Maui Economic Opportunity Inc is located in Kahului, HI. The organization was established in 1967. 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, Maui Economic Opportunity Inc employed 284 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maui Economic 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 09/2020, Maui Economic Opportunity Inc generated $20.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $20.6m during the year ending 09/2020. While expenses have increased by 8.1% per year over the past 5 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O FOR ORGANIZATION MISSION STATEMENT CONTINUATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRANSPORTATION SERVICES PROGRAM: PROVIDE TRANSPORTATION TO ELIMINATE BARRIERS AND PROMOTE SELF-SUFFICIENCY. INCREASE THE AVAILABILITY AND AFFORDABILITY OF OPPORTUNITIES FOR LOW-INCOME, PERSONS WITH SPECIAL NEEDS, SENIORS AND YOUTH THROUGH SOCIAL SERVICES TRANSPORTATION. APPROXIMATELY 5,774 PASSENGERS IN THE TARGET POPULATION (SENIORS, PERSONS WITH DISABILITIES, LOW INCOME INDIVIDUALS, CHILDREN AND YOUTH) TOOK TRIPS TO AND FROM NUTRITION SITES, SENIOR PROGRAMS, DAY HEALTH, DIALYSIS, AND AFTER SCHOOL PROGRAMS AND ACTIVITIES. THE NUMBER OF PASSENGERS' BOARDING INCLUDING ADA PARATRANSIT SERVICE TOTALED APPROXIMATELY 270,555.
OTHER PROGRAM SERVICESOTHER PROGRAM SERVICES INCLUDE CRISIS AND EMERGENCY ASSISTANCE TO STABILIZED HOUSEHOLDS EVIDENCE BASED YOUTH PREVENTION PROGRAMS, EMPLOYMENT AND TRAINING, BUSINESS PLAN CLASSES AND TECHNICAL ASSISTANCE, MICROLOANS, REINTEGRATION SUPPORT SERVICES, HISPANIC ACCULTURATION SERVICES, WEATHERIZATION, LIHEAP PROGRAMS, THE SENIOR FARMERS MARKET NUTRITION PROGRAM, AND COMMUNITY SERVICES BLOCK GRANT THAT FUNDS AGENCY-WIDE ADMINISTRATION AND PROGRAMS THAT SUPPORT LOW INCOME INDIVIDUALS AND FAMILIES.HIGHLIGHTS FOR THE FISCAL YEAR INCLUDED IN AUGUST 2023, THE ISLAND OF MAUI EXPERIENCED DESTRUCTIVE WILDFIRES THAT IMPACTED SEVERAL COMMUNITIES ON THE ISLAND. MEO OPERATES IN THESE COMMUNITIES AND FORTUNATELY FOR MEO, MEO DID NOT EXPERIENCE MATERIAL DAMAGE TO ITS PROPERTY AND EQUIPMENT. SINCE THE FIRES, MEO HAS BEEN AT THE FOREFRONT IN SUPPORT OF THE COMMUNITIES ON MAUI. MEO IS WORKING WITH FEDERAL, STATE OF HAWAII, COUNTY OF MAUI, PRIVATE AND PUBLIC AGENCIES TO HELP THE PEOPLE OF MAUI. WORKING WITH THESE AGENCIES, MEO HAS IMPLEMENTED PROGRAMS THAT PROVIDE TRANSPORTATION, TRANSITIONAL HOUSING, JOBS, TEMPORARY ASSISTANCE FOR VEHICLE, UTILITY, CLOTHING AND SCHOOL SUPPLY PAYMENTS, BUSINESS GRANTS IN SUPPORT OF THE PEOPLE OF MAUI.
MEO BUSINESS DEVELOPMENT CENTER (MEO BDC) OFFERS BUSINESS PLANNING CLASSES AND CONSULTATION, FINANCIAL LITERACY, AND MICROLOANS FOR SMALL BUSINESS STARTUP OPERATIONS OR EXPANSION, AND AGRICULTURAL MICRO GRANTS FOR LOCAL OPERATING FARMS ON MAUI, MOLOKAI AND LANAI TO INCREASE THE FARM'S CAPACITY, PRODUCTIVITY, NAME RECOGNITION AND INCOME. 118 FARMS RECEIVED MICRO GRANT ASSISTANCE DURING THE THIRD YEAR OF THE FUNDING.THE MEO BDC BUSINESS PLANNING OR CORE FOUR COURSE ASSISTED 131 BUSINESSES IN THE DEVELOPMENT OF A REALISTIC, ACHIEVABLE BUSINESS PLAN. THE FIVE-WEEK PROGRAM IS OFFERED THROUGHOUT THE YEAR ON MAUI, MOLOKAI, AND LANAI. 158 INDIVIDUALS ATTENDED FINANCIAL LITERACY CLASSES THAT FOCUSED ON INCREASING FINANCIAL HEALTH, INCLUDING SAVING, BUDGETING, LENDING AND INVESTMENT INFORMATION.
EARLY CHILDHOOD SERVICES INCLUDES THE FEDERALLY FUNDED MEO HEAD START PRESCHOOL PROGRAM THAT PROVIDED COMPREHENSIVE SERVICES TO INCOME ELIGIBLE FAMILIES AND PROMOTES SCHOOL READINESS FOR CHILDREN AGES THREE TO FIVE YEARS OLD. COMPREHENSIVE SERVICES ARE PROVIDED TO ENROLLED CHILDREN AND THEIR FAMILIES, WHICH INCLUDE HEALTH, NUTRITION, SOCIAL, AND OTHER SERVICES DETERMINED TO BE NECESSARY BY THE FAMILY NEEDS ASSESSMENT. A TOTAL OF 161 CHILDREN AND 161 FAMILIES WERE SERVED BY THE PROGRAM DURING THE 2022-23 PROGRAM YEAR. EXTENDED DAY SERVICES AND SUMMER PROGRAM WERE PROVIDED WITH COUNTY RESOURCES.THE KAHI KAMALII INFANT AND TODDLER PROGRAM PROVIDES QUALITY EARLY CHILDHOOD SERVICES TO FAMILIES THAT ARE EMPLOYED FULL TIME. THE PROGRAM SERVES CHILDREN AGED 12 MONTHS TO 3 YEARS. THE GOAL OF THE PROGRAM IS TO PROVIDE CENTER-BASED CARE FOR YOUNG CHILDREN SO FAMILIES CAN SUCCESSFULLY OBTAIN AND MAINTAIN SELF- SUFFICIENCY. THE PROGRAM IS SUPPORTED BY THE COUNTY OF MAUI
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Carol Riemann Director/president/past Vice President | OfficerTrustee | 1 | $0 |
Bard Peterson Director/vice President/past President | OfficerTrustee | 1 | $0 |
Clifford Alakai Director/treasurer | OfficerTrustee | 1 | $0 |
Arleen Gerbig Director/secretary | OfficerTrustee | 1 | $0 |
Adele Rugg Director | Trustee | 0.5 | $0 |
Dawn Bicoy Director | Trustee | 0.5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Inspired Play Llc Installation Of Play Structures | 9/29/23 | $221,413 |
Department Of Education Meal Services | 9/29/23 | $194,803 |
Aegaeon Llc Security Services | 9/29/23 | $163,598 |
Statement of Revenue | |
---|---|
Federated campaigns | $936 |
Membership dues | $0 |
Fundraising events | $42,970 |
Related organizations | $0 |
Government grants | $19,144,025 |
All other contributions, gifts, grants, and similar amounts not included above | $418,450 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $19,606,381 |
Total Program Service Revenue | $138,836 |
Investment income | $33,149 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $55,927 |
Net Gain/Loss on Asset Sales | $2,683 |
Net Income from Fundraising Events | $53,609 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $19,961,531 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $4,569,766 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $387,566 |
Compensation of current officers, directors, key employees. | $56,539 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $8,450,988 |
Pension plan accruals and contributions | $255,715 |
Other employee benefits | $1,500,550 |
Payroll taxes | $615,813 |
Fees for services: Management | $0 |
Fees for services: Legal | $15,737 |
Fees for services: Accounting | $48,108 |
Fees for services: Lobbying | $31,250 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $207,875 |
Advertising and promotion | $0 |
Office expenses | $634,307 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $504,114 |
Travel | $52,662 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $3,606 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,424,225 |
Insurance | $538,436 |
All other expenses | $0 |
Total functional expenses | $20,605,578 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,232,362 |
Savings and temporary cash investments | $1,576,504 |
Pledges and grants receivable | $1,895,117 |
Accounts receivable, net | $121,832 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $126,510 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $200,700 |
Net Land, buildings, and equipment | $24,316,145 |
Investments—publicly traded securities | $1,003,753 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,724 |
Total assets | $31,474,647 |
Accounts payable and accrued expenses | $1,716,128 |
Grants payable | $961,235 |
Deferred revenue | $18,239 |
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 | $113,300 |
Unsecured mortgages and notes payable | $44,500 |
Other liabilities | $0 |
Total liabilities | $2,853,402 |
Net assets without donor restrictions | $16,966,137 |
Net assets with donor restrictions | $11,655,108 |
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 | $31,474,647 |