Innovative Opportunities Inc
- Assets
- $334.6k
- Revenue
- $422.5k
- Investments
- $0.0
- Employees
- 68
- Location
- Worthington, OH
- Founding
- 06/1999
- Data as of
- 12/2022
- EIN
- 34-1800949
Organization Overview
Innovative Opportunities Inc is located in Worthington, OH. The organization was established in 1999. 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 12/2022, Innovative Opportunities Inc employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Innovative Opportunities 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 12/2022, Innovative Opportunities Inc generated $422.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $461.0k during the year ending 12/2022. While expenses have increased by 14.3% 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
TO PROVIDE JOB TRAINING AND OTHER SERVICES TO DEVELOPMENTALLY DISABLED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERFORM WAIVER SERVICES FOR DEVELOPMENTALLY DISABLED PERSONS
MINOR DONATIONS ACCEPTED
MINOR DONATIONS RECEIVED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Bloom Vice Preside | OfficerTrustee | 10 | $0 |
Jennifer Fisher Treasurer | OfficerTrustee | 10 | $0 |
Janet Seward Ceo/presiden | OfficerTrustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,847 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,527 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,374 |
| Total Program Service Revenue | $366,090 |
| Investment income | $2 |
| 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 | $422,466 |
| 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 | $329,307 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,968 |
| Payroll taxes | $25,459 |
| 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 | $436 |
| Office expenses | $292 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,830 |
| Travel | $25,850 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,817 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,507 |
| Insurance | $0 |
| All other expenses | $351 |
| Total functional expenses | $460,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,020 |
| Savings and temporary cash investments | $50,818 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,986 |
| 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 | $1,432 |
| Net Land, buildings, and equipment | $232,515 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $10,866 |
| Other assets | $0 |
| Total assets | $334,637 |
| Accounts payable and accrued expenses | $43,168 |
| 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 | $106,648 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $813 |
| Total liabilities | $150,629 |
| Net assets without donor restrictions | $0 |
| 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 | $184,008 |
| Total liabilities and net assets/fund balances | $334,637 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Innovative Opportunities Inc has recieved totaling $79.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $79 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jevs Human Services Philadelphia, PA | $77,364,523 | $72,235,566 |
Philadelphia Works Inc Philadelphia, PA | $19,624,768 | $60,435,334 |
Go-Hire Employment And Development Hazard, KY | $7,206,602 | $38,687,303 |
Private Industry Council Of Westmoreland Fayette Inc Greensburg, PA | $8,538,862 | $23,750,755 |
Change Incorporated Weirton, WV | $10,912,278 | $21,367,906 |
Family Development Services Inc Indianapolis, IN | $6,961,291 | $21,119,232 |
Indianapolis Private Industry Council Inc Indianapolis, IN | $7,195,768 | $15,248,899 |
Coalition On Homeless And Housing In Ohio Columbus, OH | $8,605,666 | $14,656,133 |
Impact Services Corp Philadelphia, PA | $10,268,783 | $12,440,470 |
Workforce Development Board Of Central Ohio Columbus, OH | $1,226,414 | $9,387,231 |
Central Pennsylvania Workforce Development Corporation Lewisburg, PA | $2,063,323 | $7,980,390 |
Job Squad Inc Bridgeport, WV | $7,674,844 | $8,287,475 |