Economic Opportunities Council Of Indian River County Inc
- Assets
- $1.9m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 116
- Location
- Vero Beach, FL
- Founding
- 12/1965
- Data as of
- 09/2023
- EIN
- 59-1144567
Organization Overview
Economic Opportunities Council Of Indian River County Inc is located in Vero Beach, FL. The organization was established in 1965. 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 09/2023, Economic Opportunities Council Of Indian River County Inc employed 116 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Economic Opportunities Council Of Indian River County 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 09/2023, Economic Opportunities Council Of Indian River County Inc generated $8.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $8.1m during the year ending 09/2023. While expenses have increased by 7.8% 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 PARTNER WITH ALL ASPECTS OF THE COMMUNITY IN CREATING OPPORTUNITIES FOR LOW INCOME FAMILIES TO BECOME SELF-SUFFICIENT AND OWN A STAKE IN THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEAD START PROGRAM - HEAD START IS A COMPREHENSIVE SCHOOL READINESS PROGRAM WHICH ENHANCES THE SOCIAL, PHYSICAL, AND COGNITIVE DEVELOPMENT OF LOW-INCOME, AT-RISK CHILDREN.
THE LOW INCOME HOME ENERGY ASSISTANCE PROGRAM (LIHEAP) HELPS LOW-INCOME HOUSEHOLDS MEET THE COSTS OF COOLING/ HEATING THEIR HOMES. LIHEAP OFFERS 2 PROGRAMS: HOME ENERGY AND CRISIS ENERGY. HOME ENERGY FUNDS ARE PROVIDED ONCE A YEAR AND ARE BASED ON THE CLIENTS GROSS INCOME AND HOUSEHOLD SIZE. CRISIS FUNDING IS AVAILABLE WHEN A CLIENT EXPERIENCES A FINANCIAL CRISIS. IT HELPS KEEP ELECTRICITY ON, OR RESTORES IT IF NEEDED. IN THE 2022 FISCAL YEAR, EOC ASSISTED OVER THREE THOUSAND HOUSEHOLDS WITH UTILITY ASSISTANCE.
THE VOLUNTARY PRE-KINDERGARTEN PROGRAM PROVIDES DEVELOPMENTALLY APPROPRIATE INSTRUCTION AND ACTIVITIES TO PREPARE CHILDREN FOR KINDERGARTEN. THIS PROGRAM INCLUDES 540 INSTRUCTIONAL HOURS OVER THE COURSE OF THE SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Davis-Green Executive Director | Officer | 40 | $97,358 |
Joanne Cala Director | Trustee | 2 | $0 |
Ron Stransky Director | Trustee | 2 | $0 |
Kelly Wilson Director | Trustee | 2 | $0 |
Letwain Walker Director | Trustee | 2 | $0 |
Nancy Mccurry Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,717,154 |
| All other contributions, gifts, grants, and similar amounts not included above | $390,101 |
| Noncash contributions included in lines 1a–1f | $150,889 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,107,255 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $8,107,255 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,531,286 |
| 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 | $4,110,891 |
| 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 | $19,450 |
| 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 | $115,985 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $460,451 |
| Travel | $146,668 |
| 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 | $174,030 |
| Insurance | $81,459 |
| All other expenses | $0 |
| Total functional expenses | $8,095,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $556,423 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $348,365 |
| Accounts receivable, net | $0 |
| 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 | $180,247 |
| Net Land, buildings, and equipment | $624,426 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $218,800 |
| Total assets | $1,928,261 |
| Accounts payable and accrued expenses | $574,642 |
| Grants payable | $0 |
| Deferred revenue | $1,000 |
| 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 | $222,516 |
| Total liabilities | $798,158 |
| Net assets without donor restrictions | $1,130,103 |
| 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 | $1,928,261 |