Civic Intelligence

Montgomery County Opportunities Industrialization Center Inc.

990 • Fiscal year 2021 • EIN 23-6424784

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 28, 2021

1101 Arch StreetNorristown, PA 19401

(610) 279-9700

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

64th percentile

0.16x

Higher debt load relative to assets than 64% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

71st percentile

0.28x

Higher debt load relative to revenue than 71% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

15th percentile

-11%

Higher net margin than 15% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

59th percentile

$76,640

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 11.5% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

9th percentile

-9.1%

Faster asset growth than 9% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

69th percentile

35%

Faster revenue growth than 69% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$1,143,580

Down $114,044 (-9.1%) from 2020

Net Assets

Down

$956,468

Down $72,467 (-7.0%) from 2020

Liabilities

Down

$187,112

Down $41,577 (-18%) from 2020

Revenue

Up

$667,837

Up $171,473 (+35%) from 2020

Expenses

Up

$740,304

Up $238,003 (+47%) from 2020

Net Income

Down

-$72,467

Down $66,530 (-1121%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2014: $1,329,804Liabilities 2014: $167,477Net Assets 2014: $1,162,3272014Assets 2015: $1,285,311Liabilities 2015: $99,728Net Assets 2015: $1,185,5832015Assets 2016: $1,322,234Liabilities 2016: $164,166Net Assets 2016: $1,158,0682016Assets 2017: $1,245,269Liabilities 2017: $177,148Net Assets 2017: $1,068,1212017Assets 2018: $1,220,492Liabilities 2018: $200,383Net Assets 2018: $1,020,1092018Assets 2019: $1,172,927Liabilities 2019: $138,055Net Assets 2019: $1,034,8722019Assets 2020: $1,257,624Liabilities 2020: $228,689Net Assets 2020: $1,028,9352020Assets 2021: $1,143,580Liabilities 2021: $187,112Net Assets 2021: $956,4682021Assets 2022: $1,306,645Liabilities 2022: $171,580Net Assets 2022: $1,135,0652022Assets 2023: $916,480Liabilities 2023: $171,189Net Assets 2023: $745,2912023Assets 2024: $841,446Liabilities 2024: $229,238Net Assets 2024: $612,2082024

Highlighted filing

2021

Assets$1,143,580
Liabilities$187,112
Net Assets$956,468

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2014: $345,329Expenses 2014: $267,813Net Income 2014: $77,5162014Revenue 2015: $377,970Expenses 2015: $354,714Net Income 2015: $23,2562015Revenue 2016: $419,160Expenses 2016: $446,675Net Income 2016: -$27,5152016Revenue 2017: $321,123Expenses 2017: $411,070Net Income 2017: -$89,9472017Revenue 2018: $309,346Expenses 2018: $357,358Net Income 2018: -$48,0122018Revenue 2019: $391,765Expenses 2019: $386,379Net Income 2019: $5,3862019Revenue 2020: $496,364Expenses 2020: $502,301Net Income 2020: -$5,9372020Revenue 2021: $667,837Expenses 2021: $740,304Net Income 2021: -$72,4672021Revenue 2022: $1,067,379Expenses 2022: $888,782Net Income 2022: $178,5972022Revenue 2023: $858,094Expenses 2023: $1,247,868Net Income 2023: -$389,7742023Revenue 2024: $689,265Expenses 2024: $761,372Net Income 2024: -$72,1072024

Highlighted filing

2021

Revenue$667,837
Expenses$740,304
Net Income-$72,467
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 28, 2021
Return Version
2020v4.0
Gross Receipts
$667,837
Mission and Program Overview

Mission

To train and place on jobs disadvantaged, unemployed and underemployed persons in montgomery county, pa as well as providing child educational programs and care

Education and training and childcare

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,004,208$957,598▼ $46,610
Cash and Non-Interest-Bearing Accounts$242,954$175,516▼ $67,438
Prepaid Expenses and Deferred Charges$8,127$8,127→ $0
Savings and Temporary Cash Investments$2,335$2,339▲ $4
Total Assets$1,257,624$1,143,580▼ $114,044
Liabilities
Mortgage Notes Payable Secured by Investment Property$191,969$153,367▼ $38,602
Accounts Payable and Accrued Expenses$31,720$33,745▲ $2,025
Other Liabilities$5,000--
Total Liabilities$228,689$187,112▼ $41,577
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,028,935$956,468▼ $72,467
Total Net Assets Fund Balance$1,028,935$956,468▼ $72,467
Total Liabilities and Net Assets / Fund Balance$1,257,624$1,143,580▼ $114,044

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$955,032$847,758$1,802,790
Equipment-$277,362$277,362
Other Land Buildings$566$11,597$12,163
Land$2,000-$2,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Denise AsheCEO / Exec.FT$76,640$76,640

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$157,434
Program Service Revenue
$396,461
Investment Income
$3
Other Revenue
$113,939
All Other Contributions
$157,434
Change in Net Assets
$-72,467

Audited Revenue Reconciliation

Revenue per Audited Statements
$667,837
Revenue Not Reported on Form 990
$3,253
Total Revenue per Audited Statements
$671,090
Total Revenue per Form 990
$667,837
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$418,617
Other Expenses$321,687
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$265,615$29,513-$295,128
Current Officers, Directors, Trustees, and Key Employees$68,976$7,664-$76,640
Payroll Taxes$26,069$20,780-$46,849
Depreciation Depletion$46,610--$46,610
All Other Expenses$26,686$11,077-$37,763
Fees for Services Other$23,191$13,176-$36,367
Other Expenses$16,182$16,560-$16,560
Office Expenses$9,445$1,962-$11,407
Interest-$745-$745
Conferences and Meetings-$675-$675
Insurance-$16-$16
Total Functional Expenses$590,986$149,318$0$740,304

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$743,557
Expenses per Audited Statements$740,304
Total Expenses per Form 990$740,304
Expenses Not Reported on Form 990$3,253
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,091
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Board of directors review form 990 prior to filing via email distribution and filing.

Form 990, Page 6, Part VI, Line 12C

Monitored and enforced via annual discussion at board meeting including completion of disclosure forms.

Form 990, Page 6, Part VI, Line 19

Available upon request - copy in building file folder.

Filing and Contact Details

Filer

Filer Name
Montgomery County Opportunities
EIN
23-6424784
Phone
6102799700
Address
1101 ARCH STREET, NORRISTOWN, PA 19401

Signing Officer

Name
Denise Ashe
Title
CEO / Exec. Director
Phone
6102799700
Signed
2021-04-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Denise Ashe
Formed
1966
Legal Domicile
Pa
Voting Board Members
9
Independent Board Members
9
Employees
39

Preparer

Firm
Anthony Galani CPA
Address
PO BOX 26024, COLLEGEVILLE, PA 19426
Preparer
Anthony Galani CPA
Phone
4849618536
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Funraising netted on 990 0 rental expenses netted on 990 3,253 rental expensed netted on 990 -3,253

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Funraising netted on 990 0 rental expenses netted on 990 3,253

Schedule D, Page 4, Part XII, Line 2D

Rental expensed netted on 990 3,253

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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0375828
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt120633
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0127201
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt03
IRS990/PYOtherExpensesAmt0280201
IRS990/PYOtherRevenueAmt095742
IRS990/PYProgramServiceRevenueAmt0273418
IRS990/PYRevenuesLessExpensesAmt0-5937
IRS990/PYSalariesCompEmpBnftPaidAmt0222100
IRS990/PYTotalExpensesAmt0502301
IRS990/PYTotalRevenueAmt0496364
IRS990/ReconcilationRevenueExpnssAmt0-72467
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt022747
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0579895
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02335
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02339
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt034,870
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0157434
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0127201
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0104702
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0104780
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt054111
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0548228
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0101110
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0109293
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0112472
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0322881
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0721927
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt022382
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt09061
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt03427
IRS990ScheduleA/OtherIncome170Grp/TotalAmt034870
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.60510
IRS990ScheduleA/PublicSupportPY170Pct00.47890
IRS990ScheduleA/PublicSupportTotal170Amt0548228
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0157434
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0127201
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0104702
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0104780
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt054111
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0548228
IRS990ScheduleA/TotalSupportAmt0905979
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0955032
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0847758
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01802790
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0277362
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0277362
IRS990ScheduleD/ExpensesNotReportedAmt03253
IRS990ScheduleD/ExpensesSubtotalAmt0740304
IRS990ScheduleD/LandGrp/BookValueAmt02000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02000
IRS990ScheduleD/OtherExpensesIncludedAmt03253
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0566
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011597
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt012163
IRS990ScheduleD/OtherRevenueAmt03253
IRS990ScheduleD/RevenueNotReportedAmt03253
IRS990ScheduleD/RevenueSubtotalAmt0667837
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNRAISING NETTED ON 990 0 RENTAL EXPENSES NETTED ON 990 3,253
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSED NETTED ON 990 3,253
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0957598
IRS990ScheduleD/TotalExpensesPerForm990Amt0740304
IRS990ScheduleD/TotalRevenuePerForm990Amt0667837
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0671090
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0743557
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD OF DIRECTORS REVIEW FORM 990 PRIOR TO FILING VIA EMAIL DISTRIBUTION AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MONITORED AND ENFORCED VIA ANNUAL DISCUSSION AT BOARD MEETING INCLUDING COMPLETION OF DISCLOSURE FORMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST - COPY IN BUILDING FILE FOLDER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FUNRAISING NETTED ON 990 0 RENTAL EXPENSES NETTED ON 990 3,253 RENTAL EXPENSED NETTED ON 990 -3,253
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01257624
IRS990/TotalAssetsEOYAmt01143580
IRS990/TotalAssetsGrp/BOYAmt01257624
IRS990/TotalAssetsGrp/EOYAmt01143580
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0157434
IRS990/TotalEmployeeCnt039
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0149318
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0590986
IRS990/TotalFunctionalExpensesGrp/TotalAmt0740304
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0228689
IRS990/TotalLiabilitiesEOYAmt0187112
IRS990/TotalLiabilitiesGrp/BOYAmt0228689
IRS990/TotalLiabilitiesGrp/EOYAmt0187112
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01028935
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0956468
IRS990/TotalProgramServiceExpensesAmt0590986
IRS990/TotalProgramServiceRevenueAmt0396461
IRS990/TotalReportableCompFromOrgAmt076640
IRS990/TotalRevenueGrp/ExclusionAmt030841
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0479562
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0667837
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01257624
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01143580
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false

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