Coahoma Opportunities Inc
- Assets
- $2.8m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 154
- Location
- Clarksdale, MS
- Founding
- 11/1965
- Data as of
- 12/2021
- EIN
- 64-0434233
Organization Overview
Coahoma Opportunities Inc is located in Clarksdale, MS. The organization was established in 1965. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Coahoma Opportunities Inc employed 154 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coahoma 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, Coahoma Opportunities Inc generated $7.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $7.2m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
A NON-PROFIT COMMUNITY SERVICE AGENCY EXEMPLIFYING EXCELLENCE IN ACCESSING AND CONNECTING RESOURCES TO ADDRESS UNMET NEEDS, MOTIVATING AND EMPOWERING FAMILIES IN ACQUIRING THE SKILLS AND KNOWLEDGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY SERVICE BLOCK GRANT (CSBG)- TO ASSIST LOW-INCOME PARTICIPANTS WITH RENT AND OTHER NEEDED SERVICES
LOW INCOME HEATING ENERGY ASSISTANCE PROGRAM- (LIHEAP) ASSIST PARTICIPANTS WITH UTILITY BILLS
HEADSTART/USDA- TO ASSIST IN THE EDUCATION OF YOUNG CHILDREN BEFORE ENTERING KINDERGARTEN
RETIRED SENIOR VOLUNTEER PROGRAM- TO RECRUIT SENIORS TO PERFORM VOLUNTEER SERVICES FOR THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward L Seals Executive Director | Officer | 40 | $99,447 |
Jeremy Ricks Cheif Financial Officer | Officer | 40 | $87,465 |
Debra Halbert Head Start Director | Officer | 40 | $82,594 |
Erica Johson Human Resource Manager | Officer | 40 | $71,990 |
Linda Thomas A/p Accountant | Officer | 40 | $53,804 |
Jessica Dumas Payroll Accountant | Officer | 40 | $52,814 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,367,864 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,382,864 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $800 |
| 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 | $7,458,792 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $753,618 |
| 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 | $447,114 |
| Other salaries and wages | $2,870,569 |
| Pension plan accruals and contributions | $51,870 |
| Other employee benefits | $521,107 |
| Payroll taxes | $336,082 |
| Fees for services: Management | $40,715 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $60,544 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,707 |
| Office expenses | $1,021,819 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $358,752 |
| Travel | $176,363 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $54,226 |
| Interest | $15,696 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $139,057 |
| Insurance | $113,646 |
| All other expenses | $0 |
| Total functional expenses | $7,242,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $402,934 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,098,537 |
| 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 | $5,882 |
| Net Land, buildings, and equipment | $1,297,453 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,804,806 |
| Accounts payable and accrued expenses | $880,183 |
| Grants payable | $0 |
| Deferred revenue | $76,295 |
| 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 | $325,838 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $163,837 |
| Total liabilities | $1,446,153 |
| Net assets without donor restrictions | $1,358,653 |
| 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 | $2,804,806 |
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