Overview
What is Waterbury Opportunities Ind Center Inc?
Waterbury Opportunities Ind Center Inc, based in Waterbury, Connecticut, is a nonprofit organization with a mission to enhance employment opportunities for the unemployed, underemployed, and economically disadvantaged individuals. They accomplish this through a variety of programs, including recruitment, skills assessment, counseling, and occupational training. Their initiatives primarily focus on teaching life skills, business, adult basic education, and computer literacy to up to 300 individuals annually. The center's small team of two dedicated employees works tirelessly to help those in need gain the necessary skills and resources to secure employment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
Waterbury Opportunities Ind Center Inc has achieved a strong rating of 90%, indicating a high level of accountability and financial health. The charity's score is derived solely from its accountability and finance metrics, showcasing a commitment to responsible management of resources. The organization boasts a fully independent board, which reflects well on its governance practices.
The nonprofit has demonstrated excellent performance in key areas, such as having no material diversion of assets and maintaining a favorable liabilities to assets ratio of 3.54%. Additionally, a significant portion of its expenses, approximately 81.41%, is devoted to program activities. This suggests that the organization effectively channels its resources towards fulfilling its mission.
However, there is a noted absence of a whistleblower policy, which detracts from the overall governance score. While this is a limitation, the organization's strong independent board and transparency in other areas still position it positively within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Waterbury Opportunities Ind Center Inc legitimate?
Waterbury Opportunities Ind Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waterbury Opportunities Ind Center 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: $38,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $33,298
For more financial information, click here
What is the mission statement of Waterbury Opportunities Ind Center Inc?
Waterbury Opportunities Ind Center Inc's mission is centered around enhancing employment prospects for the unemployed, underemployed, and economically disadvantaged individuals. This is achieved through a range of programs, including recruitment, skills assessment, counseling, and occupational training. They offer courses in various subjects such as life skills, business, adult basic education, and computer literacy to help equip these individuals with the necessary skills for job readiness. The center serves approximately 300 individuals annually, providing them with counseling and job readiness assistance.
Who is the CEO of Waterbury Opportunities Ind Center Inc?
Reginald G Beamon is the Chairman of Waterbury Opportunities Ind Center Inc.
What is the revenue of Waterbury Opportunities Ind Center Inc?
Waterbury Opportunities Ind Center Inc's revenue in 2020 was $134,920.
Who are the executives of Waterbury Opportunities Ind Center Inc and what are their salaries?
The average compensation at Waterbury Opportunities Ind Center Inc during 2020 was $35,649. There are 2 employees and 13 volunteers at Waterbury Opportunities Ind Center Inc.
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Where can I find the form 990 for Waterbury Opportunities Ind Center Inc?
Waterbury Opportunities Ind Center Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Waterbury Opportunities Ind Center Inc
Waterbury Opportunities Inc, a nonprofit organization, is committed to enhancing employment prospects for the unemployed, underemployed, and economically disadvantaged individuals. Their mission is multifaceted, encompassing recruitment, skills assessment, counseling, and occupational training. Through these initiatives, they aim to equip individuals with the necessary tools to secure and sustain employment.
In addition to these core activities, Waterbury Opportunities Inc offers employability-focused courses. These courses cover a range of topics, including life skills, business, adult basic education, and computer literacy. By providing these educational opportunities, they empower their clients to improve their employability and increase their earning potential. Furthermore, Waterbury Opportunities Inc offers counseling and job readiness programs, serving approximately 300 individuals annually. This comprehensive approach to employment assistance ensures that each individual receives the support they need to overcome their unique challenges and achieve their career goals.
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Impact
October, 2024
Waterbury Opportunities Ind Center Inc plays a crucial role in enhancing the economic well-being of individuals facing employment challenges in Waterbury, CT. By providing targeted programs aimed at increasing employment opportunities, the organization addresses the needs of the unemployed, underemployed, and economically disadvantaged.
Through initiatives such as recruiting, skills assessment, and occupational training, they equip approximately 300 individuals each year with essential tools to enter or re-enter the workforce. Their employability courses cover vital life skills, business practices, adult basic education, and computer literacy, ensuring that participants are well-prepared for the demands of the job market.
The center's counseling and job readiness programs further support individuals in navigating their career paths, significantly increasing their chances of securing stable employment. Overall, Waterbury Opportunities Ind Center Inc fosters resilience and self-sufficiency among community members, ultimately contributing to a stronger and more prosperous local economy.
This information is meant to be a general summary of Waterbury Opportunities Ind Center 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 2020.
- Investment Income: $1
- Program Service Revenue: $17,450
- Gross Receipts: $134,920
Assets and Liabilities:
- Total Assets: $1,192,021
- Total Liabilities: $41,704
- Net Assets: $1,150,317
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES/OTHER
Revenue
$17,450
Organization Details
Founding Year
1974
Phone
(203) 756-7987Principal Officer
Reginald G Beamon
Main Address
77-79 BISHOP STREET, WATERBURY, CT, 06704
NTEE Category
Code: J30Z - Employment
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