Civic Intelligence

Employee Ownership Expansion Network

990 • Fiscal year 2021 • EIN 83-2849677

Jul 01, 2020 to Jun 30, 2021 • Filed on May 13, 2022

1405 S Fern Street Box 534Arlington, VA 22202

(651) 319-1874

Siviq Scores

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

Liabilities / Assets

79th percentile

0.30x

Higher debt load relative to assets than 79% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

80th percentile

0.34x

Higher debt load relative to revenue than 80% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

62nd percentile

21%

Higher net margin than 62% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

94th percentile

$152,886

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 24.7% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

88th percentile

71%

Faster asset growth than 88% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

53rd percentile

17%

Faster revenue growth than 53% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$702,382

Up $291,858 (+71%) from 2020

Net Assets

Up

$492,807

Up $127,321 (+35%) from 2020

Liabilities

Up

$209,575

Up $164,537 (+365%) from 2020

Revenue

Up

$618,974

Up $88,224 (+17%) from 2020

Expenses

Up

$491,653

Up $167,979 (+52%) from 2020

Net Income

Down

$127,321

Down $79,755 (-39%) from 2020

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2019: $168,903Liabilities 2019: $10,493Net Assets 2019: $158,4102019Assets 2020: $410,524Liabilities 2020: $45,038Net Assets 2020: $365,4862020Assets 2021: $702,382Liabilities 2021: $209,575Net Assets 2021: $492,8072021Assets 2022: $448,140Liabilities 2022: $369,880Net Assets 2022: $78,2602022Assets 2023: $252,837Liabilities 2023: $387,603Net Assets 2023: -$134,7662023Assets 2024: $903,801Liabilities 2024: $414,261Net Assets 2024: $489,5402024

Highlighted filing

2021

Assets$702,382
Liabilities$209,575
Net Assets$492,807

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2019: $316,649Expenses 2019: $158,239Net Income 2019: $158,4102019Revenue 2020: $530,750Expenses 2020: $323,674Net Income 2020: $207,0762020Revenue 2021: $618,974Expenses 2021: $491,653Net Income 2021: $127,3212021Revenue 2022: $509,132Expenses 2022: $923,679Net Income 2022: -$414,5472022Revenue 2023: $652,823Expenses 2023: $865,849Net Income 2023: -$213,0262023Revenue 2024: $2,018,609Expenses 2024: $1,394,303Net Income 2024: $624,3062024

Highlighted filing

2021

Revenue$618,974
Expenses$491,653
Net Income$127,321
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 13, 2022
Return Version
2020v4.2
Gross Receipts
$618,974
Mission and Program Overview

Mission

The mission of the employee ownership 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.

To increase the number of employee-owned enterprises across the united states.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$410,476$619,382▲ $208,906
Pledges and Grants Receivable-$83,000-
Receivables From Officers Etc$48$0▼ $48
Total Assets$410,524$702,382▲ $291,858
Liabilities
Unsecured Notes Loans Payable$26,900$176,962▲ $150,062
Accounts Payable and Accrued Expenses$18,138$32,613▲ $14,475
Total Liabilities$45,038$209,575▲ $164,537
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$250,500▲ $250,500
Net Assets Without Donor Restrictions$365,486$242,307▼ $123,179
Total Net Assets Fund Balance$365,486$492,807▲ $127,321
Total Liabilities and Net Assets / Fund Balance$410,524$702,382▲ $291,858
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steve StorkanExecutive Director & SecreFT$111,175$41,711$152,886

Board Members and Trustees

NameTitle
Cecil UrsprungChairman of the Board & Tr
James SteikerBoard Member
Ken BakerBoard Member
Neil BrozenBoard Member
Tracy TillBoard Member
Daniel GoldsteinBoard Member (part Year)
Revenue and Support

Revenue Composition

Contributions and Grants
$618,974
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$592,074
Change in Net Assets
$127,321
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$222,529
Grants and Similar Amounts Paid$162,027
Other Expenses$94,182
Total Fundraising Expense$78,383
Professional Fundraising Fees$12,915

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$162,027--$162,027
Current Officers, Directors, Trustees, and Key Employees$111,363$10,606$10,606$132,575
Other Salaries and Wages$43,336--$43,336
Fees for Services Other$1,938$3,526$34,100$39,564
Other Employee Benefits$21,518--$21,518
Information Technology$6,444$3,231$6,338$16,013
Payroll Taxes$7,267$3,348$3,348$13,963
Fees for Services Professional Fundraising--$12,915$12,915
Pension Plan Contributions$11,137--$11,137
Fees for Services Accounting-$8,140$850$8,990
Travel$5,835$932$1,490$8,257
Advertising$477$198$6,440$7,115
Interest-$4,046-$4,046
Insurance-$3,989-$3,989
Office Expenses$2,465$997$211$3,673
Conferences and Meetings$20$175$1,104$1,299
Other Expenses-$255$981$1,236
Total Functional Expenses$373,827$39,443$78,383$491,653
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Texas Center for Employee OwnershipHouston, TX501(c)(3)Initial Grant for Startup Costs.$48,496
Georgia Center for Employee OwnershipAtlanta, GA501(c)(3)Initial Grant for Startup Costs.$43,158
Missouri Center for Employee OwnershipArlington, VA501(c)(3)Initial Grant for Startup Costs.$34,186
Tennessee Center for Employee OwnershipNashville, TN501(c)(3)Initial Grant for Startup Costs.$11,744
Connecticut Center for Employee OwnershipOld Lyme, CT501(c)(3)Initial Grant for Startup Costs.$7,434
Minnesota Center for Employee OwnershipMinneapolis, MN501(c)(3)Initial Grant for Startup Costs.$5,256
North Carolina Center for Employee OwnershipDurham, NC501(c)(3)Initial Grant for Startup Costs.-
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$12,915
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$48$0▼ $48
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The treasurer reviews a draft of form 990 and recommends approval to the board of directors. The board of directors receives and approves form 990.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is distributed and signed by the board of directors annually.

Form 990, Part VI, Section B, Line 15A

Compensation is periodically reviewed to ensure the organization operates in a manner consistent with the charitable purpose. These reviews include examining if compensation arrangements are reasonable, based on competent survey information, and the result of arm's length bargaining.

Form 990, Part VI, Section C, Line 19

All governing documents, financial statements, and organizing documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Employee Ownership Expansion Network
EIN
83-2849677
Phone
6513191874
Address
1405 S FERN STREET BOX 534, ARLINGTON, VA 22202

Signing Officer

Name
Steve Storkan
Title
Executive Director
Phone
6513191874
Signed
2022-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Storkan
Formed
2018
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
5
Employees
2
Volunteers
5

Preparer

Firm
Redpath and Company Ltd
Address
4810 WHITE BEAR PARKWAY, WHITE BEAR LAKE, MN 55110
Preparer
Ashley Rehn CPA
Phone
6514267000
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleI/RecipientTable/CashGrantAmt111744
IRS990ScheduleI/RecipientTable/CashGrantAmt248496
IRS990ScheduleI/RecipientTable/CashGrantAmt35256
IRS990ScheduleI/RecipientTable/CashGrantAmt47434
IRS990ScheduleI/RecipientTable/CashGrantAmt534186
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc5501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc6501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt40
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt50
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0N/A
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc1N/A
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc2N/A
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc3N/A
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc4N/A
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc5N/A
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc6N/A
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0INITIAL GRANT FOR STARTUP COSTS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1INITIAL GRANT FOR STARTUP COSTS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2INITIAL GRANT FOR STARTUP COSTS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3INITIAL GRANT FOR STARTUP COSTS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4INITIAL GRANT FOR STARTUP COSTS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5INITIAL GRANT FOR STARTUP COSTS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6INITIAL GRANT FOR STARTUP COSTS.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0GEORGIA CENTER FOR EMPLOYEE OWNERSHIP
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1TENNESSEE CENTER FOR EMPLOYEE OWNERSHIP
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2TEXAS CENTER FOR EMPLOYEE OWNERSHIP
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3MINNESOTA CENTER FOR EMPLOYEE OWNERSHIP
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4CONNECTICUT CENTER FOR EMPLOYEE OWNERSHIP
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5MISSOURI CENTER FOR EMPLOYEE OWNERSHIP
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6NORTH CAROLINA CENTER FOR EMPLOYEE OWNERSHIP
IRS990ScheduleI/RecipientTable/RecipientEIN0843258667
IRS990ScheduleI/RecipientTable/RecipientEIN1850555018
IRS990ScheduleI/RecipientTable/RecipientEIN2853939927
IRS990ScheduleI/RecipientTable/RecipientEIN3844160755
IRS990ScheduleI/RecipientTable/RecipientEIN4999999999
IRS990ScheduleI/RecipientTable/RecipientEIN5853910160
IRS990ScheduleI/RecipientTable/RecipientEIN6841779855
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02387 BRADCLIFF DRIVE NE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11600 DIVISION ST STE 700
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt224 GREENWAY PLZ STE 1800
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt31805 3RD AVENUE S 301
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt486 FLAT ROCK HILL RD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt51405 S FERN ST BOX 534
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt6PO BOX 1048
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ATLANTA
IRS990ScheduleI/RecipientTable/USAddress/CityNm1NASHVILLE
IRS990ScheduleI/RecipientTable/USAddress/CityNm2HOUSTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm3MINNEAPOLIS
IRS990ScheduleI/RecipientTable/USAddress/CityNm4OLD LYME
IRS990ScheduleI/RecipientTable/USAddress/CityNm5ARLINGTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm6DURHAM
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0GA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1TN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3MN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4CT
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd6NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd030345
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd137203
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd277046
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd355404
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd406371
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd522202
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd627702
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0N/A
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1N/A
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc2N/A
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc3N/A
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc4N/A
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc5N/A
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc6N/A
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0PRIOR TO EACH EOX BOARD MEETING EACH STATE CENTER WILL BE REQUIRED TO SUBMIT A WRITTEN REPORT OF THEIR RECENT ACTIVITIES AS WELL AS AN ACCOUNTING UPDATE ON HOW THE GRANT FUNDS WERE USED. DURING THE INITIAL YEARS OF THE EXISTENCE OF EACH STATE CENTER, EOX WILL REQUEST A SEAT ON THE BOARD OF DIRECTORS OF THE STATE CENTER AS ANOTHER WAY TO ENSURE THE MISSION OF EOX AND ITS INTENDED EXEMPT ACTIVITY ARE BEING FOLLOWED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt07
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0111175
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount014000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt010167
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt017544
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0STEVE STORKAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR & SECRE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0152886
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TREASURER REVIEWS A DRAFT OF FORM 990 AND RECOMMENDS APPROVAL TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS RECEIVES AND APPROVES FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED AND SIGNED BY THE BOARD OF DIRECTORS ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS PERIODICALLY REVIEWED TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH THE CHARITABLE PURPOSE. THESE REVIEWS INCLUDE EXAMINING IF COMPENSATION ARRANGEMENTS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND ORGANIZING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/StatesWhereCopyOfReturnIsFldCd1PA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00

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