Adams And Brown Counties Economic Opportunities Inc
- Assets
- $10.3m
- Revenue
- $16.4m
- Investments
- $0.0
- Employees
- 423
- Location
- Georgetown, OH
- Founding
- 06/1965
- Data as of
- 12/2021
- EIN
- 31-0710683
Organization Overview
Adams And Brown Counties Economic Opportunities Inc is located in Georgetown, OH. The organization was established in 1965. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Adams And Brown Counties Economic Opportunities Inc employed 423 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adams And Brown Counties Economic Opportunities 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 12/2021, Adams And Brown Counties Economic Opportunities Inc generated $16.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $15.4m during the year ending 12/2021. While expenses have increased by 5.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SERVICES AND OPPORTUNITIES TO REDUCE POVERTY AND ASSIST LOW TO MODERATE INCOME INDIVIDUALS IN BECOMING SELF-SUFFICIENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SERVICES TO THE LOW INCOME INDIVIDUALS OF ADAMS AND BROWN COUNTIES IN THE STATE OF OHIO. PROGRAMS INCLUDE: CHILDRENS, ENERGY, SENIOR, RECYCLING, EMPLOYMENT, HOUSING, COMMUNITY, AND HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Wickerham Executive Director | Officer | 40 | $99,238 |
Patty Wilmoth Board Of Trustee | Trustee | 0.5 | $0 |
Jimmy Thomas Board Of Trustee | Trustee | 0.5 | $0 |
Becky Cropper Board Of Trustee | Trustee | 0.5 | $0 |
Jean Rickey Board Of Trustee | Trustee | 0.5 | $0 |
Barbara Moore Board Of Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,879,365 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,543 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,924,908 |
| Total Program Service Revenue | $470,474 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $3,399 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | -$3,488 |
| Net Income from Sales of Inventory | $979,113 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,374,406 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,106,425 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $429,666 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,043,683 |
| Travel | $114,287 |
| 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 | $0 |
| Insurance | $169,418 |
| All other expenses | $1,339,437 |
| Total functional expenses | $15,355,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,848 |
| Savings and temporary cash investments | $1,785,827 |
| Pledges and grants receivable | $175,588 |
| Accounts receivable, net | $1,538,992 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,850,000 |
| Inventories for sale or use | $88,585 |
| Prepaid expenses and deferred charges | $64,901 |
| Net Land, buildings, and equipment | $4,695,434 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,344,175 |
| Accounts payable and accrued expenses | $885,622 |
| Grants payable | $0 |
| Deferred revenue | $880,556 |
| Tax-exempt bond liabilities | $9,209 |
| 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 | $2,682,375 |
| Total liabilities | $4,457,762 |
| Net assets without donor restrictions | $4,359,237 |
| Net assets with donor restrictions | $1,527,176 |
| 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 | $10,344,175 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Adams And Brown Counties Economic Opportunities Inc has recieved totaling $239,946.
| Awarding Organization | Amount |
|---|---|
Good360 Alexandria, VA PURPOSE: TO ASSIST THOSE IN NEED. | $157,000 |
Foundation For Appalachian Ohio Nelsonville, OH PURPOSE: GENERAL SUPPORT | $24,250 |
United Way Of Greater Cincinnati Cincinnati, OH PURPOSE: Program Operating Cost | $23,218 |
National Association For The Exchange Of Industrial Resources I Galesburg, IL PURPOSE: CARE OF ILL, NEEDY, OR MINOR | $21,632 |
Neediest Kids Of All Cincinnati, OH PURPOSE: PURCHASE BASIC NECESSITIES | $10,500 |
Ohio Association Of Foodbanks Columbus, OH PURPOSE: Summer Meals Distribution | $3,163 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northern Kentucky Area Developement District Florence, KY | $12,601,851 | $23,919,138 |
Hoosier Uplands Economic Development Corporation Mitchell, IN | $50,608,889 | $20,253,454 |
Adams And Brown Counties Economic Opportunities Inc Georgetown, OH | $10,344,175 | $16,374,406 |
Pride Community Services Inc Logan, WV | $3,436,459 | $7,199,401 |
Psats Enola, PA | $11,834,261 | $6,502,359 |
Kentucky River Area Development District Inc Hazard, KY | $5,857,667 | $4,838,342 |
Rural Action Inc The Plains, OH | $1,800,530 | $4,307,921 |
Mountain Association For Community Economic Development Inc Berea, KY | $33,227,736 | $8,576,709 |
West Virginia Community Action Partnerships Inc Charleston, WV | $514,969 | $3,682,058 |
Greater Easton Development Partnership Easton, PA | $6,246,333 | $3,172,729 |
Southeast Kentucky Economic Development Corporation Inc Somerset, KY | $28,123,081 | $3,726,346 |
Progress Fund Greensburg, PA | $56,975,518 | $5,589,608 |