Opportunities Industrialization Center Inc
- Assets
- $3.3m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 04/1964
- Data as of
- 06/2021
- EIN
- 23-6296920
Organization Overview
Opportunities Industrialization Center Inc is located in Philadelphia, PA. The organization was established in 1964. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opportunities Industrialization Center Inc 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 06/2021, Opportunities Industrialization Center Inc generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $3.1m during the year ending 06/2021. While expenses have increased by 11.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO ELIMINATE UNEMPLOYMENT, UNDEREMPLOYMENT AND ILLITERACY TO ENSURE A MEANINGFUL QUALITY OF LIFE FOR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKFORCE DEVELOPMENT CONSISTS OF THE FOLLOWING PROGRAM AREAS: (1) BANKWORK$ - A FREE VOCATIONAL TRAINING PROGRAM THAT TRAINS INNTER-CITY ADULTS WITH THE HARD AND SOFT SKILLS NEEDED TO START A CAREER IN BANKING. (2) ENERGY JOB TRAINING - PECO SMART ENERGY PROGRAM OFFERS CUSTOMIZED JOB TRAINING AND PLACEMENT SERVICES FOR THOSE INTERESTED IN ENERGY-ORIENTED CAREERS. (3) HOSPITALITY JOB TRAINING - PROVIDES PEOPLE OF ALL SKILL LEVELS WITH THE BACKGROUND AND EXPERIENCE NEEDED TO START CAREERS IN THE FOOD AND HOTEL INDUSTRIES. (4) RE-ENTRY PROGRAM - OFFERS SERVICES CATERED TO ADULTS OVER 18 YEARS OLD WHO HAVE HAD CONTACT WITH THE JUSTICE SYSTEM AND RESIDE IN DESIGNATED HIGH POVERTY, HIGH-CRIME COMMUNITIES IN THE PHILADELPHIA AREA. (5) DRONE PROGRAM - OFFERS A SIX-WEEK TRAINING PROGRAM THAT PREPARES INDIVIDUALS TO SIT FOR THE FEDERAL AVIATION ADMINISTRATION (FAA) PART 107 CERTIFICATION EXAM.EDUCATION PROGRAMS CONSIST OF THE FOLLOWING: (1) WORKFORCE ACADEMY - A TUITION-FREE ACCELERATED HIGH SCHOOL COLLEGE AND CAREER READINESS PROGRAM. (2) TECHNOLOGY POWER SKILLS CENTER - OFFERS COMPUTER LITERACY CLASSES SPONSORED BY COMCAST INTERNET ESSENTIALS. (3) HISET TRAINING - GED EQUIVALENCY PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judge Renee Cardwell Hughes President And CEO | Officer | 40 | $183,077 |
Aisha Dennis COO | 40 | $106,766 | |
William Carter III 2nd Vice Chairman | OfficerTrustee | 1 | $0 |
Keita Atif Bostic Chair | OfficerTrustee | 1 | $0 |
Ade Lawal Treasurer | OfficerTrustee | 1 | $0 |
Tiffany Newmuis 1st Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,023,850 |
| All other contributions, gifts, grants, and similar amounts not included above | $572,009 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,595,859 |
| Total Program Service Revenue | $2,441,525 |
| Investment income | $5,358 |
| 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 | $4,045,283 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $183,077 |
| Compensation of current officers, directors, key employees. | $183,077 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,520,574 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $184,901 |
| Payroll taxes | $135,728 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,693 |
| Fees for services: Accounting | $137,949 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $335,923 |
| Advertising and promotion | $0 |
| Office expenses | $69,185 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $123,794 |
| Travel | $1,003 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,742 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $78,436 |
| Insurance | $20,960 |
| All other expenses | $0 |
| Total functional expenses | $3,088,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $856,117 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $709,472 |
| Accounts receivable, net | $487,639 |
| 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 | $14,028 |
| Net Land, buildings, and equipment | $248,071 |
| Investments—publicly traded securities | $12,152 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $985,140 |
| Total assets | $3,312,619 |
| Accounts payable and accrued expenses | $558,564 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $496,843 |
| Unsecured mortgages and notes payable | $48,333 |
| Other liabilities | $0 |
| Total liabilities | $1,103,740 |
| Net assets without donor restrictions | $1,857,879 |
| Net assets with donor restrictions | $351,000 |
| 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 | $3,312,619 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Opportunities Industrialization Center Inc has recieved totaling $839,990.
| Awarding Organization | Amount |
|---|---|
Opportunities Industrialization Center Of America Inc Philadelphia, PA PURPOSE: FELLOWSHIPS | $407,490 |
William Penn Foundation Philadelphia, PA PURPOSE: BANKWORK$ AND SMART ENERGY TECHNICAL TRAINING | $250,000 |
Philadelphia Foundation Philadelphia, PA PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
United Way Of Greater Philadelphia And Southern New Jersey Philadelphia, PA | | $37,500 |
Careerworks Inc Seattle, WA PURPOSE: BANKWORK$ | $30,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Building Service Thomas Shortman Training Scholarship And New York, NY | $24,265,152 | $18,661,986 |
New York District Council Crpntrs Apprntcshp Jrnymn Retraing Educa New York, NY | $32,423,989 | $13,554,381 |
Ohio Operating Engineers Apprenticeship Fund Columbus, OH | $28,221,332 | $11,797,420 |
Northeast Carpenters Apprenticeship Fund Edison, NJ | $19,860,788 | $10,381,249 |
Hawthorne Valley Association Inc Ghent, NY | $11,965,949 | $10,914,219 |
Electrical Local No 26 Joint Apprenticeship & Training Tr Fund Lanham, MD | $29,794,692 | $14,296,333 |
Operating Engineers Local 825 Springfield, NJ | $22,861,458 | $9,545,959 |
Operating Engineers Local 825 Sub Fund Springfield, NJ | $82,702,164 | $12,313,269 |
Nueva Esperanza Philadelphia, PA | $22,032,264 | $12,218,705 |
Mm&p Maritime Advancement Training Ed & Safety Program Linthicum Heights, MD | $12,191,670 | $4,959,385 |
United Labor Agency Inc Cleveland, OH | $1,262,964 | $7,870,324 |
Baltimore Corps Inc Baltimore, MD | $9,476,399 | $10,474,967 |