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Nonprofiteer
← EYOL INC

Form 990 for tax year 2023

Filed by EYOL INC.

Totals

Total revenue
$16,187,459
Total expenses
$5,681,193
Contributions and grants received
$14,658,677
Grants paid
$3,359,000
Program service revenue
$912,562
Investment income
$1,220
Other revenue
$615,000
Total assets, end of year
$15,994,790
Total liabilities, end of year
$2,355,104
Net assets or fund balances, end of year
$13,639,686
Program services expenses (Part IX)
$5,403,170
Management and general expenses
$131,334
Fundraising expenses
$146,689
Program service expenses (Part III)
$5,403,170

Program services were 95.1% 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

    $14,658,677

  • 2a · Program service revenue: TICKET REVENUE

    total $882,562 · related or exempt $882,562

  • 2b · Program service revenue: PROGRAM REVENUE

    total $30,000 · related or exempt $30,000

  • 3 · Investment income

    total $1,220 · excluded $1,220

  • 11a · Other revenue: CANCELLATION OF GRANTS PAYABLE

    total $615,000 · related or exempt $615,000

  • 11e · Other revenue, total

    $615,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,359,000 · program services $3,359,000

  • 5 · Compensation of officers, directors and key employees

    total $330,000 · program services $264,000 · management and general $33,000 · fundraising $33,000

  • 7 · Other salaries and wages

    total $97,500 · program services $97,500

  • 10 · Payroll taxes

    total $20,162 · program services $17,707 · management and general $1,266 · fundraising $1,189

  • 11c · Fees: accounting

    total $17,925 · management and general $17,925

  • 11g · Fees: other

    total $243,809 · program services $131,309 · fundraising $112,500

  • 13 · Office expenses

    total $53,138 · program services $22,594 · management and general $30,544

  • 14 · Information technology

    total $8,892 · program services $7,351 · management and general $1,541

  • 17 · Travel

    total $34,956 · program services $34,956

  • 19 · Conferences, conventions and meetings

    total $1,441,618 · program services $1,441,618

  • 20 · Interest

    total $36,699 · management and general $36,699

  • 24a · Other expenses: MARKETING

    total $29,295 · program services $18,936 · management and general $10,359

  • 24b · Other expenses: MEALS AND ENTERTAINMENT

    total $6,293 · program services $6,293

  • 24c · Other expenses: STUDENT WORK STUDY AND

    total $1,906 · program services $1,906

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,034,540 · end of year $13,323,680

  • 2 · Savings and temporary cash investments

    beginning of year $4,147,215 · end of year $2,650,114

  • 4 · Accounts receivable

    end of year $10,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,000 · end of year $10,996

  • 17 · Accounts payable and accrued expenses

    beginning of year $69,983 · end of year $96,192

  • 18 · Grants payable

    beginning of year $1,290,000 · end of year $1,735,000

  • 22 · Loans and payables to officers and key people

    beginning of year $651,188 · end of year $523,912

  • 25 · Other liabilities

    beginning of year $42,164 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $3,133,420 · end of year $13,639,686

Mission and programs · 2023

Mission

TO NURTURE THE NEXT GENERATION OF IMPACT-FOCUSED ENTREPRENEURS IN SCIENCE, TECHNOLOGY, AND EDUCATION.

  • ENTREPRENEUR OF YOUR OWN LIFE INC. IS DESIGNED TO EMPOWER FUTURE ENTREPRENEURS WHILE HELPING SEED-STAGE SOCIAL VENTURES GAIN TRACTION AND CREATE SUSTAINABLE IMPACT. WE PROVIDE MENTORSHIP AND ENTREPRENEURIAL EXPERIENCES TO UNDERSERVED STUDENTS THROUGH OUR SUMMER AND TERM-TIME INTERNSHIP PROGRAMS, AND WE PROVIDE FISCAL SPONSORSHIP THROUGH GRANT MAKING ACTIVITIES TO SELECT EARLY-STAGE NON-PROFIT PROGRAMS IN SCIENCE AND MEDICINE. EYOL SUPPORTS A VARIETY OF SOCIAL VENTURES AND ENTREPRENEURIAL EFFORTS IN HEALTHCARE, TECHNOLOGY, AND EDUCATION, WITH A BROAD AIM TO REALIGN INVESTMENT AND INDUSTRY INCENTIVES WITH SOCIAL AND PUBLIC GOOD.

    Expenses $5,403,170 · Grants $3,359,000 · Revenue $912,562

As filed on the 2023 return.

Listed in Part VII

  • Diana Saville

    PRESIDENT/TREASURER/CLERK

    Total calculated
    $201,667
    From this org
    $201,667
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,667
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $201,667

  • Michael McCullough

    DIRECTOR

    Total calculated
    $273,193
    From this org
    $273,193
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,000
    Bonus
    $0
    Other
    $123,193
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $273,193

  • Eric Weiss

    DIRECTOR

    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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

The filer's explanations (Part III)

PART I, LINE 3
EYOL USED AN UNPAID INDEPENDENT COMPENSATION CONSULTANT, A COMPENSATION STUDY, FORM 990S FROM OTHER ORGANIZATIONS, AND APPROVAL BY THE BOARD.

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

  • ALZHEIMER'S DISEASE EDUCATION CONSULTANTS INC

    $1,424,000

    ALZHEIMER'S RESEARCH PROJECT

  • OPEN MIND AI

    $1,320,000

    TO SUPPORT THE ACADEMIC AND LIFE SUCCESS OF MINORITY, UNDERPRIVILEGED, AND OTHER STUDENTS

  • RETAIN HEALTH INC

    $615,000

    ALZHEIMER'S RESEARCH PROJECT

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202531359349302248

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