2021-10-21T20:21:11-05:00 2020-12-31 HAN GROUP LLC 1020 19TH STREET NWSUITE 800 WASHINGTON DC 20036 990 2020-01-01 363834357 ASSOCIATION FOR ENTERPRISE OPPORTUNITY ASSO 2026505580 1310 L STREET NW NO 830 WASHINGTON DC 20005 CONNIE EVANS PRESIDENT & CEO 2026505580 2021-10-21 1 CONNIE EVANS 999009999 JENNIFER S HAN P00633304 2023753281 2021-10-21 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z CONNIE EVANS 1310 L STREET NW NO 830 WASHINGTON DC 20005 14089731 0 X WWW.AEOWORKS.ORG X 1991 DC AEO IS THE LEADING VOICE OF INNOVATION FOR MICROBUSINESS AND MICROFINANCE. WE CREATE ECONOMIC OPPORTUNITY FOR UNDERSERVED ENTREPRENEURS THROUGHOUT THE UNITED STATES. WE ENGINEER TRANSFORMATIONAL CHANGE THROUGH RESEARCH, INCUBATION, CONVENING & ADVOCACY TO FOSTER A ROBUST AND INCLUSIVE MARKETPLACE. 26 26 8 26 0 0 1726721 10957746 101231 3129739 3971 985 98636 1261 1930559 14089731 8100 2100 0 0 855659 1070712 0 0 73733 1910526 3412486 2774285 4485298 -843726 9604433 2842995 18525328 506022 6481022 2336973 12044306 X ASSOCIATION FOR ENTERPRISE OPPORTUNITY (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. 0 0 3091056 2390322 INNOVATIONINNOVATION AT THE ORGANIZATION IS A FACILITATED PROCESS FOR ENGAGING COHORTS OF DIVERSE STAKE HOLDERS, AND CO-DESIGNING NEW SOLUTIONS AND PLATFORMS THAT DRIVE TRANSFORMATION 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 TO PARTNER WITH A WIDE AND DIVERSE RANGE OF MARKET ACTORS, AND AN ENTREPRENEURIAL, RESOURCEFUL APPROACH. 643797 739417 ENGAGEMENT COMMUNICATIONS POLICYTHE ORGANIZATION IS LEADING SEVERAL INITIATIVES AROUND THE COUNTRY, TO STRENGTHEN ORGANIZATIONS' CAPACITY AND REACH TO UNDERSERVED ENTREPRENEURS. AEO HOSTS AN ANNUAL NATIONAL CONFERENCE TO PROVIDE TRAINING AND NETWORKING OPPORTUNITIES TO ITS MEMBERS AND THE INDUSTRY AT-LARGE. AEO PROMOTES NETWORKING AND INFORMATION SHARING AMONG ITS MEMBERS VIA VARIOUS COMMUNICATION VEHICLES, SUCH AS THE AEO VOICE, THE ORGANIZATION'S WEBSITE AND ROUNDTABLE DISCUSSIONS. 253011 2100 RESEARCH AND INSIGHTS POLICY AND ADVOCACY EFFORTS FOCUS AROUND 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 MICROBUSINESS AND UNDERSERVED ENTREPRENEURS, AND THE ORGANIZATION RESEARCH PROVIDES TIMELY INFORMATION ON THE INDUSTRY, INCLUDING AN ANALYSIS OF THE ECONOMIC IMPACT AND NEEDS OF MICROBUSINESS. 11200 BLACK INNOVATION ALLIANCEBLACK INNOVATION ALLIANCE IS A COALITION OF LIKEMINDED BLACK-LED AND BLACK SERVING COMPANIES AND ORGANIZATIONS WORKING TO ENSURE BLACK OWNERSHIP IS INCREASING THROUGH FAIR PARTICIPATION IN THE INNOVATION ECONOMY. 11200 3999064 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 27 0 1 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 26 26 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 2026505580 1310 L STREET NW SUITE 830 WASHINGTON DC 20005 GARY L CUNNINGHAM CHAIR 0.25 X X 0 0 0 JOSHUA BRACKETT TREASURER 0.20 X X 0 0 0 USMAN AHMED DIRECTOR 0.10 X 0 0 0 MELISSA BRADLEY DIRECTOR 0.10 X 0 0 0 JANE CAMPBELL DIRECTOR 0.10 X 0 0 0 BRANDIE CONFORTI DIRECTOR 0.10 X 0 0 0 SAMIRA COOK GAINES DIRECTOR 0.10 X 0 0 0 DANIEL DELEHANTY DIRECTOR 0.10 X 0 0 0 BYNA ELLIOTT DIRECTOR 0.10 X 0 0 0 RON FONG DIRECTOR 0.10 X 0 0 0 ALEX FORRESTER DIRECTOR 0.10 X 0 0 0 DONNA GAMBRELL DIRECTOR 0.10 X 0 0 0 JARED B GLEUE DIRECTOR 0.10 X 0 0 0 VERONICA MATURINO DIRECTOR 0.10 X 0 0 0 INEZ LONG DIRECTOR 0.10 X 0 0 0 LENWOOD LONG DIRECTOR 0.10 X 0 0 0 CAROLINA MARTINEZ DIRECTOR 0.10 X 0 0 0 INES POLONIUS DIRECTOR 0.10 X 0 0 0 NANCY STARK DIRECTOR 0.10 X 0 0 0 CHRIS WHEAT DIRECTOR 0.10 X 0 0 0 JAMES WOO DIRECTOR 0.10 X 0 0 0 PATRICIA HARRIS DIRECTOR 0.10 X 0 0 0 DEDRICK ASANTE-MUHAMMED DIRECTOR 0.10 X 0 0 0 JOSE MARTINEZ DIRECTOR 0.10 X 0 0 0 COURTNEY ROBINSON DIRECTOR 0.10 X 0 0 0 SUSAN TAYLOR BATTEN DIRECTOR 0.10 X 0 0 0 GUSTAVO LASALA DIRECTOR 0.10 X 0 0 0 CONNIE EVANS PRESIDENT & CEO 40.00 X 283971 0 24565 HYACINTH VASSELL VP, INNOVATION ENGINEERING 40.00 X 156031 0 15268 NOU VANG VP, OPERATIONS 40.00 X 136999 0 6500 JESSICA MILLI RESEARCH DIRECTOR 40.00 X 112927 0 8440 689928 0 54773 4 0 1 0 ABCD & COMPANY LLC 11140 ROCKVILLE PIKESUITE 300 ROCKVILLE MD 20852 LEAD AND MANAGE DAILY COMMUNICATIONS, MA 262170 ROBERT HALF 2613 CAMINO RAMON SAN RAMON CA 94853 TEMPORARY STAFFING 112633 FORD AGENCY 1660 L ST NW SUITE 200 WASHINGTON DC 20036 RECRUITING SERVICES 104631 3 86349 10871397 10957746 PROGRAM INCOME 900099 2404311 2404311 CONFERENCE FEES 900099 695962 695962 DUES 900009 29466 29466 3129739 985 985 OTHER INCOME 900099 1261 1261 1261 14089731 3129739 0 2246 X 2100 2100 308536 246828 30854 30854 665199 627688 8836 28675 19491 19491 22043 741 21302 55443 51099 4344 37069 37069 68242 68242 76548 76548 2475641 2422410 46787 6444 20885 17897 2048 940 107699 95611 7466 4622 7200 4306 2894 139634 137534 2100 257589 232164 25425 20195 12163 8032 DUES & SUBSCRIPTIONS 33639 28137 3972 1530 COMMUNICATIONS 33531 31784 1079 668 BANK & CREDIT CARD FEES 13226 13226 121388 12054 109334 4485298 3999064 412501 73733 1553287 10940325 361064 422545 157250 6084200 438198 15141 34197 1512532 918779 744143 593753 12110 12110 2842995 18525328 336553 306460 169469 1790562 0 4384000 506022 6481022 X 1253608 3021588 1083365 9022718 2336973 12044306 2842995 18525328 X 9604433 102900 X X 0 1 X 1 0 X 2699992 2514119 1042608 1726721 2836397 10819837 2699992 2514119 1042608 1726721 2836397 10819837 7276108 3543729 995 49002 27132 3971 985 82085 16803 6721 8636 1261 33421 10935343 4823521 0.32410 0.30050 X THE ORGANIZATION MEETS THE "FACTS AND CIRCUMSTANCES" TEST FOR THE FOLLOWING REASONS: (1) AEO HAS AN ABSOLUTE MINIMUM OF 10% PUBLIC SUPPORT UNDER THIS TEST, (2) THE CURRENT SUPPORT TEST IS CLOSE TO ONE THIRD OF TOTAL SUPPORT, (3) THE ORGANIZATION'S SUPPORT COMES FROM A BROAD NUMBER OF DONORS, (4) A GOVERNING BODY THAT IS MORE REPRESENTATIVE OF BROAD PUBLIC INTERESTS, (5) THE ORGANIZATION'S ACTIVITIES DIRECTLY BENEFIT THE PUBLIC, AND (6) A FUNDRAISING PROGRAM THAT GENERATES BROAD PUBLIC SUPPORT. SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2017 AMOUNT: $ 16,803. 2018 AMOUNT: $ 6,721. 2019 AMOUNT: $ 8,636. 2020 AMOUNT: $ 1,261. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 1 76548 0 1 0 0 76548 0 PART II-B, LINE 1, LOBBYING ACTIVITIES THE ORGANIZATION ENGAGED AN OUTSIDE LOBBYING FIRM TO CONTACT LEGISLATORS ON VARIOUS ISSUES. 68257 49698 18559 1444275 869081 575194 593753 PASSTHROUGH CONTRIBUTION PAYABLE 4384000 4384000 X 15426964 1234333 102900 1337233 14089731 0 14089731 5719631 1234333 1234333 4485298 0 4485298 PART X, LINE 2: THE ORGANIZATION FOLLOWS THE AUTHORITATIVE GUIDANCE RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES INCLUDED IN ACCOUNTING STANDARDS CODIFICATION TOPIC 740-10, INCOME TAXES. THESE PROVISIONS PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IT IS THE ORGANIZATION'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSES. THE ORGANIZATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2020 AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. THE STATUTE OF LIMITATIONS GENERALLY REMAINS OPEN FOR THREE TAX YEARS WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE ORGANIZATION FILES TAX RETURNS. PART XI, LINE 2D - OTHER ADJUSTMENTS: PPP FORGIVABLE LOAN RECOGNIZED IN 2020 BUT NOT FORGIVEN AS OF DEC 31, 2020 102,900. X X X X 0 0 0 0 0 0 0 0 0 CONNIE EVANS PRESIDENT & CEO 283971 0 0 0 0 0 12901 0 11664 0 308536 0 0 0 HYACINTH VASSELL VP, INNOVATION ENGINEERING 156031 0 0 0 0 0 7625 0 7643 0 171299 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 AEO HAS THREE LEVELS OF MEMBERSHIP: 1) STANDARD, 2) CORE, AND 3) PREMIUM. AEO MEMBERSHIP IS AVAILABLE TO ORGANIZATIONS THAT PROVIDE DIRECT BUSINESS DEVELOPMENT SERVICES TO UNDERSERVED ENTERPRENEURS OR ORGANIZATIONS OR INDIVIDUALS THAT SUPPORT THE MISSION OF AEO BUT DO NOT PROVIDE DIRECT BUSINESS DEVELOPMENT SERVICES TO UNDERSERVED ENTREPRENEURS. MEMBERSHIP DUES WILL BE REVIEWED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNANCE COMMITTEE SOLICITS NOMINATIONS FOR THE BOARD OF DIRECTORS FROM AEO MEMBERS AND NONMEMBERS. NOMINATIONS SHOULD BE RECEIVED IN A TIMELY MANNER THAT ALLOWS VOTING TO OCCUR WITHIN NO MORE THAN 30 DAYS BEFORE THE ANNUAL MEETING OF THE ASSOCIATION. CANDIDATES MUST BE AN AEO MEMBER IN GOOD STANDING AT THE TIME OF VOTING. THE BOARD OF DIRECTORS CONSISTS OF NO LESS THAN ELEVEN AND NO MORE THAN THIRTY FIVE MEMBERS WHO REFLECT THE GEOGRAPHIC, GENDER, RACIAL, AGE AND CULTURAL DIVERSITY OF THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WAS PREPARED BY AN OUTSIDE ACCOUNTANT. IT WAS REVIEWED BY THE PRESIDENT/CEO AND CFO BEFORE THE RETURN WAS CIRCULATED TO THE BOARD MEMBERS FOR FINAL REVIEW AND BEFORE THE RETURN WAS FILED ELECTRONICALLY. FORM 990, PART VI, SECTION B, LINE 12C IN ADHERENCE TO AEO'S CONFLICT OF INTEREST POLICY, BOARD OF DIRECTORS AND STAFF MUST DISCLOSE ANY CONFLICTS OF INTEREST AND ABSTAIN FROM VOTING ON ANY MATTERS FOR WHICH HE OR SHE HAS A CONFLICT. THE MEMBER WITH A CONFLICT RECUSES HIMSELF OR HERSELF FROM THE DISCUSSION, AND THE REMAINING BOARD MEMBERS RESOLVE THE MATTER IN WHAT IS DEEMED THE BEST INTEREST OF AEO. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS CONDUCTS AN ANNUAL EVALUATION ON THE PERFORMANCE OF THE PRESIDENT/CEO. THE RECOMMENDATIONS OF THE EXECUTIVE COMMITTEE ARE PRESENTED TO THE FULL BOARD OF DIRECTORS FOR APPROVAL AND ADOPTION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES AVAILABLE UPON REQUEST THE FOLLOWING: GOVERNING DOCUMENTS CONFLICT OF INTEREST POLICY FINANCIAL STATEMENTS FORM 990, PART IX, LINE 11G CONSULTANT'S FEE: PROGRAM SERVICE EXPENSES 942,158. MANAGEMENT AND GENERAL EXPENSES 46,787. FUNDRAISING EXPENSES 6,444. TOTAL EXPENSES 995,389. COHOLT CONTRACT SERVICE: PROGRAM SERVICE EXPENSES 1,480,252. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,480,252. FORM 990, PART XI, LINE 9: PPP FORGIVABLE LOAN RECOGNIZED IN 2020 BUT NOT FORGIVEN AS OF DEC 31, 2020 102,900. FORM 990 PART XII LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. DREAMFUND LLC CO ADF QI LLC 1310 L STREET NW SUITE 830 WASHINGTON DC 20005 320459757 TO EXPAND CREDIT TO MAIN STREET AND MICROBUSINESSES DE 0 310835 ASSOCIATION FOR ENTERPRISE OPPORTUNITY MYWAY TO CREDIT LLC 1310 L STREET NW SUITE 830 WASHINGTON DC 20005 320549776 TO INCREASE AVAILABILITY OF AND ACCESS TO FUNDING IN DISTRESSED COMMUNITIES DE 111883 485132 ASSOCIATION FOR ENTERPRISE OPPORTUNITY