Watauga Opportunities Inc
- Assets
- $6.2m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 151
- Location
- Boone, NC
- Founding
- 12/1974
- Data as of
- 06/2022
- EIN
- 56-1089285
Organization Overview
Watauga Opportunities Inc is located in Boone, NC. The organization was established in 1974. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 06/2022, Watauga Opportunities Inc employed 151 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watauga 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 06/2022, Watauga Opportunities Inc generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $4.4m during the year ending 06/2022. While expenses have increased by 11.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SHELTERED WORKSHOP/GROUP HOMES
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL SERVICES: TO PROVIDE COMMUNITY-BASED LIVING AND SUPPORTS IN TRADITIONAL HOUSING FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES. PROVIDED GROUP HOME SERVICES IN NORMALIZED COMMUNITY HOMES FOR 12 INDIVIDUALS INCLUDING BASIC SKILLS OF DAILY LIVING, NUTRITION, AND OTHER SUPPORT SERVICES.
COMMUNITY EMPLOYMENT: EVALUATION, JOB DEVLOPMENT, JOB TRAINING, AND EMPLOYMENT FOLLOW-ALONG SERVICES FOR INDIVIDUALS WITH DISABILITIES. 346 PEOPLE WERE SERVED IN EVALUATION, JOB DEVELOPMENT, JOB TRAINING, AND SHORT & LONG TERM EMPLOYMENT FOLLOW-ALONG SERVICES. 65 INDIVIDUALS WERE PLACED IN JOBS.
INNOVATIONS: PROVIDES INDIVIDUALIZED ONE-ON-ONE COMMUNITY BASED SUPPORTS FOR INDIVIDUALS WHO WOULD OTHERWISE NEED INSTITUTIONAL SUPPORT. THE PROGRAM HAS PROVIDED UP TO 20 HOURS PER WEEK OF ONE-ON-ONE COMMUNITY BASED SUPPORT FOR 15 INDIVIDUALS WITH DISABILITIES.
TRAINING/SUPPORTS FOR INDIVIDUALS WITH DISABILITIES AND OTHER BARRIERS TO EMPLOYMENT AND COMMUNITY INVOLVEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Maybee President, CEO | Officer | 40 | $171,824 |
Kimberly Hash Finance Officer | Officer | 40 | $126,282 |
Virginia Walker Chief Operations Officer | 40 | $118,345 | |
Ron Henries Chair | OfficerTrustee | 5 | $0 |
Dayton Cole Vice Chair | OfficerTrustee | 5 | $0 |
Mike Hall Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $622,195 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $622,195 |
| Total Program Service Revenue | $4,041,099 |
| Investment income | $49,877 |
| 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 | $181,263 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,894,434 |
| 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. | $304,106 |
| Compensation of current officers, directors, key employees. | $304,106 |
| Compensation to disqualified persons | $2,508,025 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $391,355 |
| Payroll taxes | $208,092 |
| 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 | $60,120 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $113,623 |
| Travel | $49,316 |
| 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 | $133,513 |
| Insurance | $37,532 |
| All other expenses | $474,002 |
| Total functional expenses | $4,391,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,941,404 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $872,012 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $305,327 |
| Prepaid expenses and deferred charges | $71,372 |
| Net Land, buildings, and equipment | $899,364 |
| Investments—publicly traded securities | $2,080,268 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,846 |
| Total assets | $6,174,593 |
| Accounts payable and accrued expenses | $559,660 |
| 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 | $559,660 |
| Net assets without donor restrictions | $5,611,763 |
| Net assets with donor restrictions | $3,170 |
| 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 | $6,174,593 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Watauga Opportunities Inc has recieved totaling $31.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $31 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Good Vocations Inc Macon, GA | $12,856,222 | $11,950,736 |
Coastal Enterprises Of Jacksonville Inc Jacksonville, NC | $28,700,774 | $9,959,201 |
Watauga Opportunities Inc Boone, NC | $6,174,593 | $4,894,434 |
Liberty Corner Enterprises Inc Asheville, NC | $1,499,174 | $4,141,112 |
Polk County Sheltered Workshop Inc Columbus, NC | $2,694,853 | $2,928,986 |
Rochelle Center Nashville, TN | $4,236,048 | $3,830,558 |
Union Diversified Industries Inc Monroe, NC | $2,733,673 | $2,447,061 |
Wayne Opportunity Center Inc Goldsboro, NC | $2,444,644 | $2,788,957 |
Shen-Paco Industries Inc Quicksburg, VA | $2,025,312 | $2,326,690 |
Vector Industries Inc Waynesboro, VA | $1,292,662 | $2,566,054 |
Wilkes Vocational Services Inc North Wilkesboro, NC | $2,098,184 | $1,962,826 |
Worksource Enterprises Charlottesville, VA | $2,438,593 | $2,183,228 |