Exceptional Opportunities Inc
- Assets
- $9.0m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 135
- Location
- Algona, IA
- Founding
- 08/1970
- Data as of
- 06/2024
- EIN
- 42-0953931
Organization Overview
Exceptional Opportunities Inc is located in Algona, IA. The organization was established in 1970. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2024, Exceptional Opportunities Inc employed 135 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Exceptional 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 06/2024, Exceptional Opportunities Inc generated $6.6m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $5.2m during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING LICENSED RESIDENTIAL SERVICES, WAIVER-CERTIFIED SUPPORTED LIVING SERVICES, AND CARF ACCREDITED/WAIVER WORK/HABILITATIVE SERVICES TO INDIVIDUALS WITH INTELLECTUAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDIVIDUAL LIVING - TO PROVIDE CONTACT HOURS OF SUPERVISION AND TRAINING IN PERSONAL AND HOME SKILLS, ADVOCACY SKILLS, AND COMMUNITY SKILLS NEEDED TO SUPPORT AN INDIVIDUAL WITH AN INTELLECTUAL DISABILITY IN LIVING SAFELY IN AN APARTMENT OR HOME OF HIS/HER CHOICE. THESE SERVICES ARE PROVIDED AS NEEDED TO EACH INDIVIDUAL, RANGING FROM HOURLY SERVICES UP TO 24 HOURS DAILY, ACCORDING TO THE RULES AND REGULATIONS SET FORTH IN CHAPTER 77.37 OF THE IOWA ADMINISTRATIVE CODE.
TO PROVIDE WORK AND ACTIVITY SKILLS TRAINING IN AS NONRESTRICTIVE A MANNER AS POSSIBLE TO MENTALLY DISADVANTAGED ADULTS WHOSE LEVEL OF FUNCTION PLACES A SEVERE IMPAIRMENT ON THEIR PRODUCTION CAPABILITIES. THE TRAINING FURTHERS INDEPENDENCE AT HOMES AND IN THE COMMUNITY WHILE PREPARING THEM FOR PARTICIPATION IN MORE ADVANCED TRAINING PROGRAMS.
WEST SIDE APARTMENTS - TO PROVIDE INDEPENDENT LIVING QUARTERS FOR INDIVIDUALS MEETING ADMISSIONS QUALIFICATIONS AS ESTABLISHED TO QUALIFY AS LOW INCOME HOUSING. NORTH IOWA REGIONAL HOUSING AUTHORITY REGULATES RENT CHARGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Schmidt Executive Dir. | OfficerTrustee | 45 | $114,148 |
Judy Junkermeier President | OfficerTrustee | 2 | $0 |
Bob Christian Secretary | OfficerTrustee | 2 | $0 |
Lori Ludwig Director | Trustee | 2 | $0 |
Judy Weber Director | Trustee | 2 | $0 |
Walter Renger Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $258,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $258,500 |
| Total Program Service Revenue | $5,870,641 |
| Investment income | $170,553 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $265 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $290,858 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,600,308 |
| 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. | $114,148 |
| Compensation of current officers, directors, key employees. | $114,148 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,846,798 |
| Pension plan accruals and contributions | $90,337 |
| Other employee benefits | $276,483 |
| Payroll taxes | $298,993 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $474 |
| Fees for services: Accounting | $26,335 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $85,670 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $94,944 |
| Travel | $0 |
| 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 | $195,650 |
| Insurance | $48,066 |
| All other expenses | $0 |
| Total functional expenses | $5,223,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $900 |
| Savings and temporary cash investments | $6,750,784 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $456,306 |
| 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 | $56,594 |
| Net Land, buildings, and equipment | $1,657,449 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $81,422 |
| Total assets | $9,003,455 |
| Accounts payable and accrued expenses | $264,614 |
| 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 | $1,628 |
| Total liabilities | $266,242 |
| Net assets without donor restrictions | $8,737,213 |
| 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 | $9,003,455 |