Education Equal Opportunity Group, Inc./EEOG
Fiscal Year
Fiscal Year Start
01/01/2023
Fiscal Year End
12/31/2023
Projected Revenue
$1,567,153.00
Projected Expenses
$1,192,000.00
Organizational Budgets and Other Documents
| 2023 EEOG Budget | 2023 |
| EEOG Budget | 2022 |
| EEOG Budget | 2021 |
| EEOG 2020 | 2020 |
| EEOG 2018 | 2018 |
| EEOG Budget 2017 | 2017 |
| EEOG Budget 2016 | 2016 |
| EEOG Budget 2011 | 2011 |
IRS Letter of Exemption
| education equal opportunity group, inc./eeog irs letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $110,519.00 | $89,584.00 | $134,399.00 |
| Total Expenses | $123,490.00 | $98,865.00 | $175,236.00 |
| Revenue Less Expenses | ($12,971.00) | ($9,281.00) | ($40,837.00) |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $55,000.00 | $60,000.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $5,000.00 | $0.00 | $0.00 |
| Government - Unspecified | $0.00 | $0.00 | $0.00 |
| Contributions, Gifts, and Grants | $50,519.00 | $29,481.00 | $134,399.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $278.00 | $0.00 | $0.00 |
| Investment Income, Net of Losses | $0.00 | $103.00 | $0.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $0.00 | $0.00 | $0.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $73,490.00 | $49,704.00 | $103,532.00 |
| Administration Expense | $50,000.00 | $33,897.00 | $71,704.00 |
| Fundraising Expense | $0.00 | $15,264.00 | $0.00 |
| Total Revenue/Total Expenses | 89% | 91% | 77% |
| Program Expense/Total Expenses | 60% | 50% | 59% |
| Fundraising Expense/Contributed Revenue | 0% | 15% | 0% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Foundations and corporations $55,000.00 | Foundations and Corporations $60,000.00 | Contributions, Gifts, and Grants $134,399.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $50,519.00 | Contributions, Gifts, and Grants $29,481.00 | $0.00 |
| Third Highest Funding Source & Dollar Amount | Program Revenue $278.00 | Investment Income $103.00 | $0.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $60,182.00 | $73,153.00 | $82,949.00 |
| Current Assets | $60,182.00 | $73,153.00 | $82,949.00 |
| Long-Term Liabilities | $119,485.00 | $0.00 | $120,000.00 |
| Current Liabilities | $0.00 | $119,485.00 | $0.00 |
| Total Net Assets | $-59,303.00 | $-46,332.00 | $-37,051.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2024
Solicitations Permit
Form 990s
Audit Documents
| Audited Financial Report | 2017 |
CEO/Executive Director/Board Comments
| The EEOG is fulfilling a critical community need. In Tennessee,one-third of public high school students' dropout of school and 50% of AfricanAmericans, Hispanics, and Native Americans fail to graduate. EEOG students have a 95% graduation rate and 86% graduate with honors.One of the most pernicious failing in education is the divergence in educational attainment between children of modest means and those with more money. Poor kids tend to lag behind while children of more advantaged parents do much better. EEOG's ability to address this disparity come from personal experience. The EEOG educationallecture/speaker series key element is to level the support provided to disadvantaged students to allow them to catch up - to reduce the achievement gap with their more advantaged peers. The overarching goal of the EEOG is to help create positive pathways to success for low income students from challenging backgrounds by exposing them to individuals and experiences that can help change the current trajectories many currently face. Since June 2001, the EEOG's core focus is to invest in student capital and create meaningful change to prevent high school dropouts for students receiving a public school education. Our mission is to inspire underprivileged students to become the future leaders of the world. EEOG is a 501(c)3nonprofit organization that creates positive pathways for low income studentsfrom challenging backgrounds to succeed. We execute this mission by exposing studentsto prominent individuals and experiences that will help change the trajectoriesthat many of them currently face. EEOG's core focus is to invest in studentcapital by creating meaningful change to prevent high school students fromdropping out. |
Foundation Staff Comments
| Financials taken from Form 990 EZ. 990 EZ was completed internally by Sylvia Johnson CPA PC. Comment provided by Nicole Rose 07/20/2023. |
