Form 990 for tax year 2024
Filed by CAMBRIDGE ECONOMIC OPPORTUNITY COMMITTEE INC.
Totals
- Total revenue
- $2,623,737
- Total expenses
- $2,491,573
- Contributions and grants received
- $2,574,531
- Grants paid
- $224,331
- Program service revenue
- $0
- Investment income
- $49,206
- Other revenue
- $0
- Total assets, end of year
- $2,478,449
- Total liabilities, end of year
- $281,530
- Net assets or fund balances, end of year
- $2,196,919
- Program services expenses (Part IX)
- $2,251,486
- Management and general expenses
- $192,627
- Fundraising expenses
- $47,460
- Program service expenses (Part III)
- $2,251,486
Program services were 90.4% 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
$93,750
-
1e · Government grants (contributions)
$1,587,495
-
1f · All other contributions, gifts and grants
$893,286
-
1g · Noncash contributions included above
$99,386
-
3 · Investment income
total $34,946 · excluded $34,946
-
7a · Gross sales of assets other than inventory
securities $525,025
-
7b · Less cost or other basis and sales expenses
securities $510,765
-
7c · Gain or loss
securities $14,260
-
7d · Net gain or loss
total $14,260 · excluded $14,260
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $224,331 · program services $224,331
-
5 · Compensation of officers, directors and key employees
total $129,412 · program services $118,412 · management and general $8,282 · fundraising $2,718
-
7 · Other salaries and wages
total $1,134,233 · program services $1,049,737 · management and general $63,341 · fundraising $21,155
-
9 · Other employee benefits
total $153,221 · program services $141,684 · management and general $8,652 · fundraising $2,885
-
10 · Payroll taxes
total $94,505 · program services $87,366 · management and general $5,354 · fundraising $1,785
-
11b · Fees: legal
total $189 · management and general $189
-
11c · Fees: accounting
total $112,108 · program services $59,483 · management and general $52,625
-
11f · Fees: investment management
total $11,172 · management and general $11,172
-
11g · Fees: other
total $102,026 · program services $88,751 · management and general $3,608 · fundraising $9,667
-
13 · Office expenses
total $15,834 · program services $14,208 · management and general $827 · fundraising $799
-
14 · Information technology
total $29,775 · program services $23,637 · management and general $5,387 · fundraising $751
-
16 · Occupancy
total $11,610 · program services $10,730 · management and general $880
-
17 · Travel
total $5,728 · program services $5,523 · management and general $205
-
19 · Conferences, conventions and meetings
total $1,719 · program services $1,561 · management and general $158
-
22 · Depreciation, depletion and amortization
total $17,448 · management and general $17,448
-
23 · Insurance
total $10,480 · program services $5,230 · management and general $5,250
-
24a · Other expenses: FOOD
total $333,318 · program services $333,318
-
24b · Other expenses: PROGRAM EXPENSES
total $44,044 · program services $39,996 · management and general $4,048
-
24c · Other expenses: REPAIRS & MAINTENANCE
total $28,468 · program services $25,404 · management and general $3,064
-
24d · Other expenses: EQUIPMENT & MAINTENANCE
total $16,406 · program services $9,647 · management and general $309 · fundraising $6,450
-
24e · All other expenses
total $15,546 · program services $12,468 · management and general $1,828 · fundraising $1,250
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $334,853 · end of year $799,968
-
2 · Savings and temporary cash investments
beginning of year $450,307 · end of year $142,221
-
4 · Accounts receivable
beginning of year $415,410 · end of year $319,587
-
9 · Prepaid expenses and deferred charges
beginning of year $4,608 · end of year $4,665
-
10a · Land, buildings and equipment: cost or other basis
$329,313
-
10b · Land, buildings and equipment: accumulated depreciation
$221,228
-
10c · Land, buildings and equipment, net
beginning of year $110,443 · end of year $108,085
-
11 · Investments: publicly traded securities
beginning of year $1,014,288 · end of year $1,103,923
-
17 · Accounts payable and accrued expenses
beginning of year $242,739 · end of year $281,530
-
19 · Deferred revenue
beginning of year $98,886 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $1,688,284 · end of year $1,996,919
-
28 · Net assets with donor restrictions
beginning of year $300,000 · end of year $200,000
Mission and programs · 2024
Mission
TO EMPOWER PEOPLE AND MOBILIZE RESOURCES TO FIGHT POVERTY'S CAUSES AND IMPACTS THROUGH EDUCATION AND ORGANIZING.
-
COMPREHENSIVE BUNDLED SERVICE PROGRAMS - CEOC PROVIDES BENEFITS ADVOCACY WITH ALL STATE AND FEDERAL PUBLIC BENEFITS, A STATE HEALTH NAVIGATOR, A FOOD PANTRY SERVICE, FREE TAX PREPARATION (VITA), FINANCIAL EDUCATION AND COACHING, TENANT ADVOCACY TO MAINTAIN PEOPLE'S HOMES BY PREVENTING ALL THREATS OF EVICTIONS, AS WELL AS, COMMUNITY ORGANIZING TO PROMOTE CIVIC PARTICIPATION AND PUBLIC POLICY ADVOCACY.
Expenses $2,251,486 · Grants $224,331
As filed on the 2024 return.
Listed in Part VII
-
Maria FontellioMARIA FONTELLIO
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Hector AcevedoHECTOR ACEVEDO
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Randy AlbeldaRANDY ALBELDA
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Zanny AlterZANNY ALTER
CLERK
- Total calculated
- $0
- Hours/week
- 1
-
Gail CouncilGAIL COUNCIL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sally BenbassetSALLY BENBASSET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Linda MontgomeryLINDA MONTGOMERY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Elaine O'ReillyELAINE O'REILLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Debbie BonillaDEBBIE BONILLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Toni PrestonTONI PRESTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cathleen HigginsCATHLEEN HIGGINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Roxann MascollROXANN MASCOLL
DIRECTOR (UNTIL MAY 2025)
- Total calculated
- $0
- Hours/week
- 1
-
Michael ScarlettMICHAEL SCARLETT
DIRECTOR (SINCE FEB 2025)
- Total calculated
- $0
- Hours/week
- 1
-
Keith MascollKEITH MASCOLL
DIRECTOR (UNTIL JAN 2025)
- Total calculated
- $0
- Hours/week
- 1
-
Moana BentinMOANA BENTIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alya ThortonaALYA THORTONA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tina AluTINA ALU
EXECUTIVE DIRECTOR
- Total calculated
- $129,412
- From this org
- $125,396
- From related orgs
- $0
- Other
- $4,016
- Hours/week
- 35
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
- 26 March 2026
- IRS schema version
- 2024v5.5
- Source object
- 202630859349301753
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