Overview
What is Oai Inc?
Oai Inc, headquartered in Chicago, Illinois, is a dedicated nonprofit organization that has been serving the Chicago metropolitan area for over two decades. Their primary mission is to foster a community where everyone, particularly those with significant employment barriers, has access to education, training, and sustainable careers. They specialize in offering direct career services to underserved populations in the Chicago Southland region. This includes low-income residents, at-risk youth, Empowerment Zone residents, displaced workers, and individuals below the poverty line. Oai Inc achieves this through alliances with local communities, service providers, and employers. They provide technical training and internships, ensuring their students secure and maintain employment for at least a year. Their activities align with the goal of equipping people with skills that lead to safe, meaningful employment, thereby contributing to the overall prosperity of companies and communities.
Official website here: www.oaiinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 100%
Oai Inc has received a perfect score of 100%, earning a Four-Star out of Four Star rating from Charity Navigator, which highlights its strong performance in accountability and finance. This rating indicates that the organization effectively maintains transparency and meets high standards for financial management.
The charity excels in several key areas, such as having a fully independent board and a comprehensive set of policies that promote accountability, including conflict of interest and whistleblower policies. It has demonstrated robust financial health with a low liabilities-to-assets ratio and a high percentage of its expenses directed toward programs, signifying a commitment to its mission.
However, while the financial metrics are commendable, the data provided does not detail specific programmatic impacts or community feedback. Potential donors might seek additional insight into the effectiveness of Oai Inc's programs and how their support directly influences the communities served.
This AI summary has been generated from information found on Charity Navigator.
Is Oai Inc legitimate?
Oai Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oai 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: $336,872
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,747,659
For more financial information, click here
Official website here: www.oaiinc.org
What is the mission statement of Oai Inc?
Oai Inc's mission is centered around providing skills training that leads to safe and meaningful employment. The organization aims to create a community where individuals with barriers to employment can access education, training, and work opportunities, enabling them to live secure and fulfilling lives. Oai Inc serves a diverse clientele, including those transitioning from welfare to work, at-risk youth, displaced workers, and individuals below the poverty line. Annually, the organization assists around 3,500 clients in their journey towards sustainable employment.
Official website here: www.oaiinc.org
Who is the CEO of Oai Inc?
Amanda Allen is the Treasurer of Oai Inc.
Official website here: www.oaiinc.org
What is the revenue of Oai Inc?
Oai Inc's revenue in 2023 was $5,831,307.
Official website here: www.oaiinc.org
Who are the executives of Oai Inc and what are their salaries?
The average compensation at Oai Inc during 2023 was $52,113. There are 40 employees and 12 volunteers at Oai Inc.
Here are 10 key members and their salaries:
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- Compensation: $107,589
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- Other: $20,748
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- Compensation: $89,387
- Related: $0
- Other: $12,034
- Compensation: $100,453
- Related: $0
- Other: $25,172
Official website here: www.oaiinc.org
Where can I find the form 990 for Oai Inc?
Oai Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.oaiinc.org
Learn more at the official website: www.oaiinc.org
Mission Statement of Oai Inc
Oai Inc, a nonprofit organization with over 25 years of experience in the Chicago metropolitan area, is committed to creating a community environment that empowers individuals to access education, training, employment, and housing. With a mission deeply rooted in fostering a sense of community, Oai Inc aims to help people who face significant barriers to obtaining and retaining meaningful employment.
The organization serves a diverse clientele, including individuals transitioning from welfare to work, at-risk youth, Empowerment Zone residents, displaced workers, and anyone earning below the poverty line. With a client base of approximately 3,500 individuals annually, Oai Inc is dedicated to providing the necessary resources and support for these individuals to sustain and enjoy safe, secure, and fulfilling lives. Through its comprehensive workforce development programs, Oai Inc aims to break down the barriers that hinder individuals from reaching their full potential and contributing positively to their communities.
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Impact
October, 2024
Oai Inc significantly impacts the Chicago Southland region by providing vital skills training and employment services for underserved populations, ultimately fostering community growth and resilience. With over 25 years of experience in workforce development, Oai Inc equips around 3,500 clients annually, helping individuals break the cycle of poverty and secure meaningful employment.
By engaging with local communities and forming alliances with service providers and employers, Oai Inc recruits low-income residents for technical training and internships. This hands-on approach not only prepares clients for sustainable careers but also supports their retention in these positions for at least one year, ensuring that the benefits of training extend beyond education.
Oai Inc’s mission to create an inclusive community environment enables individuals from various backgrounds—such as welfare recipients, at-risk youth, and displaced workers—to access the education and resources necessary to achieve fulfilling lives. The organization plays a critical role in transforming the workforce landscape in the Chicago metropolitan area, promoting economic stability and enhancing the collective wellbeing of communities it serves.
This information is meant to be a general summary of Oai 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 2023.
- Investment Income: $1,724
- Program Service Revenue: $14,100
- Gross Receipts: $5,831,307
Assets and Liabilities:
- Total Assets: $2,916,035
- Total Liabilities: $1,452,234
- Net Assets: $1,463,801
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fee for service
Revenue
$14,100
Organization Details
Founding Year
2000
Phone
(312) 528-3500Principal Officer
Amanda Allen
Main Address
180 N Wabash Avenue 750, Chicago, IL, 60601
Website
www.oaiinc.orgNTEE Category
Code: J20 - Employment
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