Overview
What is Opportunities Industrialization Center Washington Dc?
Opportunities Industrialization Center Washington D.C. (OIC/DC) is a nonprofit organization situated at 3707 Martin Luther King Avenue SE, Washington, D.C. 20032. Their primary mission involves offering job skills training programs and related services to both adults and youths, with the aim of helping them acquire necessary skills and access to employment opportunities. In 2020, OIC/DC successfully placed 60 individuals in jobs, averaging an hourly salary of $14. This employment resulted in a combined annual income of $1,747,200, contributing $209,640 in city and federal taxes. Furthermore, the organization's efforts led to substantial savings in welfare payments, food stamps, and Medicaid, totaling $960,000. Around 80% of OIC/DC's participants receive various forms of assistance.
Official website here: www.oicdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Stars
Opportunities Industrialization Center Washington DC holds a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. This rating is primarily based on their high standards in board independence and financial oversight, achieving full scores in several key areas such as having a majority of independent board members and robust financial statement practices.
While the organization demonstrates strengths in governance and program spending, with 89.51% of its expenses directed toward programs, it does exhibit some concerns regarding financial liabilities. The organization's liabilities to assets ratio of 184.29% raised a flag, indicating potential financial risk that could impact its sustainability and operational capacity.
Additionally, the organization is missing a whistleblower policy, which is sometimes viewed as a weakness in transparency and governance. Overall, while Opportunities Industrialization Center Washington DC shows commendable accountability practices, attention to its financial health and policy completeness will be crucial for future growth and trust-building.
This AI summary has been generated from information found on Charity Navigator.
Is Opportunities Industrialization Center Washington Dc legitimate?
Opportunities Industrialization Center Washington Dc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Opportunities Industrialization Center Washington Dc 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: $140,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $251,910
For more financial information, click here
Official website here: www.oicdc.org
What is the mission statement of Opportunities Industrialization Center Washington Dc?
The Opportunities Industrialization Center in Washington D.C. is dedicated to providing high-quality job skills training programs and related services for both adults and youths. Their primary objective is to help individuals gain the necessary skills and resources to secure employment. By offering these services, the center aims to assist its customers in achieving financial independence and reducing their reliance on welfare support. In 2020, the center successfully placed 60 individuals in jobs with an average salary of $14 per hour, resulting in significant tax revenue and savings in welfare payments. The center also supports 80% of its participants, who often require various forms of assistance.
Official website here: www.oicdc.org
Who is the CEO of Opportunities Industrialization Center Washington Dc?
F Alexis H Roberson is the Chairman of Opportunities Industrialization Center Washington Dc. The CEO's salary of Opportunities Industrialization Center Washington Dc is $90,000 and their total compensation is $90,000.
Official website here: www.oicdc.org
What is the revenue of Opportunities Industrialization Center Washington Dc?
Opportunities Industrialization Center Washington Dc's revenue in 2022 was $746,650.
Official website here: www.oicdc.org
Who are the executives of Opportunities Industrialization Center Washington Dc and what are their salaries?
The average compensation at Opportunities Industrialization Center Washington Dc during 2022 was $130,637. There are 3 employees at Opportunities Industrialization Center Washington Dc.
Here are 8 key members and their salaries (Opportunities Industrialization Center Washington Dc's CEO's salary is $90,000 and their total compensation is $90,000):
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- Compensation: $90,000
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- Compensation: $60,000
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- Other: $0
Official website here: www.oicdc.org
Where can I find the form 990 for Opportunities Industrialization Center Washington Dc?
Opportunities Industrialization Center Washington Dc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oicdc.org
Learn more at the official website: www.oicdc.org
Mission Statement of Opportunities Industrialization Center Washington Dc
Opportunities Industrialization Center Washington D.C. (OIC/DC) is dedicated to delivering high-quality job skills training programs and related services to both adults and youths. Their primary objective is to empower their clients by helping them acquire the necessary skills and resources to secure employment. This mission is aimed at improving their customers' livelihoods, enabling them to become financially independent and contributing members of society.
Through its training programs, OIC/DC assists individuals in gaining the essential skills required for employment. In 2020, the organization successfully placed 60 individuals in jobs, with an average hourly wage of $14. The positive impact of this placement was significant, as these individuals collectively earned $1,747,200 in salary within a year. Furthermore, they contributed $209,640 in City and Federal taxes during the same period.
Beyond monetary contributions, OIC/DC's efforts also resulted in substantial savings for public welfare programs. Within a year, there was a reduction of $960,000 in expenses related to welfare payments, food stamps, and Medicaid. This demonstrates the organization's effectiveness in helping individuals become financially self-sufficient and reducing the burden on public resources.
In summary, Opportunities Industrialization Center Washington D.C. is committed to providing quality job skills training programs and related services to adults and youths. Their mission is to empower individuals by helping them gain the skills needed for employment, ultimately leading to financial independence and contributing to society. Through their efforts, they have successfully placed individuals in jobs, increased their earnings, and saved public resources.
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Impact
July, 2024
Opportunities Industrialization Center Washington Dc's impact is significant in empowering individuals through quality job skills training programs and related services. In 2020 alone, OIC/DC successfully placed 60 individuals in employment with an average salary of $14 per hour. Over the course of the year, these individuals collectively earned $1,747,200 and contributed $209,640 in City and Federal taxes, demonstrating a tangible economic benefit to the community.
Additionally, OIC/DC's efforts led to substantial savings of $960,000 in welfare payments, food stamps, and Medicaid, showcasing not only economic empowerment but also a reduction in reliance on social assistance programs. It is worth noting that 80% of OIC/DC participants receive some form of assistance, highlighting the organization's focus on supporting individuals facing socio-economic challenges.
By equipping adults and youths with the skills and access needed to secure employment, Opportunities Industrialization Center Washington Dc is making a positive impact on the lives of individuals and the overall community in Washington, DC.
This information is meant to be a general summary of Opportunities Industrialization Center Washington Dc. 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: $746,650
Assets and Liabilities:
- Total Assets: $122,781
- Total Liabilities: $226,285
- Net Assets: -$103,504
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Organization Details
Founding Year
1999
Phone
(202) 373-0050Principal Officer
F Alexis H Roberson
Main Address
3707 Martin Luther King Avenue SE, Washington, DC, 20032
Website
www.oicdc.orgNTEE Category
Code: T20 - Philanthropy
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