NonprofitsAssociation For Enterprise Opportunity Inc

Philanthropy, Voluntarism & Grantmaking Foundations

Association For Enterprise Opportunity Inc

WASHINGTON, DC

Total revenue

$2.4M

Total expenses

$2.8M

Net assets

$2.3M

Grants received

$7.2M

35 grants

EIN

363834357

Tax year

2024

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.

Programs

3 programs

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.

Expenses: $429K

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.

Expenses: $896K

Black innovation alliance black innovation alliance is a coalition of like-minded black-led and black-serving companies and organizations working to ensure black ownership is increasing through fair participation in the innovation economy. --- the aeo regional councils are action-oriented initiatives designed to address region-specific challenges through in-person convenings, webinars, and strategic partnerships. Key topics are covered such as access to capital, policy advocacy, and digital transformation. The councils will also form partnerships with government agencies, private enterprises, and nonprofits, providing small businesses with essential tools and networks.

Expenses: $18K

Financials

FY 2024

Revenue

Contributions & grants$2.2M
Program service revenue$31K
Investment income$130K
Other revenue
Total revenue$2.4M

Expenses

Grants paid$21K
Salaries & benefits$1.2M
Fundraising$137K
Other expenses$1.6M
Total expenses$2.8M
Total assets$2.9M
Net assets$2.3M

People

16 listed

NameRoleCompensation

NATALIE COFIELD

PRESIDENT &

Board

$258K

40 hrs/wk

EBONY SUNALA JOHNSON

MEMBER

Board

1 hrs/wk

CHRISTOPHER R UPPERMAN

MEMBER

Board

1 hrs/wk

THERESA BEDEAU

MEMBER

Board

1 hrs/wk

JOSE MARTINEZ

TREASURER

Board

3 hrs/wk

RON FONG

SECRETARY

Board

3 hrs/wk

MITCH JACOBS

MEMBER

Board

1 hrs/wk

TYLER SPALDING

MEMBER

Board

1 hrs/wk

JESSIE LEE

MEMBER

Board

1 hrs/wk

JANAYE INGRAM

MEMBER

Board

1 hrs/wk

LENWOOD LONG

MEMBER

Board

1 hrs/wk

CAROLINA MARTINEZ

MEMBER

Board

1 hrs/wk

IRMA ESPARZA DIGGS

MEMBER

Board

1 hrs/wk

INES POLONIUS

MEMBER

Board

1 hrs/wk

CHRIS WHEAT

MEMBER

Board

1 hrs/wk

MABELL FERNANDEZ

INNOVATION D

Staff

$118K

40 hrs/wk

Independent contractors

MAULDIN JENKINS

ACCOUNTING

$105K

PRISM STRATEGY INC

CONSULTING

$102K

Grants received

Showing 35 of 35

FromAmountPurposeYear
$101K
Grant Sub-Award
2024
$200K
EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT
2023
$100K
THIS GRANT WILL HELP GROW AEOS RESEARCH ENGINE AND CAPABILITIES, GENERATE A GREATER UNDERSTANDING OF HOW BUSINESS OWNERSHIP CAN SERVE AS A CRITICAL DRIVER FOR SOCIAL AND ECONOMIC MOBILITY AMONGST DIVERSE AND UNDERSERVED PEOPLE AND COMMUNITIES, AND DIRECTLY AND INDIRECTLY CONTRIBUTE TO THE MOBILITY PROCESS.
2023
$30K
GENERAL SUPPORT
2023
$384K
EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT
2022
$384K
EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT
2022
$350K
SMALL BUSINESS
2022
$333K
enable the organization to achieve its mission of closing the racial wealth gap and resolving critical economic challenges faced by microenterprise businesses by providing general operating support
2022
$300K
Community Development
2022
$250K
THIS GRANT WILL HELP GROW AEOS RESEARCH ENGINE AND CAPABILITIES, GENERATE A GREATER UNDERSTANDING OF HOW BUSINESS OWNERSHIP CAN SERVE AS A CRITICAL DRIVER FOR SOCIAL AND ECONOMIC MOBILITY AMONGST DIVERSE AND UNDERSERVED PEOPLE AND COMMUNITIES, AND DIRECTLY AND INDIRECTLY CONTRIBUTE TO THE MOBILITY PROCESS.
2022
$200K
General Support
2022
$5K
For grant recipient's exempt purposes
2022
$5K
UNRESTRICTED GENERAL SUPPORT
2022
$333K
enable the organization to achieve its mission of closing the racial wealth gap and resolving critical economic challenges faced by microenterprise businesses by providing general operating support
2021
$300K
General Support
2021
$100K
PUBLIC, SOCIETAL BENEFIT
2021
$10K
GENERAL SUPPORT
2021
$500K
FINANCIAL SECURITY / SMES
2020
$333K
enable the organization to achieve its mission of closing the racial wealth gap and resolving critical economic challenges faced by microenterprise businesses by providing general operating support
2020
$125K
THIS GRANT WILL PROVIDE SUPPORT TO THE ASSOCIATION FOR ENTERPRISE OPPORTUNITY (AEO) TO CONDUCT RESEARCH AND DEVELOP FINANCIAL PRODUCTS THAT CAN BETTER SUPPORT UNDERSERVED ENTREPRENEURS TOWARDS IMPROVED SOCIAL AND ECONOMIC MOBILITY.
2020
$40K
Support for the virtual, Resilient: Small Business Strengthening Local Economies conference, May 23-26, 2020. 202001-7859
2020
$1K
GENERAL OPERATING SUPPORT
2020
$250
FOR GENERAL PURPOSES
2020
$661K
launch a trusted technical assistance program to help Black-owned small businesses grow and create jobs in low income communities using scalable and technology-centric solutions
2019
$500K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2019
$200K
General Support
2019
$35K
provide funds to sponsor a digital and virtual charitable event to provide opportunities for practitioners to deepen their understanding of microbusinesses, discuss innovations and resources to address current pandemic effect and examine new tools to support wealth-building in communities of color
2019
$10K
For grant recipient's exempt purposes
2019
$180K
ENTREPRENEURSHIP TRAINING FOR RETURNING CITIZENS
2018
$10K
MULTI-CULTURAL
2018
$400K
launch a trusted technical assistance program to help Black-owned small businesses grow and create jobs in low income communities using scalable and technology-centric solutions
2017
$50K
provide funds to sponsor a charitable event to provide opportunities for practitioners to deepen their understanding of microbusinesses and examine new tools to support wealth-building in communities of color
2017

Funded by

$7.2M from 20 funders · 35 grants · 2017–2024

WK Kellogg Foundation

$2.1M · 7 grants · 2017–2022

Tides Foundation

$968K · 3 grants · 2022–2023

Mastercard Impact Fund

$850K · 2 grants · 2020–2022

Surdna Foundation Inc

$700K · 3 grants · 2019–2022

Jpmorgan Chase Foundation

$501K · 2 grants · 2019–2020

The Kresge Foundation

$475K · 3 grants · 2020–2023

Silicon Valley Community Foundation

$300K · 1 grant · 2022

Details

EIN363834357
NTEE codeT70Z
Subsection03
Ruling date1997-07
Formed1991
Employees15
ASSOCIATION FOR ENTERPRISE OPPORTUNITY INC — Mission, Financials & Grants Received | Grantivo