Entrepreneurs Organization Raleigh Durham
Nonprofit profile at a glance
- EIN
- 562120294
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020
- Location
- Durham, NC, USA
- Phone
- 9198184648
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Professional Societies, Associations
Reported finances
- Revenue
- $435,828
- Expenses
- $358,824
- Assets
- $316,402
- Liabilities
- $55,742
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- JOE TORRES (PRESIDENT ELECT)
- RONNIE CROWLEY (EXECUTIVE DIRECTOR)
People named in this filing
- KAREN ALBRGHT (GOVERNANCE CHAIR)
- JOE TORRES (PRESIDENT ELECT)
- WENDY CLARK (ACCELERATOR CHAIR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Entrepreneurs organization raleigh-durham is organized to support, educate, and encourage young entrepreneurs to succeed in building companies.
What it reported doing in 2024
The organization conducted entrepreneurial learning events, leadership-development training programs, and social networking events designed to educate, inspire and offer resources to entrepreneurs.
Operating model
- Revenue model
- Earned-program. 62% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 100
- Accountability: 73
- Sustainability: 55
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 63.9%; rating input score 64
- Program expense ratio: 77.6%; rating input score 78
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 94.1%; rating input score 94; 26th percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 17.7%; rating input score 71; 71st percentile among comparable filings
- Total-asset coverage ratio: 0.88; rating input score 37; 37th percentile among comparable filings
- Liabilities to assets ratio: 0.18; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 6.9% per year; rating input score 100; 61st percentile among comparable filings
- Revenue growth: 11.4% per year; rating input score 100; 76th percentile among comparable filings
- Asset growth: 13.6% per year; rating input score 100; 75th percentile among comparable filings
Details
- Where the money goes: 63.9% of revenue deployed · 77.6% of spending went to programs
- Governance: 16 of 17 board members independent · 3 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $278K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 14 of 15 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.