Overview
What is Economic Opportunity Foundation Inc?
The Economic Opportunity Foundation Inc, established in Wyandotte County, serves as a community action agency with a mission to combat poverty. Funded primarily by the Federal Community Services Block Grant, they offer direct services to eligible low-income individuals. Their services encompass emergency assistance, such as utility and rent support, mortgage default counseling, and job placement assistance. They also provide employment supports, like transportation aid, work tools, and uniforms. Case management services help individuals work towards self-sufficiency, while senior commodity distribution offers food supplies to elderly and disabled individuals. Additionally, housing services aim to address homelessness and prevent it in low-income individuals. During the 2020-2022 fiscal year, they served 756 individuals. The Economic Opportunity Foundation Inc is dedicated to mobilizing resources to alleviate poverty and assist low-income residents in achieving self-sufficiency.
Official website here: www.eofkck.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star rating.
The Economic Opportunity Foundation Inc has achieved a perfect score of 100%, reflecting exceptional performance in accountability and finance, which is the sole basis for their rating. This strong score indicates that the organization maintains high standards in governance and financial integrity, providing confidence for donors regarding the proper management of funds.
One of the notable strengths of the foundation is its fully independent board, consisting of eight members, which enhances decision-making and minimizes conflicts of interest. The organization also adheres to best practices with comprehensive policies in place, including conflict of interest and whistleblower policies, ensuring transparency and ethical conduct.
Financially, the foundation demonstrates sound management with a low liabilities-to-assets ratio of 30.24% and a program expense ratio of 72.77%. This suggests that a significant portion of its resources is directed towards its programs rather than administrative costs, further supporting its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Economic Opportunity Foundation Inc legitimate?
Economic Opportunity Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Economic Opportunity Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $80,456
Professional Fundraising Fees: $0
Other Salaries and Wages: $186,777
For more financial information, click here
Official website here: www.eofkck.org
What is the mission statement of Economic Opportunity Foundation Inc?
The Economic Opportunity Foundation Inc, acting as a non-profit community action agency, aims to mobilize necessary resources to address the causes and conditions of poverty. Their mission is to assist low-income residents in Wyandotte County, helping them progress towards self-sufficiency. They provide direct services to eligible individuals, including emergency assistance, employment services and supports, case management services, senior commodity distribution, and housing services. During their fiscal year ending in March 2022, they served over 750 individuals, offering utility and rent assistance, job preparation, and placement assistance, among other services.
Official website here: www.eofkck.org
What is the revenue of Economic Opportunity Foundation Inc?
Economic Opportunity Foundation Inc's revenue in 2024 was $650,221.
Official website here: www.eofkck.org
Who are the executives of Economic Opportunity Foundation Inc and what are their salaries?
The average compensation at Economic Opportunity Foundation Inc during 2024 was $44,539. There are 6 employees and 13 volunteers at Economic Opportunity Foundation Inc.
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- Compensation: $80,456
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Official website here: www.eofkck.org
Where can I find the form 990 for Economic Opportunity Foundation Inc?
Economic Opportunity Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.eofkck.org
Learn more at the official website: www.eofkck.org
Mission Statement of Economic Opportunity Foundation Inc
The Economic Opportunity Foundation Inc, a non-profit community action agency, is dedicated to tackling the root causes and conditions of poverty in Wyandotte County. Their mission is to mobilize necessary resources to help low-income residents in the area progress towards self-sufficiency. This organization operates with a strong commitment to assisting those in need, providing direct services that cater to various necessities, such as emergency assistance, employment services, case management, senior commodity distribution, and housing services. The Economic Opportunity Foundation Inc's efforts aim to support families in crisis, providing them with essential resources like utility and rent assistance, job preparation, and transportation needs. During their fiscal year ending March 31, 2022, they served 756 individuals, demonstrating their ongoing commitment to helping those in need move towards self-sufficiency.
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Impact
July, 2024
Economic Opportunity Foundation Inc's impact can be seen in its direct services that address the causes and conditions of poverty in Wyandotte County. Through activities such as emergency assistance, employment services, case management, senior commodity distribution, and housing services, EOF assists low-income individuals in moving towards self-sufficiency. In the fiscal year ending March 31, 2022, the organization served 756 individuals, providing them with essential support to improve their economic well-being and quality of life in Kansas City, Kansas.
This information is meant to be a general summary of Economic Opportunity Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $155
- Program Service Revenue: $15,500
- Gross Receipts: $650,221
Assets and Liabilities:
- Total Assets: $208,373
- Total Liabilities: $119,588
- Net Assets: $88,785
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENU
Revenue
$15,500
Organization Details
Founding Year
1965
Principal Officer
Rita D Adams
Website
www.eofkck.orgNTEE Category
Code: P20Z - Human services
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