Midwest Opportunities Inc
- Assets
- $2.1m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 166
- Location
- Corning, IA
- Founding
- Data as of
- 06/2015
- EIN
- 42-1390408
Organization Overview
Midwest Opportunities Inc is located in Corning, IA. As of 06/2015, Midwest Opportunities Inc employed 166 individuals. Midwest 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS OPERATING INTERMEDIATE CARE FACILITIES FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR ORGANIZATION OWNS AND OPERATES GROUP HOMES FOR 30 ADULTS AND CHILDREN WITH DEVELOPMENTAL DISABILITIES. WE BEGAN OPERATION IN SEPTEMBER 1994.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gwen Buck President | OfficerTrustee | 2 | $0 |
Craig Mittag Vice Preside | OfficerTrustee | 2 | $0 |
Jayne Templeton Secretary | OfficerTrustee | 2 | $0 |
Myrna Rummer | Trustee | 1 | $0 |
Joanne Whitmore | Trustee | 1 | $0 |
Pam Haley | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,855 |
| Investment income | $2,584 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $45,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,958,466 |
| Statement of Expenses | |
|---|---|
| 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. | $127,474 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,318,941 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $253,780 |
| Payroll taxes | $180,807 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $242 |
| Fees for services: Accounting | $8,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,649 |
| Advertising and promotion | $6,131 |
| Office expenses | $55,344 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $197,098 |
| Travel | $20,094 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $36,309 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $135,588 |
| Insurance | $104,454 |
| All other expenses | $0 |
| Total functional expenses | $3,930,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $950 |
| Savings and temporary cash investments | $586,329 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $334,691 |
| 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 | $34,637 |
| Investments—publicly traded securities | $178,211 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,808 |
| Other assets | $17,608 |
| Total assets | $2,088,452 |
| Accounts payable and accrued expenses | $335,314 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $590,000 |
| 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 | $17,608 |
| Total liabilities | $942,922 |
| Net assets without donor restrictions | $1,135,055 |
| Net assets with donor restrictions | $10,475 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,145,530 |
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