Opportunities Industrialization Center Washington DC

Nonprofit profile at a glance

EIN
522237798
IRS 990 coverage
2011–2023
Forms available
Form 990 2023
Location
Washington, DC, USA
Phone
2023730050
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Private Grantmaking Foundations

Official website

Reported finances

Revenue
$777,486
Expenses
$806,524
Assets
$37,299
Liabilities
$143,111

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • F Alexis H Roberson (President/CEO)

Highest reported compensation

  • F Alexis H Roberson (President/CEO): $90,000 total reported compensation
  • D H Little (Director of Operations): $60,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide quality job skills training programs and related services for adults and youths. The overarching objective is to assist customers in gaining the skills and access

What it reported doing in 2023

In 2020, OIC/DC placed 60 persons in employment with an average salary of $14 per hour. At the end of 12 months, these persons made $1,747,200 and paid $209,640 (12%) in City and Federal taxes. Also, an additional $960,000 savings in welfare payments, food stamps and Medicaid was realized. 80% of OIC/DC participants receive some type of assistance.

Operating model

Revenue model
Grant-funded. 100% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 100
  • Accountability: 95
  • Sustainability: 16
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 95.4%; rating input score 95
  • Program expense ratio: 92%; rating input score 92
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -3.7%; rating input score 28; 28th percentile among comparable filings
  • Total-asset coverage ratio: 0.05; rating input score 3; 3rd percentile among comparable filings
  • Liabilities to assets ratio: 3.84; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 18.6%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: -13.1% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: -8.4% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: -16.7% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 95.4% of revenue deployed · 92% of spending went to programs
  • Governance: 5 of 5 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $742K in reported program spending
  • Leadership: top reported pay $90K · 8 people listed
  • Consistency: 20 of 20 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 9 filing years from 2011 to 2023
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 28/100.
  • High — Sustainability: Total-asset coverage ratio scored 3/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Accountability: Governance controls: Whistleblower policy not reported.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.