Economic Council Helping Others Inc
- Assets
- $2.9m
- Revenue
- $7.5m
- Investments
- $4.9k
- Employees
- 56
- Location
- Farmington, NM
- Founding
- 01/1973
- Data as of
- 09/2023
- EIN
- 85-0196667
Organization Overview
Economic Council Helping Others Inc is located in Farmington, NM. The organization was established in 1973. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 09/2023, Economic Council Helping Others Inc employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Economic Council Helping Others 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 Council Helping Others Inc generated $7.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $7.3m during the year ending 09/2023. While expenses have increased by 0.3% 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
ADMINISTER GRANTS FROM VARIOUS SOURCES FOR THE PURPOSES OF IDENTIFYING, ASSISTING, AND ELIMINATING THE CAUSES OF POVERTY WITHIN NORTHERN NEW MEXICO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMODITY SUPPLEMENTAL FOOD PROGRAM PROVIDES WAREHOUSING, CERTIFICATION OF CLIENTS, INVENTORY CONTROL AND FOOD DISTRUBTION TO LOW-INCOME INDIVIDUALS AND FAMILIES TO PROMOTE PUBLIC HEALTH STANDARDS.
TO SUPPORT SERVICES AND ACTIVITIES FOR INDIVIDUALS WITH LOW-INCOMES THAT ALLEVIATE THE CAUSES AND CONDITIONS OF POVERTY IN COMMUNITIES.
COMMUNITY FOOD BANK IS A COLLECTION AND DISTRIBUTION ACTIVITY PRIMARILY FOR THE BENEFIT OF LOW-INCOME AND EMERGENCY INDIVIDUALS, FAMILIES AND OTHER NONPROFIT ORGANIZATIONS.
THE PRESCHOOL PROVIDES CARE FOR FULL DAY, HALF DAY AND LATCH KEY CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Cox Chairman | OfficerTrustee | 2 | $0 |
Laura Warnke Vice Chair | OfficerTrustee | 2 | $0 |
Joshua Bollacker Treasurer | OfficerTrustee | 2 | $0 |
Al Garcia Director | Trustee | 2 | $0 |
Michelle Meyering Director | Trustee | 2 | $0 |
Bianca Thompson Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,775,148 |
| All other contributions, gifts, grants, and similar amounts not included above | $246,733 |
| Noncash contributions included in lines 1a–1f | $5,517,027 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,021,881 |
| Total Program Service Revenue | $471,758 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$291 |
| Net Income from Fundraising Events | $23,860 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,517,208 |
| 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. | $183,933 |
| Compensation of current officers, directors, key employees. | $37,911 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $585,269 |
| Pension plan accruals and contributions | $29,683 |
| Other employee benefits | $40,919 |
| Payroll taxes | $75,340 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,818 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $69,286 |
| Advertising and promotion | $10,169 |
| Office expenses | $67,355 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,739 |
| Travel | $4,101 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,804 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $153,172 |
| Insurance | $41,287 |
| All other expenses | $189,684 |
| Total functional expenses | $7,278,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,695,472 |
| Savings and temporary cash investments | $100,454 |
| Pledges and grants receivable | $148,685 |
| Accounts receivable, net | $1,113 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $608,709 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $265,792 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,862 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $113,609 |
| Total assets | $2,938,696 |
| Accounts payable and accrued expenses | $37,466 |
| Grants payable | $0 |
| Deferred revenue | $516 |
| 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 | $147,407 |
| Total liabilities | $185,389 |
| Net assets without donor restrictions | $2,753,307 |
| 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 | $2,938,696 |