Overview
What is Opportunities Industrialization Center Of New Britain Inc?
Opportunities Industrialization Center of New Britain Inc. is a nonprofit organization situated in New Britain, Connecticut, specifically at 114 North Street. Their primary mission revolves around providing employment skills training to economically disadvantaged individuals, thereby empowering them to improve their lives. The organization offers a variety of programs, including tiered training courses, after-school and enrichment programs, and initiatives such as MMUW Sullivan Academy, Healthy Living, Impact, Men of Many Colors, Violence Prevention Program, and middle school programming for middle and high school youth. In addition to employment skills training, they also cater to the educational needs of youth through their diverse programs. The organization employs a dedicated workforce of 103 individuals, contributing positively to the community.
Official website here: www.newbritainoic.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Opportunities Industrialization Center Of New Britain Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in certain areas. The organization scored 62% overall, reflecting a solid commitment to accountability and finance, with notable strengths like an independent board and policies regarding conflict of interest and document retention. However, the absence of a whistleblower policy and the lack of transparency regarding the posting of their tax form on their website raise concerns.
The organization demonstrates a strong program expense ratio of 88.59%, suggesting that a significant portion of its resources is dedicated to its mission-driven activities. This is a positive aspect, indicating effective allocation of funds towards programs. Nevertheless, the liabilities to assets ratio is concerning at 71.93%, which could indicate potential financial instability or greater reliance on liabilities than is deemed healthy for sustainability.
Overall, while Opportunities Industrialization Center Of New Britain Inc shows strengths in governance and program spending, it faces challenges that could affect its long-term viability and public trust, particularly in transparency and financial management. Addressing these areas could enhance its performance and reputation in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Opportunities Industrialization Center Of New Britain Inc legitimate?
Opportunities Industrialization Center Of New Britain Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Opportunities Industrialization Center Of New Britain Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $113,484
Professional Fundraising Fees: $0
Other Salaries and Wages: $464,797
For more financial information, click here
Official website here: www.newbritainoic.org
What is the mission statement of Opportunities Industrialization Center Of New Britain Inc?
The Opportunities Industrialization Center of New Britain Inc's primary mission is centered around employment skills and training. This non-profit organization aims to empower individuals by providing them with personal development opportunities. Their programs, such as Tiers I, II, and III, MMUW Sullivan Academy, Healthy Living, IMPACT, Men of Many Colors, Violence Prevention Program, Afterschool, and Middle School programming for middle and high school youth, are designed to equip economically disadvantaged individuals with the necessary employment skills. Additionally, they offer pre-vocational preparation and administration programs, providing training courses and after-school and enrichment programs to approximately 350 individuals.
Official website here: www.newbritainoic.org
Who is the CEO of Opportunities Industrialization Center Of New Britain Inc?
Paulette Fox is the Executive Director of Opportunities Industrialization Center Of New Britain Inc.
Official website here: www.newbritainoic.org
What is the revenue of Opportunities Industrialization Center Of New Britain Inc?
Opportunities Industrialization Center Of New Britain Inc's revenue in 2022 was $1,251,854.
Official website here: www.newbritainoic.org
Who are the executives of Opportunities Industrialization Center Of New Britain Inc and what are their salaries?
The average compensation at Opportunities Industrialization Center Of New Britain Inc during 2022 was $5,614. There are 103 employees at Opportunities Industrialization Center Of New Britain Inc.
Here are 20 key members and their salaries:
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Official website here: www.newbritainoic.org
Where can I find the form 990 for Opportunities Industrialization Center Of New Britain Inc?
Opportunities Industrialization Center Of New Britain Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newbritainoic.org
Learn more at the official website: www.newbritainoic.org
Mission Statement of Opportunities Industrialization Center Of New Britain Inc
Opportunities Industrialization Center of New Britain Inc, often abbreviated as OIC New Britain, is dedicated to empowering individuals to help themselves. Their primary focus lies in employment skills and training. The organization offers a range of programs designed to foster personal development, including Tiers I, II, and III, MMUW Sullivan Academy, Healthy Living, IMPACT, Men of Many Colors, Violence Prevention Program, Afterschool, and Middle School programming for middle and high school youth.
Through these programs, OIC New Britain serves approximately 350 economically disadvantaged individuals. They provide training courses on employment skills, aiming to equip individuals with the necessary tools for securing gainful employment. In addition to vocational preparation, the center also offers afterschool and enrichment programs, ensuring a holistic approach to personal development. The organization's comprehensive approach to education and skill development allows individuals to not only secure employment but also build a sustainable future for themselves.
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Impact
July, 2024
Opportunities Industrialization Center Of New Britain Inc's impact is profound in helping individuals from economically disadvantaged backgrounds to develop and hone their employment skills. By providing personal development and offering training courses on employment skills, OIC New Britain serves approximately 350 individuals each year. The organization's focus on pre-vocational preparation and administration programs helps empower individuals to become self-sufficient and contribute positively to the workforce. Through various programs like MMUW Sullivan Academy, Healthy Living, Impact, Men of Many Colors, violence prevention, afterschool, and middle school programming, OIC New Britain is actively working towards creating opportunities for individuals to thrive and succeed.
This information is meant to be a general summary of Opportunities Industrialization Center Of New Britain Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $1,261,079
Assets and Liabilities:
- Total Assets: $242,426
- Total Liabilities: $202,574
- Net Assets: $39,852
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Organization Details
Founding Year
1972
Phone
(860) 224-7151Principal Officer
Paulette Fox
Main Address
114 NORTH STREET, NEW BRITAIN, CT, 06051
Website
www.newbritainoic.orgNTEE Category
Code: J20 - Employment
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