Center For Employment Opportunities Inc
- Assets
- $41.9m
- Revenue
- $87.8m
- Investments
- $0.0
- Employees
- 6,082
- Location
- New York, NY
- Founding
- 02/1996
- Data as of
- 06/2022
- EIN
- 13-3843322
Organization Overview
Center For Employment Opportunities Inc is located in New York, NY. The organization was established in 1996. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 06/2022, Center For Employment Opportunities Inc employed 6,082 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Employment Opportunities 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 06/2022, Center For Employment Opportunities Inc generated $87.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $83.6m during the year ending 06/2022. While expenses have increased by 16.6% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE PROVIDE EFFECTIVE EMPLOYMENT SERVICES TO INDIVIDUALS RECENTLY RELEASED FROM INCARCERATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel Schaeffer CEO & Executive Director | Officer | 60 | $371,729 |
Samra Haider President | OfficerTrustee | 60 | $255,816 |
Panagiota Mahendru CFO (thru 04/01/22) | Officer | 60 | $243,314 |
Emily Hackworth Chief Operating Officer | Officer | 35 | $241,297 |
Yuri Okumura Chief Legal Officer | 35 | $221,949 | |
Christopher Watler Chief External Affairs | 35 | $216,316 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Envoy Advisory Llc Advisory | 6/29/22 | $478,951 |
Ptnr In Computing Svcs Intl It Services | 6/29/22 | $220,982 |
Grant Thornton Llp Accounting & Auditing | 6/29/22 | $139,465 |
Politicom Law Llp Consulting Services | 6/29/22 | $101,915 |
Jackson Lewis Pc Legal Services | 6/29/22 | $148,098 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $60,870,531 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,915,519 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,786,050 |
| Total Program Service Revenue | $0 |
| Investment income | $9,477 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $87,797,672 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $799,383 |
| Compensation of current officers, directors, key employees. | $387,673 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,615,981 |
| Pension plan accruals and contributions | $545,495 |
| Other employee benefits | $7,379,748 |
| Payroll taxes | $4,737,446 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $74,571 |
| Fees for services: Accounting | $54,642 |
| Fees for services: Lobbying | $305,290 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,919,486 |
| Advertising and promotion | $0 |
| Office expenses | $942,082 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,970,896 |
| Travel | $748,169 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,537 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,089,527 |
| Insurance | $1,558,921 |
| All other expenses | $66,965 |
| Total functional expenses | $83,605,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,885,470 |
| Pledges and grants receivable | $25,885,595 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,041,517 |
| Net Land, buildings, and equipment | $1,692,367 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $352,959 |
| Total assets | $41,857,908 |
| Accounts payable and accrued expenses | $9,878,204 |
| Grants payable | $0 |
| Deferred revenue | $834,489 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,843,925 |
| Total liabilities | $12,556,618 |
| Net assets without donor restrictions | $21,212,596 |
| Net assets with donor restrictions | $8,088,694 |
| 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 | $41,857,908 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Center For Employment Opportunities Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Frederick Mcdonald Trust C/O Trust Dept State Bk Of Ny Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Employment Opportunities Inc New York, NY | $41,857,908 | $87,797,672 |
Mdrc New York, NY | $143,919,606 | $93,136,568 |
1199 Seiu League Training And Upgrading Fund New York, NY | $42,542,566 | $63,487,129 |
Jevs Human Services Philadelphia, PA | $77,364,523 | $72,235,566 |
Philadelphia Works Inc Philadelphia, PA | $19,624,768 | $60,435,334 |
Jobs For The Future Inc Boston, MA | $45,400,683 | $55,577,164 |
Common Ground Management Corporation New York, NY | $34,376,983 | $41,849,859 |
Consortium For Worker Education Inc New York, NY | $27,138,774 | $23,461,109 |
Private Industry Council Of Westmoreland Fayette Inc Greensburg, PA | $8,538,862 | $23,750,755 |
Youthbuild Usa Inc Roxbury, MA | $41,660,191 | $41,513,584 |
Capital Workforce Partners Inc Hartford, CT | $3,681,949 | $22,085,213 |
National Telecommuting Institute Boston, MA | $7,581,785 | $15,508,649 |