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Employee Ownership Expansion Network

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 832849677 ✦ Arlington, VA ✦ Designated as a 501(c)(3)

Overview

What is Employee Ownership Expansion Network?

Employee Ownership Expansion Network (EOX) is a nonprofit organization situated in Arlington, Virginia, with a mission to expand employee ownership throughout the United States. They achieve this by assisting volunteer ambassadors in establishing individual 501(c)(3) non-profit centers for employee ownership in various states. EOX raises funds, some of which are granted to these state centers to cover start-up and operational costs. Additionally, EOX offers guidance on best practices for running a state center, aiming to increase the number of employee-owned enterprises across the nation. The organization currently employs five individuals.


Official website here: www.eoxnetwork.org

Is Employee Ownership Expansion Network legitimate?

Employee Ownership Expansion Network is a legitimate nonprofit organization registered as a 501(c)(3) entity. Employee Ownership Expansion Network submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $164,037
Professional Fundraising Fees: $9,450
Other Salaries and Wages: $166,699

For more financial information, click here


Official website here: www.eoxnetwork.org

What is the mission statement of Employee Ownership Expansion Network?

The Employee Ownership Expansion Network's mission is to substantially increase employee ownership across the United States. To accomplish this, they aim to establish and support a network of independent nonprofit state centers for employee ownership. The centers serve as resources for employee ownership ambassadors and volunteers, helping them establish 501(c)(3) non-profit state employee ownership centers. The Network raises funds, some of which are granted to these centers to cover start-up and ongoing costs associated with running the centers. Additionally, EOX provides services to each state center, sharing best practices for managing a state center effectively.


Official website here: www.eoxnetwork.org

Who is the CEO of Employee Ownership Expansion Network?

Steve Storkan is the Executive Director & Secre of Employee Ownership Expansion Network.


Official website here: www.eoxnetwork.org

What is the revenue of Employee Ownership Expansion Network?

Employee Ownership Expansion Network's revenue in 2022 was $509,132.


Official website here: www.eoxnetwork.org

Who are the executives of Employee Ownership Expansion Network and what are their salaries?

The average compensation at Employee Ownership Expansion Network during 2022 was $66,147. There are 5 employees and 5 volunteers at Employee Ownership Expansion Network.

Here are 6 key members and their salaries:

    Steve Storkan (Executive Director & Secre)
  • Compensation: $135,800
  • Related: $0
  • Other: $27,586

    • Cecil Ursprung (Chairman Of The Board & Tr) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ken Baker (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Steiker (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Neil Brozen (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tracy Till (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.eoxnetwork.org

    Where can I find the form 990 for Employee Ownership Expansion Network?

    The Employee Ownership Expansion Network’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.eoxnetwork.org

    Learn more at the official website: www.eoxnetwork.org

    Mission Statement of Employee Ownership Expansion Network

    The Employee Ownership Expansion Network, abbreviated as EOX, aims to significantly increase the number of employee-owned enterprises across the United States. To achieve this goal, EOX is establishing and supporting a network of independent nonprofit state centers for employee ownership. By raising funds, some of which are granted to these nonprofit state centers, EOX assists in covering the start-up and ongoing costs associated with running these centers. Additionally, EOX provides services to each state center, sharing best practices in managing and operating a state center for employee ownership. The ultimate objective of EOX is to expand employee ownership nationwide, enhancing the economic opportunities and stability of businesses and their employees.

    Impact

    This information is meant to be a general summary of Employee Ownership Expansion Network. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    The impact of the Employee Ownership Expansion Network is significant in increasing the number of employee-owned enterprises across the United States. Through establishing and supporting a network of independent state centers for employee ownership, EOX is working to expand employee ownership throughout the country. By assisting employee ownership ambassadors/volunteers in opening individual nonprofit state employee ownership centers, providing grants for startup and ongoing costs, and offering services on best practices, EOX is making a tangible difference in promoting employee-owned businesses and empowering workers.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $55,787
  • Gross Receipts: $509,132

    • Assets and Liabilities:
  • Total Assets: $448,140
  • Total Liabilities: $369,880
  • Net Assets: $78,260
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    FEE FOR SERVICES

    Revenue

    $50,837

    TRAINING MATERIALS

    Revenue

    $4,950

    Organization Details

    Founding Year

    2018

    Principal Officer

    Steve Storkan

    Main Address

    1405 S FERN STREET BOX 534, ARLINGTON, VA, 22202

    NTEE Category

    Code: J11 - Employment

    If you are a representative of Employee Ownership Expansion Network and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.