Economic Council Helping Others Inc
- Assets
- $2.6m
- Revenue
- $9.2m
- Investments
- $4.1k
- Employees
- 52
- Location
- Farmington, NM
- Founding
- 01/1973
- Data as of
- 09/2021
- 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 09/2021, Economic Council Helping Others Inc employed 52 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 09/2021, Economic Council Helping Others Inc generated $9.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $8.8m during the year ending 09/2021. While expenses have increased by 3.6% per year over the past 6 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
2021
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.
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.
COMMUNITY SERVICE BLOCK GRANT SUPPORTS SERVICES AND ACTIVITIES FOR INDIVIDUALS WITH LOW-INCOMES THAT ALLEVIATE THE CAUSES AND CONDITIONS OF POVERTY IN COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joyce N Pinckney Chief Executive Officer | Officer | 40 | $71,352 |
Maria Luisa Disch Chief Financial Officer | Officer | 40 | $70,042 |
Cecelia Monclova Chief Operating Officer | Officer | 40 | $44,178 |
Joshua Bollacker Treasurer | OfficerTrustee | 2 | $0 |
Jim Cox Chairman | OfficerTrustee | 2 | $0 |
Bea Saavedra Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $75,993 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,929,329 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,918,395 |
| Noncash contributions included in lines 1a–1f | $6,320,906 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,923,717 |
| Total Program Service Revenue | $126,885 |
| Investment income | $4,112 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $97,220 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,151,934 |
| 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. | $221,740 |
| Compensation of current officers, directors, key employees. | $44,548 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $657,704 |
| Pension plan accruals and contributions | $25,593 |
| Other employee benefits | $33,471 |
| Payroll taxes | $74,746 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,729 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,778 |
| Advertising and promotion | $4,299 |
| Office expenses | $32,415 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $237,362 |
| Travel | $2,051 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,125 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,823 |
| Insurance | $48,083 |
| All other expenses | $12,834 |
| Total functional expenses | $8,782,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,236,785 |
| Savings and temporary cash investments | $100,353 |
| Pledges and grants receivable | $216,425 |
| Accounts receivable, net | $140 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $769,559 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $226,613 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,112 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,249 |
| Total assets | $2,557,236 |
| Accounts payable and accrued expenses | $11,346 |
| Grants payable | $0 |
| Deferred revenue | $9,421 |
| 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 | $57,996 |
| Total liabilities | $78,763 |
| Net assets without donor restrictions | $2,378,473 |
| Net assets with donor restrictions | $100,000 |
| 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 | $2,557,236 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Economic Council Helping Others Inc has recieved totaling $188,095.
| Awarding Organization | Amount |
|---|---|
The Albertsons Companies Foundation Pleasanton, CA PURPOSE: HUNGER | $100,000 |
Delta Dental Plan Of New Mexico Inc Albuquerque, NM PURPOSE: FOOD PANTRY | $50,000 |
New Mexico Community Foundation Santa Fe, NM PURPOSE: General operating support | $14,500 |
Pnm Foundation Inc Albuquerque, NM PURPOSE: VISION GRANTS - HOMELESSNESS | $10,000 |
Zions Bancorporation Foundation Salt Lake City, UT PURPOSE: SUPPORT FOR EMERGENCY SERVICES | $5,000 |
Westmeath Foundation Wilmington, DE PURPOSE: CHILDREN'S FOOD BACKPACK PROGRAM | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Council Of Greater Dallas Dallas, TX | $4,744,328 | $19,419,389 |
Nueces County Community Action Agency Corpus Christi, TX | $6,907,131 | $19,554,955 |
United Community Action Program Inc Pawnee, OK | $10,772,761 | $18,838,270 |
Lulac Project Amistad El Paso, TX | $13,396,414 | $20,646,890 |
Youth And Family Alliance Austin, TX | $17,411,303 | $18,334,235 |
Community Action Agency Of Ok City & Ok Canadian Counties Inc Okc, OK | $7,076,135 | $17,912,554 |
Economic Opportunities Advancement Corporation Of Planning Region Xi Waco, TX | $7,841,884 | $18,666,042 |
Big Five Community Services Inc Durant, OK | $12,347,730 | $17,649,703 |
High Plains Christian Ministries Foundation Amarillo, TX | $595,357,596 | $31,544,091 |
Communuity Action Inc Of Central Texas San Marcos, TX | $3,261,205 | $15,529,761 |
Psa Behavioral Health Agency Phoenix, AZ | $11,491,382 | $16,032,932 |
Lutheran Social Service Of Colorado Denver, CO | $5,962,454 | $15,365,278 |