Opportunity Works Inc
- Assets
- $12.2m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 154
- Location
- Newburyport, MA
- Founding
- 05/1974
- Data as of
- 06/2022
- EIN
- 23-7364943
Organization Overview
Opportunity Works Inc is located in Newburyport, MA. The organization was established in 1974. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 06/2022, Opportunity Works Inc employed 154 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opportunity Works 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 06/2022, Opportunity Works Inc generated $8.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $7.7m during the year ending 06/2022. While expenses have increased by 0.7% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS FULLY COMMITTED TO ENHANCING THE QUALITY OF LIFE FOR PEOPLE WITH DISABILITIES BY PROMOTING A CULTURE OF DIGNITY AND RESPECT AND ENSURING INDIVIDUALIZED SERVICES THAT MAXIMIZE THE INDEPENDENCE OF THE PEOPLE WE SERVE. WE FURTHER RESOLVE TO ELIMINATE
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMPLOYMENT SERVICES
TRANSPORTATION AND OTHER
DAY HABILITATION
COMMUNITY BASED DAY SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Candee Director | Trustee | 1 | $0 |
Dennis Donahue Director | Trustee | 1 | $0 |
Richard Eaton Assistant Clerk | Trustee | 1 | $0 |
Judy Lacroix Director | Trustee | 1 | $0 |
Christina Manikas Clerk | Trustee | 1 | $0 |
Alan Porter Assistant Vice President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $46,008 |
| Related organizations | $0 |
| Government grants | $7,310,575 |
| All other contributions, gifts, grants, and similar amounts not included above | $705,375 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,061,958 |
| Total Program Service Revenue | $102,419 |
| Investment income | $15,201 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,067 |
| Net Income from Fundraising Events | -$11,593 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,191,091 |
| 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. | $395,174 |
| Compensation of current officers, directors, key employees. | $199,781 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,757,750 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $585,529 |
| Payroll taxes | $389,308 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $186,562 |
| Advertising and promotion | $27,635 |
| Office expenses | $186,898 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $111,440 |
| Travel | $11,461 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $284,718 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $387,815 |
| Insurance | $175,117 |
| All other expenses | $299,013 |
| Total functional expenses | $7,701,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,427,991 |
| Savings and temporary cash investments | $61,368 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,059,979 |
| 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 | $24,713 |
| Net Land, buildings, and equipment | $9,325,178 |
| Investments—publicly traded securities | $287,812 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,187,041 |
| Accounts payable and accrued expenses | $459,527 |
| 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 | $5,687,110 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,146,637 |
| Net assets without donor restrictions | $5,948,438 |
| Net assets with donor restrictions | $91,966 |
| 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 | $12,187,041 |