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Montgomery County Opportunities Industrialization Center Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 236424784 ✦ Norristown, PA ✦ Designated as a 501(c)(3)

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Overview

What is Montgomery County Opportunities Industrialization Center Inc?

Montgomery County Opportunities Industrialization Center Inc, based in Norristown, Pennsylvania, is a dedicated nonprofit organization. Their primary mission is to educate, train, and equip disadvantaged, unemployed, and underemployed individuals in Montgomery County, Pennsylvania. They also offer youth programs and childcare services, focusing on providing the necessary tools and support for these individuals to secure employment. With a team of 39 employees, they strive to empower their community members, ensuring they have the skills required to succeed in the workforce.


Official website here: www.montcooic.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 81% (Three-Star out of Four Star rating)

Montgomery County Opportunities Industrialization Center Inc has received an 81% rating from Charity Navigator, indicating a solid performance in accountability and finance. This score is derived from a comprehensive evaluation of the organization's financial practices and governance, reflecting their strong commitment to transparency and effective management.

The organization boasts a fully independent board, with all eight members meeting the criteria for independence. Additionally, it has a low liabilities-to-assets ratio, demonstrating sound financial health. The charity has also implemented various essential policies, including conflict of interest and whistleblower policies, which further enhance its accountability framework.

However, the rating is solely based on the Accountability & Finance score, suggesting there may be limited information regarding other operational aspects of the organization. While the financial metrics are commendable, stakeholders may seek additional insights into the charity's programs and impact to fully assess its effectiveness.


This AI summary has been generated from information found on Charity Navigator.

Is Montgomery County Opportunities Industrialization Center Inc legitimate?

Montgomery County Opportunities Industrialization Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montgomery County Opportunities Industrialization 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $448,049

For more financial information, click here


Official website here: www.montcooic.org

What is the mission statement of Montgomery County Opportunities Industrialization Center Inc?

Montgomery County Opportunities Industrialization Center Inc's mission is centered around educating and training disadvantaged, unemployed, and underemployed individuals, aiming to help them secure jobs. Additionally, the organization provides child education programs and care as part of its broader mission. Their activities encompass training programs for youth and development initiatives. In essence, Montgomery County Opportunities Industrialization Center Inc seeks to empower these individuals by equipping them with necessary skills and providing essential childcare services.


Official website here: www.montcooic.org

Who is the CEO of Montgomery County Opportunities Industrialization Center Inc?

Benjamin F Gilbert Ii is the Vice Chair of Montgomery County Opportunities Industrialization Center Inc.


Official website here: www.montcooic.org

What is the revenue of Montgomery County Opportunities Industrialization Center Inc?

Montgomery County Opportunities Industrialization Center Inc's revenue in 2022 was $1,067,379.


Official website here: www.montcooic.org

Who are the executives of Montgomery County Opportunities Industrialization Center Inc and what are their salaries?

The average compensation at Montgomery County Opportunities Industrialization Center Inc during 2022 was $11,488. There are 39 employees at Montgomery County Opportunities Industrialization Center Inc.


Here are 6 key members and their salaries:


Marcella Blakney Collins (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Iva Johnson Ferrell Esq (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Benjamin F Gilbert Ii (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Magnus (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darnell Turner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicole A Walker (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.montcooic.org

Where can I find the form 990 for Montgomery County Opportunities Industrialization Center Inc?

Montgomery County Opportunities Industrialization Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.montcooic.org

Learn more at the official website: www.montcooic.org

Mission Statement of Montgomery County Opportunities Industrialization Center Inc

Montgomery County Opportunities Industrialization Center Inc, or MCOICC, is dedicated to serving disadvantaged, unemployed, and underemployed individuals in Montgomery County, Pennsylvania. Their mission is twofold: firstly, they aim to provide education and training to help these individuals secure stable employment. Secondly, MCOICC offers child education programs and care to support their families during this transformative period. By offering comprehensive education and training, as well as youth programs and development, MCOICC empowers individuals to overcome barriers and build a better future for themselves and their families.

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Impact




October, 2024

Montgomery County Opportunities Industrialization Center Inc (MCOIC) has a significant impact on the community by providing essential education and training to disadvantaged, unemployed, and underemployed individuals. Focused on fostering economic growth in Montgomery County, PA, MCOIC empowers individuals through skill development programs designed to enhance employability and facilitate job placements.

Their initiatives also extend to youth programs that promote personal and professional growth, ensuring the younger generation is equipped with the necessary skills to thrive in the workforce. Additionally, MCOIC offers childcare education programs, reinforcing their commitment to supporting families while providing essential training services. Overall, MCOIC plays a crucial role in transforming lives and strengthening the local economy by creating pathways to stable employment and developmental opportunities.




This information is meant to be a general summary of Montgomery County Opportunities Industrialization 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.

Revenue
$1,067,379 (2022)
Expenses
$888,782 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $956,107
  • Gross Receipts: $1,067,379

Assets and Liabilities:

  • Total Assets: $1,306,645
  • Total Liabilities: $171,580
  • Net Assets: $1,135,065

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CHILDREN/YOUTH PROGRAMS

Revenue

$880,024

TUITION

Revenue

$76,083

Organization Details

Founding Year

1966

Principal Officer

Benjamin F Gilbert Ii

Main Address

1101 ARCH STREET, NORRISTOWN, PA, 19401

NTEE Category

Code: J30Z - Employment

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