Overview
What is Waccamaw Economic Opportunity Council Inc?
Waccamaw Economic Opportunity Council Inc, based in Conway, South Carolina, is a nonprofit organization dedicated to bettering their community by administering various programs. These initiatives include Headstart, First Step, CSBG, Summer Foods, and local projects. The majority of their income originates from federal, state, and local grants. By promoting health, education, welfare, housing, and employment opportunities, they strive to uplift qualified individuals within their community. Their workforce consists of 205 employees.
Official website here: www.weoc.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 91%, Four-Star out of Four Star rating.
Waccamaw Economic Opportunity Council Inc has demonstrated strong performance in accountability and finance, earning a commendable Four-Star rating from Charity Navigator. The organization scored 91% overall, reflecting a commitment to transparency and responsible financial management. Their independent board members and robust governance practices further enhance their credibility, as evidenced by perfect scores in key areas such as conflict of interest and whistleblower policies.
The charity has successfully maintained a high program expense ratio of 98.52%, indicating that a significant portion of their budget is directed towards fulfilling their mission rather than administrative costs. Additionally, they have no recorded material diversion of assets, which further attests to their ethical handling of resources. Their fiscal health appears solid, although their liabilities to assets ratio could suggest a need for ongoing monitoring.
Despite these strengths, the organization scored slightly lower in the liabilities to assets ratio, which stands at 57.00%. While this is not alarming, it is an area that could benefit from improvement to ensure long-term sustainability. Overall, Waccamaw Economic Opportunity Council Inc is positioned as a responsible and impactful nonprofit with a clear focus on effective service delivery.
This AI summary has been generated from information found on Charity Navigator.
Is Waccamaw Economic Opportunity Council Inc legitimate?
Waccamaw Economic Opportunity Council Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waccamaw Economic Opportunity Council 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: $218,536
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,207,897
For more financial information, click here
Official website here: www.weoc.org
What is the mission statement of Waccamaw Economic Opportunity Council Inc?
The Waccamaw Economic Opportunity Council Inc is dedicated to administering programs that foster health, education, welfare, housing, and employment opportunities for eligible individuals within their community. Through various initiatives such as HeadStart, First Step, CSBG, Summer Foods, and local programs, the organization plays a significant role in promoting self-sufficiency and improving the quality of life for those in need. A large portion of the council's income is derived from federal, state, and local grants, allowing them to continue providing essential services to their clientele.
Official website here: www.weoc.org
Who is the CEO of Waccamaw Economic Opportunity Council Inc?
James L Pasley Jr is the Executive Director of Waccamaw Economic Opportunity Council Inc.
Official website here: www.weoc.org
What is the revenue of Waccamaw Economic Opportunity Council Inc?
Waccamaw Economic Opportunity Council Inc's revenue in 2022 was $16,781,452.
Official website here: www.weoc.org
Who are the executives of Waccamaw Economic Opportunity Council Inc and what are their salaries?
The average compensation at Waccamaw Economic Opportunity Council Inc during 2022 was $26,470. There are 205 employees and 12 volunteers at Waccamaw Economic Opportunity Council Inc.
Here are 14 key members and their salaries:
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Official website here: www.weoc.org
Where can I find the form 990 for Waccamaw Economic Opportunity Council Inc?
Waccamaw Economic Opportunity Council Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.weoc.org
Learn more at the official website: www.weoc.org
Mission Statement of Waccamaw Economic Opportunity Council Inc
Waccamaw Economic Opportunity Council Inc, a community-focused organization, is dedicated to enhancing the lives of qualified individuals by administering programs that foster health, education, welfare, housing, and employment opportunities. The mission of this esteemed agency is multifaceted, aiming to bring about lasting change and improvement to the community it serves.
In concrete terms, Waccamaw Economic Opportunity Council Inc carries out its commitment through various initiatives. Headstart, a flagship program, sets the foundation for early childhood development by providing comprehensive educational services to prepare young children for school and future success. First Step offers vital assistance to individuals seeking to gain employment, providing the necessary resources and training to help them secure meaningful jobs. CSBG (Community Services Block Grant) is another essential program, providing essential services and resources to empower households towards self-sufficiency. Moreover, the organization also engages in Summer Foods and other local programs to ensure that children and families have access to nutritious meals during critical periods. A considerable portion of the organization's income stemms from federal, state, and local grants.
By administering these vital programs, Waccamaw Economic Opportunity Council Inc is able to make a tangible difference in the lives of individuals within its community, paving the way for a more prosperous and equitable future.
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Impact
October, 2024
Waccamaw Economic Opportunity Council Inc significantly impacts its community by administering a variety of programs aimed at enhancing health, education, welfare, housing, and employment for qualified individuals. Through initiatives such as Head Start, First Step, and the Community Services Block Grant (CSBG), the organization provides crucial resources and support to those in need.
By focusing on early childhood education and summer food programs, Waccamaw helps ensure that children have a strong foundation and access to nutritious meals. Their efforts in promoting welfare and employment not only assist individuals in achieving financial stability but also contribute to the overall economic development of the region. Through these programs, Waccamaw Economic Opportunity Council plays a vital role in fostering community improvement and enhancing the quality of life for its residents in Conway, SC.
This information is meant to be a general summary of Waccamaw Economic Opportunity Council 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 2022.
- Gross Receipts: $16,865,794
Assets and Liabilities:
- Total Assets: $5,963,151
- Total Liabilities: $3,413,636
- Net Assets: $2,549,515
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Organization Details
Founding Year
1982
Phone
(843) 234-4100Principal Officer
James L Pasley Jr
Main Address
1261 US HWY 501 EAST B, CONWAY, SC, 29526
Website
www.weoc.orgNTEE Category
Code: S200 - Community improvement
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