OPPORTUNITIES INDUSTRIALIZATION CENTER OF AMERICA INC: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
OPPORTUNITIES INDUSTRIALIZATION CENTER OF AMERICA INC (EIN 23-7109952)
Tax period
2022-07-01 to 2023-06-30
Filed
2024-04-05
IRS object ID
202400969349300720
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-04-05T10:45:13-05:00ReturnTs
Tax Period End2023-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN382029668PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GJC CPA'S & ADVISORSBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11001 WOODWARD AVENUE SUITE 850AddressLine1Txt
CityDETROITCityNm
State AbbreviationMIStateAbbreviationCd
ZIP482261904ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN237109952EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1OPPORTUNITIES INDUSTRIALIZATION CENTERSBusinessNameLine1Txt
Business Name Line2OF AMERICA INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlOPPOBusinessNameControlTxt
Phone2152364500PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11415 NORTH BROAD STREET 116AddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP191223324ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLOUIS J KING IIPersonNm
Person TitlePRESIDENT AND C.E.O.PersonTitleTxt
Phone2152364500PhoneNum
Signature2024-04-05SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstLOUISPersonFirstNm
Person LastKING IIPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL R NICHOLASPreparerPersonNm
PTINP00966144PTIN
Phone3139652655PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerLOUIS J KING IIPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11415 NORTH BROAD STREET 116AddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP191223324ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$13,587,422GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.OICOFAMERICA.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1971FormationYr
Legal Domicile StatePALegalDomicileStateCd
Activity Or MissionTO PROVIDE EDUCATION, TRAINING, AND EMPLOYMENT SERVICES IN PHILADELPHIA, PENNSYLVANIA, AND TO PROVIDE TECHNICAL ASSISTANCE TO AFFILIATED ORGANIZATIONS NATIONWIDE, THAT WILL ENABLE ECONOMICALLY DISADVANTAGED AND UNEMPLOYED PEOPLE OF ALL RACES AND BACKGROUNDS TO BECOME PRODUCTIVE AND MORE FULFILLED MEMBERS OF AMERICAN SOCIETYActivityOrMissionDesc
Voting Members Governing Body14VotingMembersGoverningBodyCnt
Voting Members Independent14VotingMembersIndependentCnt
Total Employee41TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$7,411,967PYContributionsGrantsAmt
CY Contributions Grants$13,438,886CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$142PYInvestmentIncomeAmt
CY Investment Income$103,764CYInvestmentIncomeAmt
PY Other Revenue$15,034PYOtherRevenueAmt
CY Other Revenue$44,772CYOtherRevenueAmt
PY Total Revenue$7,427,143PYTotalRevenueAmt
CY Total Revenue$13,587,422CYTotalRevenueAmt
PY Grants And Similar Paid$3,566,867PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$3,695,171CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,567,151PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$3,424,089CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$205CYTotalFundraisingExpenseAmt
PY Other Expenses$1,394,174PYOtherExpensesAmt
CY Other Expenses$2,202,373CYOtherExpensesAmt
PY Total Expenses$7,528,192PYTotalExpensesAmt
CY Total Expenses$9,321,633CYTotalExpensesAmt
PY Revenues Less Expenses-$101,049PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$4,265,789CYRevenuesLessExpensesAmt
Total Assets BOY$1,588,093TotalAssetsBOYAmt
Total Assets EOY$7,925,111TotalAssetsEOYAmt
Total Liabilities BOY$1,169,181TotalLiabilitiesBOYAmt
Total Liabilities EOY$3,239,390TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$418,912NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$4,685,721NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO PROVIDE EDUCATION, TRAINING, AND EMPLOYMENT SERVICES IN PHILADELPHIA, PENNSYLVANIA, AND TO PROVIDE TECHNICAL ASSISTANCE TO AFFILIATED ORGANIZATIONS NATIONWIDE, THAT WILL ENABLE ECONOMICALLY DISADVANTAGED AND UNEMPLOYED PEOPLE OF ALL RACES AND BACKGROUNDS TO BECOME PRODUCTIVE AND MORE FULFILLED MEMBERS OF AMERICAN SOCIETYMissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$8,561,506ExpenseAmt
Grant$3,695,171GrantAmt
Revenue$44,772RevenueAmt
DescTRAINING AND TECHNICAL ASSISTANCE - PROVIDES EDUCATION, TRAINING, AND EMPLOYMENT SERVICES THROUGH A NATIONAL NETWORK OF LOCAL AFFILIATED ORGANZIATIONS THAT WILL ENABLE ECONOMICALLY DISADVANTAGED AND UNEMPLOYED PEOPLE OF ALL RACES AND BACKGROUNDS TO BECOME PRODUCTIVE AND MORE FULFILLED MEMBERS OF AMERICAN SOCIETYDesc
Total Program Service Expenses$8,561,506TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document41IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee41EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members14GoverningBodyVotingMembersCnt
Independent Voting Member14IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local ChaptersYes (1)LocalChaptersInd
Policies Reference ChaptersYes (1)PoliciesReferenceChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldPAStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KEVIN M SWEENEYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2152364500PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11415 NORTH BROAD STREET SUITE 116AddressLine1Txt
CityPHILADELPHIACityNm
State AbbreviationPAStateAbbreviationCd
ZIP191223324ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
JAMES TALTON
CHAIR1.00Yes (X)Yes (X)$0$0$0
JOE MCFERRIN II
FIRST VICE-CHAIR1.00Yes (X)Yes (X)$0$0$0
LINDA WHITE
TREASURER1.00Yes (X)Yes (X)$0$0$0
RONALD HARPER
SECRETARY1.00Yes (X)Yes (X)$0$0$0
JACINDA ADAMS
DIRECTOR1.00Yes (X)$0$0$0
NICHOLE BARNES-MARSHALL
DIRECTOR1.00Yes (X)$0$0$0
JOYCE CHESTER
DIRECTOR1.00Yes (X)$0$0$0
GREG CUNNINGHAM
DIRECTOR1.00Yes (X)$0$0$0
DIMITRIUS HUTCHERSON
DIRECTOR1.00Yes (X)$0$0$0
PIERCE KEATING
DIRECTOR1.00Yes (X)$0$0$0
DELORES SHELTON
DIRECTOR1.00Yes (X)$0$0$0
PAUL SWEEN
DIRECTOR1.00Yes (X)$0$0$0
DR HERMAN WALKER
DIRECTOR1.00Yes (X)$0$0$0
REV ALYN WALLER
DIRECTOR1.00Yes (X)$0$0$0
LOUIS J KING II
PRESIDENT AND C.E.O.37.50Yes (X)$255,277$0$12,913
DANA RAPOPORT
PRINCIPAL37.50$111,045$0$13,808Yes (X)
STEVEN THOMAS
CHIEF OF STAFF37.50$118,058$0$6,278Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$484,380TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$32,999TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K3IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

FieldValueIRS element (for citing)
PersonBENJAMIN LATTIMOREPersonNm

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line11428 BARTON DRIVEAddressLine1Txt
CityFORT WASHINGTIONCityNm
State AbbreviationPAStateAbbreviationCd
ZIP190342821ZIPCd
FieldValueIRS element (for citing)
ServicesCADI PROGRAM DIRECTORServicesDesc
Compensation$227,298CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
Federated Campaigns$32,500FederatedCampaignsAmt
Membership Dues$47,150MembershipDuesAmt
Government Grants$7,729,919GovernmentGrantsAmt
All Other Contributions$5,629,317AllOtherContributionsAmt
Total Contributions$13,438,886TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$103,764TotalRevenueColumnAmt
Exclusion$103,764ExclusionAmt

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$44,772TotalRevenueColumnAmt
Related Or Exempt Func Income$44,772RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$44,772OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$13,587,422TotalRevenueColumnAmt
Related Or Exempt Func Income$44,772RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$103,764ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$3,695,171TotalAmt
Program Services$3,695,171ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$497,013TotalAmt
Program Services$402,645ProgramServicesAmt
Management And General$94,368ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,183,288TotalAmt
Program Services$1,768,747ProgramServicesAmt
Management And General$414,541ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$120,464TotalAmt
Program Services$103,364ProgramServicesAmt
Management And General$17,100ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$355,728TotalAmt
Program Services$305,232ProgramServicesAmt
Management And General$50,496ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$267,596TotalAmt
Program Services$229,610ProgramServicesAmt
Management And General$37,986ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$28,750TotalAmt
Program Services$27,537ProgramServicesAmt
Management And General$1,213ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$674,139TotalAmt
Program Services$645,687ProgramServicesAmt
Management And General$28,247ManagementAndGeneralAmt
Fundraising$205FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$144,783TotalAmt
Program Services$144,553ProgramServicesAmt
Management And General$230ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$244,402TotalAmt
Program Services$212,705ProgramServicesAmt
Management And General$31,697ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$105,907TotalAmt
Program Services$76,324ProgramServicesAmt
Management And General$29,583ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$436,910TotalAmt
Program Services$415,392ProgramServicesAmt
Management And General$21,518ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$196,348TotalAmt
Program Services$185,566ProgramServicesAmt
Management And General$10,782ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$272,111TotalAmt
Program Services$257,168ProgramServicesAmt
Management And General$14,943ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$33,307TotalAmt
Program Services$30,664ProgramServicesAmt
Management And General$2,643ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescEQUIPMENT RENTALDesc
Total$65,716TotalAmt
Program Services$61,141ProgramServicesAmt
Management And General$4,575ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$9,321,633TotalAmt
Program Services$8,561,506ProgramServicesAmt
Management And General$759,922ManagementAndGeneralAmt
Fundraising$205FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$435,935BOYAmt
EOY$219,511EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$13,492BOYAmt
EOY$1,184,401EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,107,046BOYAmt
EOY$1,477,760EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,620BOYAmt
EOY$1,890EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
EOY$7,513EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$293,653LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$293,653LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
EOY$3,068,340EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$29,000BOYAmt
EOY$1,965,696EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,588,093BOYAmt
EOY$7,925,111EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$241,785BOYAmt
EOY$316,752EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$744,066BOYAmt
EOY$781,028EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$183,330BOYAmt
EOY$142,782EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$1,998,828EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,169,181BOYAmt
EOY$3,239,390EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$418,912BOYAmt
EOY$4,685,721EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$418,912BOYAmt
EOY$4,685,721EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,588,093BOYAmt
EOY$7,925,111EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$4,265,789ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$1,020NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$6,722,781CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$7,713,291CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$6,841,796CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,411,967CurrentTaxYearMinus1YearAmt
Current Tax Year$8,438,886CurrentTaxYearAmt
Total$37,128,721TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$6,722,781CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$7,713,291CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$6,841,796CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,411,967CurrentTaxYearMinus1YearAmt
Current Tax Year$8,438,886CurrentTaxYearAmt
Total$37,128,721TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$37,128,721PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$114CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$8,585CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$142CurrentTaxYearMinus1YearAmt
Current Tax Year$103,764CurrentTaxYearAmt
Total$112,605TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,600CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,524CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$240CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$15,034CurrentTaxYearMinus1YearAmt
Current Tax Year$44,772CurrentTaxYearAmt
Total$65,170TotalAmt
FieldValueIRS element (for citing)
Total Support$37,306,496TotalSupportAmt
Public Support CY1700.99520PublicSupportCY170Pct
Public Support PY1700.99890PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:OTHER INCOME - 2018 AMOUNT: $ 3,600. 2019 AMOUNT: $ 1,524. 2020 AMOUNT: $ 240. 2021 AMOUNT: $ 15,034. 2022 AMOUNT: $ 44,772.
SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS:DESCRIPTION: OPERATING CONTRIBUTION DATE: 11/03/22 AMOUNT: 5000000.

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$54,410OtherCostOrOtherBasisAmt
Depreciation$54,410DepreciationAmt
Book Value$0BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$213,968OtherCostOrOtherBasisAmt
Depreciation$213,968DepreciationAmt
Book Value$0BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$25,275OtherCostOrOtherBasisAmt
Depreciation$25,275DepreciationAmt
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDescBook ValueBookValueAmt
RIGHT-OF-USE ASSETS UNDER OPERATING LEASES$1,936,696
SECURITY DEPOSITS$29,000
FieldValueIRS element (for citing)
Total Book Value Other Assets$1,965,696TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescOPERATING LEASE LIABILITIESDesc
Amt$1,998,828Amt
FieldValueIRS element (for citing)
Total Liability$1,998,828TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$13,588,442TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$1,020NetUnrealizedGainsInvstAmt
Revenue Not Reported$1,020RevenueNotReportedAmt
Revenue Subtotal$13,587,422RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$13,587,422TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$9,321,633TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$9,321,633ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$9,321,633TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationOICA'S [THE ORGANIZATION'S] MANAGEMENT IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS AS OF JUNE 30, 2023.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (11 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDescPurpose Of GrantPurposeOfGrantTxt
OIC OF SOUTH FLORIDA INC
3407 NW 9TH AVENUEOAKLAND PARKFL333095947651117147501(C)(3)$798,800$0N/AN/AFELLOWSHIPS
OPPORTUNITIES INDUSTRIALIZATION OF WILSON INCORPORATED
PO BOX 547WILSONNC278940547561100476501(C)(3)$659,479$0N/AN/AFELLOWSHIPS
OPPORTUNITIES INDUSTRIALIZATION CENTER INC (ROCKY MOUNT OIC)
402 EAST VIRGINIA STREETROCKY MOUNTNC278013454560946196501(C)(3)$455,564$0N/AN/AFELLOWSHIPS
TRI COUNTY OPPORTUNITIES INDUSTRIALIZATION CENTER INC
500 MACLAY STREETHARRISBURGPA171102330231667266501(C)(3)$419,841$0N/AN/AFELLOWSHIPS
OPPORTUNITIES INDUSTRIALIZATION CENTER INC (PHILADELPHIA OIC)
1231 NORTH BROAD STREETPHILADELPHIAPA191224021236296920501(C)(3)$396,274$0N/AN/AFELLOWSHIPS
PORTLAND OPPORTUNITIES INDUSTRIALIZATION CENTER INC
717 NORTH KILLINGSWORTH COURTPORTLANDOR972172335930593858501(C)(3)$285,567$0N/AN/AFELLOWSHIPS
SUMMIT ACADEMY OIC
935 OLSON MEMORIAL HIGHWAYMINNEAPOLISMN554051359410908458501(C)(3)$205,822$0N/AN/AFELLOWSHIPS
OPPORTUNITIES INDUSTRIALIZATION CENTER OF OKLAHOMA COUNTY INC
3033 NORTH WALNUT BUILDING EASTOKLAHOMA CITYOK731052832730753216501(C)(3)$188,066$0N/AN/AFELLOWSHIPS
OPPORTUNITIES INDUSTRIALIZATION CENTER OF OUACHITA
PO BOX 4255MONROELA712114255720801911501(C)(3)$130,279$0N/AN/AFELLOWSHIPS
OPPORTUNITIES INDUSTRIALIZATION CENTER OF NEW BRITAIN INC
114 NORTH STREETNEW BRITAINCT060511918060876897501(C)(3)$102,425$0N/AN/AFELLOWSHIPS
JEVS HUMAN SERVICES
1845 WALNUT STREETPHILADELPHIAPA191034708231352118501(C)(3)$53,054$0N/AN/AFELLOWSHIPS
FieldValueIRS element (for citing)
Total501c3 Org11Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationSUBRECIPIENTS ARE REQUIRED TO SUBMIT MONTHLY REPORTS TO THE ORGANIZATION. YEARLY REVIEWS TAKE PLACE AND INCLUDE BOTH ON-SITE FIELD VISITS AND DESK REVIEWS. THE REVIEWS ARE GUIDED BY THE ORGANIZATION'S POLICIES AND PROCEDURES, AS WELL AS THE CONTRACT GUIDANCE OF THE U.S. DEPARTMENT OF LABOR. THE REVIEW IS BOTH A COMPLIANCE REVIEW AND A FISCAL REVIEW. MONITORING REPORTS ARE WRITTEN AS A RESULT OF THE ON-SITE FIELD VISITS AND/OR DESK REVIEWS. FINDINGS ARE DISCUSSED WITH THE SUBRECIPIENTS, AND CORRECTIVE ACTION PLANS ARE DISCUSSED AND MONITORED FOR CLOSURE.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
First Class Or Charter TravelYes (X)FirstClassOrCharterTravelInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonLOUIS J KING IIPersonNm
TitlePRESIDENT AND C.E.O.TitleTxt
Base Compensation Filing Org$255,277BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$10,887DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$2,026NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$268,190TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 1AFormAndLineReferenceDesc
ExplanationAIR TRAVEL WAS PROVIDED TO THE PRESIDENT AND CHIEF EXECUTIVE OFFICER.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BBEFORE THE FILING OF FORM 990, COPIES ARE SENT TO EACH OF THE BOARD MEMBERS FOR THEIR REVIEW AND APPROVAL.
FORM 990, PART VI, SECTION B, LINE 12CTHE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY, WHICH IS ISSUED TO ALL BOARD MEMBERS, THE PRESIDENT AND CHIEF EXECUTIVE OFFICER, AND KEY EMPLOYEES, WHO ARE REQUIRED TO READ AND UNDERSTAND THE POLICY, AS WELL AS TO SIGN TO ACKNOWLEDGE RECIEPT AND DISCLOSURE THEREON. THE BOARD CHAIR REVIEWS FOR ANY EXCEPTIONS. THE POLICY IS UPDATED AND DISTRIBUTED ANNUALLY TO BOARD MEMBERS, OFFICERS, AND EMPLOYEES.
FORM 990, PART VI, SECTION B, LINE 15OPEN POSITIONS ARE POSTED, AND CANDIDATES ARE INTERVIEWED. THE EXECUTIVE COMMITTEE, AFTER INTERVIEWING THE CANDIDATES AND REVIEWING THE BUDGET, SELECTS THE CANDIDATE OF CHOICE AND MAKES THE RECOMMENDATION TO THE FULL BOARD. AN OFFER IS MADE BASED ON THE BUDGET AND A DETERMINATION BY THE PRESIDENT AND CHIEF EXECUTIVE OFFICER.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

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