Form 990 for tax year 2024
Filed by OPPORTUNITIES INDUSTRIALIZATION CENTER OF AMERICA INC.
Totals
- Total revenue
- $8,221,164
- Total expenses
- $12,604,492
- Contributions and grants received
- $3,382,366
- Grants paid
- $0
- Program service revenue
- $4,692,346
- Investment income
- $113,534
- Other revenue
- $32,918
- Total assets, end of year
- $9,237,405
- Total liabilities, end of year
- $3,879,062
- Net assets or fund balances, end of year
- $5,358,343
- Program services expenses (Part IX)
- $11,401,048
- Management and general expenses
- $1,203,444
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $11,401,048
Program services were 90.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$61,630
-
1f · All other contributions, gifts and grants
$3,320,736
-
2a · Program service revenue: GOVERNMENT CONTRACTS
total $4,692,346 · related or exempt $4,692,346
-
3 · Investment income
total $118,343 · excluded $118,343
-
7b · Less cost or other basis and sales expenses
other assets $4,809
-
7c · Gain or loss
other assets -$4,809
-
7d · Net gain or loss
total -$4,809 · excluded -$4,809
-
11d · All other revenue
total $32,918 · related or exempt $32,918
-
11e · Other revenue, total
$32,918
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $3,794,592 · program services $2,904,217 · management and general $890,375
-
8 · Pension plan contributions
total $153,118 · program services $129,354 · management and general $23,764
-
9 · Other employee benefits
total $422,645 · program services $357,050 · management and general $65,595
-
10 · Payroll taxes
total $345,987 · program services $292,290 · management and general $53,697
-
11b · Fees: legal
total $39,694 · program services $38,381 · management and general $1,313
-
11g · Fees: other
total $1,667,361 · program services $1,612,242 · management and general $55,119
-
12 · Advertising and promotion
total $42,188 · program services $42,188
-
13 · Office expenses
total $237,718 · program services $231,918 · management and general $5,800
-
14 · Information technology
total $140,766 · program services $136,353 · management and general $4,413
-
16 · Occupancy
total $214,992 · program services $191,384 · management and general $23,608
-
19 · Conferences, conventions and meetings
total $788,583 · program services $713,935 · management and general $74,648
-
23 · Insurance
total $29,679 · program services $27,181 · management and general $2,498
-
24a · Other expenses: GRANTS TO AFFILIATES
total $4,712,158 · program services $4,712,158
-
24b · Other expenses: EQUIPMENT RENTAL
total $15,011 · program services $12,397 · management and general $2,614
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,241,079 · end of year $948,643
-
2 · Savings and temporary cash investments
beginning of year $685,301 · end of year $691,818
-
3 · Pledges and grants receivable
beginning of year $5,369,094 · end of year $2,639,039
-
9 · Prepaid expenses and deferred charges
beginning of year $49,000 · end of year $14,147
-
10a · Land, buildings and equipment: cost or other basis
$298,463
-
10b · Land, buildings and equipment: accumulated depreciation
$298,463
-
10c · Land, buildings and equipment, net
beginning of year $4,810 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $4,222,620 · end of year $3,078,788
-
15 · Other assets
beginning of year $2,274,663 · end of year $1,864,970
-
17 · Accounts payable and accrued expenses
beginning of year $873,497 · end of year $326,050
-
18 · Grants payable
beginning of year $834,910 · end of year $1,610,285
-
19 · Deferred revenue
beginning of year $61,075 · end of year $0
-
25 · Other liabilities
beginning of year $2,335,414 · end of year $1,942,727
-
27 · Net assets without donor restrictions
beginning of year $1,014,666 · end of year $5,358,343
-
28 · Net assets with donor restrictions
beginning of year $8,727,005 · end of year $0
Mission and programs · 2024
Mission
TO 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 SOCIETY
-
TRAINING 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 SOCIETY
Expenses $11,401,048 · Revenue $4,725,264
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
James TaltonJAMES TALTON
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jacinda AdamsJACINDA ADAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nichole Barnes-MarshallNICHOLE BARNES-MARSHALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Reuben BlackwellREUBEN BLACKWELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joyce ChesterJOYCE CHESTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Greg CunninghamGREG CUNNINGHAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William DiggsWILLIAM DIGGS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Allison Green-JohnsonALLISON GREEN-JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ronald HarperRONALD HARPER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John HoweJOHN HOWE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dimitrius HutchersonDIMITRIUS HUTCHERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Pierce KeatingPIERCE KEATING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joe McFerrin IIJOE MCFERRIN II
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Delores SheltonDELORES SHELTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paul SweenPAUL SWEEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Herman WalkerDR HERMAN WALKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rev Alyn WallerREV ALYN WALLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Linda WhiteLINDA WHITE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Keith WycheKEITH WYCHE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Louis J King IILOUIS J KING II
PRESIDENT AND C.E.O.
- Total calculated
- $0
- Hours/week
- 37.5
-
Steven ThomasSTEVEN THOMAS
CHIEF OF STAFF
- Total calculated
- $0
- Hours/week
- 37.5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202601359349310855
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.