Southeastern Indiana Economic Opportunity Corporation
- Assets
- $1.1m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 105
- Location
- Aurora, IN
- Founding
- 11/1973
- Data as of
- 12/2023
- EIN
- 35-1118476
Organization Overview
Southeastern Indiana Economic Opportunity Corporation, operating under the name Sieoc, is located in Aurora, IN. The organization was established in 1973. As of 12/2023, Sieoc employed 105 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sieoc 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 12/2023, Sieoc generated $8.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $7.7m during the year ending 12/2023. While expenses have increased by 3.4% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MISSION: TO IMPROVE THE CONDITIONS UNDER WHICH PEOPLE LIVE, LEARN, AND WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEAD START: WE OPERATE 13 PRE-SCHOOL CLASSROOMS AT 12 DIFFERENT SITES THROUGHOUT A FIVE COUNTY SERVICE AREA. 266 SLOTS WERE AVAILABLE IN 2023, WITH A TOTAL OF 358 CHILDREN ENROLLED DURING THE YEAR, INCLUDING 31 WITH DISABILITIES. 113 CHILDREN WENT ON TO KINDERGARTEN; 72% WERE UP TO DATE WITH PREVENTATIVE AND PRIMARY HEALTH CARE; 84% WERE UP TO DATE WITH ALL IMMUNIZATIONS; AND 43% COMPLETED A DENTAL EXAM. THE PROGRAM UTILIZED 529 VOLUNTEERS, OF WHOM 500 WERE CURRENT OR FORMER HEAD START PARENTS. IN ADDITION, PARENT INVOLVEMENT ACTIVITIES WERE HELD AND MULTIPLE PARENT TRAININGS TOOK PLACE ON IMPORTANT TOPICS LIKE FOOD, SAFETY, AND CHILD ABUSE PREVENTION.
WEATHERIZATION: 37 HOMES IN OUR 6-COUNTY SERVICE AREA WERE WEATHERIZED AND 74 ENERGY AUDITS WERE PERFORMED. 12 FURNACES WERE REPLACED AND 13 WERE REPAIRED DUE TO HEALTH AND SAFETY CONCERNS. IN ADDITION, 11 WATER HEATERS AND 11 ELECTRIC HEAT PUMPS WERE REPLACED AND INSTALLED. COVERING KIDS & FAMILIES: ENSURES THAT ALL ELIGIBLE CHILDREN AND ADULTS ARE ENROLLED IN AVAILABLE HEALTH-CARE COVERAGE PROGRAMS. IN OUR 5 COUNTY AREA, THERE WERE 469 ENROLLMENTS MADE. OTHER PROGRAMS: OTHER PROGRAMS INCLUDE THE SALVATION ARMY EXTENSION OFFICE; THE BEV HENRY EMERGENCY FUND, AND FAMILY DEVELOPMENT.
ENERGY ASSISTANCE: 1,891 HOUSEHOLDS IN OUR 6-COUNTY SERVICE AREA RECEIVED ENERGY ASSISTANCE, BENEFITTING 3,421 PEOPLE. 1,400 HOUSEHOLDS WERE SERVED THROUGH EDUCATION WORKSHOPS.
HOUSING: PROVIDES HOUSING ASSISTANCE TO LOW-INCOME INDIVIDUALS AND FAMILIES BASED ON FEDERAL GUIDELINES. 243 HOUSEHOLDS IN DEARBORN, OHIO, RIPLEY, SWITZERLAND, FRANKLIN, AND UNION COUNTIES RECEIVED HOUSING CHOICE VOUCHERS IN 2023, BENEFITTING 443 PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tamara Cunningham Executive Di | Officer | 40 | $108,321 |
Colleen Lay Controller | Officer | 40 | $81,818 |
Pam Weiler Director | Trustee | 1 | $0 |
Robert Ewbank Director | Trustee | 1 | $0 |
Robin Hochstrasser Director | Trustee | 1 | $0 |
Wanda Knollman Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sherman Insulation Weatherization | 12/30/23 | $209,036 |
Tony Connley Properties Housing | 12/30/23 | $120,890 |
Logan Elderly Housing Lp Housing | 12/30/23 | $102,676 |
Waterview Lp Housing | 12/30/23 | $118,283 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $32,821 |
| Related organizations | $0 |
| Government grants | $7,398,248 |
| All other contributions, gifts, grants, and similar amounts not included above | $361,430 |
| Noncash contributions included in lines 1a–1f | $282,706 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,792,499 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$5,610 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,018,656 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,972,282 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $213,117 |
| Compensation of current officers, directors, key employees. | $213,117 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,045,416 |
| Pension plan accruals and contributions | $45,895 |
| Other employee benefits | $508,283 |
| Payroll taxes | $208,521 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,664 |
| Fees for services: Accounting | $24,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $139,981 |
| Advertising and promotion | $26,300 |
| Office expenses | $79,658 |
| Information technology | $20,645 |
| Royalties | $0 |
| Occupancy | $431,543 |
| Travel | $53,657 |
| 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 | $15,034 |
| Insurance | $64,707 |
| All other expenses | $0 |
| Total functional expenses | $7,654,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $312,968 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $242,178 |
| 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 | $55,932 |
| Net Land, buildings, and equipment | $169,651 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $317,443 |
| Total assets | $1,098,172 |
| Accounts payable and accrued expenses | $193,553 |
| Grants payable | $0 |
| Deferred revenue | $34,729 |
| 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 | $317,443 |
| Total liabilities | $545,725 |
| Net assets without donor restrictions | $437,384 |
| Net assets with donor restrictions | $115,063 |
| 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 | $1,098,172 |