Wayne Opportunity Center Inc
- Assets
- $2.3m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 95
- Location
- Goldsboro, NC
- Founding
- 08/1967
- Data as of
- 06/2023
- EIN
- 56-0842676
Organization Overview
Wayne Opportunity Center Inc is located in Goldsboro, NC. The organization was established in 1967. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 06/2023, Wayne Opportunity Center Inc employed 95 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wayne Opportunity 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 06/2023, Wayne Opportunity Center Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $2.8m during the year ending 06/2023. While expenses have increased by 3.1% per year over the past 8 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
THE ORGANIZATION PROVIDES CHOICES TO PERSONS SERVED. THIS IS ACHIEVED THROUGH COMMUNITY INTEGRATION AND EMPLOYMENT SERVICES WHILE ASSISTING PUBLIC AND PRIVATE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADULT DEVELOPMENTAL VOCATIONAL PROGRAM - PROVIDES LONG-TERM TRAINING AND EDUCATION FOR DEVELOPMENTALLY DISABLED ADULTS.
PRODUCTION AND SALVAGING SALES TO SUPPLEMENT SERVICES.
TRANSPORTATION PROGRAM PROVIDES TRANSPORATION TO HANDICAPPED INDIVIDUALS.
CAP PROGRAM - MEDICAID FUNDED PROGRAM THAT PROVIDES ONE ON ONE ASSISTANCE TO MENTALLY HADICAPPED INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Barrett Vice Chairma | Trustee | 2 | $0 |
Charles Brogden Director | Trustee | $0 | |
Barney Cannady Director | Trustee | $0 | |
Evelyn Ezzell Treasurer | Trustee | 2 | $0 |
Julie Graham Secretary | Trustee | 2 | $0 |
Linda Jones Director | Trustee | $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 | $58,258 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,258 |
| Total Program Service Revenue | $2,148,944 |
| Investment income | $5,385 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$18,626 |
| Net Income from Fundraising Events | $2,800 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $417,638 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,611,907 |
| 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 | $1,815,888 |
| Pension plan accruals and contributions | $34,554 |
| Other employee benefits | $250,237 |
| Payroll taxes | $127,294 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,187 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,838 |
| Office expenses | $36,326 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $333,676 |
| Travel | $892 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,656 |
| Interest | $939 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $89,991 |
| Insurance | $100,571 |
| All other expenses | $300 |
| Total functional expenses | $2,843,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,441 |
| Savings and temporary cash investments | $791,931 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $200,591 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $27,003 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,014,274 |
| Investments—publicly traded securities | $98,119 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $51,670 |
| Total assets | $2,257,029 |
| Accounts payable and accrued expenses | $113,286 |
| 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 | $33,040 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $183,914 |
| Total liabilities | $330,240 |
| Net assets without donor restrictions | $1,926,789 |
| 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 | $2,257,029 |