liquid reserves at operating expense rate▲ +22% vs prior filing year
Surplus margin
+13%
revenue over expenses, this year▼ -30% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$297K
FY2024▲ +24%
Total liabilities
$0
FY2024
Revenue less expensesPt I · Ln 19$58K
Total assetsPt X · Ln 16$297K
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CEo Baltimore INC
EINHdr · item D82-0973273
Principal addressHdr · item CFallston, MD
WebsiteHdr · item Jwww.eobaltimore.org
Year of formationHdr · item L2016
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B036)
Ruling yearIRS BMFApr 1992

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Eo Baltimore INC executive salaries →

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Mission & Programs · Part III

Where the work happens

3 program services account for $349K of program spending, described in the organization's own filed words · FY2024.
01

Eo Membership

expanded membership opportunities to 10 additional members, increasing the chapter by nearly 22.

$185Kprogram expense
02

Events

critical learning retreat and four additional learning events, focusing on members professional development and personal growth.

$162Kprogram expense
03

The EO Accelerator learning and support program is for entrepreneurs who turnover $250K+ annually in their business and want to accelerate their business and personal growth. Our program empowers you with the tools, accountability, and community you need to grow your business to more than $1 million in sales, and supports you in becoming…

$2Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$396K · 92%
Contributions & grants$23K · 5%
Other revenue$11K · 3%
Investment income$2K · 1%
Program service revenue92%$396K
Contributions & grants5%$23K
Other revenue3%$11K
Investment income1%$2K
Total revenueLn 12$432K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.04 Fundraising $0.03
Program services93%$349K
Management & general4%$17K
Fundraising3%$9K
Total functional expensesLn 25$375K

Balance Sheet

Part X · end of year
CashLn 1$180K
Total assetsLn 16$297K
Total liabilitiesLn 26$0
Total net assetsLn 32$297K
Months of cash on handcomputed5.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $277K · Operating expenses/yr $375K
8.9 months
Where the money goes
Program services
Program services $349K · Total expenses $375K
93%
Management & General
Management & general $17K · Total expenses $375K
4%
Fundraising
Fundraising $9K · Total expenses $375K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $9K · Solicited contributions (3-yr avg) $17K
$0.54 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $23K · Total revenue $432K
5%
Government reliance
Government grants — · Total revenue $432K
—
Earned-income share
Program service revenue $396K · Total revenue $432K
92%
Investment reliance
Investment income $2K · Total revenue $432K
+0.5%
Program self-sufficiency
Program service revenue $396K · Total expenses $375K
106%
Growth & trend
Revenue growth (YoY)
This year $432K · Prior year $444K
-3%
Net-asset trend (YoY)
End of year $297K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $432K · Expenses $375K
+13%
Liabilities-to-Assets
Total liabilities — · Total assets $297K
—
Net-asset ratio
Net assets $297K · Total assets $297K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $96K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $297K
32%
People & payroll
Highest Reported Total Compensation
Individual Kathleen Clem · Reported title President · Highest reported compensation $0 · Total expenses $375K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $375K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 93%——
Overhead ratio 4%——
Fundraising cost ratio 41%——
Revenue growth -3%——

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.

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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$444K revenue · ⤓ 990 PDF
FY2023$283K 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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