Pearl River Valley Opportunity Inc
- Assets
- $18.0m
- Revenue
- $18.5m
- Investments
- $406.8k
- Employees
- 458
- Location
- Columbia, MS
- Founding
- 11/1966
- Data as of
- 09/2022
- EIN
- 64-0433756
Organization Overview
Pearl River Valley Opportunity Inc is located in Columbia, MS. The organization was established in 1966. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2022, Pearl River Valley Opportunity Inc employed 458 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pearl River Valley Opportunity 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 09/2022, Pearl River Valley Opportunity Inc generated $18.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $19.4m during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 7 years. 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
TO PROVIDE COMMUNITY SERVICES PROMOTING SELF-SUFFICIENCY FOR DISADVANTAGED INDIVIDUALS, FAMILIES, AND BUSINESSES BY ESTABLISHING PARTNERSHIPS IN MISSISSIPPI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH SERVICES - PROGRAM PROVIDES LEARNING OPPORTUNITY AND MEDICAL ASSISTANCE FOR PRESCHOOL CHILDREN WHICH MEET ELIGIBILITY REQUIREMENTS.
AGING - PROVIDES SENIOR CENTERS AND MEALS FOR INDIVIDUALS 60 YEARS OR OLDER.
EMERGENCY ASSISTANCE - PROVIDES ASSISTANCE TO LOW-INCOME INDIVIDUALS FOR ENERGY BILLS AND OTHER VARIOUS SERVICES.
LOAN PROGRAMS - PROVIDES LOANS FOR HOUSING IMPROVEMENTS AND FOR THE PURPOSE OF CREATING AND RETAINING JOBS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corey Proctor Chairman | Trustee | 1 | $0 |
Kenneth Smith Vice-Chairman | Trustee | 1 | $0 |
Ivory Shelby Director | Trustee | 1 | $0 |
Arthur Keys Director | Trustee | 1 | $0 |
Conrad Preston Director | Trustee | 1 | $0 |
Dedra Johnson Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Elvender Holt Hvac Contractor | 9/29/22 | $246,718 |
Unabridged Architecture Architect | 9/29/22 | $141,900 |
Shaft T Hathorn Hvac Contractor | 9/29/22 | $132,862 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,455,288 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,452 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,457,740 |
| Total Program Service Revenue | $1,966,510 |
| Investment income | $46,413 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $52,519 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,523,182 |
| 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. | $400,208 |
| Compensation of current officers, directors, key employees. | $287,479 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,210,166 |
| Pension plan accruals and contributions | $109,455 |
| Other employee benefits | $894,116 |
| Payroll taxes | $549,698 |
| 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 | $138,147 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $263,957 |
| Travel | $116,968 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $160,004 |
| Interest | $227,748 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $873,289 |
| Insurance | $474,074 |
| All other expenses | $905,171 |
| Total functional expenses | $19,448,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,015,169 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $335,535 |
| Accounts receivable, net | $107,181 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $72,886 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $82,003 |
| Net Land, buildings, and equipment | $7,243,362 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $406,784 |
| Investments—program-related | $525,426 |
| Intangible assets | $0 |
| Other assets | $8,182,833 |
| Total assets | $17,971,179 |
| Accounts payable and accrued expenses | $1,236,469 |
| Grants payable | $0 |
| Deferred revenue | $909,952 |
| 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 | $6,292,514 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $30,950 |
| Total liabilities | $8,469,885 |
| Net assets without donor restrictions | $4,184,703 |
| Net assets with donor restrictions | $5,316,591 |
| 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 | $17,971,179 |