Overview
What is Economic Council Helping Others Inc?
Economic Council Helping Others Inc, situated in Farmington, New Mexico, is a nonprofit organization committed to addressing poverty within the northern region of the state. They primarily operate through grants from various sources, focusing on identifying, assisting, and eliminating the root causes of poverty. Moreover, they run a Commodity Supplemental Food Program, which involves providing warehousing, client certification, inventory management, and food distribution to low-income individuals and families. This program aims to uphold public health standards and promote well-being in the community. With a team of 41 dedicated employees, Economic Council Helping Others Inc strives to enhance the lives of those in need.
Official website here: www.echoinc.org
What are the reviews and ratings of this charity?
**: Charity Navigator Rating 100% (Four-Star out of Four Stars)**tar)**
Economic Council Helping Others Inc has received an exceptional Four-Star rating from Charity Navigator, highlighting its strong accountability and finance practices. The organization boasts a perfect score in several critical areas, including independent board membership and the absence of any material diversion of assets, which indicates a well-governed nonprofit that prioritizes financial integrity and transparency.
Strengths of the organization include the high percentage of program expenses directed towards its mission, which stands at over 96%. This indicates that the majority of its financial resources are being effectively utilized for its programs, ensuring that beneficiaries receive maximum support. Additionally, the presence of comprehensive policies, such as a whistleblower policy and conflict of interest guidelines, adds to its credibility and operational soundness.
However, while the organization excels in its financial assessments and governance structures, user feedback from GreatNonprofits was not available for further insights into its community impact or recipient experiences. Overall, the strong rating reflects confidence in its financial health and organizational practices, making it a notable entity in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Economic Council Helping Others Inc legitimate?
Economic Council Helping Others Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Economic Council Helping Others 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: $183,933
Professional Fundraising Fees: $0
Other Salaries and Wages: $585,269
For more financial information, click here
Official website here: www.echoinc.org
What is the mission statement of Economic Council Helping Others Inc?
Economic Council Helping Others Inc's mission is centered around administering grants from various sources with the primary objective of identifying, assisting, and ultimately eliminating poverty within Northern New Mexico. Their mission is to address the root causes of poverty in this region, aiming to bring about lasting change. The organization also manages a Commodity Supplemental Food Program, providing essential services such as warehousing, client certification, inventory control, and food distribution to promote public health standards for low-income individuals and families in the area.
Official website here: www.echoinc.org
What is the revenue of Economic Council Helping Others Inc?
Economic Council Helping Others Inc's revenue in 2023 was $7,517,208.
Official website here: www.echoinc.org
Who are the executives of Economic Council Helping Others Inc and what are their salaries?
The average compensation at Economic Council Helping Others Inc during 2023 was $13,736. There are 56 employees and 150 volunteers at Economic Council Helping Others Inc.
Here are 12 key members and their salaries:
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Official website here: www.echoinc.org
Where can I find the form 990 for Economic Council Helping Others Inc?
Economic Council Helping Others Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.echoinc.org
Learn more at the official website: www.echoinc.org
Mission Statement of Economic Council Helping Others Inc
Economic Council Helping Others Inc, a nonprofit organization, is dedicated to addressing and eradicating poverty within Northern New Mexico. They accomplish this mission by administering grants from various sources. Their primary goal is to identify the root causes of poverty and provide assistance to those in need, with the ultimate aim of eliminating it. This organization plays a vital role in promoting public health standards by providing a Commodity Supplemental Food Program. Through this program, they offer warehousing, client certification, inventory control, and food distribution to low-income individuals and families. This service ensures that they can access nutritious food, thereby contributing positively to their overall health and well-being.
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Impact
July, 2024
Economic Council Helping Others Inc administers grants to identify, assist, and eliminate the causes of poverty within Northern New Mexico. They also run a Commodity Supplemental Food Program that provides warehousing, certification of clients, inventory control, and food distribution to low-income individuals and families, promoting public health standards. Their work directly impacts individuals and families in need, addressing the root causes of poverty and improving access to essential resources like food. The organization's focus on human services demonstrates a commitment to uplifting and supporting vulnerable populations in their community.
This information is meant to be a general summary of Economic Council Helping Others 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 2023.
- Investment Income: $1,042
- Program Service Revenue: $471,758
- Gross Receipts: $7,519,851
Assets and Liabilities:
- Total Assets: $2,337,460
- Total Liabilities: $74,336
- Net Assets: $2,263,124
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE AND FE
Revenue
$471,758
Organization Details
Founding Year
1967
Principal Officer
Kim Martin
Website
www.echoinc.orgNTEE Category
Code: P200 - Human services
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