OPPORTUNITIES INDUSTRIALIZATION OF WILSON INCORPORATED

EIN: 561100476 501(c)(3) Employment

Wilson, NC

Total Revenue
$1,291,961
Total Expenses
$1,347,205
Total Assets
$494,854
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
NC
Principal Officer
Gwen Burton
Phone
2522910038
Tax Period
2023-07-01 to 2024-06-30

OPPORTUNITIES INDUSTRIALIZATION OF WILSON INCORPORATED, founded in 1972, is a community nonprofit in the Employment sector that reported $1.3M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

To substantially improve the quality of life for rural eastern North Carolina families at the bottom of the barrel. All OIC Wilson services are provided for free. Structure: Founded in 1972 by Howard Jones, OIC in now led by attorney Robert A. Farris, Jr. of Farris & Thomas Law, who serves as a volunteer Chairman and President. The all-volunteer Board of Directors has 13 members and meets bi-monthly. Two Board Members are former OIC Wilson trainees. Experience: OIC Wilson has successfully administered state, federal and local awards within the scope of education, vocational education, workforce development, including services to offenders, veterans, homeless populations and the unemployed. We enjoy a 28+ year history of clean audits. The program enjoys strong community support, including support from our OIC Wilson alumni base.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,291,961
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,291,961

Expense Breakdown

Grants Paid $0
Salaries & Benefits $712,388
Fundraising Expenses $0
Program Expenses $1,114,679
Other Expenses $634,817
TOTAL EXPENSES $1,347,205

Year-over-Year Comparison

2023 2022 Change
Revenue $1,291,961 $1,124,717 +0.1%
Expenses $1,347,205 $1,124,717 +0.2%
Net Income $-55,244 $0 N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
17
Volunteers
13

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robert A Farris Jr Chairman and President 10
Officer
$0 $0 $0
Carol Alexander Vice Chair 1
Officer
$0 $0 $0
Jean W Jones Treasurer 5
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
2024 $1,291,961 $1,347,205 $494,854 $-55,244
2023 $1,124,717 $1,124,717 $414,400 No data
2022 $954,231 $887,200 $267,678 $67,031
2020 $1,289,240 $1,132,961 $590,954 $156,279
2019 $985,343 $847,234 $329,545 $138,109
2018 $928,426 $865,722 $176,402 $62,704
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