ENTREPRENEURSHIP EDUCATION CONSORTIUM INC

EIN: 510625578 501(c)(3)

CLEVELAND, OH

Total Revenue
$113,001
Total Expenses
$373,479
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
OH
Principal Officer
COLETTE HART
Phone
2168759715
Tax Period
2024-01-01 to 2024-08-14

ENTREPRENEURSHIP EDUCATION CONSORTIUM INC, founded in 2007, is a small nonprofit that reported $113K in total revenue in fiscal year 2023. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $373K exceeded revenue, resulting in a 231% operating deficit.

Mission

TO CULTIVATE AN ENTREPRENEURIAL MINDSET, CREATE PRACTICAL EXPERIENCES, AND CONNECT STUDENTS TO OPPORTUNITIES THAT ADVANCE THEM PERSONALLY AND PROFESSIONALLY.

Program Service Accomplishments

Program 1
Expenses: $329,746

ENTREPRENEURSHIP EDUCATION CONSORTIUM (EEC) IS THE CONNECTIVE TISSUE FOR THE REGION'S RICH COLLEGIATE ENTREPRENEURSHIP ASSETS, ATTRACTING STUDENTS TO NORTHEAST OHIO AND KEEPING THEM HERE BY PROVIDING...

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ENTREPRENEURSHIP EDUCATION CONSORTIUM (EEC) IS THE CONNECTIVE TISSUE FOR THE REGION'S RICH COLLEGIATE ENTREPRENEURSHIP ASSETS, ATTRACTING STUDENTS TO NORTHEAST OHIO AND KEEPING THEM HERE BY PROVIDING SEAMLESS ACCESS TO THE BEST OPPORTUNITIES TO DEVELOP THEIR ENTREPRENEURIAL MINDSET AND LAUNCH VENTURES. EEC IS A MEMBERSHIP-BASED NETWORK OF THIRTEEN HIGHER EDUCATION INSTITUTIONS IN NORTHEAST OHIO THAT POOL RESOURCES TO PROVIDE INTER-CAMPUS ENTREPRENEURSHIP PROGRAMS TO COLLEGE STUDENTS. EEC HAS BEEN SUCCESSFULLY IMPLEMENTING HANDS-ON EXTRACURRICULAR ENTREPRENEURSHIP PROGRAMS AND EDUCATIONAL SESSIONS FOR MORE THAN A DECADE. CURRENT EDUCATIONAL PROGRAMMING INCLUDES TECH SIDE HUSTLE, TECH INTERNSHIPS, MICRO-CREDENTIAL OPPORTUNITIES, FACULTY PEER-TO-PEER LEARNING, AND THE ANNUAL IDEALABS COMPETITION. THE ORGANIZATION IS PURSUING A STRATEGY INTENDED TO SERVE THE TALENT NEEDS OF BOTH THE STARTUP AND BUSINESS COMMUNITIES BY CREATING A PIPELINE OF GRADUATES STEEPED IN THE ENTREPRENEURIAL MINDSET. EEC IS DEDICATED TO BECOMING A KEY CONTRIBUTOR TO NORTHEAST OHIO'S TALENT PIPELINE, HELPING DIVERSE STUDENTS GAIN TECHNICAL AND WORK EXPERIENCE THAT WILL POSITION THEM TO BECOME INNOVATORS AND ENTREPRENEURIAL THINKERS FOR NEW AND GROWING VENTURES. EEC'S WORK IS MADE POSSIBLE THROUGH THE VISION AND INITIATIVE OF THE EEC TEAM, FINANCIAL SUPPORT FROM THE COMMUNITY, AND THE STRATEGIC PARTNERSHIPS THE ORGANIZATION IS BUILDING ACROSS THE NORTHEAST OHIO REGION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $108,591
Program Service Revenue $0
Investment Income $4,410
Other Revenue $0
TOTAL REVENUE $113,001

Expense Breakdown

Grants Paid $233,399
Salaries & Benefits $26,711
Fundraising Expenses $6,678
Program Expenses $329,746
Other Expenses $113,369
TOTAL EXPENSES $373,479

Year-over-Year Comparison

2023 2022 Change
Revenue $113,001 $298,536 -0.6%
Expenses $373,479 $289,621 +0.3%
Net Income $-260,478 $8,915 -30.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
N/A
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
5
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER APICELLA DIRECTOR 1.00
Director
$0 $0 $0
SAM BRENNER DIRECTOR 1.00
Director
$0 $0 $0
ALYSHA ELLIS DIRECTOR 1.00
Director
$0 $0 $0
COLETTE HART PRESIDENT 1.00
Officer Director
$0 $0 $0
LORI LONG SECRETARY 1.00
Officer Director
$0 $0 $0
MIKE MACZUZAK DIRECTOR 1.00
Director
$0 $0 $0
GREG MALKIN DIRECTOR 1.00
Director
$0 $0 $0
MELANIE MALONEY VICE PRESIDE 1.00
Officer Director
$0 $0 $0
MATTHEW POYLE DIRECTOR 1.00
Director
$0 $0 $0
BOB SOPKO DIRECTOR 1.00
Director
$0 $0 $0
DEBORAH VESY TREASURER 1.00
Officer Director
$0 $0 $0
DEBORAH HOOVER CEO 20.00
Officer
$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 $113,001 $373,479 No data $-260,478
2023 $298,536 $289,621 $348,766 $8,915
2022 $238,710 $156,314 $258,859 $82,396
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