Overview
What is Economic Opportunities Advancement Corp Of Planning Region Xi?
The Economic Opportunities Advancement Corp of Planning Region Xi is a nonprofit organization located at 500 Franklin Avenue in Waco, Texas, with a workforce of 274 employees. Their mission is to provide emergency assistance to qualified low-income individuals facing difficulties with utilities and rent, and help those who can transition out of poverty. They strive to serve people in need with compassion and dignity, aiming to ease the pain of poverty barriers and enable economic independence. The organization implements and executes the provisions of the Economic Opportunities Act of 1964, focusing on emergency services.
Official website here: www.eoacwaco.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
The Economic Opportunities Advancement Corp Of Planning Region Xi has received a solid Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The score is based entirely on the Accountability & Finance beacon, indicating that the organization demonstrates a commitment to transparency and responsible management of funds.
One of the notable strengths of this nonprofit is its governance structure, featuring a fully independent board with 11 members. This aspect, along with the absence of material diversion of assets, highlights the organization's integrity in operations. Additionally, it has comprehensive policies in place regarding conflict of interest, whistleblower protections, and document retention, further solidifying its responsible governance.
Despite its strengths, potential donors might want to consider that the rating does not include other aspects, such as program effectiveness or impact, which are not reflected in the score. While the high program expense ratio suggests that a significant portion of funds is directed toward programs, more information on the outcomes of these programs could provide a fuller picture of the organization's overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Economic Opportunities Advancement Corp Of Planning Region Xi legitimate?
Economic Opportunities Advancement Corp Of Planning Region Xi is a legitimate nonprofit organization registered as a 501(c)(3) entity. Economic Opportunities Advancement Corp Of Planning Region Xi 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: $184,553
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,033,609
For more financial information, click here
Official website here: www.eoacwaco.org
What is the mission statement of Economic Opportunities Advancement Corp Of Planning Region Xi?
The Economic Opportunities Advancement Corp of Planning Region Xi is devoted to serving those in need with compassion and dignity. Its primary goal is to help individuals achieve economic independence and alleviate the burdens of poverty barriers. The organization carries out the provisions of the Economic Opportunities Act of 1964, implementing various programs to support this mission. One of its key activities includes providing emergency assistance for qualified low-income individuals, offering aid for essentials such as utilities and rent. The organization also aims to transition individuals out of poverty, working towards long-term self-sufficiency.
Official website here: www.eoacwaco.org
What is the revenue of Economic Opportunities Advancement Corp Of Planning Region Xi?
Economic Opportunities Advancement Corp Of Planning Region Xi's revenue in 2023 was $23,700,681.
Official website here: www.eoacwaco.org
Who are the executives of Economic Opportunities Advancement Corp Of Planning Region Xi and what are their salaries?
The average compensation at Economic Opportunities Advancement Corp Of Planning Region Xi during 2023 was $28,635. There are 287 employees and 746 volunteers at Economic Opportunities Advancement Corp Of Planning Region Xi.
Here are 14 key members and their salaries:
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- Compensation: $78,669
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- Compensation: $3,208
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Official website here: www.eoacwaco.org
Where can I find the form 990 for Economic Opportunities Advancement Corp Of Planning Region Xi?
Economic Opportunities Advancement Corp Of Planning Region Xi's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.eoacwaco.org
Learn more at the official website: www.eoacwaco.org
Mission Statement of Economic Opportunities Advancement Corp Of Planning Region Xi
The Economic Opportunities Advancement Corp of Planning Region Xi, a compassionate organization, is dedicated to serving individuals in need with dignity. Its mission is to implement and carry out the provisions of the Economic Opportunities Act of 1964. This nonprofit corporation strives to help those who can achieve economic independence and ease the pain of poverty barriers.
In practice, the Economic Opportunities Advancement Corp offers emergency assistance for qualified low-income individuals. This assistance includes aid for essential utilities and rent. By providing this critical support, the organization enables people to focus on improving their circumstances and transitioning out of poverty. The corporation's commitment to compassion and dignity empowers those it serves to regain control of their lives and build a better future for themselves.
The Economic Opportunities Advancement Corp stands as a beacon of hope for individuals facing economic hardships. Its mission is not only to provide immediate relief but also to create a lasting impact. Through its dedication to the Economic Opportunities Act of 1964, it offers a hand up to those in need, fostering self-sufficiency and economic independence. By serving people with care and respect, the Economic Opportunities Advancement Corp of Planning Region Xi is making a difference in the lives of countless individuals and communities.
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Impact
October, 2024
Economic Opportunities Advancement Corp Of Planning Region Xi plays a vital role in addressing poverty and supporting low-income individuals in Waco, Texas. By providing emergency assistance for essential needs such as utilities and rent, the organization helps to alleviate immediate financial burdens. This support is crucial for individuals and families facing economic hardships, allowing them to maintain stability in their living situations.
Moreover, by focusing on empowering individuals to achieve economic independence, the organization fosters long-term positive outcomes. Through its programs, it not only addresses immediate needs but also encourages pathways out of poverty, equipping clients with the resources necessary to improve their economic circumstances. Overall, the organization significantly impacts the community by easing the pain of poverty and helping residents achieve a better quality of life.
This information is meant to be a general summary of Economic Opportunities Advancement Corp Of Planning Region Xi. 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 2023.
- Investment Income: $2,497
- Program Service Revenue: $2,486,536
- Gross Receipts: $23,700,681
Assets and Liabilities:
- Total Assets: $14,954,595
- Total Liabilities: $6,988,797
- Net Assets: $7,965,798
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HEALTH PLAN REVENUE
Revenue
$2,486,536
Organization Details
Founding Year
1966
Principal Officer
Dorothy Marstaller
Website
www.eoacwaco.orgNTEE Category
Code: P200 - Human services
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