Economic Opportunity For Savannah Chatham County Area Inc
- Assets
- $8.5m
- Revenue
- $14.9m
- Investments
- $0.0
- Employees
- 284
- Location
- Savannah, GA
- Founding
- 06/1965
- Data as of
- 09/2022
- EIN
- 58-0952632
Organization Overview
Economic Opportunity For Savannah Chatham County Area Inc is located in Savannah, GA. The organization was established in 1965. 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, Economic Opportunity For Savannah Chatham County Area Inc employed 284 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Economic Opportunity For Savannah Chatham County Area 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, Economic Opportunity For Savannah Chatham County Area Inc generated $14.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $14.9m during the year ending 09/2022. While expenses have increased by 4.5% 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
TO PROVIDE COMMUNITY-BASED SERVICES WHICH EMPOWER CITIZENS TO ATTAIN ECONOMIC INDEPENDENCE AND A HIGHER QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEADSTART PROGRAM FUNDED BY THE U.S. DEP'T. OF HEALTH AND HUMAN SERVICES, PROVIDING COMPREHENSIVE EARLY CHILDHOOD DEVELOPMENT FOR ECONOMICALLY DISADVANTAGED PRE-SCHOOL CHILDREN, SOME OF WHOM ARE HANDICAPPED.
LOW-INCOME HOME ENERGY AND WATER ASSISTANCE - THE OBJECTIVE OF THIS PROGRAM IS TO HELP LOW-INCOME PEOPLE MEET THE COSTS OF HOME ENERGY, DEFINED AS HEATING AND COOLING OF RESIDENCES, AS WELL AS THE COSTS OF DRINKING WATER AND WASTEWATER OF RESIDENCES. A PRIMARY PURPOSE IS MEETING IMMEDIATE HOME ENERGY AND WATER UTILITY NEEDS. THE TARGET POPULATION IS LOW INCOME HOUSEHOLDS, ESPECIALLY THOSE WITH THE LOWEST INCOMES AND THE HIGHEST HOME ENERGY AND WATER COSTS OR NEEDS IN RELATION TO INCOME. ADDITIONAL TARGETS ARE LOW-INCOME HOUSEHOLDS WITH MEMBERS WHO ARE ESPECIALLY VULNERABLE, INCLUDING THE ELDERLY, PERSONS WITH DISABILITIES, AND YOUNG CHILDREN.
EMERGENCY RENTAL ASSISTANCE PROGRAM FUNDED BY THE U.S. DEPARTMENT OF THE TREASURY. PROVIDES UP TO 18 MONTHS OF FINANCIAL ASSISTANCE INCLUDED RENTS AND RENTAL ARREARS, UTILITIES AND UTILITY ARREARS, MOVING COSTS, AND STORAGE COSTS TO ELIGIBLE HOUSEHOLDS. AN ELIGIBLE HOUSE IS DEFINED AS A RENTER HOUSEHOLD THAT HAS A HOUSEHOLD IMCOME AT OR BELOW 80% OF THE AREA MEDIAN AND IN WHICH AT LEAST ONE OR MORE INDIVIDUALS LIVING IN THE HOUSEHOLD QUALIFIES FOR UNEMPLOYMENT OR HAS EXPERIENCED A REDUCTION IN HOUSEHOLD INCOME, INCURRED SIGNIFICANT COSTS, OR EXPERIENCED A FINANCIAL HARDSHIP DUE TO COVID-19 AND CAN DEMONSTRATE A RISK OF EXPERIENCING HOMELESSNESS OR HOUSING INSTABILITY.
PROGRAMS UNDER PRE-K PROGRAM FUNDED BY BRIGHT FROM THE START/GEORGIA DEPARTMENT OF EARLY CARE AND LEARNING, COMMUNITY SERVICE BLOCK GRANTS, HOUSING COUNSELING, EMERGENCY SHELTER, RETIRED AND SENIOR VOLUNTEER PROGRAM, AND FOSTER GRANDPARENT PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Terry Tolbert Executive Di | Officer | 40 | $104,388 |
Mr Adam Solender Treasurer | OfficerTrustee | 2 | $0 |
Ms Wendy A Owens Chair | OfficerTrustee | 2 | $0 |
Ms Patricia Jenkins-Spady Secretary | OfficerTrustee | 2 | $0 |
Karen Bogans Vice Chair | OfficerTrustee | 2 | $0 |
Mr Henry L Perry II Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $60,891 |
| Noncash contributions included in lines 1a–1f | $12,699 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,891 |
| Total Program Service Revenue | $14,675,140 |
| Investment income | $2,531 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$23,218 |
| 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 | $14,850,530 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,566,187 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $105,455 |
| Compensation of current officers, directors, key employees. | $105,455 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,971,307 |
| Pension plan accruals and contributions | $38,502 |
| Other employee benefits | $644,561 |
| Payroll taxes | $491,921 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,264 |
| Fees for services: Accounting | $36,756 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $370,330 |
| Advertising and promotion | $33,510 |
| Office expenses | $93,739 |
| Information technology | $27,742 |
| Royalties | $0 |
| Occupancy | $973,293 |
| Travel | $153,031 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $44,369 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $494,728 |
| Insurance | $150,548 |
| All other expenses | $200,264 |
| Total functional expenses | $14,915,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,116 |
| Savings and temporary cash investments | $503,229 |
| Pledges and grants receivable | $433,646 |
| Accounts receivable, net | $7,858 |
| 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 | $47,569 |
| Net Land, buildings, and equipment | $6,914,100 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,476 |
| Other assets | $434,285 |
| Total assets | $8,523,279 |
| Accounts payable and accrued expenses | $619,945 |
| 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 | $1,216,126 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $259,884 |
| Total liabilities | $2,095,955 |
| Net assets without donor restrictions | $6,427,324 |
| 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 | $8,523,279 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Economic Opportunity For Savannah Chatham County Area Inc has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
Central Indiana Community Foundation Inc Indianapolis, IN PURPOSE: Community Relief Fund Grant | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Community Development Corporation Inc Memphis, TN | $275,024,548 | $28,566,509 |
Csra Economic Opportunity Authority Inc Augusta, GA | $4,657,645 | $27,091,304 |
Charleston Area Convention & Visitors Bureau Charleston, SC | $17,210,458 | $29,781,081 |
Neighborhood Improvement Project Inc Augusta, GA | $12,770,161 | $24,738,698 |
Action Pact Inc Waycross, GA | $10,194,672 | $25,026,911 |
Upper East Tennessee Human Development Agency Kingsport, TN | $7,143,102 | $23,146,809 |
Northwest Tennessee Economic Development Council Dresden, TN | $2,980,191 | $21,895,121 |
Tallatoona Community Action Partnership Inc Cartersville, GA | $2,878,907 | $21,403,724 |
Macon Bibb County Economic Opportunity Council Inc Macon, GA | $9,862,743 | $18,330,804 |
Economic Opportunity For Savannah Chatham County Area Inc Savannah, GA | $8,523,279 | $14,850,530 |
Waccamaw Economic Opportunity Council Inc Conway, SC | $5,439,118 | $14,126,176 |
Coastal Plain Area Economic Opportunity Authority Inc Valdosta, GA | $6,623,534 | $13,801,263 |