Form 990 for tax year 2024
Filed by OPPORTUNITIES INDUSTRIALIZATION CENTER OF NEW BRITAIN INC.
Totals
- Total revenue
- $1,267,076
- Total expenses
- $1,262,329
- Contributions and grants received
- $1,211,812
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $55,264
- Total assets, end of year
- $458,023
- Total liabilities, end of year
- $441,267
- Net assets or fund balances, end of year
- $16,756
- Program services expenses (Part IX)
- $1,120,278
- Management and general expenses
- $140,711
- Fundraising expenses
- $1,340
- Program service expenses (Part III)
- $1,120,278
Program services were 88.7% 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)
$1,198,495
-
1f · All other contributions, gifts and grants
$13,317
-
8a · Fundraising events: gross income
$55,264
-
8c · Net income from fundraising events
total $55,264
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 $112,493 · program services $84,370 · management and general $28,123
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $530,243 · program services $466,484 · management and general $63,759
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $86,272 · program services $73,935 · management and general $12,337
-
10 · Payroll taxes
total $48,045 · program services $41,175 · management and general $6,870
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $8,400 · management and general $8,400
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $8,164 · management and general $8,164
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $23,288 · program services $11,042 · management and general $10,906 · fundraising $1,340
-
14 · Information technology
total $9,235 · program services $9,235
-
15 · Royalties
total $0
-
16 · Occupancy
total $57,544 · program services $57,544
-
17 · Travel
total $10,532 · program services $10,532
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $8,606 · program services $6,454 · management and general $2,152
-
24a · Other expenses: CONSULTING AND CONTRACTUAL SERVICES
total $90,231 · program services $90,231
-
24b · Other expenses: STUDENT INCENTIVES
total $114,792 · program services $114,792
-
24c · Other expenses: EQUIPMENT RENTAL, REPAIRS, AND MAINT
total $86,802 · program services $86,802
-
24d · Other expenses: COMMUNITY SUPPORT
total $6,293 · program services $6,293
-
24e · All other expenses
total $61,389 · program services $61,389
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $92,421 · end of year $84,586
-
3 · Pledges and grants receivable
beginning of year $51,069 · end of year $104,775
-
9 · Prepaid expenses and deferred charges
beginning of year $2,000 · end of year $2,000
-
10a · Land, buildings and equipment: cost or other basis
$14,785
-
10b · Land, buildings and equipment: accumulated depreciation
$14,785
-
15 · Other assets
beginning of year $305,685 · end of year $266,662
-
17 · Accounts payable and accrued expenses
beginning of year $40,692 · end of year $60,985
-
19 · Deferred revenue
beginning of year $63,969 · end of year $75,552
-
25 · Other liabilities
beginning of year $334,505 · end of year $304,730
-
27 · Net assets without donor restrictions
beginning of year $12,009 · end of year $16,756
Mission and programs · 2024
Mission
OUR MISSION IS TO HELP PEOPLE TO HELP THEMSELVES BY CONTRIBUTING TO THE MORE EFFICIENT FUNCTIONING OF TODAYS LABOR MARKET BY PROVIDING HIGH QUALITY EMPLOYMENT AND TRAINING.
Activities or mission (Part I)
TO HELP PEOPLE TO HELP THEMSELVES BY CONTRIBUTING TO THE MORE EFFICIENT FUNCTIONING OF TODAYS LABOR MARKET BY PROVIDING HIGH QUALITY EMPLOYMENT AND TRAINING.
-
OPPORTUNITIES INDUSTRIALIZATION CENTER OF NEW BRITAIN INC. OICNB IS THE OLDEST EMPLOYMENT AND TRAINING PROGRAM IN NEW BRITAIN, CT AND HAS BEEN PROVIDING TRAINING TO THE COMMUNITY FOR OVER 53 YEARS. OUR MISSION IS TO HELP PEOPLE TO HELP THEMSELVES BY CONTRIBUTING TO THE MORE EFFICIENT FUNCTIONING OF TODAYS LABOR MARKET BY PROVIDING HIGH QUALITY EMPLOYMENT AND TRAINING. OICNB HAS SERVED OVER 350 YOUTH AND YOUNG ADULTS. OICNB PREPARES THE FUTURE WORKFORCE AND ASSISTS YOUNG PEOPLE WITH A CAREER PATHWAY.
Expenses $1,120,278
As filed on the 2024 return.
Listed in Part VII
-
Fox PauletteFOX PAULETTE
EXECUTIVE DIRECTOR
- Total calculated
- $112,493
- From this org
- $112,493
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Barsaleau JaredBARSALEAU JARED
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Brown BomaniBROWN BOMANI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Collins Toni LynnCOLLINS TONI LYNN
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Countryman-Bey TashiCOUNTRYMAN-BEY TASHI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Escobedo MarlenESCOBEDO MARLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Godfrey ChristopherGODFREY CHRISTOPHER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Hernandez JessicaHERNANDEZ JESSICA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Irrizarry JosueIRRIZARRY JOSUE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kaczmarczyk NicoleKACZMARCZYK NICOLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Meehan ChristinaMEEHAN CHRISTINA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Milligan RyanMILLIGAN RYAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Perez ArnaldoPEREZ ARNALDO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Aldi-Quaresima RoxanneALDI-QUARESIMA ROXANNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rodriguez IzeihaRODRIGUEZ IZEIHA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rodriguez MayraRODRIGUEZ MAYRA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Sanders Dr NicoleSANDERS DR NICOLE
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Tomasso WilliamTOMASSO WILLIAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Wiley TyshaundaWILEY TYSHAUNDA
VICE-PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Wilkins Dr Allen BWILKINS DR ALLEN B
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
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
- 14 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202521349349309027
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