Opportunities Industrialization Center Of America Inc
- Assets
- $7.9m
- Revenue
- $13.6m
- Investments
- $0.0
- Employees
- 41
- Location
- Philadelphia, PA
- Founding
- 05/1971
- Data as of
- 06/2023
- EIN
- 23-7109952
Organization Overview
Opportunities Industrialization Center Of America Inc is located in Philadelphia, PA. The organization was established in 1971. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2023, Opportunities Industrialization Center Of America Inc employed 41 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Opportunities Industrialization Center Of America 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 06/2023, Opportunities Industrialization Center Of America Inc generated $13.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 32.5% each year . All expenses for the organization totaled $9.3m during the year ending 06/2023. While expenses have increased by 24.5% 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.
Since 2020, Opportunities Industrialization Center Of America Inc has awarded 42 individual grants totaling $15,043,811. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATION, TRAINING, AND EMPLOYMENT SERVICES IN PHILADELPHIA, PENNSYLVANIA, AND TO PROVIDE TECHNICAL ASSISTANCE TO AFFILIATED ORGANIZATIONS NATIONWIDE, THAT WILL ENABLE ECONOMICALLY DISADVANTAGED AND UNEMPLOYED PEOPLE OF ALL RACES AND BACKGROUNDS TO BECOME PRODUCTIVE AND MORE FULFILLED MEMBERS OF AMERICAN SOCIETY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING AND TECHNICAL ASSISTANCE - PROVIDES EDUCATION, TRAINING, AND EMPLOYMENT SERVICES THROUGH A NATIONAL NETWORK OF LOCAL AFFILIATED ORGANZIATIONS THAT WILL ENABLE ECONOMICALLY DISADVANTAGED AND UNEMPLOYED PEOPLE OF ALL RACES AND BACKGROUNDS TO BECOME PRODUCTIVE AND MORE FULFILLED MEMBERS OF AMERICAN SOCIETY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Talton Chair | OfficerTrustee | 1 | $0 |
Joe Mcferrin II First Vice-Chair | OfficerTrustee | 1 | $0 |
Linda White Treasurer | OfficerTrustee | 1 | $0 |
Ronald Harper Secretary | OfficerTrustee | 1 | $0 |
Jacinda Adams Director | Trustee | 1 | $0 |
Nichole Barnes-Marshall Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Benjamin Lattimore Cadi Program Dir. | 6/29/20 | $170,004 |
Amtc Associates Eval And Tech Svc | 6/29/20 | $132,843 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $32,500 |
| Membership dues | $47,150 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,729,919 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,629,317 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,438,886 |
| Total Program Service Revenue | $0 |
| Investment income | $103,764 |
| 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 | $13,587,422 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,695,171 |
| 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. | $497,013 |
| Compensation of current officers, directors, key employees. | $94,368 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,183,288 |
| Pension plan accruals and contributions | $120,464 |
| Other employee benefits | $355,728 |
| Payroll taxes | $267,596 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $674,139 |
| Advertising and promotion | $144,783 |
| Office expenses | $244,402 |
| Information technology | $105,907 |
| Royalties | $0 |
| Occupancy | $436,910 |
| Travel | $196,348 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $272,111 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $33,307 |
| All other expenses | $65,716 |
| Total functional expenses | $9,321,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,511 |
| Savings and temporary cash investments | $1,184,401 |
| Pledges and grants receivable | $1,477,760 |
| Accounts receivable, net | $1,890 |
| 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 | $7,513 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,068,340 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,965,696 |
| Total assets | $7,925,111 |
| Accounts payable and accrued expenses | $316,752 |
| Grants payable | $781,028 |
| Deferred revenue | $142,782 |
| 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 | $1,998,828 |
| Total liabilities | $3,239,390 |
| Net assets without donor restrictions | $4,685,721 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,925,111 |
Grants Awarded
Over the last fiscal year, Opportunities Industrialization Center Of America Inc has awarded $3,695,171 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
OIC OF SOUTH FLORIDA INC PURPOSE: FELLOWSHIPS | $798,800 |
OPPORTUNITIES INDUSTRIALIZATION OF WILSON INCORPORATED PURPOSE: FELLOWSHIPS | $659,479 |
OPPORTUNITIES INDUSTRIALIZATION CENTER INC (ROCKY MOUNT OIC) PURPOSE: FELLOWSHIPS | $455,564 |
TRI COUNTY OPPORTUNITIES INDUSTRIALIZATION CENTER INC PURPOSE: FELLOWSHIPS | $419,841 |
OPPORTUNITIES INDUSTRIALIZATION CENTER INC (PHILADELPHIA OIC) PURPOSE: FELLOWSHIPS | $396,274 |
OPPORTUNITIES INDUSTRIALIZATION CENTER OF OKLAHOMA COUNTY INC PURPOSE: FELLOWSHIPS | $188,066 |