Overview
What is Economic Opportunity Institute?
The Economic Opportunity Institute (EOI) is a nonprofit organization located in Seattle, Washington. Their primary focus is on promoting policies that benefit workers, businesses, and communities, with a particular emphasis on family and medical leave. They achieve this by conducting research, disseminating findings through public forums and media outreach, and advocating for these policies in local and state legislative bodies. EOI works in collaboration with various stakeholders, including grassroots organizations, community coalitions, and elected officials, to foster a more equitable society in Washington state. Their mission encompasses promoting educational opportunities, good jobs, healthy families and workplaces, and a dignified retirement for all, with a recognition of the need to address racial and economic disparities. EOI employs a team of 11 individuals.
Official website here: www.opportunityinstitute.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The Economic Opportunity Institute has earned a solid Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The rating is based entirely on accountability metrics, where the organization excels with a perfect score for having a majority independent board and no material diversion of assets. This suggests a well-governed organization focused on responsible financial management.
The organization demonstrates good financial health, with a program expense ratio of 67.15%, indicating that a significant portion of its resources is directed toward its mission-related programs. Additionally, its fundraising efficiency is commendable, with a cost of just $0.19 to raise a dollar, showcasing effective fundraising efforts. The working capital ratio of 8.24 years also points to a strong financial position.
However, there are some areas for improvement, particularly regarding governance policies. The absence of a whistleblower policy and a document retention and destruction policy may indicate gaps in transparency and risk management. Addressing these missing policies could enhance the organization’s overall governance framework and build greater trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Economic Opportunity Institute legitimate?
Economic Opportunity Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Economic Opportunity Institute 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: $146,848
Professional Fundraising Fees: $0
Other Salaries and Wages: $743,753
For more financial information, click here
Official website here: www.opportunityinstitute.org
What is the mission statement of Economic Opportunity Institute?
The Economic Opportunity Institute (EOI) strives to create a more equitable society by collaborating with various entities and influencing policy. Their primary focus is on promoting health care access, quality education, decent work-life standards, retirement security, and collective investments for a better future. Recognizing the importance of addressing racial and economic disparities, EOI advocates for policies that bridge these gaps, ultimately aiming for a prosperous economy where everyone can thrive.
In specific terms, EOI's mission is to construct an economy that benefits all, by fostering educational opportunities, ensuring good jobs, promoting healthy families and workplaces, and securing a dignified retirement for all. One of their initiatives involves conducting research on the advantages of family and medical leave policies and advocating for their implementation at both local and state legislative levels.
Official website here: www.opportunityinstitute.org
Who is the CEO of Economic Opportunity Institute?
Summer Stinson is the Executive Director of Economic Opportunity Institute.
Official website here: www.opportunityinstitute.org
What is the revenue of Economic Opportunity Institute?
Economic Opportunity Institute's revenue in 2021 was $1,181,497.
Official website here: www.opportunityinstitute.org
Who are the executives of Economic Opportunity Institute and what are their salaries?
The average compensation at Economic Opportunity Institute during 2021 was $80,964. There are 11 employees and 16 volunteers at Economic Opportunity Institute.
Here are 17 key members and their salaries:
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- Compensation: $41,403
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- Other: $28,413
Official website here: www.opportunityinstitute.org
Where can I find the form 990 for Economic Opportunity Institute?
Economic Opportunity Institute's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.opportunityinstitute.org
Learn more at the official website: www.opportunityinstitute.org
Mission Statement of Economic Opportunity Institute
The Economic Opportunity Institute, abbreviated as EOI, is dedicated to creating a more equitable and prosperous Washington state for all its residents. Their mission is threefold: promoting educational opportunities, fostering the creation of quality jobs, and ensuring a dignified retirement for all. EOI recognizes the importance of addressing institutional and structural racism, as it contributes significantly to economic, educational, and health disparities. By advocating for policies that bridge racial and economic gaps, EOI works towards a future where every Washingtonian can thrive in a just economy.
In pursuit of this mission, EOI focuses on several key areas. They conduct research and publish findings related to family and medical leave policies, demonstrating their benefits for workers, businesses, and communities. Through public forums, media outreach, and various platforms, EOI disseminates this research, aiming to influence policy-making in local and state legislative bodies. By advocating for family and medical leave policies, EOI seeks to improve the work-life balance for individuals, ultimately contributing to a healthier and more productive workforce.
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Impact
July, 2024
The Economic Opportunity Institute works to promote educational opportunity, good jobs, healthy families and workplaces, and a dignified retirement for all in Washington state. By publishing research, encouraging debate, and catalyzing policy initiatives, EOI aims to make Washington a better place to live, work, raise a family, and do business. The organization focuses on issues like health care access, high-quality education, modern work-life standards, retirement security, and shared investments in the common future. Additionally, EOI recognizes the importance of addressing institutional and structural racism to overcome economic, educational, and health disparities. Through advocating for policies that close racial and economic gaps, EOI strives for a future of shared opportunity and prosperity where every Washingtonian can thrive.
This information is meant to be a general summary of Economic Opportunity Institute. 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 2021.
- Investment Income: $166,160
- Gross Receipts: $1,695,003
Assets and Liabilities:
- Total Assets: $9,868,334
- Total Liabilities: $179,707
- Net Assets: $9,688,627
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Organization Details
Founding Year
1998
Phone
(206) 633-6580Principal Officer
Summer Stinson
Main Address
603 Stewart Ave Ste 715, Seattle, WA, 98101
Website
www.opportunityinstitute.orgNTEE Category
Code: S41 - Community improvement
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