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Nonprofiteer
← MAUI ECONOMIC OPPORTUNITY INC

Form 990 for tax year 2022

Filed by MAUI ECONOMIC OPPORTUNITY INC.

Totals

Total revenue
$21,189,316
Total expenses
$21,961,158
Contributions and grants received
$20,914,821
Grants paid
$4,921,892
Program service revenue
$163,169
Investment income
-$10,628
Other revenue
$121,954
Total assets, end of year
$30,418,696
Total liabilities, end of year
$3,910,290
Net assets or fund balances, end of year
$26,508,406
Program services expenses (Part IX)
$19,944,927
Management and general expenses
$2,016,231
Fundraising expenses
$0
Program service expenses (Part III)
$19,944,927

Program services were 90.8% 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

    $1,242

  • 1c · Fundraising events

    $38,223

  • 1e · Government grants (contributions)

    $20,286,129

  • 1f · All other contributions, gifts and grants

    $589,227

  • 2a · Program service revenue: PROGRAM INCOME

    total $159,654 · related or exempt $159,654

  • 2b · Program service revenue: TRANSPORTATION

    total $2,226 · related or exempt $2,226

  • 2c · Program service revenue: LOAN FEES

    total $1,289 · related or exempt $1,289

  • 3 · Investment income

    total $64,104 · excluded $64,104

  • 6a · Gross rents

    real property $79,093

  • 6b · Less rental expenses

    real property $55,482

  • 6c · Rental income or loss

    real property $23,611

  • 6d · Net rental income or loss

    total $23,611 · unrelated business $1,412 · excluded $22,199

  • 7a · Gross sales of assets other than inventory

    securities $348,857

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

    securities $353,754 · other assets $69,835

  • 7c · Gain or loss

    securities -$4,897 · other assets -$69,835

  • 7d · Net gain or loss

    total -$74,732 · excluded -$74,732

  • 8a · Fundraising events: gross income

    $98,287

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

    $38,223

  • 8b · Fundraising events: direct expenses

    $28,334

  • 8c · Net income from fundraising events

    total $69,953 · excluded $69,953

  • 11a · Other revenue: OTHER

    total $28,390 · related or exempt $28,390

  • 11e · Other revenue, total

    $28,390

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $4,921,892 · program services $4,921,892

  • 5 · Compensation of officers, directors and key employees

    total $462,984 · program services $398,809 · management and general $64,175

  • 7 · Other salaries and wages

    total $8,859,361 · program services $7,635,575 · management and general $1,223,786

  • 8 · Pension plan contributions

    total $237,296 · program services $204,470 · management and general $32,826

  • 9 · Other employee benefits

    total $1,449,935 · program services $1,249,555 · management and general $200,380

  • 10 · Payroll taxes

    total $737,662 · program services $635,646 · management and general $102,016

  • 11b · Fees: legal

    total $31,252 · management and general $31,252

  • 11c · Fees: accounting

    total $47,980 · management and general $47,980

  • 11d · Fees: lobbying

    total $31,250 · management and general $31,250

  • 11f · Fees: investment management

    total $11,186 · management and general $11,186

  • 11g · Fees: other

    total $306,111 · program services $302,076 · management and general $4,035

  • 13 · Office expenses

    total $601,160 · program services $544,103 · management and general $57,057

  • 16 · Occupancy

    total $570,350 · program services $532,660 · management and general $37,690

  • 17 · Travel

    total $105,747 · program services $91,261 · management and general $14,486

  • 20 · Interest

    total $4,982 · program services $4,982

  • 22 · Depreciation, depletion and amortization

    total $1,266,448 · program services $1,252,504 · management and general $13,944

  • 23 · Insurance

    total $697,160 · program services $662,908 · management and general $34,252

  • 24a · Other expenses: GAS AND OIL

    total $738,724 · program services $738,724

  • 24b · Other expenses: REPAIR AND MAINTENANCE

    total $701,959 · program services $688,285 · management and general $13,674

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $95,872 · program services $3,273 · management and general $92,599 · fundraising $0

  • 24d · Other expenses: TRAINING

    total $81,847 · program services $78,204 · management and general $3,643

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,635,623 · end of year $2,491,898

  • 2 · Savings and temporary cash investments

    beginning of year $1,077,506 · end of year $2,023,326

  • 3 · Pledges and grants receivable

    beginning of year $1,311,980 · end of year $1,658,813

  • 4 · Accounts receivable

    beginning of year $98,950 · end of year $95,158

  • 7 · Other notes and loans receivable

    beginning of year $69,236 · end of year $70,330

  • 9 · Prepaid expenses and deferred charges

    beginning of year $266,953 · end of year $448,078

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

    $36,517,212

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

    $14,814,910

  • 10c · Land, buildings and equipment, net

    beginning of year $22,551,358 · end of year $21,702,302

  • 11 · Investments: publicly traded securities

    beginning of year $1,372,797 · end of year $1,540,895

  • 15 · Other assets

    beginning of year $3,092 · end of year $387,896

  • 17 · Accounts payable and accrued expenses

    beginning of year $986,941 · end of year $963,688

  • 18 · Grants payable

    beginning of year $2,117,742 · end of year $2,418,950

  • 19 · Deferred revenue

    beginning of year $24,690 · end of year $26,249

  • 23 · Secured mortgages and notes payable

    beginning of year $113,300 · end of year $113,300

  • 25 · Other liabilities

    beginning of year $0 · end of year $388,103

  • 27 · Net assets without donor restrictions

    beginning of year $15,484,251 · end of year $14,928,039

  • 28 · Net assets with donor restrictions

    beginning of year $11,660,571 · end of year $11,580,367

Mission and programs · 2022

Mission

MAUI ECONOMIC OPPORTUNITY, INC (MEO) IS A PRIVATE, NON-PROFIT COMMUNITY ACTION AGENCY, CHARTERED ON MARCH 22, 1965 BY FEDERAL MANDATE UNDER PROVISIONS OF THE ECONOMIC OPPORTUNITY ACT OF 1964. THE AGENCY PROVIDES A COMPREHENSIVE SCOPE OF SERVICES TO THOSE IN NEED THROUGHOUT MAUI COUNTY AND ACROSS THE STATE OF HAWAII. THE MISSION OF MEO IS TO STRENGTHEN THE COMMUNITY WHILE HELPING PEOPLE IN NEED RESTORE THEIR HOPE, REACH THEIR POTENTIAL AND ENRICH THEIR LIVES.

Activities or mission (Part I)

SEE SCHEDULE O FOR ORGANIZATION MISSION STATEMENT CONTINUATION.

  • TRANSPORTATION SERVICES PROGRAM: PROVIDE TRANSPORTATION TO ELIMINATE BARRIERS AND PROMOTE SELF-SUFFICIENCY. INCREASE THE AVAILABILITY AND AFFORDABILITY OF OPPORTUNITIES FOR LOW-INCOME, PERSONS WITH SPECIAL NEEDS, SENIORS AND YOUTH THROUGH SOCIAL SERVICES TRANSPORTATION. APPROXIMATELY 5,774 PASSENGERS IN THE TARGET POPULATION (SENIORS, PERSONS WITH DISABILITIES, LOW INCOME INDIVIDUALS, CHILDREN AND YOUTH) TOOK TRIPS TO AND FROM NUTRITION SITES, SENIOR PROGRAMS, DAY HEALTH, DIALYSIS, AND AFTER SCHOOL PROGRAMS AND ACTIVITIES. THE NUMBER OF PASSENGERS' BOARDING INCLUDING ADA PARATRANSIT SERVICE TOTALED APPROXIMATELY 270,555.

    Expenses $9,844,521 · Grants $9,587 · Revenue $2,226

  • MEO BUSINESS DEVELOPMENT CENTER (MEO BDC) OFFERS BUSINESS PLANNING CLASSES AND CONSULTATION, FINANCIAL LITERACY, AND MICROLOANS FOR SMALL BUSINESS STARTUP OPERATIONS OR EXPANSION, AND AGRICULTURAL MICRO GRANTS FOR LOCAL OPERATING FARMS ON MAUI, MOLOKAI AND LANAI TO INCREASE THE FARM'S CAPACITY, PRODUCTIVITY, NAME RECOGNITION AND INCOME. 118 FARMS RECEIVED MICRO GRANT ASSISTANCE DURING THE THIRD YEAR OF THE FUNDING.THE MEO BDC BUSINESS PLANNING OR CORE FOUR COURSE ASSISTED 131 BUSINESSES IN THE DEVELOPMENT OF A REALISTIC, ACHIEVABLE BUSINESS PLAN. THE FIVE-WEEK PROGRAM IS OFFERED THROUGHOUT THE YEAR ON MAUI, MOLOKAI, AND LANAI. 158 INDIVIDUALS ATTENDED FINANCIAL LITERACY CLASSES THAT FOCUSED ON INCREASING FINANCIAL HEALTH, INCLUDING SAVING, BUDGETING, LENDING AND INVESTMENT INFORMATION.

    Expenses $3,370,401 · Grants $2,998,916 · Revenue $1,289

  • EARLY CHILDHOOD SERVICES INCLUDES THE FEDERALLY FUNDED MEO HEAD START PRESCHOOL PROGRAM THAT PROVIDED COMPREHENSIVE SERVICES TO INCOME ELIGIBLE FAMILIES AND PROMOTES SCHOOL READINESS FOR CHILDREN AGES THREE TO FIVE YEARS OLD. COMPREHENSIVE SERVICES ARE PROVIDED TO ENROLLED CHILDREN AND THEIR FAMILIES, WHICH INCLUDE HEALTH, NUTRITION, SOCIAL, AND OTHER SERVICES DETERMINED TO BE NECESSARY BY THE FAMILY NEEDS ASSESSMENT. A TOTAL OF 161 CHILDREN AND 161 FAMILIES WERE SERVED BY THE PROGRAM DURING THE 2022-23 PROGRAM YEAR. EXTENDED DAY SERVICES AND SUMMER PROGRAM WERE PROVIDED WITH COUNTY RESOURCES.THE KAHI KAMALII INFANT AND TODDLER PROGRAM PROVIDES QUALITY EARLY CHILDHOOD SERVICES TO FAMILIES THAT ARE EMPLOYED FULL TIME. THE PROGRAM SERVES CHILDREN AGED 12 MONTHS TO 3 YEARS. THE GOAL OF THE PROGRAM IS TO PROVIDE CENTER-BASED CARE FOR YOUNG CHILDREN SO FAMILIES CAN SUCCESSFULLY OBTAIN AND MAINTAIN SELF- SUFFICIENCY. THE PROGRAM IS SUPPORTED BY THE COUNTY OF MAUI

    Expenses $3,056,221 · Revenue $147,458

  • OTHER PROGRAM SERVICESOTHER PROGRAM SERVICES INCLUDE CRISIS AND EMERGENCY ASSISTANCE TO STABILIZED HOUSEHOLDS EVIDENCE BASED YOUTH PREVENTION PROGRAMS, EMPLOYMENT AND TRAINING, BUSINESS PLAN CLASSES AND TECHNICAL ASSISTANCE, MICROLOANS, REINTEGRATION SUPPORT SERVICES, HISPANIC ACCULTURATION SERVICES, WEATHERIZATION, LIHEAP PROGRAMS, THE SENIOR FARMERS MARKET NUTRITION PROGRAM, AND COMMUNITY SERVICES BLOCK GRANT THAT FUNDS AGENCY-WIDE ADMINISTRATION AND PROGRAMS THAT SUPPORT LOW INCOME INDIVIDUALS AND FAMILIES.HIGHLIGHTS FOR THE FISCAL YEAR INCLUDED IN AUGUST 2023, THE ISLAND OF MAUI EXPERIENCED DESTRUCTIVE WILDFIRES THAT IMPACTED SEVERAL COMMUNITIES ON THE ISLAND. MEO OPERATES IN THESE COMMUNITIES AND FORTUNATELY FOR MEO, MEO DID NOT EXPERIENCE MATERIAL DAMAGE TO ITS PROPERTY AND EQUIPMENT. SINCE THE FIRES, MEO HAS BEEN AT THE FOREFRONT IN SUPPORT OF THE COMMUNITIES ON MAUI. MEO IS WORKING WITH FEDERAL, STATE OF HAWAII, COUNTY OF MAUI, PRIVATE AND PUBLIC AGENCIES TO HELP THE PEOPLE OF MAUI. WORKING WITH THESE AGENCIES, MEO HAS IMPLEMENTED PROGRAMS THAT PROVIDE TRANSPORTATION, TRANSITIONAL HOUSING, JOBS, TEMPORARY ASSISTANCE FOR VEHICLE, UTILITY, CLOTHING AND SCHOOL SUPPLY PAYMENTS, BUSINESS GRANTS IN SUPPORT OF THE PEOPLE OF MAUI.

    Expenses $3,673,784 · Grants $1,913,389 · Revenue $40,586

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

Listed in Part VII

  • CAROL RIEMANN

    DIRECTOR/PRESIDENT/PAST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • BARD PETERSON

    DIRECTOR/VICE PRESIDENT/PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • CLIFFORD ALAKAI

    DIRECTOR/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ARLEEN GERBIG

    DIRECTOR/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ADELE RUGG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DAWN BICOY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • GLENN YAMASAKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • REUBEN IGNACIO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • CYNTHIA LALLO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • EDWARD NED DAVIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • ALVIN KAI PELAYO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • PETER HOROVITZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SANDY RYAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • SCOTT OKADA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • GABE JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DESIREE TING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • CHARLES ANDRION

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • CHANELLE DUNDAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DAVID RAATZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • GEMMA MEDINA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • TESSIE SEGUI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • ELIZABETH DELA CRUZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • CLAIRE KAMALU

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • TASHA KAMA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • FRANK DEREGO JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DEBRA CABEBE

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $121,970
    From this org
    $116,051
    From related orgs
    $0
    Other
    $5,919
    Hours/week
    55

  • GAY SIBONGA

    CHIEF OPERATIONS OFFICER

    Total calculated
    $97,397
    From this org
    $92,384
    From related orgs
    $0
    Other
    $5,013
    Hours/week
    55

  • DEBRA LORENZO

    FORMER CHIEF FISCAL OFFICER

    Total calculated
    $92,608
    From this org
    $87,819
    From related orgs
    $0
    Other
    $4,789
    Hours/week
    55

  • CLIFFORD CAESAR

    CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $91,738
    From this org
    $80,094
    From related orgs
    $0
    Other
    $11,644
    Hours/week
    55

  • MONICA TAKAMURA

    CHIEF FISCAL OFFICER

    Total calculated
    $71,711
    From this org
    $67,624
    From related orgs
    $0
    Other
    $4,087
    Hours/week
    55

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
2022
Filed
11 June 2024
IRS schema version
2022v5.0
Source object
202411639349301421

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