Opportunity Center Of Owensboro Inc
- Assets
- $2.1m
- Revenue
- $819.1k
- Investments
- $0.0
- Employees
- 50
- Location
- Owensboro, KY
- Founding
- 07/1960
- Data as of
- 12/2021
- EIN
- 61-0539889
Organization Overview
Opportunity Center Of Owensboro Inc, operating under the name Opportunity Center Of Owensboro, is located in Owensboro, KY. The organization was established in 1960. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 12/2021, Opportunity Center Of Owensboro employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opportunity Center Of Owensboro 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 12/2021, Opportunity Center Of Owensboro generated $819.1k 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 (5.5%) each year. All expenses for the organization totaled $676.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 7 years. 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
OPPORTUNITY CENTER SERVICES AND SUPPORT EMPOWERS ADULTS WITH DISABILITIES TO LEAD THEIR BEST LIVES.THE OPPORTUNITY CENTER WAS FOUNDED IN 1956 BY A GROUP OF LOVING PARENTS WHO DESIRED THAT THEIR CHILDREN WITH DEVELOPMENTAL DISABILITIES HAVE THE OPPORTUNITY TO RECEIVE AN EDUCATION. MAINSTREAM SCHOOL ACCEPTANCE WAS NOT AVAILABLE TO THOSE SPECIAL NEEDS CHILDREN. THESE DEDICATED AND CARING PARENTS BANDED TOGETHER TO CREATE THIS OPPORTUNITY AND FOUNDED THE ORGANIZATION. SUPPORTED BY THE COMMUNITY THROUGHOUT THE DECADES SINCE, THE ORGANIZATION HAS PERSEVERED AND ADAPTED TO THE UNIQUE NEEDS OF THE INDIVIDUALS WE SUPPORT. OUR ULTIMATE GOAL IS TO EMPOWER THE ADULT INDIVIDUALS WE SUPPORT TO LEAD THEIR BEST LIVES, AND DETERMINE FOR THEMSELVES HOW THEY WILL CONQUER THE WORLD!
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPPORTUNITY CENTER OF OWENSBORO PROVIDES SERVICES TO PEOPLE WITH DEVELOPMENTAL DISABILITIES THROUGH THE MEDICAID WAIVER PROGRAM. WE PROVIDE TRAINING TO PREPARE OUR CLIENTS TO TRANSITION FROM SCHOOL TO ADULT RESPONSIBILITIES; LEARN EMPLOYMENT SKILLS AND/OR INCREASE SOCIAL AND BEHAVIOR SKILLS. THIS INCLUDES COMMUNITY INVOLVEMENT, CAREER PLANNING, VOCATIONAL ACTIVITIES, WORKPLACE SOLVING SKILLS, DAILY LIVING SKILLS, AND SOCIALIZATION SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Phillips Past Executive Director | Officer | 40 | $63,706 |
Tammy Maglinger President | OfficerTrustee | 15 | $0 |
John Palmer Treasurer | OfficerTrustee | 2 | $0 |
Karen Goedde Vice President | OfficerTrustee | 4 | $0 |
Cindy Parrish Secretary | OfficerTrustee | 2 | $0 |
Rosemary Conder Current Executive Director | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $11,411 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $201,758 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,044 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $244,213 |
| Total Program Service Revenue | $366,695 |
| Investment income | $20,783 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $87,144 |
| Net Gain/Loss on Asset Sales | -$7,862 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $74,336 |
| Net Income from Sales of Inventory | $19,688 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $819,101 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $416,084 |
| Pension plan accruals and contributions | $5,198 |
| Other employee benefits | $67,090 |
| Payroll taxes | $32,963 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,662 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,559 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,760 |
| Insurance | $12,648 |
| All other expenses | $23,780 |
| Total functional expenses | $676,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $285,170 |
| Savings and temporary cash investments | $201,587 |
| Pledges and grants receivable | $77,466 |
| Accounts receivable, net | $26,534 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,885 |
| Prepaid expenses and deferred charges | $6,951 |
| Net Land, buildings, and equipment | $607,059 |
| Investments—publicly traded securities | $898,645 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,106,297 |
| Accounts payable and accrued expenses | $40,464 |
| 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 | $0 |
| Total liabilities | $40,464 |
| Net assets without donor restrictions | $1,612,715 |
| Net assets with donor restrictions | $453,118 |
| 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 | $2,106,297 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Opportunity Center Of Owensboro Inc has recieved totaling $12,358.
| Awarding Organization | Amount |
|---|---|
United Way Of The Ohio Valley Inc Owensboro, KY PURPOSE: COMMUNITY BENEFIT ALLOCATIONS & DONOR DESIGNATIONS | $12,358 |
Endowment Analysis
| Beg. Balance | $409,293 |
| Earnings | $48,692 |
| Other Expense | $11,046 |
| Ending Balance | $446,939 |
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