Eo Baltimore INC FY2024 filing

Tax-deductible

Baltimore, MD501(c)(3)Since 2016EducationEIN 82-0973273Revenue $444K in FY2024

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.
93¢ 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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FY2024 · 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
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.3 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
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$444K
+57% vs prior year
Spent
$360K
To programs
93%
Net assets
$240K
By yearFY2023–FY2025
Revenue
$444K
FY2024▲ +57%
Tap a bar for its year
Revenue by fiscal year
FY2023$283K
FY2024$444K
FY2025$432K
Expenses
$360K
FY2024▲ +79%
Tap a bar for its year
Expenses by fiscal year
FY2023$201K
FY2024$360K
FY2025$375K
Net assets
$240K
FY2024▲ +55%
Tap a bar for its year
Net assets by fiscal year
FY2023$155K
FY2024$240K
FY2025$297K

From the FY2024 Form 990 (year ending June 2024) · see the original

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You’re viewing the FY2024 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

93 cents of each dollar spent went to programs.

Program services 93% · $333K Management & general 7% · $24K Fundraising 1% · $3K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$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 · $333K · in their own filed words · FY2023
01

Eo Membership

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

$170Kprogram expense
02

Events

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

$160Kprogram 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…

$3Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$444K
Ln 12
Fees for servicesLn 2g$418K
Gifts and grantsLn 1h$23K
Other incomeLn 4–11$3K
Money outPt IX
$360K
Ln 25
Programscol B$333K
Managementcol C$24K
Fundraisingcol D$3K
Owns and owesPt X
$240K
net assets · Ln 32
Cash and savingsLn 1–2$219K
Total assetsLn 16$240K
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$23K
Fees for servicesLn 2g$418K
Other incomeLn 4–11$3K
Gains on assetsLn 7$0
Total revenueLn 12$444K
Assets in detailPt X, end of year
CashLn 1$169K
SavingsLn 2$50K
Cash and savings togetherLn 1–2$219K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$240K
LiabilitiesLn 26$0
Net assetsLn 32$240K
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 FY24End FY24
Cash and savingsLn 1–2$131K$219K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$155K$240K
LiabilitiesLn 26$0$0
Net assetsLn 32$155K$240K
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$63K$58K$4K$478
Legal feesLn 11b$0
Accounting feesLn 11c$9K$9K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$5K$4K$301$35
Information technologyLn 14$2K$2K$160$18
RoyaltiesLn 15$0
OccupancyLn 16$4K$4K$252$29
TravelLn 17$3K$2K$165$20
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$10K$10K
InterestLn 20$0
Payments to affiliatesLn 21$126K$126K
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$116K$115K$734$85
All other expensesLn 24e$17K$11K$6K$30
Total functional expensesLn 25$360K$333K$24K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $432K$375K$58K$297K 990 PDF
FY2024 Viewing $444K$360K$85K$240K 990 PDF
FY2023 $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 FY2024 990 (6 parts)
Part I · Summary $444,347 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,000$23,275
I-9 Program service revenuePrior year $276,489$417,812
I-10 Investment income$0
I-11 Other revenuePrior year $13$3,260
I-12 Total revenuePrior year $282,502$444,347
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 $200,539$359,586
I-18 Total expensesPrior year $200,539$359,586
I-19 Revenue less expensesPrior year $81,963$84,761
Part VI · Governance 13 of 13 board members independent, 2 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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 $444,347 across 9 lines filed
VIII-1f All other contributions, gifts and grants$23,275
VIII-1h Total contributions, gifts and grants$23,275
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $417,812$417,812
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax $3,260$3,260
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $417,812 · Excluded from tax $3,260$444,347
Part IX · Statement of functional expenses $359,586 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 $58,316 · Management $4,118 · Fundraising $478$62,912
IX-11b Legal fees$0
IX-11c Accounting feesManagement $9,399$9,399
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 $2,036$2,036
IX-13 Office expensesPrograms $4,269 · Management $301 · Fundraising $35$4,605
IX-14 Information technologyPrograms $2,259 · Management $160 · Fundraising $18$2,437
IX-15 Royalties$0
IX-16 OccupancyPrograms $3,569 · Management $252 · Fundraising $29$3,850
IX-17 TravelPrograms $2,342 · Management $165 · Fundraising $20$2,527
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $10,397$10,397
IX-20 Interest$0
IX-21 Payments to affiliatesPrograms $125,817$125,817
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $2,736$2,736
IX-24 Other expenses (24a–d)Programs $115,384 · Management $734 · Fundraising $85$116,203
IX-24e All other expensesPrograms $10,966 · Management $5,671 · Fundraising $30$16,667
IX-25 Total functional expensesPrograms $333,319 · Management $23,536 · Fundraising $2,731$359,586
Part X · Balance sheet $239,802 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $81,185$169,346
X-2 Savings and temporary cash investmentsStart of year $50,056$50,056
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $23,800$20,400
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 $155,041$239,802
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $155,041$239,802
X-32 Total net assets or fund balancesStart of year $155,041$239,802
X-33 Total liabilities and net assetsStart of year $155,041$239,802
Part XI · Reconciliation of net assets $239,802 net assets at year end
XI-1 Total revenue$444,347
XI-2 Total expenses$359,586
XI-3 Revenue less expenses$84,761
XI-4 Net assets at start of year$155,041
XI-10 Net assets at end of year$239,802

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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