The Regional Opportunity Center
- Assets
- $1.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 15
- Location
- Pittsburgh, PA
- Founding
- 07/2005
- Data as of
- 06/2023
- EIN
- 20-2939474
Organization Overview
The Regional Opportunity Center is located in Pittsburgh, PA. The organization was established in 2005. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Regional Opportunity Center employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regional Opportunity Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Regional Opportunity Center generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $1.2m during the year ending 06/2023. While expenses have increased by 6.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ACCELERATE THE BUSINESS COMMUNITY TOWARD EQUITABLE, INCLUSIVE, AND DIVERSE WORKPLACES, CREATING A FUTURE-FORWARD REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUTREACH AND ATTRACTION - CONDUCT TARGETED TALENT ATTRACTION INITIATIVES AT DIVERSE NATIONAL CONVENTIONS, CULTURAL FESTIVALS AND CAREER FAIRS USING TRADITIONAL AND DIGITAL MARKETING TACTICS.
EDUCATE: PROVIDE EDUCATION AND LEARNING SOLUTIONS AND PROGRAMS DESIGNED TO RAISE DIVERSITY, EQUITY AND INCLUSION AWARENESS AND CAPABILITY.
ELEVATE - SUPPORT THE NETWORK OF PROFESSIONALS OF COLOR AND ACCELERATE THEIR CONNECTIONS TO CAREER ADVANCING OPPORTUNITIES IN THE REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Quintin Bullock Board Chair | OfficerTrustee | 3 | $0 |
Caitlin Mclaughlin Board Vice Chair | OfficerTrustee | 3 | $0 |
Kent Clifton Treasurer | OfficerTrustee | 3 | $0 |
Gabriella Gonzalez Secretary | OfficerTrustee | 3 | $0 |
Cynthia Baldwin Board Member | Trustee | 1 | $0 |
Darrell Baltimore Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,181,613 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,181,613 |
| Total Program Service Revenue | $56,415 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,310,085 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $173,115 |
| Compensation of current officers, directors, key employees. | $17,774 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $543,245 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $69,963 |
| Payroll taxes | $55,945 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,073 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $73,860 |
| Advertising and promotion | $12,645 |
| Office expenses | $19,659 |
| Information technology | $19,279 |
| Royalties | $0 |
| Occupancy | $44,400 |
| Travel | $23,560 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $64,265 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,733 |
| All other expenses | $12,055 |
| Total functional expenses | $1,184,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,179,086 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $44,520 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,135 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,235,741 |
| Accounts payable and accrued expenses | $10,817 |
| Grants payable | $0 |
| Deferred revenue | $34,912 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $45,729 |
| Net assets without donor restrictions | $1,150,012 |
| Net assets with donor restrictions | $40,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,235,741 |
Grants Awarded
Over the last fiscal year, The Regional Opportunity Center has awarded $25,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GREENWOOD PLAN PURPOSE: ORGANIZATIONAL SUPPORT | $5,000 |
PROFESSIONAL WOMENS NETWORK PURPOSE: ORGANIZATIONAL SUPPORT | $10,500 |
JEWISH FEDERATION OF GREATER PITTSBURGH PURPOSE: ORGANIZATIONAL SUPPORT | $9,500 |