Opportunities Industrialization Center Inc
- Assets
- $2.5m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 04/1964
- Data as of
- 06/2022
- EIN
- 23-6296920
Organization Overview
Opportunities Industrialization Center Inc is located in Philadelphia, PA. The organization was established in 1964. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opportunities Industrialization Center Inc 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 Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $2.8m during the year ending 06/2022. While expenses have increased by 7.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO ELIMINATE UNEMPLOYMENT, UNDEREMPLOYMENT AND ILLITERACY TO ENSURE A MEANINGFUL QUALITY OF LIFE FOR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKFORCE DEVELOPMENT CONSISTS OF THE FOLLOWING PROGRAM AREAS: (1) BANKWORK$ - A FREE VOCATIONAL TRAINING PROGRAM THAT TRAINS INNER-CITY ADULTS WITH THE HARD AND SOFT SKILLS NEEDED TO START A CAREER IN BANKING. (2) ENERGY JOB TRAINING - PECO SMART ENERGY PROGRAM OFFERS CUSTOMIZED JOB TRAINING AND PLACEMENT SERVICES FOR THOSE INTERESTED IN ENERGY-ORIENTED CAREERS. (3) HOSPITALITY JOB TRAINING - PROVIDES PEOPLE OF ALL SKILL LEVELS WITH THE BACKGROUND AND EXPERIENCE NEEDED TO START CAREERS IN THE FOOD AND HOTEL INDUSTRIES. (4) RE-ENTRY PROGRAM - OFFERS SERVICES CATERED TO ADULTS OVER 18 YEARS OLD WHO HAVE HAD CONTACT WITH THE JUSTICE SYSTEM AND RESIDE IN DESIGNATED HIGH POVERTY, HIGH-CRIME COMMUNITIES IN THE PHILADELPHIA AREA. (5) DRONE PROGRAM - OFFERS A SIX-WEEK TRAINING PROGRAM THAT PREPARES INDIVIDUALS TO SIT FOR THE FEDERAL AVIATION ADMINISTRATION (FAA) PART 107 CERTIFICATION EXAM. EDUCATION PROGRAMS CONSIST OF THE FOLLOWING: (1) WORKFORCE ACADEMY - A TUITION-FREE ACCELERATED HIGH SCHOOL COLLEGE AND CAREER READINESS PROGRAM. (2) TECHNOLOGY POWER SKILLS CENTER - OFFERS COMPUTER LITERACY CLASSES SPONSORED BY COMCAST INTERNET ESSENTIALS. (3) HISET TRAINING - GED EQUIVALENCY PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judge Renee Cardwell Hughes President And CEO | Officer | 40 | $200,375 |
Aisha Dennis COO | 40 | $133,783 | |
Keita Atif Bostic Chair | OfficerTrustee | 1 | $0 |
William Carter III 2nd Vice Chairman | OfficerTrustee | 1 | $0 |
Greg Deshields Board Member | Trustee | 1 | $0 |
Michael Cooper Board Member | Trustee | 1 | $0 |
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 | $289,171 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $289,171 |
| Total Program Service Revenue | $2,053,243 |
| Investment income | -$1,349 |
| 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 | $2,376,647 |
| 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. | $334,158 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $784,551 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $166,732 |
| Payroll taxes | $91,700 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,063 |
| Fees for services: Accounting | $150,727 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $222,224 |
| Advertising and promotion | $0 |
| Office expenses | $61,110 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $188,171 |
| Travel | $2,488 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,980 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,989 |
| Insurance | $32,507 |
| All other expenses | $0 |
| Total functional expenses | $2,800,736 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $882,063 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $409,378 |
| 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 | $18,423 |
| Net Land, buildings, and equipment | $175,082 |
| Investments—publicly traded securities | $11,440 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $996,585 |
| Total assets | $2,492,971 |
| Accounts payable and accrued expenses | $248,005 |
| Grants payable | $0 |
| Deferred revenue | $25,000 |
| 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 | $406,843 |
| Unsecured mortgages and notes payable | $28,333 |
| Other liabilities | $0 |
| Total liabilities | $708,181 |
| Net assets without donor restrictions | $1,617,570 |
| Net assets with donor restrictions | $167,220 |
| 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 | $2,492,971 |