Meadows Center For Opportunity Inc
- Assets
- $2.7m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 53
- Location
- Edmond, OK
- Founding
- 05/1982
- Data as of
- 06/2023
- EIN
- 73-1132949
Organization Overview
Meadows Center For Opportunity Inc is located in Edmond, OK. The organization was established in 1982. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 06/2023, Meadows Center For Opportunity Inc employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meadows Center For 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 06/2023, Meadows Center For Opportunity Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $1.6m during the year ending 06/2023. While expenses have increased by 1.7% 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
SHELTERED WORKSHOP-PROVIDING ADULTS WITH DEVELOPMENTAL DISABILITIES THE OPPORTUNITY TO WORK, SOCIALIZE AND FOCUS ON A PRODUCTIVE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MEADOWS CENTER FOR OPPORTUNITY, INC. IS DIFFERENT FROM ORGANIZATIONS IN MANY OTHER STATES BECAUSE WE DEPEND HEAVILY ON CONTRACTED WORK AND THE REVENUE FROM THAT WORK TO MAINTAIN OPERATIONS. WE ARE ACTUALLY A SMALL BUSINESS THAT HIRES INDIVIDUALS WITH DISABILITIES. ON THE AVERAGE, OUR WORKSHOP'S CONTRACT REVENUE (DOCUMENT DESTRUCTION AND PACKAGING) ACCOUNTS FOR 65-70% OF OUR REVENUE, GOVERNMENT ASSISTANCE 10-20%, AND THE BALANCE FROM GRANTS, INTEREST FROM OUR INVESTMENTS AND OUR ANNUAL FUNDRAISER. BECAUSE OF OUR DEPENDENCY ON CONTRACT REVENUE, THE MEADOWS READILY RESPONDS TO CUSTOMER NEEDS RELATING TO QUALITY, AND TURN-AROUND TIME. JOBS PERFORMED INCLUDE; DOCUMENT/MEDIA PICK-UP, DELIVERY OF EQUIPMENT, SORTING DOCUMENTS/MEDIA FOR DESTRUCTION, SHREDDING/DESTRUCTION, PACKAGING (BAGGING, SHRINK WRAPPING, BLISTER PACKAGING, BOXING), ASSEMBLY, MARKETING AND PUBLIC RELATIONS SERVICES (COLLATING, STUFFING, AND SORTING MAILINGS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Hill Executive Direc | Officer | 40 | $94,822 |
Buck Whitehead Director | Trustee | 1 | $0 |
Barney Welch Director | Trustee | 1 | $0 |
Joe Cole Director | Trustee | 1 | $0 |
Dean Paynter Director | Trustee | 1 | $0 |
Phil Stewart Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $875 |
| Fundraising events | $47,220 |
| Related organizations | $0 |
| Government grants | $44,075 |
| All other contributions, gifts, grants, and similar amounts not included above | $124,891 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $217,061 |
| Total Program Service Revenue | $1,380,009 |
| Investment income | $13,031 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$6,252 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,767,111 |
| 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. | $94,822 |
| Compensation of current officers, directors, key employees. | $35,463 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $774,763 |
| Pension plan accruals and contributions | $10,530 |
| Other employee benefits | $82,224 |
| Payroll taxes | $73,940 |
| 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 | $32,817 |
| Advertising and promotion | $29,989 |
| Office expenses | $43,568 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $71,881 |
| Travel | $2,400 |
| 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 | $86,938 |
| Insurance | $57,991 |
| All other expenses | $6,094 |
| Total functional expenses | $1,600,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $610,406 |
| Savings and temporary cash investments | $14,974 |
| Pledges and grants receivable | $21,104 |
| Accounts receivable, net | $248,445 |
| 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 | $37,290 |
| Net Land, buildings, and equipment | $1,293,030 |
| Investments—publicly traded securities | $421,751 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $102,649 |
| Total assets | $2,749,649 |
| Accounts payable and accrued expenses | $47,463 |
| 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 | $45,597 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $93,060 |
| Net assets without donor restrictions | $2,556,918 |
| Net assets with donor restrictions | $99,671 |
| 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 | $2,749,649 |