Echo Inc
- Assets
- $3.2m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, VA
- Founding
- 10/1969
- Data as of
- 06/2022
- EIN
- 54-0852799
Organization Overview
Echo Inc is located in Springfield, VA. The organization was established in 1969. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Echo 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 06/2022, Echo Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. While expenses have increased by 1.0% 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 2015, Echo Inc has awarded 29 individual grants totaling $1,145,406. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF ECHO IS TO HELP PEOPLE IN NEED IN OUR COMMUNITY BY ASSISTING THOSE WHO SUFFER THE EFFECT OF LONG-TERM POVERTY AS WELL AS PEOPLE WHO ARE EXPERIENCING AN EMERGENCY NEED. ECHO PROVIDES FINANCIAL ASSISTANCE, FOOD, CLOTHING, HOUSEHOLD ITEMS, SCHOOL SUPPLIES AND HOLIDAY ASSISTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFTER TWO YEARS OF PANDEMIC-RELATED SERVICE ADAPTATIONS, ECHO RETURNED TO A NORMAL MODE OF OPERATION BY JUNE OF 2022, BUT WITH MASK AND VACCINE MANDATES STILL IN PLACE. ECHO WAS ABLE TO ASSIST 1,487 UNDUPLICATED HOUSEHOLDS (5,526 INDIVIDUALS) IN FY 2022. DURING THE YEAR 416 HOUSEHOLDS RECEIVED ASSISTANCE TO PAY BILLS FOR HOUSING, UTILITIES, PRESCRIPTIONS, AND OTHER ESSENTIAL NEEDS. IN ADDITION, 203 HOUSEHOLDS RECEIVED ASSISTANCE THROUGH COOPERATIVE AGREEMENTS WITH FAIRFAX COUNTY UNDER THE CARES ACT AND THE EMERGENCY RENTAL ASSISTANCE PROGRAM. CLIENTS RECEIVED 266,999 POUNDS OF FOOD PLUS $48,180 IN COUPONS FOR FRESH PRODUCE, MEAT AND MILK; 3,386 CLOTHING BAGS; AND HOUSEHOLD ITEMS VALUED AT $130,444. 1,077 CHILDREN RECEIVED BACKPACKS FILLED WITH SCHOOL SUPPLIES. INCLUDED IN THE HOUSEHOLD ITEMS WERE 27 REFURBISHED COMPUTERS AND 1,662 ENRICHMENT BAGS CONTAINING BOOKS AND TOYS FOR CHILDREN OF CLIENT FAMILIES. 521 FAMILIES RECEIVED HOLIDAY FOOD, AND 588 CHILDREN FROM 241 FAMILIES RECEIVED HOLIDAY GIFTS. BEGINNING IN MARCH 2021 AND CONTINUING THROUGH FY2022, ECHO PROVIDED ADDITIONAL SUPPORT TO FAMILIES WITH INFANTS AND YOUNG CHILDREN, SUPPLYING FULL CASES OF DISPOSABLE DIAPERS ON A MONTHLY BASIS. THAT ECHO CONTINUED TO MEET CLIENT NEEDS DURING THE PANDEMIC GIVES ELOQUENT TESTIMONY TO THE MATURITY OF THE ORGANIZATION AND ITS PROCESSES, THE SELFLESSNESS OF ITS VOLUNTEERS, AND THE GENEROSITY OF ITS DONORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Vitter President, Board Of Directors | OfficerTrustee | 30 | $0 |
Douglas Taylor Director | Trustee | 2 | $0 |
Nancy Sherman Director | Trustee | 2 | $0 |
Vida Vatanpour Director | Trustee | 0.5 | $0 |
Kathy Fleming Director | Trustee | 1 | $0 |
Ann Chiles Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $40,473 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $49,999 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,667,814 |
| Noncash contributions included in lines 1a–1f | $1,095,113 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,758,286 |
| Total Program Service Revenue | $0 |
| Investment income | $77 |
| 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 | $45,599 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,803,962 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $44,811 |
| Grants and other assistance to domestic individuals. | $1,506,375 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,677 |
| 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 | $25,642 |
| Information technology | $4,949 |
| Royalties | $0 |
| Occupancy | $25,896 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,373 |
| Insurance | $6,243 |
| All other expenses | $0 |
| Total functional expenses | $1,664,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $976,147 |
| Savings and temporary cash investments | $287,036 |
| Pledges and grants receivable | $41,751 |
| Accounts receivable, net | $1,014 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $195,601 |
| Prepaid expenses and deferred charges | $11,075 |
| Net Land, buildings, and equipment | $1,535,005 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $105,908 |
| Total assets | $3,153,537 |
| Accounts payable and accrued expenses | $8,193 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $6,710 |
| 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 | $0 |
| Total liabilities | $14,903 |
| Net assets without donor restrictions | $3,059,459 |
| Net assets with donor restrictions | $79,175 |
| 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 | $3,153,537 |
Grants Awarded
Over the last fiscal year, Echo Inc has awarded $19,721 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MEDICAL MISSIONARIES INC PURPOSE: General Support | $6,318 |
FIRST BAPTIST CHURCH OF SPRINGFIELD PURPOSE: Support for baby formula ministry serving needy families | $5,603 |
SECOND STORY PURPOSE: General Support | $7,800 |