Waccamaw Economic Opportunity Council Inc
- Assets
- $5.1m
- Revenue
- $14.9m
- Investments
- $0.0
- Employees
- 205
- Location
- Conway, SC
- Founding
- 03/1966
- Data as of
- 12/2021
- EIN
- 57-6027714
Organization Overview
Waccamaw Economic Opportunity Council Inc is located in Conway, SC. The organization was established in 1966. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Waccamaw Economic Opportunity Council Inc employed 205 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waccamaw Economic Opportunity Council 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 12/2021, Waccamaw Economic Opportunity Council Inc generated $14.9m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $14.9m during the year ending 12/2021. While expenses have increased by 5.8% per year over the past 4 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
THE AGENCY ADMINISTERS PROGRAMS TO PROMOTE HEALTH, EDUCATION, WELFARE, HOUSING AND EMPLOYMENT FOR QUALIFIED INDIVIDUALS IN THEIR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WACCAMAW ECONOMIC OPPORTUNITY COUNCIL SERVES THE COMMUNITY BY ADMINISTERING THE FOLLOWING PROGRAMS: HEADSTART, FIRST STEP, CSBG, SUMMER FOODS AND OTHER LOCAL PROGRAMS. MOST OF THE ORGANIZATION'S INCOME IS DERIVED FROM FEDERAL, STATE AND LOCAL GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James L Pasley Jr Executive Director | OfficerTrustee | 40 | $136,399 |
Janice Wideman Finance Director | OfficerTrustee | 40 | $82,137 |
W Jeanie Brown-Burrows 2nd Vice Chairman | OfficerTrustee | 1 | $0 |
Theresa Brooks Secretary | OfficerTrustee | 1 | $0 |
Alfred Jean Pierre Jr Chairman | OfficerTrustee | 1 | $0 |
Harold Phillips Parliamentarian | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,928,545 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,525 |
| 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 | $14,927,020 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $4,727,100 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $205,082 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,378,481 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,291,903 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,639 |
| Advertising and promotion | $12,287 |
| Office expenses | $124,813 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $735,596 |
| Travel | $159,250 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $146,916 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $156,369 |
| Insurance | $148,022 |
| All other expenses | $0 |
| Total functional expenses | $14,877,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,318,593 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $581,589 |
| Accounts receivable, net | $6,704 |
| 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 | $135,927 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,099,665 |
| Accounts payable and accrued expenses | $759,323 |
| Grants payable | $0 |
| Deferred revenue | $1,014,100 |
| 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 | $1,133,724 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,907,147 |
| Net assets without donor restrictions | $2,192,518 |
| 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 |
| Total liabilities and net assets/fund balances | $2,192,518 |