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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