Coastal Plain Area Economic Opportunity Authority Inc
- Assets
- $2.3m
- Revenue
- $16.9m
- Investments
- $0.0
- Employees
- 258
- Location
- Valdosta, GA
- Founding
- 10/1975
- Data as of
- 03/2023
- EIN
- 58-0973213
Organization Overview
Coastal Plain Area Economic Opportunity Authority Inc is located in Valdosta, GA. The organization was established in 1975. 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 03/2023, Coastal Plain Area Economic Opportunity Authority Inc employed 258 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coastal Plain Area Economic Opportunity Authority 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 03/2023, Coastal Plain Area Economic Opportunity Authority Inc generated $16.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $17.1m during the year ending 03/2023. While expenses have increased by 4.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW INCOME ASSISTANCE FOR IMPROVEMENT IN QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEADSTART: THE PROGRAM IS A COMPREHENSIVE EARLY CHILDHOOD EDUCATION DEVELOPMENT PROGRAM FOR ECONOMICALLY DISADVANTAGED CHILDREN AND FAMILIES. HEAD START RECEIVED IN-KIND DONATIONS OF SERVICES AND RENTAL SPACE OF 2,026,037.
CHILD AND ADULT CARE FOOD PROGRAM: PROGRAM PROVIDES FINANCIAL ASSISTANCE TO THE AGENCY IN PROVIDING FREE MEALS TO ELIGIBLE CHILDREN ENROLLED IN THE AGENCY'S HEAD START PROGRAM. WEATHERIZATION ASSISTANCE PROGRAM: PROGRAM REDUCES ENERGY COSTS FOR LOW- INCOME HOUSEHOLDS BY INCREASING THE ENERGY EFFICIENCY OF THEIR HOMES, WHILE ENSURING THEIR HEALTH AND SAFETY.
LOW INCOME HOME ENERGY ASSISTANCE PROGRAM: THIS IS AN ENERGY ASSISTANCE PROGRAM FOR LOW INCOME FAMILIES AND INDIVIDUALS.
COMMUNITY SERVICE BLOCK GRANT: THIS IS A PROGRAM TO PROVIDE COMMUNITY-BASED SERVICES TO LOW-INCOME CLIENTS TO HELP THEM OBTAIN SELF-SUFFICIENCY. WEATHERIZATION: PROGRAM PROVIDES MATERIALS AND LABOR NECESSARY TO INCREASE ENERGY EFFICIENCY FOR HOMES OF LOW-INCOME, ELDERLY AND HANDICAPPED INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Acree Member | Trustee | $0 | |
Shirley Andrews Vice Chairpe | OfficerTrustee | $0 | |
Virginia Craig Member | Trustee | $0 | |
Lester Crowder Member | Trustee | $0 | |
Nancy Dennard Chairperson | OfficerTrustee | $0 | |
Zurich Deshazior Member | Trustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hahira Heating And Air Llc Weatherization | 3/30/23 | $119,428 |
Men4men Llc Hs Consulting | 3/30/23 | $102,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,893,581 |
| All other contributions, gifts, grants, and similar amounts not included above | $90 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,893,671 |
| Total Program Service Revenue | $7,268 |
| Investment income | $582 |
| 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 | $16,901,551 |
| 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. | $185,057 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,194,296 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $814,698 |
| Payroll taxes | $402,420 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $59,494 |
| 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 | $104,206 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $241,560 |
| Travel | $147,870 |
| 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 | $7,527 |
| Insurance | $137,126 |
| All other expenses | $2,397,623 |
| Total functional expenses | $17,073,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $859,001 |
| Savings and temporary cash investments | $161,484 |
| Pledges and grants receivable | $1,048,871 |
| Accounts receivable, net | $42,414 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,109 |
| Prepaid expenses and deferred charges | $98,789 |
| Net Land, buildings, and equipment | $34,164 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,250,832 |
| Accounts payable and accrued expenses | $580,909 |
| Grants payable | $0 |
| Deferred revenue | $387,276 |
| 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 | $229,377 |
| Total liabilities | $1,197,562 |
| Net assets without donor restrictions | $1,053,270 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,250,832 |