Just Economics
- Assets
- $63.8k
- Revenue
- $258.5k
- Investments
- $0.0
- Employees
- 6
- Location
- Asheville, NC
- Founding
- 07/2002
- Data as of
- 12/2023
- EIN
- 61-1403579
Organization Overview
Just Economics is located in Asheville, NC. The organization was established in 2002. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Just Economics employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Just Economics 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 12/2023, Just Economics generated $258.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $332.7k during the year ending 12/2023. While expenses have increased by 13.2% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO EDUCATE, ADVOCATE AND ORGANIZE FOR A MORE JUST AND SUSTAINABLE LOCAL ECONOMY THAT WORKS FOR ALL IN WESTERN NORTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
-NEWLY CERTIFIED 45 BUSINESSES PAYING A LIVING WAGE , ADDING TO THE LARGEST VOLUNTARY LIVING WAGE CERTIFICATION PROGRAM IN THE COUNTRY. -GRADUATED AN IN-PERSON AND A VIRTUAL CLASS OF VOICES FOR ECONOMIC JUSTICE , BUILDING UP THE LEADERSHIP CAPACITY OF PEOPLE LIVING ON A LOW-INCOME. -SUCCESSFULLY ADVOCATED FOR LIVING WAGES FOR A PAID PARENTAL LEAVE POLICE WITH THE CITY OF BREVARD. -LAUNCHED THE WNC TENANTS NETWORK -CARRIED ON THE WORK OF THE LIVING WAGE COALITION OF TRANSYLVANIA COUNTY, INCREASING COALITION MEMBERSHIP AND CERTIFYING MORE EMPLOYERS PAYING A LIVING WAGE.
-LED THE WNC WORKERS ASSEMBLY AND HOSTED EVENTS INCLUDING MAY DAY AND SOLIDARITY SUMMER WORKSHOPS. -CONTINUED THE WORK OF THE AFFORDABLE HOUSING STRATEGY TEAM AND BETTER BUSES TOGETHER, HOSTING 2 RIDERS ASSEMBLIES AND ADVANCING IMPROVED SIGNAGE AT THE BUS STATION. -DEVELOPED THE CENTRALIZED RENTAL APPLICATION. -HOSTED VIRTUAL AND IN-PERSON EDUCATIONAL WORKSHOPS AND TRAININGS INCLUDING TENANTS RIGHTS WORKSHOPS AND POVERTY SIMULATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vicki Meath Executive Director | Officer | 40 | $68,312 |
Hector Selgado Board Chair | OfficerTrustee | 4 | $0 |
Patricia Horrocks Board Vice-Chair | OfficerTrustee | 3 | $0 |
Sam Stites Board Secretary | OfficerTrustee | 3 | $0 |
Gennie Gonzalez Treasurer | OfficerTrustee | 3 | $0 |
Philip Cooper Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,637 |
| Membership dues | $6,420 |
| Fundraising events | $5,827 |
| Related organizations | $0 |
| Government grants | $31,217 |
| All other contributions, gifts, grants, and similar amounts not included above | $203,888 |
| Noncash contributions included in lines 1a–1f | $5,330 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $248,989 |
| Total Program Service Revenue | $12,150 |
| Investment income | $113 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$570 |
| Net Income from Gaming Activities | -$2,188 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $258,494 |
| 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. | $68,313 |
| Compensation of current officers, directors, key employees. | $3,416 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $162,286 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,621 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,147 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,379 |
| Advertising and promotion | $406 |
| Office expenses | $9,701 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,467 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,144 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,358 |
| All other expenses | $0 |
| Total functional expenses | $332,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $63,795 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $63,795 |
| Accounts payable and accrued expenses | $10,235 |
| 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 | $10,235 |
| Net assets without donor restrictions | $53,560 |
| 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 | $63,795 |