ASSOCIATION FOR ENTERPRISE OPPORTUNITY

EIN: 363834357 501(c)(3) Philanthropy & Grantmaking

WASHINGTON, DC

Total Revenue
$3,432,739
Total Expenses
$7,011,139
Total Assets
$5,271,289
Net Assets
$2,802,599
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
DC
Principal Officer
TANYA HUGHES
Phone
2026505580
Tax Period
2023-01-01 to 2023-12-31

ASSOCIATION FOR ENTERPRISE OPPORTUNITY, founded in 1991, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.4M in total revenue in fiscal year 2023. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $7.0M exceeded revenue, resulting in a 104% operating deficit.

Mission

AEO IS THE VOICE OF INNOVATION IN MICROBUSINESS AND MICROFINANCE IN THE UNITED STATES. AEO WORKS TO CHANGE THE WAY THAT CAPITAL AND SERVICES FLOW TO UNDERSERVED ENTREPRENEURS SO THAT THEY CAN CREATE JOBS AND OPPORTUNITIES FOR ALL.

Program Service Accomplishments

Program 1
Expenses: $3,746,796 Revenue: $114,077

INNOVATION INNOVATION AT THE ORGANIZATION IS A FACILITATED PROCESS FOR ENGAGING COHORTS OF DIVERSE STAKEHOLDERS AND CO-DESIGNING NEW SOLUTIONS AND PLATFORMS THAT DRIVE TRANSFORMATIONAL CHANGE. THE...

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INNOVATION INNOVATION AT THE ORGANIZATION IS A FACILITATED PROCESS FOR ENGAGING COHORTS OF DIVERSE STAKEHOLDERS AND CO-DESIGNING NEW SOLUTIONS AND PLATFORMS THAT DRIVE TRANSFORMATIONAL CHANGE. THE INNOVATION PROGRAM USES THE ORGANIZATION'S CORE COMPETENCIES TO GENERATE TRANSFORMATIONAL CHANGE. ITS GOAL IS TO BUILD A MORE ROBUST AND INCLUSIVE MARKETPLACE FOR UNDERSERVED MICROBUSINESS ENTREPRENEURS. THE ORGANIZATION BRINGS A SERIES OF UNIQUE COMPETENCIES TO INNOVATION: A SYSTEMIC UNDERSTANDING, A CAPACITY TO COLLABORATE AND PARTNER WITH A BROAD AND DIVERSE RANGE OF MARKET ACTORS - AN ENTREPRENEURIAL, RESOURCEFUL APPROACH.

Program 2
Expenses: $1,265,777 Revenue: $12,781

ENGAGEMENT COMMUNICATIONS POLICY THE ORGANIZATION IS LEADING SEVERAL INITIATIVES AROUND THE COUNTRY TO STRENGTHEN THE ORGANIZATION'S CAPACITY AND REACH TO UNDERSERVED ENTREPRENEURS. AEO HOSTS AN...

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ENGAGEMENT COMMUNICATIONS POLICY THE ORGANIZATION IS LEADING SEVERAL INITIATIVES AROUND THE COUNTRY TO STRENGTHEN THE ORGANIZATION'S CAPACITY AND REACH TO UNDERSERVED ENTREPRENEURS. AEO HOSTS AN ANNUAL NATIONAL CONFERENCE TO PROVIDE TRAINING AND NETWORKING OPPORTUNITIES TO ITS MEMBERS AND THE INDUSTRY. AEO PROMOTES NETWORKING AND INFORMATION SHARING AMONG ITS MEMBERS VIA VARIOUS COMMUNICATIONS VEHICLES, SUCH AS THE AEO VOICE, THE ORGANIZATION'S WEBSITE, AND ROUNDTABLE DISCUSSIONS.

Program 3
Expenses: $1,347,489

RESEARCH AND INSIGHTS THE ORGANIZATION'S RESEARCH PROVIDES TIMELY INFORMATION ON THE INDUSTRY, INCLUDING ANALYZING MICROBUSINESSES' ECONOMIC IMPACT AND NEEDS. RESEARCH PRODUCES NEW INSIGHTS THAT CAN...

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RESEARCH AND INSIGHTS THE ORGANIZATION'S RESEARCH PROVIDES TIMELY INFORMATION ON THE INDUSTRY, INCLUDING ANALYZING MICROBUSINESSES' ECONOMIC IMPACT AND NEEDS. RESEARCH PRODUCES NEW INSIGHTS THAT CAN ASSIST WITH RESOURCE ALLOCATION FOR FUNDERS, GUIDE ADVOCACY PRIORITIES, AND OFFER INDUSTRY SERVICE PROVIDERS AND LENDERS INFORMATION THAT CAN DEEPEN THEIR IMPACT. THE ORGANIZATION'S RESEARCH UTILIZES DATA FROM A VARIETY OF SOURCES TO PROVIDE ANALYSES TO ILLUSTRATE THE MICROBUSINESS LANDSCAPE. --- POLICY AND ADVOCACY POLICY AND ADVOCACY EFFORTS FOCUS ON THE NEEDS OF THE MICROBUSINESS INDUSTRY IN THE AREAS OF TRAINING AND TECHNICAL ASSISTANCE, ACCESS TO MARKETS, CREDIT ACCESS, AND ASSET DEVELOPMENT STRATEGIES. THE ORGANIZATION ADVOCATES FOR FEDERAL PROGRAMS AND POLICIES THAT INVEST IN MICROBUSINESSES AND UNDERSERVED ENTREPRENEURS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,967,635
Program Service Revenue $126,858
Investment Income $-661,754
Other Revenue $0
TOTAL REVENUE $3,432,739

Expense Breakdown

Grants Paid $1,669,375
Salaries & Benefits $1,737,885
Fundraising Expenses $323,364
Program Expenses $6,360,062
Other Expenses $3,603,879
TOTAL EXPENSES $7,011,139

Year-over-Year Comparison

2023 2022 Change
Revenue $3,432,739 $9,070,629 -0.6%
Expenses $7,011,139 $9,947,396 -0.3%
Net Income $-3,578,400 $-876,767 +3.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
21
Independent Members
21
Employees
19
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$449,266
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CONNIE EVANS PRESIDENT & 40.00
Officer
$326,999 $4,500 $331,499
MABELL FERNANDEZ INNOVATION D 40.00
Highest
$133,868 $32,614 $166,482
TANYA HUGHES INTERIM PRE 40.00
Officer
$108,176 $9,591 $117,767
BRIAN WILLIAMS VP, CHIEF TE 40.00
Highest
$162,832 $23,479 $186,311
USMAN AHMED MEMBER 1.00
Director
$0 $0 $0
DEDRICK ASANTE-MUHAMMED MEMBER 1.00
Director
$0 $0 $0
THERESA BEDEAU MEMBER 1.00
Director
$0 $0 $0
JOSHUA BRACKETT TREASURER 3.00
Officer Director
$0 $0 $0
TARA CAMPBELL MEMBER 1.00
Director
$0 $0 $0
GARY L CUNNINGHAM VICE CHAIR 1.00
Officer Director
$0 $0 $0
JENNY FLORES VICE CHAIR 1.00
Officer Director
$0 $0 $0
RON FONG SECRETARY 3.00
Officer Director
$0 $0 $0
MITCH JACOBS MEMBER 1.00
Director
$0 $0 $0
GUSTAVO LASALA MEMBER 1.00
Director
$0 $0 $0
JESSIE LEE MEMBER 1.00
Director
$0 $0 $0
INEZ LONG MEMBER 1.00
Director
$0 $0 $0
LENWOOD LONG MEMBER 1.00
Director
$0 $0 $0
CAROLINA MARTINEZ MEMBER 1.00
Director
$0 $0 $0
JOSE MARTINEZ MEMBER 1.00
Director
$0 $0 $0
INES POLONIUS CHAIR 3.00
Officer Director
$0 $0 $0
CHRIS WHEAT MEMBER 1.00
Director
$0 $0 $0
SHANE DOLGIN MEMBER 1.00
Director
$0 $0 $0
BYNA ELLIOTT MEMBER 1.00
Director
$0 $0 $0
COURTNEY ROBINSON MEMBER 1.00
Director
$0 $0 $0
JEN FAIGEL MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $3,432,739 $7,011,139 $5,271,289 $-3,578,400
2022 $9,070,629 $9,947,396 $8,594,260 $-876,767
2021 $13,346,284 $18,136,364 $11,965,213 $-4,790,080
2020 $14,089,731 $4,485,298 $18,525,328 $9,604,433
2019 $1,930,559 $2,774,285 $2,842,995 $-843,726
2018 $1,717,867 $2,836,777 $3,378,031 $-1,118,910
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