Opportunities Industrialization Center Of New London County Inc
- Assets
- $313.6k
- Revenue
- $445.9k
- Investments
- $0.0
- Employees
- 12
- Location
- New London, CT
- Founding
- 04/1970
- Data as of
- 06/2021
- EIN
- 23-7066023
Organization Overview
Opportunities Industrialization Center Of New London County Inc is located in New London, CT. The organization was established in 1970. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 06/2021, Opportunities Industrialization Center Of New London County Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opportunities Industrialization Center Of New London County 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 Of New London County Inc generated $445.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $672.6k during the year ending 06/2021. 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
OIC'S MISSION IS TO PROVIDE TRAINING, BASIC SKILLS, SUPPORTIVE COUNSELING AND JOB CREATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMPLOYMENT TRAINING: THE GENERAL OBJECTIVE OF OIC'S TRAINING PROGRAMS IS TO PROVIDE A COMPREHENSIVE RANGE OF EMPLOYMENT SKILLS AND JOB-SPECIFIC SKILLS TO UNEMPLOYED AND UNDEREMPLOYED INDIVIDUALS, SUCH THAT THE EMPLOYMENT NEEDS OF LOCAL BUSINESSES ARE MET AND JOB OPPORTUNITIES FOR THE RESIDENTS OF NEW LONDON ARE IMPROVED. SPECIFICALLY, TRAINING IS OFFERED IN THREE CAREER TRACK AREAS: OFFICE/COMPUTER SKILLS, CULINARY ARTS, AND CERTIFIED NURSING ASSISTANTS (CNA). COMPLEMENTING THIS SPECIFIC VOCATIONAL TRAINING, THESE FUNDS WILL ALSO SUPPORT OIC'S EMPLOYABILITY SKILLS TRAINING ENCOMPASSING RESUME & COVER LETTER WRITING, EFFECTIVE INTERVIEWING SKILLS, COMMUNICATION SKILLS, CUSTOMER SERVICE, CONFLICT MANAGEMENT, AND MORE. PROJECT EMPLOYMENT: WORKING WITH SPECIFIC POPULATION OF EX-OFFENDERS, ASSISTING THEM WITH JOB SEEKING AND RETENTION SKILLS. STOPPING DOMESTIC VIOLENCE: PROVIDES PSYCHO-SOCIAL INTERVENTION/EDUCATIONAL CLASSES DESIGNED TO ASSIST OFFENDERS WHO ARE REFERRED TO OIC FOR DOMESTIC VIOLENCE OFFENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nekeisha A Grant Officer | Officer | 40 | $62,038 |
Christopher Jones Board Member | Trustee | 1 | $0 |
Beth A Hogan Vice Chairperson | OfficerTrustee | 1 | $0 |
Brian Wilson Board Member | Trustee | 1 | $0 |
Rev Dr John Webster Board Member | Trustee | 1 | $0 |
Christina Ann Nocito Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $303,480 |
| 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 | $139,282 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $445,902 |
| Statement of Expenses | |
|---|---|
| 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. | $62,038 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $284,309 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $300 |
| Payroll taxes | $82,767 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,000 |
| Fees for services: Accounting | $11,273 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,866 |
| Advertising and promotion | $1,471 |
| Office expenses | $14,759 |
| Information technology | $21,913 |
| Royalties | $0 |
| Occupancy | $70,094 |
| Travel | $624 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $460 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,579 |
| Insurance | $16,505 |
| All other expenses | $0 |
| Total functional expenses | $672,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $30,618 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $7,998 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,155 |
| Total assets | $313,588 |
| Accounts payable and accrued expenses | $139,155 |
| 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 | $193,114 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $332,269 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | -$18,681 |