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Nonprofiteer
← CHAMPLAIN VALLEY OFFICE OF ECONOMIC OPPORTUNITY INC

Form 990 for tax year 2022

Filed by CHAMPLAIN VALLEY OFFICE OF ECONOMIC OPPORTUNITY INC.

Totals

Total revenue
$29,030,321
Total expenses
$28,602,198
Contributions and grants received
$28,481,193
Grants paid
$9,362,323
Program service revenue
$405,654
Investment income
$140,529
Other revenue
$2,945
Total assets, end of year
$13,497,011
Total liabilities, end of year
$4,779,849
Net assets or fund balances, end of year
$8,717,162
Program services expenses (Part IX)
$25,753,072
Management and general expenses
$2,624,325
Fundraising expenses
$224,801
Program service expenses (Part III)
$25,753,072

Program services were 90.0% 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.

  • 1a · Federated campaigns

    $202,769

  • 1c · Fundraising events

    $41,225

  • 1e · Government grants (contributions)

    $24,846,237

  • 1f · All other contributions, gifts and grants

    $3,390,962

  • 1g · Noncash contributions included above

    $3,178,805

  • 2a · Program service revenue: FEES

    total $405,654 · related or exempt $405,654

  • 3 · Investment income

    total $140,470 · excluded $140,470

  • 7a · Gross sales of assets other than inventory

    securities $6,994

  • 7b · Less cost or other basis and sales expenses

    securities $6,935

  • 7c · Gain or loss

    securities $59

  • 7d · Net gain or loss

    total $59 · excluded $59

  • 8a · Fundraising events: gross income

    $21,551

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

    $41,225

  • 8b · Fundraising events: direct expenses

    $18,606

  • 8c · Net income from fundraising events

    total $2,945 · excluded $2,945

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $487,396 · program services $487,396

  • 2 · Grants to domestic individuals

    total $8,874,927 · program services $8,874,927

  • 5 · Compensation of officers, directors and key employees

    total $311,730 · program services $7,793 · management and general $303,937

  • 7 · Other salaries and wages

    total $11,209,636 · program services $9,738,682 · management and general $1,343,793 · fundraising $127,161

  • 8 · Pension plan contributions

    total $512,325 · program services $441,433 · management and general $67,408 · fundraising $3,484

  • 9 · Other employee benefits

    total $2,431,339 · program services $2,187,272 · management and general $206,848 · fundraising $37,219

  • 10 · Payroll taxes

    total $900,234 · program services $785,667 · management and general $102,116 · fundraising $12,451

  • 11b · Fees: legal

    total $12,383 · program services $5,838 · management and general $6,545

  • 11c · Fees: accounting

    total $42,245 · management and general $42,245

  • 11g · Fees: other

    total $450,415 · program services $253,944 · management and general $195,433 · fundraising $1,038

  • 12 · Advertising and promotion

    total $122,454 · program services $86,652 · management and general $22,433 · fundraising $13,369

  • 16 · Occupancy

    total $1,258,707 · program services $1,181,230 · management and general $70,994 · fundraising $6,483

  • 17 · Travel

    total $74,754 · program services $70,155 · management and general $4,599

  • 22 · Depreciation, depletion and amortization

    total $299,669 · program services $298,579 · management and general $1,090

  • 23 · Insurance

    total $133,079 · program services $116,403 · management and general $16,389 · fundraising $287

  • 24a · Other expenses: EQUIPMENT / MAINT/ SVC

    total $519,012 · program services $377,046 · management and general $141,966

  • 24b · Other expenses: TRAINING

    total $242,109 · program services $200,714 · management and general $41,395

  • 24c · Other expenses: SUPPLIES

    total $194,137 · program services $150,547 · management and general $33,495 · fundraising $10,095

  • 24d · Other expenses: PROGRAM SUPPLIES

    total $190,694 · program services $190,694

  • 24e · All other expenses

    total $334,953 · program services $298,100 · management and general $23,639 · fundraising $13,214

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,395,712 · end of year $2,919,493

  • 2 · Savings and temporary cash investments

    beginning of year $692,554 · end of year $673,392

  • 3 · Pledges and grants receivable

    beginning of year $1,299,958 · end of year $2,535,877

  • 4 · Accounts receivable

    beginning of year $135,975 · end of year $132,988

  • 8 · Inventories for sale or use

    beginning of year $596,138 · end of year $558,255

  • 9 · Prepaid expenses and deferred charges

    beginning of year $296,651 · end of year $265,170

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

    $3,534,789

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

    $2,485,458

  • 10c · Land, buildings and equipment, net

    beginning of year $1,019,396 · end of year $1,049,331

  • 11 · Investments: publicly traded securities

    beginning of year $2,926,337 · end of year $3,121,127

  • 15 · Other assets

    beginning of year $2,500 · end of year $2,241,378

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,390,677 · end of year $1,709,292

  • 19 · Deferred revenue

    beginning of year $778,041 · end of year $823,513

  • 23 · Secured mortgages and notes payable

    beginning of year $10,166 · end of year $8,166

  • 25 · Other liabilities

    beginning of year $0 · end of year $2,238,878

  • 27 · Net assets without donor restrictions

    beginning of year $2,788,423 · end of year $3,149,872

  • 28 · Net assets with donor restrictions

    beginning of year $5,397,914 · end of year $5,567,290

Mission and programs · 2022

Mission

SEE SCHEDULE O

Activities or mission (Part I)

CVOEO ADDRESSES FUNDAMENTAL ISSUES OF ECONOMIC, SOCIAL, AND RACIAL JUSTICE AND WORKS WITH PEOPLE TO ACHIEVE ECONOMIC INDEPENDENCE.

  • CVOEO PROVIDED A WIDE VARIETY OF VITAL SERVICES TO OVER 21,000 PEOPLE AND WELL OVER 11,000 FAMILIES DURING THE YEAR. ADDITIONALLY, THOUSANDS OF VOLUNTEER HOURS WERE DONATED TO CVOEO PROGRAMS AND AGENCY PROGRAMS ENGAGED IN OVER 500 PARTNERSHIPS WITH OUTSIDE ENTITIES (BUSINESSES, NON-PROFITS, FAITH-BASED ORGANIZATIONS, SCHOOL DISTRICTS, POST-SECONDARY INSTITUTIONS, ETC.). THREE COMMUNITY ACTION OFFICES IN MIDDLEBURY, BURLINGTON AND ST. ALBANS PROVIDED CRISIS INTERVENTION IN SEVERAL AREAS INCLUDING CRISIS FUEL, WARMTH SUPPORT, HOUSING FINANCIAL ASSISTANCE, HOUSING SERVICES COORDINATION, FOOD ASSISTANCE AND TAX ASSISTANCE. NORTHWEST FAMILY FOODS SERVED 2,914 INDIVIDUALS AND 1,438 HOUSEHOLDS AND DISTRIBUTED 295,622 POUNDS OF FOOD. AT THE ADDISON COUNTY FOOD SHELF, WE SERVED 1,047 INDIVIDUALS AND 499 HOUSEHOLDS PROVIDING 15,675 POUNDS OF FOOD. AT FEEDING CHITTENDEN, WE SERVED 8,137 INDIVIDUALS, 4,310 HOUSEHOLDS AND DISTRIBUTED 2,000,000 POUNDS OF FOOD WHILE SERVING 25,237 MEALS AT THE COMMUNITY RESOURCE CENTER.

    Expenses $7,115,513 · Grants $3,242,050

  • THERE WERE 242 CHILDREN IN OUR HEAD START PROGRAM AND 186 CHILDREN IN OUR EARLY HEAD START PROGRAM FOR A TOTAL OF 524 FAMILIES IN HEAD START. THERE WERE 1,390 HOME VISITS TO 155 HOUSEHOLDS. EIGHTY PERCENT (80%) OF OUR 4-YEAR-OLD PRESCHOOLERS WERE MEETING OR EXCEEDINGLY WIDELY HELD EXPECTATIONS TIED TO KINDERGARTEN READINESS IN THE DOMAINS OF SOCIAL EMOTIONAL DEVELOPMENT, LITERACY, AND MATH.

    Expenses $7,585,073 · Grants $275,619 · Revenue $1,500

  • THE CHAMPLAIN VALLEY WEATHERIZATION SERVICE (CVWS) PERFORMED COMPREHENSIVE ENERGY EFFICIENCY WORK INCLUDING INSULATION, AIR SEALING, AND FURNACE REPAIR WHILE ALSO REDUCING LEAD, RADON, CARBON DIOXIDE AND FIRE HAZARDS AND ELECTRICAL ISSUES. ONE HUNDRED AND TWENTY-SEVEN HOUSEHOLDS WERE WEATHERIZED, AND 215.81 GALLONS OF OIL WERE SAVED PER HOUSEHOLD ON AVERAGE. WEATHERIZATION ALSO REPAIRED AND REPLACED DOZENS OF FURNACES AND REMOVED VERMICULITE FROM OVER 10 HOMES. THROUGH THE ONE TOUCH PROGRAM OUR TEAMS REFERRED PEOPLE TO OTHER COMMUNITY RESOURCES AND CVOEO PROGRAMS.

    Expenses $5,037,610 · Grants $1,983,142 · Revenue $394,690

  • Expenses $6,014,876 · Grants $3,861,512 · Revenue $9,464

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

Listed in Part VII

  • Cody Fiala

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Madigan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jon Crystal

    BOARD VP/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Wendy Bova

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Anne Rosenblum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Brian Cina

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Aden Haji

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Colleen Noni

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Nakuma Palcczewski

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Andrea Treadway

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Paul Dragon

    EXECUTIVE DIRECTOR

    Total calculated
    $149,609
    From this org
    $121,693
    From related orgs
    $0
    Other
    $27,916
    Hours/week
    50

  • Matt D'Agostino

    FISCAL DIRECTOR

    Total calculated
    $101,299
    From this org
    $74,333
    From related orgs
    $0
    Other
    $26,966
    Hours/week
    50

  • Carol Paul

    DEPUTY PROGRAM DIRECTOR

    Total calculated
    $130,256
    From this org
    $102,340
    From related orgs
    $0
    Other
    $27,916
    Hours/week
    40

  • Sandra Graves

    HEAD START PROGRAM DIRECTOR

    Total calculated
    $117,286
    From this org
    $106,103
    From related orgs
    $0
    Other
    $11,183
    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

Provenance

Return type
form_990
Tax year
2022
Filed
4 March 2024
IRS schema version
2022v5.0
Source object
202421159349300832

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