Form 990 for tax year 2022
Filed by OPPORTUNITIES INDUSTRIALIZATION CENTER OF OKLAHOMA COUNTY INC.
Totals
- Total revenue
- $1,059,301
- Total expenses
- $1,132,553
- Contributions and grants received
- $279,990
- Grants paid
- $0
- Program service revenue
- $754,212
- Investment income
- $16,399
- Other revenue
- $8,700
- Total assets, end of year
- $524,608
- Total liabilities, end of year
- $160,055
- Net assets or fund balances, end of year
- $364,553
- Program services expenses (Part IX)
- $1,086,672
- Management and general expenses
- $44,396
- Fundraising expenses
- $1,485
- Program service expenses (Part III)
- $1,086,672
Program services were 95.9% 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.
-
1c · Fundraising events
$26,745
-
1f · All other contributions, gifts and grants
$253,245
-
2a · Program service revenue: TANF Funding
total $99,082 · related or exempt $99,082
-
2b · Program service revenue: State of Oklahoma Career Tech
total $287,325 · related or exempt $287,325
-
2c · Program service revenue: Community Literacy
total $9,600 · related or exempt $9,600
-
2d · Program service revenue: SOAR
total $131,246 · related or exempt $131,246
-
2e · Program service revenue: State Dept of Health
total $185,314 · related or exempt $185,314
-
2f · All other program service revenue
total $41,645 · related or exempt $41,645
-
3 · Investment income
total $16,399 · related or exempt $16,399
-
8a · Fundraising events: contributions included on line 1c
$26,745
-
11a · Other revenue: Miscellaneous
total $8,700 · related or exempt $8,700
-
11e · Other revenue, total
$8,700
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $66,406 · program services $53,406 · management and general $12,000 · fundraising $1,000
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $663,315 · program services $663,315
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $9,532 · program services $8,622 · management and general $840 · fundraising $70
-
10 · Payroll taxes
total $55,211 · program services $54,216 · management and general $918 · fundraising $77
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $1,589 · program services $969 · management and general $620
-
13 · Office expenses
total $8,415 · program services $7,712 · management and general $703
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $26,100 · program services $23,190 · management and general $2,910
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $12,795 · management and general $12,795
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $46,525 · program services $45,296 · management and general $1,229
-
24a · Other expenses: Supportive Services
total $14,305 · program services $14,305
-
24b · Other expenses: Training Supplies
total $14,836 · program services $14,836
-
24c · Other expenses: Equipment / Facility Maintenance
total $22,630 · program services $16,411 · management and general $6,219
-
24d · Other expenses: Business Academy
total $43,098 · program services $43,098
-
24e · All other expenses
total $147,796 · program services $141,296 · management and general $6,162 · fundraising $338
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $218,100 · end of year $151,093
-
2 · Savings and temporary cash investments
beginning of year $168,808 · end of year $119,721
-
4 · Accounts receivable
beginning of year $108,116 · end of year $99,097
-
12 · Investments: other securities
beginning of year $148,305 · end of year $154,697
-
17 · Accounts payable and accrued expenses
beginning of year $71,649 · end of year $21,968
-
25 · Other liabilities
beginning of year $133,875 · end of year $138,087
-
27 · Net assets without donor restrictions
beginning of year $130,165 · end of year $126,795
-
28 · Net assets with donor restrictions
beginning of year $307,640 · end of year $237,758
Mission and programs · 2022
Mission
The mission of OIC of Oklahoma County, Inc. is to inspire and motivate adult learners through academic and career education.
-
During the fiscal year of 2023, OIC of Oklahoma County, Inc. recruited and provided intake services to adult learners, performed literacy assessments, and provided educational/other programs to their students. The organization also served as a testing center for individuals taking their HISET examination. The organization provided its programs through classroom programs, on-line classes and evening programs.
Expenses $1,086,672
As filed on the 2022 return.
Listed in Part VII
-
Grady Wood
Chairman of the Board
- Total calculated
- $0
-
Joel Pendarvis
Vice Chairman
- Total calculated
- $0
-
Helen Rambo
Treasurer
- Total calculated
- $0
-
Riz White
Secretary
- Total calculated
- $0
-
Tammy Frazier
Board Member
- Total calculated
- $0
-
Larry Hess
Board Member
- Total calculated
- $0
-
Florita Pope
Board Member
- Total calculated
- $0
-
Kolin Tribble
Board Member
- Total calculated
- $0
-
Michael Whitfield
Board Member
- Total calculated
- $0
-
Kathy Winslow
Board Member
- Total calculated
- $0
-
DesJean Jones
Executive Director
- Total calculated
- $0
- Hours/week
- 40 + 40 related
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
- 22 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421439349300147
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