Eo Companies
- Assets
- $18.8m
- Revenue
- $17.9m
- Investments
- $0.0
- Employees
- 49
- Location
- Abingdon, VA
- Founding
- Data as of
- 06/2023
- EIN
- 54-0718860
Organization Overview
Eo Companies is located in Abingdon, VA. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, Eo Companies employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eo Companies 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, Eo Companies generated $17.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.8% each year . All expenses for the organization totaled $9.5m during the year ending 06/2023. While expenses have increased by 23.7% 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.
Since 2016, Eo Companies has awarded 124 individual grants totaling $7,603,383. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
UNITED WAY OF SOUTHWEST VIRGINIA FIGHTS FOR THE HEALTH, EDUCATION AND FINANCIAL STABILITY OF EVERY PERSON IN SOUTHWEST VIRGINIA BECAUSE THEY ARE THE BUILDING BLOCKS FOR A GOOD QUALITY OF LIFE. THROUGH AN INITIATIVE- BASED CRADLE-TO-CAREER APPROACH, UNITED WAY OF SOUTHWEST VIRGINIA IS CREATING SUSTAINABLE SOLUTIONS TO ADDRESS THE CHALLENGES FACING TOMORROW'S WORKFORCE. UNITED WAY CONVENES CROSS-SECTOR PARTNERS TO MAKE AN IMPACT ON THE MOST COMPLEX PROBLEMS IN OUR REGION. THROUGH COLLABORATION WITH GOVERNMENT, BUSINESS, NONPROFIT AND INDIVIDUALS, UNITED WAY INNOVATES FOR POSITIVE, LASTING SOCIAL CHANGE. WITH A FOOTPRINT THAT COVERS NEARLY 19% OF THE STATE OF VIRGINIA, UNITED WAY OF SOUTHWEST VIRGINIA PROGRAMS AND INITIATIVES SERVE THE COUNTIES OF BLAND, BUCHANAN, CARROLL, DICKENSON, FLOYD, GILES, GRAYSON, LEE, MONTGOMERY, PULASKI, RUSSELL, SCOTT, SMYTH, TAZEWELL, WASHINGTON, WISE, AND WYTHE, AND THE CITIES OF BRISTOL, GALAX, NORTON, AND RADFORD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNITED WAY OF SOUTHWEST VIRGINIA FIGHTS FOR THE HEALTH, EDUCATION AND FINANCIAL STABILITY OF EVERY PERSON IN SOUTHWEST VIRGINIA BECAUSE THEY ARE THE BUILDING BLOCKS FOR A GOOD QUALITY OF LIFE. THROUGH AN INITIATIVE- BASED CRADLE-TO-CAREER APPROACH, UNITED WAY OF SOUTHWEST VIRGINIA IS CREATING SUSTAINABLE SOLUTIONS TO ADDRESS THE CHALLENGES FACING TOMORROW'S WORKFORCE. UNITED WAY CONVENES CROSS-SECTOR PARTNERS TO MAKE AN IMPACT ON THE MOST COMPLEX PROBLEMS IN OUR REGION. THROUGH COLLABORATION WITH GOVERNMENT, BUSINESS, NONPROFIT AND INDIVIDUALS, UNITED WAY INNOVATES FOR POSITIVE, LASTING SOCIAL CHANGE. WITH A FOOTPRINT THAT COVERS NEARLY 19% OF THE STATE OF VIRGINIA, UNITED WAY OF SOUTHWEST VIRGINIA PROGRAMS AND INITIATIVES SERVE THE COUNTIES OF BLAND, BUCHANAN, CARROLL, DICKENSON, FLOYD, GILES, GRAYSON, LEE, MONTGOMERY, PULASKI, RUSSELL, SCOTT, SMYTH, TAZEWELL, WASHINGTON, WISE, AND WYTHE, AND THE CITIES OF BRISTOL, GALAX, NORTON, AND RADFORD. UNITED WAY OF SOUTHWEST VIRGINIA IS FIGHTING FOR: - THE HEALTH OF THE REGION BY PROMOTING HEALTHY EATING, LOWERING THE COST OF PRESCRIPTION MEDICATIONS, BUILDING A MORE RESILIENT COMMUNITY, AND INTEGRATING HEALTH INTO EARLY CHILDHOOD DEVELOPMENT. - THE EDUCATION OF THE REGION BY MAKING SURE CHILDREN AND YOUTH CAN START SCHOOL READY TO SUCCEED, BECOME PROFICIENT READERS AT A YOUNG AGE, STAY ON TRACK IN MIDDLE SCHOOL, EARN THEIR HIGH SCHOOL DIPLOMA, AND PURSUE A HIGHER EDUCATION OR CAREER. - THE FINANCIAL STABILITY OF THE REGION BY EMPOWERING PEOPLE TO GET ON STABLE FINANCIAL GROUND WITH PROVEN METHODS LIKE TAX PREPARATION ASSISTANCE AND COMMUNITY PARTNERSHIPS AIMED AT HELPING LOCAL FAMILIES KEEP THEIR HARD-EARNED MONEY. THE RESULT IS A THRIVING COMMUNITY WHERE EVERYONE HAS MORE OPPORTUNITY TO SUCCEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Travis Staton CEO | Officer | 50 | $131,556 |
Stacey Ely Director | Trustee | 1 | $0 |
Brendan Mcsheehy Director-Cha | OfficerTrustee | 1 | $0 |
Kris Westover Director-Vic | OfficerTrustee | 1 | $0 |
Alan Jones Jr Director-Tre | OfficerTrustee | 1 | $0 |
Chuck Slemp Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $9,881,454 |
| Membership dues | $0 |
| Fundraising events | $34,134 |
| Related organizations | $0 |
| Government grants | $6,710,426 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,213 |
| Noncash contributions included in lines 1a–1f | $5,894,213 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,670,227 |
| Total Program Service Revenue | $0 |
| Investment income | $62,903 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$16,349 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,857,716 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,942,534 |
| Grants and other assistance to domestic individuals. | $1,867,401 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $131,556 |
| Compensation of current officers, directors, key employees. | $19,733 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,974,675 |
| Pension plan accruals and contributions | $50,527 |
| Other employee benefits | $249,497 |
| Payroll taxes | $161,399 |
| Fees for services: Management | $327,132 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $72,619 |
| Office expenses | $64,390 |
| Information technology | $194,133 |
| Royalties | $0 |
| Occupancy | $89,891 |
| Travel | $59,323 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $81,129 |
| Interest | $0 |
| Payments to affiliates | $20,425 |
| Depreciation, depletion, and amortization | $38,468 |
| Insurance | $4,652 |
| All other expenses | $0 |
| Total functional expenses | $9,450,907 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $4,214,333 |
| Pledges and grants receivable | $1,990,865 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $1,893,489 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $155,966 |
| Net Land, buildings, and equipment | $10,499,835 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,975 |
| Total assets | $18,770,963 |
| Accounts payable and accrued expenses | $371,580 |
| Grants payable | $0 |
| Deferred revenue | $3,599,519 |
| 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 | $3,580,808 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $45,425 |
| Total liabilities | $7,597,332 |
| Net assets without donor restrictions | $3,100,006 |
| Net assets with donor restrictions | $8,073,625 |
| 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 | $18,770,963 |
Grants Awarded
Over the last fiscal year, Eo Companies has awarded $3,942,534 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
BLUE MOUNTAIN THERAPY PURPOSE: DAYCARE SUPPORT | $336,667 |
BRIGHT BEGINNINGS DAYCARE PURPOSE: DAYCARE SUPPORT | $240,000 |
BRISTOL VA PUBLIC SCHOOLS PURPOSE: K-CAMPS | $16,667 |
COPPER HILL CHILDCARE PURPOSE: DAYCARE SUPPORT | $100,000 |
DARLA MARTIN PURPOSE: DAYCARE SUPPORT | $78,533 |
DISCOVERY DAYCARE INC PURPOSE: DAYCARE SUPPORT | $308,667 |