Champlain Valley Office Of Economic Opportunity Inc
- Assets
- $10.4m
- Revenue
- $26.3m
- Investments
- $0.0
- Employees
- 291
- Location
- Burlington, VT
- Founding
- 04/1966
- Data as of
- 09/2022
- EIN
- 03-0216837
Organization Overview
Champlain Valley Office Of Economic Opportunity Inc is located in Burlington, VT. The organization was established in 1966. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2022, Champlain Valley Office Of Economic Opportunity Inc employed 291 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Champlain Valley Office Of 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 09/2022, Champlain Valley Office Of Economic Opportunity Inc generated $26.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $25.3m during the year ending 09/2022. While expenses have increased by 5.7% per year over the past 7 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.
Since 2015, Champlain Valley Office Of Economic Opportunity Inc has awarded 96 individual grants totaling $2,992,019. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CVOEO ADDRESSES FUNDAMENTAL ISSUES OF ECONOMIC, SOCIAL, AND RACIAL JUSTICE AND WORKS WITH PEOPLE TO ACHIEVE ECONOMIC INDEPENDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CVOEO PROVIDES EMERGENCY AND LONG TERM SOLUTIONS TO POVERTY AND SOCIAL INJUSTICE. WE PROVIDE SERVICES IN FOUR COUNTIES AND WE ALSO HAVE THREE STATEWIDE PROGRAMS THAT FOCUS ON HOUSING EDUCATION, ORGANIZATION AND ADVOCACY. THIS PAST YEAR WE ALSO ADMINISTERED A STATEWIDE HOUSING VOUCHER PROGRAM FOR PEOPLE EXPERIENCING HOMELESSNESS AND WE EXPECT THAT WORK TO CONTINUE INTO THE FUTURE. IN ADDITION, OUR RACIAL EQUITY WORK IS NOW RECOGNIZED AROUND THE STATE AND WE WORK IN A NUMBER OF FORUMS AS STATEWIDE LEADERS IN DIVERSITY, EQUITY AND INCLUSION. OUR COMMUNITY ACTION PROGRAMS IN THE FOUR COUNTIES PROVIDE SERVICES TO RESIDENTS OF CHITTENDEN, ADDISON, FRANKLIN AND GRAND ISLE COUNTIES. COMMUNITY ACTION PROVIDES A BROAD RANGE OF SERVICES FOR COMMUNITY MEMBERS WITH LOW INCOME. EMERGENCY SERVICES INCLUDE FUEL AND UTILITY ASSISTANCE, HOUSING ASSISTANCE, HUNGER RELIEF, AND TRANSPORTATION. LONGER TERM SOLUTIONS INCLUDE ADVOCACY, ACCESS TO EMPLOYMENT, ACCESS TO MAINSTREAM BENEFITS, INFORMATION AND REFERRAL, AND FREE TAX PREPARATION.
CHAMPLAIN VALLEY HEAD START (CVHS) IS A NATIONAL PRESCHOOL PROGRAM, PROVIDING EDUCATIONAL AND SOCIAL OPPORTUNITIES TO NURTURE THE HEALTHY DEVELOPMENT OF CHILDREN. CVHS OFFERS PRESCHOOL AND CHILDCARE SERVICES TO YOUNG CHILDREN AND THEIR FAMILIES AT VARIOUS LOCATIONS THROUGHOUT CHITTENDEN, ADDISON, FRANKLIN AND GRAND ISLE COUNTIES. DURING THE PANDEMIC HEAD START ADJUSTED QUICKLY PROVIDING REMOTE EDUCATION AND OUTFITTING HEAD START FAMILIES WITH COMPUTERS AND WI-FI HOTSPOTS TO ENSURE ACCESS.
CHAMPLAIN VALLEY WEATHERIZATION SERVICE (CVWS) IS THE LOCAL PROVIDER FOR VERMONT'S WEATHERIZATION WORK IN THE CHAMPLAIN VALLEY. THE PROGRAM, WHICH IS OFFERED AT NO COST TO QUALIFIED HOUSEHOLDS, USES STATE, NATIONAL AND UTILITY RESOURCES TO DELIVER COMPREHENSIVE ENERGY SERVICES. SERVICES PROVIDED INCLUDE AN ENERGY AUDIT TO ASSESS THE IMPROVEMENTS THAT WILL PROVIDE THE GREATEST SAVINGS, AIR SEALING AND INSULATION, CLEANING AND TUNING HEATING SYSTEMS, IMPROVING VENTILATION SYSTEMS, AND INSTALLING CARBON MONOXIDE/SMOKE DETECTORS. ADDITIONALLY, WEATHERIZATION STAFF, ALONG WITH COMMUNITY ACTION OFFICES, ASSISTS WITH EMERGENCY HEATING REPAIR AND REPLACEMENT SERVICES. WEATHERIZATION HAS A ONE TOUCH REFERRAL SYSTEM WHERE THEY ARE ABLE TO REFER PEOPLE INTO OTHER IMPORTANT SOCIAL SERVICES. THEY ALSO HAVE A FALLS PROGRAM DOING NEEDED REPAIRS TO THE HOMES OF OLDER VERMONTERS TO PREVENT FALLS.
SEE ADDITIONAL PROGRAM DESCRIPTIONS AND OUTCOMES INCLUDED AS PART OF THE ORGANIZATION'S MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Dragon Executive Director | Officer | 50 | $117,505 |
Michael Gauthier Fiscal Director (former) | Officer | 50 | $99,105 |
Matt D'agostino Fiscal Director | Officer | 50 | $0 |
Nial Rele Secretary | Officer | 0.5 | $0 |
Kelsey Stavseth Board President | Officer | 1 | $0 |
Diane Hermann-Artim Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $135,000 |
| Membership dues | $0 |
| Fundraising events | $54,500 |
| Related organizations | $0 |
| Government grants | $22,084,097 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,383,774 |
| Noncash contributions included in lines 1a–1f | $2,361,237 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,657,371 |
| Total Program Service Revenue | $471,631 |
| Investment income | $68,848 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $55,374 |
| Net Income from Fundraising Events | -$2,809 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,250,415 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $226,135 |
| Grants and other assistance to domestic individuals. | $7,950,067 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $255,288 |
| Compensation of current officers, directors, key employees. | $248,906 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,047,731 |
| Pension plan accruals and contributions | $377,213 |
| Other employee benefits | $2,170,000 |
| Payroll taxes | $822,073 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,108 |
| Fees for services: Accounting | $37,044 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $462,181 |
| Advertising and promotion | $105,815 |
| Office expenses | $178,284 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,109,226 |
| Travel | $49,881 |
| 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 | $279,877 |
| Insurance | $121,539 |
| All other expenses | $121,339 |
| Total functional expenses | $25,335,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,395,712 |
| Savings and temporary cash investments | $692,554 |
| Pledges and grants receivable | $1,299,958 |
| Accounts receivable, net | $135,975 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $596,138 |
| Prepaid expenses and deferred charges | $296,651 |
| Net Land, buildings, and equipment | $1,019,396 |
| Investments—publicly traded securities | $2,926,337 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,500 |
| Total assets | $10,365,221 |
| Accounts payable and accrued expenses | $1,390,677 |
| Grants payable | $0 |
| Deferred revenue | $778,041 |
| 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 | $10,166 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,178,884 |
| Net assets without donor restrictions | $2,788,423 |
| Net assets with donor restrictions | $5,397,914 |
| 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 | $10,365,221 |
Grants Awarded
Over the last fiscal year, Champlain Valley Office Of Economic Opportunity Inc has awarded $222,032 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Burlington, VT PURPOSE: JUSTICE FOR FAMILIES PROJECT | $62,489 |
Barre, VT PURPOSE: VOLUNTEER INCOME TAX ASSISTANCE, REGIONAL PERFORMANCE INNOVATION CONSORTIA (RPIC) | $48,773 |
FRANKLIN COUNTY SHERIFF'S DEPARTMENT PURPOSE: RURAL DOMESTIC VIOLENCE & CHILD VICTIMIZATION | $35,351 |
Westminster, VT PURPOSE: VOLUNTEER INCOME TAX ASSISTANCE, REGIONAL PERFORMANCE INNOVATION CONSORTIA (RPIC) | $27,538 |
Newport, VT PURPOSE: REGIONAL PERFORMANCE INNOVATION CONSORTIA (RPIC) | $19,834 |
Rutland, VT PURPOSE: VOLUNTEER INCOME TAX ASSISTANCE, REGIONAL PERFORMANCE INNOVATION CONSORTIA (RPIC) | $12,561 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Champlain Valley Office Of Economic Opportunity Inc has recieved totaling $972,088.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $407,972 |
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $193,125 |
United Way Of Northwest Vermont Inc South Burlington, VT PURPOSE: PROGRAM/DD | $120,120 |
Argosy Foundation Milwaukee, WI PURPOSE: HUMANITARIAN PROJECT | $100,000 |
Vermont State Employees Credit Union Montpelier, VT PURPOSE: CHARITABLE CONTRIBUTION | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $26,220 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Core Services Group Inc Brooklyn, NY | $39,760,197 | $115,882,548 |
Brooklyn Navy Yard Development Corporation Brooklyn, NY | $543,633,704 | $68,378,369 |
Cent For Urban Community Svcs New York, NY | $78,734,129 | $72,768,234 |
The Community Preservation Corporation New York, NY | $1,407,109,282 | $65,839,600 |
Quincy Community Action Programs Inc Quincy, MA | $14,865,186 | $43,148,267 |
Westchester Community Opportunity Program Inc Elmsford, NY | $7,932,264 | $37,716,573 |
Community Crossroads Inc Atkinson, NH | $8,920,461 | $38,376,189 |
St Nicks Alliance Corp Brooklyn, NY | $44,353,994 | $35,596,992 |
National Council For Community Development Inc Brooklyn, NY | $24,193,687 | $38,165,020 |
The Community Action Organization Of Western New York Inc Buffalo, NY | $11,956,609 | $31,001,421 |
Community Action Pioneer Valley Inc Greenfield, MA | $7,969,732 | $29,838,934 |
Citizens For Citizens Inc Fall River, MA | $12,279,316 | $29,399,731 |