Maui Economic Opportunity Inc
- Assets
- $31.5m
- Revenue
- $20.0m
- Investments
- $0.0
- Employees
- 261
- Location
- Kahului, HI
- Founding
- 05/1967
- Data as of
- 09/2020
- EIN
- 99-6009889
Organization Overview
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 09/2021, Maui Economic Opportunity Inc employed 261 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 CONTINUATIONTHE MISSION OF MEO IS TO STRENGTHEN THE COMMUNITY WHILE HELPING PEOPLE IN NEED RESTORE THEIR HOPE, REACH THEIR POTENTIAL AND ENRICH THEIR LIVES.
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 5059 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 PASSENGER BOARDINGS INCLUDING ADA PARATRANSIT SERVICE TOTALED APPROXIMATELY 148,120.
CRISIS AND EMERGENCY ASSISTANCE TO STABILIZE MORE THAN 2,000 HOUSEHOLDS IMPACTED BY COVID-19. QUALIFIED HOUSEHOLDS RECEIVED ASSISTANCE FOR FOOD, PERSONAL HYGIENE, MEDICATION, RENT, MORTGAGE, UTILITIES, PHONE, INTERNET SERVICE, CAR PAYMENTS, INSURANCE, CHILD CARE, TUITION, AUTO REPAIR, EMERGENCY PLUMBING, AND OTHER ESSENTIAL NEEDS.
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. 90 FARMS RECEIVED MICRO GRANT ASSISTANCE.THE MEO BDC BUSINESS PLANNING OR CORE FOUR COURSE ASSISTED 198 BUSINESSES IN THE DEVELOPMENT OF A REALISTIC, ACHIEVABLE BUSINESS PLAN. THE FIVE-WEEK PROGRAM IS OFFERED THROUGHOUT THE YEAR ON MAUI, MOLOKAI, AND LANAI. 1,143 INDIVIDUALS ATTENDED FINANCIAL LITERACY CLASSES THAT FOCUSED ON INCREASING FINANCIAL HEALTH, INCLUDING SAVING, BUDGETING, LENDING AND INVESTMENT INFORMATION.IN FY 2021 MEO OFFERED A CORE FOUR SCHOLARSHIP PROGRAM THAT PROVIDED STARTUP GRANTS FOR EIGHT BUSINESSES THAT COMPLETED THE CORE FOUR CURRICULUM AND SUBMITTED THE MOST REALISTIC BUSINESS PLANS.
OTHER PROGRAM SERVICES INCLUDE HEAD START, 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Cabebe Chief Executive Officer | Officer | 55 | $109,090 |
Gay Sibonga Chief Operations Officer | Officer | 55 | $89,345 |
Debra Lorenzo Chief Fiscal Officer | Officer | 55 | $84,237 |
Lianne Yoshida Former Chief Human Resources Officer | Officer | 55 | $75,051 |
Clifford Caesar Chief Human Resources Officer | Officer | 55 | $35,667 |
Bard Peterson Director/president/past Vice President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ipr Inc Dba Ipr Hawaii Install Playground Equipment | 9/29/19 | $100,661 |
Department Of Education - School Food Se Meal Services | 9/29/19 | $236,309 |
Financial Statements
| 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 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Maui Economic Opportunity Inc has recieved totaling $151,148.
| Awarding Organization | Amount |
|---|---|
Nuestro Futuro Inc Haiku, HI PURPOSE: GENERAL TAX EXEMPT PURPOSE AND MOLOKAI YOUTH DRUG PREVENTION PROGRAM | $100,000 |
Botton Foundation Pennington, NJ PURPOSE: UNRESTRICTED GENERAL | $50,000 |
Hemic Foundation Honolulu, HI PURPOSE: GENERAL PURPOSE SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $148 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catholic Charities Of Los Angeles Los Angeles, CA | $401,651,832 | $56,844,483 |
Catholic Charities Cyo Of The Archdiocese Of San Francisco San Francisco, CA | $54,010,844 | $49,179,176 |
Sacred Heart Community Service San Jose, CA | $20,973,707 | $49,147,758 |
Sea Change Foundation San Francisco, CA | $294,480,176 | $10,552,554 |
Fii - National Oakland, CA | $80,240,308 | $76,416,139 |
K To College Oakland, CA | $6,431,064 | $44,027,752 |
Hillsides Pasadena, CA | $32,232,165 | $47,598,076 |
Quantum Leap Health Carecollaborative San Francisco, CA | $64,443,428 | $56,142,324 |
St Joseph Center Venice, CA | $31,481,555 | $42,932,539 |
Catholic Charities Of The Diocese Of Santa Rosa Santa Rosa, CA | $50,415,823 | $42,209,616 |
Community Action Partnership Of San Bernardino County San Bernardino, CA | $9,826,199 | $31,882,528 |
Encompass Community Services Santa Cruz, CA | $8,974,076 | $30,186,443 |