Civic Intelligence

Economic Opportunity Foundation Inc.

990 • Fiscal year 2022 • EIN 48-6120518

Apr 01, 2021 to Mar 31, 2022 • Filed on Feb 15, 2023

950 Quindaro BlvdKansas City, KS 66109

(913) 371-7800

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

88th percentile

0.57x

Higher debt load relative to assets than 88% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

72nd percentile

0.14x

Higher debt load relative to revenue than 72% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

47th percentile

4.7%

Higher net margin than 47% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

80th percentile

$76,348

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 8.8% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

23rd percentile

-9.2%

Faster asset growth than 23% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

58th percentile

16%

Faster revenue growth than 58% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Down

$208,373

Down $21,030 (-9.2%) from 2021

Net Assets

Up

$88,785

Up $41,049 (+86%) from 2021

Liabilities

Down

$119,588

Down $62,079 (-34%) from 2021

Revenue

Up

$864,482

Up $116,849 (+16%) from 2021

Expenses

Up

$823,843

Up $58,378 (+7.6%) from 2021

Net Income

Up

$40,639

Up $58,471 (+328%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2012: $828,996Liabilities 2012: $307,419Net Assets 2012: $521,5772012Assets 2013: $812,172Liabilities 2013: $314,915Net Assets 2013: $497,2572013Assets 2014: $137,060Liabilities 2014: $27,555Net Assets 2014: $109,5052014Assets 2015: $139,166Liabilities 2015: $70,453Net Assets 2015: $68,7132015Assets 2016: $99,941Liabilities 2016: $44,110Net Assets 2016: $55,8312016Assets 2017: $134,683Liabilities 2017: $67,565Net Assets 2017: $67,1172017Assets 2018: $83,021Liabilities 2018: $21,011Net Assets 2018: $62,0102018Assets 2019: $141,554Liabilities 2019: $68,649Net Assets 2019: $72,9052019Assets 2020: $136,450Liabilities 2020: $70,882Net Assets 2020: $65,5682020Assets 2021: $229,403Liabilities 2021: $181,667Net Assets 2021: $47,7362021Assets 2022: $208,373Liabilities 2022: $119,588Net Assets 2022: $88,7852022Assets 2023: $367,147Liabilities 2023: $111,038Net Assets 2023: $256,1092023Assets 2024: $353,347Liabilities 2024: $100,161Net Assets 2024: $253,1862024Assets 2025: $319,730Liabilities 2025: $141,006Net Assets 2025: $178,7242025

Highlighted filing

2022

Assets$208,373
Liabilities$119,588
Net Assets$88,785

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2012: $6,659,552Expenses 2012: $6,581,671Net Income 2012: $77,8812012Revenue 2013: $6,711,650Expenses 2013: $6,735,970Net Income 2013: -$24,3202013Revenue 2014: $2,756,694Expenses 2014: $2,824,448Net Income 2014: -$67,7542014Revenue 2015: $435,921Expenses 2015: $476,713Net Income 2015: -$40,7922015Revenue 2016: $449,192Expenses 2016: $462,078Net Income 2016: -$12,8862016Revenue 2017: $512,375Expenses 2017: $501,089Net Income 2017: $11,2862017Revenue 2018: $439,016Expenses 2018: $444,123Net Income 2018: -$5,1072018Revenue 2019: $476,395Expenses 2019: $465,500Net Income 2019: $10,8952019Revenue 2020: $527,485Expenses 2020: $534,822Net Income 2020: -$7,3372020Revenue 2021: $747,633Expenses 2021: $765,465Net Income 2021: -$17,8322021Revenue 2022: $864,482Expenses 2022: $823,843Net Income 2022: $40,6392022Revenue 2023: $930,580Expenses 2023: $763,246Net Income 2023: $167,3342023Revenue 2024: $650,221Expenses 2024: $653,144Net Income 2024: -$2,9232024Revenue 2025: $519,574Expenses 2025: $594,036Net Income 2025: -$74,4622025

Highlighted filing

2022

Revenue$864,482
Expenses$823,843
Net Income$40,639
Jump To
Filing Snapshot
Filing Period
Apr 1, 2021 to Mar 31, 2022
Signed
Feb 15, 2023
Return Version
2021v4.2
Gross Receipts
$864,482
Mission and Program Overview

Mission

The economic opportunity foundation is a non-for-profit community action agency whose mission is to mobilize necessary resources to address the causes and conditions of poverty in wyandotte county to assist low-income residents in moving towards self-sufficiency.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$203,761$201,406▼ $2,355
Land, Buildings, and Equipment, Net$19,274$4,837▼ $14,437
Prepaid Expenses and Deferred Charges$6,368$2,130▼ $4,238
Total Assets$229,403$208,373▼ $21,030
Liabilities
Deferred Revenue$172,067$107,102▼ $64,965
Accounts Payable and Accrued Expenses$9,600$12,486▲ $2,886
Total Liabilities$181,667$119,588▼ $62,079
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$47,736$88,785▲ $41,049
Total Net Assets Fund Balance$47,736$88,785▲ $41,049
Total Liabilities and Net Assets / Fund Balance$229,403$208,373▼ $21,030

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$61,152$61,152
Buildings$4,837$47,501$52,338
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rita D AdamsExecutive DirectorFT$76,348$76,348

Board Members and Trustees

NameTitle
Richard MabionBoard President
Ondra PennBoard Secretary
Scott MackeyBoard Treasurer
Henry Hank ChamberlainTrustee
Marvin RobinsonTrustee
Senator David HayleyTrustee
Yvonne BrownTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$802,056
Program Service Revenue
$15,500
Investment Income
$42,560
Other Revenue
$4,366
All Other Contributions
$802,056
Change in Net Assets
$40,639
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$377,868
Salaries, Compensation, and Employee Benefits$288,298
Other Expenses$157,677
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$377,868--$377,868
Other Salaries and Wages-$191,223-$191,223
Current Officers, Directors, Trustees, and Key Employees-$77,126-$77,126
Insurance-$33,717-$33,717
Office Expenses-$31,517-$31,517
Travel-$21,298-$21,298
Payroll Taxes-$19,949-$19,949
Information Technology-$10,220-$10,220
Occupancy-$6,025-$6,025
Depreciation Depletion-$4,430-$4,430
Fees for Services Other-$1,250-$1,250
Other Expenses-$460-$460
Interest-$66-$66
Total Functional Expenses$377,868$445,975$0$823,843
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 is distributed to the board of trustees at its regularly scheduled meeting prior to the submission date. The board president reviews and signs the form and required schedules to ensure accuracy and timely submission.

Form 990, Part VI, Section B, Line 12C

Article iii, section of economic opportunity foundation's bylaws outline a basic conflict of interest policy that applies to members of the board of trustees. Trustees abstain from participating in board action whenever a potential conflict arises. The ad hoc recusals are reflected in board and committee minutes as appropriate.

Form 990, Part VI, Section B, Line 15

All economic opportunity foundation staff are reviewed annually to assess performance towards work duties and established goals. The executive director is responsible for the employee reviews and the board of trustees is responsible for the executive director review. Performance evaluations are maintained in the employee personnel file. Additionally, a wage comparability study has been completed by eof staff and hr wage/benefits consultants. This study along with the annual performance evaluations are used by executive director (for employees)and the board of trustees (for the executive director) are used to recommend employee salaries. All employee salaries are formally approved by the board of trustees each year at a board meeting.

Form 990, Part VI, Section C, Line 19

All information is available upon request of the organization, and a limited number of documents are available as free file downloads from the organization's website - www.eofkck.org

Filing and Contact Details

Filer

Filer Name
Economic Opportunity Foundation Inc
EIN
48-6120518
Phone
9133717800
Address
950 QUINDARO BLVD, KANSAS CITY, KS 66109

Signing Officer

Name
Rita D Adams
Title
Executive Director
Phone
9133717800
Signed
2023-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rita D Adams
Formed
1965
Legal Domicile
Ks
Voting Board Members
8
Independent Board Members
8
Employees
9
Volunteers
11

Preparer

Firm
Marr and Company Pc
Address
1401 EAST 104TH STREET SUITE 100, KANSAS CITY, MO 64131
Preparer
Jason D Louk
Phone
8163638700
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0747633
IRS990/QuidProQuoContributionsInd00
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IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
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IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt061152
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS DISTRIBUTED TO THE BOARD OF TRUSTEES AT ITS REGULARLY SCHEDULED MEETING PRIOR TO THE SUBMISSION DATE. THE BOARD PRESIDENT REVIEWS AND SIGNS THE FORM AND REQUIRED SCHEDULES TO ENSURE ACCURACY AND TIMELY SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ARTICLE III, SECTION OF ECONOMIC OPPORTUNITY FOUNDATION'S BYLAWS OUTLINE A BASIC CONFLICT OF INTEREST POLICY THAT APPLIES TO MEMBERS OF THE BOARD OF TRUSTEES. TRUSTEES ABSTAIN FROM PARTICIPATING IN BOARD ACTION WHENEVER A POTENTIAL CONFLICT ARISES. THE AD HOC RECUSALS ARE REFLECTED IN BOARD AND COMMITTEE MINUTES AS APPROPRIATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL ECONOMIC OPPORTUNITY FOUNDATION STAFF ARE REVIEWED ANNUALLY TO ASSESS PERFORMANCE TOWARDS WORK DUTIES AND ESTABLISHED GOALS. THE EXECUTIVE DIRECTOR IS RESPONSIBLE FOR THE EMPLOYEE REVIEWS AND THE BOARD OF TRUSTEES IS RESPONSIBLE FOR THE EXECUTIVE DIRECTOR REVIEW. PERFORMANCE EVALUATIONS ARE MAINTAINED IN THE EMPLOYEE PERSONNEL FILE. ADDITIONALLY, A WAGE COMPARABILITY STUDY HAS BEEN COMPLETED BY EOF STAFF AND HR WAGE/BENEFITS CONSULTANTS. THIS STUDY ALONG WITH THE ANNUAL PERFORMANCE EVALUATIONS ARE USED BY EXECUTIVE DIRECTOR (FOR EMPLOYEES)AND THE BOARD OF TRUSTEES (FOR THE EXECUTIVE DIRECTOR) ARE USED TO RECOMMEND EMPLOYEE SALARIES. ALL EMPLOYEE SALARIES ARE FORMALLY APPROVED BY THE BOARD OF TRUSTEES EACH YEAR AT A BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL INFORMATION IS AVAILABLE UPON REQUEST OF THE ORGANIZATION, AND A LIMITED NUMBER OF DOCUMENTS ARE AVAILABLE AS FREE FILE DOWNLOADS FROM THE ORGANIZATION'S WEBSITE - WWW.EOFKCK.ORG
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToExcsTaxNetInvstIncInd00
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0377868
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IRS990/TotalProgramServiceExpensesAmt0377868
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IRS990/TotalRevenueGrp/ExclusionAmt046926
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt015500
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0864482
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/WebsiteAddressTxt0WWW.EOFKCK.ORG
IRS990/WhistleblowerPolicyInd01
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-03-07 01:45:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RITA D ADAMS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARR AND COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01401 EAST 104TH STREET SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0KANSAS CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd064131
ReturnHeader/PreparerPersonGrp/PhoneNum08163638700
ReturnHeader/PreparerPersonGrp/PreparationDt02023-02-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JASON D LOUK
ReturnHeader/ReturnTs02023-02-18T10:09:48-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RITA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ADAMS
ReturnHeader/TaxPeriodBeginDt02021-04-01
ReturnHeader/TaxPeriodEndDt02022-03-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.32$0.14$0.18$0.52$0.59$0.07
2024Detailed filing. Detailed filing data is available for this year.$0.35$0.10$0.25$0.65$0.65$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.37$0.11$0.26$0.93$0.76$0.17
2022Detailed filing. Detailed filing data is available for this year.$0.21$0.12$0.09$0.86$0.82$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.23$0.18$0.05$0.75$0.77$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.14$0.07$0.07$0.53$0.53$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.14$0.07$0.07$0.48$0.47$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.08$0.02$0.06$0.44$0.44$0.01
2017Summary only. Only limited summary data is available for this year.$0.13$0.07$0.07$0.51$0.50$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.10$0.04$0.06$0.45$0.46$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.14$0.07$0.07$0.44$0.48$0.04
2014Summary only. Only limited summary data is available for this year.$0.14$0.03$0.11$2.76$2.82$0.07
2013Summary only. Only limited summary data is available for this year.$0.81$0.31$0.50$6.71$6.74$0.02
2012Summary only. Only limited summary data is available for this year.$0.83$0.31$0.52$6.66$6.58$0.08