Independent Opportunities Inc Of Oklahoma
- Assets
- $22.8m
- Revenue
- $34.7m
- Investments
- $0.0
- Employees
- 902
- Location
- Tulsa, OK
- Founding
- 03/1991
- Data as of
- 06/2023
- EIN
- 74-2547238
Organization Overview
Independent Opportunities Inc Of Oklahoma is located in Tulsa, OK. The organization was established in 1991. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2023, Independent Opportunities Inc Of Oklahoma employed 902 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Opportunities Inc Of Oklahoma 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, Independent Opportunities Inc Of Oklahoma generated $34.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $33.2m during the year ending 06/2023. While expenses have increased by 0.8% per year over the past 7 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 THE HIGHEST QUALITY RESIDENTIAL SERVICES TO PEOPLE WITH DEVELOPMENTAL DISABILITIES. A MAJOR PART OF THE MISSION IS TO PROVIDE OPPORTUNITIES TO THESE INDIVIDUALS BASED UPON THEIR RIGHT TO A NORMAL DAILY ROUTINE. SPECIFICALLY, IT IS THIS ORGANIZATION'S MISSION TO OFFER COMPREHENSIVE ACTIVITIES OF DAILY LIVING, SOCIALIZATION, RECREATION, AND SELF ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE IN HOME TRAINING AND SUPPORT SERVICES TO THE DEVELOPMENTALLY DISABLED INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eddie Theirl Jarman Board Member | Trustee | 40 | $334,427 |
Erich Audretsch Treasurer/secretary | OfficerTrustee | 1 | $0 |
Jana Roeder Board Member | Trustee | 1 | $0 |
Ray Nichols President | OfficerTrustee | 1 | $0 |
Julie Smith Operations Director | Officer | 39 | $152,978 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Revisions Consulting Group Inc Management Services | 6/29/23 | $740,000 |
Csn Financial Inc Accounting And Info Tech | 6/29/23 | $1,150,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $34,548,024 |
| Investment income | $4,145 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $42,713 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,669,760 |
| 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. | $526,714 |
| Compensation of current officers, directors, key employees. | $526,714 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,575,706 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,027,308 |
| Payroll taxes | $1,753,041 |
| Fees for services: Management | $430,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,170,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $137,483 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,068,164 |
| Travel | $990,660 |
| 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 | $431,779 |
| Insurance | $0 |
| All other expenses | $917,111 |
| Total functional expenses | $33,160,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,953,376 |
| Savings and temporary cash investments | $1,482,912 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,710,841 |
| 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 | $512,318 |
| Net Land, buildings, and equipment | $1,052,453 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,119,500 |
| Other assets | $0 |
| Total assets | $22,831,400 |
| Accounts payable and accrued expenses | $3,413,470 |
| 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 | $1,111,132 |
| Total liabilities | $4,524,602 |
| Net assets without donor restrictions | $18,306,798 |
| 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 | $22,831,400 |