Delta Area Economic Opportunity Corporation
- Assets
- $22.8m
- Revenue
- $23.7m
- Investments
- $0.0
- Employees
- 523
- Location
- Portageville, MO
- Founding
- 02/1966
- Data as of
- 12/2021
- EIN
- 43-0834206
Organization Overview
Delta Area Economic Opportunity Corporation is located in Portageville, MO. The organization was established in 1966. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Delta Area Economic Opportunity Corporation employed 523 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delta Area Economic Opportunity Corporation 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 12/2021, Delta Area Economic Opportunity Corporation generated $23.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $23.1m during the year ending 12/2021. While expenses have increased by 4.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF DELTA AREA ECONOMIC OPPORTUNITY CORPORATION, A COMMUNITY ACTION AGENCY, IS TO PROVIDE APPROPRIATE PROGRAMS AND SERVICES THAT EMPOWER PEOPLE TO MAKE POSITIVE CHANGE IN THEIR COMMUNITY, FAMILY AND PERSONAL LIVES IN ORDER TO ACHIEVE AND MAINTAIN SELF-SUFFICIENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EARLY CHILDHOOD DEVELOPMENT - PROVIDES EDUCATIONAL, NUTRITIONAL, HEALTH, SOCIAL AND SPECIAL SERVICES TO CHILDREN OF LOW-INCOME FAMILIES. APPROXIMATELY 1,176 CHILDREN SERVED.
ENERGY ASSISTANCE PROVIDES UTILITY ASSISTANCE TO LOW-INCOME INDIVIDUALS TO ASSIST THEM WITH ENERGY BILLS, THIS COULD BE GAS, ELECTRIC, PROPANE, ETC. APPROXIMATELY 12,559 CLIENTS SERVED.
COMMUNITY SERVICES COMMUNITY SERVICES PROGRAMS STRIVE TO REDUCE POVERTY AND EMPOWER LOW-INCOME FAMILIES TO BECOME SELF-SUFFICIENT. APPROXIMATELY 2,273 CLIENTS SERVED.
WEATHERIZATION SERVICES PROVIDES SERVICES TO HELP LOW-INCOME PEOPLE IMPROVE RESIDENTIAL ENERGY EFFICIENCY. APPROXIMATELY 67 HOMES WERE WEATHERIZED. EMERGENCY SERVICES PROVIDES EMERGENCY SHELTER FOR UP TO 90 DAYS AND IS EQUIPPED WITH A BED SIZE FOR A MAXIMUM OF 68 OCCUPANTS. APPROXIMATELY 181 PEOPLE SERVED. HOUSING SERVICES PROVIDES RENTAL ASSISTANCE TO HELP LOW-INCOME FAMILIES AFFORD DECENT, SAFE, AND SANITARY RENTAL HOUSING. APPROXIMATELY 38 HOUSEHOLDS SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Evans President An | Officer | 40 | $132,831 |
Clayton Driskill Finance Dire | Officer | 40 | $20,527 |
Kyle Christian Treasurer | OfficerTrustee | 1 | $0 |
Jim Grebing Vice Chairma | OfficerTrustee | 1 | $0 |
Mike Marshall Chairman | OfficerTrustee | 1 | $0 |
Kathy Teachout Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Joe Sanchez Dba Sanchez Concrete & Construction Weatherization | 12/30/21 | $209,700 |
Pobst Contracting Llc Weatherization | 12/30/21 | $217,284 |
First Class Restoration Contractor | 12/30/21 | $266,227 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,790,689 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,068,159 |
| Noncash contributions included in lines 1a–1f | $37,169 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,858,848 |
| Total Program Service Revenue | $707,405 |
| Investment income | $3,642 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,519 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,706,654 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,676,979 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $153,358 |
| Compensation of current officers, directors, key employees. | $141,989 |
| Compensation to disqualified persons | $59,367 |
| Other salaries and wages | $9,178,952 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,041,631 |
| 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 | $322,939 |
| Advertising and promotion | $23,920 |
| Office expenses | $1,242,007 |
| Information technology | $10,284 |
| Royalties | $0 |
| Occupancy | $1,037,770 |
| Travel | $206,160 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $199,500 |
| Interest | $77,282 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,003,538 |
| Insurance | $0 |
| All other expenses | $47,584 |
| Total functional expenses | $23,143,172 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $463,803 |
| Savings and temporary cash investments | $3,732,563 |
| Pledges and grants receivable | $1,332,582 |
| Accounts receivable, net | $15,475 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,551 |
| Prepaid expenses and deferred charges | $149,629 |
| Net Land, buildings, and equipment | $17,125,253 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,832,856 |
| Accounts payable and accrued expenses | $876,614 |
| Grants payable | $0 |
| Deferred revenue | $2,525,338 |
| 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 | $2,164,016 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,792 |
| Total liabilities | $5,567,760 |
| Net assets without donor restrictions | $16,122,839 |
| Net assets with donor restrictions | $1,142,257 |
| 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 | $22,832,856 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Delta Area Economic Opportunity Corporation has recieved totaling $91,384.
| Awarding Organization | Amount |
|---|---|
Delta Dental Of Missouri St Louis, MO PURPOSE: General Support | $75,000 |
Southeast Missouri Food Bank Sikeston, MO | | $16,348 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $36 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Community Development Corporation Inc Memphis, TN | $275,024,548 | $28,566,509 |
Crawford Sebastian Community Development Council Inc Fort Smith, AR | $10,081,488 | $25,336,007 |
Delta Area Economic Opportunity Corporation Portageville, MO | $22,832,856 | $23,706,654 |
Upper East Tennessee Human Development Agency Kingsport, TN | $7,143,102 | $23,146,809 |
Pennyrile Allied Community Services Inc Hopkinsville, KY | $9,618,726 | $22,758,893 |
Northwest Tennessee Economic Development Council Dresden, TN | $2,980,191 | $21,895,121 |
Lexington Center Corporation Lexington, KY | $378,439,328 | $16,156,810 |
Des Moines Performing Arts Des Moines, IA | $53,428,793 | $29,638,099 |
Kentucky River Foothills Development Council Inc Richmond, KY | $12,381,295 | $19,871,173 |
Community Action Of Eastern Iowa Davenport, IA | $4,145,446 | $19,807,458 |
Community Action Of Southern Kentucky Incorporated Bowling Green, KY | $10,381,389 | $18,999,181 |
Northern Kentucky Community Action Commisson Inc Covington, KY | $8,823,439 | $18,121,235 |