Oro Development Corporation
- Assets
- $73.5k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 17
- Location
- Oklahoma City, OK
- Founding
- 09/1974
- Data as of
- 06/2021
- EIN
- 73-0968906
Organization Overview
Oro Development Corporation is located in Oklahoma City, OK. The organization was established in 1974. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 06/2021, Oro Development Corporation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oro Development Corporation 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 06/2021, Oro Development Corporation generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2021. 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
TO PROVIDE EDUCATION, TRAINING, HOUSING EMPLOYMENT, AND ASSISTANCE FOR ELIGIBLE INDIVIDUALS AND AG INDUSTRY WORKERS TO BE SELF-SUFFICIENT, PRODUCTIVE MEMBERS OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLASSROOM TRAINING ASSISTANCE. 83 SERVED.
EMPLOYMENT OPPORTUNITIES THROUGH DEPARTMENT OF LABOR AND WORKFORCE INVESTMENT ACT. 76 SERVED.
SUPPORTIVE SERVICES THAT INCLUDE MIGRANT SEASONAL FARM WORKERS ASSISTANCE AND A NEW GED PROGRAM. 21 SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jorge A Martinez Executive Director | Officer | 40 | $90,716 |
Becky Trent President | OfficerTrustee | 1 | $0 |
Javier Solis Board Member | OfficerTrustee | 1 | $0 |
Deanna Hansell Board Member | Trustee | 1 | $0 |
Camila Galeano Board Member | Trustee | 1 | $0 |
Anna Wofford Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,427,793 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,427,793 |
| Total Program Service Revenue | $0 |
| Investment income | $38 |
| 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 | $1,427,831 |
| 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. | $110,037 |
| Compensation of current officers, directors, key employees. | $21,047 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $440,803 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $130,772 |
| Payroll taxes | $54,331 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $72,960 |
| 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 | $65,348 |
| Travel | $53,584 |
| 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 | $7,553 |
| All other expenses | $8,524 |
| Total functional expenses | $1,428,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,429 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $29,466 |
| Accounts receivable, net | $0 |
| 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 | $31,630 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $73,525 |
| Accounts payable and accrued expenses | $35,434 |
| Grants payable | $0 |
| Deferred revenue | $43,794 |
| 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 | $79,228 |
| Net assets without donor restrictions | -$5,703 |
| 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 | $73,525 |
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