TEAM NEO FOUNDATION

CLEVELAND, OH, 44114-0000 (216) 363-5400 Est. 2003 EIN 34-1885407
S30— Community Improvement Form 990 501(c)(3)
www.teamneo.org

Mission

Team NEO Foundation enhances the economy of Northeast Ohio by collaborating with our partners and others to attract new businesses, help those that are here grow and accelerate the impact of innovation in the region. We also help bring together local, regional and state resources to raise the profile of the region and make the case of investment in Northeast Ohio, focusing on proven businesses that will contribute to the regions success. Our Board serves as the Regional Table for Business and Philanthropy around which challenges regarding economic competitiveness are identified, prioritized and advanced.

Financials

Total Revenue
$7,989,825
Total Expenses
$8,018,224
Net Assets
$2,050,272
40 employees
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
3.1 months Adequate
Net assets / monthly expenses
Year-over-Year Change
Revenue ↓ 0.1%
Expenses ↓ 2.7%
Revenue Sources
Contributions 91.2% Earned revenue 3.5% Investment 0.2% Other 5.0%
Expense Breakdown
Program 85.2% Management 10.4% Fundraising 4.4%

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EIN: 34-1885407 · Source: IRS Form 990 e-file data