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← OPPORTUNITIES INDUSTRIALIZATION CENTER INCORPORATED OF OUACHITA

Form 990 for tax year 2022

Filed by OPPORTUNITIES INDUSTRIALIZATION CENTER INCORPORATED OF OUACHITA.

Totals

Total revenue
$637,699
Total expenses
$637,699
Contributions and grants received
$637,699
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$254,949
Total liabilities, end of year
$205,763
Net assets or fund balances, end of year
$49,186
Program services expenses (Part IX)
$263,997
Management and general expenses
$373,702
Fundraising expenses
$0
Program service expenses (Part III)
$263,997

Program services were 41.4% 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.

  • 1e · Government grants (contributions)

    $487,740

  • 1f · All other contributions, gifts and grants

    $149,959

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $331,997 · program services $151,286 · management and general $180,711

  • 10 · Payroll taxes

    total $47,924 · program services $15,310 · management and general $32,614

  • 12 · Advertising and promotion

    total $444 · management and general $444

  • 13 · Office expenses

    total $4,118 · program services $2,017 · management and general $2,101

  • 17 · Travel

    total $11,909 · management and general $11,909

  • 20 · Interest

    total $1,964 · management and general $1,964

  • 22 · Depreciation, depletion and amortization

    total $2,167 · program services $1,062 · management and general $1,105

  • 23 · Insurance

    total $6,202 · program services $3,039 · management and general $3,163

  • 24a · Other expenses: Bank Service Charge

    total $273 · management and general $273

  • 24b · Other expenses: Custodial

    total $649 · program services $318 · management and general $331

  • 24c · Other expenses: Dues and Subscriptions

    total $1,500 · management and general $1,500

  • 24d · Other expenses: Equipment Purchase

    total $2,573 · management and general $2,573

  • 24e · All other expenses

    total $225,979 · program services $90,965 · management and general $135,014

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $32,739 · end of year $7,750

  • 3 · Pledges and grants receivable

    beginning of year $67,610 · end of year $175,489

  • 4 · Accounts receivable

    beginning of year $1,462 · end of year $4,364

  • 10a · Land, buildings and equipment: cost or other basis

    $266,635

  • 10b · Land, buildings and equipment: accumulated depreciation

    $199,869

  • 10c · Land, buildings and equipment, net

    beginning of year $68,933 · end of year $66,766

  • 15 · Other assets

    beginning of year $580 · end of year $580

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,983 · end of year $87,396

  • 19 · Deferred revenue

    beginning of year $115,970 · end of year $118,367

  • 27 · Net assets without donor restrictions

    beginning of year $43,371 · end of year $49,186

Mission and programs · 2022

Mission

To provide educational job skills training in a classroom environment.

  • The SOAR Fund is used to account for a grant from the Department of Labor to fund a program which is an established community-based re-entry program that offers workforce development, $12 an-hour paid work experience, and wraparound social services in high-poverty, high-crime areas across the US, funded by the Department of Labor. The SOAR Programs mission is to reduce the recidivism rate of juveniles ages 15 to 18 years of age to build stronger and safer communities.

    Expenses $90,765

  • General Fund-All assets over which the board of directors has discretionarycontro have been included in the general fund.

    Expenses $66,651

  • The WIB Fund is to account for a grant from United States Department of Labor under the Workforce Investment Act Passed through the Ouachita Parish Police Jury. The funds are used for the purpose of providing job training to welfare recipients to facilitate the transition into the workforce.

    Expenses $54,488

  • United Way-Clients served 71 provided training in the area of clerk-secretary o telemetry, computer skills, certified nursing assistant, ward job finding and pre-entry/pre-employmentabiity training.

    Expenses $24,508

  • The MHA Fund is used to account for a grant from the Monroe Housing Authority. The grant provides funding for an after-scholl program.

    Expenses $16,555

  • The State Treasury Fund is used to account for a state grant from Louisiana Community College. It provides funding for the provision of services in professional development training (pre-employability skills), high school secondary education tests literacy elevation, job skills, counseling, job search and placement assistance for low to moderate income clients who are disadvantaged, unemployed, and/or underemployed.

    Expenses $11,030

As filed on the 2022 return.

Listed in Part VII

  • William Smith

    Executive Director

    Total calculated
    $52,350
    From this org
    $52,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Sonya Elmore

    Bookkeeper

    Total calculated
    $41,434
    From this org
    $41,434
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Rose Lee

    Board Member

    Total calculated
    $0
    Hours/week
    0
  • Bernard Menyweather

    Board Member

    Total calculated
    $0
    Hours/week
    0
  • Juanita Rambo-Heard

    Board Secretary

    Total calculated
    $0
    Hours/week
    0
  • Teresa Dickerson

    Vice-Chair

    Total calculated
    $0
    Hours/week
    0
  • Jamie Mayo

    Chairman

    Total calculated
    $0
    Hours/week
    0
  • LaQuita Danna

    Public Relations Chairwoman

    Total calculated
    $0
    Hours/week
    0
  • Wilson W Wilson

    Building Committee Chairman

    Total calculated
    $0
    Hours/week
    0
  • Larry Jefferson

    Personnel Chairman

    Total calculated
    $0
    Hours/week
    0

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
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202421279349301597

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