Civic Intelligence

Economic Opportunity Center

EIN 85-1198854 • 501(c)3 • North Charleston, SC

Profile

The opportunity center seeks to mitigate the skills gap that exists between the workforce and employers, as well as prepare the workforce and growing entrepreneurs to participate in the local economic systems, while creating new systems that promote social enterprise.

8570 Rivers AveNorth Charleston, SC 29406
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

3.42x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

1.08x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

88th percentile

44%

Higher net margin than 88% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

94th percentile

150%

Faster asset growth than 94% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

76th percentile

27%

Faster revenue growth than 76% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$131,258

Up $78,669 (+150%) from 2023

Liabilities

Up

$448,910

Up $193,534 (+76%) from 2023

Net Assets

Down

-$317,652

Down $114,865 (-57%) from 2023

Revenue

Up

$416,183

Up $87,993 (+27%) from 2023

Expenses

Down

$232,066

Down $37,580 (-14%) from 2023

Net Income

Up

$184,117

Up $125,573 (+214%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0-$200K-$400KAssets 2021: $233,329Liabilities 2021: $21,058Net Assets 2021: $212,2712021Assets 2022: $102,156Liabilities 2022: $54,375Net Assets 2022: $47,7812022Assets 2023: $52,589Liabilities 2023: $255,376Net Assets 2023: -$202,7872023Assets 2024: $131,258Liabilities 2024: $448,910Net Assets 2024: -$317,6522024

Highlighted filing

2024

Assets$131,258
Liabilities$448,910
Net Assets-$317,652

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0Revenue 2021: $253,359Expenses 2021: $7,607Net Income 2021: $245,7522021Revenue 2022: $252,679Expenses 2022: $200,655Net Income 2022: $52,0242022Revenue 2023: $328,190Expenses 2023: $269,646Net Income 2023: $58,5442023Revenue 2024: $416,183Expenses 2024: $232,066Net Income 2024: $184,1172024

Highlighted filing

2024

Revenue$416,183
Expenses$232,066
Net Income$184,117

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.0
Gross Receipts
$416,183
Mission and Program Overview

Mission

The opportunity center seeks to mitigate the skills gap that exists between the workforce and employers, as well as prepare the workforce and growing entrepreneurs to participate in the local economic systems, while creating new systems that promote social enterprise.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$2,986$99,780▲ $96,794
Cash and Non-Interest-Bearing Accounts$49,603$30,240▼ $19,363
Prepaid Expenses and Deferred Charges-$1,238-
Total Assets$52,589$131,258▲ $78,669
Liabilities
Deferred Revenue$179,788$370,301▲ $190,513
Accounts Payable and Accrued Expenses$49,769$54,509▲ $4,740
Other Liabilities$25,819$24,100▼ $1,719
Total Liabilities$255,376$448,910▲ $193,534
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-202,787$-317,652▼ $114,865
Total Net Assets Fund Balance$-202,787$-317,652▼ $114,865
Total Liabilities and Net Assets / Fund Balance$52,589$131,258▲ $78,669
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dorothea BerniqueVice Chair
Amber RoosBoard Member
Cedric Welch-muhammadBoard Member
Margie PizarroBoard Member
Sedrick MccallumBoard Member
Bernie MazyckInterim Chai
Cheryl ReidInterim Secr
Don OglesbyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$10,000
Program Service Revenue
$406,183
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$184,117
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$220,225
Salaries, Compensation, and Employee Benefits$11,841
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$35,335$6,236-$41,571
Fees for Services Other$28,607$5,048-$33,655
Other Expenses$9,505$1,677-$11,182
Insurance$8,725$1,540-$10,265
Other Salaries and Wages$6,280$1,108-$7,388
Office Expenses$3,358$593-$3,951
Other Employee Benefits$2,651$468-$3,119
Payroll Taxes$899$159-$1,058
Pension Plan Contributions$235$41-$276
Advertising$165$29-$194
Total Functional Expenses$197,256$34,810$0$232,066
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$24,100
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Economic Opportunity Center
EIN
85-1198854
Phone
8645464635
Address
8570 RIVERS AVE, NORTH CHARLESTON, SC 29406

Signing Officer

Name
Don Oglesby
Title
Treasurer
Phone
8645464635
Signed
2025-11-12

Organization Details

Principal Officer
Don Oglesby
Formed
2021
Legal Domicile
Sc
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Phillips Cpas & Advisors
Address
201 LAVINIA AVE, GREENVILLE, SC 29601
Preparer
Matthew V Phillips
Phone
8642361380
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The opportunity center seeks to mitigate the skills gap that exists between the workforce and employers, as well as prepare the workforce and growing entrepreneurs to participate in the local economic systems, while creating new systems that promote social enterprise.

Form 990, Page 2, Part III, Line 4D

The purpose of the business incubator is to stimulate the establishment and growth of small businesses, with a focus on protecting groups such as minority or women owned businesses and business that target low income communities, and to increase the number of successful companies originating and developing in the area. The business incubator is an important tool in the economic development toolkit of the area that would be a means to create new job opportunities for area residents, create higher wage jobs, contribute to the growth and success of emerging small businesses, and as a source to generate new tax revenue for north charleston.

Form 990, Part IX, Line 11G

28,607 5,048 0

Form 990, Part XI, Line 9

Transfer to related party -298,973

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE OPPORTUNITY CENTER SEEKS TO MITIGATE THE SKILLS GAP THAT EXISTS BETWEEN THE WORKFORCE AND EMPLOYERS, AS WELL AS PREPARE THE WORKFORCE AND GROWING ENTREPRENEURS TO PARTICIPATE IN THE LOCAL ECONOMIC SYSTEMS, WHILE CREATING NEW SYSTEMS THAT PROMOTE SOCIAL ENTERPRISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PURPOSE OF THE BUSINESS INCUBATOR IS TO STIMULATE THE ESTABLISHMENT AND GROWTH OF SMALL BUSINESSES, WITH A FOCUS ON PROTECTING GROUPS SUCH AS MINORITY OR WOMEN OWNED BUSINESSES AND BUSINESS THAT TARGET LOW INCOME COMMUNITIES, AND TO INCREASE THE NUMBER OF SUCCESSFUL COMPANIES ORIGINATING AND DEVELOPING IN THE AREA. THE BUSINESS INCUBATOR IS AN IMPORTANT TOOL IN THE ECONOMIC DEVELOPMENT TOOLKIT OF THE AREA THAT WOULD BE A MEANS TO CREATE NEW JOB OPPORTUNITIES FOR AREA RESIDENTS, CREATE HIGHER WAGE JOBS, CONTRIBUTE TO THE GROWTH AND SUCCESS OF EMERGING SMALL BUSINESSES, AND AS A SOURCE TO GENERATE NEW TAX REVENUE FOR NORTH CHARLESTON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt428,607 5,048 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TRANSFER TO RELATED PARTY -298,973
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0232066
IRS990/TotalGrossUBIAmt00
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DON OGLESBY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08645464635
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ECONOMIC OPPORTUNITY CENTER
ReturnHeader/Filer/BusinessNameControlTxt0ECON
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ReturnHeader/Filer/PhoneNum08645464635
ReturnHeader/Filer/USAddress/AddressLine1Txt08570 RIVERS AVE
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0883651234
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PHILLIPS CPAS & ADVISORS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0201 LAVINIA AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREENVILLE
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ReturnHeader/PreparerPersonGrp/PhoneNum08642361380
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MATTHEW V PHILLIPS
ReturnHeader/ReturnTs02025-11-12T16:22:19-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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