Economic Security Corporation Of Southwest Area
- Assets
- $10.6m
- Revenue
- $18.6m
- Investments
- $0.0
- Employees
- 440
- Location
- Joplin, MO
- Founding
- 05/1966
- Data as of
- 09/2022
- EIN
- 43-0834199
Organization Overview
Economic Security Corporation Of Southwest Area is located in Joplin, MO. The organization was established in 1966. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 09/2022, Economic Security Corporation Of Southwest Area employed 440 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Economic Security Corporation Of Southwest Area 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 09/2022, Economic Security Corporation Of Southwest Area generated $18.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $19.3m during the year ending 09/2022. While expenses have increased by 5.9% 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
THE ORGANIZATION PROVIDES A RANGE OF SERVICES AND ACTIVITIES IMPACTING THE CAUSES OF POVERTY TO HELP PEOPLE FUNCTION AT THEIR OWN FINANCIAL, PHYSICAL, MENTAL AND SOCIAL LEVELS AND AID IN THEIR ATTEMPT TO ATTAIN NEW LEVELS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEAD START PROGRAM PROVIDES EDUCATIONAL OPPORTUNITIES FOR LOW-INCOME CHILDREN IN CLASSROOMS AND HOME BASED PROGRAMS.
ENERGY CRISIS INTERVENTION: UTILITY ASSISTANCE FOR LOW-INCOME FAMILIES.
WEATHERIZATION: WEATHERIZE HOMES FOR LOW-INCOME FAMILIES, WITH THE GOAL OF IMPROVING LIVING CONDITIONS AND SAVING UTILITY COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Joines CEO | Officer | 40 | $119,034 |
Paula Carsel Treasurer | OfficerTrustee | 1 | $0 |
Doris Fast Secretary | OfficerTrustee | 1 | $0 |
Sarah Alumbaugh President | OfficerTrustee | 1 | $0 |
Rick Lett Vice President | OfficerTrustee | 1 | $0 |
Denise Gallon Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Corum Siding And Gutter Construction | 9/29/22 | $196,017 |
Dr Mechanical Llc Construction | 9/29/22 | $406,291 |
Multi-craft Contractors Inc Construction | 9/29/22 | $334,400 |
Midway Sheet Metal Inc Construction | 9/29/22 | $256,735 |
Glidewell Roof Llc Construction | 9/29/22 | $123,777 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,110,923 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,902 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,161,825 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $217,834 |
| 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 | $18,556,997 |
| 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. | $119,034 |
| Compensation of current officers, directors, key employees. | $119,034 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,662,077 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,958,514 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $725,198 |
| Travel | $397,763 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,535 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $530,925 |
| Insurance | $0 |
| All other expenses | $126,124 |
| Total functional expenses | $19,290,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,077,964 |
| Savings and temporary cash investments | $274,274 |
| 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 | $66,967 |
| Prepaid expenses and deferred charges | $10,384 |
| Net Land, buildings, and equipment | $6,207,964 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,756 |
| Total assets | $10,642,309 |
| Accounts payable and accrued expenses | $996,016 |
| 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 | $419,443 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,337,017 |
| Total liabilities | $4,752,476 |
| Net assets without donor restrictions | $5,889,833 |
| 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 | $10,642,309 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Economic Security Corporation Of Southwest Area has recieved totaling $29.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $29 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lausanne Collegiate School Memphis, TN | $29,785,379 | $21,342,655 |
Economic Security Corporation Of Southwest Area Joplin, MO | $10,642,309 | $18,556,997 |
Catherine Cook School Chicago, IL | $39,097,853 | $19,163,483 |
Educare Of Omaha Inc Omaha, NE | $19,410,966 | $14,431,941 |
Livingston Byrdstown Jamestown And Cookeville Development Corporation Cookeville, TN | $2,043,241 | $13,554,742 |
Hope Montessori Academy St Louis, MO | $759,290 | $12,407,556 |
Tulsa Christian Education Corporation Tulsa, OK | $13,603,997 | $12,564,074 |
Columbia Academy School Columbia, TN | $17,513,853 | $13,288,512 |
Forsyth School Inc Saint Louis, MO | $26,400,656 | $9,718,193 |
The New School Fayetteville, AR | $39,755,955 | $6,395,577 |
Head Start Child And Family Development Program Inc Hastings, NE | $7,092,911 | $8,181,932 |
Rogers Park Montessori School Chicago, IL | $24,431,120 | $7,342,304 |