Champlain Valley Office Of Economic Opportunity Inc
- Assets
- $13.5m
- Revenue
- $29.0m
- Investments
- $0.0
- Employees
- 297
- Location
- Burlington, VT
- Founding
- 04/1966
- Data as of
- 09/2023
- EIN
- 03-0216837
Organization Overview
Champlain Valley Office Of Economic Opportunity Inc is located in Burlington, VT. The organization was established in 1966. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Champlain Valley Office Of Economic Opportunity Inc employed 297 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Champlain Valley Office Of Economic Opportunity Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Champlain Valley Office Of Economic Opportunity Inc generated $29.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $28.6m during the year ending 09/2023. While expenses have increased by 6.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Champlain Valley Office Of Economic Opportunity Inc has awarded 92 individual grants totaling $3,119,271. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CVOEO ADDRESSES FUNDAMENTAL ISSUES OF ECONOMIC, SOCIAL, AND RACIAL JUSTICE AND WORKS WITH PEOPLE TO ACHIEVE ECONOMIC INDEPENDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CVOEO PROVIDED A WIDE VARIETY OF VITAL SERVICES TO OVER 21,000 PEOPLE AND WELL OVER 11,000 FAMILIES DURING THE YEAR. ADDITIONALLY, THOUSANDS OF VOLUNTEER HOURS WERE DONATED TO CVOEO PROGRAMS AND AGENCY PROGRAMS ENGAGED IN OVER 500 PARTNERSHIPS WITH OUTSIDE ENTITIES (BUSINESSES, NON-PROFITS, FAITH-BASED ORGANIZATIONS, SCHOOL DISTRICTS, POST-SECONDARY INSTITUTIONS, ETC.). THREE COMMUNITY ACTION OFFICES IN MIDDLEBURY, BURLINGTON AND ST. ALBANS PROVIDED CRISIS INTERVENTION IN SEVERAL AREAS INCLUDING CRISIS FUEL, WARMTH SUPPORT, HOUSING FINANCIAL ASSISTANCE, HOUSING SERVICES COORDINATION, FOOD ASSISTANCE AND TAX ASSISTANCE. NORTHWEST FAMILY FOODS SERVED 2,914 INDIVIDUALS AND 1,438 HOUSEHOLDS AND DISTRIBUTED 295,622 POUNDS OF FOOD. AT THE ADDISON COUNTY FOOD SHELF, WE SERVED 1,047 INDIVIDUALS AND 499 HOUSEHOLDS PROVIDING 15,675 POUNDS OF FOOD. AT FEEDING CHITTENDEN, WE SERVED 8,137 INDIVIDUALS, 4,310 HOUSEHOLDS AND DISTRIBUTED 2,000,000 POUNDS OF FOOD WHILE SERVING 25,237 MEALS AT THE COMMUNITY RESOURCE CENTER.
THERE WERE 242 CHILDREN IN OUR HEAD START PROGRAM AND 186 CHILDREN IN OUR EARLY HEAD START PROGRAM FOR A TOTAL OF 524 FAMILIES IN HEAD START. THERE WERE 1,390 HOME VISITS TO 155 HOUSEHOLDS. EIGHTY PERCENT (80%) OF OUR 4-YEAR-OLD PRESCHOOLERS WERE MEETING OR EXCEEDINGLY WIDELY HELD EXPECTATIONS TIED TO KINDERGARTEN READINESS IN THE DOMAINS OF SOCIAL EMOTIONAL DEVELOPMENT, LITERACY, AND MATH.
THE CHAMPLAIN VALLEY WEATHERIZATION SERVICE (CVWS) PERFORMED COMPREHENSIVE ENERGY EFFICIENCY WORK INCLUDING INSULATION, AIR SEALING, AND FURNACE REPAIR WHILE ALSO REDUCING LEAD, RADON, CARBON DIOXIDE AND FIRE HAZARDS AND ELECTRICAL ISSUES. ONE HUNDRED AND TWENTY-SEVEN HOUSEHOLDS WERE WEATHERIZED, AND 215.81 GALLONS OF OIL WERE SAVED PER HOUSEHOLD ON AVERAGE. WEATHERIZATION ALSO REPAIRED AND REPLACED DOZENS OF FURNACES AND REMOVED VERMICULITE FROM OVER 10 HOMES. THROUGH THE ONE TOUCH PROGRAM OUR TEAMS REFERRED PEOPLE TO OTHER COMMUNITY RESOURCES AND CVOEO PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cody Fiala Board President | Trustee | 1 | $0 |
Elizabeth Madigan Director | Trustee | 0.5 | $0 |
Jon Crystal Board Vp/treasurer | Trustee | 1 | $0 |
Wendy Bova Director | Trustee | 0.5 | $0 |
Anne Rosenblum Director | Trustee | 0.5 | $0 |
Brian Cina Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $202,769 |
| Membership dues | $0 |
| Fundraising events | $41,225 |
| Related organizations | $0 |
| Government grants | $24,846,237 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,390,962 |
| Noncash contributions included in lines 1a–1f | $3,178,805 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,481,193 |
| Total Program Service Revenue | $405,654 |
| Investment income | $140,470 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $59 |
| Net Income from Fundraising Events | $2,945 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,030,321 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $487,396 |
| Grants and other assistance to domestic individuals. | $8,874,927 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $311,730 |
| Compensation of current officers, directors, key employees. | $303,937 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,209,636 |
| Pension plan accruals and contributions | $512,325 |
| Other employee benefits | $2,431,339 |
| Payroll taxes | $900,234 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,383 |
| Fees for services: Accounting | $42,245 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $450,415 |
| Advertising and promotion | $122,454 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,258,707 |
| Travel | $74,754 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $299,669 |
| Insurance | $133,079 |
| All other expenses | $334,953 |
| Total functional expenses | $28,602,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,919,493 |
| Savings and temporary cash investments | $673,392 |
| Pledges and grants receivable | $2,535,877 |
| Accounts receivable, net | $132,988 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $558,255 |
| Prepaid expenses and deferred charges | $265,170 |
| Net Land, buildings, and equipment | $1,049,331 |
| Investments—publicly traded securities | $3,121,127 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,241,378 |
| Total assets | $13,497,011 |
| Accounts payable and accrued expenses | $1,709,292 |
| Grants payable | $0 |
| Deferred revenue | $823,513 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,166 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,238,878 |
| Total liabilities | $4,779,849 |
| Net assets without donor restrictions | $3,149,872 |
| Net assets with donor restrictions | $5,567,290 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,497,011 |
Grants Awarded
Over the last fiscal year, Champlain Valley Office Of Economic Opportunity Inc has awarded $487,396 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHEASTERN VERMONT COMMUNITY ACTION PURPOSE: VOLUNTEER INCOME TAX ASSISTANCE, REGIONAL PERFORMANCE INNOVATION CONSORTIA (RPIC) | $92,324 |
CAPSTONE COMMUNITY ACTION PURPOSE: VOLUNTEER INCOME TAX ASSISTANCE, REGIONAL PERFORMANCE INNOVATION CONSORTIA (RPIC) | $113,508 |
NORTHEAST KINGDOM COMMUNITY ACTION PURPOSE: REGIONAL PERFORMANCE INNOVATION CONSORTIA (RPIC) | $86,234 |
BROC COMMUNITY ACTION PURPOSE: RURAL DOMESTIC VIOLENCE & CHILD VICTIMIZATION | $85,001 |
VERMONT LEGAL AID PURPOSE: JUSTICE FOR FAMILIES PROJECT | $99,360 |
ST ALBANS POLICE DEPARTMENT PURPOSE: RURAL DOMESTIC VIOLENCE & CHILD VICTIMIZATION, IMPROVING CRIMINAL JUSTICE RESPONSES | $10,969 |