Civic Intelligence

Entrepreneurs' Organization Southeast Virginia

990 • Fiscal year 2023 • EIN 54-2155712

Jul 01, 2022 to Jun 30, 2023 • Filed on Sep 25, 2023

P O Box 6212Virginia Beach, VA 23456

(757) 468-5440

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

59th percentile

0.00x

Higher debt load relative to assets than 59% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

Higher debt load relative to revenue than 59% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

37th percentile

-2.4%

Higher net margin than 37% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

98th percentile

$92,731

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 27.5% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

42nd percentile

-2.6%

Faster asset growth than 42% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

44th percentile

-0.3%

Faster revenue growth than 44% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$305,899

Down $8,029 (-2.6%) from 2022

Net Assets

Down

$305,827

Down $7,999 (-2.5%) from 2022

Liabilities

Down

$72

Down $30 (-29%) from 2022

Revenue

Down

$336,767

Down $1,056 (-0.3%) from 2022

Expenses

Up

$344,766

Up $2,793 (+0.8%) from 2022

Net Income

Down

-$7,999

Down $3,849 (-93%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2011: $48,457Liabilities 2011: $0Net Assets 2011: $48,4572011Assets 2012: $21,549Liabilities 2012: $0Net Assets 2012: $21,5492012Assets 2013: $41,887Liabilities 2013: $0Net Assets 2013: $41,8872013Assets 2014: $14,965Liabilities 2014: $10,000Net Assets 2014: $4,9652014Assets 2015: $39,826Net Assets 2015: $39,8262015Assets 2016: $65,193Net Assets 2016: $65,1932016Assets 2017: $1,400Net Assets 2017: $1,4002017Assets 2018: $55,044Net Assets 2018: $55,0442018Assets 2019: $141,719Liabilities 2019: $0Net Assets 2019: $141,7192019Assets 2020: $242,706Liabilities 2020: $177,472Net Assets 2020: $65,2342020Assets 2021: $318,063Liabilities 2021: $209,347Net Assets 2021: $108,7162021Assets 2022: $313,928Liabilities 2022: $102Net Assets 2022: $313,8262022Assets 2023: $305,899Liabilities 2023: $72Net Assets 2023: $305,8272023Assets 2024: $323,831Liabilities 2024: $70Net Assets 2024: $323,7612024Assets 2025: $295,687Liabilities 2025: $2,406Net Assets 2025: $293,2812025

Highlighted filing

2023

Assets$305,899
Liabilities$72
Net Assets$305,827

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2011: $89,399Expenses 2011: $88,545Net Income 2011: $8542011Revenue 2012: $50,652Expenses 2012: $77,560Net Income 2012: -$26,9082012Revenue 2013: $107,665Expenses 2013: $87,327Net Income 2013: $20,3382013Revenue 2014: $87,649Expenses 2014: $124,571Net Income 2014: -$36,9222014Revenue 2015: $182,178Expenses 2015: $147,317Net Income 2015: $34,8612015Revenue 2016: $149,813Expenses 2016: $124,449Net Income 2016: $25,3642016Revenue 2017: $70,325Expenses 2017: $134,118Net Income 2017: -$63,7932017Revenue 2018: $168,139Expenses 2018: $114,495Net Income 2018: $53,6442018Revenue 2019: $246,126Expenses 2019: $159,451Net Income 2019: $86,6752019Revenue 2020: $105,824Expenses 2020: $182,309Net Income 2020: -$76,4852020Revenue 2021: $293,776Expenses 2021: $250,294Net Income 2021: $43,4822021Revenue 2022: $337,823Expenses 2022: $341,973Net Income 2022: -$4,1502022Revenue 2023: $336,767Expenses 2023: $344,766Net Income 2023: -$7,9992023Revenue 2024: $376,669Expenses 2024: $358,735Net Income 2024: $17,9342024Revenue 2025: $341,655Expenses 2025: $372,135Net Income 2025: -$30,4802025

Highlighted filing

2023

Revenue$336,767
Expenses$344,766
Net Income-$7,999
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Sep 25, 2023
Return Version
2022v5.0
Gross Receipts
$336,767
Mission and Program Overview

Mission

The organizations' primary purpose is to provide education to entrepreneurs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$308,908$305,899▼ $3,009
Total Assets$313,928$305,899▼ $8,029
Other Assets Total$5,020--
Liabilities
Accounts Payable and Accrued Expenses$102$72▼ $30
Total Liabilities$102$72▼ $30
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$313,826$305,827▼ $7,999
Total Net Assets Fund Balance$313,826$305,827▼ $7,999
Total Liabilities and Net Assets / Fund Balance$313,928$305,899▼ $8,029
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Christina TateExecutive DiFT$92,731$92,731

Board Members and Trustees

NameTitle
Kevin WalshForum Chair
Lee SheridanGsea Chair
Ali AfonjaMyeo Chair
Lori SpinatoSap Chair
John FinguerraSap Co-chair
Bethany WhiteSocial Chair
Eugene ThompsonPresident
Danny MaxwellPresident- E
Rod HobbsAccelerator
Jay ProckCommunicatio
Hollie BradleyExternal Eng
Theresa CeniccolaExternal Eng
Marion LongFinance Chai
Todd PretiForum Co-CHA
Dennis JanuchowskiLearning CHA
Brad ScottMember Eng C
Ed SheaMember Eng C
Tony DisilvestroMembership C
Trish ScelfoSocial Co-ch
Revenue and Support

Revenue Composition

Contributions and Grants
$64,608
Program Service Revenue
$271,109
Investment Income
$0
Other Revenue
$1,050
All Other Contributions
$64,608
Change in Net Assets
$-7,999

Audited Revenue Reconciliation

Revenue per Audited Statements
$336,767
Total Revenue per Audited Statements
$336,767
Total Revenue per Form 990
$336,767
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$241,353
Salaries, Compensation, and Employee Benefits$103,413
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$105,623--$105,623
Current Officers, Directors, Trustees, and Key Employees$92,731--$92,731
Advertising$39,933--$39,933
All Other Expenses$17,977$3,649-$21,626
Office Expenses$15,567--$15,567
Payroll Taxes$7,682--$7,682
Fees for Services Accounting$6,000--$6,000
Other Expenses$26,544$5,980-$5,980
Other Employee Benefits$3,000--$3,000
Insurance-$1,851-$1,851
Fees for Services Legal$50--$50
Total Functional Expenses$315,107$29,659$0$344,766

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$344,766
Total Expenses per Audited Statements$344,766
Total Expenses per Form 990$344,766
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

ONE CLASS OF MEMBERS

Form 990, Page 6, Part VI, Line 7A

Candidates submit mission statement and operational plan, executive board meets, reviews and selects next president. President, past president and president elect meet and assemble remaining slate of officers. Slate is sent to membership for approval.

Form 990, Page 6, Part VI, Line 11B

Executive board reviews and approves the tax return.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
ENTREPRENEURS' ORGANIZATION
EIN
54-2155712
Phone
7574685440
Address
P O BOX 6212, VIRGINIA BEACH, VA 23456

Signing Officer

Name
Eugene Thompson
Title
President
Phone
7574993510
Signed
2023-09-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eugene Thompson
Formed
2004
Legal Domicile
Va
Voting Board Members
19
Independent Board Members
19
Employees
1

Preparer

Firm
Jones CPA Group Pc
Address
100 CONSTITUTION DRIVE SUITE 200, VIRGINIA BEACH, VA 23462
Preparer
Henry T Petersen CPA
Phone
7576314760
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

SEE ABOVE

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IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05020
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt03000
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03000
IRS990/OtherExpensesGrp/Desc0NERVE REGIONAL FUND
IRS990/OtherExpensesGrp/Desc1END OF YEAR PARTY
IRS990/OtherExpensesGrp/Desc2MONTHLY BOARD MEETINGS
IRS990/OtherExpensesGrp/Desc3CHAPTER EVENT EXP - GSEA
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09699
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18480
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt25980
IRS990/OtherExpensesGrp/ProgramServicesAmt026544
IRS990/OtherExpensesGrp/TotalAmt026544
IRS990/OtherExpensesGrp/TotalAmt19699
IRS990/OtherExpensesGrp/TotalAmt28480
IRS990/OtherExpensesGrp/TotalAmt35980
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01050
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01050
IRS990/OtherRevenueTotalAmt01050
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt07682
IRS990/PayrollTaxesGrp/TotalAmt07682
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0EUGENE THOMPSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1LEARNING EVENTS
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IRS990/ProgramServiceRevenueGrp/ExclusionAmt135811
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0235298
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt135811
IRS990/ProgSrvcAccomActy2Grp/Desc0EVENTS ORGANIZED TO EDUCATE MEMBERSHIP ON A WIDE VARIETY OF TOPICS AFFECTING THEIR BUSINESSES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt073001
IRS990/ProgSrvcAccomActyOtherGrp/Desc0SEE ABOVE
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0209484
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt066070
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0250529
IRS990/PYOtherRevenueAmt0400
IRS990/PYProgramServiceRevenueAmt0271353
IRS990/PYRevenuesLessExpensesAmt0-4150
IRS990/PYSalariesCompEmpBnftPaidAmt091444
IRS990/PYTotalExpensesAmt0341973
IRS990/PYTotalRevenueAmt0337823
IRS990/ReconcilationRevenueExpnssAmt0-7999
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0271109
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt064608
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt066070
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt077350
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0101674
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0142085
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0451787
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01050
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0400
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt015606
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt017056
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt0271109
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt0271353
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt0200820
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt04150
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt0104041
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0851473
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt01320316
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0336767
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0337823
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0293776
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0105824
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0246126
IRS990ScheduleA/Total509Grp/TotalAmt01320316
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0336767
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0337823
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0293776
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0105824
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0246126
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01320316
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IRS990ScheduleD/ExpensesSubtotalAmt0344766
IRS990ScheduleD/RevenueSubtotalAmt0336767
IRS990ScheduleD/TotalExpensesPerForm990Amt0344766
IRS990ScheduleD/TotalRevenuePerForm990Amt0336767
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0336767
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0344766
IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SEE ABOVE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ONE CLASS OF MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CANDIDATES SUBMIT MISSION STATEMENT AND OPERATIONAL PLAN, EXECUTIVE BOARD MEETS, REVIEWS AND SELECTS NEXT PRESIDENT. PRESIDENT, PAST PRESIDENT AND PRESIDENT ELECT MEET AND ASSEMBLE REMAINING SLATE OF OFFICERS. SLATE IS SENT TO MEMBERSHIP FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXECUTIVE BOARD REVIEWS AND APPROVES THE TAX RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0313928
IRS990/TotalAssetsEOYAmt0305899
IRS990/TotalAssetsGrp/BOYAmt0313928
IRS990/TotalAssetsGrp/EOYAmt0305899
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt064608
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt029659
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0315107
IRS990/TotalFunctionalExpensesGrp/TotalAmt0344766
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0102
IRS990/TotalLiabilitiesEOYAmt072
IRS990/TotalLiabilitiesGrp/BOYAmt0102
IRS990/TotalLiabilitiesGrp/EOYAmt072
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0313826
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0305827
IRS990/TotalOtherProgSrvcExpenseAmt0209484
IRS990/TotalProgramServiceExpensesAmt0315107
IRS990/TotalProgramServiceRevenueAmt0271109
IRS990/TotalReportableCompFromOrgAmt092731
IRS990/TotalRevenueGrp/ExclusionAmt0271109
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01050

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.96$0.02$2.93$3.42$3.72$0.30
2024Detailed filing. Detailed filing data is available for this year.$3.24$0.00$3.24$3.77$3.59$0.18
2023Detailed filing. Detailed filing data is available for this year.$3.06$0.00$3.06$3.37$3.45$0.08
2022Detailed filing. Detailed filing data is available for this year.$3.14$0.00$3.14$3.38$3.42$0.04
2021Detailed filing. Detailed filing data is available for this year.$3.18$2.09$1.09$2.94$2.50$0.43
2020Detailed filing. Detailed filing data is available for this year.$2.43$1.77$0.65$1.06$1.82$0.76
2019Detailed filing. Detailed filing data is available for this year.$1.42$0.00$1.42$2.46$1.59$0.87
2018Detailed filing. Detailed filing data is available for this year.$0.55$0.55$1.68$1.14$0.54
2017Detailed filing. Detailed filing data is available for this year.$0.01$0.01$0.70$1.34$0.64
2016Detailed filing. Detailed filing data is available for this year.$0.65$0.65$1.50$1.24$0.25
2015Detailed filing. Detailed filing data is available for this year.$0.40$0.40$1.82$1.47$0.35
2014Detailed filing. Detailed filing data is available for this year.$0.15$0.10$0.05$0.88$1.25$0.37
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.00$0.42$1.08$0.87$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.00$0.22$0.51$0.78$0.27
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.48$0.00$0.48$0.89$0.89$0.01
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2023 filings • 501(c)3 • <$500k nonprofits