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Nonprofiteer
← EMPLOYEE OWNERSHIP EXPANSION NETWORK

Form 990 for tax year 2022

Filed by EMPLOYEE OWNERSHIP EXPANSION NETWORK.

Totals

Total revenue
$652,823
Total expenses
$865,849
Contributions and grants received
$542,359
Grants paid
$298,117
Program service revenue
$110,464
Investment income
$0
Other revenue
$0
Total assets, end of year
$252,837
Total liabilities, end of year
$387,603
Net assets or fund balances, end of year
-$134,766
Program services expenses (Part IX)
$643,893
Management and general expenses
$60,976
Fundraising expenses
$160,980
Program service expenses (Part III)
$643,893

Program services were 74.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $542,359

  • 2a · Program service revenue: FEE FOR SERVICES

    total $110,464 · related or exempt $110,464

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $298,117 · program services $298,117

  • 5 · Compensation of officers, directors and key employees

    total $160,686 · program services $80,343 · management and general $16,069 · fundraising $64,274

  • 7 · Other salaries and wages

    total $176,378 · program services $176,378

  • 8 · Pension plan contributions

    total $11,933 · program services $11,933

  • 9 · Other employee benefits

    total $21,995 · program services $21,995

  • 10 · Payroll taxes

    total $22,666 · program services $16,520 · management and general $1,229 · fundraising $4,917

  • 11b · Fees: legal

    total $12,000 · management and general $12,000

  • 11c · Fees: accounting

    total $8,785 · management and general $8,785

  • 11e · Fees: professional fundraising services

    total $44,508 · fundraising $44,508

  • 11g · Fees: other

    total $3,396 · program services $758 · management and general $2,638

  • 12 · Advertising and promotion

    total $19,967 · program services $2,125 · management and general $464 · fundraising $17,378

  • 13 · Office expenses

    total $17,783 · program services $6,718 · management and general $5,978 · fundraising $5,087

  • 17 · Travel

    total $51,039 · program services $26,532 · management and general $1,751 · fundraising $22,756

  • 19 · Conferences, conventions and meetings

    total $4,259 · program services $2,199 · fundraising $2,060

  • 20 · Interest

    total $8,753 · management and general $8,753

  • 23 · Insurance

    total $2,960 · management and general $2,960

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $624 · program services $275 · management and general $349

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $283,051 · end of year $247,887

  • 3 · Pledges and grants receivable

    beginning of year $141,000 · end of year $0

  • 4 · Accounts receivable

    beginning of year $23,700 · end of year $4,950

  • 5 · Loans and receivables from officers and key people

    beginning of year $389 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $46,490 · end of year $50,016

  • 18 · Grants payable

    beginning of year $7,890 · end of year $21,928

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $159

  • 24 · Unsecured notes and loans payable

    beginning of year $315,500 · end of year $315,500

  • 27 · Net assets without donor restrictions

    beginning of year -$85,657 · end of year -$176,911

  • 28 · Net assets with donor restrictions

    beginning of year $163,917 · end of year $42,145

Mission and programs · 2022

Mission

THE MISSION OF THE EMPLOYEE OWNER EXPANSION NETWORK IS TO SIGNIFICANTLY EXPAND EMPLOYEE OWNERSHIP IN THE UNITED STATES THROUGH ESTABLISHING AND SUPPORTING A NETWORK OF INDEPENDENT NONPROFIT STATE CENTERS FOR EMPLOYEE OWNERSHIP.

Activities or mission (Part I)

TO INCREASE THE NUMBER OF EMPLOYEE-OWNED ENTERPRISES ACROSS THE UNITED STATES.

  • EOX SEEKS TO EXPAND EMPLOYEE OWNERSHIP THROUGHOUT THE UNITED STATES WHICH IS ACCOMPLISHED MAINLY BY ASSISTING EMPLOYEE OWNERSHIP AMBASSADORS/VOLUNTEERS IN OPENING INDIVIDUAL 501(C)(3) NON-PROFIT STATE EMPLOYEE OWNERSHIP CENTERS. TO DO SO, EOX RAISES MONEY, SOME OF WHICH IS PROVIDED VIA GRANTS TO THE NON-PROFIT STATE CENTERS TO HELP COVER START-UP AND ONGOING COSTS ASSOCIATED WITH RUNNING THE CENTERS. EOX ALSO PROVIDES SERVICES TO EACH STATE CENTER ON THE BEST PRACTICES IN RUNNING A STATE CENTER.

    Expenses $643,893 · Grants $298,117 · Revenue $110,464

As filed on the 2022 return.

Listed in Part VII

  • Steve Storkan

    EXECUTIVE DIRECTOR & SECRE

    Total calculated
    $160,672
    From this org
    $133,164
    From related orgs
    $0
    Other
    $27,508
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $116,564
    Bonus
    $10,000
    Other
    $6,600
    Deferred
    $10,467
    Nontaxable benefits
    $17,041
    Filer's total
    $160,672

  • Cecil Ursprung

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    1

  • Neil Brozen

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Ken Baker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • James Steiker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tracy Till

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202411369349314181

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