Eo Baltimore INC FY2023 filing

Tax-deductible

Baltimore, MD501(c)(3)Since 2016EducationEIN 82-0973273Revenue $283K in FY2023

On file with the IRSeobaltimore.org1909 Thames St Ste 201, 21231-3662 · Baltimore, MDTax-exempt since Apr 1992Publicly supported — 509(a)(2)

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EO Baltimore provides learning and networking activities for local entrepreneurs to share business ideas, strategies, and advice among like-minded people.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2023 · 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 3
filings with a surplus
Average surplus $75K a year · 19% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.9 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
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$283K
Spent
$201K
To programs
90%
Net assets
$155K
By yearFY2023–FY2025
Revenue
$283K
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2023$283K
FY2024$444K
FY2025$432K
Expenses
$201K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2023$201K
FY2024$360K
FY2025$375K
Net assets
$155K
FY2023
Tap a bar for its year
Net assets by fiscal year
FY2023$155K
FY2024$240K
FY2025$297K

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 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

90 cents of each dollar spent went to programs.

Program services 90% · $180K Management & general 2% · $4K Fundraising 8% · $16K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President & Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Eo Baltimore INC 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

Connects and supports local entrepreneurs through business, family, community, and personal growth experiences.

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Provided by the organization

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3 programs · $180K · in their own filed words · FY2022
01

Events

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

$151Kprogram expense
02

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…

$25Kprogram expense
03

Eo Membership

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

$5Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$283K
Ln 12
Fees for servicesLn 2g$276K
Gifts and grantsLn 1h$6K
Other incomeLn 4–11$13
Money outPt IX
$201K
Ln 25
Programscol B$180K
Managementcol C$4K
Fundraisingcol D$16K
Owns and owesPt X
$155K
net assets · Ln 32
Cash and savingsLn 1–2$131K
Total assetsLn 16$155K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6K
Fees for servicesLn 2g$276K
Other incomeLn 4–11$13
Gains on assetsLn 7$0
Total revenueLn 12$283K
Assets in detailPt X, end of year
CashLn 1$81K
SavingsLn 2$50K
Cash and savings togetherLn 1–2$131K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$155K
LiabilitiesLn 26$0
Net assetsLn 32$155K
OperationsPt I, VI
EmployeesI 50
VolunteersI 612
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$73K$131K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$82K$155K
LiabilitiesLn 26$991$0
Net assetsLn 32$81K$155K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$56K$50K$1K$5K
Legal feesLn 11b$0
Accounting feesLn 11c$2K$2K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$10K$10K
Office expensesLn 13$1K$1K$27$108
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$3K$3K$71$278
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$23K$23K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$87K$87K
All other expensesLn 24e$19K$16K$1K$971
Total functional expensesLn 25$201K$180K$4K$16K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $432K$375K$58K$297K 990 PDF
FY2024 $444K$360K$85K$240K 990 PDF
FY2023 Viewing $283K$201K$82K$155K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $282,502 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $78,543$6,000
I-9 Program service revenue$276,489
I-10 Investment income$0
I-11 Other revenue$13
I-12 Total revenuePrior year $78,543$282,502
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $196,113$200,539
I-18 Total expensesPrior year $196,113$200,539
I-19 Revenue less expensesPrior year −$117,570$81,963
Part VI · Governance 8 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $282,502 across 10 lines filed
VIII-1f All other contributions, gifts and grants$6,000
VIII-1h Total contributions, gifts and grants$6,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $276,489$276,489
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $13$13
VIII-12 Total revenueRelated to mission $276,502$282,502
Part IX · Statement of functional expenses $200,539 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management feesPrograms $50,121 · Management $1,144 · Fundraising $4,535$55,800
IX-11b Legal fees$0
IX-11c Accounting feesManagement $1,539$1,539
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionFundraising $10,405$10,405
IX-13 Office expensesPrograms $1,193 · Management $27 · Fundraising $108$1,328
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $3,076 · Management $71 · Fundraising $278$3,425
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $22,810$22,810
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $86,586$86,586
IX-24e All other expensesPrograms $16,346 · Management $1,329 · Fundraising $971$18,646
IX-25 Total functional expensesPrograms $180,132 · Management $4,110 · Fundraising $16,297$200,539
Part X · Balance sheet $155,041 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $73,078$81,185
X-2 Savings and temporary cash investments$50,056
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $8,500$23,800
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $81,578$155,041
X-26 Total liabilitiesStart of year $991$0
X-27 Net assets without donor restrictionsStart of year $80,587$155,041
X-32 Total net assets or fund balancesStart of year $80,587$155,041
X-33 Total liabilities and net assetsStart of year $81,578$155,041
Part XI · Reconciliation of net assets $155,041 net assets at year end
XI-1 Total revenue$282,502
XI-2 Total expenses$200,539
XI-3 Revenue less expenses$81,963
XI-4 Net assets at start of year$80,587
XI-8 Prior period adjustments−$7,509
XI-10 Net assets at end of year$155,041

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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