Overview
What is Industrial Opportunities Inc?
Industrial Opportunities Inc, located in Kahoka, Missouri, is a dedicated nonprofit organization with a mission to empower mentally and physically handicapped individuals. Their primary focus is to operate a sheltered workshop, providing a rehabilitation and educational platform. The organization, committed to eliminating prejudice and discrimination, employs only mentally and physically handicapped individuals for its operations, excluding the staff. With a workforce of 44 individuals, Industrial Opportunities Inc serves as a beacon of inclusion and skill development for its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star rating.
Industrial Opportunities Inc has received a solid Three-Star rating, indicating a commendable level of accountability and financial health. The charity scored 86% overall, with the score derived entirely from its Accountability & Finance metrics. The high marks reflect the organization’s strong governance practices, including 100% independent board members and a robust financial oversight structure.
Significantly, the nonprofit demonstrates effective management of its resources, with a program expense ratio of 90.71%, meaning the majority of its funds are directed toward its mission. Additionally, the organization has a low liabilities-to-assets ratio of 6.56%, indicating a strong financial position that minimizes fiscal risk.
While the ratings suggest a well-managed organization, it's worth noting that the score is based solely on the accountability and finance beacon. Prospective donors and stakeholders may want to consider additional factors such as program impact and community feedback to fully assess the organization's effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Industrial Opportunities Inc legitimate?
Industrial Opportunities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Industrial Opportunities 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: $202,998
For more financial information, click here
What is the mission statement of Industrial Opportunities Inc?
Industrial Opportunities Inc's mission is centered around establishing, managing, and administering a sheltered workshop. The primary objective of this workshop is to provide rehabilitation and education for individuals with mental and physical disabilities. Furthermore, the organization strives to combat prejudice and discrimination towards these individuals. In line with this mission, Industrial Opportunities Inc exclusively employs mentally and physically handicapped individuals, excluding the staff.
Who is the CEO of Industrial Opportunities Inc?
Ralph Plenge Jr is the Vice Preside of Industrial Opportunities Inc.
What is the revenue of Industrial Opportunities Inc?
Industrial Opportunities Inc's revenue in 2022 was $466,809.
Who are the executives of Industrial Opportunities Inc and what are their salaries?
The average compensation at Industrial Opportunities Inc during 2022 was $4,614. There are 44 employees and 5 volunteers at Industrial Opportunities Inc.
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Where can I find the form 990 for Industrial Opportunities Inc?
Industrial Opportunities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Industrial Opportunities Inc
Industrial Opportunities Inc, as a mission-driven organization, is dedicated to establishing, operating, and administering a sheltered workshop. Its primary objective is to rehabilitate and educate individuals who are mentally and physically handicapped. The organization's unique approach involves employment solely for these individuals, aiming to eliminate prejudice and discrimination against them. By prioritizing employment for handicapped individuals, Industrial Opportunities Inc seeks to foster an inclusive environment where everyone can contribute and thrive.
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Impact
July, 2024
Industrial Opportunities Inc has a significant impact on the community by providing a sheltered workshop exclusively for the rehabilitation and education of mentally and physically handicapped individuals. By employing only mentally and physically handicapped persons, the organization actively works towards eliminating prejudice and discrimination in the workplace. Through its mission to offer employment opportunities and support for individuals with disabilities, Industrial Opportunities Inc contributes to the empowerment and inclusion of this often marginalized population.
This information is meant to be a general summary of Industrial Opportunities 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.
- Investment Income: $232
- Program Service Revenue: $348,955
- Gross Receipts: $466,809
Assets and Liabilities:
- Total Assets: $357,796
- Total Liabilities: $13,983
- Net Assets: $343,813
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES
Revenue
$348,955
Organization Details
Founding Year
1968
Phone
(660) 727-2515Principal Officer
Ralph Plenge Jr
Main Address
510 NORTH VINE ST, KAHOKA, MO, 63445
NTEE Category
Code: J30Z - Employment
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