Ohio · Nonprofit
Team NEO Foundation
Team NEO Foundation (Ohio) receives grants from 22 organizations whose IRS filings report $3,177,849 to it, the largest being TIMKEN FOUNDATION OF CANTON ($1,125,000). 11 of them have funded it in more than one year.
- Revenue FY2025
- $8.6M
- Funders on record
- 22
- Grants received
- $3.2M
- Net assets
- $2.9M
What Team NEO Foundation does
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.
As stated on its FY2025 Form 990.
Programs
Growing our Diverse Industry Base - Leverage our deep supply chain and partner relationships across the regions diverse industry base to drive innovation, integrate technology, develop new markets and create equitable opportunity for a highly-trained workforce.
$4,100,369 spent$291,855 earned by the program64% of program spendingPromote and Engage the Region - Telling stories, promoting assets and sharing data insights to advance Team NEO, lift our partners and improve Northeast Ohios regional competitiveness and prosperity.
$1,071,786 spent17% of program spendingAddress the Talent Supply-Demand Gap - Growing regional talent alignment through better data and coordinated strategies.
$764,463 spent$28,555 earned by the program12% of program spendingGrow a Pipline of Competitive Sites - Impact the regional landscape through thoughtful commercial and industrial development in locations that are driving a competitive region and offering more equitable opportunities.
$512,030 spent$38,325 earned by the program8% of program spending
The 4 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $6,448,648.
The organization over time
Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $3.9M to $4.9M (+27%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2020 7% · 2025 1%. Grants only. Government contracts and fees sit inside program revenue.
95% of Team NEO Foundation’s revenue is contributions — more donation-reliant than the typical peer (60% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 6 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2017 → 2023: the base broadened from 3 funders to 10 funders, grant income rose $143k → $398k.
6 of 22 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 7% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $2.8M from 9 payers (the payer shares this organization's board, largest Fund for Our Economic Future of Northeast Ohio). These are real filings, and they are not money Team NEO Foundation raised.
From the IRS filings of Team NEO Foundation’s funders (the co-funder graph). Top 21 of 22 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
Team NEO Foundation has a broad base — no single funder exceeds 35% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
27% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Team NEO Foundation.
Largest funder’s share by year: 2017 88% · 2018 88% · 2019 86% · 2020 58% · 2021 41% · 2022 31% · 2023 31% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
57% of Team NEO Foundation's funders are still giving 3 years after their first grant; 50% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
63% of Team NEO Foundation's grant income comes from Ohio funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $207k arriving through sponsors registered in 4 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
Team NEO Foundation runs a healthier operating margin than half of the 2,299 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 2,299 community improvement nonprofits $1M–$10M, FY2025
Government funding Team NEO Foundation receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $150k on record.
- Department of Commerce$150k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like Team NEO Foundation
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Ohio
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
83% of spending goes to programs.
Governance
Public support
42%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for Team NEO Foundation: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds Team NEO Foundation?
- Team NEO Foundation (Ohio) receives grants from 22 organizations whose IRS filings report $3,177,849 to it, the largest being TIMKEN FOUNDATION OF CANTON ($1,125,000). 11 of them have funded it in more than one year.
- How many funders does Team NEO Foundation have?
- IRS filings report 22 organizations giving $3,177,849 in grants to Team NEO Foundation, 11 of which have funded it in more than one year.
- Who is the largest funder of Team NEO Foundation?
- TIMKEN FOUNDATION OF CANTON is the largest funder on record, with $1,125,000 in grants. The full list of funders is on this page.
- How can an organization like Team NEO Foundation find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Ohio. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Team NEO →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2020–2025), and the filings of 22 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing