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← ECONOMIC OPPORTUNITY INSTITUTE

Form 990 for tax year 2023

Filed by ECONOMIC OPPORTUNITY INSTITUTE.

Totals

Total revenue
$1,665,730
Total expenses
$1,415,100
Contributions and grants received
$478,165
Grants paid
$0
Program service revenue
$0
Investment income
$1,186,562
Other revenue
$1,003
Total assets, end of year
$11,901,535
Total liabilities, end of year
$656,787
Net assets or fund balances, end of year
$11,244,748
Program services expenses (Part IX)
$870,987
Management and general expenses
$239,819
Fundraising expenses
$304,294
Program service expenses (Part III)
$870,987

Program services were 61.5% 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.

  • 1f · All other contributions, gifts and grants

    $478,165

  • 3 · Investment income

    total $1,186,562 · unrelated business $0 · excluded $1,186,562

  • 8a · Fundraising events: gross income

    $51,667

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

    $106,516

  • 8b · Fundraising events: direct expenses

    $50,664

  • 8c · Net income from fundraising events

    total $1,003 · unrelated business $0 · excluded $1,003

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $247,067 · program services $151,950 · management and general $39,104 · fundraising $56,013

  • 7 · Other salaries and wages

    total $643,888 · program services $396,001 · management and general $101,910 · fundraising $145,977

  • 8 · Pension plan contributions

    total $76,510 · program services $47,055 · management and general $12,109 · fundraising $17,346

  • 9 · Other employee benefits

    total $64,968 · program services $39,956 · management and general $10,283 · fundraising $14,729

  • 10 · Payroll taxes

    total $90,862 · program services $55,881 · management and general $14,381 · fundraising $20,600

  • 11g · Fees: other

    total $128,776 · program services $82,613 · management and general $21,954 · fundraising $24,209

  • 12 · Advertising and promotion

    total $13,151 · program services $11,317 · management and general $783 · fundraising $1,051

  • 14 · Information technology

    total $27,600 · program services $16,938 · management and general $4,551 · fundraising $6,111

  • 16 · Occupancy

    total $33,304 · program services $20,438 · management and general $5,491 · fundraising $7,375

  • 17 · Travel

    total $14,391 · program services $14,042 · management and general $270 · fundraising $79

  • 19 · Conferences, conventions and meetings

    total $11,212 · program services $8,348 · management and general $1,488 · fundraising $1,376

  • 23 · Insurance

    total $6,419 · program services $0 · management and general $6,419 · fundraising $0

  • 24a · Other expenses: Printing

    total $5,417 · program services $3,390 · management and general $865 · fundraising $1,162

  • 24e · All other expenses

    total $51,535 · program services $23,058 · management and general $20,211 · fundraising $8,266

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,400,963 · end of year $509,106

  • 2 · Savings and temporary cash investments

    end of year $786,554

  • 3 · Pledges and grants receivable

    beginning of year $351,000 · end of year $3,307

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,521 · end of year $241,236

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

    $151,446

  • 10b · Land, buildings and equipment: accumulated depreciation

    $88,000

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $63,446

  • 11 · Investments: publicly traded securities

    beginning of year $9,633,910 · end of year $10,297,886

  • 17 · Accounts payable and accrued expenses

    beginning of year $155,176 · end of year $231,540

  • 25 · Other liabilities

    beginning of year $0 · end of year $425,247

  • 27 · Net assets without donor restrictions

    beginning of year $963,859 · end of year $601,798

  • 28 · Net assets with donor restrictions

    beginning of year $10,278,359 · end of year $10,642,950

Mission and programs · 2023

Mission

Equip the public and public decision-makers with the policy research and practical tools they need to embed the values of fairness, care, and opportunity into the foundations of Washingtons economy.

Activities or mission (Part I)

EOI works to make Washington state a national model of economic opportunity with an economy that truly works for everyone.

  • Public policy research and advocacy designed to promote fairness -- e.g., level the economic playing field, so all people and communities in Washington can thrive.

    Expenses $354,284

  • Public policy research and advocacy designed to promote care -- e.g., give Washingtonians what they need to care for themselves and those they love through all the uncertainties of life.

    Expenses $328,924

  • Public policy research and advocacy designed to promote opportunity - - e.g., embed a framework of systemic security into the foundations of Washingtons economy, so every resident can pursue individual opportunity in their own way.

    Expenses $187,779

  • Public policy research and advocacy designed to promote opportunity -- e.g., embed security into the foundations of Washingtons economy so every Washingtonian can pursue individual opportunity in their own way within a framework of systemic security.

As filed on the 2023 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

  • 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

  • Rian Watt

    Executive Director (April-Jun)

    Total calculated
    $21,725
    From this org
    $21,725
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Aaron Keating

    Managing Director

    Total calculated
    $134,543
    From this org
    $122,312
    From related orgs
    $0
    Other
    $12,231
    Hours/week
    40

  • Gabriela Quintana

    Senior Policy Associate

    Total calculated
    $127,560
    From this org
    $115,964
    From related orgs
    $0
    Other
    $11,596
    Hours/week
    40

  • Traci Underwood

    Policy Director

    Total calculated
    $137,231
    From this org
    $124,756
    From related orgs
    $0
    Other
    $12,475
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
20 February 2025
IRS schema version
2023v6.0
Source object
202541019349301559

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