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Nonprofiteer
← ECONOMIC OPPORTUNITY INSTITUTE

Form 990 for tax year 2022

Filed by ECONOMIC OPPORTUNITY INSTITUTE.

Totals

Total revenue
$2,381,313
Total expenses
$1,611,273
Contributions and grants received
$1,147,244
Grants paid
$0
Program service revenue
$0
Investment income
$1,270,042
Other revenue
-$35,973
Total assets, end of year
$11,397,394
Total liabilities, end of year
$155,176
Net assets or fund balances, end of year
$11,242,218
Program services expenses (Part IX)
$1,008,464
Management and general expenses
$249,534
Fundraising expenses
$353,275
Program service expenses (Part III)
$1,008,464

Program services were 62.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $151,175

  • 1f · All other contributions, gifts and grants

    $996,069

  • 3 · Investment income

    total $1,270,042 · unrelated business $0 · excluded $1,270,042

  • 8a · Fundraising events: gross income

    $7,471

  • 8a · Fundraising events: contributions included on line 1c

    $151,175

  • 8b · Fundraising events: direct expenses

    $43,444

  • 8c · Net income from fundraising events

    total -$35,973 · unrelated business $0 · excluded -$35,973

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $505,405 · program services $328,457 · management and general $66,701 · fundraising $110,247

  • 7 · Other salaries and wages

    total $606,641 · program services $394,248 · management and general $80,062 · fundraising $132,331

  • 8 · Pension plan contributions

    total $83,619 · program services $54,343 · management and general $11,036 · fundraising $18,240

  • 9 · Other employee benefits

    total $85,675 · program services $55,679 · management and general $11,307 · fundraising $18,689

  • 11f · Fees: investment management

    total $49,482 · program services $0 · management and general $0 · fundraising $49,482

  • 11g · Fees: other

    total $127,418 · program services $91,696 · management and general $33,722 · fundraising $2,000

  • 14 · Information technology

    total $20,071 · program services $13,044 · management and general $2,649 · fundraising $4,378

  • 16 · Occupancy

    total $55,420 · program services $36,017 · management and general $7,314 · fundraising $12,089

  • 17 · Travel

    total $6,397 · program services $5,531 · management and general $535 · fundraising $331

  • 19 · Conferences, conventions and meetings

    total $5,494 · program services $3,577 · management and general $676 · fundraising $1,241

  • 23 · Insurance

    total $6,103 · program services $0 · management and general $6,103 · fundraising $0

  • 24a · Other expenses: Supplies

    total $938 · program services $389 · management and general $259 · fundraising $290

  • 24b · Other expenses: Printing

    total $10,938 · program services $741 · management and general $9,456 · fundraising $741

  • 24e · All other expenses

    total $47,672 · program services $24,742 · management and general $19,714 · fundraising $3,216

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,107,092 · end of year $1,400,963

  • 3 · Pledges and grants receivable

    beginning of year $575,000 · end of year $351,000

  • 9 · Prepaid expenses and deferred charges

    end of year $11,521

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $6,950,529 · end of year $9,633,910

  • 17 · Accounts payable and accrued expenses

    beginning of year $160,435 · end of year $155,176

  • 27 · Net assets without donor restrictions

    beginning of year $247,949 · end of year $963,859

  • 28 · Net assets with donor restrictions

    beginning of year $10,224,237 · end of year $10,278,359

Mission and programs · 2022

Mission

EOI's mission is to build an economy that works for everyone by promoting educational opportunity, good jobs, healthy families and workplaces, and a dignified retirement for all.

  • Publication of research related to the benefits of early childhood education and care for children, workers, businesses, and communities; dissemination of said research via public forums, media outreach, and other venues; advocacy for said policies in local and state legislative bodies.

    Expenses $68,315

  • Publication of research related to the benefits of health policy reform for workers, businesses and communities; dissemination of said research via public forums, media outreach, and other venues; advocacy for said policies in local and state legislative bodies.

    Expenses $105,828

  • Publication of research related to benefits of tax policy reform for workers, businesses, and communities; dissemination of said research via public forums, media outreach, and other venues; advocacy for said policies in local and state legislative bodies.

    Expenses $184,270

  • Child care, retirement security, economic security, minimum wage, social security, higher education, paid sick leave, state economy: Publication of research related to the benefits of stated policies for workers, businesses and communities; dissemination of said research through public forums, media outreach, and other venues; advocacy for said policies in local and state legislative bodies.

    Expenses $650,051

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Tamayo

    President

    Total calculated
    $0
    Hours/week
    2

  • Mary Curry

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Stan Sorscher

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Andrew Gordon

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Dawn Trudeau

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Matt Loschen

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • April Berg

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Joe Kendo

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Lindquist

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Tammy Morales

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Shemona Moreno

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Katharine Weiss

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Aaron Keating

    Interim Co-Executive Director

    Total calculated
    $137,043
    From this org
    $107,641
    From related orgs
    $0
    Other
    $29,402
    Hours/week
    40

  • Gabriela Quintana

    Senior Policy Associate

    Total calculated
    $117,497
    From this org
    $106,861
    From related orgs
    $0
    Other
    $10,636
    Hours/week
    40

  • Summer Stinson

    Former Executive Director

    Total calculated
    $232,687
    From this org
    $211,246
    From related orgs
    $0
    Other
    $21,441
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,902
    Bonus
    $0
    Other
    $78,344
    Deferred
    $13,389
    Nontaxable benefits
    $8,052
    Filer's total
    $232,687

  • Traci Underwood

    Interim Co-Executive Director

    Total calculated
    $79,657
    From this org
    $79,657
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Pt I Line 4a
Severance Payment of $78,344

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
24 January 2024
IRS schema version
2022v5.0
Source object
202421319349303947

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