Lincoln County Opportunity Company
- Assets
- $12.9m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 259
- Location
- Hamlin, WV
- Founding
- 02/1967
- Data as of
- 09/2021
- EIN
- 55-0484660
Organization Overview
Lincoln County Opportunity Company is located in Hamlin, WV. The organization was established in 1967. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2021, Lincoln County Opportunity Company employed 259 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln County Opportunity Company 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 09/2021, Lincoln County Opportunity Company generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $4.9m during the year ending 09/2021. While expenses have increased by 5.3% per year over the past 6 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
TO PROMOTE AND PROVIDE SOCIAL SERVICE PROGRAMS TO IMPROVE THE LIVES OF SENIOR CITIZENS AND LOW-INCOME INDIVIDUALS IN WEST VIRGINIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE AND PROVIDE SOCIAL SERVICE PROGRAMS TO IMPROVE THE LIVES OF SENIOR CITIZENS AND LOW-INCOME INDIVIDUALS IN WEST VIRGINIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Carpenter Executive Director | Officer | 50 | $141,520 |
Julie Smith Accountant | 40 | $31,063 | |
Clifford Vance Vice Chair | Trustee | 1 | $0 |
Tracey Dempsey Member | Trustee | 1 | $0 |
Brian Barrett Chair | Trustee | 1 | $0 |
Keith Workman Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $140,753 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,753 |
| Total Program Service Revenue | $5,917,843 |
| Investment income | $632,185 |
| 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 | $6,690,781 |
| 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. | $172,583 |
| Compensation of current officers, directors, key employees. | $172,583 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,856,798 |
| Pension plan accruals and contributions | $200,097 |
| Other employee benefits | $91,938 |
| Payroll taxes | $270,075 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,662 |
| Fees for services: Accounting | $19,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,700 |
| Office expenses | $91,360 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,200 |
| Travel | $52,289 |
| 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 | $0 |
| Insurance | $60,361 |
| All other expenses | $603,231 |
| Total functional expenses | $4,901,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,686,603 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,208,098 |
| 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 | $4,014,466 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,894 |
| Total assets | $12,939,061 |
| Accounts payable and accrued expenses | $1,183,301 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,183,301 |
| Net assets without donor restrictions | $7,741,294 |
| Net assets with donor restrictions | $4,014,466 |
| 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 | $12,939,061 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lincoln County Opportunity Company has recieved totaling $1,035.
| Awarding Organization | Amount |
|---|---|
Peoples Bank Foundation Inc Marietta, OH PURPOSE: Q4 DONATION | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $35 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |
Pittsburgh Promise Foundation Pittsburgh, PA | $59,585,111 | $15,082,951 |
Silver Valley Research Foundation Mclean, VA | $1,699,232 | $12,100,000 |
Pennsylvania Ems Provider Foundation Harrisburg, PA | $55,116 | $0 |
The M S Hershey Foundation Hershey, PA | $64,689,691 | $17,201,612 |
Asbury Foundation Inc Frederick, MD | $52,948,136 | $11,506,831 |
York Foundation Herndon, VA | $79,294,285 | $7,194,037 |
New Albany Community Foundation New Albany, OH | $19,894,351 | $7,914,986 |