Arrowhead Economic Opportunity Agency Incorporated
- Assets
- $34.0m
- Revenue
- $39.1m
- Investments
- $105.6k
- Employees
- 541
- Location
- Virginia, MN
- Founding
- 07/1966
- Data as of
- 06/2022
- EIN
- 41-6052144
Organization Overview
Arrowhead Economic Opportunity Agency Incorporated, operating under the name Aeoa, is located in Virginia, MN. 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 06/2022, Aeoa employed 541 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aeoa 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 06/2022, Aeoa generated $39.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $38.5m during the year ending 06/2022. While expenses have increased by 2.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ARROWHEAD ECONOMIC OPPORTUNTY AGENCY (AEOA) STRENGTHENS COMMUNITIES BY PROVIDING OPPORTUNITIES FOR PEOPLE EXPERIENCING SOCIAL AND ECONOMIC CHALLENGES
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING SERVICES, MISSION: TO BUILD OUR COMMUNITIES BY HELPING PEOPLE MEET THEIR BASIC LIVING NEEDS, HAVE AFFORDABLE, QUALITY HOUSING, AND IMPROVE THEIR QUALITY OF LIVING. OUR SERVICES ARE AVAILABLE IN COOK, LAKE, AND ST LOUIS COUNTIES. THE HOUSING SERVICES PROVIDEDINCLUDE: BUSINESS ENERGY RETROFIT, DOWNTOWN BUILDING REVITALIZATION, EMERGENCY & TRANSITIONAL HOUSING, ENERGY ASSISTANCE, HOMELESS YOUTH HOUSING, HOMEOWNERSHIP EDUCATION & FINANCIAL ASSISTANCE, HOMELESS PREVENTION & RE-HOUSING, HOUSING SUPPORT SERVICES FOR ADULTS WITH SERIOUS MENTAL ILLNESS, MNSURE MARKETPLACE ASSISTANCE, PERMANENT SUPPORTIVE HOUSING, SINGLE-FAMILY REHABILITATION, AND WEATHERIZATION.
ARROWHEAD TRANSIT MISSION: TO PROVIDE AFFORDABLE, SAFE, ACCESSIBLE PUBLIC TRANSPORTATION AND SUPPORTS INDEPENDENT LIVING AND SELF-RELIANCE. SERVICES PROVIDED, PUBLIC TRANSPORTATION WHICH IS HANDICAP ACCESSIBLE, FOR THE RESIDENTS OF TEN COUNTIES IN MINNESOTA, THE COUNTIES ARE: AITKIN, CARLTON, CHISAGO, COOK, ITASCA, ISANTI, KOOCHICHING, LAKE, PINE AND ST. LOUIS. WE PROVIDE FLEXIBLE AND AFFORDABLE ROUTES IN EVERY COUNTY, INCLUDING DIAL-A-RIDE IN SEVERAL CITIES. IN ADDITION TO PUBLIC TRANSPORTATION ARROWHEAD TRANSIT COORDINATES A VOLUNTEER DRIVER PROGRAM TO MEET MEDICAL NEEDS IN KOOCHICHING, LAKE, CARLTON, AND ST. LOUIS COUNTIES
SENIOR SERVICES MISSION: TO HELP OLDER ADULTS MEET THE DEMANDS OF DAILY LIVING AND IMPROVE THE QUALITY OF THEIR LIVES. OUR SERVICES OFFERED ARE: AGING EYE INITIATIVE, ARROWHEAD RSVP, BONE BUILDERS EXERCISE CLASSES, CRUISING TO WELLNESS, FOOD SHELVES, GROCERY DELIVERY SERVICE, JUNIPER - HEALTHY LIVING AS YOU AGE, LIVE WELL AT HOME, MEDICAL EQUIPMENT LOAN CLOSET, NUTRITION SERVICES FOR SENIORS INCLUDING BUNDLED SERVICES, MEALS ON WHEELS, AND SENIOR DINING SITES, NORTHLAND VOLUNTEER SERVICES, RUTABAGA PROJECT, SENIOR CARNIVAL, SENIOR PARTNERS CARE (20% MEDICARE WRITE-OFF), SUPPLEMENTAL NUTRITION ASSISTANCE PROGRAM OUTREACH, AND TAX ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Zahorik Executive Director | Officer | 40 | $125,492 |
Cathy Pazzelli Human Resources Director, Assistant Exec Director | Officer | 40 | $116,290 |
Emily Celley Chief Financial Officer | Officer | 40 | $103,587 |
Marilyn Ocepek Senior Services Director | Officer | 40 | $102,650 |
Jack Larson Transportation Director | Officer | 40 | $100,302 |
David Johnson Housing Director | Officer | 40 | $98,292 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Norman's Up North Electric Llc Construction | 6/29/22 | $147,075 |
Feonix Mobility Rising Consulting | 6/29/22 | $417,223 |
A1 Refrigeration Hvac | 6/29/22 | $138,817 |
Lenci Enterprises Construction | 6/29/22 | $583,840 |
Preferred Construction & Remodeling Llp Construction | 6/29/22 | $299,755 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $29,264,092 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,264,092 |
| Total Program Service Revenue | $9,872,031 |
| Investment income | $0 |
| 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 | $39,136,123 |
| 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. | $967,604 |
| Compensation of current officers, directors, key employees. | $967,604 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,847,382 |
| Pension plan accruals and contributions | $607,209 |
| Other employee benefits | $4,480,355 |
| Payroll taxes | $1,172,420 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $81,028 |
| Fees for services: Accounting | $75,215 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $523,973 |
| Advertising and promotion | $521,983 |
| Office expenses | $1,221,881 |
| Information technology | $665,658 |
| Royalties | $0 |
| Occupancy | $1,448,130 |
| Travel | $1,531,625 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,766 |
| Interest | $23,396 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,589,624 |
| Insurance | $460,388 |
| All other expenses | $0 |
| Total functional expenses | $38,548,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,722,546 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,583,431 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,010,066 |
| Inventories for sale or use | $392,587 |
| Prepaid expenses and deferred charges | $260,895 |
| Net Land, buildings, and equipment | $12,801,703 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $105,568 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $80,420 |
| Total assets | $33,957,216 |
| Accounts payable and accrued expenses | $1,415,778 |
| Grants payable | $0 |
| Deferred revenue | $2,206,445 |
| 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 | $10,067,660 |
| Total liabilities | $13,689,883 |
| Net assets without donor restrictions | $20,013,369 |
| Net assets with donor restrictions | $253,964 |
| 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 | $33,957,216 |
Grants Recieved
Over the last fiscal year, we have identified 31 grants that Arrowhead Economic Opportunity Agency Incorporated has recieved totaling $3,359,587.
| Awarding Organization | Amount |
|---|---|
Second Harvest Northern Lakes Food Bank Duluth, MN PURPOSE: FEEDING PEOPLE IN NEED | $1,118,152 |
Second Harvest Northern Lakes Food Bank Duluth, MN PURPOSE: FEEDING PEOPLE IN NEED | $557,418 |
Second Harvest Northern Lakes Food Bank Duluth, MN PURPOSE: FEEDING PEOPLE IN NEED | $240,138 |
Second Harvest Northern Lakes Food Bank Duluth, MN PURPOSE: FEEDING PEOPLE IN NEED | $220,343 |
Charles K Blandin Foundation Grand Rapids, MN PURPOSE: OPERATING SUPPORT FOR ADULT SCHOLARSHIP PROGRAM IN 2020-22 IN ITASCA COUNTY | $200,000 |
Second Harvest Northern Lakes Food Bank Duluth, MN PURPOSE: FEEDING PEOPLE IN NEED | $198,245 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Spire Credit Union Falcon Heights, MN | $1,948,614,361 | $81,305,193 |
Serveminnesota Minneapolis, MN | $9,195,680 | $42,573,491 |
Arrowhead Economic Opportunity Agency Incorporated Virginia, MN | $33,957,216 | $39,136,123 |
Minnesota Valley Action Council Inc Mankato, MN | $12,018,161 | $29,353,976 |
Tri-Valley Opportunity Council Inc Crookston, MN | $15,068,505 | $26,983,244 |
United Community Action Partnership Inc Marshall, MN | $18,347,423 | $25,415,099 |
Des Moines Performing Arts Des Moines, IA | $53,428,793 | $29,638,099 |
Community Action Of Eastern Iowa Davenport, IA | $4,145,446 | $19,807,458 |
Mahube-Otwa Community Action Partnership Inc Detroit Lakes, MN | $6,691,451 | $20,228,935 |
Upper Des Moines Opportunity Inc Graettinger, IA | $5,376,639 | $17,208,548 |
Community Action Agency Of Siouxland Sioux City, IA | $5,735,581 | $15,017,682 |
Mid-Iowa Community Action -Mica- Incorporated Marshalltown, IA | $3,849,705 | $14,587,976 |