Public Charity

Team NEO Foundation

Team NEO Foundation is a nonprofit organization categorized as Public Charity based in Cleveland, OH. Its most recent IRS filing (2025) reports revenue of $8.6M, expenses of $7.7M, total assets of $4.9M. Imperigo tracks 46 reported grant relationships connected to this organization totaling approximately $3.1M.

EIN: 341885407 Cleveland, OH Economic Development NTEE: S30 Latest filing: 2025
Total Revenue$8.6M
Total Expenses$7.7M
Total Assets$4.9M
Grant Records46
Funding Total$3.1M
Filing Years2021–2025

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.

Where $100 goes at Team NEO Foundation

How Team NEO Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 6 years.

$86 Programs the work itself
$10 Management running the organization
$4 Fundraising raising the next dollar

Inside the $86 for programs

$55
Growing our Diverse Industry Base
63% of program spending
$14
Promote and Engage the Region
17% of program spending
$10
Address the Talent Supply-Demand Gap
12% of program spending

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Director Aaron Swartz
Director Alex Chapman
Vice Chair thru 8/2025 Allen Mistysyn
Secretary thru 3/2025 Andy Jones
Director Ariane Kirkpatrick
Partner Director Baiju Shah

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$1,357,523 26 grants
Economic Development
$1,355,000 7 grants
Research & Policy
$5,974 1 grant
Unspecified
$417,100 10 grants

Financial Trends

Year Revenue Expenses Assets
2025 $8.6M $7.7M $4.9M
2024 $8.0M $8.0M $3.9M
2023 $8.0M $8.2M $3.6M
2022 $8.0M $8.0M $3.2M
2021 $6.4M $6.5M $3.0M

Between 2021 and 2025, reported annual revenue grew from $6.4M to $8.6M (+34%), with total assets most recently reported at $4.9M.

Interactive year-over-year charts and full filing details available with membership.

Similar Organizations in OH

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OHIO ECONOMIC DEVELOPMENT ASSOC
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The Greater Logan County Community Improvement Corporation
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