Civic Intelligence

Opportunities Industrialization Center of Rhode Island Inc

990 • Fiscal year 2020 • EIN 27-1486882

Jul 01, 2019 to Jun 30, 2020 • Filed on May 03, 2021

Organization ProfileN/A
460 Pine StreetProvidence, RI 02907

(401) 467-2536

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

50th percentile

5.3%

Higher net margin than 50% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

96th percentile

$75,692

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 31.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

35th percentile

-31%

Faster revenue growth than 35% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $52,743 (-100%) from 2019

Net Assets

Down

$0

Down $15,126 (-100%) from 2019

Liabilities

Down

$0

Down $37,617 (-100%) from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin50th percentile

Revenue

Down

$244,163

Down $111,545 (-31%) from 2019

Expenses

Down

$231,157

Down $42,617 (-16%) from 2019

Net Income

Down

$13,006

Down $68,928 (-84%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

$100K$50K$0-$50K-$100KAssets 2014: $22,917Liabilities 2014: $32,515Net Assets 2014: -$9,5982014Assets 2015: $9,094Liabilities 2015: $37,875Net Assets 2015: -$28,7812015Assets 2016: $53,534Liabilities 2016: $54,586Net Assets 2016: -$1,0522016Assets 2017: $59,289Liabilities 2017: $73,775Net Assets 2017: -$14,4862017Assets 2018: $10,635Liabilities 2018: $77,443Net Assets 2018: -$66,8082018Assets 2019: $52,743Liabilities 2019: $37,617Net Assets 2019: $15,1262019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2020

Assets$0
Liabilities$0
Net Assets$0
Open 2020 Filing

Operations Trend

Revenue Growth35th percentile

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

$400K$200K$0-$200KRevenue 2014: $248,059Expenses 2014: $246,634Net Income 2014: $1,4252014Revenue 2015: $195,452Expenses 2015: $214,635Net Income 2015: -$19,1832015Revenue 2016: $355,631Expenses 2016: $327,902Net Income 2016: $27,7292016Revenue 2017: $273,389Expenses 2017: $286,823Net Income 2017: -$13,4342017Revenue 2018: $271,238Expenses 2018: $323,560Net Income 2018: -$52,3222018Revenue 2019: $355,708Expenses 2019: $273,774Net Income 2019: $81,9342019Revenue 2020: $244,163Expenses 2020: $231,157Net Income 2020: $13,0062020

Highlighted filing

2020

Revenue$244,163
Expenses$231,157
Net Income$13,006
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 3, 2021
Return Version
2019v5.2
Gross Receipts
$244,163
Mission and Program Overview

Mission

Prepare underserved adults and youth for the world of work

Education and job training

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$28,267$0▼ $28,267
Pledges and Grants Receivable$23,897$0▼ $23,897
Land, Buildings, and Equipment, Net$234$0▼ $234
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$52,743$0▼ $52,743
Other Assets Total$345$0▼ $345
Liabilities
Accounts Payable and Accrued Expenses$37,617$0▼ $37,617
Total Liabilities$37,617$0▼ $37,617
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,126$0▼ $15,126
Total Net Assets Fund Balance$15,126$0▼ $15,126
Total Liabilities and Net Assets / Fund Balance$52,743$0▼ $52,743
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Michael Van LeestenExecutive DirectorFT$75,692$75,692

Board Members and Trustees

NameTitle
Khamden SochChairperson
Cliff MonteiroMember
David LoganMember
Jill Van LeestenMember
Shelia ConwayMember
Eileen HayesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$244,163
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$14,186
Change in Net Assets
$13,006
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$137,523
Other Expenses$93,634
Total Fundraising Expense$18,981
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$92,592$13,058$13,058$118,708
Fees for Services Other$49,093$12,055$3,653$64,801
Payroll Taxes$14,675$2,070$2,070$18,815
Occupancy$12,000$1,500$135$13,635
Insurance$6,209$767-$6,976
Office Expenses$1,893$237$21$2,151
Conferences and Meetings$74--$74
Other Expenses$55$127$44$55
Total Functional Expenses$181,875$30,301$18,981$231,157
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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, Part VI, Section B, line 11B

“Executive director reviews and approves the form 990 then distributes to board members if a member would like to review it.”

Form 990, Part VI, Section B, line 12C

“Board members are periodically asked at meetings if a conflict exits.”

Form 990, Part VI, Section C, line 19

“The organization does not make its governing documents, conflict of interest policy or financial statements available to the public.”

Filing and Contact Details

Filer

Filer Name
Opportunities Industrialization Center
EIN
27-1486882
Phone
4014672536
Address
460 Pine Street, Providence, RI 02907

Signing Officer

Name
Khamden Soch
Title
Chairperson
Phone
4014672536
Signed
2021-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Khamden Soch
Formed
2009
Legal Domicile
Ri
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Aaronson Lavoie Streitfeld Diaz & Co PC
Address
1604 Broad Street, Cranston, RI 02905
Preparer
Michael Aaronson
Phone
4012230205
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Independent contractors: Program service expenses 48,976. Management and general expenses 0. Fundraising expenses 0. Total expenses 48,976. Professional fees: Program service expenses 117. Management and general expenses 12,055. Fundraising expenses 3,653. Total expenses 15,825.”

Form 990, Part XI, line 9:

“Distribution of assets remaning to othe 501c3 organizations -28,132.”

Financial Statement Notes

Part X, Line 2:

“The organization is exempt from federal income taxes under section 501-c-3 of the Internal Revenue Code and applicable state law. The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the from an uncertain tax position only if it is morelikely than not that the tax position will be sustained on examiniation by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the organizaton and various positions related to the potential sources of unrelated business taxable income (UBIT). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for years ending June 30, 2019.”

Raw XML Appendix389 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The organization is exempt from federal income taxes under section 501-c-3 of the Internal Revenue Code and applicable state law. The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the from an uncertain tax position only if it is morelikely than not that the tax position will be sustained on examiniation by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the organizaton and various positions related to the potential sources of unrelated business taxable income (UBIT). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for years ending June 30, 2019.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleN/AssetsDistributedInd00
IRS990ScheduleN/AttorneyGeneralNotifiedInd00
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd00
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0Various RI non profits servicing the poor
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02020-06-04
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0555555555
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt028132
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501c3
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Executive director reviews and approves the form 990 then distributes to board members if a member would like to review it.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members are periodically asked at meetings if a conflict exits.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization does not make its governing documents, conflict of interest policy or financial statements available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Independent contractors: Program service expenses 48,976. Management and general expenses 0. Fundraising expenses 0. Total expenses 48,976. Professional fees: Program service expenses 117. Management and general expenses 12,055. Fundraising expenses 3,653. Total expenses 15,825.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Distribution of assets remaning to othe 501c3 organizations -28,132.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XI, line 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt052743
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt052743
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0244163
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt018981
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt030301
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0181875
IRS990/TotalFunctionalExpensesGrp/TotalAmt0231157
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt037617
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt037617
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt015126
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0181875
IRS990/TotalReportableCompFromOrgAmt075692
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0244163
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt052743
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Khamden Soch
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairperson
ReturnHeader/BusinessOfficerGrp/PhoneNum04014672536
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Opportunities Industrialization Center
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0of Rhode Island Inc
ReturnHeader/Filer/BusinessNameControlTxt0OPPO
ReturnHeader/Filer/EIN0271486882
ReturnHeader/Filer/PhoneNum04014672536
ReturnHeader/Filer/USAddress/AddressLine1Txt0460 Pine Street
ReturnHeader/Filer/USAddress/CityNm0Providence
ReturnHeader/Filer/USAddress/StateAbbreviationCd0RI
ReturnHeader/Filer/USAddress/ZIPCd002907
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0050495839
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Aaronson Lavoie Streitfeld Diaz & Co PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01604 Broad Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Cranston
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0RI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002905
ReturnHeader/PreparerPersonGrp/PhoneNum04012230205
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michael Aaronson
ReturnHeader/ReturnTs02021-05-03T14:25:37-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$244,163
Expenses
$231,157
Net income
$13,006
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$2.44$2.31$0.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.53$0.38$0.15$3.56$2.74$0.82
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.11$0.77$0.67$2.71$3.24$0.52
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.59$0.74$0.14$2.73$2.87$0.13
2016Detailed filing. Detailed filing data is available for this year.$0.54$0.55$0.01$3.56$3.28$0.28
2015Detailed filing. Detailed filing data is available for this year.$0.09$0.38$0.29$1.95$2.15$0.19
2014Detailed filing. Detailed filing data is available for this year.$0.23$0.33$0.10$2.48$2.47$0.01
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • <$500k nonprofits