Puget Sound Opportunties Industrialization Center
- Assets
- $305.5k
- Revenue
- $605.9k
- Investments
- $0.0
- Employees
- 7
- Location
- Renton, WA
- Founding
- 02/2002
- Data as of
- 06/2022
- EIN
- 91-2036279
Organization Overview
Puget Sound Opportunties Industrialization Center, operating under the name Puget Sound OIC dba Puget Sound Training Center, is located in Renton, WA. The organization was established in 2002. 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 06/2022, Puget Sound OIC dba Puget Sound Training Center employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Puget Sound OIC dba Puget Sound Training Center 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, Puget Sound OIC dba Puget Sound Training Center generated $605.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $459.8k during the year ending 06/2022. 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
THE MISSION OF PUGET SOUND TRAINING CENTER IS TO PROVIDE CUSTOMIZED SKILLS TRAINING OPPORTUNITIES FOR THE LOW INCOME INDIVIDUALS IN THE PUGET SOUND REGION, AND TO DEVELOP AND PROVIDE EMPLOYMENT OPPORTUNITIES AT A
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIMITED ENGLISH PROFICIENCY (LEP PROGRAM) THE PROGRAM IS FUNDED THROUGH THE OFFICE OF REFUGEE AND IMMIGRANT ASSISTANCE, PROVIDES NEWLY ARRIVED REFUGEES AND IMMIGRANTS WITH CAREER PLANNING, COMPREHENSIVE CASE MANAGEMENT, CULTURAL NAVIGATION, FINANCIAL LITERACY, SUSTAINABLE JOB PLACEMENT AND LONG-TERM JOB RETENTION SUPPORT FOR PARTICIPANTS AND EMPLOYERS. IN FISCAL YEAR 2022, A TOTAL OF 99 IMMIGRANTS AND REFUGEES MOVED TOWARDS FINANCIAL STABILITY THROUGH CULTURALLY COMPETENT EMPLOYMENT AND CUSTOMIZED JOB TRAINING AND AND 70% MAINTAINED THEIR EMPLOYMENT FOR OVER 90 DAYS.
REFUGEE YOUTH MENTORING PROGRAM (PARTNERS IN EMPLOYMENT) HELPS YOUTH AGES 18-24 WHO HAVE REFUGEE, ASYLEE OR SIV STATUS WITH CASE MANAGEMENT. THIS INCLUDES HELING THEM REGISTER FOR ESL, CUSTOMIZED JOB TRAINING, EMPLOYMENT, AND ANYTHING ELSE THAT THE CLIENT MAY NEED HELP WITH, IN ORDER TO REACH THEIR LONG-TERM GOALS.
THE BASIC FOOD EMPLOYMENT & TRAINING (BFET PROGRAM) PROVIDES EMPLOYMENT AND TRAINING ASSISTANCE TO LOW-INCOME INDIVIDUALS RECEIVING FOOD BENEFITS. THE PROGRAM PROVIDES ON-GOING SUPPORT TO HELP INDIVIDUALS FIND SUSTAINABLE CAREER OPPORTUNITIES, INCLUDING WAGE PROGRESSION ASSISTANCE AND ACCESS TO CREDENTIALS AND TRAINING OPPORTUNITIES IN THE COMMUNITY. IN THE FEDERAL FISCAL YEAR OF 2020, A TOTAL OF 39 LOW-INCOME INDIVIDUALS BENEFITED FROM EMPLOYMENT SUPPORT, JOB COACHING AND TRAINING.
THE HUMAN SERVICES PROGRAM FUNDED BY THE HUMAN SERVICES FUNDS FROM THE CITIES OF KENT, RENTON, FEDERAL WAY AND TUKWILA PROVIDES LOW-INCOME INDIVIDUALS WITH JOB TRAINING, CAREER COACHING, JOB PLACEMENT ASSISTANCE, WAGE PROGRESSION AND ACCESS TO CASE MANAGEMENT SERVICES. A TOTAL OF 51 INDIVIDUALS BENEFITED FROM EMPLOYMENT SUPPORT, JOB COACHING AND TRAINING.
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 |
|---|---|---|---|
Ron Newton President | OfficerTrustee | 1 | $0 |
Samantha Nelson Secretary/treasurer | OfficerTrustee | 1 | $0 |
Peter Gunter Board Member | Trustee | 1 | $0 |
Joseph P Drake CEO | Officer | 40 | $71,973 |
Gloria Barber Member | Trustee | 1 | $0 |
Lidia Escoto Finance Manager | Officer | 10 | $13,825 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $600,766 |
| 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 | $605,945 |
| Statement of Expenses | |
|---|---|
| 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. | $72,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $213,373 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,935 |
| Payroll taxes | $24,580 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $81 |
| Fees for services: Accounting | $15,379 |
| 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 | $7,480 |
| Information technology | $1,698 |
| Royalties | $0 |
| Occupancy | $73,688 |
| Travel | $418 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $34 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,591 |
| Insurance | $10,102 |
| All other expenses | $0 |
| Total functional expenses | $459,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,881 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $106,269 |
| 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 | $11,382 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,534 |
| Other assets | $0 |
| Total assets | $305,482 |
| Accounts payable and accrued expenses | $16,020 |
| 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 | $16,020 |
| Net assets without donor restrictions | $289,462 |
| 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 |
| Total liabilities and net assets/fund balances | $289,462 |