Oai Inc
- Assets
- $2.9m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 40
- Location
- Chicago, IL
- Founding
- 05/2001
- Data as of
- 06/2023
- EIN
- 36-4385280
Organization Overview
Oai Inc is located in Chicago, IL. The organization was established in 2001. 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 06/2023, Oai Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oai 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, Oai Inc generated $5.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $5.6m during the year ending 06/2023. While expenses have increased by 9.7% 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
PROVIDE SKILLS TRAINING THAT LEADS TO SAFE, MEANINGFUL EMPLOYMENT AND HELPS COMPANIES AND COMMUNITIES TO THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OAI CHICAGO SOUTHLAND PROVIDES DIRECT CAREER TRAINING AND RETENTION SERVICES FOR UNDERSERVED POPULATIONS IN THE CHICAGO SOUTHLAND REGION. OCS ENGAGES ITS SURROUNDING COMMUNITIES THROUGH NEIGHBORHOOD/SERVICE PROVIDER/EMPLOYER ALLIANCES, RECRUITING LOW-INCOME RESIDENTS FOR TECHNICAL TRAINING AND INTERNSHIPS, SUPPORTING STUDENTS THROUGH TRAINING, CONNECTING THEM WITH SUSTAINABLE CAREERS AFTER GRADUATION AND HELPING TO RETAIN THEM IN THESE POSITIONS FOR AT LEAST ONE YEAR. LOCATED IN PARK FOREST, IL, OCS SERVES THE SURROUNDING SOUTHLAND COMMUNITIES.
HIGH BRIDGE ADDRESSES THE CRITICAL ISSUE OF MAINTAINING GREEN STORMWATER INFRASTRUCTURE BY SUCCESSFULLY PARTNERING WITH COMMUNITIES AND LANDOWNERS TO RESTORE NEGLECTED GSI, IMPLEMENT MAINTENANCE PLANS, TRAIN WORKERS, AND HELP ADVANCE TECHNICAL AND HIGHER-PAYING SKILLS FOR COMMUNITY RESIDENTS.
PRE-EMPLOYMENT EDUCATION AND TRAINING PROVIDES JOB TRAINING, PLACEMENT AND RETENTION SERVICES THAT EQUIP INDIVIDUALS WITH THE SKILLS TO COMPETE FOR LIVING WAGE JOBS AND CAREERS IN ENVIRONMENTAL REMEDIATION, HAZARDOUS WASTE REMOVAL, CONSTRUCTION, SOLAR PANEL INSTALLATION, LANDSCAPING, AND OTHER GREEN INDUSTRIES. PEET OFFERS OUTREACH, RECRUITMENT, PROFESSIONAL DEVELOPMENT, ACADEMIC ENHANCEMENT, FINANCIAL EDUCATION, TECHNICAL SKILLS TRAINING, AND JOB PLACEMENT AND RETENTION SERVICES TO INDIVIDUALS FACING MULTIPLE BARRIERS TO EMPLOYMENT. PROGRAMS ARE OFFERED IN CHICAGO, INDIANAPOLIS, ST. LOUIS, KANSAS CITY, AND DALLAS.
THE BUSINESS AND WORKER TRAINING DIVISION PROVIDES WORKER HEALTH & SAFETY TRAINING, IN COMPLIANCE WITH OSHA CFR 1910.120, TO EMERGENCY FIRST RESPONDERS, MEDICAL FIRST RECEIVERS AND INDUSTRY WORKERS WHO ARE EXPOSED TO HAZARDOUS MATERIALS. IN ADDITION, THE DIVISION OFFERS CUSTOMIZED, COST-EFFECTIVE ON-SITE WORKFORCE SKILLS AND SAFETY TRAINING PROGRAMS FOR LOW-WAGE AND LIMITED ENGLISH PROFICIENT WORKERS EMPLOYED IN VARIOUS INDUSTRIES, INCLUDING THE MANUFACTURING, HOSPITALITY AND MEDICAL SECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelley Farley Shrm-Cp Cnap Treasurer | OfficerTrustee | 0.3 | $0 |
Mollie Dowling Macd Former Executive Director | OfficerTrustee | 37.5 | $107,589 |
Kindy Kruller Aicp Leed Ap Maupp Chair | OfficerTrustee | 0.3 | $0 |
Carlos Galindo Csp Sms Board Member | Trustee | 0.3 | $0 |
John Watson Board Member | Trustee | 0.3 | $0 |
Cheryl Francis Board Member | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,833,703 |
| All other contributions, gifts, grants, and similar amounts not included above | $981,780 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,815,483 |
| Total Program Service Revenue | $14,100 |
| Investment income | $1,724 |
| 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 | $5,831,307 |
| 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. | $336,872 |
| Compensation of current officers, directors, key employees. | $81,955 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,747,659 |
| Pension plan accruals and contributions | $41,859 |
| Other employee benefits | $297,871 |
| Payroll taxes | $191,109 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,689 |
| Fees for services: Accounting | $24,521 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $826,580 |
| Advertising and promotion | $0 |
| Office expenses | $143,539 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $321,304 |
| Travel | $70,169 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $59,420 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,362 |
| Insurance | $19,036 |
| All other expenses | $14,850 |
| Total functional expenses | $5,621,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $316,290 |
| Savings and temporary cash investments | $574,091 |
| Pledges and grants receivable | $1,309,341 |
| Accounts receivable, net | $25,969 |
| 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 | $35,185 |
| Net Land, buildings, and equipment | $66,075 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $589,084 |
| Total assets | $2,916,035 |
| Accounts payable and accrued expenses | $851,273 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $600,961 |
| Total liabilities | $1,452,234 |
| Net assets without donor restrictions | $673,028 |
| Net assets with donor restrictions | $790,773 |
| 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 | $2,916,035 |