Opportunities For Broome Inc
- Assets
- $0.0
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Binghamton, NY
- Founding
- 05/1965
- Data as of
- 06/2020
- EIN
- 16-0903802
Organization Overview
Opportunities For Broome Inc is located in Binghamton, NY. The organization was established in 1965. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. Opportunities For Broome 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 06/2020, Opportunities For Broome Inc generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $2.4m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE SELF-SUFFICIENCY, WELL-BEING, AND GROWTH OF INDIVIDUALS, FAMILIES, AND COMMUNITIES THROUGH HUMAN SERVICES, EDUCATION, ADVOCACY, AND RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEAD START: PROVIDES COMPREHENSIVE EARLY CHILDHOOD DEVELOPMENT SERVICES TO DISADVANTAGED PRESCHOOL CHILDREN AND THEIR FAMILIES. THE ORGANIZATION RECEIVED IN-KIND DONATIONS OF TEACHING AND AIDE SERVICES TOTALING $182,324 FOR 2020.
UNIVERSAL PRE-K: PROVIDES QUALITY PRESCHOOLING TO CHILDREN WITH THE GOAL OF INCREASING SCHOOL READINESS.
HOUSING: PROVIDES PERMANENT, SAFE, AND AFFORDABLE HOUSING OPPORTUNITIES FOR LOW-INCOME, HOMELESS INDIVIDUALS AND FAMILIES.
VARIOUS SMALL PROGRAMS INCLUDING SPECIAL NEEDS EDUCATION, CHILD CARE, EMERGENCY ASSISTANCE, AND FAMILY DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Silvanic Executive Director | Officer | 37 | $59,216 |
Christine Monsen Finance Director | Officer | 37 | $47,653 |
Kelly Robertson Deputy Director | Officer | 37 | $41,199 |
Robert Starr Vice President | OfficerTrustee | 0.5 | $0 |
Jerry Skrivan President | OfficerTrustee | 0.5 | $0 |
Clyde Birch Jr Treasurer | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wl Kline Contractor, Building Renovations | 12/30/17 | $666,811 |
Dl Malarkey Construction Inc Contractor, Building Renovations | 12/30/17 | $189,298 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,897,737 |
| All other contributions, gifts, grants, and similar amounts not included above | $300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,898,037 |
| Total Program Service Revenue | $384,610 |
| Investment income | $235 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $60 |
| Net Income from Fundraising Events | -$4,301 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,336,949 |
| 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. | $148,068 |
| Compensation of current officers, directors, key employees. | $106,869 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,214,570 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $232,931 |
| Payroll taxes | $104,242 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $75,512 |
| Advertising and promotion | $2,030 |
| Office expenses | $89,221 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $186,204 |
| Travel | $120 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,010 |
| Interest | $8,033 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $188,621 |
| Insurance | $72,192 |
| All other expenses | $5,825 |
| Total functional expenses | $2,448,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Folium Inc Chambersburg, PA | $14,596,128 | $25,665,038 |
Childrens Home Society Of New Jersey Trenton, NJ | $28,155,049 | $20,262,736 |
Kidspeace National Centers Of New England Inc Schnecksville, PA | $8,095,792 | $17,415,455 |
Glade Run Lutheran Services Zelienople, PA | $21,485,786 | $18,765,476 |
Friendship House Scranton, PA | $19,332,908 | $21,173,767 |
Williamsburg Infant And Early Childhood Development Center Inc Brooklyn, NY | $10,947,816 | $17,829,404 |
Community Counseling And Mediation Service Inc Brooklyn, NY | $22,401,444 | $19,970,012 |
Kidspeace National Centers Of North America Inc Schnecksville, PA | $6,013,176 | $16,966,770 |
Nia Community Services Network Inc Brooklyn, NY | $7,654,116 | $16,388,426 |
Girls Who Code Inc New York, NY | $56,064,304 | $28,119,627 |
United Activities Unlimited Staten Island, NY | $5,094,219 | $15,508,941 |
Auberle Mckeesport, PA | $5,710,506 | $15,397,907 |