OPPORTUNITIES INDUSTRIALIZATION CENTER INC

EIN: 236296920 501(c)(3)

PHILADELPHIA, PA

Total Revenue
$4,313,956
Total Expenses
$3,448,284
Total Assets
$1,419,652
Net Assets
$885,411
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
PA
Principal Officer
KEITA ATIF BOSTIC
Phone
2152367700
Tax Period
2024-07-01 to 2025-06-30

OPPORTUNITIES INDUSTRIALIZATION CENTER INC, founded in 1964, is a community nonprofit that reported $4.3M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $866K, a strong 20% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO ELIMINATE UNEMPLOYMENT, UNDEREMPLOYMENT AND ILLITERACY TO ENSURE A MEANINGFUL QUALITY OF LIFE FOR FAMILIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $635,679
Program Service Revenue $3,670,564
Investment Income $408
Other Revenue $7,305
TOTAL REVENUE $4,313,956

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,685,411
Fundraising Expenses $34,350
Program Expenses $2,694,712
Other Expenses $1,762,873
TOTAL EXPENSES $3,448,284

Year-over-Year Comparison

2024 2023 Change
Revenue $4,313,956 $4,643,930 -0.1%
Expenses $3,448,284 $4,758,025 -0.3%
Net Income $865,672 $-114,095 -8.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
17
Employees
34
Volunteers
36

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$0
Total Directors
16
$0
Key Employees
1
$242,515
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHEILA IRELAND CEO 40.0
Key Emp
$242,515 $0 $242,515
ANDREW H BERGMAN CAO 40.0
Highest
$120,266 $0 $120,266
KEITA ATIF BOSTIC EMERITUS 1.0
Director
$0 $0 $0
VALERIE HARRISON BOARD MEMBER 1.0
Director
$0 $0 $0
SHAMYUNE JONES BOARD MEMBER 1.0
Director
$0 $0 $0
FRANK TAIT TREASURER 10.0
Officer Director
$0 $0 $0
JAVIER SUAREZ BOARD MEMBER 1.0
Director
$0 $0 $0
ALI JAFFAR BOARD MEMBER 1.0
Director
$0 $0 $0
SHARANA WORSLEY BOARD MEMBER 1.0
Director
$0 $0 $0
JENNIFER MACGILVRAY BOARD MEMBER 1.0
Director
$0 $0 $0
MABLE ELLIS WELBORN SECRETARY 1.0
Officer Director
$0 $0 $0
JUDGE STEPHANIE SAWYER BOARD MEMBER 1.0
Director
$0 $0 $0
VINCENT D GORDON CHAIR #2 1.0
Officer Director
$0 $0 $0
BEN FILECCIA BOARD MEMBER 1.0
Director
$0 $0 $0
MICHAEL SOILEAU BOARD MEMBER 1.0
Director
$0 $0 $0
RONALD HOWARD BOARD MEMBER 1.0
Director
$0 $0 $0
MICHELE WELLS-BATES CHAIR #1 1.0
Officer Director
$0 $0 $0
DAVID S THOMAS BOARD MEMBER 1.0
Director
$0 $0 $0
STEVEN BRADLEY CHAIR 1.0
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $4,313,956 $3,448,284 $1,419,652 $865,672
2024 No data No data No data No data
2023 $2,106,823 $2,618,507 $2,104,843 $-511,684
2022 $2,376,647 $2,800,736 $2,492,971 $-424,089
2021 $4,045,283 $3,088,965 $3,312,619 $956,318
2020 $3,499,142 $3,726,743 $2,597,263 $-227,601
2019 $3,907,102 $4,163,519 $2,450,887 $-256,417
2018 $3,189,176 $3,151,881 $2,367,534 $37,295
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