Chesterfield-Marlboro Counties Economic Opportunity Council Inc
- Assets
- $3.8m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 95
- Location
- Cheraw, SC
- Founding
- 01/1967
- Data as of
- 12/2021
- EIN
- 57-6027674
Organization Overview
Chesterfield-Marlboro Counties Economic Opportunity Council Inc is located in Cheraw, SC. The organization was established in 1967. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2021, Chesterfield-Marlboro Counties Economic Opportunity Council Inc employed 95 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chesterfield-Marlboro Counties Economic Opportunity Council 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, Chesterfield-Marlboro Counties Economic Opportunity Council Inc generated $6.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $6.0m during the year ending 12/2021. While expenses have increased by 0.3% 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
ADMINISTRATION OF GOVERNMENT GRANTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTERS GRANTS FROM GOVERNMENTAL AGENCIES AND NONPROFIT CORPORATIONS. COMPLIES WITH THE GRANTORS CONDITIONS AND REQUIREMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lorenza Mcrae Board Member | Trustee | 1 | $0 |
Rosa Bright Board Member | Trustee | 1 | $0 |
Carolyn Cole Green Chairperson | Trustee | 1 | $0 |
Loretta Mcneal Chairperson | Trustee | 1 | $0 |
Pearlie Lawson 2nd Vice Chair | Trustee | 1 | $0 |
Mary Swiney Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,587,811 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,045,806 |
| Noncash contributions included in lines 1a–1f | $1,038,299 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,633,617 |
| Total Program Service Revenue | $0 |
| 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 | $6,633,617 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $746,512 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $80,675 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,273,198 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $790,648 |
| Payroll taxes | $0 |
| Fees for services: Management | $211,117 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $491 |
| Office expenses | $50,175 |
| Information technology | $60,613 |
| Royalties | $0 |
| Occupancy | $66,285 |
| Travel | $15,352 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $906 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $121,722 |
| Insurance | $73,731 |
| All other expenses | $1,216,216 |
| Total functional expenses | $5,983,170 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,166,818 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $354,350 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,309,315 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,830,483 |
| Accounts payable and accrued expenses | $214,967 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $214,967 |
| Net assets without donor restrictions | $3,615,516 |
| Net assets with donor restrictions | $0 |
| 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 | $3,830,483 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cobbworks Inc Marietta, GA | $1,042,645 | $6,034,938 |
Chesterfield-Marlboro Counties Economic Opportunity Council Inc Cheraw, SC | $3,830,483 | $6,633,617 |
Tck Providence Inc Winston Salem, NC | $1,983,260 | $3,578,834 |
Atlanta Electrical Joint Apprenticeship & Training Committe Norcross, GA | $3,550,323 | $3,191,649 |
Eastern Carolina Workforce Development Board Inc New Bern, NC | $405,780 | $3,368,126 |
Southeastern Carpenters Training Trust Martinez, GA | $13,939,872 | $4,338,311 |
Mechanical Trades Institute Joint Apprenticeship And Training Trust Atlanta, GA | $7,970,880 | $3,241,037 |
Middle Georgia Consortium Inc Warner Robins, GA | $769,176 | $2,483,100 |
Our Lady Of Mercy Community Outreach Services Johns Island, SC | $11,741,992 | $3,878,149 |
Homeaid Atlanta Inc Atlanta, GA | $893,529 | $1,490,160 |
Georgia Sheet Metal Joint Apprenticeship Committee Atlanta, GA | $2,146,366 | $1,359,342 |
Refuge Coffee Inc Clarkston, GA | $651,318 | $1,016,826 |