Warren-Hamilton Counties Action Committee For Economic Opportunity
- Assets
- $823.4k
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 19
- Location
- Glens Falls, NY
- Founding
- 05/1967
- Data as of
- 11/2021
- EIN
- 14-1493746
Organization Overview
Warren-Hamilton Counties Action Committee For Economic Opportunity, operating under the name Economic Opportunity Inc, is located in Glens Falls, NY. The organization was established in 1967. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 11/2021, Economic Opportunity Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 11/2021, Economic Opportunity Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $2.5m during the year ending 11/2021. While expenses have increased by 10.7% 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
THE AGENCY PROVIDES VARIOUS COMMUNITY SERVICES BENEFITS INCLUDING WEATHERIZATION, TRANSPORTATION, NUTRITION, FOOD PANTRY, AND VARIOUS OUTREACH PROGRAMS IN THE WARREN AND HAMILTON COUNTY AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WEATHERIZATION PROGRAM: INSTALL WINDOWS AND DOORS, REPAIR AND REPLACE FURNACES, HOT WATER TANKS, AND OTHER ENERGY SAVING DEVICES FOR ELDERLY AND ECONOMICALLY CHALLENGED INDIVIDUALS AND FAMILIES.
COMMUNITY SERVICES BLOCK GRANT: PROGRAM DESIGNED TO PROMOTE & FACILITATE EFFECTIVE INVOLVEMENT OF NEIGHBORHOOD RESIDENTS IN SOLVING PROBLEMS - PROVIDES EMERGENCY AND SUPPLEMENTAL FOOD, TRANSPORTATION, AND EMERGENCY HOUSING AND UTILITY ASSISTANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Ackershoek Executive Director | Officer | 40 | $86,700 |
Jim Campinell Treasurer | OfficerTrustee | 2 | $0 |
Daniel Belden 1st VP | OfficerTrustee | 2 | $0 |
Joseph Sullivan President | OfficerTrustee | 4 | $0 |
Shari Macri Secretary | OfficerTrustee | 2 | $0 |
Edna Frasier Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,544,180 |
| All other contributions, gifts, grants, and similar amounts not included above | $946,681 |
| Noncash contributions included in lines 1a–1f | $900,296 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,490,861 |
| Total Program Service Revenue | $118,678 |
| Investment income | $35 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,609,574 |
| 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. | $86,700 |
| Compensation of current officers, directors, key employees. | $5,245 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $571,489 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $299,307 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,725 |
| Advertising and promotion | $5,186 |
| Office expenses | $22,776 |
| Information technology | $6,848 |
| Royalties | $0 |
| Occupancy | $62,568 |
| Travel | $12,216 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,177 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,911 |
| Insurance | $31,801 |
| All other expenses | $104,006 |
| Total functional expenses | $2,536,704 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $512,754 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $57,681 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,170 |
| Net Land, buildings, and equipment | $239,734 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,070 |
| Total assets | $823,409 |
| Accounts payable and accrued expenses | $56,365 |
| Grants payable | $0 |
| Deferred revenue | $101,354 |
| 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 | $0 |
| Total liabilities | $157,719 |
| Net assets without donor restrictions | $659,793 |
| Net assets with donor restrictions | $5,897 |
| 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 | $823,409 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Warren-Hamilton Counties Action Committee For Economic Opportunity has recieved totaling $6,814.
| Awarding Organization | Amount |
|---|---|
Regional Food Bank Of N E Ny Inc Latham, NY PURPOSE: OSP GRANT & AGENCY REBATE | $6,814 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Action Inc Haverhill, MA | $8,979,922 | $19,940,316 |
The Promesa Housing Development Fund Corporation Bronx, NY | $39,360,301 | $8,538,986 |
Spanish American Civic Association For Equality Inc Lancaster, PA | $3,870,631 | $8,827,092 |
Northwest Bronx Community And Clergy Coalition Inc Bronx, NY | $5,985,223 | $6,738,060 |
Pennsylvania Rural Electric Assoc Harrisburg, PA | $2,337,852 | $4,606,290 |
O D A Community Development Corp Brooklyn, NY | $670,721 | $3,199,814 |
Citizens Committee For New York City Inc New York, NY | $7,691,250 | $2,979,222 |
Pennsylvania Rural Water Assn Bellefonte, PA | $3,869,851 | $3,373,669 |
Warren-Hamilton Counties Action Committee For Economic Opportunity Glens Falls, NY | $823,409 | $2,609,574 |
Vital Communities Inc White River Junction, VT | $1,663,364 | $2,954,150 |
Polish American Citizens Association Of Cambridge Incorpora Danvers, MA | $0 | $0 |
Paterson Task Force For Community Action Inc Paterson, NJ | $1,477,833 | $2,102,088 |