Neighbors Educational Opportunities Inc
- Assets
- $4.8m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 55
- Location
- Portage, IN
- Founding
- 07/2011
- Data as of
- 06/2023
- EIN
- 45-0697456
Organization Overview
Neighbors Educational Opportunities Inc is located in Portage, IN. The organization was established in 2011. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Neighbors Educational Opportunities Inc employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighbors Educational 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 06/2023, Neighbors Educational Opportunities Inc generated $3.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $2.8m during the year ending 06/2023. While expenses have increased by 4.5% per year over the past 8 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
OFFER PORTER AND LAKE COUNTY STUDENTS A VIABLE OPPORTUNITY TO EARN THEIR HIGH SCHOOL DIPLOMA AND GAIN THE SKILLS NECESSARY FOR SUCCESS IN AN EVER CHANGING GLOBAL ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PORTAGE ADULT EDUCATION CENTER WHICH DELIVERS CLASSES THAT HELP ADULTS IMPROVE THEIR LITERACY SKILLS AND PREPARE FOR COLLEGE AND THE WORKPLACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Reiner Executive Di | Trustee | $0 | |
Amelia Boggess Vice Preside | Officer | $0 | |
Samantha Burgett Member | Officer | $0 | |
Isaac Carr Treasurer | Officer | $0 | |
Dexter Harris Member | Officer | $0 | |
Wynton Jones Member | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,211,456 |
| All other contributions, gifts, grants, and similar amounts not included above | $108,436 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,319,892 |
| Total Program Service Revenue | $72,166 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,392,058 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,437,683 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $83,759 |
| Payroll taxes | $109,983 |
| 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 | $265,084 |
| Advertising and promotion | $22,504 |
| Office expenses | $60,393 |
| Information technology | $59,148 |
| Royalties | $0 |
| Occupancy | $101,990 |
| Travel | $48,150 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $118,775 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $176,846 |
| Insurance | $28,540 |
| All other expenses | $1,927 |
| Total functional expenses | $2,797,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $246,090 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $205,848 |
| Accounts receivable, net | $9,714 |
| 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 | $0 |
| Net Land, buildings, and equipment | $4,341,374 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,998 |
| Total assets | $4,814,024 |
| Accounts payable and accrued expenses | $126,217 |
| 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 | $3,186,578 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,117 |
| Total liabilities | $3,318,912 |
| Net assets without donor restrictions | $1,495,112 |
| 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 | $4,814,024 |