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← MAUI ECONOMIC OPPORTUNITY INC

Form 990 for tax year 2024

Filed by MAUI ECONOMIC OPPORTUNITY INC.

Totals

Total revenue
$36,684,641
Total expenses
$36,599,673
Contributions and grants received
$35,765,536
Grants paid
$10,028,077
Program service revenue
$593,038
Investment income
$37,509
Other revenue
$288,558
Total assets, end of year
$43,455,555
Total liabilities, end of year
$15,645,929
Net assets or fund balances, end of year
$27,809,626
Program services expenses (Part IX)
$34,282,673
Management and general expenses
$2,316,965
Fundraising expenses
$35
Program service expenses (Part III)
$34,282,673

Program services were 93.7% 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

    $1,344

  • 1c · Fundraising events

    $26,111

  • 1e · Government grants (contributions)

    $34,337,031

  • 1f · All other contributions, gifts and grants

    $1,401,050

  • 2a · Program service revenue: PROGRAM INCOME

    total $590,060 · related or exempt $590,060

  • 2b · Program service revenue: MICRO LOAN PROGRAM

    total $2,851 · related or exempt $2,851

  • 2c · Program service revenue: LOAN FEES

    total $127 · related or exempt $127

  • 3 · Investment income

    total $47,647 · excluded $47,647

  • 6a · Gross rents

    real property $88,441

  • 6b · Less rental expenses

    real property $37,949

  • 6c · Rental income or loss

    real property $50,492

  • 6d · Net rental income or loss

    total $50,492 · unrelated business $8,167 · excluded $42,325

  • 7a · Gross sales of assets other than inventory

    securities $211,699

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

    securities $212,267 · other assets $9,570

  • 7c · Gain or loss

    securities -$568 · other assets -$9,570

  • 7d · Net gain or loss

    total -$10,138 · excluded -$10,138

  • 8a · Fundraising events: gross income

    $124,430

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

    $26,111

  • 8b · Fundraising events: direct expenses

    $34,586

  • 8c · Net income from fundraising events

    total $89,844 · excluded $89,844

  • 11a · Other revenue: OTHER

    total $148,222 · related or exempt $148,222

  • 11e · Other revenue, total

    $148,222

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $10,028,077 · program services $10,028,077

  • 5 · Compensation of officers, directors and key employees

    total $536,939 · program services $466,025 · management and general $70,914

  • 7 · Other salaries and wages

    total $10,607,724 · program services $9,207,965 · management and general $1,399,759

  • 8 · Pension plan contributions

    total $301,158 · program services $261,384 · management and general $39,774

  • 9 · Other employee benefits

    total $1,732,121 · program services $1,503,357 · management and general $228,764

  • 10 · Payroll taxes

    total $774,849 · program services $672,514 · management and general $102,335

  • 11b · Fees: legal

    total $2,744 · management and general $2,744

  • 11c · Fees: accounting

    total $51,011 · management and general $51,011

  • 11d · Fees: lobbying

    total $31,414 · management and general $31,414

  • 11f · Fees: investment management

    total $14,221 · management and general $14,221

  • 11g · Fees: other

    total $6,605,171 · program services $6,545,490 · management and general $59,681

  • 13 · Office expenses

    total $851,140 · program services $789,072 · management and general $62,068

  • 16 · Occupancy

    total $666,133 · program services $621,727 · management and general $44,406

  • 17 · Travel

    total $82,645 · program services $73,741 · management and general $8,904

  • 20 · Interest

    total $2,949 · program services $2,949

  • 22 · Depreciation, depletion and amortization

    total $1,475,589 · program services $1,462,327 · management and general $13,227 · fundraising $35

  • 23 · Insurance

    total $754,063 · program services $708,899 · management and general $45,164

  • 24a · Other expenses: REPAIR AND MAINTENANCE

    total $1,032,034 · program services $973,890 · management and general $58,144

  • 24b · Other expenses: GAS AND OIL

    total $688,857 · program services $688,857

  • 24c · Other expenses: TRAINING

    total $197,015 · program services $189,440 · management and general $7,575

  • 24d · Other expenses: MISCELLANEOUS EXPENSES

    total $121,322 · program services $47,641 · management and general $73,681

  • 24e · All other expenses

    total $42,497 · program services $39,318 · management and general $3,179

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,204,070 · end of year $1,898,568

  • 2 · Savings and temporary cash investments

    beginning of year $18,831,464 · end of year $14,061,908

  • 3 · Pledges and grants receivable

    beginning of year $4,513,196 · end of year $2,715,281

  • 4 · Accounts receivable

    beginning of year $137,225 · end of year $80,267

  • 7 · Other notes and loans receivable

    beginning of year $32,563 · end of year $19,156

  • 9 · Prepaid expenses and deferred charges

    beginning of year $311,473 · end of year $89,506

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

    $38,866,053

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

    $17,043,260

  • 10c · Land, buildings and equipment, net

    beginning of year $22,301,592 · end of year $21,822,793

  • 11 · Investments: publicly traded securities

    beginning of year $1,897,048 · end of year $2,128,388

  • 15 · Other assets

    beginning of year $749,426 · end of year $639,688

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,692,155 · end of year $1,633,052

  • 18 · Grants payable

    beginning of year $18,855,899 · end of year $13,302,322

  • 19 · Deferred revenue

    beginning of year $67,509 · end of year $9,886

  • 23 · Secured mortgages and notes payable

    beginning of year $63,300 · end of year $63,300

  • 25 · Other liabilities

    beginning of year $742,041 · end of year $637,369

  • 27 · Net assets without donor restrictions

    beginning of year $15,791,550 · end of year $16,019,910

  • 28 · Net assets with donor restrictions

    beginning of year $11,765,603 · end of year $11,789,716

Mission and programs · 2024

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 6,362 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 272,111.

    Expenses $11,438,492 · Grants $24,241 · Revenue $366

  • CRISIS AND EMERGENCY ASSISTANCE - PROVIDE HOUSING, UTILITY, VEHICLE, APPLIANCE, CLOTHING AND SCHOOL SUPPLY SUPPORT FOR FAMILIES WITH DEPENDENT CHILDREN IMPACTED BY THE WILDFIRES. FEDERALLY FUNDED THROUGH THE STATE DEPARTMENT OF HUMAN SERVICES.

    Expenses $8,506,014 · Grants $7,680,691 · Revenue $461,057

  • EMPLOYMENT AND TRAINING - ENHANCE EMPLOYMENT APPLICATION AND JOB SKILLS FOR LOW-INCOME AND LEGAL PERMANENT RESIDENTS. THE GOAL IS TO HELP CLIENTS FIND JOBS EARNING A LIVING WAGE.

    Expenses $6,166,043 · Grants $1,424

  • 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. 75 FARMS RECEIVED MICRO GRANT ASSISTANCE DURING THE FIFTH YEAR OF THE FUNDING.THE MEO BDC BUSINESS PLANNING OR CORE FOUR COURSE ASSISTED 114 BUSINESSES IN THE DEVELOPMENT OF A REALISTIC, ACHIEVABLE BUSINESS PLAN. THE FIVE-WEEK PROGRAM IS OFFERED THROUGHOUT THE YEAR ON MAUI, MOLOKAI, AND LANAI. 1,204 YOUTH TO ADULT ATTENDED FINANCIAL LITERACY CLASSES THAT FOCUSED ON INCREASING FINANCIAL HEALTH, INCLUDING SAVING, BUDGETING, LENDING AND INVESTMENT INFORMATION.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 193 CHILDREN AND 171 FAMILIES WERE SERVED BY THE PROGRAM DURING THE 2024-2025 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.OTHER PROGRAM SERVICES INCLUDE EVIDENCE BASED YOUTH PREVENTION PROGRAMS, 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:THE MEO CEO AND EXECUTIVE LEADERSHIP TEAM ESTABLISHED THE LEADERSHIP COHORT PROGRAM TO IDENTIFY AND DEVELOP FUTURE LEADERS WITHIN THE ORGANIZATION. THE INAUGURAL COHORT RAN FROM SEPTEMBER 2024 THROUGH JUNE 2025, WITH FIVE EMERGING LEADERS SUCCESSFULLY COMPLETING THE PROGRAM.THE COHORT PARTICIPATED IN A SERIES OF TRAINING SESSIONS DESIGNED TO BUILD KNOWLEDGE OF COMMUNITY ACTION, ORGANIZATIONAL OPERATIONS, AND LEADERSHIP SKILLS. THE PROGRAM CONCLUDED WITH COHORT PARTICIPANT PRESENTATIONS DEMONSTRATING THEIR LEARNING AND LEADERSHIP DEVELOPMENT.THE LEADERSHIP COHORT PROGRAM PROVIDES SIGNIFICANT BENEFITS TO BOTH THE PARTICIPANTS AND THE ORGANIZATION. BY BUILDING KNOWLEDGE OF COMMUNITY ACTION PRINCIPLES, STRENGTHENING LEADERSHIP AND MANAGEMENT SKILLS, AND INCREASING UNDERSTANDING OF MEO'S PROGRAMS AND OPERATIONS, THE PROGRAM PREPARES EMERGING LEADERS TO TAKE ON GREATER RESPONSIBILITIES WITHIN THE AGENCY. PARTICIPANTS GAIN A BROADER PERSPECTIVE OF HOW DEPARTMENTS WORK TOGETHER TO SERVE THE COMMUNITY, WHICH PROMOTES COLLABORATION AND MORE EFFECTIVE DECISION-MAKING. THE PROGRAM ALSO SUPPORTS SUCCESSION PLANNING BY DEVELOPING A PIPELINE OF KNOWLEDGEABLE AND COMMITTED LEADERS WHO ARE EQUIPPED TO SUSTAIN MEO'S MISSION AND ENSURE THE LONG-TERM STRENGTH AND STABILITY OF THE ORGANIZATION.MEO PLANS TO OFFER THIS PROGRAM EVERY THREE YEARS TO CONTINUE TO DEVELOP EMERGING LEADERS. ADDRESSING A CAUSE OR CONDITION OF POVERTY IN THE COMMUNITY USING AN INNOVATIVE OR CREATIVE APPROACH. HAWAI`I RELIEF PROGRAM (HRP) IMPLEMENTATION AND IMPACT:IN RESPONSE TO THE AUGUST 2023 MAUI WILDFIRES, MAUI ECONOMIC OPPORTUNITY, INC. (MEO) SUCCESSFULLY IMPLEMENTED THE MAUI RELIEF TANF PROGRAM, PROVIDING IMMEDIATE FINANCIAL ASSISTANCE TO FAMILIES FACING HOUSING INSTABILITY AND ECONOMIC HARDSHIP.BUILDING ON THE SUCCESS OF THIS EFFORT, THE STATE DEPARTMENT OF HUMAN SERVICES PARTNERED WITH MEO TO ADMINISTER THE HAWAII RELIEF PROGRAM (HRP) USING THE SAME RESPONSIVE, COMMUNITY-CENTERED SERVICE MODEL. HRP PROVIDES NON-RECURRING SHORT-TERM (NRST) HOUSING AND UTILITY ASSISTANCE TO TANF-ELIGIBLE HOUSEHOLDS EXPERIENCING FINANCIAL CRISES OR UNEXPECTED HARDSHIPS, HELPING FAMILIES MAINTAIN STABLE HOUSING AND ESSENTIAL UTILITY SERVICES.COMMUNITY SERVICES BLOCK GRANT (CSBG) FUNDING PROVIDED THE FRAMEWORK THAT ENABLED MEO TO RAPIDLY DEVELOP THE SYSTEMS, STAFFING, AND INFRASTRUCTURE NEEDED TO LAUNCH AND MANAGE THE PROGRAM EFFECTIVELY.PROGRAM IMPLEMENTATION WAS SUPPORTED THROUGH COORDINATED EFFORTS ACROSS MULTIPLE DEPARTMENTS:- INFORMATION TECHNOLOGY DEVELOPED THE ONLINE APPLICATION SYSTEM, UPDATED THE WEBSITE, CREATED OUTREACH MATERIALS, AND BUILT A DATA TRACKING SYSTEM FOR HRP SERVICES.- HUMAN RESOURCES RECRUITED AND ON BOARDED PROGRAM STAFF TO MEET INCREASED SERVICE DEMAND.- FISCAL AND ADMINISTRATIVE TEAMS ENSURED TIMELY PROGRAM APPROVALS, FINANCIAL OVERSIGHT, AND COMPLIANCE WITH FUNDING REQUIREMENTS.THROUGH HRP, MEO PROVIDED CRITICAL HOUSING AND UTILITY ASSISTANCE THAT HELPED FAMILIES REMAIN SAFELY HOUSED, MAINTAIN ESSENTIAL SERVICES, AND NAVIGATE FINANCIAL CRISES DURING A CHALLENGING RECOVERY PERIOD FOR THE MAUI COMMUNITY. THE PROGRAM DEMONSTRATES THE EFFECTIVENESS OF COORDINATED PARTNERSHIPS BETWEEN STATE AGENCIES AND COMMUNITY-BASED ORGANIZATIONS IN DELIVERING TIMELY, TARGETED ASSISTANCE TO VULNERABLE HOUSEHOLDS.

    Expenses $8,172,124 · Grants $2,321,721 · Revenue $279,837

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CAROL REIMANN

    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

  • REUBEN IGNACIO

    DIRECTOR/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • GEMMA MEDINA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • EMMANUEL BALTAZAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • EDWARD NED DAVIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DESIREE TING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • CAITLIN MUSSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • TESSIE SEGUI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DAVID RAATZ

    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

  • CRYSTAL NAKIHEI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • SCOTT OKADA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • ALVIN PELAYO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • ADELE RUGG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • SANDY RYAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • MELINDA LUZ BOLO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • CYNTHIA LALLO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • TEDDI WALLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • ARLEEN GERBIG

    FORMER DIRECTOR/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • DEBRA CABEBE

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $130,804
    From this org
    $124,445
    From related orgs
    $0
    Other
    $6,359
    Hours/week
    55

  • GAY SIBONGA

    CHIEF OPERATIONS OFFICER

    Total calculated
    $103,343
    From this org
    $97,996
    From related orgs
    $0
    Other
    $5,347
    Hours/week
    55

  • MARGARET BATANGAN

    CHIEF ADMINISTRATIVE OFFICER

    Total calculated
    $87,081
    From this org
    $86,018
    From related orgs
    $0
    Other
    $1,063
    Hours/week
    55

  • WILBERT TORRICER

    INTERIM CHIEF FISCAL OFFICER

    Total calculated
    $85,646
    From this org
    $66,776
    From related orgs
    $0
    Other
    $18,870
    Hours/week
    55

  • KAREN FRANGIPANE

    HR MANAGER

    Total calculated
    $23,987
    From this org
    $23,729
    From related orgs
    $0
    Other
    $258
    Hours/week
    55

  • JULIE STRONG

    FORMER CHIEF FISCAL OFFICER

    Total calculated
    $23,805
    From this org
    $21,804
    From related orgs
    $0
    Other
    $2,001
    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
2024
Filed
27 May 2026
IRS schema version
2024v5.5
Source object
202611479349301801

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