Overview
What is Economic Opportunity Center?
The Economic Opportunity Center is a nonprofit organization situated in North Charleston, South Carolina, with an address at 8570 Rivers Ave. Their primary mission is to bridge the skills gap between the workforce and employers, while also preparing both the workforce and aspiring entrepreneurs to engage in local economic systems. To achieve this goal, they offer integrated services that include career and employment counseling, one-on-one financial coaching, and financial education. By reinforcing employment counseling with financial coaching, the Center aims to improve job retention rates, with long-term job retention nearly doubling as a result. Furthermore, they provide low-cost financial products that foster credit building, savings, and asset growth. In essence, the Economic Opportunity Center seeks to promote social enterprise and empower individuals and entrepreneurs to actively participate in their local economy.
Is Economic Opportunity Center legitimate?
Economic Opportunity Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Economic Opportunity Center 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: $26,939
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What is the mission statement of Economic Opportunity Center?
The Economic Opportunity Center aims to bridge the skills gap between the workforce and employers, while also preparing both the workforce and budding entrepreneurs to actively engage in local economic systems. The center strives to foster social enterprise by establishing new systems that encourage this engagement. As a career and personal finance service center, it provides employment and career counseling, offers one-on-one financial coaching and education, and supplies low-cost financial products that help build credit, savings, and assets. The integrated or bundled services lead to significant improvements in net income and job retention. Long-term job retention, defined as holding a job for a year or more, almost doubles when financial coaching complements the work of employment counseling.
Who is the CEO of Economic Opportunity Center?
Don Oglesby is the President An of Economic Opportunity Center.
What is the revenue of Economic Opportunity Center?
Economic Opportunity Center's revenue in 2022 was $252,679.
Who are the executives of Economic Opportunity Center and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Economic Opportunity Center?
Economic Opportunity Center's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Economic Opportunity Center
The Economic Opportunity Center aims to bridge the skills gap that exists between the workforce and employers, while also preparing both the workforce and emerging entrepreneurs to engage in local economic systems. This organization strives to foster new systems that promote social enterprise. The center operates as a comprehensive service center, offering career and financial counseling, one-on-one financial coaching, and education, and affordable financial products that aid in credit building, savings, and asset accumulation. Integrated services provided by the Economic Opportunity Center lead to substantial gains in net income and job retention. Furthermore, long-term job retention, which refers to maintaining employment for over a year, is nearly doubled when financial coaching complements the work of employment counseling.
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Impact
October, 2024
The Economic Opportunity Center plays a vital role in bridging the skills gap between the workforce and employers, empowering individuals to actively engage in local economic systems. By providing comprehensive services such as employment and career counseling, one-on-one financial coaching, and access to low-cost financial products, the Center fosters an environment where individuals can build credit, savings, and assets.
The integrated approach of bundled services leads to significant improvements in net income and job retention. Notably, the likelihood of long-term job retention—staying in a job for a year or more—nearly doubles when financial coaching complements employment counseling. This powerful combination not only prepares individuals for immediate employment but also equips them with the financial skills necessary for sustained success.
In North Charleston, SC, the Economic Opportunity Center is dedicated to nurturing entrepreneurs and enhancing workforce readiness, ultimately promoting social enterprise and economic growth within the community. Its impact extends beyond individual participants, contributing to a more resilient and thriving local economy.
This information is meant to be a general summary of Economic Opportunity Center. 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.
- Program Service Revenue: $250,647
- Gross Receipts: $252,679
Assets and Liabilities:
- Total Assets: $102,156
- Total Liabilities: $54,375
- Net Assets: $47,781
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$250,647
Organization Details
Founding Year
2021
Phone
(864) 546-4635Principal Officer
Don Oglesby
Main Address
8570 RIVERS AVE, NORTH CHARLESTON, SC, 29406
NTEE Category
Code: P20 - Human services
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