Opportunities Industrialization Center Incorporated Of Ouachita
- Assets
- $171.3k
- Revenue
- $510.5k
- Investments
- $0.0
- Employees
- 21
- Location
- Monroe, LA
- Founding
- 02/1977
- Data as of
- 06/2022
- EIN
- 72-0801911
Organization Overview
Opportunities Industrialization Center Incorporated Of Ouachita is located in Monroe, LA. The organization was established in 1977. 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 06/2022, Opportunities Industrialization Center Incorporated Of Ouachita employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opportunities Industrialization Center Incorporated Of Ouachita 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, Opportunities Industrialization Center Incorporated Of Ouachita generated $510.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $510.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.6%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL JOB SKILLS TRAINING IN A CLASSROOM ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE STATE TREASURY FUND IS USED TO ACCOUNT FOR A STATE GRANT FROM LOUISIANA COMMUNITY COLLEGE. IT PROVIDES FUNDING FOR THE PROVISION OF SERVICES IN PROFESSIONAL DEVELOPMENT TRAINING (PRE-EMPLOYABILITY SKILLS), HIGH SCHOOL SECONDARY EDUCATION TESTS LITERACY ELEVATION, JOB SKILLS, COUNSELING, JOB SEARCH AND PLACEMENT ASSISTANCE FOR LOW TO MODERATE INCOME CLIENTS WHO ARE DISADVANTAGED, UNEMPLOYED, AND/OR UNDEREMPLOYED.
GENERAL FUND-ALL ASSETS OVER WHICH THE BOARD OF DIRECTORS HAS DISCRETIONARYCONTRO HAVE BEEN INCLUDED IN THE GENERAL FUND.
THE WIB FUND IS TO ACCOUNT FOR A GRANT FROM UNITED STATES DEPARTMENT OF LABOR UNDER THE WORKFORCE INVESTMENT ACT PASSED THROUGH THE OUACHITA PARISH POLICE JURY. THE FUNDS ARE USED FOR THE PURPOSE OF PROVIDING JOB TRAINING TO WELFARE RECIPIENTS TO FACILITATE THE TRANSITION INTO THE WORKFORCE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Smith Executive Director | Officer | 40 | $44,066 |
Sonya Elmore Bookkeeper | Officer | 40 | $39,360 |
Rose Lee Board Member | Trustee | 0 | $0 |
Bernard Menyweather Board Member | Trustee | 0 | $0 |
Juanita Rambo-Heard Board Secretary | Trustee | 0 | $0 |
Teresa Dickerson Vice-Chair | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $367,143 |
| All other contributions, gifts, grants, and similar amounts not included above | $143,382 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $510,525 |
| Total Program Service Revenue | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $510,525 |
| 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 | $261,966 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $41,122 |
| Payroll taxes | $0 |
| 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 | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $6,162 |
| All other expenses | $198,089 |
| Total functional expenses | $510,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,739 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $67,610 |
| Accounts receivable, net | $1,462 |
| 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 | $0 |
| Net Land, buildings, and equipment | $68,933 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $580 |
| Total assets | $171,324 |
| Accounts payable and accrued expenses | $11,983 |
| Grants payable | $0 |
| Deferred revenue | $115,970 |
| 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 | $127,953 |
| Net assets without donor restrictions | $43,371 |
| 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 | $171,324 |