EO COMPANIES

EIN: 540718860 501(c)(3) Philanthropy & Grantmaking

ABINGDON, VA

Total Revenue
$28,944,114
Total Expenses
$15,174,736
Total Assets
$32,165,614
Net Assets
$24,943,009
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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
VA
Principal Officer
TRAVIS STATON
Phone
2765250122
Tax Period
2023-07-01 to 2024-06-30

EO COMPANIES, founded in 1968, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $28.9M in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $13.8M, a strong 48% operating margin.

Mission

OUR MISSION IS TO RESEARCH, PILOT, AND SCALE BIG IDEAS INTO SOLUTIONS THAT INCREASE QUALITY OF LIFE. OUR FOCUS INCLUDES EARLY CHILDHOOD CARE AND EDUCATION, WORKFORCE INNOVATION, AND THRIVING AND ENGAGED COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $10,596,051

EARLY CHILDHOOD CARE AND EDUCATION- WE SUPPORT HIGH-QUALITY LEARNING EXPERIENCES AND A RESILIENT AND SUSTAINABLE CHILDCARE SYSTEM. BY AGE FIVE, 90% OF BRAIN DEVELOPMENT HAS OCCURRED, AND ACCESS TO...

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EARLY CHILDHOOD CARE AND EDUCATION- WE SUPPORT HIGH-QUALITY LEARNING EXPERIENCES AND A RESILIENT AND SUSTAINABLE CHILDCARE SYSTEM. BY AGE FIVE, 90% OF BRAIN DEVELOPMENT HAS OCCURRED, AND ACCESS TO RELIABLE CHILDCARE AND EDUCATION INCREASES WORKFORCE PARTICIPATION RATES.1,000 OBSERVATIONS WERE CONDUCTED IN CHILDCARE CENTERS TO SUPPORT QUALITY IN CLASSROOMS.87,000 SQUARE FEET FACILITY RENOVATED TO SERVE 300 CHILDCARE SLOTS.NEARLY 200 NEW EARLY CHILDCARE EDUCATORS TRAINED.54 CHILDCARE PROVIDERS ENROLLED IN OUR SHARED SERVICES ALLIANCE THAT PROVIDED OVER 200 HOURS OF ASSISTANCE. MORE THAN 1,000 DEVELOPMENTAL SCREENINGS COMPLETED

Program 2
Expenses: $1,957,311

WORKFORCE INNOVATION - WE HELP PEOPLE DISCOVER, LEARN, AND DO THE JOBS OF TOMORROW. BY CONNECTING CAREER DISCOVERY, SKILL DEVELOPMENT, AND REGIONAL EMPLOYERS, WE SUPPORT A PREPARED WORKFORCE AND...

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WORKFORCE INNOVATION - WE HELP PEOPLE DISCOVER, LEARN, AND DO THE JOBS OF TOMORROW. BY CONNECTING CAREER DISCOVERY, SKILL DEVELOPMENT, AND REGIONAL EMPLOYERS, WE SUPPORT A PREPARED WORKFORCE AND PROSPEROUS ECONOMY. 87,000 SQUARE FEET FACILITY RENOVATED TO INCLUDE A CAREER EXPLORATION CENTER CALLED CAREER COMMONS TO SERVE OVER 30,000 STUDENTS ANNUALLY, INCLUDING 2,229 7TH GRADERS THAT EXPLORED THE CENTER WITH THE HELP OF 49 VOLUNTEERS.

Program 3
Expenses: $1,113,009

THRIVING AND ENGAGED COMMUNITIES- WE ENGAGE OUR COMMUNITY THROUGH COLLECTIVE ACTION. WE BRING PEOPLE, ORGANIZATIONS, COMMUNITY DATA, AND RESOURCES TOGETHER TO SOLVE SOME OF OUR MOST COMPLEX...

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THRIVING AND ENGAGED COMMUNITIES- WE ENGAGE OUR COMMUNITY THROUGH COLLECTIVE ACTION. WE BRING PEOPLE, ORGANIZATIONS, COMMUNITY DATA, AND RESOURCES TOGETHER TO SOLVE SOME OF OUR MOST COMPLEX CHALLENGES. THROUGH THE SUPPORT OF EO'S PROGRAMS AND INITIATIVES, FAMILIES CAN OBTAIN HIGH QUALITY EARLY LEARNING EXPERIENCE AT NO COST.

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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 $25,013,326
Program Service Revenue $0
Investment Income $163,845
Other Revenue $3,766,943
TOTAL REVENUE $28,944,114

Expense Breakdown

Grants Paid $7,694,853
Salaries & Benefits $2,982,763
Fundraising Expenses $479,669
Program Expenses $14,260,375
Other Expenses $4,497,120
TOTAL EXPENSES $15,174,736

Year-over-Year Comparison

2023 2022 Change
Revenue $28,944,114 $17,858,716 +0.6%
Expenses $15,174,736 $9,450,907 +0.6%
Net Income $13,769,378 $8,407,809 +0.6%
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
20
Independent Members
20
Employees
49
Volunteers
500

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
6
$224,221
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRENDAN MCSHEEHY DIRECTOR- CHAIR 1.00
Officer Director
$0 $0 $0
KRIS WESTOVER DIRECTOR- VICE- CHAIR 1.00
Officer Director
$0 $0 $0
CAMERON BELL DIRECTOR- SECRETARY 1.00
Officer Director
$0 $0 $0
ALAN JONES DIRECTOR- TREASURER 1.00
Officer Director
$0 $0 $0
CHUCK SLEMP DIRECTOR 1.00
Director
$0 $0 $0
RICK NUNLEY DIRECTOR 1.00
Director
$0 $0 $0
STACEY ELY DIRECTOR 1.00
Director
$0 $0 $0
TODD ASBURY DIRECTOR 1.00
Director
$0 $0 $0
HASKEL BLEDSOE DIRECTOR 1.00
Director
$0 $0 $0
KALEN HUNTER DIRECTOR 1.00
Director
$0 $0 $0
AJ ROBINSON DIRECTOR 1.00
Director
$0 $0 $0
ANDRE RICHMOND DIRECTOR 1.00
Director
$0 $0 $0
DONNA HENRY DIRECTOR 1.00
Director
$0 $0 $0
DENNIS CARTER DIRECTOR 1.00
Director
$0 $0 $0
JONATHAN SWEET DIRECTOR 1.00
Director
$0 $0 $0
WHITNEY CZELUSNIAK DIRECTOR 1.00
Director
$0 $0 $0
CHAD WHITTINGTON DIRECTOR 1.00
Director
$0 $0 $0
HEATHER NICHOLSON DIRECTOR 1.00
Director
$0 $0 $0
PAULA DAWSON-DOWNS DIRECTOR 1.00
Director
$0 $0 $0
LUCY HOCHSTEIN DIRECTOR 1.00
Director
$0 $0 $0
TRAVIS STATON CEO 50.00
Officer
$141,479 $0 $141,479
MARK SEAMON VICE PRESIDENT OF FINANCE 40.00
Officer
$82,742 $0 $82,742
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
2025 No data No data No data No data
2024 $28,944,114 $15,174,736 $32,165,614 $13,769,378
2023 $17,985,714 $9,489,683 $18,842,319 $8,496,031
2023 $17,857,716 $9,450,907 $18,770,963 $8,406,809
2021 $4,536,393 $4,787,745 $2,938,004 $-251,352
2020 $4,389,944 $3,910,639 $3,184,981 $479,305
2019 $2,536,435 $2,631,255 $2,764,649 $-94,820
2018 $2,945,211 $3,050,356 $2,900,972 $-105,145
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