Overview
What is Opportunities Industrialization Center Of Ousachit?
Opportunities Industrialization Center of Ousachit is a nonprofit organization located in Monroe, Louisiana. Their primary focus is on empowering low-income, disadvantaged, unemployed, and underemployed individuals through educational job skills training. This training is delivered in a classroom setting and covers a range of topics, including pre-employability skills, literacy elevation, job skills, counseling, and job placement assistance. The organization uses a state grant from Louisiana Community College to fund these services, which also include high school secondary education tests and job search assistance. The organization has a dedicated workforce of 21 individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 60%, earning a Two-Star out of Four Star rating.
Opportunities Industrialization Center Of Ousachit has received a two-star rating, indicating a need for improvement in its financial health and transparency. While the organization has a strong commitment to governance, reflected in its 100% independent board members and effective conflict of interest policies, its financial performance raises concerns. The organization has a high liabilities to assets ratio of 80.70%, which negatively impacts its overall financial score.
Despite these challenges, the center demonstrates strong accountability practices, with comprehensive auditing oversight and proper documentation of board meeting minutes. Additionally, it allocates a respectable 58.04% of its expenses to program activities, indicating a focus on its mission. However, potential donors and stakeholders may want to consider these financial indicators and the need for improvement before fully engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Opportunities Industrialization Center Of Ousachit legitimate?
Opportunities Industrialization Center Of Ousachit is a legitimate nonprofit organization registered as a 501(c)(3) entity. Opportunities Industrialization Center Of Ousachit 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: $261,966
For more financial information, click here
What is the mission statement of Opportunities Industrialization Center Of Ousachit?
The Opportunities Industrialization Center of Ousachit's mission is centered around providing educational job skills training. This is carried out in a structured classroom setting. The center, funded through a state grant from Louisiana Community College, offers various services aimed at improving employability. These services include professional development training, literacy elevation, job skills instruction, counseling, and job placement assistance. The primary focus is on assisting low to moderate income clients who are disadvantaged, unemployed, or underemployed.
Who is the CEO of Opportunities Industrialization Center Of Ousachit?
William Smith is the Executive Director of Opportunities Industrialization Center Of Ousachit.
What is the revenue of Opportunities Industrialization Center Of Ousachit?
Opportunities Industrialization Center Of Ousachit's revenue in 2022 was $510,525.
Who are the executives of Opportunities Industrialization Center Of Ousachit and what are their salaries?
The average compensation at Opportunities Industrialization Center Of Ousachit during 2022 was $12,475. There are 21 employees at Opportunities Industrialization Center Of Ousachit.
Here are 10 key members and their salaries:
- Compensation: $44,066
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- Compensation: $39,360
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Where can I find the form 990 for Opportunities Industrialization Center Of Ousachit?
Opportunities Industrialization Center Of Ousachit's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Opportunities Industrialization Center Of Ousachit
The Opportunities Industrialization Center of Ousachit is dedicated to providing educational job skills training in a structured classroom setting. This nonprofit organization leverages funding from the State Treasury Fund, which is a result of a state grant from Louisiana Community College. Through this funding, the center offers a array of services designed to empower low to moderate income individuals who are disadvantaged, unemployed, or underemployed. These services encompass professional development training, high school secondary education literacy elevation, job skills development, counseling, and job search and placement assistance. The ultimate goal of the Opportunities Industrialization Center of Ousachit is to equip these individuals with the necessary skills to secure employment and improve their livelihoods.
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Impact
July, 2024
The Opportunities Industrialization Center Of Ousachit provides educational job skills training in a classroom environment for low to moderate income clients who are disadvantaged, unemployed, and/or underemployed. Through funding from the Louisiana Community College State Treasury Fund, the organization offers services such as professional development training, high school secondary education tests literacy elevation, job skills counseling, and job search and placement assistance. This impact helps individuals in Monroe, LA, gain the necessary skills and support to improve their employment prospects and overall economic well-being.
This information is meant to be a general summary of Opportunities Industrialization Center Of Ousachit. 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: $510,525
Assets and Liabilities:
- Total Assets: $171,324
- Total Liabilities: $127,953
- Net Assets: $43,371
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Organization Details
Founding Year
1975
Principal Officer
William Smith
Main Address
Post Office Box 4255, Monroe, LA, 71211
NTEE Category
Code: J22 - Employment
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